We know that you are amazed by rapid rise in the prices of many cryptocurrencies and one of them which is creating a lot of hype on social media and other platforms is the ‘Shiba Inu cryptocurrency’. Looking at the people who have earned a fortune with Shiba Inu coin, you are also planning to buy some Shiba Inu coins but first, you must have complete knowledge about it as investing money without having any information would definitely be a mistake. Here are some of the things you must consider before investing in Shiba Inu.
- What is Shiba Inu?
- Why are Shiba Inu coin getting so popular?
- Where to buy Shiba Inu coins?
- How to buy Shiba Inu Coin and tokens?
- What is Shiba Inu coin exchange?
- What is SHIB/Shiba Inu token?
- Dogecoin vs Shiba Inu
- Is Shiba Inu is a good investment?
- Shiba Inu price predictions
Since now you have in mind that what is about to come then let’s not waste any more time because in the crypto world every minute counts!
WHAT IS SHIBA INU?
Shiba Inu is actually a Japanese breed of dogs, but you are thinking what is the link between this dog and cryptocurrency? Well, everyone knows that the all-time notorious Dogecoin is also based on the theme of dogs and is bringing out success for its investors and so in the same way the Shiba Inu crypto aims to follow the footsteps of Dogecoin.
This digital currency of Shiba Inu is not created by Vitalik Buterin, but he has some SHIB on his public wallet. He also facilitates people with its decentralized spontaneous community building and the Etheruem blockchain technology. Privacy, protection, and provision of the latest technology are its major features.
WHY ARE SHIBA INU COINS GETTING SO POPULAR?
The main reason for Shiba Inu’s popularity is its competition with Dogecoin that is being supported by names like Elon Musk as he calls himself the ‘Father of Dogecoin’. Since someone is ready to give them competition with somewhat same kind of product so Shiba Inu is always a part of gossips.
On the other hand, Shiba Inu crypto has been trying hard to raise its price and since the last few days, the value of the Shiba Inu coin has doubled its value and even in the last 24 hours, its value is up by 14.57%.
WHERE TO BUY SHIBA INU COIN/TOKENS?
Anyone can easily buy Shiba Inu coin and tokens from decentralized exchanges like Binance, Coinbase, and ShibaSwap (a decentralized exchange by Shiba Inu network). Whether you go for debit or credit cards or transfer money from your bank account, all these exchanges would aid you.
– Click here to open a Free account on Binance Exchange to buy SHIB Coin –
HOW TO BUY SHIBA INU COIN?
There is another way to buy Shiba Inu coins with Uniswap exchange. To avail this option, you need to first buy Ethereum tokens with your crypto wallet and then they would then be swapped with the Shiba Inu coins or tokens of equal value. The websites of exchanges would ask for your details and within few clicks, you would possess the desired number of Shiba Inu coins.
WHAT IS SHIBA INU COIN EXCHANGE?
The Shiba Inu network aims to be the ‘Dogecoin Killer’ and hence they are trying their level best for this. One of the steps taken to provide a safe and better environment for Shiba Inu coins and SHIB(tokens) buyers is the launch of a decentralized exchange ‘ShibaSwap’.
With ShibaSwap anyone can buy, sell, trade, and even enjoy the rewards in the form of SHIBs by using the exchange. Moreover, it has been rated safe, secure, and ideal for people for whom privacy matters the most.
WHAT IS SHIB/SHIBA INU TOKEN?
Shiba Inu launched its ERC-20 tokens as SHIB and claims to make them accessible for open-market through its own exchange ShibaSwap and others. The most interesting part is that there is no limit to buying the SHIBs as even a single person can own millions of SHIBs.
There are two types of SHIBs: one is Leash while the other is Bone. Leash has been launched for the purpose of liquidity and their total circulation is one hundred thousand only while their owner would also receive rewards. Whereas, Bone would be a new launch that would be unlimited in number for the ones who are interested in investing their money in SHIBs.
DOGECOIN vs SHIBA INU
The reason why both the cryptos are often compared with each other is that they have the same mascot and their real identity or mark of pride is the same i.e. the Shiba Inu dog; one has its name ‘Shiba Inu’ while the other collectively terms it as “Dogecoin”.
If we look into the time since Dogecoin and Shiba Inu crypto appeared in the market of cryptocurrency then Dogecoin appeared in December 2013 while Shiba Inu coin were introduced in August 2020. So, we believe that the latter is relatively new to be judged with the success of other coins; however, it has made a robust recovery in the last weeks.
IS SHIBA INU IS A GOOD INVESTMENT?
According to CoinMarketCap, Shiba Inu has spiked its value 82.90% in the last hours while the profit reached its highest ever peak of 1621.90% in just a week. The crypto gurus believe that if the value of this coin reaches $1 then it would be considered a stable coin in the market. Moreover, it has been profitable in 2021 so why not try our luck!
SHIBA INU PRICE PREDICTIONS
Although Shiba Inu crypto is performing well for now but websites such as ‘WalletInvestor’ and ‘InvestorPlace’ predict that Shiba Inu might not be a very profitable long-term investment. Whereas, in May 2021, one Shiba Inu values 0.000015 USD with a live market cap of $6,222,793,889 USD. As the coin is gaining momentum speedily so it has been ranked 30th by CoinMaketCap.
We hope that the information about Shiba Inu guides you to earn your next biggest fortune!
