What is Shiba Inu coin ?
Shiva Inu coin is a cryptocurrency created by a group called Ryoshi in 2020. It got its name SHIB originally from a japanese dog breed. It gained popularity as SHIB due to its large community which is called the SHIB army. The official tweeter handle of Shiba Inu coin is more then 2.2 million. Its popularity went so high that it gave a massive 27,000,000% in between January to October 2021. Lets understand the what is Shiba Inu coin in details in the subsequent paragraphs.
More about Shiba Inu coin the crypto sensation
1. The digital money
- Shiba Inu coin a crypto based digital currency known is making waves in the cryptocurrency industry. This coin was sent off in August 2020 as an ERC-20 token on the Ethereum blockchain, and it was created as an energetic branch-off of Dogecoin, which itself was motivated by a web image.
2. The simpler strategy
- The inventors of Shiba Inu coin imagined a decentralized local area encompassing the cash, giving an secure, and open way for individuals to execute transaction without depending on traditional monetary establishments like banking system. The idea of the inventors is to make the financial transaction simpler, effective and digitally powered so that individuals can engage with cryptocurrency with their full potential in a simpler way .
3. The popularity of Shiba Inu coin
- The prominence of Shiba Inu coin has been to a great extent driven by its delightful canine themed plan. The Shiba Inu dog depicted on the coin has gone viral on the internet due to its endearing and unconventional demeanor. In addition, the coin’s low price has made it a popular choice for people who want to invest in cryptocurrency without taking on too much risk financially.
4. A long way to go
- Even though Shiba Inu coin is relatively new to the cryptocurrency market, traders and investors are already interested in it. Many are intently watching the coin’s development and future possibilities. In rundown, Shiba Inu coin is a promising computerized cash that is rapidly getting some decent forward movement among those keen on digital money.
An overview of Shiba Inu Coin
| Cryptocurrency | Shiba Inu |
| Ticker Symbol | SHIB |
| Price | $0.00001123 |
| Market Cap | $6,712,221,534 |
| Circulating Supply | 589,538,602,850,384 SHIB. |
| All time High | $0.00008845 |
| All time Low | $0.000000000082 |
Is Shiba Inu a good investment
Due to its robust community and potential for expansion, Shiba Inu (SHIB) has gained popularity as a cryptocurrency investment. Additionally, it is a relatively new coin at a low price, making it affordable for investors looking to enter the market. SHIB’s association with popular cryptocurrencies like Dogecoin and its meme-inspired nature, according to some investors, could also contribute to its long-term success.
Nonetheless, it is essential to acknowledge that investing in SHIB, like investing in any other cryptocurrency, entails substantial risks. The market is very volatile and can be influenced by a variety of things, like hype on social media, events in the news, and changes in regulations. Before investing in SHIB or any other cryptocurrency, it is essential to conduct extensive research and comprehend the risks.
Ultimately, each investor’s risk tolerance, investment objectives, and overall market outlook will determine whether or not SHIB is a good investment. It is highly advised that an investor should concentrate on diversification across a variety of assets which will assist in minimizing risk exposure, as with any investment.
How does the Shiba Inu coin works
Shiba Inu (SHIB) cryptocurrency operates on the Ethereum blockchain technology. It is not governed by a single central authority, in contrast to conventional currencies. Instead, transactions are written down on a public ledger that is accessible from any computer in a global network. SHIB can be purchased, sold, and put away on various cryptographic money trades and computerized wallets. Its value can fluctuate rapidly due to changes in news or regulations, and it depends on how much people want it.
The fact that SHIB is community-driven is one of its distinctive features. As a result, supporters of SHIB have a voice in shaping the organization’s direction. They can get involved through various projects, for example, Shibaswap, which is a method for trading SHIB with other digital currencies, or the Shiba Inu Salvage Affiliation, which supports canine sanctuaries everywhere. SHIB is, in general, a cryptocurrency that is upheld by a group of supporters who collaborate to improve it.
How to buy Shiba Inu coin ?
Writing below 7 step process on how to buy Shiba Inu cryptocurrency
- Sign up for a cryptocurrency exchange that supports Shiba Inu Coin, such as Binance, KuCoin, or Crypto.com.
- Create your account by providing personal information and photo ID.
- Deposit funds into your account using a bank transfer, credit/debit card, or another cryptocurrency.
- Find the Shiba Inu Coin trading pair on the exchange, which may be listed as SHIB/BTC or SHIB/USDT.
- Place a buy order for Shiba Inu Coin, indicating the amount you want to buy and the price you’re willing to pay for it.
- Review and confirm your order, then wait for it to be processed.
- Withdraw your Shiba Inu Coin to a wallet that you control to keep it safe.
Remember to be careful when investing in cryptocurrencies, and only invest what you can afford to lose. It’s essential to do your own research before investing. Watch this YouTube video for the easy reference
Present position of of Shiba Inu coin
Shiba Inu is a highly volatile cryptocurrency. It has seen ups and down in the recent days. Due to its low price and high demand Shiva inu token is in discussion from trending on social media to conversation among crypto enthusiast all over the world. Today when i am writing this blog the Shiba Inu crypto currency trading at around $0.00001123 with market capitalization of $6,712,221,534 and current volume $245,266,861 in last 24 hours. At present the total circulating supply of Shiba Inu is 589,538,602,850,384 SHIB. Its obvious that when you are reading this article the the above data might got changed so to the real time data of Shiba Inu coin you can refer to this https://coinmarketcap.com/currencies/shiba-inu/
Price prediction for Shiba Inu coin up to 2030
The below table provide the data of price forecast of Shiba Inu coin. The prediction is based on the present trends and individual research of the writer. Inverters are requested to do their own research or take the help of crypto analyst before investing in the crypto market.
| YEAR | Minimum price | Maximum price |
| 2023 | $0.0000096 | $0.0000234 |
| 2024 | $0.0000166 | $0.0000212 |
| 2025 | $0.0000220 | $0.0000300 |
| 2026 | $0.0000305 | $0.0000400 |
| 2027 | $0.0000415 | $0.0000590 |
| 2028 | $0.0000300 | $0.0000320 |
| 2029 | $0.0000340 | $0.0000370 |
| 2030 | $0.000102 | $0.000160 |
Is Shiba Inu a Risky investment ?
No doubt Shiba Inu cryptocurrency is a risky investment. Also the recent days spike and appreciation has made it more vulnerable to decline. An investor need to be very careful before considering investment in Shiba Inu coin. Our suggestion would be, if you believe in the concept of Shiba Inu coin then you must invest a very limited part of your wealth in Shiba Inu considering its volatility and high fluctuation.
Uses and utility of Shiba Inu coin
Despite the fact that Shiba Inu based NFTs are getting popular and available, at present there not so good use cases available for Shiba inu. The good news is its Ethereum base might bring future opportunities. Towards this you need to be careful and cautious while making any investment plan in cryptocurrencies like Shiba Inu.
Why it is called the Dogecoin killer ?
Shiba Inu also famous for the prefix that aided to is Dogecoin killer. The reason behind this is, its similarity with Doge coin and the unprecedented spike in value creation like Dogecoin, had made it known as Dogecoin killer.
Can Shiba Inu Coin Reach $1 by 20230?
No doubt Shiba Inu coin has seen massive growth in the recent days, which motivates the investors to expect its growth more rapidly. On this note there is a popular question arises among crypto investor that can Shiba Inu coin reach to $1 by the end of 2030 ? The answer to this popular question is clearly NO, there is a least possibility that the Shiba Inu coin reaching $1 by 2025. As per our price prediction the coin may hover in between $0.000104 to $0.000159.
Conclusion
In summary, the Shiba Inu coin has become a highly popular and talked-about cryptocurrency, attracting investors and enthusiasts alike. Its rise in popularity is partly due to its association with Dogecoin, but it also boasts unique features that distinguish it from other digital currencies. Although it has faced significant volatility and uncertainty, the Shiba Inu coin has managed to maintain its position as a major player in the crypto market.
As with any investment, it’s crucial to approach the Shiba Inu coin with caution and a clear understanding of the risks involved. While it has shown impressive growth and potential, there are always potential market fluctuations and unforeseen challenges to consider. However, for those who are willing to conduct thorough research, stay up-to-date, and make informed decisions, the Shiba Inu coin represents an attractive investment opportunity with the potential for significant returns.
In conclusion, the Shiba Inu coin is a fascinating and dynamic cryptocurrency that has captured the attention of the crypto community. Its future is uncertain, but its undeniable impact on the market and its dedicated following make it a digital currency to watch. In the above paragraph i tried my best to answer your doubts about what is Shiba Inu coin and so many other aspects of it. Hope you enjoyed reading it. Comment below and let me know if any suggestion you have .Thankyou.