The Shiba Inu currency is one of a group of meme coins featuring dogs, the most well-known of which is Dogecoin. These meme currencies, such as SHIB, witness price explosions fueled by a community of devoted investors who pump the token, frequently in reaction to famous mentions of the token, such as Elon Musk. On June 29, 2021, the SHIB token hit an all-time high of $0.00000954 before collapsing.
About SHIBA INU
There was once upon a time a very remarkable dog. That dog was a Shiba Inu, and it prompted millions of people all around the world to engage in tokens featuring the dog’s image.
SHIB is the “DOGECOIN KILLER,” according to the SHIBA INU website, and will be listed on its own ShibaSwap, a decentralized exchange.
Shiba Inu coin was established under the alias “Ryoshi” in August 2020. The charming attractiveness of the meme currency, combined with articles and Tweets from celebrities like Elon Musk and Vitalik Buterin, drew in a community of investors, quickly increasing its speed and value.
Shiba Inu was created as an Ethereum-based alternative to Dogecoin’s Srypt mining method. Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token are among a swarm of dog-themed cryptocurrencies (LASM). Investors who missed the Dogecoin boom from 0.0002 to roughly 0.75 USD have flocked to these lower-valued currencies.
Coinbase, the largest crypto exchange in the United States, added Shiba Inu on its platform on September 17, 2021. Shiba Inu’s price increased by almost 40% in the next two days as a result of this revelation, bringing the meme dog token back into the limelight.
What is SHIBA INU [SHIB]?
Our basic currency, the Shiba Inu token, allows investors to store millions, billions, or even trillions of it in their wallets.
SHIB has been up hundreds of times and is continually growing its reach due to its international reputation and real utility. ShibaSwap, our proprietary DEX, is the first to list and reward SHIB.
You’ll utilize SHIB to DIG for BONES, ShibaSwap, or even BURY your tokens, according to the WoofPaper. “Trainers” may also train their Shibas to SWAP tokens — all of these acts result in “Returns,” which are then deposited in the Puppy Pools, where the #SHIBARMY can BURY or DIGG for BONES.
Dog-themed meme tokens like Shiba Inu had transaction volumes in the hundreds of millions of dollars at the start of May 2021. On May 10, 2021, the Shiba Inu price reached an all-time high (ATH) of 0.00005 before beginning a downward trend.
Who Are the Founders of SHIBA INU [SHIB]?
Shiba Inu was established for three purposes by WoofPaper:
- “We started at the beginning, with zero.”
- “Shib’s great minds have never worked together before.”
- “Shiba Inu Dogs are our favorite.”
- “Ryoshi” is the pseudonym for the Shiba Inu coin’s inventor. However, much like the inventor of Bitcoin, Satoshi Nakamoto, nothing is known about the mystery founder of the dog-themed cryptocurrency.
What Makes SHIBA INU Unique?
The SHIBA INU website enables dog-inspired artists from across the world to participate in the “creative Shiba revolution” by introducing their SHIBA INU community to the NFT market.
SHIBA INU has also launched an Amazon Smile campaign to raise funds for the Shiba Inu Rescue Association, which rescues actual, live Shiba Inu dogs.
Where Can You Buy SHIBA INU [SHIB]?
ShibaSwap is the greatest place to buy and sell SHIB and LEASH, but they’re also available on Uniswap and a growing list of CEXs. Please keep in mind that exchanges that support one may not support the other outside of ShibaSwap.
SHIB is a decentralized experiment, hence we constantly encourage people to use DEXs. If you decide to use a CEX instead, make sure you do your homework first to guarantee it is both safe and secure.
Frequently Asked Questions
How Is SHIBA INU Secured?
SHIB is an ERC-20 token based on Ethereum, a proof-of-work blockchain that is migrating to proof-of-stake, according to the SHIB WoofPaper.
Can I Buy SHIBA INU [SHIB] With Cash?
No. There is no direct method to purchase SHIB using cash. You can, however, utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
Are there any quick ways to buy SHIBA INU [SHIB] in Europe?
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
On what factors does the price of the SHIBA INU [SHIB] Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact SHIB price and market cap.
SHIBA INU Official website – https://shibatoken.com/
SHIBA INU Twitter – https://twitter.com/shibtoken
SHIBA INU Reddit – https://reddit.com/r/SHIBArmy