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.
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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.
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.
Shiba Inu was established for three purposes by WoofPaper:
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.
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.
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.
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.
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.
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 Medium – https://medium.com/@allhailtheshiba/all-hail-the-shiba-an-experiment-in-decentralization-87e3792e92f2
SHIBA INU Reddit – https://reddit.com/r/SHIBArmy
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