Shiba Inu Coin Cryptocurrency is in the same discussion as Corona Virus. If you open youtube or Twitter and see, that Shiba Inu Coin and DogeCoin are two cryptocurrencies, that are being talked about everywhere. Why is this happening now? Why are both in so much discussion? And more important questions like what is? How does it work? You will find answers to such vital questions about how to buy in this article.
So if you also want to know the answer to all these questions, read this article until the end. After reading this article, you will get all the information.
What is the Shiba Inu coin?
The coin was launched less than a year ago and is named after the Shiba Inu, a Japanese dog breed. The cryptocurrency trades under the SHIB symbol and is an alternative investment to Dogecoin.
The Shiba Inu coin is made from Ethereum. It has become the fastest-growing cryptocurrency in the market. Before this, Dogecoin has made quite a name for itself. Shibu Inu Coin has achieved a massive milestone of 2225 percent growth in the recent seven days.
Very few people may know about Shibu Coin, a recently popular cryptocurrency. If we talk about Dogecoin, then it is also very much discussed. It can be said that the Shibu coin must have been created in opposition to Dogecoin. Shibu Coin is a community-based crypto token. It is also known as meme token. The rank of this coin is currently 15th.
Its volume for the last 24 hours is about 1.40 trillion. Talking about the last 24 hours, its quantity has increased very fast. If we talk about its last price change, it has increased by 160 percent in 24 hours. And in the last seven days, it has increased by 2225 percent. In the last seven days, whoever bought this coin has made a good profit. This coin has made it’s market very fast, and its price has become very high, so investing in it can be risky.
When was the Shiba Inu launched?
The Shiba Inu coin was launched on August 20, 2020, by a stranger named Ryoshi. This is a meme coin which means it is made for fun style.
This coin is built on the Ethereum blockchain. Tesla company CEO Elon Musk had tweeted about it, due to which its price has increased significantly.
The father is an unknown person named Ryoshi. Who it is, is not yet known. But it keeps on giving regular updates on social media. At this time, he can be seen on top of 2 social media platforms. The first is Twitter and the second is Medium.
Shiba Inu token
Coin is a decentralized cryptocurrency codenamed “SHIB.” It is also known as the Shiba token. Shiba Inu Coin was created in August 2020 by an unknown person. The Shiba Inu coin is also a meme coin like the Dogecoin. I thought carefully; this token is made by looking at the Dogecoin.
Shiba Inu Coin is not like any other Cryptocurrency. Where most other cryptocurrencies are allowed to be bought only in limited quantities, they have to be mined with the help of expensive and heavy hardware. On the other hand, the Shiba Inu coin can be bought as much as you want. You can buy this coin for billions of trillions of rupees.
Let us tell you that the Shiba Inu Coin is named after a Japanese dog. While the Doge Coon adopted this dog’s face, the Shiba Inu Coon named it. By the way, Shiba Inu is a Japanese dog that is heavily hunted.
History of the Shiba Inu Coin
Shiba Inu coin was made in August 2020; it was made by looking at the hoax coin; who is the person who made this coin? It is not known to date or can also say that some unknown person made this coin was created. Has been made. The price of this token was negligible until the token reached $0.0000002 on April 20. The cost of this token exceeded $0.000009 on May 9 and gained $0.0000388 on May 10.
According to CoinMarketCap, where all coin information is available, the market capitalization of the Shiba Inu had reached $13 billion as of May 10, making the coin number 14 in the entire cryptocurrency market. Its value fell when Vitalik Buterin (founder of Ethereum) donated a $1 billion Shiba Inu coin to the India COVID Relief Fund.
How much is a Shiba Inu coin?
The total number of Shiba Inu tokens is 1,000,000,000,000,000 SHIB tokens. Out of which, only 50 percent of it is in circulation in the market. As of October 27, 2021, 394,796.00B, SHIB is in circulation when writing this article, as per Coin Market Cap.
Shiba Inu coin price today
According to the Coin Market Cap website, as of today, December 17, 2021, is priced at $0.000033, and the 24-hour trading volume is $939,315,181.
Now, after knowing so many things about the Shiba Inu coin in Hindi, you would like to know how to buy the Shiba Inu coin. And what is even more curious is what the future will cost Shiba Inu. So let us know about these two things one by one.
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How to buy Shiba Inu coins?
Buying a Shiba Inu coin is very easy. You don’t need much for this. But one thing must be known if your age is above +18 years. Only then will you be able to buy this coin.
To buy Shiba Inu Coin, follow the steps below:
- Register on Cryptocurrency exchange: You need a cryptocurrency exchange to buy any coin. Just as there are banks for money, there are crypto exchanges for cryptocurrencies. So first of all, register on it.
- Find Shib in WazirX: I agree that you have registered on WazirX. So, according to that, I am telling you how to buy a Shiba Inu coin. It doesn’t matter if you have registered on a crypto exchange other than WazirX; the process is normal. So now, after registering, go to the search box and search SHIB. The first coin to be seen there will be the Shiba Inu coin.
- Buy coins: You can now buy as many Shiba Inu coins as you want by placing an order.
Note: We recommend that you research before investing in cryptocurrency; Care4dog.com is not responsible for your profit and loss.
The future of the Shiba Inu coin
The Shiba Inu coin, better known as a Dogecoin spin-off, began as a joke. But so far, it has given very high returns.
According to analysts, the price of the Ethereum-based MEM token could quickly double if the cryptocurrency market recovers from the recent crash.
FXStreet reported, “Despite nearly two weeks of consolidation, SHIB has overcome indecision, making many rich after a more than 55 per cent rise in market value from its bottom.
Capitalization reaches $300 billion. So it can be said that perhaps by 2025, its price will reach ₹ 1. There is no confirmation on whether it will cost ₹ one at this point. But there is one thing that if you keep it with you for a long time, then this coin can give you a lot of profit.
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What is a meme coin in cryptocurrency?
Meme coins are essentially cryptocurrencies inspired by jokes (i.e., memes) on the Internet and social media. The first and most popular cryptocurrency of this kind is Dogecoin, created in 2013. DOGE was created as a parody; however, it is successful crypto today.
According to CoinMarket, Shiba Inu Coin has become the 32nd most valuable cryptocurrency by market cap.
In recent weeks, it gained worldwide attention after a crypto billionaire donated a $1 billion Shiba Inu coin to aid India’s COVID-19 relief.
Then earlier this month, the New York family’s $8,000 investment in Shiba Inu coins reportedly pulled $9 million into their wealth within a few months, the insider reported.
Although the future of the Shiba Inu coin is uncertain, experts are optimistic about the cash.
If you want to know the future of any token or coin, you have to see the use of of that token; if that token is used for some work that eliminates the problem of a large population, then Such a token or coin has a promising future.
But the Shiba Inu is not used for any work at this time, which will solve the people’s problems. Therefore the future of Shiba Inu is not entirely secure.
You must be very careful to invest in such tokens and coins; otherwise, you will lose all your money.
According to the Daily Express report, some analysts say that the price of the Shiba Inu coin could reach $1, but it is not clear when this date will be.
Know Everything Whether to Invest in Shiba Inu Coins
In today’s time, everyone wants to know about cryptocurrency. While new names of new cryptocurrencies are being heard every day, another name is becoming very popular, namely Shiba Inu Coin. This has been in the news recently before Dogecoin was in the information a lot.
This coin is believed to have been created in opposition to Dogecoin. But there are already a lot of popular cryptos like bitcoin, which is the most heard name. Perhaps you have also listened to the name of a cryptocurrency for the first time; then it would be bitcoin. But recently, both this crypto Dogecoin and Shiba coin have made their own identity in the market.
It would be fitting to invest in these currencies in such a situation. Right now, there will also be a fear that the Indian government may not ban it. How safe it is or cannot be said in such a situation. This coin made of Ethereum is making its place in the market very fast. So let’s know what Shiba Coin’s friends are. Why is this so much talked about? How to buy it and whether we should invest in it or not.
There are many types of cryptocurrencies today, of which names like bitcoin Ethereum are well known. But in today’s time, their price has increased a lot. And investing in them is also not a good idea right now. Because you guys keep hearing day by day that today the price of bitcoin has fallen, and its cost is not stable at all. But if you invest in any new type of crypto, you will get that cryptocurrency at a lower price. Also, when their value increases in the future, you will get more profit.
The information on this website is not investment advice, financial advice, or business advice. Care4dog.com does not recommend buying any cryptocurrency coin. Crypto markets are highly volatile, and cryptocurrency investing is risky. Readers should research cryptocurrencies and consult their financial advisors before making any crypto investments.
After reading this Shiba Inu coin Cryptocurrency article, I hope that all the questions related to Shiba Inu Coin will be over in your mind. So friends, how did you like our information? You must tell us by comment and also share this post with your dear friends so that they too can know about this new Shiba Inu coin crypto. And you can invest in it.