What is Shiba Inu Coin?
You have to do your own research before investing in cryptocurrency. Stock market and cryptocurrencies are very volatile. You should invest that you can afford.
Many people started to talk about Shiba coins because of the Dogecoin pump. It started to gain attention from investors and many people. This coin uses the same mascot with Dogecoin, and they are similar to each other because both started as a meme coin and they have many common things with each other. Shiba Inu coin is like a new version of Dogecoin. Ethereum founder and the investor Vitalik Buterin donated 1-Billion-dollar worth of this Shiba Inu meme coin.
Dogecoin Killer Shiba Inu Coin
This coin launched in the third quarter of 2020 however it just started to see growth. Elon Musk was on the popular Tv Show Saturday Night Live and after that appearance, people expected to see a big growth in Dogecoin. It did not happen. Dogecoin crashed but Shiba coin has pumped. The investors and founders describe it as a “Dogecoin killer coin” and they think that it can outpace Dogecoin. Sometimes people called it Shiba Token, described as a “joke”. It has that growth potential. It is listed with the symbol “SHIB”. It uses the Ethereum network like many other cryptocurrencies therefore it is a well-established place for cryptocurrency.
Where can I buy Shiba Inu coins?
You have to choose big exchanges to invest your money because small exchanges might not give you the trust that big ones give. Binance is the most popular exchange in the whole world, and it is home for smaller cryptocurrencies too. That is the goal for a lot of cryptocurrencies to get listed on Binance because Binance is choosing the higher quality coins. On May 11, Binance announced that they will list Shiba Inu innovation zone. It is open for trading. It is the greatest new for Shiba Inu coin.
Do not forget that Shiba Inu Coins are more volatile than others therefore you can see significant changes in a few minutes.
Whether you are looking to invest or diversify your portfolio, you should be aware of the risks. Crypto markets are mostly driven by speculation and everything can change because of its volatility. You must be careful about meme coins.
How to Buy it?
Firstly, you need a Binance account. You can use apps or websites. Once you sign up and log in you will see the main page. You will see the button on the left top which says, ‘buy crypto’. You have to click that button and choose a credit, debit card or bank transfer account. Then a new page will come, and you can choose the currency you want to use and the coin you want to deposit in that page. You will have to write how much you want to deposit. You have bought your first Shiba Inu coin.
What is The Current Price of Shuba Inu coin?
Shiba Inu coin is trading nearly the level of Dogecoin. Holders gained a lot from this coin in the first quarter of the 2021.
We have seen great growth for Shiba Inu coins in the past few days. It climbed from $0.000001 to $0.000019 in one day. Now it is currently about $0.000032. This represents the growth of 3,300%. It is very noticeable so investors and people who are following the cryptocurrencies started to talk and think about it quickly. Ethereum founder Vitarik holds $15 Billion worth Shiba Inu Coin. It is not like other cryptocurrencies such as Bitcoin or Ethereum because it was not created to provide real benefit it is just growing because of the hype of meme coins