What is Shiba Inu Coin? What is the future of the Shiba Inu ? Next Dogecoin?
In today’s time cryptocurrencies such as Shiba Inu and Dogecoin are making a lot of noise if you also want to know what is Shiba Inu coin ?
So you have come to the right place because in this post I will tell you the answer of your question in an easy way – Future of Shiba Inu Coin ?
What is the future of the Shiba Inu? – Future of 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 this Ethereum-based MEM token could quickly double if the cryptocurrency market recovers from the recent crash.
“Despite nearly two weeks of consolidation, SHIB has overcome indecision, making many rich after a more than 55 percent rise in market value from its bottom,” FXStreet reported.
What Is Shiba Inu Coin?
What is a mime coin?
Mime coins are essentially cryptocurrencies inspired by jokes (ie memes) on the Internet and social media. The first and most popular cryptocurrency of this kind is Dogecoin.
which was created in 2013. DOGE was created as a parody, however today it is a successful crypto.
The Shiba Inu coin has become the 32nd most valuable cryptocurrency by market cap, according to CoinMarketCap.com .
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, a New York family’s $8,000 investment in Shiba Inu coins reportedly pulled in $9 million in assets for them within a few months, the insider reported.
What is the future of the Shiba Inu? Shiba Inu price prediction?
Although the future of the Shiba Inu coin is uncertain, experts are optimistic about the coin.
In fact, if you want to know the future of any token or coin, then you have to see what is the use of that token, if that token is used for some work which eliminates the problem of large population, then such token or Coin has a good future .
But the Shiba Inu is not used at this time in any such work that will solve the problems of the people. Therefore the future of the Shiba Inu is not completely secure.
If you invest in such tokens and coins then you should be very careful 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.
“With the rise of cryptocurrencies today, we are seeing groups of anonymous individuals experimenting with the democratization of money and the Shiba token is a symbol of this new trend,” said Gazmerian.
Some observers are more cautious. Nigel Greene, CEO of Devire Group, told the Daily Express: “Extreme caution should be exercised before investing in untested cryptocurrencies.”
When was the Shiba Inu launched?
Shiba Inu Coin was launched on 20 August 2020, it was created by a stranger named Ryoshi. This is a meme coin that means it was made for a funny 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.
How to buy Shiba Inu coins?
Buying a Shiba Inu Coin is quite easy:
- First download the coinswitch app
- After that complete your KYC by signing up in coinswitch app
- Now add money to your coinswitch kuber account
- After that buy Shiba Inu coin
Note: We recommend you to do your own research before investing in cryptocurrency, KRCofficial is not responsible for your profit and loss.