Still Potential Shiba Inu (SHIB)? Advantages of Shiba Inu Coin How to Buy Shiba Inu Coin
This question is really a big thing in the minds of investors, given how popular the meme token is in 2021, which had brought it to the eleventh position in the largest market cap crypto.
Still Potential Shiba Inu (SHIB)?
Projects that are considered stronger in terms of usability and future, according to many observers, such as Cardano and Solana, are certainly a separate consideration for investment.
While Shiba Inu was still a token meme, these two blockchain projects and several other interesting projects continued to surface.
It's hard to deny, the popularity of the dog-themed token is starting to fade as the hype shifts to the NFT sector, blockchain games and the metaverse.
The policy of the US central bank also played a role in the deep correction that occurred in the crypto market, including the Shiba Inu. This made the hope of resurrecting increasingly slim for him.
If you look at the hype that is the mainstay of SHIB, of course, this will be a problem for the token because its share in these three sectors is still minimal.
Even though they have their own NFT, Shiboshis, Shiba Inu, it seems that they still haven't really found a gap to fill the hearts of investors again.
If we take a look at the developer's vision that will be coming soon this year, which is to bring a layer 2 scaling network, Shibarium and its own metaverse platform, Shiberse, it will certainly be interesting to observe.
These two updates will be able to underpin its upcoming blockchain game, which will embrace three hype sectors this year.
How much this will take the market share, that is what is most eagerly awaited once it is all presented.
Chances are, this will take a while, so a recovery for the SHIB price is still a hope, at least for now.
If you still have hope in this meme token, it's a good idea to put just a few percent in Shiba Inu as a diversification step. Don't use all your money to buy SHIB.
Portfolio diversification is a wise move because apart from SHIB, you certainly need to invest in other projects that also look promising in the long term.
Shiba Inu Coin is a cryptocurrency built on the Ethereum blockchain network like most other crypto coins. Observers predict that Shiba Inu Coin will be a competitor to the first popular coin, namely Dogecoin. The coin's popularity also includes the effects of memes aimed at Dogecoin.
Shiba Inu has also launched three well-known coins including SHIB, LEASH and BONE. SHIB also allows users to store coins of up to billions or even trillions, because the Shiba Inu stock reaches 1 quadrillion.
History of Shiba Inu Coin (SHIB)
Shiba Inu Coin (SHIB) is a crypto coin on the Ethereum blockchain network whose name is derived from the name of a dog in Japan. Shiba Inu later became a symbol of a meme or joke referring to the Dogecoin coin.
Shiba Inu Coin was made by a person who calls himself Ryoshi (his real identity is unknown). Unexpectedly, its recent presence in the crypto world, can make SHIB have an extraordinary market value, up to more than IDR 218 trillion. Until now the Shiba Inu Coin has been considered the “Dogecoin killer” because it has been really successful in the crypto world in a short period of time.
You can visit the official website of this coin at shibainutoken.com. Information on the website states that the Shiba Inu coin is a decentralized coin that is developing into a dynamic ecosystem. There are more than 585 thousand community members and the number is still increasing.
By its founder, Shiba Inu was donated to Vitalik Buterin, founder of ethereum, amounting to 50 trillion HIB or $1 billion dollars. Then the coins were given to the Indian institution COVID Crypto Relief Fund as assistance for needs in dealing with the pandemic. The institution is an amalgamation of many types of cryptocurrencies that are converted into fiat money in India.
Who Founded Shiba Inu Coin?
Apart from Ryoshi as the main founder, Shiba Inu coin is currently managed by a party called WoofPaper. Those who consist of the shiba army exercise various influences on social media such as making memes and communicating internationally. Shiba army is a term for developers, coin owners and fans of Shiba Inu Coin.
Some of the reasons they love SHIBs are because they started from scratch and they love Shiba Inu dogs too. They have also created a campaign to collect donations from around the world, which are used for rescue missions for genuine Shiba Inu dogs belonging to the Shiba Inu Rescue Association.
What is the Stock Amount of Shiba Inu Coin?
Shiba Inu Coin has a total stock of 1 quadrillion or 1 level above trillion. After donating 50% for the COVID-19 pandemic in India, the coin's founder has locked the remaining 50% on Uniswap. Currently Shiba Inu Coin is consistently in the top 20 most popular coins in the world.
Shiba Inu Coin Prospect
The Shiba Inu coin currently has an exchange rate of $0.0005760 aka it has changed thousands of % since its initial launch. The Shiba coin experienced its first rally, after Elon Musk uploaded a photo of his dog Shiba Inu on Twitter. Since then in May 2020, the Shiba Inu coin is up nearly 500%.
Shiba Inu Coin was originally a joke on social media like its predecessor Dogecoin. But it turned out that the joke had an impact on a significant increase in Dogecoin. Crypto watchers also argue that the Shiba Inu coin was created to emulate the success of Dogecoin.
In addition, the popularity of Dogecoin has had a good influence on other meme tokens such as Shiba Inu, BabyDoge Jindo Inu, Alaska Inu and other types of dog tokens. So many people choose SHIB, so they don't lose another chance, as they used to miss Bitcoin and Dogecoin. SHIB is also one of the coins offered at a relatively cheap price. So many beginners who want to try trading or investing in the crypto world choose Shiba Inu as their first coin.
Several world figures are involved in the crypto world, making the price of this token rise sharply and is considered to be able to generate profits in the short term.
Advantages of Shiba Inu Coin
Shiba Inu Coin is unique compared to other types of coins, because it is run 100% by the community. In other words, there is no control from the center or influence from other parties, both private and government. Shiba Inu coin really started from scratch because there is no funding from investors, no central development team or led by a particular party.
From the various information and opinions of cryptocurrency experts that we have summarized, SHIB is predicted to continue to grow like other popular coins. Moreover, the support of the shiba army is working to make shiba more popular. Shiba Inu also owns the Shiba Inu Incubator which creates Shiba Inu rescue programs such as through the Amazon Smile platform and the NFT program.
You just need to observe the trend by buying at the right time and paying attention to the various risks of investing in cryptocurrencies.
Shiba Inu Coin Risk
Investment activity is something that is all determined by the market, trends and many other factors. Likewise with cryptocurrencies, no one can guarantee that each coin will rise in the future and generate profits for the owners. what you can do is always look for the latest information and do in-depth research about the investment instrument itself.
Investing in crypto is very risky and speculative because it has no underlying value. The coins you buy also cannot be guaranteed to be converted back into cash. Coins that can be used to pay bills or buy certain products, initially depend on market supply and demand.
So for those of you who want to get involved and start buying coins, you should do it carefully and use money reserves that are not for daily needs.
How to Buy Shiba Inu Coin
For those of you who are interested in investing in Shiba Inu Coin, you can buy it via Shibaswap or if you want it easier, you can use crypto exchange applications such as Binance, Voyager, Atomic Wallet, Indodax and many more.
Here's how to buy Shiba Inu Coin on Indodax:
- Go to the indodax.com site
- Create or register an account
- Make a deposit via the Funds menu, then click on the IDR wallet
- Enter the funds as desired
- Then select the USDT market, because SHIB is not yet available in the IDR market.
- Search Shiba Inu Coin, with token code SHIB
- Press the Buy button and enter the desired number of coins and the bid price
- You can only use USDT coins for SHIB purchases
- After the transaction is matched, you can see the number of SHIB coins in the Funds menu
