What is a Shiba Inu coin (SHIB)? Is it worth investing in 2024?

Shiba Inu (SHIB) or Shiba Token is a decentralized cryptocurrency created in August 2020 by “Ryoshi”. The Shiba Inu coin is named after the dog breed to Dubbed the “Dogecoin Killer” on the internet, it uses the Ethereum blockchain like other cryptocurrencies, with Ryoshi providing 1,000 tokens, a five-fold increase.

This is to donate Shiba Inu coins worth a trillion US dollars to India. To help contain the spread of COVID-19 before “burning” all of the 40% reserve coins into the wallet, Bitcoin is currently trading at around $46,000 per coin, while Shiba Inu is trading at Approximately 0.00000671 USD per token And there are other coins. In the Shiba ecosystem, such as LEASH and BONE are designed to be perfectly compatible.

Shiba Inu is a cryptocurrency launched in August 2020 on UniSwap. The project was created to capitalize on the popularity of Dogecoin. There are 1.4 trillion SHIB tokens. And the developers sent 50% of those tokens to the wallet of Ethereum co-founder Vitalik Buterin in May 2021. Buterin donated 50 trillion SHIB tokens to charities. and burned 410 trillion tokens It states that he does not want the responsibility of holding a large number of tokens belonging to other projects.

Shiba Inu (SHIB) latest news update

The Shiba Inu Trading Group (SHIB) has recently released an update to the Metaverse. This created great excitement among SHIB investors. And it will certainly have an impact on greatly increasing the momentum of Shiba Inu coin trading once completed. This is an update that affects both current and future SHIB investors. If this project is completed It can be guaranteed that it will definitely create momentum for the coin's price.

In addition, more than 37 million tokens have already been burned. This strategy is intended to attract the attention of crypto investors. Although the digital market will definitely have challenges, But the coin's price has increased more than 170% over the past month. It can be said to be a good sign of support for Shiba Inu coin (SHIB) investors.

Shiba Inu Coin (SHIB) has whale investors investing in giants, investing the highest value of more than 23.5 million dollars in just 2 months. This caused the price to surge to a high of $0.000045, creating great profits for large investors. In addition, there are still active investments at the price of 0.00009 USD, and now there are more than 500 million Shiba uni investors. Traders can participate in the trade at the price of 0.000029 USD. Allah

Popular trend of Shiba inu

Shiba Inu enters prime time with remarkable value increases An increase of over 1,500% in a single week. After being listed on multiple trading platforms including Binance and CoinCDX specifically, it has been listed on MCX, CoinGecko and Uniswap, bringing the total number of Shiba Inu (SHIB) holders to over 310,000. According to information appearing online, $SHIB has recently been able to successfully beat Doge and Safemoon to become the most popular coin in the community.

The SHIB coin is also sponsored by the Shiba Army, as evidenced by the number of accounts created on Twitter related to the Shiba Inu (SHIB). There is also interest from prominent figures in society, such as bodybuilder Kai. Greene, Preston Williams of the Miami Dolphins, and Rashard Higgins of the Cleveland Browns. Moreover, it is believed that Shiba Inu may have indirectly benefited from Elon Musk mentioning Dogecoin on SNL, which resulted in the price of Dogecoin falling beyond 40% and making other options such as SHIB available. Even more interesting

Although $SHIB's fundamental value may still be low, the development demonstrates the founder's belief that SHIB is a social experiment in building a community and understanding the online behavior of risk-seeking investors. Higher than just financial investment However, even SHIB may not be as popular as Dogecoin in terms of market size. But it shows its usability and appeal across the industry. General Cryptocurrency

Shiba Inu coin price analysis (SHIB)

Of course, cryptocurrency prices are constantly changing. The current price of the Shiba Inu coin (SHIB) is 0.0000079 dollars, which is worth the price of the Shiba coin. The market is trading at $4.72 billion. The SHIB coin's potential is tied to the market capitalization of all cryptocurrencies. If the crypto market cap reaches $3 trillion

If SHIB maintains its current price of 0.36%, the coin's price could rise to $0.0000184383. Recently, the Shiba Inu price dropped by more than 20% after adding a triangle amid a surge in meme buying. Shiba inu price extended 10% decline as liquidity swept below the $0.000025 threshold.

The 2025 Shiba price is expected to fall between US$0.00002578 on the low end and US$0.000122 on the high end. In 2025, the Shiba Inu could see its value increase by 381.70% from the current price. The price range for Shiba Inu is currently $0.00006527. for the lowest level and 0.000106 USD For the upper level, in 2030, assume the Shiba Inu achieves its higher price objective. The potential gain at current prices through 2030 is 317.66%.

Secret tips for trading Shiba Inu coins (SHIB)

Currently, the Meme coin market is very popular. Because it plays an important role as the starting point for starting your digital wallet. New investors interested in entering the world of cryptocurrencies may find investing in Meme coins an attractive option. Because it is fun and interesting, in addition, the price of investing in Meme coins is usually cheaper than other crypto coins. This is one of the reasons why investors are interested in investing in the digital market. Therefore, we have compiled Shiba token investment techniques here for you to read and study further.

Follow the trend of Shiba Inu coin (SHIB)

For gamblers who missed out on the Dogecoin meme coin, they are rushing to find a coin that has the potential to make money in the future. Indeed, SHIB appears to be perfectly positioned to enter the market. To increase and capture this demand trend As this coin has seen impressive growth since its inception, the Shiba Inu has a market cap of +$13.2 billion. Of course, each platform They have also increased in value by 39,357% over the past 30 days. The growth of this coin Able to increase more than +2,000,000% Since its launch at the end of last year Most of the profits of this coin It is also a result of the record rate at which tokens are being listed on major exchanges.

Check Shiba Inu (SHIB) market liquidity

Shiba Inu Coin (SHIB) traders have access to many major exchanges, with each exchange listing helping to further increase the price of the SHIB coin. For example, one of the platforms where you can trade this coin, Binance, lists the SHIB price. of tokens has also doubled. What's even more impressive is that Changpeng Zhao, Binance's CEO, said: The exchange ran out of ETH deposit addresses due to SHIB today. This is obviously the first time this has happened to an exchange.

Prepare for Shiba Inu Risk Management (SHIB)

Bettors must take into account this important thing. You need to understand that the Shiba Inu coins with the starting point Shiba inu coins are great prices. However, such betting platforms are still new. At this time, all investments are mostly speculative. Changpen echoes these thoughts when he calls the project exciting. But it can be called “This is also very high risk.” The key for Shiba Inu (SHIB) is to capture this momentum and expand it further to expand the ecosystem.

Should I invest in Shib coin?

Overview from interesting new projects, such as Shiba Inu stocks that present the Metaverse Shiba Inu, which became a trend at the beginning of last year. The launch of Shiberse is a special metaverse world. It also has interesting features such as crypto coins, virtual real estate or games. It can be an important project. This greatly affected the price of Chiba coins. There is a chance that the Shiba coin's price will increase to a level of approximately 0.000031 USD. Therefore, if anyone wants to invest in this coin, they should consider the entry and exit points carefully. Therefore, you need to follow the market at all times. To prevent the risk of losing assets from investing in coins. Traders can purchase coins at Bybit, Paybis, Bitpanda, bit2me, Coinbase, Binance, CexIO, and PrimeXBT, among others.

Frequently asked questions

Q: How does a Shiba Inu work?

A: Shiba Inu Coin (SHIB) is a token based on the Ethereum blockchain. As it is an ERC-20 token, it is secure. Fully supported by the Ethereum ecosystem that is used to develop the Dapp, it is the largest decentralized token in the world today. The platform supports over 200,000 tokens, with thousands of networks built on top of the Ethereum infrastructure, with the SHIB token being built on top of this.

Q: Where can I buy Shiba Inu Coins?

A: For traders who want to buy coins through an intermediary platform. You can choose to invest in Chiba coins at Binance Exchange and Coinbase Exchange, both of which are the most used exchanges in the world. There is also a variety of functions to use. It is also open 24 hours a day.

Q: What drives the price of Shiba Inu coins?

A: There are many variables in the cryptocurrency market that can affect the price of a Shiba Inu coin. The key factors influencing the value of a Shiba Inu are market supply and demand. The demand for recognition of SHIB coins is price sensitive. Other important events An important factor plays an important role in Shiba Inu price changes. Another important factor is Investment by large investors

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