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SHIBA INU Coins: Should you Invest in SHIB?

Shiba Inu’s (SHIB) price jumped by 91% in just 24 hours after Tesla CEO Elon Musk tweeted pictures of his pet Floki, the Shiba Inu puppy, riding on a Tesla on October 4, 2021. The volume has increased 770% in just 1-day. That’s a stupendous performance. 

Now, the question is whether to buy SHIB or not. Should you buy SHIB? Is it safe? If you are looking for the answer to these questions, let me walk you through what the Shiba Inu coin is and whether you should invest in it. 

What Is SHIBA INU Coins (SHIB)?

Shiba Inu dogs are highly popular among dog lovers. This dog-themed crypto coin has become extremely popular, inspiring millions of people across the globe to invest money into this token. The SHIBA INU website calls itself the “DOGECOIN KILLER” and will be listed on its own decentralized exchange called ShibaSwap. 

SHIB coins were created anonymously under the pseudonym “Ryoshi” last year in August 2020. This coin gained recognition quickly and a slew of investor communities was drawn towards it. This coin, as per its creators, has been introduced due to 3 reasons:

  1. “We started from zero, with zero.”
  2. “The brilliant minds behind Shib had never collaborated before.”
  3. “We love Shiba Inu Dogs.”

Personalities such as Elon Musk and Vitalik Buterin have regularly mentioned or indicated Shiba Inu in their tweets. This helps the price of this dog-themed coin to rise to prominence. 

Shiba Inu tokens are Ethereum based coins that were listed to the largest US-based cryptocurrency exchange, Coinbase, on September 17, 2021. This made its price jump by 40% in just 2-days. It is at this moment, the meme dog token got into the spotlight. 

What’s so Special about Shiba Inu coins (SHIB)?

The unique thing about the Shiba Inu coin is that this token’s website invites dog-inspired artists to foster the “artistic Shiba movement” for bringing the SHIB community into the NFT (nonfungible coin) market. What’s amazing about this SHIBA INU network is that it has created Shiba Inu Rescue Association for rescuing real, live Shiba Inu dogs. For this, a campaign has also been created by using Amazon Smile for collecting donations. 

Shiba Inu Coins (SHIB): Facts & Figures

All these facts and figures will help you to make a decision on investing in SHIB:

  • SHIB cryptocurrency current price: US$0.00002386 (as of Oct 6, 2021)
  • Trading Volume (24h volume): US$15,089,113,091 (as of Oct 6, 2021)
  • All-Time High (ATH) Price: US$0.0000388 (reached on May 10, 2021)
  • All Time Low (ATL) Price: No Data (Aug 27, 2020)
  • 24h Low: US$0.0000158 (as of Oct 6, 2021)
  • 7d Low: US$0.00000691 (as of Oct 6, 2021)
  • YTD (Year-To-Date) Return: 0% (Jan 1, 2021 to Oct 6, 2021)
  • Market Cap: US$9,481,150,005
  • Crypto Rank (in terms of market cap): 21
  • Fully Diluted Market Cap: US$22,660,778,186
  • Max Supply: ---
  • Total Supply: 1,000,000,000,000,000
  • Circulating Supply: 394,796.00 Billion SHIB

How Is the SHIBA INU Network Secured?

The 22-page long WoofPaper of SHIB says that this coin is an Ethereum based ERC-20 token. Currently, it is a proof-of-work blockchain. However, it is in the process of transition to proof-of-stake blockchain technology.  

Shiba Inu Price Prediction 2025

The price of each SHIB coin is hovering around US$0.00002386 currently. Experts believe that the Shiba Inu coin price will increase by 12,000,000% and is expected to hit US$1 by 2024-25.

Where Can You Buy SHIBA INU Coins (SHIB)?

You can buy SHIB in almost all reputed cryptocurrency exchanges including:

  • Coinbase
  • Binance
  • Huobi Global
  • Gate.io
  • Mandala Exchange
  • OKEx
  • FTX
  • Uniswap (V2), and many other cryptocurrency exchanges

You can use credit cards, debit cards, or bank account transfers to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange. The most popular price pairs of SHIB are:

  • SHIB/USD
  • SHIB/GBP
  • SHIB/AUD
  • SHIB/EUR

Where to Store Shiba Inu Tokens (SHIB)?

The best Shiba Inu wallets to store SHIB are:

  • Ellipal Titan (Hardware Wallet)
  • Coinbase Wallet (Software Wallet)

Invest in Shiba Inu (SHIB) and Other Cryptocurrencies

You can buy and sell Shiba Inu (SHIB) and other cryptocurrencies against various fiat currencies (US Dollar USD, British Pound, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs, and bitcoin cash markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility. 

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit. 

You can also diversify your crypto coin portfolio by including other cryptocurrencies such as BCH, BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others. 

Also, invest in various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return. 


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