What is Shiba Inu coin used for?

Definition of Shiba Inu coin

Shiba Inu coin was launched in August 2020, but it only recently enjoys enormous growth.

And some crypto fans expected to see Dogecoin rocket in value, possibly even making it past the dollar 1 barrier.

And instead, it crashed from around dollar.70 to 0.42 following Musk’s TV appearance and yet to rebound by much.

Also, Shiba Inu, in contrast, has rocketed. In the Shiba Inu coin’s wood paper (a whitepaper, with the doge theme). And describe it as the potential Dogecoin killer because it can “outpace the value of Dogecoin.

And exponentially, without ever crossing the dollar 0.01 value.” Currently, the Shiba Inu coin is worth significantly less than that.

Sometimes called the Shiba Token, the Shiba Inu coin is described as a “joke” by some. That can seem uncharitable.

And the reality is that jokes are not, also it the potential to grow in value, especially if people continue to pour money into it hoping for a big return.

What is the Current Price of Shuba Inu Coin?

Shiba Inu experienced stratospheric growth last week. As recently as last it was valued at a high of dollar 0.000039, but it’s since dropped back sharply and is currently worth about dollar 0.000016.

That can not sound like much — and indeed, it is not — but it represents growth of 1,500% in just a few weeks, and that’s enough to cause people to sit up and take notice.

Where can we buy Shiba Inu Coin?

Binance just announced that it lists the currency for sale. And its important, as smaller exchanges can not take the same level of consumer trust and confidence of larger outlets.

Also binance is home to a number of smaller cryptocurrencies that services such as Coinbase don’t currently include — Dogecoin among them.