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What is Shiba Inu Coin? – Price, buy, and More

What is Shiba Inu Coin? – Price, buy, and More

Shiba Inu coin launched in August of 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 describe as the “joke” by some. That can seem uncharitable.

And the reality is that joke 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 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 the 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 list 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 the number of smaller cryptocurrencies that services such as Coinbase don’t currently include — Dogecoin among them.

What is ShibaSwap?

  • ShibaSwap is the Shiba Inu project’s own decentralized exchange cryptocurrency, where we can trade other crypto for Shiba Inu coin and vice-versa.
  • Also the backers of the coin describe it as the “safe place to trade our valuable crypto while remaining decentralized.”
  • The service yet to launch, and anyone considering using it must research its suitability first. If we are using existing coins to buy Shiba Inu then we can at risk of losing money.

Also Read: What is Tezos? – Understanding, Different, and More

Also Read: What is IOTA? – Definition, Valuation, and More

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