What is the future of SHIBA INU

Shiba Inu (SHIB), is a decentralized cryptocurrency created in August 2020 by an anonymous person or persons known as "Ryoshi". It is also informally known as Shiba Token.

Shiba Inu (柴犬) is a Japanese term for a breed of dog; it is the dog that is depicted in Dogecoin's symbol, which itself was originally a joke cryptocurrency based on the Doge meme.

Shiba Inu was created in August 2020, dubbing itself the 'dogecoin killer'. On 13 May, Vitalik Buterin donated more than 50 trillion SHIB (worth over $1 billion at the time) to the India COVID-Crypto Relief Fund.

The exchange price of the cryptocurrency notably surged in early October 2021. Initially it increased over 55% after rumors of the launch of a decentralized exchange, its value continued rising with an increase of 240% over the week.

According to CoinMarket Cap, the live SHIBA INU price today is $0.000072 USD with a 24-hour trading volume of $8,878,562,584 USD. SHIBA INU is up 5.84% in the last 24 hours. The current CoinMarketCap ranking is #9, with a live market cap of $39,527,771,748 USD. It has a circulating supply of 549,095,509,738,353 SHIB coins and the max. supply is not available.According to the SHIBA INU website, SHIB is the “DOGECOIN KILLER” and will be listed on their own ShibaSwap, a decentralized exchange.

As said earlier, this coin was created anonymously in August 2020 under the pseudonym “Ryoshi” The coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and Tweets from personalities like Elon Musk and Vitalik Buterin.

Shiba Inu pointed to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm. Shiba Inu is part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD.

On Sept. 17, 2021, Coinbase, the largest US-based crypto exchange, listed Shiba Inu on their platform. This news caused Shiba Inu price to rise by over 40% in the following two days, bringing the meme dog token into the spotlight again.

Frequently asked questions

Who Are the Founders of SHIBA INU?

The anonymous creator of the Shiba Inu coin is known as “Ryoshi.” However, very little is known of the mystery founder of the dog-themed cryptocurrency, much like the founder of Bitcoin, Satoshi Nakamoto.

What Makes SHIBA INU Unique?

The SHIBA INU website invites dog-inspired artists from all over the world to foster the “artistic Shiba movement” as they bring their SHIBA INU community into the NFT market. SHIBA INU has also created a campaign using Amazon Smile in order to collect donations for rescue real, live Shiba Inu dogs with the Shiba Inu Rescue Association.

How to Buy SHIBA

SHIB and LEASH are best purchased and sold through ShibaSwap, but can also be found on Uniswap and an ever-growing list of CEXs. Please note that, outside of ShibaSwap, exchanges which support one may not support the other. SHIB is a decentralized experiment and, as such, we always incentivize the use of DEXs. If you choose to utilize a CEX instead, remember to research it first to ensure it is both safe and secure.

Is SHIB a good investment?

Everyone knows how bitcoin started, and it’s now the largest crypto currency worldwide, No one would want to miss the same opportunity with the other growing coin. However, for anyone willing to hold a crypto coin for a long period of time, SHIB would be great investment, looking at how the coin skyrocketed in the last few weeks, it does have a bright future. Elon Must predicted this coin might erase three zeros before this year ends.