What is Shiba Inu Coin & How does it work?

There are not as many popular cryptocurrencies in our country and the whole world in today’s time. In so much discussion, the coronavirus is happening. If you look online digitally, you will often hear the same thing as Shiba Inu Coin and Doge Coin in many places.

The ceiba inu coin has been gaining popularity for a long time now. Today the person in whom this crypto coin has been created. It has also been claimed that it will surpass the Shiba Inu coin, even the Dogecoin. Because of this, Shiba Inu coins are also known as Dog Coin Killers. When it was withdrawn, its price in the market used to be 0.5.

Today after coming into the market, it has given returns to people more than 400000 times. And it has been stable for a very long time. There has been no fluctuation in its prices for a long time. Today, we will tell you what Shiba in the coin is and the advantages and disadvantages of the Shiba Inu coin. When was it started? Let us know what Shiba is in the coin, how it works, and its information.

What is the Shiba Inu coin?

Shiba Inu Coin is a cryptocurrency, and it works on decentralisation. It is also known by the code name SHIB. Apart from this, it is also known as a token. Shiba Inu Coin was created in August 2020 by an unknown person. The Shiba Inu coin is also a meme coin, just like the Doze coin. And it was created by looking at Dogecoin.

The Shiba Inu coin is not like any other cryptocurrency. Where most other cryptocurrency is allowed to be bought in a limited form, it has to be mined with the help of expensive and heavy hardware. On the other hand, Shiba Inu Coin can be bought by any person as per his wish. You can also buy them in the number of trillions of trillions together.

The Shiba coin was named after a dog from Japan.

History of Shiba Inu coin

If we talk about Shiba Inu Coin, it started in August 2020, or we can say it was made in 2020 itself. That too, Shibu inu coin was made by looking at the dosage. What has been the primary purpose of the person who made it? To date, it is not known, or it can also be said that an unknown person has made it? When this coin initially came into the market, its value used to be negligible. This token got 0.00002 dollars for the first time on April 20.

After that, on May 9, the price of this token increased further. Then on May 10, the coin reached a cost of $0.000388. Suppose we talk about the coin market cap, where all the cash is readily available to the person. Thereby May 10, the market capitalization of the rest of the people had reached $ 13 billion. Because of this, this Shiba Inu coin went to the entire cryptocurrency market on November 14. By then, its price had fallen to a superficial level. When Vitalik Boots Ariane, the founder of Ethereum. He donated one billion dollar Shiba Inu coin to them in the covid relief fund of India.

What is Shiba Inu Token?

The Shiba Inu token was introduced only recently due to the Corona epidemic. Initially, this token used to be the meme token also called the dog killer. But the speed with which this cryptocurrency took off in May 2021, people have earned millions of crores of rupees by trending it a lot. Subsequently Vine has started trying to remove the tag of Memo Token from the top, and recently Shiva Swap has been launched. Apart from this, its listing has also begun in big exchanges like CoinBase. The Shiba Inu Coin is present today on the currently lying express platform.

How much is a Shiba Inu coin?

Shiba Inu tokens are 1000,000,000,000,000 SHIB total tokens. Due to this, only 50% of this is in circulation in the market. According to the coin market, as of May 25, 2021, only 394,796.00B SHIB was running in circulation.

Difference between Shiba INU and Dogecoin

The Dog Coin and the Shiba Inu are built using the same technology. Ethereum creates the Shiba Inu token. non-fungible tokens such as the Shiba Inu are the erc20 token and use the Ethereum platform’s standard erc721 token. The official website of the Shiba Inu also mentions that the Shiba Inu token is their first coin ever created.

And also allows users to keep billions of trillions of them. According to Shiba Inu’s website, more changes may come. They are planning to launch the next coin bone dogecoin killer in the future.

Buy Shiba Inu coin in India

Buying a Shiba Inu coin is very easy. You can buy it very quickly in the whole world and India. To purchase this, the person must be above 18 years of age. Then you can buy them. It is not necessary that a person below 18 years of age cannot believe it.

You can buy it even if you are less than 18 years old. First, you have to register your account on a cryptocurrency exchange to buy Shiba inu coins in India. All coins require a crypto exchange to buy. There are a lot of crypto exchanges in India, talking about the best crypto exchange, it is India’s wazir.

Shiba Inu coin future

For the time to come, giant steps are being taken by the founder of Shiba Inu to advance this coin. In the coming time, there can be a massive jump in the price of the Shiba Inu coin. But if we talk about its cash, it will take a long time to reach one or two because there are many Shiba Inu Coins.

The price of the Shiba Inu coin will be ₹ one by then when its market capitalization comes to $ 300 billion in the future. If we talk about the year 2022, then the Shiba coin will reach one rupee, but there is no complete consensus on whether it will be ₹ 1 in the future or not. If you can keep them with you for a long time, then it can give you a lot of profit in the coming time.

Advantages of Shiba Inu coin

The Shiba Inu token has been recognized as one of the most volatile cryptocurrencies and the Doge token. The price of all these cryptocurrencies constantly fluctuates, and there have been some ups and downs supporting Tesla’s founding CEO, Elon Musk. Investing in the cryptocurrency market mainly allows you to gain a very high growth percentage by investing in Shiba Inu coins.

Conclusion

Today, we have given you complete information about Shiba Inu and how it works through this post. I hope you liked all the information provided by us. For other similar information, you can stay connected to our website, or for any suggestion, you can also ask by commenting in our comment section.

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