Business

Facts about Shiba Inu Coin

Published

2 months ago

November 20, 2021

Shajan

Future of Shiba Inu Coin

The Alt coin Shiba Inu Coin Future

Shiba Inu token is a decentralized cryptocurrency created by an anonymous person or group known as Ryoshi. Ticker of the Shiba Inu coin is SHIB. The Shiba Inu coin was first introduced in August 2020.

Empuriabrava, Spain, June 2021 – Man holding one Shiba token, coin with Shiba symbol, concept of investing in Shiba token

Facts about Shiba Inu Coin

At the time of writing this article, the Shiba Inu market capitalization is 1,998,609,028,142 Indian Rupee.
According to the market capitalization Shiba Inu Coin is at 11th place.
There is a sudden increase in Shiba Inu price happened when it was listed in more exchanges recently.
As per the Woofpaper of Shiba Inu Coin, it uses ERC-20 token based on Ethereum which works on proof-of-stake block chain.
The total number of tokens in circulation is 400 trillion.
Tesla founder Elon Musk once tweeted expressing his interest in owning a Shiba pup that hyped the crypto market which lead its prices to rise by 300%.

Why I buy Shiba Inu

The price is very low and that makes me to get more number of coins for less money.
The market capitalization is almost same as Doge Coin after the recent rise in Shiba Inu price.
It claims the same technology uses in Ethereum coin which already gains the trustworthy of many people.
The trend is favorable for Shiba Inu Coin at present.

Future of Shiba Inu Coin

Eventhough the rise in Shiba Inu coin came out from nowhere, the current reports show that the trust of the SHIB coin is increasing day by day. Moreover the number of people introducing to the world of Crypto is increasing. The psychology of the new investers tends to go behind penny values. That will defenitely boost the investment as well as market capitalization in the near future.

Causion in investing Shiba Inu

Investing in cryptocurrencies is essentially gambling and there are no guarantee that you will see what you pay in go up in value. Cryptocurrencies are very high risk and speculative investment with limited track records and no underlying value.

Up Next

Fundamental Analysis in Stock Market

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Business

Fundamental Analysis in Stock Market

Published

2 months ago

December 8, 2021

Shajan

Fundamental Analysis in Stock Market

Fundamental analysis has significant importance in the world of stock market. Fundamental analysis helps to avoid risk. Value investing is possible when you develop the skill of reading fundamentals of a company.

Fundamental Analysis in Stock Market

Important data in fundamental analysis

Following are a few important key numbers to watch in Stock Analysis

Total Revenue
EPS
P/E Ratio
Debt to Equity
ROE

1. Total Revenue

The revenue is a measure of company’s total sale of their product and services.

Revenue is often a good indicator to know whether the company is performing well by checking its year to year steady growth. We can suspect the company if the revenue is not showing a steady growth.

2. Earnings per Share (EPS)

Earning of a company devided by its total number of outstanding shares.

Earning Per Share = Earnings/Total number of shares

As the name indicates, we will be able to know how much return company given to a share in a given year.

3. Price to Earning Ratio (P/E Ratio)

The P/E Ratio number gives you a view of how the market is pricing a company’s shares in relation to its earnings.

P/E Ratio = Price per share/Earnings per share

A higher P/E in relation with other companies in the same sectors indicates that the investers are feeling bullish on the company. A lesser P/E Ratio with strong fundamentals can be considered as a good investment opportunity. It indicates that the company has great potential in the near future.

4. Debt to Equity

All companies require funds to establish and operate its business. Debt and Equity are the two form of source that fund compes from.

Debt is the money borrowed. It should be returned with interest over time. Equity is money that is invested and, in return the invester is given shares.

Company should not have more debt thatn equity. We should always look for a value less than 1 as debt to equity numbers.

5. Return on Equity (ROE)

Return on equity is a measure of how much percentage of return a company generate with the money invested by its share holders.

ROE = Net Income/Shre Holder Equity

A number more than 20% can be considered as a good ROE value.

Conclusion

A basic understanding of few of these parameters will defenitely make you a good invester. Fundamental analysis is one of the most powerful opportunity to make great return on your money.