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Facts about Shiba Inu Coin

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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.

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