Shiba Inu 2022

Breed of dog that is found to have originated from the Chubu region. According to its official website, it claims to be the “Dogecoin killer”. If you are looking for information regarding the Shiba Inu token you have come to the right place.

 

What is Shiba Inu?

Shiba Inu is an ethereum based altcoin that meets the ERC-20 standards. It has an attractive symbol of a real Shiba Inu dog. Shiba Inu however is also a meme coin, meaning it was established as an inside joke. It was launched as a parody rather than for the purpose of digital utility. It is very similar to Dogecoin and is considered an alternative for it.

 

History of Shiba Inu

It was created in 2020, in the month of August. The founders/creator of it is anonymous. However, the founder is known as ” Ryoshi”. In October 2021, it reached a high price giving it a market capitalization of around 35 Million$. Although created just to poke fun at dogecoin it managed to bag the top 10 positions. During October, It bagged the 10th position in the overall cryptocurrency. It was founded on the three major principles:

 

  1. This is one of the projects to have started from zero with zero, which was created to bring something out of nothing.
  2. Shiba Inu was created absolutely from the base, not on an already established company.
  3. It also is based on the love for Shiba Inu dogs.

 

Price of Shiba Inu:

The Current price of the Shiba Inu token is 0.00002905 USD. Which is currently 2.74% down. Its highest price was recorded on October 27, 2021. The highest price it has reached is 0.00008 USD. Its lowest price was 0.000000000145 USD, during its start. It also has a market dominance of 0.81% and ranks at the 13th position.

 

How to buy Shiba Inu Tokens? 

The Shiba Inu token known as Shib can be bought through the official website “Shibaswap”. Through Shibaswap you can both buy and sell the Shib. You can also buy it through Uniswap or many other CEXs. But, You should be very careful while doing transactions through other sites. The transaction should be done only after proper research about safety and security.

 

The steps to buying a Shiba Inu Token is as follows:

  1. Installing and creating the Metamask wallet.
  2. Sending ETH to your Metamask wallet.
  3. Connect your Metamask wallet to the Shibaswap or the preferred platform.
  4. Swap Eth with the Shib.

 

You can easily install the Metamask wallet on your mobile or laptop. You can download the browser extension for easy access. you can click on metamask.io to go to the website. Now, after you have reached the site, you will have to create your account. Creating an account is simple, you will require an email address and contact number. You can not perform any kind of transaction without this account.

 

Now, you can buy ETH, and store or send it to your wallet. You can also use Metamask to purchase it or just can transfer it. While Transfering these coins, make sure that it is an ERC-20 network. You will then have to connect your metamask wallet to Shibaswap or the platform of your choice. Now, from this platform, you can exchange the ethereum with Shib. Go to shibaswap.com to buy Shiba Inu through Shibaswap. You can do this transaction by selecting the amount of Shib you want.

 

ShibaSwap:

Shibaswap is a platform through which you can buy or trade Shib coins. It consists of three major tokens namely:

  1. SHIB.
  2. LEASH.
  3. BONE.

 

This platform allows users to dig, bury or swap tokens. Dig means to provide liquidity, bury is to stake the coin. While doing any of these the user gains Woof returns. This platform also allows the user to access upcoming NFTs.

Also, check

WETH Currency

SWAP

Poocoin

Catgirl

Baby Cake Cryptocurrency

Dragon Chain

 

Is It worth investing in Shiba Inu?

Many crypto investors do not believe that it is worth investing in. It can be a good source of passive income, however not a great long-term investment. Investing in it is more like a gamble than an investment. Crypto is one of the most suspicious cryptos. Although it falls under one of the largest markets, It is expected to go on loss.

In conclusion, the token of Shibaswap represents the dog breed of the same name. It is a Decentralized token that meets the ERC-20 token. It’s currently one of the popular meme coins available. A small percentage of your money can be invested in it. But, Ensure that you do not buy it without proper research.

 

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