Everything You Need To Know About Shiba Inu

About Shiba Inu

Shiba Inu token is a decentralized cryptocurrency created in August 2020 by an anonymous person or group known as "Ryoshi". As of March 2022, Shiva Inu's market cap is US$12.5 billion. Shiba Inus's code name is SHIB. The exchange price of the cryptocurrency notably surged in early October 2021. Its value increased 240% over the week. It is named after the Shiba Inu (柴犬), a Japanese breed of dog originating in the Chūbu region, the same breed that is depicted in Dogecoin's symbol, itself originally a satirical cryptocurrency-based on the Doge meme. When Tesla founder Elon Musk tweeted about getting a Shiba Inu dog, which gave the first major push to the SHIB token, driving it up by close to 300%. Vitalik Buterin Founder of Etherium donated 50 trillion SHIB to the India COVID-Crypto Relief Fund during the Pandemic. That brought the coin wider speculation.

7 Shiba Inu Question & Answers

1. What is the Shiba Inu coin price?

As of today, 19th march 2022, Shiba Inu is valued at $0.00002255 per coin. The fully Diluted Market Cap of the coin is $13 billion. The current CoinMarketCap ranking is #15.

2. Why Is Shiba Inu Called the Dogecoin Killer?

According to Shiba Inu founder Ryoshi, it earned the nickname "the Dogecoin killer" because the value of SHIB is "primed and ready to overtake the value of Dogecoin."

3. Will Shiba Inu reach 1 dollar?

As of today, 19th march 2022, Shiba Inu is valued at $0.00002255 per coin. Just a year ago it was valued at $0.00000006. That shows enormous growth within a year. So it is very possible to reach the Coins value of $1 by the next year.

4. Is the Shiba Inu coin a good investment?

Investing in crypto can go both ways. Most crypto prices are unstable. But during the last 12 months, most cryptocurrencies including Shiba Inu have shown a growth in price. Shiba Inu is by no means a sure or safe investment; however, it proved that it can surprise investors with astonishing returns with its 2,500% run this May.

5. Which companies accept Shiba Inu?

Many companies from different sectors, especially in tech now accept the Shiba Inu. GameStop, Nerdy Flames, Ask The Doctor, Petco, Lowe's, Bed Bath & Beyond, Ulta Beauty, Shiba Tea & Coffee, Shiba Mobile Repair, and AMC Theatres are among them.

6. Can I buy Shiba on Coinbase?

Shiba Inu (SHIB) is available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store SHIB in most Coinbase-supported regions, with certain exceptions indicated in each asset page here.

7. Where can you sell Shiba Inu coins?

Shiba coins can be sold on any reputable exchange platform including Etoro, Huobi, Bybit, Binance, and more. You can also buy SHIB on Uniswap (via Trust Wallet), which requires you to exchange Ethereum for SHIB.

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