How To Buy Shiba Inu Crypto

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This is not financial advice. It is for educational purposes only. Note that cryptocurrency is a highly volatile asset class; invest only what you can afford.

How To Buy Shiba Inu Crypto

“How to buy a Shiba Inu” is the top question as crypto investors try to buy the new “dogecoin killer”. Shiba social media hype continues to grow since Binance, the largest cryptocurrency in the world, made Shiba Inu official by listing it on May 10. it in its list of supported coins.

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The day before Binance listed on $SHIB, it was trading at around $0.000014. In May 2021, SHIB rose to an all-time high of $0.000037. That’s a 164% increase!

Since October 5, the “Dogecoin Killer” is making headlines again, and many brave crypto-investors are trying to get their hands on the Shiba Inu. If you are interested in buying a Dogecoin competitor, stop by and we will show you a simple and effective way to buy a Shiba Inu.

The Shiba Inu coin is an ERC-20 token – a fancy way of saying it runs on the Ethereum blockchain and uses smart network contract technology.

After reading Shiba Inu Coin’s 22-page white paper (the pun-loving author calls it “wofpaper”), the main goal of Meme Token is to support one of the core goals of cryptocurrency: distribution. Decentralization prevents authoritarian institutions such as banks and government agencies from taking control.

How To Buy Shiba Inu — The Easiest Way To Buy The “dogecoin Killer”

“We believe that with the power of decentralization, we can create something more powerful than a centralized group,” said Ryoshi (pseudonym), the founder of SHIB. “A community-driven token is nothing more than connected people serving a purpose.”

Woofpaper also explains why SHIB works on Ethereum, explaining that it is a secure and established blockchain in which SHIB remains independent from the power of measurement.

Interestingly, Woofpaper revealed that 50% of the SHIB token stock was sent to Vitalik Buterin’s fund (Buterin is the founder of Ethereum). You’re probably thinking, “Why would they do that?” The reason for Buterin Shiba’s token offer was not mentioned in the Woof paper, but according to Celebrity Net Worth, it may have been a surprise to the public. Benzinga, however, believes that Shiba’s group gave Buterin the coins to make SHIB smaller. Both of these theories can be true.

The problem with Buterin’s large holdings in SHIB is that if he decides to sell his tokens, the price of SHIB will drop – and that’s what happened. On May 12, Buterin announced that he sold 1 billion worth of SHIB tokens to raise funds. Although Buterin’s shocking act was for a good cause, we have SHIB badge holders.

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On May 16, Buterin happily announced to SHIB owners that he has burned 90% of his Shiba Inu litter and plans to donate the remaining 10% to charity. Burning tokens will increase the scarcity, and as a result, the price will likely increase. After a tumultuous week, there is finally hope for Shiba Inu Coin, a cryptocurrency dubbed the “dogecoin killer.”

Shiba Inu can be purchased on several platforms, including Binance US (opens in a new tab), Robinhood (opens in a new tab), Gemini (opens in a new tab), and Coinbase (opens in a new tab).

The easiest way to buy Shiba Inu coins is through the KuCoin exchange. Before you can catch Shiba Inu, you need to buy something called USDT (Tether). I know it sounds complicated, but I can assure you that this process is very simple. Once you’ve created a KuCoin account, here’s how you can buy a Shiba Inu.

1. After a minute or two, you should receive your USDT in your main account, which you can find under Assets > Main Account.

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2. Click the “Transfer” button next to USDT to transfer USDT to your trading account.

10. In the “Buy SHIB” section, click the 100% button, which ensures that all your USDT will be traded with SHIB. If you choose to set a custom value, you can do so in the value field.

Unfortunately, if you live in New York or another crypto-hostile territory, finding some crypto currency is difficult. Although the Shiba Inu was previously unavailable to New Yorkers on Coinbase (opens in a new tab), locals can now purchase the dog-inspired token on the platform.

Gemini (opens in new tab) allows New Yorkers to buy a Shiba Inu from its site.

What Makes Shiba Inu Coin Cryptocurrency So Valuable?

Kimberly Gedeon, with an MA in International Journalism, began her career as a reporter for MadameNoire’s Business Beat in 2013. She likes to translate complicated stories about economics, personal finance, and investing into digestible, easy-to-understand, and fun stories for young women of color. While at Business Beat, he discovered his passion for technology as he researched business technology news, the Consumer Electronics Show (CES) and the latest tablets. After eight years of freelancing and countless gigs, he finally found a home at Laptop Mag that accepts him as the crypto-addicted, VR-loving, investment-focused, tech-obsessed nerd that he is. Wait! You are reading a free article whose opinions may differ from those of The Motley’s Premium Investing Services. Become a Motley Fool member today for instant access to our top analyst recommendations, in-depth research, investment resources and more. Additional Information

If you thought Wall Street had a good year, take a closer look at how well cryptocurrencies have fared. The total value of all digital currencies will almost triple in 2021, growing more than 14 times since the end of March 2020.

Although the “big two” – Bitcoin and Ethereum – make up 62% of all digital currency market capitalization, no coin has generated more noise or history this year than Shiba Inu (SHIB).

As someone who has invested in stocks for over 23 years, I can safely say that a one-year gain of 10,000% or more is extremely rare. But this is not the case with cryptocurrencies. Several digital tokens have risen more than 12,000% this year alone. But even that is nuts compared to what SHIB has done this year.

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When the clock struck midnight on January 1, investors had the opportunity to buy Shiba Inu for $0.0000000000073 per token, according to However, as of late December 14, the same coins were worth $0.00003357. If you subtract six zeros from your token value, Shiba Inu is up 45,986,201% in a month. For more context, it would only take an initial investment of $2.18 to make someone a millionaire with that annual return.

First of all, the Shiba Inu has benefited in many ways from increased visibility. It is one of the most sought after currencies in the US and more crypto traders than ever are accepting SHIB for listing. And it didn’t hurt that SHIB’s pool of “holders” (a friendly term for crypto token holders) recently topped 1 million.

The launch of ShibaSwap, a decentralized exchange, will also play an important role. While ShibaSwap improves liquidity, the most important factor is placement ability. Having a stake in generating income has encouraged investors to hold on to their SHIB. Just two months ago, Shiba Inu’s average holding time on crypto exchange Coinbase was a ridiculously low six days.

Investors also support the ongoing coin burn. After the mysterious founder “Riyoshi” gave Ethereum co-founder Vitalik Buterin about half of 1 quadrillion coins, he sent about 410 trillion to the dead SHIB blockchain address. Since these coins are now devalued, this theoretically makes any remaining tokens more valuable.

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Finally, Hodler is excited by the fear of missing out on future innovations, including the 2022 launch of the Layer 2 blockchain.

As for me, I will not buy a Shiba Inu for free money. And I would definitely not advise investors to consider putting their hard-earned money to work on this bee. Below are a few reasons why the SHIB bubble is likely to burst in the next 12-24 months, and why I won’t go into detail.

Let’s start with the basics: utility. Most cryptocurrencies don’t offer much in the way of real world usage. Bitcoin is a digital currency that is widely accepted by merchants and has become legal tender in El Salvador. But it also has a multi-year head start in the crypto universe. What SHIB brings to the table is that 387 global retailers accept it, according to online business directory Cryptwerk. Keep in mind that more than 10% of these 387 traders are crypto traders who are not actually traders.

While I’ve heard the point (many times!) that SHIB has to start somewhere, it shouldn’t have an 18 billion market cap if it’s struggling to gain vendor acceptance.

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Based on this point, the Shiba Inu does not offer competitive advantages. Shiba Inu is an ERC-20 token built on the Ethereum blockchain, subject to the same high transaction costs and processing latency that plague the popular Ethereum network. Transaction fees, processing times, and usage conditions do nothing to make SHIB stand out. And if this

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