The cryptocurrency market has set new records in 2021, striking a $2 trillion market capitalization and indicating signs of growth. One of the biggest crypto winners in 2021 has been Shiba Inu (SHIB). The crypto is up by over 500,000% since it hit unsurpassed lows in November 2020.
As such, despite its low performance recently, those who got in early are still sitting on a heavy profit. Shiba Inu has taken over Dogecoin, taking the centre stage in the realm of meme coins. Shiba Inu (SHIB) was introduced in August 2020 with the mission of overtaking Dogecoin. Shiba was named the "Doge Killer" because of its mission.
Till now Shiba has profited mainly because of the similarity between it and Doge. When Doge suddenly became popular because of Elon Musk's tweet and declaration, Shiba's price increased rapidly and investors believed that Shiba could be the next Doge.
In July the Shiba Inu team made its biggest move by introducing Shibaswap. One of its biggest moves so far was the launch of Shibaswap in July. Shibswap is a DEX that enables investors to trade tokens and stake their Shiba Inu tokens. The staking feature of this DEX is likely to give Shiba Inu the most value. That's because once one stake, their Shiba Inu are locked for 6-months.
Shiba Inu is an ERC-20 token on the Ethereum network, which enables the developers to build the ShibaSwap DEX and combine other tokens and NFTs into the platform's ecosystem. The maximum supply of Shiba was set to 1 quadrillion tokens, which is much higher than most cryptocurrencies. The expansive token size caused Shiba's price to be much lower than most assets with similar market capitalizations.
The growing popularity of Dogecoin has led Shiba Inu to receive global attention. Shiba Inu has holders that support and promote the token on social media platforms like Twitter, Reddit, etc. In India, investors can buy Shiba Inu coins on BuyUcoin, Sushiswap, and a few lesser-known crypto trading platforms.
The price of Shiba Inu has plunged significantly after the May 19 crypto collapse, pushing many people to wonder if the Shiba Inu coin is dead or has a future in the investment market. As a result of the weekend deposits, the Shiba Inu community has grown tremendously, and it is wished to grow much more.
To start investing in Shiba Inu Coin SHIB and other cryptocurrencies, you must first sign up for an account with an exchange that enables you to buy and sell Shiba Inu in India. An exchange broker is a website where you may buy and sell SHIB as well as other cryptocurrencies that must be listed.
If you want to buy Shiba Inu at the best price, 2021 is the year to do it because the SHIB value has been increasing since the beginning of 2021 and is expected to continue increasing until it hits $1. So now is the best moment to invest in Shiba Inu Token in 2021.
Elon Musk, CEO of Tesla, announced the name of his Shiba Inu puppy on Twitter. Musk, who is quite active on social media and tweets about anything from electric automobiles to space exploration to cryptocurrencies to his 57 million followers, said that
"My Shiba Inu will be named Floki." Shib With its 2,500 percent run in May, it exemplified that it can surprise investors with confounding gains.
As a result of its sudden popularity, Shiba has been listed on several exchange platforms, including BuyUCoin and Binance Exchange. Shiba can be traded fast and easily with the BuyUCoin app (on iOS and Android).
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