Shiba Inu SHIB
Shiba Inu Coin Price
Shiba Inu Chart
What is Shiba Inu (SHIB) ?
Shiba Inu is an ERC-20 token developed on Ethereum by Ryoshi, an unknown person. According to Shiba Inu 's website, the currency is a decentralized meme token that is developing into a lively ecosystem. Shiba Inu Coin Price has been fluctuating since its inception.
According to the SHIB token 'swhitepaper, the goal is to create an ecosystem comprised of three tokens with varying supply. SHIB is the basic currency of the ecosystem, having a maximum supply of one quadrillion. LEASH is the second token produced, with a supply of 107,646 tokens, while BONE has a supply of 250,000,000 tokens.
The token 's creators have also launched ShibaSwap, a decentralized exchange that allows users to "dig "(offer liquidity), "bury "(stake money), "fetch "(retrieve tokens from Uniswap or SushiSwap), and swap currencies. This exchange is comparable to SushiSwap and Uniswap on the Ethereum network.
Shiba Inu Coin Price
You can track the current SHIB coin prices in real-time with Shiba Inu coin chart, liquidity, and volume on ARKEN.Shiba Inu Coin Price as of 19 August 2021 is $0.0000080279.
SHIB Coin address (Polygon): 0x6f8a06447ff6fcf75d803135a7de15ce88c1d4ec SHIB Coin address (Ethereum): 0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce
Shiba Inu bills itself as a "decentralized meme token that developed into a flourishing ecosystem,"referring to Dogecoin 's meme culture appeal. It also refers to itself as the "Dogecoin killer."Shiba Inu is an Ethereum blockchain ERC-20 token. This implies that instead of having its own blockchain, it was developed and is housed on Ethereum 's. In contrast, Dogecoin has its own blockchain. Ethereum addresses are used to store and send ERC-20 tokens.
Shiba Inu coin and Elon Musk, like Dogecoin, are highly linked and associated, yet there is nothing more than a hoax and joke.
SHIB VS DOGE
Shiba Inu is distinguished from Dogecoin by its ShibaSwap decentralized exchange. Shiba is now a member of Ethereum 's decentralized financial ecosystem, allowing its users to access features such as token swapping, staking, and yield gain that Dogecoin does not.
ShibaSwap was audited and a number of "serious discoveries "were discovered, including severe centralization and privilege concerns in which a developer had the right to "withdraw all the ERC20-token BONE to any arbitrary address."More critically, if this individual is hacked, all tokens may be lost. These concerns have subsequently been fixed, and the audit made by CertiK in overall provided good results and a considerably high score for ShibaSwap.
Is Shiba Inu Coin a Safe Investment?
It 's crucial to remember that cryptocurrencies are a hazardous asset class; within that asset class, speculative altcoins like Shiba Inu are even worse. Only investors with a high-risk tolerance should consider it. According to Tatibouet, the meme token craze isn 't expected to endure long, leaving some investors vulnerable to large losses if interest wanes. Dogecoin 's latest price drop is an excellent example since it occurred shortly after Tesla CEO Elon Musk - who regularly tweets positive things about Dogecoin - presented "Saturday Night Live "in early May.
One of the primary reasons to invest in Shiba Inu Coin is its acceptance by Coinbase Pro for enlisting in such a short time of crypto trading expertise. Fans are another element that should entice you to invest in SHIB. Shiba Inu, like other meme-inspired currencies such as Dogecoin, has a large following on social media sites such as Twitter, Reddit, and Facebook. Shiba Inu Coin is expected to trade at $0.000018 by the end of 2021, according to the experts at Wallet Investor. In the long run, analysts estimate that SHIB will be worth $0.000081 per coin by the end of the 20th of June 2026. Based on Wallet Investor 's price predictions, we can say with some certainty that SHIB is a superior investment that will provide you with the greatest profits in the medium and long run.
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Why Should You Buy Shiba Inu?
What Are the Benefits of Shiba Inu Coin?
Shiba Inu 's attraction stems from the desire for passive income via staking, as well as the fear of losing out from individuals who did not participate in the Dogecoin gold rush. According to Marie Tatibouet, chief marketing officer at Gate Technology, the ripple effect from Dogecoin 's price surge has aided other meme tokens such as Shiba Inu, offering the possibility for short-term profits.
Another advantage might be philosophical in nature. "Many regard meme tokens like Dogecoin and Shiba Inu as nothing more than a joke, yet it has served as the first step for many crypto newbies, who are likely to invest in other projects,"Tatibouet adds. "As a result, the broader crypto market is expected to experience more expansion and interest in the long run."With Shiba Inu 's cheap pricing, investors may get in for less than the cost of a fast-food meal. Shiba Inu is a low-cost way for individuals interested in cryptocurrency to get started.
Shiba Inu Use Case
ShibaSwap, a DEX where numerous dog-related currencies will be traded, is currently operational. Investors have been counting down the days before this event as the Shiba Inu team has gone through audits to evaluate the platform 's mettle. The native SHIB token, as well as one dubbed LEASH, appear to be powering the DEX. A new cryptocurrency called BONE will be available shortly, according to the project 's website. ShibaSwap 's future also includes non-fungible tokens (NFTs).
After connecting with the relevant wallet, such as MetaMask, WalletConnect, or Coinbase Wallet, there are a number of ways in which users can or will be able to engage with the ShibaSwap DEX. These include:
Dig — Provide liquidity and earn BONE.
Fetch — Migrate tokens to earn BONE.
Bury — Stake tokens to generate returns.
Swap — Swap current tokens for different ones.
Bonefolio — Check your holdings.
Woof — Stake SSLP and claim returns.
Crypto Retail Push
Shiba Inu has also been integrated into the Shopping.io platform, which already accepts over 100 other cryptocurrencies. Holders of the SHIB token may now use their cryptocurrency to purchase items on the Shopping.io platform from retailers such as e-commerce behemoth Amazon, eBay, and big-box store Walmart. This advancement expands Shiba Inu 's use case as a payment mechanism.
As the roadmap progresses, the Shiba Inu team looks determined to move this project ahead. Furthermore, SHIB investors appear to be devoted and applaud every milestone. While it is uncertain whether SHIB will be the next Binance Coin, or even if it wants to be, its use cases are expanding, which may lead to more demand for the Shiba token and a wider runway for profits.
- Anonymous founder known as "Ryoshi"
Historical Data for Shiba Inu Coin Price
|Aug 30, 2022||$0.000012000||$0.000013000||$0.000012000||$0.000012000||$367,260,731||$7,206,222,318|
|Aug 29, 2022||$0.000012000||$0.000013000||$0.000012000||$0.000012000||$405,111,954||$7,379,640,276|
|Aug 28, 2022||$0.000012000||$0.000012000||$0.000012000||$0.000012000||$318,381,844||$7,005,657,778|
|Aug 27, 2022||$0.000012000||$0.000012000||$0.000012000||$0.000012000||$459,241,482||$7,180,910,164|
|Aug 26, 2022||$0.000013000||$0.000013000||$0.000012000||$0.000012000||$795,171,107||$7,304,128,043|
|Aug 25, 2022||$0.000014000||$0.000014000||$0.000013000||$0.000013000||$974,041,873||$8,240,116,939|
|Aug 24, 2022||$0.000013000||$0.000015000||$0.000013000||$0.000014000||$395,120,090||$7,691,413,084|