* Shiba Inu is one type of cryptocurrency, or digital currency, that is available only online. Its price soared in 2021, multiplying many times over, but still trades for tiny fraction of a cent. Still, that's enough to make the coin one of the world's most popular cryptocurrency, according to Coin market cap. but don't get the coin confused with the Japanese dog breed that inspired its name.
*Like many other cryptocurrencies, Shiba Inu operates on a decentralized computer network running a database called blockchain. This blockchain database tracks and manages the crypto coin, verifying transaction and recording every transaction that occurs with it. So the database ends up being a long-running record of the movement of the cryptocurrency Specifically, Shiba Inu runs on the Ethereum blockchain, offering the safety and functionally of the platform.
FOUNDER
*Created in August 2020 by a founder called Ryoshi, Shiba Inu takes its moniker from the cuddly dog of the same name. And don't get it confused with the similarly canine-themed dogecoin, which features the same breed as its mascot. Instead, Shiba Inu calls itself a "Dogecoin Killer".
How many Shiba Inu coins are in circulation?
*According to Business Insider, Shiba Inu now has one quadrillion coins in circulation.
*Founded in August 2020, the meme token has gained 710% in the past month and could unseat it's competitor dogecoin as the 10th largest crypto currency.
*Coin Gecko report that Shiba Inu surged as much as 45% on Wednesday meaning it how has a market value of roughly $30.9 billion.
*It's ongoing circulation is attributed to the 'shiba army' who are seemingly backing the crypto as their altcoin of choice.
*"The crypto universe is full of coins that represent diverse use cases and themes, " John Wu, president of Ava Labs, told Business Insider.
*And meme tokens, he said," are driven by culture and represent an underlying theme or movement, rather than special technical use cases."
Where you can buy Shiba Inu coins
1.Binance
2.Huobi Global
3.OKEx
4.Hotcoin Global
5.BiONE
Interesting facts
1. Looking into Shiba Inu's past price action, its overall return on investment, and wild spikes on price in the last three months. So, one can conclude that Shiba Inu has the potential to make someone super-rich as well, as everyone knows that cryptocurrency has been trading between $0.000055 and $0.000065 for several days. buying at the bottom and selling at the peak is a solid trading range.
2. Shiba is still trying to move above the key resistance of $0.000063. a failure to close above it would confirm the lower high, leading to bears taking control of the price again.
3.According to some Shiba Inu coin experts, token prices will continue to soar for the next few years. However, it largely depends on the point at which you bought your Shiba inu tokens.
4.It invites early investors to purchase Shiba Inu coins at a lower price.
5.The term "Buy Shiba" has reached three months high on google search engines.
6.These Search queries started at the beginning of august and topped the chart on October 27. Interestingly, the Chinese stood at the 2nd position of research results.
7.Recently as of October 28, Shiba has reached 800,000 holders. The top 50 Shiba holders are acquiring around 80% of ships, while more than 40% of 549 trillion ships are now in public hands.
8.Kronos's advanced technologies also became the first public company to add Shiba Inu as an additional crypto payment option for purchasing air purifiers and PPE suppliers.
9.Cryptocurrency has changed the E-commerce business. As more and more people now shop online.
10.A few days back, we all witnessed a downfall in the crypto market and due to which mini crypto suffered a lot of bachlashes.
Future Analysis of Shiba Inu
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*Now Shiba Inu support at 0.00002090-0.00002120. If we don't hold this support area next minor support at 0.00001220, next strong support at 0.00000550. I think in future not possible to come this support area.
od for long term investment it already gave a thousand times return to Shiba investor. In next 3 years it can give 15 to 20x return on current price. Don't see huge return on small time frame hold it alteast for 3 years. definitely it can give good return in future, its a dogecoin killer. Most famous meme coin.
