What is Shiba Inu Coin? Will Shiba Inu Coin reach $1? Will Shiba Inu reach 1 Cent? Is Shiba Inu Coin dead? Find out how to buy Shiba Inu, its history, its use case, and how the future looks for the popular meme coin!
Disclaimer: We want to emphasize that this is not financial advice. Cryptocurrencies operate in a volatile market, where values can drastically fluctuate in a blink of an eye. It is imperative to conduct thorough research and seek guidance from a qualified financial advisor before investing.
What is Shiba Inu Coin?
Shiba Inu Coin is an ERC20 token created on the Ethereum blockchain, the coin is named after the Shiba Inu breed of dog, which has become popularized in internet culture recently for its meme-worthy cuteness and tendency to give 'cute' or grumpy expressions when photographed.
The meme itself originates from an early 2000s Japanese video clip depicting a hilariously angry Shiba Inu pup barking at his owner while he's trying to take care of him by holding some food on what appears to be chopsticks. This momentous occasion occurred back before YouTube was even around yet! But this hilarious incident had reached Japan first, where the film had been uploaded onto their version of YouTube called NicoNico Douga. And once more hip Americans caught a glimpse of this video, what was soon to be the Shiba Inu meme had been born.
The coin itself is named after one of these adorable but also very angry-looking Shiba Inus from the original internet-famous video! Many memes have since been created using both new and old photographs depicting an array or range of 'angry' facial expressions...all attributed to our furry friends. What's even more impressive about all this popularity for what started out as just another cute Japanese dog breed? The fact that anyone can create their own version of it by simply drawing their own character design by incorporating some features found only within the Shiba Inu breed! It doesn't need much creativity at all really; perhaps a simple binary code like what's found with these popular Shiba Inu-inspired tattoos.
Shiba Inu was born as the Dogecoin killer... Dogecoin was the first meme coin to skyrocket in value, this has led many others following after it to also gain widespread popularity.
Now that we know what Shiba Inu Coin is, let's look at its use case.
What is Shiba Inu Coin's use case?
The Shiba Inu Dog meme has had some serious staying power. Its popularity continues increasing by the day as newer generations of internet users discover it every single year! This will only continue to increase in 2011 and beyond with shibe inspired creations coming out on what seems like a daily basis now. With all this 'shibadom' flooding our everyday life more than ever before, this coin could be an easy way for people who are already familiar with cryptocurrencies to invest their money into something fun they know will receive huge returns down the road or even sooner if they're lucky enough!
ShibaSwap is a DEX on which several dog-related coins are set to be traded as well as the Shiba Inu coin.
SHIB, LEASH, and BONE, came together to create ShibaSwap, the next evolution in DeFi platforms. ShibaSwap gives users the ability to DIG (provide liquidity), BURY (stake), and SWAP tokens to gain WOOF Returns through its sophisticated and innovative passive income reward system.
The platform also allows the ShibArmy to access upcoming NFTs and additional tools, such as portfolio trackers, to make navigating the crypto world simple and intuitive.
The goal of ShibaSwap is to provide a safe place to trade your valuable crypto while remaining decentralized. The team is loyal to its holders, and that gives them the means to grow exponentially. The team will constantly scale this Ecosystem so it may bring ever-increasing interested parties to the ShibaSwap platform.
Its unique tokenomics, solid design, technical implementation, and viral growth from its good 'ole fashion memes will aim to reinforce the platform's strength and ultimately provide residual benefits to the Ecosystem.
Is Shiba Inu Coin dead?
No, Shiba Inu Coin is still very much alive and kicking! It only recently finished its ICO in the beginning of September.
Shiba Inu has been one of many cryptocurrencies created to ride off what was originally a popular internet trend that caught on like wildfire before it eventually died down. As more people began using cryptos as currency for buying and selling goods, others saw an opportunity to jump onto this bandwagon by creating their own meme-inspired crypto-tokens, and we've seen what happened next with Dogecoin becoming so widespread after gaining serious momentum. Many other 'meme coins' have since followed suit such as Trumpet, Catpuccino (yes really), PonziCoin, and even PutinCoin.
Will Shiba Inu Coin reach $1? Will Shiba Inu reach 1 Cent?
All signs point to its potential trajectory looking upwards, but despite this promising outlook for the future of Shiba Inu, many still ask: what can I do with my adorable crypto-puppy once I've bought into his cuteness myself? And just like most other cryptos out there right now, you'll likely be able to use your new token as currency eventually on a wide range of online platforms. That being said, this coin is still very new and its value will most likely fluctuate for quite some time as people keep trading with it.
What does the future hold for Shiba Inu?
Nobody knows the future and anything can happen, but it seems that as long as memes continue to trend online, so will Shiba Inu. This is what makes it a potential cryptocurrency for holding onto in hopes that its value will one day raise exponentially like most other successful cryptocurrencies out there right now. As people begin realizing how much potential this coin has and what kind of buying power they can take advantage of by investing early on, we could see a rise in popularity spike within the next year or two which would increase interest even more due to word-of-mouth spreading about this crypto.
With all these factors taken into consideration when looking at what's potentially waiting ahead for shibe fans everywhere, many are excitedly wondering if Shibes might be what's next to take over the crypto-world and what Shiba Inu Coin might be able to do for its holders in this area.