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Shiba Inu is the cryptocurrency that captured the hearts of crypto-investors in 2021. The adorable logo, the reference to the iconic Asian spitz and
the meme-like nature are only superficial features of SHIB. Behind the project is an ambitious team, investors' dreams and huge money. What is the rate of Shiba Inu and what exactly is this cryptocurrency? Find out what the most popular meme coin of 2021 is!
How much does a Shiba Inu (SHIB) cost?
Shiba Inu is a cursed cryptocurrency, some investors love it - others hate it. However, no one is indifferent. All because of the gigantic growth of this cryptocurrency, during which the record market cap of SHIB reached $41 billion, placing the cryptocurrency in the top 10 in terms of capitalization.
Shiba Inu's current market capitalisation is .
And what is the current price of the Shiba Token?
How much dollars for SHIB? Shiba Inu cryptocurrency exchange rate (SHIB USD) in a 24-hour period
The current price of Shiba Inu is , which means that in the last 24 hours SHIB has changed its price by .
How much PLN for SHIB? Shiba Inu (SHIB PLN) course SHIB in 24h period
On the Polish Shiba Inu (SHIB PLN) markets, the current price is , which means that the price of SHIB paired with PLN has changed by in the last 24 hours.
What is the Shiba Inu (SHIB)?
Shiba Inu is a cryptocurrency, a proud representative of the mem coin family, whose flagship is of course Dogecoin. Smaller projects of this kind are Jindo Inu, Alaska Inu or Baby Dogecoin.
While Dogecoin has been satire for years, Shiba inu promised to have a huge impact on the cryptocurrency market. The team (as promised) is committed to the metaverse, nft and expanding Shiba's native DEX, ShibaSwap.
Shiba Inu was established in August 2020. The creator of Shiba's decentralised network is the anonymous Ryoshi, which in free translation means Fisherman. Shiba's creator has declared that his cryptocurrency is Dogecoin Killer.
The supply of the cryptocurrency stands at 589,735,030 408,323 SHIB at the time of writing.
How does the Shiba Inu (SHIB) work?
Shiba Inu is a giant ecosystem (in terms of market cap) that is divided into three cryptocurrencies:
It is the primary cryptocurrency of the Shiba Inu ecosystem that can be traded and used as a medium of exchange.
This token is limited has a very limited supply, at just 107,646 units, making it the most limited cryptocurrency associated with Shiba Inu.
Leash provides rewards for verifying transactions.
This is a token with a supply of 250 million units of currency and is used to allow people using Shiba Inu to vote on various proposals related to the development of the project.
Shiba Inu is also about other products, including DEX's ShibaSwap platform for trading cryptocurrencies and Shiboshis, Shiba's native NFTs.
Who created the Shiba Inu?
The creator of Shiba - who has stated that his cryptocurrency is a Dogecoin killer - is completely irrelevant. Literally and figuratively - so declared Ryoshi himself.
The fisherman does not intend to make his person public and asks internet users to leave him in the shadows. He believes that he is not an interesting person and would be quite a disappointment to the Shiba community.
In an article on medium he wrote about himself:
I'm just an irrelevant guy typing away on a keyboard. I am interchangeable. I am Ryoshi.
The whole team is as humble as Ryoshi. The team members declare only that they love Shiba Inu dogs and started from scratch - with zero.
Where to keep SHIB?
One of the most important aspects of investing in cryptocurrencies, is to follow the rule - everyone is their own bank. This means so much that you yourself are responsible for the safety of your cryptocurrencies.
Where to keep Shiba and which wallet to choose for her?
Hardware wallet for Shiba Inu
The safest choice for storing any cryptocurrency - including SHIB, is a hardware wallet. These are specialised devices, belonging to a type of cold wallet that looks like a memory stick.
The most popular hardware wallets for SHIB are Ledger and Trezor.
Online wallet for Shiba Inu
Convenient and free wallets that also provide a high level of security are online wallets. Such wallets provide quick access to funds and decentralised cryptocurrency exchanges, and in the case of SHIB, also access to the NFT market.
The most popular online wallets are MetaMask and Trustwallet.
Cryptocurrency exchanges as a wallet for SHIB
Investors from traditional markets, as well as new investors, pay little attention to the safety of funds and use cryptocurrency exchanges as their wallets. This is a very common way of holding, which allows investors to react quickly when the Shiba Inu exchange rate drops.
Digital currency exchanges are not a safe place to store your funds, if you choose to store your currencies at an exchange site, secure your account with two-step verification and new IP verification.
Is it safe to invest in Shiba Inu (SHIB)?
Shiba Inu is not a safe investment. As history has shown, the profit opportunities on this cryptocurrency are huge, but the losses can be even bigger! The price of Shiba Inu has fallen almost 80% since the last ATH, further reigniting investor anxiety and putting existing holders in a gloomy mood.
The Shiba ecosystem could gain value again if ShibaSwap remains liquid and continues to gain value. However, despite this, Shiba does not gain anything new to the decentralised finance (DeFi) ecosystem on Ethereum. The only goal Shiba can fulfill is to top Dogecoin in popularity - and Shiba Inu's price shows that this is still possible.
How to buy Shiba Inu (SHIB)?
SHIB is still a fresh project with a market capitalisation that only shot up in 2021. Not all cryptocurrency exchanges sell Shiba, but there are many already - these include: Binance, Coinbase, FTX, KuCoin, Huobi Global and Kraken.
You'll soon be buying SHIB dog-coin in a pair to gold - on cryptocurrency exchanges and at the Egera exchange!
How much SHIB? Shiba Inu Calculator
The currency calculator on Eger is a mapping of how much dog cryptocurrency you would buy for a certain amount of money. The data in the calculator is refreshed live, so you can be sure that the fiat - SHIB pair is up to date.
The text is not investment advice and Bitclude (Egera) is not responsible for its misinterpretation and use as an investment aid.