SHIBA INU Coin Projects

SHIBA INU Coin Projects

SHIBA INU Coin Project 

SHIB Cryptocurrency 3 Where is SHIB Cryptocurrency available and how to get it 4 The story of SHIB coin and Shiba Inu project 5 The future of SHIB coin and will it follow a path Similar to DOGE coin, SHIBA INU coin project. Recently, the control of technology in our world has increased dramatically, until the idea of   digital currencies has become an idea available and applicable by many interested in this field. In this article, we will talk about cryptocurrencies and the SHIBA INU coin project specifically and its advantages. 

Let's get to know him together. Cryptocurrencies Cryptocurrencies can be used to buy and sell goods and services like any currency. But unlike traditional currencies, digital currencies are encrypted and this encryption is used to increase security during online transactions. Although digital currencies can be used to purchase various items. However, the biggest interest is in trading these currencies, which are not yet regulated in order to earn profits. Cryptography has been used to secure the digital currency, so it is virtually impossible for any fraud to occur. The last problem that does not exist with traditional currencies, is the risk of double spending one digital currency. 

Definitely a potential and different hurdle for cryptocurrencies. Relatively digital information can be easily copied from individuals who understand the blockchain network and the computer software needed to control it. The digital currency SHIB The name of the coin is SHIB, and the standard for building it on the Ethereum blockchain is ERC20. SHIB suddenly and quickly appeared as an alternative to the digital currency Dogecoin. Remember, Dogecoin exploded in 2021, rising from a price of less than $0.01 in January to a high of $0.68 set just recently. It is possible to say that SHIB coin is a copycat of DOGE coin. Especially since the doge is a descendant of Shiba Inu, in fact these two currencies compete with each other not in the technical solutions offered or in the goals, but which one will capture the hearts of investors. 

By showing the cutest dog of the Shiba Inu breed that appears as the emblem of both currencies. According to CoinGecko, the current price of the SHIB coin is estimated at $0.0002898 so far, which means an increase of 22,772 percent from what the value of the coin was about a month ago, and the coin has seen a 1527 percent increase in one week. But CoinGecko does not provide the market value or ranking for SHIB coins yet. On the other hand, CoinMarketCap notes that the coin has a market capitalization of nearly $11.4 billion, making it the 20th largest in terms of total coin value, according to its criteria. Top Cryptocurrency Trading Platforms Up-to-date and Verified The SHIB coin has risen over 2 million percent since its inception July 31, 2020, according to CoinMarketCap. 

This percentage is much higher than the rate of rise of Bitcoin or Ethereum since its inception. Which is strange for a newly issued currency. However, its value is still well below Dogecoin's current market cap of $64 billion, making it the fourth most valuable coin. Shiba Inu has also seen bigger gains lately. Where is SHIB digital currency available and how to get it? SHIB digital currency can be purchased through trading platforms such as Binance, Huobi Global, OKEx. The currency can also be traded on Decentralized Exchange (DEX) platforms, such as Uniswap, 1inch, 0x. The price of SHIB has also jumped in the past few days after it was listed by Binance due to huge demand from users. 

While Binance will benefit from higher trading volumes, its CEO warned of potential risks in the future, noting this: The currency carries a very high risk. The story of the SHIB coin and the Shiba Inu project In addition to being a meme coin based on Ethereum and a competitor to Dogecoin, let's get to know the Shiba Inu project exactly. According to the official website of the Shiba Inu Project, SHIB coin was created as an experiment to build a decentralized spontaneous community, and is the first of several cryptocurrencies planned to be announced and all fall under the dog breed or related. LEASH is another coin that was released but in limited quantities, and its price has skyrocketed according to CoinMarketCap, estimated at around $5800, and this coin describes itself as a Dogecoin killer as well.

 Along with LEASH and SHIB, there is also the dog bone BONE as its logo. Cloud mining Explained In addition, the Shiba Inu project promises to launch the ShibaSwap Decentralized Exchange (DEX) platform. There is even a “white paper” detailing the team's plans, but so far it's just a promise on the project's website. A total of 1 quadrillion SHIB was minted. And the anonymous developers behind Shiba Inu sent over half of the show's total. That's just over 505 trillion SHIB to the address of the founder of Ethereum. The developers treat this amount as burned or removed from the market. This may increase the value of the coin that is still available for trading, but the founder of Ethereum has access to his received coins. 

This may seem absurd at all, but Dogecoin was also considered in its beginnings as a cryptocurrency as a joke, before 2021 became its year and fans like Mark Cuban and Elon Musk became the talk of it. The future of SHIB and will it follow a similar path to DOGE when it comes to the sudden rise in the currency price, this has already happened similar to DOGE. As for anticipating the doubling of the investment in SHIB coin tenfold, it is difficult. But in the crypto market, anything is possible, assuming the value of the SHIB currency has risen