Shiba Inu : Is DOGE Killer?

What is Shiba Token?

Shiba Inu (token:$SHIB), also mentioned as Shiba Token, is a decentralized cryptocurrency created in August 2020 by an anonymous person or group mentioned as "Ryoshi". Shiba Inu is an ERC-20 token on the Ethereum blockchain, and is modeled off Dogecoin, it brands itself "the Dogecoin killer".Shiba Inu doesn't have any smart contract utility, neither is it backed by any asset or rights; it's simply a transferable token.
Started as a joke token SHIB is on the increase and is surging while major altcoins are tumbling within the crypto market. SHIB has gathered huge attention and has emerged together of the favored choices of investors.
It was also supported by an outsized community of individuals on social media like “REDDIT” & “TWITTER”. Recently, Vitalik Buterin has burned the half supply of Shibu Inu because the news of 40% token burn off went viral there was an incredible rise in prices.

What is ShibaSwap?

ShibaSwap is the decentralized cryptocurrency exchange platform that permits the exchanging process of Shiba Inu from other cryptoCurrencies.Various blockchain experts described it as a secure Place for the smoother function of exchanging process.
ShibaSwap gives users the power to DIG (provide liquidity), BURY (stake), and SWAP tokens to realize WOOF Returns through our sophisticated and innovative passive income reward system.


The Shiba Inu team launched a decentralized exchange called Shibaswap with 2 new tokens, LEASH and BONE.

Visit the website to know More. Click here.

Is it worth in Future, will Shiba Inu reach $1?

The price of Shiba Inu has stagnated recently and has traded approx at $ 0.00000080, which is 82% actually below the all-time high.
It is between the support and resistance levels at $ 0.0000056 and $ 0.0000096, respectively while the standard Range (ATR) has declined, says the Investing Cube.
It is expected that Self-claimed Doge killer, Shiba Inu can reach at 0.000085 dollars toward the finish of June 2021. If it continues to rise we will say that the value are going to be 0.0003 dollars in January 2022. By the calculations, there's a really low probability that it'll reach $1 by 2025.

How to buy Shiba Inu coin?

Buy the Shiba Inu from India’s largest cryptocurrency exchange WazirX, Binance, Zebpay, CoinDCX, CoinSwitch and many more.

Images Source: Shiba Inu Website, Wazirx Website.

Conclusion:

The potential for the long-term growth of Shiba Inu depends on a variety of factors: announcements, new technology solutions for SHIBA INU projects, legal position, and so on. As cryptocurrency performance is unpredictable and previous operations are not a guarantee of future performance. Think about your own situation, and then get your own advice, before relying on this information, you should also verify the character of any product or service (including its status and appropriate regulatory requirements) and consult with the administrator websites working before making a decision of buying crypto not only Shiba but any other digital currency.