It’s interesting to know that cryptocurrency can be a lucrative investment if you acquire appropriate guidance. The Shib coin (Shiba Inu) is one of the latest crypto investments attracting thousands of users. So, how do you got about this investment? Find out!
Among the latest cryptocurrencies is the Shib coin. But what is it? It is a digital coin whose name originates from the Shiba Inu dog’s description. The crypto operates on Ethereum’s ecosystem with Dogecoin’s features. This coin has had an unfathomable impact in the cap market in that it would be a viable altcoin for those who missed out on Dogecoin and are looking for inexpensive crypto investment.
Though it remains below a dollar, it is most likely outpacing the Dogecoin. This electronic coin has been among the first cryptocurrencies to have a decentralized exchange network, ShibSwap. There is a fair distribution of this coin in the market.
Interestingly, the Shiba Inu coin has three tokens that serve different purposes:
- The SHIB: It is the primary token that has dual utilities. Investors earn it as a reward for transacting on Ethereum as a result of improving liquidity. You can find the swap services on leading exchange networks.
- Leash: This is a scarce token regulating liquidity and consequently Doge prices and Ethereum ecosystem. Ideally, it helps aid the scarcity of this crypto.
- Bone: This is the float plan that enables decentralized Shiba swap services. You could equate this to the DeFi token on other exchange platforms.
The idea behind this coin’s popularity is the meme-inspired digital currency, drawing its inspiration from Dogecoin. Many investors have flooded this project, thus the increased liquidity.
Investing in cryptocurrencies comes with advantages that most traders want to know before committing. Here is what you are likely to gain if you opt to trade in this cryptocurrency.
- It is affordable
The first thing that attracts investors is the investment’s price. You can get one Shib token with as low as $0.0000697 –consider getting at least 100000 SHIBS for one US dollar. It means that you can maximize this opportunity with few dollars and earn bountifully. The Shiba Inu investment would be worth more than other leading competitors like Ethereum and Bitcoin.
2. Excellent market capitalization
Trading in this cryptocurrency has been the new thing for investors. The Shib digital currency has won a market cap of approximately 3.6 billion dollars with more investors. This has earned it a share of the cryptocurrencies to watch in the coming decade.
3. Integration with DeFi and Ethereum networks
There is an added advantage when investing in a cryptocurrency that integrated DeFi and Ethereum platforms as you can transact effortlessly. You can convert BTC to eth and even Shib coins without switching wallets.
4. Significant trading volume
Cryptocurrency investors understand why trading volume matters; it determines any investment’s future. This digital currency has attracted thousands of traders since its inception. Countless investors mean that the digital currency would be here for an extended period.
5. Exchange at lower rates
Meme digital currencies shape the blockchain ecosystem; the Shib coin is at the forefront, outpacing the famous Dogecoin. You can venture into Shib digital currency investments and try your luck.