A Beginner’s Guide To Buying Shiba Inu Coin In The US

Shiba investing is a dynamic and potentially profitable venture. Here is all you need to know about how to buy Shiba in the USA, investing strategies and tips, and how to start trading this meme cryptocurrency.

In recent years, meme coins are becoming more and more popular in the cryptocurrency market. One of such coins is Shiba Inu, a relatively new cryptocurrency project that has already won lots of interest in a short time.

So, what is the Shiba Inu coin, and why was it created? This guide will introduce you to this cryptocurrency project, discuss its goals and objectives, its price history, future price predictions, and show you how to buy Shiba Inu coin in the USA.

We will be answering both these questions in this Shiba Inu investing guide. We will also tell you the 3 best places to buy Shiba Inu and everything else you need to know before buying Shiba Inu.

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Virtual currencies are highly volatile. Your capital is at risk

Read on.

How To Buy Shiba Inu In the USA –  Quick Guide

If you want to jump straight to buying Shiba Inu, the second most valuable meme coins, follow the four-step guide that teaches you how to buy SHIB in the USA via eToro with as little as $10.

• Step 1: Open an eToro Account – Open the official eToro website and create a crypto trader account here. The account creation process is smooth and its approval relatively fast.
• Step 2: Deposit Funds – Deposit cash into the eToro trading account. You need a minimum of $10 to start buying Shiba Inu via eToro. The supported payment methods include PayPal, credit cards, debit cards, bank wire transfers, and eWallets (Skrill, Neteller).
• Step 3: Search for Shiba Inu – go to the search bar on the eToro dashboard and type in SHIB or Shiba Inu from the dropdown menu.
• Step 4: Buy Shiba Inu (SHIB) – Finally, indicate the number of SHIB tokens you wish to purchase and hit the “Open Trade” button.

That’s it! By following these easy steps, you can invest in Shiba Inu in the USA in less than 5 minutes.

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Virtual currencies are highly volatile. Your capital is at risk

Where To Buy Shiba Inu (SHIB) in the USA

Shiba Inu is one of the most popular meme coins. Throughout 2021 and for the better part of 2022 it has continued attracting massive investor interest and growing its community of followers. All these have helped draw recognition to the coin and ensured that it is listed with all the most popular exchanges in the USA.

To help you get started with buying Shiba Inu, we will be introducing you to the three best places to buy Shiba Inu in the USA today:

1. eToro  – Overall Best Place to buy Shiba Inu (SHIB) in the USA

eToro ranks highly on our list of top crypto exchanges to buy Shiba Inu in the USA because of its innovative and resource-rich trading platform. It also makes it here because of its affordable deposit and trading minimums as well as low and transparent trading fees. We also feature it among the best crypto trading platforms because of its appeal to both beginner and expert investors.

It all starts with a straightforward client onboarding process and a relatively fast account approval process. It then extends to affordable deposit and trade minimums of $10, which can be deposited via such popular payment methods as PayPal, credit cards, debit cards, bank wire transfers, and eWallets.

eToro’s trading platform is also highly intuitive and beginner-friendly. But it also integrates a host of trading, research, and risk management tools that appeal to expert investors. Further, eToro is a relatively liquid exchange and maintains some of the fastest order execution speeds.

You even have the option of trading Shiba Inu CFDs or buying actual Shiba Inu tokens (depending on your country of residence) and all these make eToro appealing to Shiba Inu day traders.

Deposits into eToro are free. Plus, when buying Shiba Inu on the platform, you will only have to part with the fixed 1% transaction fee.

Other factors that convince us why eToro is one of the top exchanges to buy Shiba Inu are its added perks. The crypto exchange, for instance, lets you interact with its social and copy trading platforms that let both expert and novice Shiba Inu investors earn passively. Further, eToro provides crypto investors with a free custodial vault that stores 90% of its holdings offline as well as a non-custodial mobile wallet app.

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Virtual currencies are highly volatile. Your capital is at risk

2. Crypto.com – Best Place to buy Shiba Inu in the USA For High Instant Deposit Limits

Crypto.com is a relatively new but massively popular crypto exchange. It is also deeply liquid as it often processes crypto trades worth more than $2 Billion daily. But this isn’t the primary reason why we featured it on our list of top exchanges to buy Shiba Inu.

We include it here because of its support for instantaneous and relatively higher deposit minimums. For instance, while you can deposit a maximum of $40,000 daily on eToro via cards, Carypto.com lets you deposit up to $50,000 daily, instantly.

Crypto.com also makes it to our list of best exchanges to buy Shiba Inu because of its beginner friendliness. This is evidenced by its easily navigable user interface, a straightforward client onboarding process, and the fact that the exchange maintains affordable deposit and trade minimums – of $20.

The supported payment methods on the fast-growing crypto exchange are credit card, debit card, bank transfer, SEPA, Transfer Wise, and even PayPal. Most of these deposit methods are instantaneous and crypto.com doesn’t charge deposit processing fees. You only have to pay the transaction fee charged by your payment service provider.

The only other fees you get to interact with when buying Shiba Inu on Crypto.com are the competitive and heavily discounted trading fees. Here, you pay a fixed maker/taker fee of between 0.4% and 0.10%. And if you stake 5000 CRO (Cronos) tokens on the platform, you get to enjoy a 10% discount on the transaction fees, bringing this cost of trading down to between 0.36% and 0.09%.

In addition to being beginner-friendly, the Crypto.com trading platform also appeals to expert crypto investors. It achieves this by maintaining some of the fastest order execution speeds. It also integrates a diverse range of premium trading, analysis, and risk management tools. And they all, plus its deep liquidity, make Crypto.com one of the best trading platforms for active traders.

Other reasons why we feature Crypto.com among the top exchanges to buy Shiba Inu include its innovativeness. It, for instance, recently launched the crypto staking and lending programs that let Shiba Inu investors earn passive incomes on staked SHIB tokens. They also get to borrow funds against up to 50% of their staked/saved tokens at highly competitive interest rates and flexible repayment periods – up to 12 months.

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Virtual currencies are highly volatile. Your capital is at risk

3. Binance – Best Place to Invest Shiba Inu (SHIB) For Low Trading Fees

Binance is one of the most liquid crypto exchanges in the world – processing crypto trades worth more than $40 Billion daily. It also maintains some of the lowest crypto trading fees. For instance, when buying Shiba Inu on the Binance exchange, you will only pay a maker/taker fee of between 0.1% and 0.04% – based on your 30-day trading volume.

Moreover, if you pay the transaction fee with BNB coins, you get to enjoy a 25% discount on the fees, bringing them further down to between 0.075% and 0.03%.

These explain why Binance features prominently on our list of the best places to buy Shiba Inu today.

But low fees and deep liquidity aren’t the only reason why Binance ranks this high on the list of top exchanges to buy Shiba Inu. Others include the fact that it supports a wide range of crypto assets, which increases the number of Shiba Inu crypto pairs available for trading on the platform.

Additionally, Binance maintains an easily navigable user interface. This platform then integrates the widest range of premium trading, analysis, and risk management tools. It also maintains some of the fastest crypto order execution speeds. Not forgetting that you can start trading Shiba Inu with as little as $1 on Binance.

The low trading minimums, intuitive interface, and low trading fees make it one of the most beginner-friendly crypto exchanges. The fast order execution speeds, a wide range of Shiba Inu trading pairs, low fees, and advanced trading tools make it appealing to active traders, especially scalpers.

Like all other best places to buy Shiba Inu, Binance maintains a smooth and straightforward client onboarding process. It also provides its platform users with free crypto custody services by promising to hold their Shiba Inu tokens in offline vaults on their behalf. And if you are looking for non-custodial crypto wallet services, Binance provides you with a free mobile wallet app – the Trust Wallet.

Binance also stands out with its outsized crypto-insurance scheme. It has established a $1 Billion private insurance fund, referred to as SAFU (Secure Asset Fund for Users), to compensate crypto investors on its platform in case of breaches that lead to loss of investment.

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Virtual currencies are highly volatile. Your capital is at risk

What Is Shiba Inu (SHIB)?

Shiba Inu is a meme coin that launched in August 2020, named after the all-popular internet meme of a Shiba Inu dog. It even features the head of the dog breed as its symbol.

The dog-themed joke currency was created by an anonymous entity referred to pseudonymously as “Ryoshi.” It was inspired by the success of the dog-themed meme coin – Dogecoin.

Shiba Inu is even referred to as the “Dogecoin killer” because when it started, its website indicated that the meme coin’s primary goal was dethroning DOGE as the lead meme coin. It achieved this – momentarily – at the height of the early 2021 crypto market rally.

After the mid-2021 crypto market crash, its goals changed. It shifted its focus from dethroning Dogecoin to enriching the Shiba Inu ecosystem. To this end, its development team launched a clear roadmap that indicates the different fundamental adjustments they intend to add to the Shiba network.

Key among them is the launch of the ShibaSwap decentralized exchange. They also intend to launch a launchpad for tokens, which will accelerate the burn rate for Shiba Inu tokens. They have also hinted at creating Shibarium – a layer-2 scaling solution for Ethereum that Ryoshi argues will be more decentralized than Polygon or Binance Smart Chain.

All these factors have helped convince most crypto investors of Shiba Inu’s sustainability. They have also played a crucial role in fueling investor interest in the joke currency.

Is Shiba Inu (SHIB) A Good Investment?

Shiba Inu is a massively popular cryptocurrency that has posted incredible value gain in the past, enough to convince any crypto trader of its viability as an investment. But the fact that it is a meme coin casts a wide shadow of doubt over its sustainability.

To better understand whether it is worth buying Shiba Inu today, we need to look at both the reasons for buying the joke coin today and the risks associated with SHIB investing at the moment.

Reasons To Buying Shiba Inu (SHIB) Today

• Potential for massive value gain: Increased burn rate for Shiba Inu tokens as well as an expanded ecosystem that increases the token’s use cases are expected to fuel value gain for the meme coin. These plus a recovering crypto market will undoubtedly catapult a SHIB investor’s portfolio to new heights.
• The hype around the coin is growing: The hype around Shiba Inu has been on the rise, fueled by endorsements from celebrities, association with the likes of Vitalik Buterin, and a massively vibrant online community of followers.
• Accessible and highly liquid: Shiba Inu is listed with virtually all the most popular exchanges and its daily trade volumes have been on a perpetual rise. This makes the liquidation of even the largest SHIB portfolio relatively easy and fast.
• Incredible past price action: You may also consider buying Shiba Inu today because it posted massive value gain in the past. Experts do not expect this wave of unprecedented value gains to die any time soon because all the factors that helped catapult SHIB to an all-time high in 2021 are still actively fueling its current recovery.
• It is resilient: You may also want to buy SHIB tokens because they have proven their resilience. Despite the backlash meme coins have been subjected to by the mainstream media and the volatile market crashes in mid-2021, SHIB has sustained its uptrend and its position among the 20 most valuable crypto projects.

 Risks Of Buying Shiba Inu (SHIB)

• It is massively volatile: Shiba Inu is a massively volatile crypto asset and its price crashes often. The dog-themed coin is, for instance, currently selling close to 90% below its all-time high, and there is no telling if it will ever recover.
• High risk of collapse: Meme coins have the highest risk of collapse. They form the greatest pile in the pit of dead coins and Shiba Inu is not immune to the factors that caused the stall and eventual death of its peers.
• Large circulating supply: Shiba Inu’s expansive supply of 500+ trillion tokens places a subtle limit on how high the token prices and the ecosystem’s market cap can reach in the foreseeable future. This then places a cap on just how high your crypto portfolio grows.

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Virtual currencies are highly volatile. Your capital is at risk

Shiba Inu (SHIB) Price Prediction

Despite the value loss, the majority of analysts are confident that Siba Inu will recover and reach new heights over the next few years. Some of the factors that they believe will help revive Shiba Inu include a recovering crypto market and support from SHIB’s growing community.

They also expect growing investor interest in the meme coin and a revived meme coin craze to play a crucial role in getting Shiba Inu back to its all-time high prices.

Overall, the majority of crypto analysts and investors are convinced that Shiba Inu has everything it needs to force a rebound and a price run towards, and possibly above, the current all-time high.

The most optimistic, like technical analysts at Gov Capital, are convinced that Shiba Inu can recover and grow its worth by more than 31000% to reach $0.00093 by the end of 2023.

The crypto industry players are also massively bullish about Shiba Inu’s medium-to-long-term price direction. They are confident that an expanding ecosystem, the increased burn rate for Shin Tokens, and sustained investor confidence in the meme coin will help sustain its uptrend.

Over the next 5 years, for instance, technical analysts at the reputed Wallet Investor expect Shiba Inu price prediction to have reached $0.00013. By the turn of the decade, analysts at Telegoan expect Shiba Inu token prices to rise by close to 9000% and reach $0.00112.

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Virtual currencies are highly volatile. Your capital is at risk

Ways To Buy Shiba Inu (SHIB) in the USA

While discussing the top exchanges to buy Shiba Inu, we pointed out the diverse payment methods.

In this section, we will be expounding on the three most popular ways of buying Shiba Inu in the USA today.

How to Buy Shiba Inu With Credit Card and Debit Card

Credit cards and debit cards are arguably one of the most accessible payment methods. A large number of crypto exchanges, including the three we have discussed hereinabove all let you buy Shiba Inu with credit and debit cards.

The upside to buying Shiba Inu with credit cards can be attributed to the fact that card payment processing is almost instantaneous. Additionally, most of the exchanges that we have listed above do not maintain deposit processing fees for card payments.

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Virtual currencies are highly volatile. Your capital is at risk

How to Buy Shiba Inu With PayPal

A growing number of crypto traders prefer buying Shiba Inu with PayPal because of its efficiency. The payment method is easy to use and transaction processing instantaneous. Additionally, most crypto exchanges that support PayPal do not maintain a deposit-processing fee.

The only downside to buying Shiba Inu with PayPal is that only a handful of crypto exchanges – like eToro – support PayPal deposits.

How to Buy Shiba Inu Bank Account

Banks are the most accessible payment methods. This explains the reason virtually all the crypto exchanges, including the top trading platforms we have featured in this Shiba Inu investing guide, welcome bank deposits.

The upside to buying Shiba Inu with bank deposits is that most exchanges do not have a maximum deposit limit for bank transfers. The downside, on the other hand, is that bank transfers take relatively long before they can be processed. At eToro, for instance, it takes between 3 and 8 days for a bank deposit to reflect in your trader account.

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Virtual currencies are highly volatile. Your capital is at risk

Best Shiba Inu (SHIB) Wallet

There are two primary types of wallets that you can use to hold your Shiba Inu investment. The first and most accessible option is the free online wallets provided by crypto exchanges or such third-party crypto custody service providers as MetaMask and Exodus.

The only downside to holding your SHIB tokens in an online wallet is that it exposes you to hacking threats.

For this reason, we advise our readers to get their private keys off exchanges and online wallets and move them to reliable hardware wallets. These store your keys offline – away from the many threats facing hot wallets.

How To Buy Shiba Inu in the USA – Tutorial

Throughout this post, we have told you everything you need to know about buying Shiba Inu. From what it is to its past price action, the top exchanges to buy Shiba Inu in the USA, and even the different ways to buy the meme coin.

Next, we provide you with a step-by-step guide on how to buy Shiba Inu on the all-popular eToro trading platform.

Step 1: Create a trader account

Open the official eToro website and hit the “Join Now” icon to begin the account creation process. Complete the registration form that pops up. It asks for such personal information as your name, address, and phone number. It will also ask about your trading history and source of income.

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Step 2: Verify your identity

To complete the registration process, the multi-regulated crypto exchange will require you to verify your identity. You achieve this by emailing a copy of a government-issued document to the eToro support team.

Step 3: Deposit funds into the account

Log in to your approved crypto trader account and on the user dashboard, tap on the “Deposit” icon. A funding window will pop with a list of the payment options available to you based on your country of residence. Choose one and follow the prompts to complete the deposit. Note that the minimum you can deposit into eToro is $10.

Step 4: Search for Shiba Inu

On the user dashboard, click on the “Discover” tab, and from the list of available asset classes, choose “Crypto.” Use the search option to find Shiba Inu or simply locate it from the list of crypto assets supported on the platform.

Step 5: Buy Shiba Inu

Click on the “Buy” option. A trading window will pop up and you can customize the investment here by indicating the amount of cash you wish to spend on buying SHIB tokens or the number of Shiba Inu tokens you wish to purchase. Complete the trade by hitting the “Open Trade” button.

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Virtual currencies are highly volatile. Your capital is at risk

How To Trade Shiba Inu (SHIB) Coin In The USA

This part of the article will guide you on how to actively trade Shiba Inu coins in the USA.

1. Find a Crypto Platform that Supports Shiba Inu

To start trading Shiba Inu, you first need to find a platform that supports this cryptocurrency and accepts USA residents. Trading platforms usually differ in the amount and types of fees they charge. Some platforms are easy to use, while others don’t work too fast and are pretty hard to use. So, try to consider these two factors in making the final decision based on your needs.

2. Fund Your Account

The second step is about the technical parts of the process. Here, you need to create an account; verify your identification, and finally fund your account in order to be able to trade Shiba Inu.

3. Find a Trading Strategy That Works For You

Before starting the trading process, it would be better to find a trading strategy that matches your personality. You can find lots of trading strategies on the Internet, explore them and choose whatever you find most suitable for you. You can select an active or a passive strategy – Active trading, for example, include day trading, scalping, swing trading, trend trading, etc. The “Buy and hold” strategy is one of the passive investment strategies.

Crucially, here you must understand that the main difference between passive and active trading is that in the case of active trading, you need to actively follow the crypto market’s changes, news, crypto prices, etc. However, for passive trading, you don’t have to spend too much time on such things. But, the mechanism in both cases is the same – you buy and sell crypto to make some profit from its price fluctuations.

Take note that some platforms also provide a demonstration account to help you get familiar with the platform and to test different trading strategies before risking real capital.

4. Start Trading Shiba Inu Coin

That’s it, when you have a verified account and a trading strategy, you can start trading the Shiba Inu coin. However, if you cannot make a final decision about investing or not, here is some more information about Shiba Inu to help you get more decisive in your investment decision.

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Virtual currencies are highly volatile. Your capital is at risk

How To Sell Shiba Inu (SHIB)

It is simple. Start by logging in to eToro or the exchange where you purchased your Shiba Inu tokens. Deposit the SHIB tokens to the exchange (assuming you had taken your meme coins off the exchange and onto an offline wallet).

Open a sell order. If you wish to sell the coins immediately and at the prevailing market rate, open a market order. If you wish to set the selling price for your coins, open a limit order and set your selling price.

Conclusion – How To Buy Shiba Inu in the USA

Buying Shiba Inu doesn’t have to be complicated. There are now a growing number of tier-one crypto exchanges that list the meme coin and they all have oversimplified the process of buying SHIB on their platforms.

To help you start investing in the meme coin, we have discussed the best exchanges to buy Shiba Inu. We have also provided you with a step-by-step guide on how to buy Shiba Inu at eToro.

We have even described the different ways through which you can buy Shiba Inu. We have taught you how to buy SHIB with PayPal, credit cards and debit cards, and even banks. And you only need $10 to start buying Shiba Inu on eToro.

The Best Place To Buy Shiba Inu in the USA

Open an account with eToro, deposit some funds with USD, and finally – buy SHIB from just $10. 

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Virtual currencies are highly volatile. Your capital is at risk

FAQs About Buying Shiba Inu

What will Shiba Inu be worth in 2023?

The crypto market is wildly volatile and unpredictable at the moment. Therefore, no one can tell with utmost accuracy what Shiba Inu will be worth by the end of the year. The majority of analysts and investors are nevertheless confident that Shiba Inu token price will rebound and be worth much more in December than its current price.

Is Shiba Inu worth buying today?

Yes, Shiba Inu is worth buying today because it has proved its resilience. There also is a lot of developer activity on the Shiba Inu network, the meme coin is growing its community of followers and there is increased investor interest in Shiba Inu – all of which are expected to continue fueling SHIB’s value gain.

Will Shiba Inu ever reach $1?

It is not impossible for SHIB to eventually reach $1. To get here, however, it will need to burn a significant portion of the SHIB tokens in circulation.

Which is the best US exchange to buy Shiba Inu?

In this post, we have discussed what we consider to be the three best exchanges in the USA to buy Shiba Inu. They all are great trading platforms but we would recommend that you create a trader account with eToro. The crypto exchange isn’t just beginner-friendly but also maintains affordable deposit minimums and competitive trading fees.

Can I buy Shiba Inu with PayPal?

Yes, you can buy Shiba Inu with PayPal. This, however, can only be done through a crypto exchange that supports PayPal deposits, such as eToro.

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Virtual currencies are highly volatile. Your capital is at risk

So, what might happen if you invest $100 in Shiba Inu today? Well, you might luck out and make a 200% profit in just a few days, or you may sell your SHIB coins at the wrong time and lose some of your capital. The size of your profit (or loss) will depend not only on the unpredictable crypto market and Shiba price prediction but also on your capabilities as an investor.

If you invest $100 in Shiba Inu today and the value of the meme cryptocurrency increases due to high demand by investors, say up to $180, you stand a chance to make a profit of $80. This is because Shiba Inu is a digital financial asset. But if the value of Shiba Inu Coins (SHIB) drops due to a huge sell-off by a lot of investors or a decreased demand by investors to let’s say $65, you stand a chance of making a loss of $35.

However, in the world of investing and crypto investing for that matter, you will only see a profit or loss if you decide to sell your asset.

To learn more about the Shiba Inu crypto project and how you can invest in Shiba Inu Coins, keep reading. 

>>>Buy Shiba Inu Now<<<

Virtual currencies are highly volatile. Your capital is at risk

If You Invest $100 In Shiba Inu Today, What Happens?

The price of Shiba Inu (SHIB) has been soaring since the end of January 2021. So, if you were to invest $100 in Shiba Inu today, there is a huge chance that the crypto boom that saw 90% of all cryptocurrencies test new all-time highs could lead you to reap enormous gains in the future.

As it is, Shiba Inu’s value has increased dramatically, having returned 1,291,831.88% for fans of the token who believed in the possibilities of the Dogecoin Killer right from its launch to date.

This has taken the market capitalization of SHIB to more than $11 billion. This value of Shiba is going to soar even higher, which will translate to higher returns for investors, considering the high profile support the token has received from popular and well-established cryptocurrency exchanges such as eToro, Binance, OKEX, and Coinbase among others. It took meme-inspired currency Dogecoin (DOGE) more than 7 years before being considered as a worthy asset on most of these reputed exchanges.

Aside from this, the valuation of the cryptocurrency continues to benefit from innovations from the project such as a decentralized exchange called Shibaswap. This sets Shiba Inu apart from other meme-inspired projects that lack the necessary infrastructure to support their native tokens.

This is one of the primary reasons why analysts at Wallet Investor who employ fundamental and more essentially technical analysis believe SHIBA has a great potential in the market.

According to the analysts, price drivers such as new developments from SHIB, increased adoption and utility, favorable technical indicators, and cryptocurrency market sentiment could see the coin increase to a maximum price of $0.000070 by the end of 2022. The cryptocurrency forecasting portal further estimates SHIB to trade for a coin at $0.000115 on the last day of 2023 and soar to $0.000265 around January 2027.

This means that investing $100 in Shiba Inu today could see you with more than 1,100% returns in the long term.

But you might wonder, can you really invest $100 in Shiba Inu? Let’s find out.

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Virtual currencies are highly volatile. Your capital is at risk

Can I Invest $100 in Shiba Inu?

You can invest as little as $100 in Shiba Inu. In fact, you can buy about 4.8 million Shiba Inu coins worth a $100 investment.

If you decide to hold onto the coins for the long term and SHIB tests a new all-time high of $1 someday, we all know what the sum of that new price and number of coins would make you.

But before you invest in SHIB with $100 or any other sum of money that fits your investment budget, let us discuss what Shiba Inu is.

What Is Shiba Inu?

Launched in August 2020 by a group of people who go by the pseudonymous name RYOSHI, Shiba Inu comprises three entities that ensure its efficiency and survival in the crypto market.

They are the Shiba Inu Protocol, its cryptocurrency SHIB, and the Shiba Community which keeps the intensity of the project across the various social media channels going.

After appearing on cryptocurrency exchanges in August 2020, SHIB had an initial value of $0 but has hit levels of up to $0.00008845 to date.

Once you buy Shiba Inu Coins on a centralized or decentralized exchange, you store your holdings in a digital wallet that can be accessed through private keys.

These keys can be set by you (in the case of using centralized exchanges) or a random set of names/digits will be provided to you (in the case of using decentralized exchanges) to allow you to own and use your Shiba Inu Coins. As a result, it is essential to hold onto your private keys.

On centralized exchanges such as eToro, Binance, and Coinbase, you could request a password (keys) change if you have forgotten the old one. Normally links are sent to the email address used to register for an account with the exchange or a code is sent to your verified phone number to help you reset the password and regain access to your account.

On the other hand, wallet providers (such as TrustWallet and MetaMask) for decentralized exchanges such as Uniswap and Sushiswap caution holders to hold onto their private keys because, without them, there is little chance of you accessing your account.

The creation, distribution, trading, and storage of virtual currencies including Shiba employs a decentralized ledger system called blockchain while payments are facilitated through peer-to-peer (P2P) technology.

To maintain and update the protocol to meet the modern standards of decentralized finance, Shiba Inu relies primarily on upgrades on the Ethereum Network. What’s more, companies that list SHIB as an option of payments such as Paraguay’s largest Entertainment Group, Grupo Cinco, employ the Lightning Network to process transactions. This makes up for the relatively lower processing speeds of Ethereum’s 1.0 Network.

To illustrate how Shiba Inu works as an investment instrument, anyone who purchased the digital asset in its first months of existence as a tradable token and believed in its possibilities in the market has made incredible returns today. More importantly, depending on the total sum of investments made, your returns could be in the thousands or millions if you held onto your Shiba holdings for the entire period to date.

For instance, if you invested $100 when Shiba had an insignificant figure of $0.00000003 on 31st January 2021, you purchased 3,333,333,333 (more than 3 billion Shiba Inu Coins). If you held onto the excess of 3 billion SHIBs when it reached its all-time high in October 2021, the value of your $100 Shiba holdings would have been worth $293,333 at that time (293,233% increase in your $100 investment capital).

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Virtual currencies are highly volatile. Your capital is at risk

What Makes Shiba Inu So Valuable?

Shiba Inu, like all cryptocurrencies, holds no intrinsic value. To put it simply, Shiba Inu is not backed by any physical asset such as gold.

However, deducing from the definition brought forth by analyst Will Kenton earlier on, the worth of SHIB is determined by the demand of the coins by investors. As a result, when more investors pour liquidity into the token, its market value increases, and when the same investors decide against throwing more money behind the digital asset, its market value decreases.

Because of its status as a cryptocurrency (digital currency) with no physical representations, no government or central bank supports its usage. Therefore it does not qualify as a legal tender.

Yet, Shiba is among the noteworthy cryptocurrencies on the market. Ranked as a top 15 digital asset, Shiba Inu is more valuable than some mainstream companies such as Kaiser Aluminum (KALU), Paramount Group (PGRE), Deciphera Pharmaceuticals (DCPH), and Clean Energy Fuels (ICFI) whose market capitalization is below $2 billion.

Many proponents of digital currencies view the asset class as the future of finance. Many experts believe that Shiba Inu provides a quicker, cost-effective payment system that can transform global transactions.

Although its primary competitor Dogecoin has been mired by controversies related to cyber security activities, Shiba Inu has steered clear of such unfavorable news. This is the primary reason why the cryptocurrency’s value has risen proportionately due to increased demand by investors who believe SHIBA can provide them with consistent passive income for a long time.

How To Invest $100 In Shiba Inu

There are several ways through which you can invest $100 in Shiba Inu. For quality and value for money, we’d recommend buying SHIBA from centralized cryptocurrency exchanges that are well-established (eToro, Binance, Coinbase, etc).

Aside from that, we’d recommend you buy Shiba Inu coins from the largest decentralized exchange (DEX) by trading volume, Uniswap. These exchanges have rave reviews from millions of users.

There are no limits with regards to the amount of money you can invest in Shiba Inu. The only thing you have to deal with is the minimum amount you can invest in SHIB from the exchange of your preference. Most exchanges have set cryptocurrency purchases at a minimum of at least $10. Therefore, it is possible to start investing with $100.

Kindly follow the steps and you’d be on your way towards putting your $100 into good use on centralized (CEX) and decentralized exchanges (DEX).

1. Register an account with eToro

You will be required to input details of your full legal name, phone number as well as your email and residential address.

2. Verify your account

You will be required to upload documents in the form of a government-issued identification card such as a Passport, Driver’s License, or National card. More often than not, to fully verify your account, proof of residence is requested to confirm your billing address. eToro takes less than 24 hours to verify accounts depending on how cooperative you are as a client.

3. Deposit Funds

Choosing from a range of options (bank transfer, credit/debit cards such as Visa, Visa Electron, MasterCard, and Maestro, online wallet from financial service companies such as PayPal, Skrill, Neteller, and Rapid Transfer), you can deposit fiat currency in the form of $100 or its equivalent in other currencies.

4. Buy Shiba Inu

On the Shiba page, you can buy $100 worth of SHIBs. Your order will be calculated, processed, and completed.

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Virtual currencies are highly volatile. Your capital is at risk

Will Investing $100 In Shiba Inu Make You A Millionaire?

It’s possible to become a millionaire if you hold on to your Shiba investment for the long-term and Shiba rises to more than $0.01 in value. Fortunately. Shiba’s value continues to attain new Heights.

For understanding, let us employ simple mathematics in our analysis of a $100 SHIB investment turning into a millionaire maker.

At $100, you can purchase more than 4,816,955 coins.

You could become a millionaire if SHIB trades for $0.4 in the future. Although there aren’t any analysts or experts who have used fundamental or technical analysis to make such a forecast, the volatility of cryptocurrencies means that such a valuation could be possible someday.

At $0.65 and 4,816,955 coins in holdings, simple mathematics in the form of multiplication will provide the millionaire maker statistic.

$0.65 multiplied by (×) 4,816,955 totals $3,131,021.

If SHIB tests $0.8, your $100 investment could turn to $3,853,564. If SHIB tests one of the most trending questions online, can Shiba coin reach $1, you will see your holdings worth at least $4.8 million.

Shiba Inu continues to be involved in a substantial part of the current crypto revolution called decentralized finance. Shiba interacts with DeFi projects on Ethereum. Therefore it continues to be involved in several trades involving crypto pairs on Uniswap and Sushiswap. Shiba tokens can also be used to provide liquidity to markets on Aave, Compound, and Maker among others since the tokens can be converted to their respective native assets AAVE, COMP, MKR, and as well be swapped with Ether (ETH).

Many people consider Shiba Inu to be a high-risk investment due to its newness on the market. With that said, the popularity of the coin, the daily trading volume it records, and the exposure it has gained through its listing on well-established exchanges make Shiba a digital asset that is likely to deliver massive returns.

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Virtual currencies are highly volatile. Your capital is at risk

What To Consider When Investing $100 In Shiba Inu?

When investing $100 in Shiba Inu, it would be in your interest to consider the following:

Virtual Currencies and Blockchain Technology Is a New Concept

Satoshi Nakamoto has done well by helping the world know about the possibilities of blockchain technology. In October-November 2021, the prices of cryptocurrencies were soaring to new highs but acceptance as a mainstream legal tender is far from reality. Cryptocurrency exchanges continue to be mired by regulatory concerns and hacking incidents. Investing $100 does not mean you are going to witness gains in the short or long term. No one knows the future of cryptocurrencies, so invest with caution.

Know the Actual Costs Involved

Find out more about the processes involved in reaching $100 worth of SHIBs. This is because you may pay more for your purchase. A great example can be attributed to using a depositing method that commands a fee from your preferred centralized exchange (CEX). Using DEX means that you will have to deposit funds in Ether (ETH) in a wallet before being able to buy Shiba from Uniswap.

Know Your Risk Tolerance

Can you afford to lose $100? Suppose SHIB should go extinct tomorrow, will you be affected by the loss of your capital? SHIB is currently trading at $0.00003. Shiba continues to experience massive fluctuations (spikes in price today and sharp recessions tomorrow). If you assess your risk tolerance and you are good to go, then you can carry on and invest $100 in Shiba Inu.

Should You Invest In Shiba Inu?

While it might have been better to have invested in Shiba much earlier, it is not too late to invest now. This is because it is currently trading at a downside and an investment of $100 in Shiba today could earn you enormous returns in the future.

According to the analysis made by experts across reputable forecasting portals, Shiba Inu is an asset that is worth considering.

Most investments come down to the two factors of risk and reward. Do the potential rewards of investing $100 in Shiba Inu outweigh the consequences of the risk associated with the investment?

Investing in SHIB has brought enormous returns to some investors at one point making two brothers millionaires. Who knows, an investment of $100 in Shiba Inu today could do the same in the future. 

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Virtual currencies are highly volatile. Your capital is at risk

Is $100 Enough to Invest in Shiba Inu?

Whether $100 is enough or not depends on your end goal. If you want to reap enormous gains, then $100 might not be enough. But if your goal is simply to get some profit or to jump onto the Shiba Inu train, then it is more than sufficient.

Can Investing $100 in Shiba Inu Make You Wealthy?

Well, it depends on how much Shiba Inu will rise in the future and when you’re going to sell it. For example, if you had bought $100 worth of SHIB when the price of a single Bitcoin was $0.00001 and later sold it when it hit $0.00004, you would’ve made a $400 profit. However, if you had instead bought $100 worth of SHIB back when it was $0.000001, you could’ve made $100,000. Usually, when people invest low amounts, such as $100, they just reinvest their profit into their asset of choice instead of cashing out.

Shiba Inu is still at that stage where you can make millions of dollars by investing as little as $100 in it. There’s another way to become wealthy by investing as little as $100 in Shiba Inu: doing it on a regular basis, just like how you’d top up your savings account.

Can You Lose Money on Shiba Inu?

There are many ways in which you can lose money by trading or investing in Shiba Inu. Firstly, you may sell it at an inopportune moment and lose your initial investment.  Secondly, your private keys may be stolen, or you might lose access to your crypto wallet. Thirdly, you may run into a scam… And the list goes on.

So, What Is Going to Happen If I Invest $100 in Shiba Inu Today?

While the values of crypto assets are notoriously hard to predict, at this point, most mainstream investors and Bitcoin evangelists believe it will always eventually bounce back and conquer new highs. If Shiba Inu’s price skyrockets this year, then you will be able to multiply your investment tenfold.

A hundred dollars is not a large sum, and as long as you invest $100 in Shiba Inu and not a dollar more (or, at least, not a much more significant amount), then you won’t have to worry too much about losing your money.

Of course, if $100 is a large sum of money for you and you cannot afford to gamble it away, you probably shouldn’t make such a speculative investment.

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What Is The Right Amount To Invest In Shiba Inu (SHIB)?

There is never a ‘right amount’ or a standard minimum investment when it comes to cryptocurrencies like Shiba Inu. You can buy Shiba Inu altcoin with as little as allowed by your preferred crypto exchange or brokerage and as much as your trading experience, disposable income, risk tolerance, and investment strategy allow.

Most crypto experts nevertheless advise that you divest a minimum of 5% and a maximum of 40% to cryptocurrencies. How low or high up you go with this recommendation should be largely influenced by your risk tolerance.

Some cryptic analysts have even argued that everyone, regardless of their feelings towards the crypto industry, should allocate at least 1% of the investment portfolio towards these fast-growing digital assets.

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Virtual currencies are highly volatile. Your capital is at risk

Can I Buy Shiba Inu (SHIB) With $1?

Yes, you can buy Shiba Inu tokens worth $1 today. Some of the crypto exchanges like Binance maintain a relatively low trading limit and will, therefore, let you buy SHIB tokens worth as little as $1.

However, note that most of these exchanges do not maintain an equally low minimum deposit. In the case of Binance, for instance, you will be required to deposit a minimum of $15 before you can buy Shiba Inu tokens worth $1. 

How Much Would I Have If I Invested $1000 In Shiba Inu (SHIB)?

How much you would be worth today if you invested in Shiba Inu is largely dependent on the price at which you invested in the meme currency. If you, for instance, purchased SHIB tokens worth $1,000 on the day it launched, that investment would have grown to reach $24 million today.

However, if you invested $1,000 in Shiba Inu at its peak price on 10th May 2021, the value of that investment would have dropped by 26% to reach $740 today.

What Will Shiba Inu (SHIB) Be Worth In 2025?

Given the volatile nature of Shiba Inu prices and the unpredictability of the crypto market, it is not possible to predict with utmost accuracy what ship tokens will be worth in the next four years. The general feeling within the crypto market, however, is that SHIB token prices will continue rising in the foreseeable future.

Technical analysis of the future of the altcoin by the CoinPriceForecast website, for instance, indicates that a Shiba Inu will likely grow by 3,681%+ to reach $0.00078270 by December 2025.

Is It Smart To Invest In Shiba Inu (SHIB)?

A majority of crypto experts do not believe Shiba Inu is a smart investment because they feel that without intrinsic value, a clear roadmap, or the ability to solve a real-world problem, the meme currency future is rather meek.

Some analysts have also taken issue with the fact the coin only draws its value from social media buzz and celebrity endorsements which are bound to fade when a new and more interesting coin comes along.

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Bitcoin and Ethereum have been obvious choices for most investors in the crypto market for quite a bit. But with time, cheaper and promising coins have come into the market for investors to expand their portfolios. One such coin that has gained massive attraction lately is the meme coin Shiba Inu.

The meme cryptocurrency had a massive jump over the last few months of last year. It has emerged as one of the top traded tokens lately. But what drives SHIB token to skyrocket this year? Although the currency experienced a minor pullback, experts and crypto enthusiasts predict that the coin will soar to new highs this year again. Let us see why the Shiba Inu coin is going to explode in 2022.

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Is SHIB All Set To Explode In 2022?

Shiba Inu has been on a continuous rally since the beginning of 2021. Last October, the token even surpassed Dogecoin, positioning itself as one of the most valuable meme cryptocurrencies in the crypto market today. The primary catalyst for the last rise of SHIB was the unconfirmed speculation that Robinhood might be preparing to list it. So what drives Shiba Inu to increase in 2022?

1. SHIB’s Tremendous Rally

Although it started as a joke, Shiba Inu rose to become one of the top potential cryptocurrencies in the market. SHIB is an Ethereum-based token that supports numerous DeFi and NFT projects. Furthermore, it operates on the environmentally friendly Proof-of-Stake platform. The SHIB token was on its way to the moon in October-November 2021 after beating out its top rival, Dogecoin.

2. Significance Of Shiba Inu

The Shib ecosystem currently supports NFT, GameFi, and decentralized trading through its decentralized exchange ShibaSwap. Thanks to a strong community, a solid stream of endorsement from celebrities and renowned entrepreneurs, SHIB has experienced record gains.

Moreover, Shiba Inu is a cryptocurrency that provides users with tremendous earning potential. The primary purpose behind the network was to formulate an ERC-20 token and ecosystem priced low enough for any user to own millions of them. The team behind Shiba Inu intentionally launched the SHIB token with a price below a penny to make the platform profitable. So far, they have been successful as Shiba Inu has been on the watchlist of several potential investors over the past years.

Yet another significant factor of the token is its unlimited supply. Shiba Inu was designed in abundance intentionally. The coin was launched with a one quadrillion supply. Over 50% of this supply was locked in Uniswap, while the other half was later transferred to Ethereum co-founder Vitalik Buterin.

3. A Strong And Dedicated Community

A key catalyst that lifted the dog-themed crypto to its heightened popularity is certainly the SHIB Army. Apart from celebrity attention, the SHIB token is backed by a solid and dedicated community that pushes its popularity and value across multiple social media platforms.

The token was one of the most talked-about cryptocurrencies on social media in October 2021. This has led SHIB to hit a new all-time high of $0.00008845. Moreover, Shiba Inu has now exceeded Ethereum on total Twitter followers with a hit of 2.6 million. The soaring prices and the fast-growing community could push SHIB to explode in 2022 and beyond.

Additionally, the Shiba Inu and its community work a lot to benefit communities, creating strong alliances and partnerships at a non-profit level. These philanthropic contributions by SHIB are a dedicated community initiative and have garnered the attention and participation of investors and other crypto developers.

4. The Reduced Token Supply

Yet another significant reason why SHIB’s value and price would continue rising higher in the coming years is the drastic change in its supply. The cryptocurrency gained huge popularity and attention earlier this year with Buterin’s decision to burn 90% of the tokens in his possession by sending 410 trillion SHIB to an unusable and inaccessible wallet.

This has removed a significant amount of tokens from circulation forever, pushing SHIB’s value and demand higher.

5. Experts Speak Up

This new meme cryptocurrency has been drawing attention from investors across the globe. Several experts and analysts predict the price range of SHIB for the coming years.

Several experts think that Shiba Inu price prediction could top its resistance level and explode by 2022 if the token continues to maintain its current momentum.

Wallet Investor:

“Based on our SHIB price prediction, a long-term increase is expected; the price prognosis for 2026 is $0.000265. With a 5-year investment, the revenue is expected to be around +1,166.73%.”

GOV Capital:

“Our data indicates that the asset price has reflected a massive bull run for the past year, and it has tremendous long-term earning potential. The future price of the asset is predicted at $0.0001046 by the end of this year.”

Reddit Community:

“Based on our analysis, the results are not very encouraging as the bears may be back for SHIB, and the SHIB price may drop to $0.0000009 in 2022 and pose a risk for investors.”

 

The Shiba Inu Ecosystem

The Shiba Inu ecosystem aims to be the best decentralized ecosystem enriched by its own DeX. There are three significant tokens in the Shiba Inu ecosystem. Along with SHIB, there are also the LEASH token and the BONE token.

Both the tokens differ from SHIB in several factors, of which one is the supply limit. LEASH has a supply limit of 100,000 tokens, while BONE’s supply is limited to 250,000,00 tokens. The SHIB has a maximum supply of 1 quadrillion and currently has a circulation supply of 549,057.77 billion.

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Virtual currencies are highly volatile. Your capital is at risk

The ShibaSwap

Yet another significant part of the Shiba Inu ecosystem is ShibaSwap. The three tokens establish themselves through the ShibaSwap exchange. The major purpose of this is to create a safe environment for trading cryptocurrencies. They emphasize that their loyalties lay closely with the holders of the Shiba Inu tokens and thus keep the system completely decentralized.

The Token Burn

The developers took an unforeseen and unexpected decision when they locked up 50% of the SHIB token in Uniswap and gifted the remaining 50% to the Ethereum creator Vitalik Buterin. This propelled the Shiba Inu token to gain tremendous traction soon after the minting of 1 quadrillion tokens.

But as per information from last year, Vitalik Buterin buried 20% of SHIB, sending a total of 410 trillion SHIB tokens to an unusable and inaccessible wallet. But, by effectively removing a large portion of coins from circulation forever, the price of the SHIB will rise sharply with the reduction in its total supply.

This strategic move will eventually drive SHIB’s price to explode tremendously, probably by the end of this year.

Why Is Shiba Inu Going To Explode In 2022?

Thanks to its strong community and vibrant ecosystem Shiba Inu is one of the fastest-growing meme cryptocurrencies, making it a good potential.

Cryptocurrencies like Dogecoin and Shiba Inu are created to enable a community to trade for fun. But this never stopped Shiba Inu from exploring its potential and use cases in the blockchain space. The cryptocurrency calls itself an experiment in decentralized spontaneous community building.

Yet another exemplary benefit of the Shiba Inu cryptocurrency is its ability to be traded or exchanged between and with Bitcoin and other fiat currencies. Also, the network is waiting to explore other high security-packed features. Since the token is available in popular exchanges like EtORO,  Coinbase and Binance, traders can easily access and leverage them to convert SHIB to almost any other coin. This would eventually drive the adoption rate of the token, taking the value of SHIB to colossal highs.

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Virtual currencies are highly volatile. Your capital is at risk

So, Should I Buy Shiba Inu (SHIB)?

The decision on whether to or not to buy Shiba Inu should be based on your risk tolerance and your readiness to buy a joke currency that has no real value or reason for being other than that of outdoing yet another joke currency in having a larger number of followers and an even larger market capitalisation.

Looking at the SHIB token numbers and its ROI, it is easy to understand why you might want to succumb to FOMO.

The numbers say that Shiba Inu can turn out to be one the best crypto investment decisions you make if it sustains the uptrend momentum in the future.

But you have to remember that the token prices are driven by pure speculation and social media hype. This makes it one of the most volatile crypto products in the market today. There is no telling when the hype will die down or when authorities crack the whip on cryptocurrencies and the impact it will have on your SHIB token investment.

So, should you buy SHIB tokens in 2022?

We are fifty-fifty on whether to buy Shiba Inu at the moment because it has equal chances of up-trending or tanking. But if you must invest, we advise that you first take your time to study the coin and the market. Complement the information shared here with thorough research about Shiba tokens. Then, only invest if you are optimistic that you are buying at a dip and that token prices will continue ascending.

Why You Should Buy Shiba Inu (SHIB)

But apart from confirming that Shiba Inu tokens are trading at a dip and that they are expected to rebound, what other factors convince you to buy the Dogecoin killer? Here are three:

Positive market sentiment: The crypto market is rather optimistic about Shiba Inu’s future. Crypto experts are confident that its popularity will help it rebound and be worth more at the end of the year than it is today, and trader sentiments are a strong buy.

It is forging its own value: Shiba Inu developers made the first step towards creating real value for the token when they recently introduced the Shibaswap decentralized exchange. SHIB token will be DEX’s native digital currency.

It is liquid: Shiba Inu is relatively liquid, and its investors are on the verge of making it even more fluid by pressurizing different exchanges into listing the token. First in line is Coinbase and Robinhood.

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Virtual currencies are highly volatile. Your capital is at risk

Risks Associated With A Shiba Inu (SHIB) Investments

Like all other cryptocurrencies, Shiba Inu has its fair share of risks that you need to familiarize yourself with before buying your first batch of SHIB tokens. The most threatening right now are:

Massively volatile: The fact that Shiba Inu prices are determined by pure speculation derived from social media hype makes it one of the most volatile and unstable cryptocurrencies. Losing your entire SHIB token investment or a significant portion of it overnight is, therefore, not a distant possibility.

Sustainability: Shiba Inu is not anchored on any reliable technology, and it hasn’t been adopted as a medium of exchange. Its future is shaky, and there is no telling if it can survive a massive crypto industry dip.

The Bottomline

According to crypto experts, if the Shiba Inu token regains with the same bullish trend as of last year, the value of Shiba Inu could likely explode in 2022. Moreover, with further developments in its ecosystem, the cryptocurrency is poised for an upswing, making SHIB a good buy.

Having said that, meme cryptocurrencies like Shiba Inu are particularly volatile, and investors have to do their due diligence before investing in SHIB.

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Virtual currencies are highly volatile. Your capital is at risk

 

Are you wondering if the bearish outlook of the crypto market presents the perfect opportunity to buy Shiba Inu Coin? Or maybe you are like thousands of people who are unsure if Shiba Inu Coin is safe to invest in?

If you are new to the world of meme-inspired currencies and therefore Shiba Inu Coin investing, you may have asked questions such as, is Shiba Inu a good investment, or should I Invest in SHIB?

Well, according to many predictions for SHIB, YES is the answer to those questions. According to several price predictions, Shiba Inu is likely to be a good investment and investing in Shiba Inu Coin could bring you enormous gains in the future as it has for many already.

Shiba Inu Coin has increased substantially since the start of last year. SHIB has raked in huge gains for traders and investors considering it had an insignificant value at the start of the year. With the daily trading volumes being recorded which are used for fundamental and technical analysis; the figures posit that SHIB shows no signs of slowing down in the short or long term. Experts and analysts across the most credible cryptocurrency news and prediction portals believe SHIB has plenty of room for growth ahead and that investing in Shiba Inu Coin is one of the best financial decisions you could ever make.

One of the biggest reasons to invest in Shiba Inu Coin is its thriving fanbase. SHIB is being discussed across international chat rooms, social media influencers, and meme-makers as part of the community behind the crypto’s success.

With continued hype from these influencers and other well-known personalities, the price of Shiba Inu Coin may increase immensely. But that’s just one of many reasons why investing in Shiba Inu Coin could be profitable.

In this article, we’ll break all Shiba Inu-related myths circulating online and help you decide as to whether you should consider investing in Shiba Inu meme coin.

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What Is Shiba Inu? A Simple Explanation

Shiba Inu is one of the most popular meme-inspired protocols that run on the most popular smart contracts blockchain technology in the world, Ethereum.

Shiba Inu uses its token, Shiba Inu Coin (SHIB) to power transactions on its protocol. SHIB is the ticker symbol it trades by on the various cryptocurrency exchanges it is listed on.

Shiba Inu was created by a group of people who go by the pseudonym RYOSHI and released to the public in August 2020. This was the same time that its novel token SHIB became a crypto trading asset opening with an insignificant amount on the various exchanges.

Dubbed the Dogecoin Killer, this is a community-driven project based on the Shiba Inu dog meme. Unlike other crypto projects that go through an initial coin offering (ICO) and see millions of funds through angel investors, Shiba Inu had no funding.

What’s more, there is no centralized team and no direct leadership. The future of the project lies in the hands of the masses who have dedicated their hard-earned money to follow Shiba Inu to the end. The development team behind the project pointed out that Shiba Inu “Is an experiment in decentralized spontaneous community building”.

The distribution of the SHIB tokens was done unconventionally. 50% (500 trillion) of the tokens were sent to the founder of Ethereum, Vitalik Buterin and the remaining 50% (500 trillion) was locked up on decentralized exchange Uniswap.

There are 549 trillion tokens in circulation from a total supply of 1 quadrillion. As an ERC20 token, Shiba Inu is building a decentralized exchange (DEX) called ShibaSwap to compete with Uniswap and SushiSwap on Ethereum, PancakeSwap on Binance Smart Chain, and JustSwap on the Tron Network. According to the official website of Shiba Inu, the final touches of the DEX are ongoing and skeptics, as well as fans of the crypto, would be informed once the launch takes place. Its novel token SHIB will be the first digital currency listed on the decentralized exchange.

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Shiba Inu Investing: Getting Started

To start investing in Shiba Inu Coin, you first need to register online with an exchange that will allow you to buy and invest in Shiba Inu Coin.

A cryptocurrency exchange or brokerage are online trading and investing platform that allows you to buy, sell, and hold SHIB and other cryptocurrencies. eToro provides up to 90 cryptocurrencies. You can patronize the platform and start your trading journey on a safe and secured note.

Is Shiba Inu A Good Investment?

As Shiba Inu is one of the 15 largest crypto coins, many crypto experts believe that Shiba Inu Coin is a good investment compared to other mainstream cryptocurrencies, and other DeFi tokens. Despite all the ups and downs in the price history of SHIB, analysts believe that Shiba Inu Coin’s price could grow further in the long term.

Changelly has weighed in on the discussion and believes SHIB is a good investment. According to the experts, Shiba Inu Coin might continue to grow and command a trading price of $0.0001 in 2026.

Should I Invest In Shiba Inu Coin?

Why should I consider investing in Shiba Inu Coin? Well, Shiba Inu is a relatively new project in the meme-inspired and entire decentralized finance space. Based on increased interest in the asset, SHIB can help revolutionize how traders and investors go about owning digital assets.

One of the major reasons why you should invest in Shiba Inu Coin is its embrace by Coinbase Pro for enlistment in such a short period of crypto trading experience.

On 15th June 2021, Coinbase announced that it would be enlisting three new digital assets for trading on Coinbase Pro. They were Chiliz (CHZ), Keep Network (KEEP), and Shiba Inu (SHIB). On that day, Coinbase Pro users could trade SHIB into their accounts. Trading of SHIB on Coinbase officially began on 17th June 2021 after all liquidity requirements were met. SHIB has now gained a seat among top cryptocurrencies listed on Coinbase Pro.

Coinbase Pro is one of the top cryptocurrency exchanges worldwide. It has approximately 56 million verified users. More than 134,000 ecosystem partners and 8,000 institutions in more than 100 countries trust Coinbase by using it to securely and easily invest, save, earn, spend, and use crypto.

Right after the listing was announced; the price of SHIB was up by more than 37% after opening the day at $0.00000708 and reaching an intraday high of $0.00000975.

This listing is one of several to come. On July 30th eToro listed SHIB. Now the token’s fanbase is rooting for Robinhood to do the same.

One other factor which should make you consider investing in SHIB is its fans. Like other meme-inspired currencies such as Dogecoin, Shiba Inu has a great following across social media platforms Twitter, Reddit, and Facebook. After the gold mine of Dogecoin in the 1st quarter and early days of the second quarter in 2021, Elon Musk tweeted about Shiba Inu and this saw the cryptocurrency make huge gains in May before the lows followed in the last week of the month. This directed millions of people to consider SHIB as an alternative digital asset they could have on their portfolio of investments.

Coin Quora thinks traders and investors should consider investing in Shiba Inu coin. According to analyst Jay Manila, SHIB could command the best possible price of $0.0001 up to $0.0009 from 2022 to 2025. This means that in the short and long term, investing in SHIB could see you with a return of 1,700%. This is a great reason to consider deciding on the meme-inspired currency. You can use this coin to buy tech to enable you to merge PDF document files.

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Virtual currencies are highly volatile. Your capital is at risk

How Much Could Shiba Inu Coin Be Worth?

There are several price forecasts made by experts across several websites. We have researched extensively and found predictions that find answers to questions such as SHIB Price Performance 2022, SHIB Price Performance 2025, and SHIB Price Performance 2030 or What Will Shiba Inu Coin Be Worth in 2030?

According to analyst Elena R at CoinPedia, SHIB could command the best possible price of $0.000015 by the end of 2022. In the long term, the analyst believes SHIB could test $0.000065 as an average price by the end of 2025.

Digital Coin Price predicts Shiba Inu Coin could trade for a coin at $0.000012 by the end of 2022, $0.0000178 (2023), and $0.000022 by the end of 2024 in the short term. According to the analysts, SHIB could command prices of $0.000029 (2026), $0.000033 (2027), and $0.000038 in 2028 in the long term.

According to experts at Coinpriceforecast, Shiba Inu Coin could reach a price of $0.000144 by the end of 2023 and $0.00016 by the year’s end of 2024.

Trading Beasts predicts Shiba Inu could end 2022 with an average price of $0.000013, minimum price of $0.000011, and maximum price of $0.000017. SHIB could have an average price of $0.000014, a minimum price of $0.000012, and a maximum price of $0.000017 by the end of 2023. According to the experts, Shiba Inu Coin could trade for a coin at an average price of $0.0000198, a minimum price of $0.0000168, and a maximum price of $0.0000247 by the close of 2024.

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Can Shiba Inu Coin Reach $1?

SHIB can reach $1 in the long term. Although there are no price forecasts by analysts backed by fundamental or technical analysis, Shiba Inu Coin continues to be integrated with entertainment companies in South America. Aside from this, SHIB continues to be listed on top exchanges that could add more liquidity to the digital asset. With consistent interest reflected through daily trading volume, Shiba Inu Coin could reach $1 someday.

Who Should Include Shiba Inu Coin In Their Portfolios?

In the investment world, many people could benefit from having SHIB in their portfolios. The people who can make enormous profits by trading and investing in Shiba Inu Coin include but are not limited to DeFi Enthusiasts, Day Traders, Cryptocurrency Traders, and Growth Investors.

Growth Investors

This kind of investor searches for relatively younger crypto projects that show promise in the market. Since SHIB has been a crypto trading asset for 17 months (since August 2020), many analysts and experts believe the digital asset is yet to test its real valuation in such a saturated market.

Any investor searching for a growth digital asset for the long term should not think twice about adding SHIB to their portfolio. Shiba Inu Coin could return double, triple, quadruple, or more of its trading price by the end of 2022 and beyond.

Cryptocurrency Traders

SHIB is one of the most popular meme-inspired currencies. The exchange listings it has enjoyed, coupled with large companies integrating it as an option of payment shows the potential of Shiba Inu Coin. A cryptocurrency trader can add SHIBA to his or her growing lists of digital assets. By taking advantage of the price movements of the cryptocurrency based on news about Bitcoin and major smart contracts blockchain Ethereum which affects Ether (ETH), cryptocurrency traders could see huge gains in the short and long term.

Day Traders

These are active traders who are focused on making profits off-price changes in a given asset by executing intraday strategies.

For highly sophisticated traders who adopt a range of trading strategies such as high-frequency trading, scalping, news-based trading, and range trading, the volatile nature of the Shiba Inu Coin could bring great returns daily. Having SHIB in such a portfolio could make up for losses suffered in trading other assets (volatile and less volatile).

DeFi Enthusiasts

Although SHIB’s issuing authority does not have an innovative technology that provides a unique solution to some areas of the space, it runs on the Ethereum Network. Ethereum controls the decentralized finance (DeFi) space. Enthusiasts of DeFi can read Shiba Inu’s whitepaper which is called the “woofpaper” and get to know the possibilities of the protocol.

SHIB would be exposed to other traders and investors through its decentralized exchange aside from being on Uniswap and mainstream exchanges. This makes it a great financial instrument users of DeFi can have in their portfolio of investments.

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But is it too late to buy Shiba Inu Coins?

IT is NOT too late to buy Shiba Inu crypto. It has been a great year for SHIB where several price milestones were crossed which brought huge percentage gains for traders and investors who had faith in the crypto trading asset from the beginning of the year.

With SHIB trading at a relatively lower trading price that does nothing to the personal finance of someone living below the poverty line, 2021 is the best year to buy Shiba Inu Coin. At $0.00001, buying 10,000,000 SHIB will cost you $100. You could decide to buy $100 worth of SHIB which most would consider an amount of money that you could afford to lose in the worse case scenario, the best case scenario you will gain from the potential huge upside SHIB could potentially offer.

You can forget about the investments for the foreseeable future and see what the price of Shiba Inu Coin will be in the not-too-distant future. To give you a better understanding of why it is not too late to buy SHIB, the experts at Gov. Capital estimate the Shiba Inu Coin will command a price of $0.000069 before 31st December 2023. So buying SHIB at the current price could earn you at least 590% by the end of 2023.

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Is Investing In Shiba Inu Coin Risky?

Investing in Shiba Inu Coin and any other cryptocurrency carries huge risks. This is because putting your hard-earned money into digital assets could result in an unpredictable outcome. No analyst or expert could boldly say they know the future of cryptos. Most of the forecasts, predictions and estimates are possibilities and not certainties.

Invest in SHIB an amount of money that would do nothing to harm your savings. Investing in digital assets is risky. As an e-learning organization, our advice for people is to diversify their portfolios. Without risk, you cannot make huge returns. This is clearly understood across crypto circles. But the kind of risk associated with cryptos can see you lose your entire investments within a short period. Do not only buy SHIB.

Spread your investments around several digital assets. More essentially, you can include other less volatile assets across stocks, metals, and commodities to serve as a hedge in case there is a major crackdown on digital assets someday.

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Virtual currencies are highly volatile. Your capital is at risk

Could Shiba Inu Coin Be a Bad Investment?

Investing in SHIB without proper independent research based on fundamental and technical analysis coupled with an extensive understanding of price and percentage change could be one of the worst decisions you have ever taken. No investment is perfect.

Even investing in stocks that have issuing companies that are visible enough and release quarterly reports has sent thousands of people into irrecoverable losses once the prices of assets went south.

On 22nd June 2021, comments from a social media feed on Facebook showed many unsophisticated traders and investors purchased Cardano (ADA) at $1.60 and Ether (ETH) at $2,700 in the previous week. The buyer pointed out that he has made huge losses due to ADA plunging to $1.20 and Ether re-testing the $1,800 and $1,900 mark to record new high lows.

This is the main reason why we continue to tell people to invest in an asset only when you understand what it represents in the long term. According to Richard Templar from his book, the Rules of Wealth, any investments made should double in 5 years. Unfortunately, the cryptocurrency market has broken the rules as investments increase 2, 5, or even 10 times within a short period. This does not mean you are going to get rich or become a millionaire in the short term. Understand the entirety of the Shiba Inu project; get professional advice if you can, and more importantly invest a maximum of 5% of your savings which you can write off as bad debt.

Does Shiba Inu Have A Future?

YES! Shiba Inu does have a future. SHIB has only been exposed to millions of traders and investors in just a year. Aside from this, it’s a relatively newer project that is still accomplishing its milestones (being listed on all the major exchanges, forming great partnerships that will see more liquidity injected into the cryptocurrency, and seeing more institutional investment in the form of some of the largest digital asset management firms opening up Trusts for its tokens).

Such important achievements could befall the project in the following months. Another area you should look at is its trading volume which gives statistical evidence of investor interest in an asset. Auroracoin, Peercoin, and Nxt lost their future due to diminishing volumes.

They are not part of the crypto discussion anymore. SHIB has a trading volume of more than $230 million. In a market where thousands of coins compete for liquidity, such a statistic means there is a future for SHIB since most long-term investors continue to have confidence in the asset.

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How safe is Shiba Inu?

Shiba Inu is largely considered a safe protocol. Shiba Inu is an ERC20 token. By having this tag, it means it runs on the network of Ethereum. When Vitalik Buterin and the 7 other founders of Ethereum designed their innovation, they followed in the path of Bitcoin as a parent blockchain.

As a result, it made use of the same proof-of-work (POW) algorithm that secures a protocol’s network. With this, users would need to gain more than 50% of computational power which is impossible due to the high electricity usage of mining cryptocurrencies.

Aside from this, as a decentralized protocol, Shiba Inu is non–custodial. This means that users have control over their wallets and private keys. Without these keys, no one can log into the protocol. SHIBs are also traded on safe exchanges (centralized and decentralized). This means you can invest in SHIB without having thoughts about security.

How Legit is Shiba Inu?

Shiba Inu is very legit. Shiba Inu is one of the few crypto projects which did not receive any hype during its inception as a Dogecoin Killer. There are always issues around cryptocurrencies being used in scams and shady schemes and this cuts across all digital assets including Bitcoin.

Do not follow social media feeds primarily on Facebook, Reddit, and Twitter by sending money to unknown addresses. To confirm the extent of SHIBs legitimacy, it is listed on the United States exchange Coinbase Pro which is one of the most trusted centralized exchanges globally.

If Shiba Inu Coin wasn’t legit, it wouldn’t have been listed on top authentic and credible exchanges. What’s more, SHIB has not been named by EUROPOL or any other regulatory body for being used in illegal activities online. Not being blacklisted by any centralized body bodes well for the adoption and usage of the cryptocurrency in the short and long term.

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Virtual currencies are highly volatile. Your capital is at risk

Conclusion: Is Shiba Inu Coin A Good Investment?

Investing in Shiba Inu crypto is worth considering. For many, investing in SHIB has already proved to be one of the wisest things they have ever done.

Back in March 2021, SHIB was worth less than $0.00000005. At the time, $100 could afford you more than 2 Billion Shiba Inu Coins. In a space of 2 months, SHIB has made millionaires out of a few people. Others have made thousands of dollars in gains in a short period.

So if you had invested any amount of money in SHIB before April 2021, you’d have seen more than 70,000% in gains.

So, is Shiba Inu Coin a good investment? SHIB is trading at a relatively lower price than most cryptocurrencies, it can be considered as a good investment due to the future it promises. If you are looking forward to investing in SHIB, now could be a great time to embark on such an investment journey.

While no digital asset investment is risk-free, investing in Shiba Inu Coin has generated huge percentage yields for investors. Whether you are new to Shiba Inu investing or curious about how to make the most of your investment, understanding what to know before investing in Shiba Inu is important to see you record a profit. This will embolden you to know if Shiba Inu is a good investment.

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Virtual currencies are highly volatile. Your capital is at risk

FAQs

What Is The Total Supply Of Shiba Inu?

549,063.28B SHIB are circulating in the market from a total supply of 1 quadrillion. The maximum cap is still unknown.

Who Owns Shiba Inu Coin?

Shiba Inu Coins are owned by millions of people. The creators of the project go by the pseudonymous name RYOSHI.

Is Shiba Inu Coin Real?

Yes, Shiba Inu Coins are called SHIBs. They can be found on centralized exchanges as well as a decentralized exchange, Uniswap.

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Virtual currencies are highly volatile. Your capital is at risk