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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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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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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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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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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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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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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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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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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It’s hard to make waves in the cryptocurrency industry in recent times because of the major dip in the market due to the bear market. That said, some analysts have predicted great things for newcomer Big Eyes Coin (BIG) and leaders Filecoin (FIL) and Dogecoin (DOGE) to hopefully make holders’ portfolios flourish again once the bull trend emerges.

Big Eyes Coin (BIG): Dominating the Meme Coin Industry with Cuteness

Big Eyes Coin (BIG) is a new meme coin cryptocurrency built to raise millions in profits for its users through moving wealth into the decentralized finance (DeFi) sector and to dominate the market alongside or above top meme coins like Dogecoin and Shiba Inu. The Big Eyes Coin (BIG) platform is on its way to realizing this goal, as it has raised over 7.48 million at its presale stages alone.

Big Eyes Coin (BIG) is a community-driven cryptocurrency that aims to protect the Earth’s ocean ecosystem. Big Eyes Coin (BIG) also seeks to build a blockchain ecosystem that self-propagates for hyper-growth using the NFT market to offer access to more content and events.

Features of the Big Eyes Coin (BIG) platform:

• Elimination of taxes and payments for transactions.
• Creation of an NFT collection that would propel the crypto into the top 10 crypto charts.
• Protect the planet’s ocean ecosystem by donating 5% of token revenue to ocean sanctuaries.
• Stability and sustainability are ensured for the token using an auto-burn mechanism to ensure that token supply and value are kept stable. 

Filecoin: Capitalizing Blockchain Technology for Income Opportunities

Filecoin (FIL) is a decentralized file storage and sharing blockchain network that capitalizes on the power of blockchain technology to provide its users with a wide array of opportunities in the cryptocurrency market. It was created by Juan Benet and his Protocol Labs team. Since decentralized file-sharing platforms are increasingly demanding, Filecoin (FIL) was made to use its combination of various technologies to provide special experiences to its users.

Filecoin (FIL) corrects challenges in the cloud storage sector brought about by centralization. The Filecoin (FIL) platform has incentives in its global network. Computer operators can provide their users with file-sharing and storage services to encourage cooperation. Using its decentralization, it provides resistance to censorship.

Filecoin (FIL) raised an impressive $205.8 million in its first ICO with the Protocol Labs Filecoin ICO in 2017. The platform made global headlines as it was one of the largest funding rounds on the internet at the time. The FIL is the native token of the Filecoin network, and payments can be received or sent in Filecoin (FIL) tokens. FIL tokens are also versatile digital assets with exchanges available globally.

Dogecoin: Meet The King of The Meme Coin Kingdom

Dogecoin (DOGE) is a first-generation meme coin cryptocurrency that can be used to transfer value worldwide in a secure manner. Dogecoin (DOGE) features the Shiba Inu from popular internet memes, and the decision to use this character was because of the developer’s desire to keep the project light-hearted. The main purpose of Dogecoin (DOGE) is to allow peer-to-peer transactions to take place in censorship-resistant manners. Recently, Dogecoin has seen considerable media coverage due to huge price hikes.

Dogecoin (DOGE), being a first-generation cryptocurrency, was only basic. There were no smart contracts, staking, etc., that recent cryptocurrency platforms have. Dogecoin (DOGE) is focused on creating a secure cryptocurrency network. Unlike Bitcoin (BTC) and other cryptocurrencies, Dogecoin (DOGE) wasn’t made for a special purpose. It was only made to spread goodwill and fun into the cryptocurrency community.

Dogecoin (DOGE) can quickly and securely send value to anyone globally, and numerous worldwide vendors accept this token. Dogecoin (DOGE) also has censorship resistance and provides real-time consensus.

Furthermore, Big Eyes Coin has announced that its users can benefit from a bonus giveaway by using the code: BEYES696 when purchasing BIG tokens.

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Learn about how Cardano (ADA), Big Eyes (BIG), and Solana (SOL) support the protection and preservation of our planet through sustainable actions and directives.

What is Cardano (ADA)?

Cardano is a cryptocurrency platform with a native coin ADA developed by Charles Hoskinson. Cardano (ADA) was launched in 2017 as a more efficient alternative to Ethereum. It is the first platform to be based on a proof-of-stake (PoS) system ahead of Bitcoin (BTC) and Ethereum (ETH). The proof-of-stake system on which Cardano runs is called the Ouroboros Consensus Protocol and is an extremely efficient method of transferring cryptocurrencies and minting NFTs.

Why is Cardano’s proof-of-stake (PoS) system more energy efficient than proof-of-work (PoW)?

The proof-of-work (PoW) system relies on miners solving complex mathematical puzzles, which use a lot of energy and equipment. In contrast, the proof-of-stake (PoS) system randomises and relies on a staking system which only requires holders to have staked a certain amount of ADA, which requires minimal energy.

How sustainable is Cardano (ADA)?

Cardano (ADA) foundations are built on a highly energy-efficient protocol which means it is already historically more sustainable than the majority of cryptocurrencies, namely Bitcoin (BTC) and Ethereum (ETH). Since its launch, it has continued to drive sustainable awareness and responsibility within the wider crypto community. In partnership with Veritree, the Cardano Foundation has committed to planting 1 million trees. The Cardano Foundation, in partnership with Veritree, has planted 350,000 trees at the time of writing.

Apart from planting trees around the world, the Cardano Foundation has also prioritised reaching Net Zero Carbon Emission before 2050, which is detailed in their 2021 sustainability report. Towards this outcome, they have successfully measured and offset their own firm’s emissions in 2021 and are on track to achieve Net Zero Emissions ahead of schedule. Cardano (ADA) is currently priced at $0.3734  with a market cap of $12,821,526,270.

What is the Big Eyes Coin (BIG)?

Big Eyes Coin (BIG) is a community token created to fill a cat-shaped hole in the meme coin market currently dominated by dogs. This meme coin is currently in its presale and racing through its stages, with an impressive $7.89 Million raised so far at the time of writing.

What is the purpose of the Big Eyes (BIG) meme coin?

Big Eyes is focused on introducing decentralised finance to the 99% of the world who haven’t yet been able to take advantage of this emerging technology. Big Eyes intends to create the easiest route to facilitate mass onboarding with its oh-so-cute meme coin and NFT collection, which will present future generations with an extremely attractive entry point into cryptocurrencies.

Big Eyes (BIG) wants to do more than just create wealth for its community; it plans to build a blockchain ecosystem that self-propagates for the all-important hypergrowth. Big Eyes intends to achieve this through NFTs, which offer holders access to events and unique content.

How Sustainable is Big Eyes Coin (BIG)?

Sustainability is at the core of Big Eyes Coin (BIG) tokenomics; 5% (10,000,000,000 BIG) of the total supply of BIG tokens is earmarked for charities intimately involved in protecting and preserving all life within our oceans and seas. These coins will be placed in a visible charity wallet and donated to a charity to be announced in due course. This means that when you are investing in Big Eyes Coin (BIG), you are simultaneously investing in the future of our planet!

What is Solana (SOL)?

Solana (SOL) is a blockchain platform based on the proof-of-stake and proof-of-history systems of validation, similar to Cardano (ADA). This platform was initially designed to host decentralised applications (dApps) and to be more scalable and efficient than Ethereum (ETH).

How does the Solana (SOL) staking system differ from Cardano (ADA)?

Unlike Cardano (ADA), Solana (SOL) uses the addition of the proof-of-history consensus, which allows it to process transactions more efficiently and in less time. The proof-of-history consensus allows for the timestamps to be applied automatically and very quickly to transactions.

How sustainable is Solana (SOL)?

In 2021 the  Solana foundation announced that it had achieved carbon neutrality thanks to its hard work offsetting its carbon footprint. A spokesperson for the Solana Foundation commented, “Our carbon neutrality initiatives, paired with Solana’s high-performance, energy-efficient design, means the community can build a sustainable web3 future for many years to come.”

Alongside this commitment to carbon neutrality, Solana has partnered with Watershed in order to further support sustainable development and action in the future. Solana (SOL) is currently priced at $30.66 with a market cap of $10,970,078,795.

Conclusion

These coins’ sustainable actions and directives are good news for the planet and investors alike as they continue to rank highly. It’s great to see Big Eyes (BIG) Coin join the ranks of these sustainable cryptos.

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Learn more about the Big Eyes Token:

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL