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.

>>>Buy Shiba Inu Now<<<

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. 

>>>Buy Shiba Inu Now<<<

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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Virtual currencies are highly volatile. Your capital is at risk

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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Virtual currencies are highly volatile. Your capital is at risk