What Is Shiba Inu Coin SHIB?

Shiba Inu (SHIB) is one of the newest cryptocurrencies to appear on the market. The project was founded in 2020, first launched through IEO Uniswap. The nickname Dogecoin Killer is due to the exponential growth of Dogecoin value. The developers intend to consolidate it by making the token useful as part of their project’s infrastructure.

Learn about the features of Shiba crypto, Shiba Inu coin price prediction and how to buy SHIB coin. All this and much more in the new StealthEX article. So let’s start!

Essential Facts About Shiba Coin

The token was first issued in August 2020 on the Ethereum blockchain, and the token standard is ERC20. After 1,000,000,000,000,000,000 tokens were created, half were transferred to Uniswap and the keys were destroyed. The remaining half was sent to Vitalik Buterin’s wallet. In this way, Buterin had the opportunity to solely control the value of SHIB, which would have collapsed to zero if the ETH co-founder had decided to sell his coins. But instead, Vitalik sent 50 trillion SHIB (at that time they were worth over $1 billion) to an anti-covid-19 fund in India, he burned 410 trillion SHIB and kept 70 trillion.

Why Ethereum Was Chosen for the Shiba Inu Ecosystem?

Today, there are several popular blockchains, including those suitable for creating decentralized applications. Many modern cryptocurrency projects are moving away from Ethereum for fear of high fees. However, Shiba Inu developers still selected this network. There are several reasons for such a choice:

  1. This blockchain is safe.
  2. It has proven itself over the years.
  3. It gives maximum opportunities for decentralization.

The key priority was that the project could change and strengthen freely, regardless of external rules, and Ethereum is suitable for this purpose. On its basis, a decentralized exchange ShibaSwap is created, where you can buy, sell, exchange assets and make a profit.

Future Of Shiba Inu Coin

The project team states that they are actively working on the creation of an entire ecosystem, the center of which will be its own decentralized exchange. ShibaSwap was launched in July 2021, but token holders can already access the upcoming NFTs, provide liquidity, stake, and swap their SHIBs. Except for Shiba Inu coins, there are also BONE and LEASH.

The team is also going to work on the incubator where artworks from Shiba Inu community members are collected. And as for usability, project owners let everyone donate a percentage of their purchases on Amazon to the Shiba Inu Rescue Association using smile.amazon.com.

Shiba Inu Coin Price Prediction

Even though Shiba crypto doesn’t have a developed infrastructure, its price has already skyrocketed. What’s more, experts believe it’s just a start for this token. According to WalletInvestor , it will cost $0.000058 in five years. Furthermore, a Coin Price Forecast Center team even predicts that SHIB will reach $0.00007 at the end of 2025.

Is Shiba A Good Investment?

In a nutshell, Shiba Inu has quickly attracted international attention. The token is supported by a huge community of Shiba Inu crypto holders who promote this project on social media, attracting more members. However, such coins can quickly lose their value and collapse to zero if the market loses confidence in them. Users should be as careful as possible before investing in this cryptocurrency, as they can bring quick profits but can also lead to expenses if something goes wrong. So even if you believe in this token, remember about your risks while buying it to avoid losses.

Where To Buy Shiba Coin?

Since SHIB has risen in price significantly since its launch, experts say it’s better to buy Shiba Inu coin now. If you think about where to buy Shiba Inu crypto , StealthEX is the most secure platform. Choose from over 400 tokens for exchange, select a fixed or floating rate, and complete your transaction by providing only general information. Everything will take just a few minutes.

How To Buy Shiba Inu Coin?

Just go to StealthEX exchange and follow these easy steps:

  1. Choose the pair and the amount for your exchange. For example, BTC to SHIB coin.
  2. Press the “Start exchange” button.
  3. Provide the recipient address to which the coins will be transferred.
  4. Move your cryptocurrency for the exchange.
  5. Receive your coins!

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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Originally published at https://stealthex.io.

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