Shiba coin buy new
Shiba Inu soared to record highs over the weekend to become the 11th-biggest cryptocurrency by market value. A petition on Change. It appears to have been made in the vein of Dogecoin, a cryptocurrency that was created as a joke in , and also has a Shiba Inu theme. Dogecoin is also up in the past 24 hours, according to CoinGecko.
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Content:
- How to buy Shiba Inu in India
- Shiba Inu coin emerges to take on Dogecoin as the new meme crypto
- Shiba Inu coin price - What is the cryptocurrency and how to buy it?
- Shiba Inu to Dogecoin: 7 best Cryptocurrencies for long-term investment
- All about the Shiba Inu coin and how to buy it in India
- Shiba Inu coin announces its own metaverse — welcome to the Shiberse
- It Is Official Now: Coinbase Finally Allows New York Residents to Trade Shiba Inu (SHIB) Coin
- Shiba coin price prediction: Can SHIB recover from the latest price plunge?
- Dogecoin watch out! 'Shiba inu' token muscles into cryptocurrency top 10
- Shiba Inu (SHIB) is the new Dogecoin killer: How to buy the cryptocurrency in the UK?
How to buy Shiba Inu in India
Shiba Inu SHIB , a Floki-themed meme coin that is one of the best-performing assets of , was written off by detractors a few hours back amid broad-based selling pressure. Well, the tables have now turned, with the coin posting a gain of over 21 percent in the past 24 hours. As we had noted in a dedicated post , two factors were largely responsible for that bearish paradigm.
First, Shiba Inu proponents were worried about an incoming liquidation wave as a whale investor moved over 40 trillion SHIB coins to four different wallets. Nonetheless, these fears appeared overblown, given that the Shiba Inu project currently does not have enough liquidity to support liquidation of this magnitude.
Consequently, if the whale investor were to begin liquidating his mammoth SHIB stake, the entire holding would very rapidly become worthless, thereby precluding the rationale behind this possible move. Moreover, whale investors often divide their holdings between a number of wallets for risk-minimization purposes.
However, these bearish sentiments proved to be fleeting as Shiba Inu has now recovered a large proportion of its recent losses. This brings us to the crux of the matter. Coinbase had listed Shiba Inu on its platform back in September This was a major point of consternation, given that the state is a heavyweight when it comes to the number and heft of potential investors. This lacuna has now been rectified, as per a tweet by Coinbase:. The next major bullish impulse for Shiba Inu investors is now likely to come when Robinhood lists the token on its platform.
The move, should it materialize, would add some much-needed heft to a coin that is still written off by many as a transitory pump-and-dump scheme. Unlike the majority of other meme coins, Shiba Inu does offer relatively more utility in the form of a native peer-to-peer crypto exchange, dubbed ShibaSwap.
Moreover, the project also offers 10, unique NFTs called Shiboshis — pixelated Shiba Inu dog cartoons with varying characteristics and rarity. By Rohail Saleem. Nov 5, EDT. Share Tweet Submit. The author has no position in any of the stocks mentioned. Subscribe to our newsletter.
Shiba Inu coin emerges to take on Dogecoin as the new meme crypto
New York, NY, Jan. The coin intends to leverage on the downsides of other coins. It is an ERC based token on Ethereum with a total supply of ,, tokens. The Baby Shiba platform is revolutionary as it has unique features that distinguish it from other meme tokens.
Shiba Inu coin price - What is the cryptocurrency and how to buy it?
After the meteoric rise of Gamestop, Dogecoin and other speculative assets, new crypto projects have been trying to capitalize on the trend. Learn how smart money is playing the crypto game. Subscribe to our premium newsletter - Crypto Investor. One newer token called Shiba Inu, named after the dog representing Dogecoin, has dubbed itself the "Dogecoin killer. Shiba Inu's website says that the coin is a decentralized meme token that is growing into a vibrant ecosystem. The token's whitepaper says that the intention is to build an ecosystem consisting of three tokens with different supplies. SHIB is the ecosystem's foundational currency with a max supply of one quadrillion.
Shiba Inu to Dogecoin: 7 best Cryptocurrencies for long-term investment
As the main market competitor and spinoff of dogecoin, shib token has drawn significant speculation from crypto investors who are hoping to ride the next doggy-themed wave and try to make fast returns like many early dogecoin investors enjoyed at the start of the year. While it shares many similarities with dogecoin, namely its Shiba Inu theme, extremely large supply and very low-cost token, shiba inu coin sets out to provide substantially more utility for its holders than is currently available with doge. For starters, the project launched its own ShibaSwap decentralized exchange where crypto holders can swap SHIB for a range of other listed tokens, much like Uniswap or Balancer. All three tokens within the shiba inu coin ecosystem can be used to generate interest by either staking or providing liquidity on the ShibaSwap platform, making it an equally hot DeFi token too.
All about the Shiba Inu coin and how to buy it in India
Shiba Inu coin is the latest cryptocurrency to join the market and it looks set to rival Dogecoin for the pennies of internet investors. Everyone is wondering what the next Bitcoin will be — and Shiba Inu coin could be the answer. According to its website, Shiba Inu coin is a token — meaning users can hold trillions of them at a time — and is traded on its own decentralised exchange called ShibaSwap. Little is known about Shiba Inu coin at the moment — but it is hoping to become the favourite new meme cryptocurrency. The crypto token is listed as SHIB and allows users to hold billions or trillions of them.
Shiba Inu coin announces its own metaverse — welcome to the Shiberse
Cryptocurrency prices hit record highs earlier this year amid interest from high profile individuals such as Elon Musk and more institutional investment in the sector. The most valuable coins are Bitcoin and Ethereum but there are lots of alternatives or Altcoins aiming to benefit from crypto interest in , however, values can be volatile and regulators have warned that investors could lose all their money. Bitcoin has remained the most dominant cryptocurrency in the world, adding more than 70 per cent to its value in However, the price of cryptocurrency Shiba Inu also hit a record high at the end of October - despite being dismissed as a joke by many - rising by over per cent in just one week. The cryptocurrency started as a humorous nod to the cute Shiba Inu dog breed, which in turn led to the 'Doge' internet meme, reports Mirror Online. This meme led to the creation of another jokey cryptocurrency, Dogecoin - and the Shiba Inu cryptocurrency is also a reaction to that.
It Is Official Now: Coinbase Finally Allows New York Residents to Trade Shiba Inu (SHIB) Coin
With cryptocurrencies like Ethereum and Dogecoin reaching new all-time highs, investors are always on the lookout for the next big thing. The latest in the crypto universe is the Shiba Inu coin , which has been garnering attention ever since the recent dip in Dogecoin. As per data available at CoinMarketcap , Shiba Inu, at one point in time, registered a growth of over percent in the last 24 hours and a staggering 1, Little is known about the Shiba Inu.
Shiba coin price prediction: Can SHIB recover from the latest price plunge?
The Shiba Inu coin SHIB , a meme cryptocurrency inspired by the recent renewed interest in Dogecoin , can currently be purchased on decentralized cryptocurrency exchange platform Uniswap and 1Inch. Buyers will need to connect a supported cryptocurrency wallet to UniSwap or 1Inch, such as Metamask , TrustWallet , or Coinbase wallet. This wallet will need to contain funds of a supported cryptocurrency. Users should carefully check that they have correctly imported the SHIB token address for the swap. Configure the currency you wish to exchange for Shiba, and set your slippage price change tolerances and the amount of time you are willing to wait for the transaction to excute at the desired settings. With everything set correctly, users can execute the swap and approve the transaction on their wallet.
Dogecoin watch out! 'Shiba inu' token muscles into cryptocurrency top 10
Ethereum whales have always been bullish on Shiba Inu. It is obvious in their purchase history that these whales with large ETH holdings are vying hard for the success of the meme coin. At various points in the past, they have been some of the biggest pushers of the digital asset, leading it through its rally, and holding on even through its downtrend. This has not changed. These Ethereum whales have continued to up their holdings in recent times. Despite this, ETH whales hold out hope for the meme coins as they have purchased Shiba Inu in large volumes, presumably to hold out for the recovery of the altcoin.
Shiba Inu (SHIB) is the new Dogecoin killer: How to buy the cryptocurrency in the UK?
Photo courtesy of Binance. Shiba Inu will soon makes its way onto another cryptocurrency trading platform. The tweet has dramatically surpassed that with over 65, likes.
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