This how to buy Shiba Inu (SHIB) review discusses most of the things about SHIB and its features. However, this article should not be taken as financial advice. Instead, we urge the traders and investors to do their own research before getting involved in cryptocurrencies.
The crypto world is regaining its composure once again as it rises from its bearish dip in the past months. In fact, the total market capitalization of the crypto space at the time of writing amounts to over $2 trillion. Yes, you see it right, $2 trillion, a huge amount that surely attracts the attention of investors worldwide.
Recently, Bitcoin the king of crypto assets has been making noise as its price pumps to over $49k. Best of all, this aggressive performance of Bitcoin motivates other digital assets in the crypto space. The Shiba Inu crypto is one of the virtual assets in the crypto market that has shown a solid performance lately. For this reason, many are wondering what SHIB is and how to buy Shiba Inu.
In this article, we will cover most of the details about SHIB. In other words, we will talk about the features and use cases of the SHIB crypto. Of course, we will not forget the part about how to buy Shiba Inu (SHIB).
On the other hand, the Shiba Inu network also has its own native token called SHIB. As a result, this token will serve as the fuel that runs the Shiba Inu network. Also, this token works as a reward to all its participants in the platform. Through this, members of the SHIB army across the world can enjoy earning SHIB by being active in the network.
Now that we already have some ideas about the Shiba Inu (SHIB) network, let’s dig deeper to get familiar with SHIB. In this Shiba Inu (SHIB) review article, we will discuss more SHIB features and how to buy SHIB. Of course, we will also not forget the staking part, where traders can easily earn rewards.
What is Shiba Inu (SHIB)
Shiba Inu (SHIB) is an ERC20 token issued under the Ethereum blockchain. For this reason, SHIB is bound to follow the limitations and restrictions set by Ethereum. However, on the bright side, SHIB can enjoy the countless benefits that ETH offers on its network. Through this, SHIB holders across the world can use their tokens in most of the ETH apps in the market.
Regarding its system, the Shiba Inu runs under the Ethereum blockchain. It aims to spread the crypto awareness and bring together the crypto community with its token. Furthermore, the SHIB network also has its own decentralized exchange called ShibaSwap. This exchange enables traders to experience a seamless way to buy, sell and trade crypto assets securely.
Meanwhile, the SHIB crypto can also be found in centralized exchanges such as Binance and Bithumb Global. Hence, crypto traders with accounts in these exchanges can easily buy, sell and trade SHIB. Best of all, these exchanges sometimes offer staking options where traders can invest their cryptos and earn rewards.
Today, SHIB trades at a decent price of $0.00000718 with a 30-day growth rate of +13.3%. This position of SHIB in the crypto market has a market cap of over $3.5 billion. As a result, the SHIB was able to hold its rank within the top 50 cryptos based on CoinGecko. Truly, this market position of the crypto brings confidence to the SHIB army across the world.
Can’t get enough of SHIB? Do you want to know what will be the price of SHIB before 2021 ends? Therefore, let’s go and check the price of SHIB in this SHIB price prediction 2021 article.
Shiba Inu (SHIB) Price Forecast
By far, SHIB is one of the digital assets in the crypto world that takes the world by storm. In fact, it was able to pull its ranks as one of the top 50 crypto assets in a short time span. So, without further ado, let us check the charts below.
Based on the graph above, we can see that SHIB was able to pull itself from its bearish position upon entering the month of August. For this reason, the crypto was able to record a growth rate level of +55% from its low price of $.00000610. However, due to the market depression, the price of SHIB fell once again from $.000009 to $.000007. Indeed, this is an event that caught the attention of the SHIB army.
But, on the positive side, the crypto manages to maintain its position within the Fibonacci level of .618. With this, we can say that SHIB did a great job in defending its position against the bears. On the other hand, if SHIB maintains its bullish trend and decides to pump its price once again, SHIB’s price may surge.
In other words, the price of SHIB may climb up to $.00000801, a price level that breaks the Fibonacci level of .5 and .382. In this event, the doors towards the bullish price of $.00000948 will open, an invitation the SHIB should not miss.
If SHIB hits the bullish price of $.00000948, the crypto may begin to gear up and skyrocket its price in a bullish direction. If it does, SHIB may ride along with the bulls on its way to $.000012. Of course, this will all be possible if the bullish market will continue to favor the crypto.
Shiba Inu (SHIB) Use Case
Shiba Inu crypto asset started as a meme coin in the early days of its launch. However, as time goes by, SHIB develops a use case that benefits all its token holders. In this part of the how to buy Shiba Inu (SHIB) article, we will discuss the use case SHIB currently uses.
One of the most popular use cases of the SHIB network is the SHIBASWAP. In detail, this decentralized exchange enables its users to swap ETH tokens with the newest ERC20 token in the market. Best of all, the SHIBASWAP exchange also offers other features that give SHIB token holders rewards. For example, BURY, a feature that enables SHIB holders to earn more tokens over time by staking.
Aside from the decentralized exchange, the SHIB network also highlights three of its flagship tokens. These flagship tokens include SHIB, LEASH, and BONE. In detail, these tokens will play a major role in the Shiba Inu network. Furthermore, it will also help in maintaining the market stability of the SHIBA network.
How to Buy Shiba Inu (SHIB)
Finally, we have already arrived at the part where we will discuss how to buy Shiba Inu and how to buy SHIB. In this part of the article, we will enlighten you regarding the ways to spot and buy SHIB cryptos easily. Therefore, let’s go and learn the tips and tricks to get SHIB easily.
Today, there are many different kinds of centralized and decentralized exchanges in the crypto market that pop out every day. Therefore, it is up to the user to choose which one suits them best. However, in buying SHIB, traders don’t have many options. In short, the crypto is still on its way to getting listed in many crypto exchanges.
On the other hand, traders and investors interested in SHIB can find the crypto in exchanges such as Binance and Bithumb Global. Basically, the trading pairs of SHIB using the Binance exchange go with SHIB/BTC, SHIB/USDT, SHIB/BUSD, and SHIB/BNB, to name some. But, for other exchanges like Bithumb Global, the trading pair of SHIB is only limited to SHIB/USDT.
So I guess we already answered the question of how to buy SHIB. Let us now proceed in knowing more about how to buy SHIB.
In buying the Shiba Inu (SHIB) crypto, traders and investors just have to follow these simple steps:
- Choose a centralized exchange. For this example, we will use Binance
- Fund your Binance account via credit card or debit card
- When you are now ready to fund your Binance account, choose SHIB and buy the crypto
Note: Some countries in the world do not support crypto exchanges. For this reason, traders must first check if their country is listed in the supported countries of the exchange that they will choose.
SHIBA crypto is one of the most aggressive crypto assets this year. In fact, crypto is now one of the top 50 crypto assets in the market based on the CoinGecko ranking. Therefore, Is Shiba Inu a good investment? It is up to you to decide.
The SHIBA crypto is an ERC20 token sold in mostly centralized exchanges. As of now, there is no official report that SHIB is banned in the US.
The exchanges that sell Shiba Inu include centralized and decentralized exchanges such as Binance and Shibaswap.
Metamask is a crypto wallet designed to store and protect crypto assets. However, it also has a function called wallet connect that bridges together the wallet and decentralized exchanges. Through this, players can easily buy SHIB in the decentralized exchange then transfer it directly to the Metamask wallet.
Disclaimer: This material must not be used as the basis for making any investment decisions. This serves only as informative material about the Shiba Inu crypto. Trading digital assets involve risk and can result in the loss of investment capital. Hence, always make sure to do in-depth research before engaging or investing in any cryptocurrencies.