The strange world of cryptocurrency just got a little stranger with the arrival of Shiba Inu Coin (SHIB). Meanwhile among the top 30 cryptocurrencies in the world, the staying power of the Shiba Inu Coin is a testament to the power of memecoins, the contagious nature of investor group thinking, and the cuteness of fluffy dogs.
But is the Shiba Inu Coin, which calls itself the "Dogecoin killer," a legitimate crypto investment opportunity, given that the cryptocurrency already has more than 550,000 users
Buying Shiba Inu - The most important questions
Is it worth buying Shiba Inu coin? How to buy the Shiba Inu Coin? Which brokers are recommended for the SHIB Coin? What are the costs and fees when buying Shiba Inu Coin? In this article we would like to clarify the most important questions about the Shiba investment and also explain step-by-step how to buy Shiba Inu via the provider eToro.
But before buying SHIB, you should consider the following three questions:
Why should you buy the Shiba Inu coin?
Shiba Inu LogoAs with other investments, the question of "why" also arises with the Shiba Inu Coin. Are there good reasons to invest in the Shiba Inu Coin? Why could the project be profitable in the future?
The Shiba Inu Coin achieves a great success because of its unique origin story and the resulting popularity. Like so many other cryptocurrencies, Shiba Inu is based on the Ethereum blockchain. The Shiba Inu token started with a supply of 1 quadrillion. Half of the Shiba Inu cryptocurrency was stored in a decentralized financial protocol called Uniswap and "burned" the other half worth $1 billion by the founder "Ryoshi" sending the tokens to Ethereum co-founder Vitalik Buterin for "safekeeping." Vitalik Buterin then donated trillions of Shiba-Inu coins to India to stem the spread of COVID-19. To date, this is the largest cryptocurrency donation in history. Shortly after, he burned another 40% of the total supply to a "dead wallet."
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