SHIB, a brand new cryptocurrency, has already overtaken some Doge coin exchanges. Because its logo features a Shiva Inu dog breed, the cryptocurrency is known as “DOGE killer”. SHIB is a decentralized block chain based spontaneous community building experiment that was created within the SHIBA INU ecosystem to beat doge coin.
The Shiba Inu, also known as Shiba Token and the “Doge coin Killer,” is becoming the cryptocurrency market’s favorite choice. The newest meme coin, Shiba Inu (SHIB), has caught the attention of blockchain investors. This token is often considered a rip-off of Doge coin, as it draws inspiration from the Shiba Inu. Both projects were also humorous. In the near future, the creators plan to release Bone Doge coin Killer as the next coin.
There are multiple meme coins are available in different exchanges. Investing in them is still is a profitable decision. Some of them are SafeMoon, Dogelon mars and Saitama INU.
Invention of blockchain technology has a great ascendancy on the investors. The chance of investment have blown down its’ wings in various aspects. Not only in crypto coins or meme coins, NFT and Meta Verse today are the trending topic among netholic in the internet.
Huge income possibility are awaiting for real investors. There are hundreds of various NFT (Non-Fungible Token) marketplace where from people can earn a million if he has the proper knowledge of it. Even in recent January 2022, a college students made million dollar by selling his own NFT. The upcoming Meta verse projects are coming with the investment opportunity for real investors who want to make money from it. You can buy virtual land from here and can trade the land in higher slap. Or buying virtual stuffs and selling these in higher prices is a new dimension.
Getting back to the crypto talk Shiba Inu or acronym as The “DOGE killer,” or as it has been called, was created after Doge coin. It currently has a market capitalization exceeding $7 billion as of May 2021. The token’s value is less than two-hundredths to cent, allowing users to “hold billions” or even trillions.
ShibaSwap is the decentralized exchange of SHIBA INU. It has incentivized SHIB to be listed as the first cryptocurrency token. The price of Shiba Inu coins dropped 40% after Vitalik Buterin (a Russian billionaire who is 27 years old) donated 50 trillion Shiba Inu Coins to the India Covid Crypto Relief Fund. This fund is managed by Sandeep Nailwal, an Indian crypto entrepreneur.
WazirX, Coin Switch Kuber, Sun Crypto are the Indian exchange that allow you to trade the Shiba Inu coin. Other platforms such as Uniswap or CoinDCX’s website have Shiba Inu tokens. Uniswap, an Ethereum-based decentralized Exchange (DEX), allows users to trade cryptocurrencies for ETH or other Ethereum-based tokens.
Doge coin Killer and Doge coin Difference. It is based on Ethereum, and has very few underlying uses or value. The token is still new and there aren’t many details. Doge coin, a cryptocurrency created with the same technology that Bitcoin, is called Doge coin.
Recently, The Giant EV (Electronic Vehicle) manufacturing company Tesla announced to accept Doge Coin for purchasing its official merchandise and the Billionaire Elon Mask has stated in a conversation that he has a sharp watch on the Doge Coin and in few years Doge coin would be the official currency of Tesla.
Ethereum is used for powering Shiba Inu tokens. Non-fungible tokens (NFTs), on the Ethereum platform, use the ERC-721 token standards. Fungible tokens such as Shiba Inu, however use the ERC-20 token standard.
ShibaSwap allows Shiba Inu to trade Shiba Inu for cryptocurrencies on its own cryptocurrency exchange. It is described by its supporters as a safe place to exchange valuable crypto while remaining decentralized. ShibaSwap has undergone security checks, audits and final updates to ensure a safe launch. The network participants will be able exchange tokens directly from wallets with ERC-20 compatible tokens via this non-custodial platform. Non-custodial platforms are more secure than central exchanges because they don’t keep large amounts of bitcoin in order to lure hackers.
The original idea for LEASH was to make it a rebase token that could be tied to Doge coin’s price. It is now free and will no longer rebase. It is polar opposite to Shiba’s, as it has a total circulation only of 100k tokens (which have a larger supply). The second token of the swap rewards those who provide liquidity. LEASH is a synthetic that can be used on the Ethereum network to hedge DOGE’s price. This coin incorporates scarcity as one of its fundamental protocols. The leash will rebase LEASH’s price to 1000/1 DOGE each day at 6.30 UTC. The developers intend to issue 100,000 LEASH tokens over the life of the project.
It is risky to invest in Shiba Inu. Shiba Inu’s goal is to increase the earning potential of consumers. The main goal of the project was to create an ERC-20 token ecosystem and an ERC-20 token that could be easily purchased by millions. The tokens were priced at a fraction of a cent.
Even if the platform only makes $0.01, it is still expected to be profitable. This has been a success so far. It is important to acknowledge that Shiba inu has made a great start. All investments on the platform are now speculative because they are new.
Changpen echoed these sentiments when he described the initiative as “very high-risk” but intriguing. Shiba Inu’s (SHIB), objective is to capitalize on this momentum and channel it towards future ecosystem expansion. Due to the market’s high volatility, investors are more at risk of losing their money.
According to InvestingCube.com, the value of the Shiba Inu coins is expected to rise once again. The currency doesn’t have much momentum at the moment, but active buyers could boost its value. According to InvestingCube.com, the value of the currency could rise to $0.00001040 if there is a greater number of buyers. Even though it might not seem like a large amount, a whole decimal point can have a substantial impact on the pockets and assets of large investors.