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Should you invest in Shiba Inu coin? But, if you are still in a confused state about whether to invest in a meme coin or not. This article describes some major reasons why to buy a Shiba Inu coin today.
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Why Should You Buy Shiba Inu Coin Today? Do you know? Most of the investors have become millionaires after the significant rise of Dogecoin (DOGE). It seems natural, and also everyone is waiting for the next hype cryptocurrency before it thrives. The cryptocurrency market could sometimes look-like a puppy farm. It churning out new cryptocurrencies creates a lot of excitement initially among the investors. Let's say, if you have invested $100 DOGE in the previous year, you could have gained an excessive profit on it when Elon Musk has appeared on SNL. In meanwhile most of the investors are still holding Dogecoin because they are hoping that the market will go up. Some of them started looking at other cryptocurrencies which provide more return on investment (ROI). Nowadays, Why investors are showing interest in Shiba Inu Coin (SHIB)? What is Shiba Inu coin (SHIB)? Shiba Inu coin (SHIB) is one of the trending cryptocurrencies which is named after a dog breed from Japan called "Shiba Inu". It was created by an unknown person known as "Ryoshi" in August 2020. Shiba Inu (SHIB) is also referred to as Shiba token, a decentralized cryptocurrency. It is an ERC-20 based token build on the Ethereum blockchain network.
The developer of the Shiba Inu coin is inspired by Dogecoin, a cryptocurrency that was created as a joke in 2013 to make fun of other cryptocurrencies. The logo of these coins is very similar as it is displayed in the image of the Shiba Inu dog breed. Shiba Inu coin brand itself as "The Dogecoin Killer". If you are looking to invest in Shiba Inu crypto, but you don't where to buy it. Then, you have landed at the right place. Koinbazar, India's leading cryptocurrency exchange where you can buy, sell, and trade your favorite cryptocurrencies securely at the lowest trading fee when compared to the other popular exchanges. We introduced an instant INR deposit and withdrawal option for the Indian users which helps traders directly to transfer their funds from their banks to the Koinbazar's account instantly by using NEFT/RTGS, IMPS in a fraction of minutes without the need of middlemen. Koinbazar has been listed Shiba Inu (SHIB) coin on both Indian Rupee (INR), and Tether (USDT) markets. Do you want to know the step-by-step procedure to buy Shiba Inu coin in India from Koinbazar? Read more: How to buy Shiba Inu Coin in India? Why to buy Shiba Inu coin today? According to CoinMarketCap, Shiba Inu (SHIB) has become the 28th largest cryptocurrency based on market capitalization, and also its market value already reached a high which is more than $3.8 billion less than a year (early June 2021). While I am writing this article, the value of one token is $0.000007762 worth. So that, it attracts many investors to buy this new cryptocurrency when compared to the established crypto such as Bitcoin, Ethereum, etc. Before investing in Shiba Coin, keep in mind that it has trillions of tokens in circulation. So token with limited supply comes into the game. If you are still confused about whether you should invest in it or not, here are the 8 major reasons to buy Shiba Inu crypto. 1. Breathtaking Market Capitalization 2. Powered by Ethereum 3. Low-Cost Token 4. Listed On Major Crypto Exchanges
5. The Hype 6. Minimal Fee Requires To Buy Shiba Coin 7. High Liquidity 8. Massive Fanbase Conclusion: Eventhough the hype for this meme coin, you should keep in mind that trading cryptocurrencies are a high-risk factor. All the cryptocurrencies are volatile and have separate levels of risks. Before investing in any cryptocurrencies, you must have thorough research and knowledge of them. "Patience" plays an important role. Weiss says, "Don't invest to become rich quickly; invest in things you believe will be successful in the long run". So, why invest in Shiba Inu today? The reasons are explained here for you. It will help you to decide where to put your investment.