The world of crypto has been a roller coaster ride over these past two years. To everyone’s surprise, currencies like Bitcoin enjoyed their biggest peak and one of their most devastating downfalls. Then we witnessed a rise again.
The pandemic and the current Russia-Ukraine war changed the economy at its core. The world is now witnessing big inflation that just keeps growing. In a constant search for a hedge against inflation, investors are looking in the direction that worked wonders in such periods in the past – the crypto market.
Some of the biggest investors in the world are investing aggressively in crypto, claiming that “it is winning the race against gold at the moment”.
But, the big changes in this market make crypto investment decisions much more challenging today. Investors are cramped with numbers, wondering which token to choose next. In the midst of this strange crypto period, one popular opportunity presented itself to investors – the famous Shiba Inu coin.
The Shiba Inu coin is on the limelight for some time now despite its low current value. If you are considering investing in it, you are not the only one. The coin is taking over a big part of the market, and investors seem to be loving it.
In this article, we’ll explore this coin, your purchasing options, as well as delve into some predictions that will tell you what you can do with your Shiba Inu in the months – and years that follow.
Where did Shiba Inu come from?
Shiba Inu is a very new addition to the world of crypto. It was created in August of 2020, giving it a little over 2 years on an already busy market. The person behind this coin is anonymous and calls themself Ryoshi. The world is not familiar with the true identity of its creator. In fact, we don’t know if it’s a single person behind this trending coin.
The Shiba Inu coin is a decentralized community that started as an experiment within the Shiba Inu Ecosystem. It is built on top of the Ethereum Network, and is a meme coin that rivals Dogecoin.
As a result of this rivalry, the Shiba Inu token is often called “the Dogecoin killer”. It’s already taken over a portion of the Dogecoin market, and many experts believe that its price will surpass that of its rival in the years that follow.
The main difference between these two is that Shiba Inu has its decentralized exchange called ShibaSwap. This year, it has announced its plan to launch even its own metaverse called Shiberse, which has certainly risen the interest in the altcoin market.
Yes, Dogecoin still holds a much higher value than Shiba Inu, and the numbers for the latter are not ideal in the last couple of months. Some investors are already looking for alternatives to the Shiba Inu coin and redirecting their funds.
Still, we wouldn’t give up on this coin just yet. Predictions and numbers give it a high prospect of big success in the near future, especially for crypto which requires a small investment for many coins at the moment.
Where and how to buy Shiba Inu coin
If you haven’t invested in this trending coin just yet, it’s not too late. There are high-quality exchange platforms where you can buy Shiba Inu coin easily with your card, such as MoonPay. On this platform, you can safely purchase, exchange, and sell crypto, and they have Shiba Inu in their arsenal.
