Are you wondering if the bearish outlook of the crypto market presents the perfect opportunity to buy Shiba Inu Coin? Or maybe you are like thousands of people who are unsure if Shiba Inu Coin is safe to invest in?
If you are new to the world of meme-inspired currencies and therefore Shiba Inu Coin investing, you may have asked questions such as, is Shiba Inu a good investment, or should I Invest in SHIB?
Well, according to many predictions for SHIB, YES is the answer to those questions. According to several price predictions, Shiba Inu is likely to be a good investment and investing in Shiba Inu Coin could bring you enormous gains in the future as it has for many already.
Shiba Inu Coin has increased substantially since the start of last year. SHIB has raked in huge gains for traders and investors considering it had an insignificant value at the start of the year. With the daily trading volumes being recorded which are used for fundamental and technical analysis; the figures posit that SHIB shows no signs of slowing down in the short or long term. Experts and analysts across the most credible cryptocurrency news and prediction portals believe SHIB has plenty of room for growth ahead and that investing in Shiba Inu Coin is one of the best financial decisions you could ever make.
One of the biggest reasons to invest in Shiba Inu Coin is its thriving fanbase. SHIB is being discussed across international chat rooms, social media influencers, and meme-makers as part of the community behind the crypto’s success.
With continued hype from these influencers and other well-known personalities, the price of Shiba Inu Coin may increase immensely. But that’s just one of many reasons why investing in Shiba Inu Coin could be profitable.
In this article, we’ll break all Shiba Inu-related myths circulating online and help you decide as to whether you should consider investing in Shiba Inu meme coin.
Virtual currencies are highly volatile. Your capital is at risk
What Is Shiba Inu? A Simple Explanation
Shiba Inu is one of the most popular meme-inspired protocols that run on the most popular smart contracts blockchain technology in the world, Ethereum.
Shiba Inu uses its token, Shiba Inu Coin (SHIB) to power transactions on its protocol. SHIB is the ticker symbol it trades by on the various cryptocurrency exchanges it is listed on.
Shiba Inu was created by a group of people who go by the pseudonym RYOSHI and released to the public in August 2020. This was the same time that its novel token SHIB became a crypto trading asset opening with an insignificant amount on the various exchanges.
Dubbed the Dogecoin Killer, this is a community-driven project based on the Shiba Inu dog meme. Unlike other crypto projects that go through an initial coin offering (ICO) and see millions of funds through angel investors, Shiba Inu had no funding.
What’s more, there is no centralized team and no direct leadership. The future of the project lies in the hands of the masses who have dedicated their hard-earned money to follow Shiba Inu to the end. The development team behind the project pointed out that Shiba Inu “Is an experiment in decentralized spontaneous community building”.
The distribution of the SHIB tokens was done unconventionally. 50% (500 trillion) of the tokens were sent to the founder of Ethereum, Vitalik Buterin and the remaining 50% (500 trillion) was locked up on decentralized exchange Uniswap.
There are 549 trillion tokens in circulation from a total supply of 1 quadrillion. As an ERC20 token, Shiba Inu is building a decentralized exchange (DEX) called ShibaSwap to compete with Uniswap and SushiSwap on Ethereum, PancakeSwap on Binance Smart Chain, and JustSwap on the Tron Network. According to the official website of Shiba Inu, the final touches of the DEX are ongoing and skeptics, as well as fans of the crypto, would be informed once the launch takes place. Its novel token SHIB will be the first digital currency listed on the decentralized exchange.
Virtual currencies are highly volatile. Your capital is at risk
Shiba Inu Investing: Getting Started
To start investing in Shiba Inu Coin, you first need to register online with an exchange that will allow you to buy and invest in Shiba Inu Coin.
A cryptocurrency exchange or brokerage are online trading and investing platform that allows you to buy, sell, and hold SHIB and other cryptocurrencies. eToro provides up to 90 cryptocurrencies. You can patronize the platform and start your trading journey on a safe and secured note.
Is Shiba Inu A Good Investment?
As Shiba Inu is one of the 15 largest crypto coins, many crypto experts believe that Shiba Inu Coin is a good investment compared to other mainstream cryptocurrencies, and other DeFi tokens. Despite all the ups and downs in the price history of SHIB, analysts believe that Shiba Inu Coin’s price could grow further in the long term.
Changelly has weighed in on the discussion and believes SHIB is a good investment. According to the experts, Shiba Inu Coin might continue to grow and command a trading price of $0.0001 in 2026.
Should I Invest In Shiba Inu Coin?
Why should I consider investing in Shiba Inu Coin? Well, Shiba Inu is a relatively new project in the meme-inspired and entire decentralized finance space. Based on increased interest in the asset, SHIB can help revolutionize how traders and investors go about owning digital assets.
One of the major reasons why you should invest in Shiba Inu Coin is its embrace by Coinbase Pro for enlistment in such a short period of crypto trading experience.
On 15th June 2021, Coinbase announced that it would be enlisting three new digital assets for trading on Coinbase Pro. They were Chiliz (CHZ), Keep Network (KEEP), and Shiba Inu (SHIB). On that day, Coinbase Pro users could trade SHIB into their accounts. Trading of SHIB on Coinbase officially began on 17th June 2021 after all liquidity requirements were met. SHIB has now gained a seat among top cryptocurrencies listed on Coinbase Pro.
Coinbase Pro is one of the top cryptocurrency exchanges worldwide. It has approximately 56 million verified users. More than 134,000 ecosystem partners and 8,000 institutions in more than 100 countries trust Coinbase by using it to securely and easily invest, save, earn, spend, and use crypto.
Right after the listing was announced; the price of SHIB was up by more than 37% after opening the day at $0.00000708 and reaching an intraday high of $0.00000975.
This listing is one of several to come. On July 30th eToro listed SHIB. Now the token’s fanbase is rooting for Robinhood to do the same.
One other factor which should make you consider investing in SHIB is its fans. Like other meme-inspired currencies such as Dogecoin, Shiba Inu has a great following across social media platforms Twitter, Reddit, and Facebook. After the gold mine of Dogecoin in the 1st quarter and early days of the second quarter in 2021, Elon Musk tweeted about Shiba Inu and this saw the cryptocurrency make huge gains in May before the lows followed in the last week of the month. This directed millions of people to consider SHIB as an alternative digital asset they could have on their portfolio of investments.
Coin Quora thinks traders and investors should consider investing in Shiba Inu coin. According to analyst Jay Manila, SHIB could command the best possible price of $0.0001 up to $0.0009 from 2022 to 2025. This means that in the short and long term, investing in SHIB could see you with a return of 1,700%. This is a great reason to consider deciding on the meme-inspired currency.
Virtual currencies are highly volatile. Your capital is at risk
How Much Could Shiba Inu Coin Be Worth?
There are several price forecasts made by experts across several websites. We have researched extensively and found predictions that find answers to questions such as SHIB Price Performance 2022, SHIB Price Performance 2025, and SHIB Price Performance 2030 or What Will Shiba Inu Coin Be Worth in 2030?
According to analyst Elena R at CoinPedia, SHIB could command the best possible price of $0.000015 by the end of 2022. In the long term, the analyst believes SHIB could test $0.000065 as an average price by the end of 2025.
Digital Coin Price predicts Shiba Inu Coin could trade for a coin at $0.000012 by the end of 2022, $0.0000178 (2023), and $0.000022 by the end of 2024 in the short term. According to the analysts, SHIB could command prices of $0.000029 (2026), $0.000033 (2027), and $0.000038 in 2028 in the long term.
According to experts at Coinpriceforecast, Shiba Inu Coin could reach a price of $0.000144 by the end of 2023 and $0.00016 by the year’s end of 2024.
Trading Beasts predicts Shiba Inu could end 2022 with an average price of $0.000013, minimum price of $0.000011, and maximum price of $0.000017. SHIB could have an average price of $0.000014, a minimum price of $0.000012, and a maximum price of $0.000017 by the end of 2023. According to the experts, Shiba Inu Coin could trade for a coin at an average price of $0.0000198, a minimum price of $0.0000168, and a maximum price of $0.0000247 by the close of 2024.
Virtual currencies are highly volatile. Your capital is at risk
Can Shiba Inu Coin Reach $1?
SHIB can reach $1 in the long term. Although there are no price forecasts by analysts backed by fundamental or technical analysis, Shiba Inu Coin continues to be integrated with entertainment companies in South America. Aside from this, SHIB continues to be listed on top exchanges that could add more liquidity to the digital asset. With consistent interest reflected through daily trading volume, Shiba Inu Coin could reach $1 someday.
Who Should Include Shiba Inu Coin In Their Portfolios?
In the investment world, many people could benefit from having SHIB in their portfolios. The people who can make enormous profits by trading and investing in Shiba Inu Coin include but are not limited to DeFi Enthusiasts, Day Traders, Cryptocurrency Traders, and Growth Investors.
Growth Investors
This kind of investor searches for relatively younger crypto projects that show promise in the market. Since SHIB has been a crypto trading asset for 17 months (since August 2020), many analysts and experts believe the digital asset is yet to test its real valuation in such a saturated market.
Any investor searching for a growth digital asset for the long term should not think twice about adding SHIB to their portfolio. Shiba Inu Coin could return double, triple, quadruple, or more of its trading price by the end of 2022 and beyond.
Cryptocurrency Traders
SHIB is one of the most popular meme-inspired currencies. The exchange listings it has enjoyed, coupled with large companies integrating it as an option of payment shows the potential of Shiba Inu Coin. A cryptocurrency trader can add SHIBA to his or her growing lists of digital assets. By taking advantage of the price movements of the cryptocurrency based on news about Bitcoin and major smart contracts blockchain Ethereum which affects Ether (ETH), cryptocurrency traders could see huge gains in the short and long term.
Day Traders
These are active traders who are focused on making profits off-price changes in a given asset by executing intraday strategies.
For highly sophisticated traders who adopt a range of trading strategies such as high-frequency trading, scalping, news-based trading, and range trading, the volatile nature of the Shiba Inu Coin could bring great returns daily. Having SHIB in such a portfolio could make up for losses suffered in trading other assets (volatile and less volatile).
DeFi Enthusiasts
Although SHIB’s issuing authority does not have an innovative technology that provides a unique solution to some areas of the space, it runs on the Ethereum Network. Ethereum controls the decentralized finance (DeFi) space. Enthusiasts of DeFi can read Shiba Inu’s whitepaper which is called the “woofpaper” and get to know the possibilities of the protocol.
SHIB would be exposed to other traders and investors through its decentralized exchange aside from being on Uniswap and mainstream exchanges. This makes it a great financial instrument users of DeFi can have in their portfolio of investments.
Virtual currencies are highly volatile. Your capital is at risk
But is it too late to buy Shiba Inu Coins?
IT is NOT too late to buy Shiba Inu crypto. It has been a great year for SHIB where several price milestones were crossed which brought huge percentage gains for traders and investors who had faith in the crypto trading asset from the beginning of the year.
With SHIB trading at a relatively lower trading price that does nothing to the personal finance of someone living below the poverty line, 2021 is the best year to buy Shiba Inu Coin. At $0.00001, buying 10,000,000 SHIB will cost you $100. You could decide to buy $100 worth of SHIB which most would consider an amount of money that you could afford to lose in the worse case scenario, the best case scenario you will gain from the potential huge upside SHIB could potentially offer.
You can forget about the investments for the foreseeable future and see what the price of Shiba Inu Coin will be in the not-too-distant future. To give you a better understanding of why it is not too late to buy SHIB, the experts at Gov. Capital estimate the Shiba Inu Coin will command a price of $0.000069 before 31st December 2023. So buying SHIB at the current price could earn you at least 590% by the end of 2023.
Virtual currencies are highly volatile. Your capital is at risk
Is Investing In Shiba Inu Coin Risky?
Investing in Shiba Inu Coin and any other cryptocurrency carries huge risks. This is because putting your hard-earned money into digital assets could result in an unpredictable outcome. No analyst or expert could boldly say they know the future of cryptos. Most of the forecasts, predictions and estimates are possibilities and not certainties.
Invest in SHIB an amount of money that would do nothing to harm your savings. Investing in digital assets is risky. As an e-learning organization, our advice for people is to diversify their portfolios. Without risk, you cannot make huge returns. This is clearly understood across crypto circles. But the kind of risk associated with cryptos can see you lose your entire investments within a short period. Do not only buy SHIB.
Spread your investments around several digital assets. More essentially, you can include other less volatile assets across stocks, metals, and commodities to serve as a hedge in case there is a major crackdown on digital assets someday.
Virtual currencies are highly volatile. Your capital is at risk
Could Shiba Inu Coin Be a Bad Investment?
Investing in SHIB without proper independent research based on fundamental and technical analysis coupled with an extensive understanding of price and percentage change could be one of the worst decisions you have ever taken. No investment is perfect.
Even investing in stocks that have issuing companies that are visible enough and release quarterly reports has sent thousands of people into irrecoverable losses once the prices of assets went south.
On 22nd June 2021, comments from a social media feed on Facebook showed many unsophisticated traders and investors purchased Cardano (ADA) at $1.60 and Ether (ETH) at $2,700 in the previous week. The buyer pointed out that he has made huge losses due to ADA plunging to $1.20 and Ether re-testing the $1,800 and $1,900 mark to record new high lows.
This is the main reason why we continue to tell people to invest in an asset only when you understand what it represents in the long term. According to Richard Templar from his book, the Rules of Wealth, any investments made should double in 5 years. Unfortunately, the cryptocurrency market has broken the rules as investments increase 2, 5, or even 10 times within a short period. This does not mean you are going to get rich or become a millionaire in the short term. Understand the entirety of the Shiba Inu project; get professional advice if you can, and more importantly invest a maximum of 5% of your savings which you can write off as bad debt.
Does Shiba Inu Have A Future?
YES! Shiba Inu does have a future. SHIB has only been exposed to millions of traders and investors in just a year. Aside from this, it’s a relatively newer project that is still accomplishing its milestones (being listed on all the major exchanges, forming great partnerships that will see more liquidity injected into the cryptocurrency, and seeing more institutional investment in the form of some of the largest digital asset management firms opening up Trusts for its tokens).
Such important achievements could befall the project in the following months. Another area you should look at is its trading volume which gives statistical evidence of investor interest in an asset. Auroracoin, Peercoin, and Nxt lost their future due to diminishing volumes.
They are not part of the crypto discussion anymore. SHIB has a trading volume of more than $230 million. In a market where thousands of coins compete for liquidity, such a statistic means there is a future for SHIB since most long-term investors continue to have confidence in the asset.
Virtual currencies are highly volatile. Your capital is at risk
How safe is Shiba Inu?
Shiba Inu is largely considered a safe protocol. Shiba Inu is an ERC20 token. By having this tag, it means it runs on the network of Ethereum. When Vitalik Buterin and the 7 other founders of Ethereum designed their innovation, they followed in the path of Bitcoin as a parent blockchain.
As a result, it made use of the same proof-of-work (POW) algorithm that secures a protocol’s network. With this, users would need to gain more than 50% of computational power which is impossible due to the high electricity usage of mining cryptocurrencies.
Aside from this, as a decentralized protocol, Shiba Inu is non–custodial. This means that users have control over their wallets and private keys. Without these keys, no one can log into the protocol. SHIBs are also traded on safe exchanges (centralized and decentralized). This means you can invest in SHIB without having thoughts about security.
How Legit is Shiba Inu?
Shiba Inu is very legit. Shiba Inu is one of the few crypto projects which did not receive any hype during its inception as a Dogecoin Killer. There are always issues around cryptocurrencies being used in scams and shady schemes and this cuts across all digital assets including Bitcoin.
Do not follow social media feeds primarily on Facebook, Reddit, and Twitter by sending money to unknown addresses. To confirm the extent of SHIBs legitimacy, it is listed on the United States exchange Coinbase Pro which is one of the most trusted centralized exchanges globally.
If Shiba Inu Coin wasn’t legit, it wouldn’t have been listed on top authentic and credible exchanges. What’s more, SHIB has not been named by EUROPOL or any other regulatory body for being used in illegal activities online. Not being blacklisted by any centralized body bodes well for the adoption and usage of the cryptocurrency in the short and long term.
Virtual currencies are highly volatile. Your capital is at risk
Conclusion: Is Shiba Inu Coin A Good Investment?
Investing in Shiba Inu crypto is worth considering. For many, investing in SHIB has already proved to be one of the wisest things they have ever done.
Back in March 2021, SHIB was worth less than $0.00000005. At the time, $100 could afford you more than 2 Billion Shiba Inu Coins. In a space of 2 months, SHIB has made millionaires out of a few people. Others have made thousands of dollars in gains in a short period.
So if you had invested any amount of money in SHIB before April 2021, you’d have seen more than 70,000% in gains.
So, is Shiba Inu Coin a good investment? SHIB is trading at a relatively lower price than most cryptocurrencies, it can be considered as a good investment due to the future it promises. If you are looking forward to investing in SHIB, now could be a great time to embark on such an investment journey.
While no digital asset investment is risk-free, investing in Shiba Inu Coin has generated huge percentage yields for investors. Whether you are new to Shiba Inu investing or curious about how to make the most of your investment, understanding what to know before investing in Shiba Inu is important to see you record a profit. This will embolden you to know if Shiba Inu is a good investment.
Virtual currencies are highly volatile. Your capital is at risk
FAQs
What Is The Total Supply Of Shiba Inu?
549,063.28B SHIB are circulating in the market from a total supply of 1 quadrillion. The maximum cap is still unknown.
Who Owns Shiba Inu Coin?
Shiba Inu Coins are owned by millions of people. The creators of the project go by the pseudonymous name RYOSHI.
Is Shiba Inu Coin Real?
Yes, Shiba Inu Coins are called SHIBs. They can be found on centralized exchanges as well as a decentralized exchange, Uniswap.
Virtual currencies are highly volatile. Your capital is at risk
