What is the crypto Shiba Inu ?
The Shiba Inu (SHIB) crypto was born from a precise and assumed project: that of competing with Dogecoin.
As a reminder, Dogecoin, launched in 2013, was the very first virtual currency to be based on an Internet “meme”. His aesthetic gravitated, and still gravitates around the famous “doge”.
This funny dog with a sideways look, named Kabosu, has inspired millions of humorous variants on social networks. And he precisely belongs to the Shiba Inu race, which serves as the name of the virtual currency launched in 2020 by a certain Ryoshi. One could almost speak of a variation on a theme.
But the underlying project is far from being a simple imitation. The initiator even spoke of a dogkiller. Of a crypto capable of compromising the existence of Dogecoin. Just take a look at the official logo to be convinced: the famous animal is presented aggressive.
Based on the Ethereum blockchain, it is supposed to exceed the value of its model, and be part of a dynamic that is both associative and artistic. It is a question of participating in the protection of the animal species concerned, and also of setting up NFTs in its image.
If we had to give a first opinion on the Shiba Inu (SHIB), we could therefore say that this cryptocurrency, despite its “copied” side, has its own identity. The ambitious approach behind it makes it a truly modern crypto.
Now let’s get to the heart of the matter, by addressing the aspect that probably interests you the most: is it relevant to invest in the Shiba Inu these days?
What is the history of the Shiba Inu price and the current trend ?
Let’s first summarize the evolution of the courses and therefore the prices of the Shiba Inu cryptocurrency, since its creation in 2020 :
- When it debuted in August 2020, the price of the Shiba Inu was very low. Like many cryptocurrencies when they hit the market, this one was worth next to nothing. One Shiba Inu token (or SHIB token) was equivalent to 0.0000000014 USD (source CoinMarketCap)
- It took until March 2021 for the purchase of this crypto to become more interesting. Internet users began to show more interest in this alternative, which helped to raise the price to 0.00000006 USD on the 30th of the month.
- More and more curious people began to consult the opinions on the crypto Shiba Inu, feeling the opportunity pointing on the horizon. By a classic snowball effect, some brokers, hitherto reluctant, welcomed this competitor of Bitcoin and especially Dogecoin. It was in May 2021 that the effect was felt in stock market trends. The value of the Shiba Inu token soared to 0.000035 USD
- But as was to be expected, fluctuations followed. After the May peak passed, our cryptomeme once again suffered a depreciation. At that time, experts in stock market speculation could imagine a very ephemeral phenomenon, doomed to disappear quickly. At the end of September 2021, for example, the value painfully reached 0.00000698 USD (as of 09/29)
- It was without counting on a surprising event. Elon Musk, the famous billionaire, made known on social networks his attachment to the famous dog breed Shiba Inu. The effect was dazzling. In October 2021, at its best, the price of the crypto SHIB reached around 0.000088 USD, its historical performance to date
- “The Elon Musk effect” did not last. As proof, at the end of December 2021, the shiba inu crypto was only 0.000034 USD, a score far from previous highs. As for the month of January 2022, it was marked by a symbolically significant downtrend. The SHIB fell back below its October 2021 threshold, reaching 0.000021 on February 3, 2022
Shiba Inu course 2022 : what about today ?
From February, the situation stabilized for a few months. But the May crisis got the better of Shiba Inu as well since it kept falling until it stabilized around the middle of June. Since then it has stagnated.
The current trend is therefore not very encouraging. The dazzling successes seen in the second half of 2021 seem a long way off. However, the one who started this project still seems very involved and optimistic. Is it to save face? Is the shiba inu token likely to go up the slope?
Shiba Inu prediction: what is the future of the Shiba Inu?
It is impossible to know exactly what the Shiba Inu will become: this is the whole principle of speculation.
Indeed, who could have foreseen Elon Musk’s “deus ex machina”? Some skeptics were already burying the crypto shiba inu before this pivotal moment. Their predictions were wrong based on the price of the SHIB token at the end of 2021.
We can therefore not issue any certainty as to the future of the Shiba Inu. What is certain is that current prices have something to seriously think about for investors. Should we bet on a rebound? Or on the contrary rely on other cryptocurrencies or NFT?
If you still want to try the experiment, if you think the Shiba Inu crypto can still surprise us, here is how to buy it.
Shiba Inu purchase : what you need to know
The Binance broker is one of the first exchange platforms to have offered the purchase of Shiba Inu tokens.
Here are some platforms that offer to buy SHIB:
Shiba Inu Binance
Binance is one of the platforms that garners the highest level of trust and many crypto investors are present there. The exchange platform references thousands of cryptos, including the Shiba Inu!
In any case, you can buy Shiba Inu by credit card or SEPA transfer very easily.
Do not hesitate to consult the reviews and reviews of these sites dedicated to cryptocurrency trading to find the solution that suits you. Some have more flexible deposit conditions than others, and enjoy a better reputation.
Our opinion on the Shiba Inu crypto
Those hoping for real excitement about the dogkiller are likely disappointed with the current financial “health” of this cryptocurrency. Its price fell dangerously during the month of May 2022, like the crypto market in general.
In question, many reasons including the war, the situation in China, etc.
It is difficult to know if we are facing a temporary loss of momentum or the first signs of the end for this competitor of Dogecoin. In any case, we hope that the information provided in this article will help you invest better.
In view of the period, it is better to wait and continue to analyze the market and seize the best opportunities with the greatest level of confidence.