The answer to Coin Shiba Inu is …
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Kanalcoin.com – For professional investors or investors who are new to the blockchain world, you must have heard that SHIB, Shiba Inu is a type of cryptocurrency.
Shiba Inu (SHIB) is the SHIB code. Shiba Inu (SHIB) is a relatively new token that was launched as a cryptocurrency. However, Shiba Inu (SHIB) is a new magnet that managed to catch the attention of Tesla Inc. CEO Elon Musk so that its market value skyrocketed.
That’s why it’s important for you, especially those who are just trying to get involved in the blockchain world, to know more about the Shiba Inu currency or SHIB token.
What is Shiba Inu’s cryptocurrency?
Shiba Inu (SHIB) is a cryptocurrency that was first launched in August 2020 by an anonymous person who later became known as “Ryoshi”. The name Shiba Inu itself is taken from the name of the dog breed.
The cryptocurrency currently sold under the code name SHIB is predicted to become a competitor Dogecoin or DOGE. Already its value has almost overtaken DOGE. That is why this crypto asset has earned the nickname Doge killer.
In the early days of their appearance, Shiba Inu (SHIB) coins had almost no value. Even in the early days of their appearance, these coins were considered joke coins or meme coins that had no value and could not be used.
But after entering cryptocurrency trading platforms like Binance and OKEx, the selling price started to rise. The spike was also inseparable from the contribution of Chinese traders who began hunting Shiba Inu through Huobi, a Chinese crypto asset trading platform.
Shiba Inu (SHIB) is a unique project because it is run by its own community on a decentralized system. A decentralized system implemented by the Shiba Inu community is a system that does not have centralized control from specific authorities. So there is no centralized leader or team in the community movement.
In other words, the independence of Shiba Inu (SHIB) is something that cannot be suppressed by any party, including government authorities. Shiba Inu (SHIB) runs its decentralized system on its own exchange platform, namely ShibaSwap.
In the early days of this token’s launch, Ryoshi, the owner of Shiba Inu (SHIB), supplied up to 50 percent of the entire supply of Shiba Inu coins to Ethereum founder Vitalik Buterin.
Buterin smoked this amount some time ago. Meanwhile, the remaining 50 percent of SHIB’s shares are locked up Remove the switch (decentralized financial system) as liquidity.
Shiba Inu cryptocurrency price value
The Shiba Inu price (SHIB) is 0 USD at the beginning of its release, meaning no value at all. However, with the development of the market, the price started to rise quickly and even exceeded the value of DOGE.
In October 2021, SHIB price in IDR ranged from IDR 0.3083 to IDR 0.469 with a trading volume of IDR 248,201,476,377,680 in 24 hours. This value has decreased by 1.36 percent in the last 24 hours and ranks 16th on CoinMarketCap.
How to buy a Shiba Inu (SHIB)
The way to buy Shiba Inu (SHIB) is to use crypto market platforms (crypto exchange) such as Binance, Tokocrypto, Huobi, CoinbaseUniswap, OKEx and many others.
How to buy Shiba Inu (SHIB) on crypto market platforms (crypto exchanges) in general, you can do as follows:
- Select and register (create an account) on the crypto market platform where you will buy SHIB online
- Make your first deposit (the minimum deposit amount depends on the policy of each platform)
- Make a SHIB purchase transaction
Every crypto market platform usually offers a crypto wallet (online wallet) as a storage container. The crypto coins you buy are stored in an online wallet.
Thus, some information about the Shiba Inu that we can collect for you. So is Shiba Inu (SHIB) the right crypto asset to try?