Currently, and exactly at the beginning of this new year January 2022, Shiba Inu Coin is Ranked 13 with a daily volume of trading hit 600 million dollars knowing that its price today is $0.000028.
So now! We got many questions about Shiba Inu and if is possible to reach 1 cent $0.01.
Is that possible?
Generally, in this world, everything becomes possible to be achieved and nothing is impossible. In addition, inside of the crypto world and trading, we should not have to predict but also believe and take the opportunity ( could be a risk ). And, to make a prediction about Shiba Inu Coin and see if it is possible to go the moon like Dogecoin, let's first get more knowledge about it.
What is Shiba Inu?
Shiba Inu (SHIB) is a dog-themed meme cryptocurrency named after a Japanese dog breed. It was created in 2020 by an anonymous developer named Ryoshi, who designed SHIB to be an alternative to Dogecoin (DOGE) on the Ethereum blockchain.
SHIB is an ERC-20 token with a decentralized exchange called ShibaSwap. The SHIB roadmap and ecosystem also features an NFT art incubator called Shiba Artist Incubator, 10,000 “Shiboshi” NFTs, and an NFT game Shiboshi Game.
Shiba Inu had an initial circulating supply of 1 quadrillion tokens. Ryoshi locked 50% of the token in Uniswap to create liquidity and sent the other 50% to Ethereum co-founder Vitalik Buterin’s wallet. However, Vitalik decided to burn 90% of the coins and donate the remaining 10% to charity.
Where to buy and sell Shiba Inu Coin?
You can buy and sell SHIB on crypto exchanges like Binance with different trading pairs, such as SHIB/USDT and SHIB/DOGE, or many options. Personally, I use the Binance platform to trade ( Buy-Sell-Hold ). I prefer using Binance because it is more secure, easier, and ranked at the top of the list of trading platforms.
Technically, buying Shiba Inu coins requires:
- Adding a fund by depositing Fiat or Spot.
- Converting stable coins USDT/BNB that you already bought or deposited to SHIB.
- Entering in the Classic Market to buy directly and safely using either Limit or Market tips.
- Trading by P2P (peer to peer) using your bank account with local members (option).
As of October 31, 2021, the market cap of Shiba Inu hit $35 billion, and its 10th rank among all the cryptocurrencies measured by market cap value. Therefore, its price hit $0.00008.
It is such an amazing thing to see this special altcoin making a huge jump and killing Dogecoin in a short duration. And today, its price is going down because of many conflicts, but everyone asks and wonders if it is possible to jump again and go to the moon this year.
According to the Shiba Inu market cap, supply, and volume, it is unlikely and impossible to reach $1 per token. But, to be more clear about giving brilliant examples and seeing the reality behind the scene, let us suppose and predict that Shiba Inu Coin tends to be $0.01. So, the total of the capital marketplace must be approximately $6 trillion which means must be almost 5 times more than Bitcoin and 10 times more than Etheruem knowing that the Shiba Inu is based on the Ethereum (ERC-20). Moreover, the value is even higher than the market cap of Tesla and Apple. What is more, to put this value to another perspective, The GDP of the United States is itself around $20 trillion.
Shall I invest my money buying Shiba Inu?
Shiba Inu coin has already reached $0.00008 and is likely to hit $0.0001 even though its price today is going down to $0.000026. Make sure that many traders believe in SHIB and invest real money.
I think now you are more knowledgeable about the Coin Market Cap. Therefore, you are able to realize how Shiba Inu can go to the moon. And again, it is ranked 13 today and more likely to be more.
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