Shiba Inu Coin is one of the crypto coins created out of a joke that has made it to the top of the crypto world. Today, there are over 900,000 Shiba Inu holders.
Cryptocurrencies are known for their volatility in price which has been a concern for investors and traders. The Shiba Inu coin is therefore a case for its holders to know its future.
There have been predictions by crypto enthusiasts regarding SHIB. In this article, we’ll look at what will likely happen to the self-acclaimed ”Dogecoin Killer”.
What is Shiba Inu Coin?
Shiba Inu Token (symbol SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person or persons known as ”Ryoshi”.
Named after the Shiba Inu, a Japanese breed of dog, this token is characterized as a ”meme coin”. It has the same dog symbol as Dogecoin, which itself is created as a joke based on the Doge meme.
Shiba Inu Coin
Is Shiba Inu a Good Investment?
Cryptocurrencies generally are highly volatile assets, making them riskier than other forms of investment. It is therefore important for you to learn more about crypto and the coin you’ll be investing in.
You should never invest money that you cannot afford to lose. You should also evaluate the risk involved before putting your hard-earned money into it.
If you’re a risk-taker, you might take the opportunities provided by SHIB tokens to earn a fortune in the long run.
Is Shiba Inu a Good Investment For The Future?
As we approach the New year, crypto investors and traders are already looking at crypto to diversify their portfolios. SHIB had its up and downs just like other cryptos in 2021, the influence of Elon Musk via tweets still make it a force to reckon with.
Shiba Inu coin which is a meme coin is however a high-risk investment. Whether it has a future depend on whether it finds a use that leads to widespread adoption.
SHIB’s future will also depend on activity across cryptocurrency markets. With new coins being added to the thousands of existing coins, a rival meme coin could emerge and capture investors’ attention.
Prestmit is one of the best peer-to-peer platforms where you can trade cryptocurrencies. There are better interest rates on this platform for your investment.
You should also check out the following:
Is Shiba Inu Coin A Dogecoin Killer?
What You Need To Know About Shiba Inu Coin
Top 5 Reasons Why You Should Buy Dogecoin Over Shiba Inu in 2022
