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What is Shiba Inu coin?

2 Mins read

Shiba Inu is the latest viral cryptocurrency to attract investor attention. The current price of Shiba Inu is approximately $0.000032 after gaining more than 120% in the past 24 hours. The large surge in Shiba Inu comes on the heels of Dogecoin price falling sharply after Elon Musk hosted Saturday Night Live.

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If you are looking for information on what is Shiba Inu coin and how to buy Shiba Inu now then this guide is meant for you.

Where to buy Shiba Inu: top cryptocurrency brokers to buy SHIB

The first step in buying Shiba Inu is selecting a reputable cryptocurrency broker. Shiba Inu coin is relatively new but is readily available to buy at some of the top cryptocurrency brokers. Our team of experts is comfortable in recommending two brokers where buying Shiba Inu is safe, secure, and easy.

1. eToro

eToro is one of the fastest growing and most popular cryptocurrency exchanges. The company was founded more than 15 years ago and gained popularity by offering extremely low fees, an easy-to-use platform, and a social element to investing.

2. Binance

Binance is a cryptocurrency to cryptocurrency exchange service that was launched in 2017. Since then, it expanded its offering to include more than 130 coins. Binance confirmed that as of May 10 at 11:00 AM (UTC), users can start buying Shiba Inu coin via two pairs: SHIB/BUSD and SHIB/USDT.

What is Shiba Inu coin?

Shiba Inu started to capture investor attention when the price of a Shiba Inu coin rose more than 300% ahead of Musk hosting Saturday Night Live. While Shiba Inu and Dogecoin share a similar mascot in the form of a dog, Shiba Inu nicknamed itself as “the Dogecoin killer.”

Shiba Inu may be new to some investors but the platform is quite interesting and may have some future potential value to offer. The Shiba Inu token, or SHIB, is listed and incentivized on ShibaSwap, a decentralized exchange.

Will Shiba Inu rise in value?

SHIB is a new token that is banking off the popularity of fellow dog-themed Dogecoin. It may take some time for large investors to appreciate its features. In the meantime, the company has not yet released a product to its community.

Also important to note is that Shiba Inu could experience large volatility. While this expected among new cryptocurrencies, it gives early investors and speculators the possibility of buying Shiba Inu at a low price.

Social media reacts

DOGE IS DONE #SHIB IS THE NEW MEME COIN GET ON IT WHILE ITS JUST STARTING, BINANCE JUST LISTED IT!!!

— Raymond (@Raymond09531826) May 10, 2021

I never thought $shib would be my biggest bag. 3 months ago it seemed blasphemous to even consider it a possibility. Keep going shib im still not selling?

— Inspector Rodriguez (@inspeector) May 10, 2021

We just hit 0,00003€!$SHIB to the MOON BABY ??

— SHIB ARMY ?? (@shibatoken_) May 10, 2021

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