Shiba Coin | Shiba Token | Shiba Inu Price Prediction | How To Buy Shiba Inu
156Shiba Coin | Shiba Token | Shiba Inu Price Prediction | How To Buy Shiba Inu
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Welcome to Our Shiba Coin Video!
As the adage goes, every dog has its day. This is particularly true about shiba inu, a cryptocurrency named after and based on the Japanese dog breed. Since its introduction to the crypto world, the coin has grown at an astounding rate, garnering attention from investors and enthusiasts alike.
What Is Shiba Inu?
Shiba inu is an altcoin created by a pseudonymous entity named Ryoshi in August 2020. Like many other cryptocurrencies, shiba inu’s name was inspired by a dog breed.
According to its white paper, which is known as the ”woof paper” in the shib community, the founder launched shiba inu on Ethereum because the blockchain is well-established and secure.
Shiba inu’s founder claims that half of the coin’s supply is locked on Uniswap in a liquidity pool, while the remaining was sent to Vitalik Buterin, the co-founder of Ethereum. The tokens were sent in hopes that Buterin would keep them.
But he burned most of them, removing them from circulation. He donated a substantial number of tokens to many charities, including the India COVID-19 Relief Fund.
Is It Safe?
The safety of any cryptocurrency depends on its structure and utility. Since shib is an altcoin, it is community-based. That means the coin’s success depends largely on the growth of the community. The utility has a lesser role to play in this regard.
In shib’s whitepaper, it has been called an ”experiment” for decentralized community building.
Even under the best circumstances, you should only invest in crypto what you can afford to lose, since all cryptocurrencies are risky investments. However, altcoins are especially risky because they have structural, use and supply differences from bitcoin, and their investment potential is more speculative.
When bitcoin was launched, the intent behind it was to offer a peer-to-peer decentralized finance system. The founder created the blockchain carefully, keeping the ecosystem’s utility and structure in mind. Moreover, there is a limited supply of bitcoin.
But the same cannot be said for shiba inu cryptocurrency. Thus, it is not a safe investment.
Where Can I Buy Shib?
You can buy shiba inu on ShibaSwap, the project’s native exchange, and on Binance.US, Coinbase, KuCoin and many other exchanges. Here are some ways to buy shib through Binance.US:
Bank Transfer: Link your bank account to Binance.US and select that account as your payment method when you’re ready to make your shiba inu purchase.
Trade: You can also trade your existing cryptocurrencies for shib on Binance.US.
Credit Card: Binance.US lets you buy shib using your debit card or credit card, such as Mastercard or Visa.
If you live in a state with unfriendly cryptocurrency laws, you can buy shib from a marketplace like KuCoin as part of a trading pair. In an example KuCoin gives on its website, you can buy shib through the shib/USDT trading pair and then exchange your USDT for shib.
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The information contained herein is for informational purposes only. Nothing here shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
I hope you found value in our Shiba Coin video. Make sure to leave a like on the video if you gained value from it!
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⏰ TimeStamps ⏰
0:00 SHIBA INU PRICE REDICTION Introduction
0:48 SHIBA INU COIN Summary
9:07 SHIBA INU Project Outro