How to buy Shiba Inu coin

Shiba Inu continues to be the "fashionable" coin that does not go unnoticed and always gives something to talk about. Also known as the "dogecoin killer", Shiba Inu is an altcoin whose price has soared in the market achieving returns of up to 7,000% between April and May 2021.

In October 2021 it reached new highs thanks to the launch of collectible NFT Shiboshis and the great Bitcoin bull run that has dragged the other altcoins "to infinity and beyond."

However, much of Shiba's growth is due to the community behind the coin that has decided to make it the new dogecoin. To date, this peculiar cryptocurrency also has its decentralized exchange called ShibaSwap.

Shiba Inu started as a meme (joke) similar to Dogecoin and therefore, it is not surprising that many people wonder:

What is the Shiba Inu coin? 

Shiba Inu is a coin that uses as a logo the same mascot used by Dogecoin, the very famous cryptocurrency that started as a kind of joke around 2013 and today is in the Top 20 cryptocurrencies listed on Coinmarketcap.

Where can I buy Shiba Inu Coin? 

Binance, the largest exchange in the world today, located in Korea, already has Shiba Inu available for sale as of May 2021. And the fact that an exchange like Binance has Shiba Inu in its listing is too big a vote of confidence against the potential of the coin.

Something to keep in mind before investing in Shiba Inu is that this is a very volatile currency that can see significant and unexpected changes in value at any time.

In addition to Binance, Shiba Inu can also be purchased on Huobi, Coinbase, Gate, Kukoin, Poloniex, Bitfinex, and Okex among other coin exchange platforms.

Very soon RobinHood (the most popular investment app among retailers passionate about trading), is expected to include Shiba Inu Coin within its listing to be able to buy or invest money in the "puppy" coin.

Here is a simple tutorial on how to buy Shiba Inu:

Shiba Inu has a lot in common with Doge. Not only do they both take their name and image from a meme featuring a Japanese Shiba Inu dog, but the Shiba Inu coin is a new version of Dogecoin, but one that, according to its founders, has improved on the original, indicating that Shiba has a good chance of following in the same footsteps as its predecessor, Dogecoin.

What is Shiba Inu Coin? 

Shiba Inu Coin is the name of the coin launched in August 2020, but which only until the last weeks of April 2021 became popular thanks to its huge growth, which is largely due to the fluctuations of Dogecoin, especially after Elon Musk's appearance on Saturday Night Live, which had been preceded by a hype of epic proportions.

Some DogeLovers expected Dogecoin's value to skyrocket and even break through the dollar barrier. Instead, it plummeted from about $0.70 to $0.42 after Musk's TV appearance and has yet to recover much. Shiba Inu, on the other hand, has remained bullish.

In the Shiba Inu Coin Whitepaper (a manifesto written by the creators of the cryptocurrency detailing everything about it: technology used, a summary of the concept, future applications, etc. the founders describe it as a potential "killer" of Dogecoin because it can "outperform Dogecoin, exponentially, without ever crossing the $0.01 value."

The Shiba Inu coin trades on cryptocurrency exchanges under the symbol SHIB. The blockchain for Shiba Inu is the Ethereum network, which is a well-established venue for cryptocurrencies and was selected by the creators for its already well-known stability and features.

What is the current price of the Shiba Inu coin?

Shiba Inu has experienced stratospheric growth so far this year although it has seen a sharp drop from its highs achieved in mid-May 2021.

However, the dog cryptocurrency has rebounded again in October 2021 marking new highs, thanks (again) to a new Tweet from Elon Musk featuring an image of his pet Floki (of the Shiba Inu breed) in his car.

Floki Frunkpuppy pic.twitter.com/xAr8T0Jfdf

— Elon Musk (@elonmusk) October 4, 2021

During the following days, the rise of Shiba Inu consolidated, after the launch of SHIBOSHIS NFT, to reach a maximum value of 0.00008719.

What is ShibaSwap? 

ShibaSwap is the Shiba Inu project's decentralized exchange (DEX), where you can exchange other cryptocurrencies for Shiba Inu, or vice versa. The promoters of the currency describe it as a "secure place to exchange cryptocurrencies that offers the guarantee of being completely decentralized".

The recently launched service was long-awaited by the community of Shiba Inu holders, better known as the SHIBA ARMY. 

Why this dog? What is it with the Internet and Shiba Inu?

The Shiba Inu is a hunting dog originally from Japan used for small game hunting. The Japanese describe it as an energetic breed that is a bit difficult to train and will come when it feels like it and is also stubborn, free-thinking, which is perhaps the most positive way to represent it.

In essence, Shiba Inu are the cats of the canine world, which explains why the Internet has embraced them so spectacularly.

The origin of Dodge. The "dog meme" Kabosu

The "Doge" meme originated in 2013 with the appearance on the Internet of a photo of a dog named Kabosu, who lives in Japan with his owner, Atsuko Sato. Kabosu appeared in the image looking warily at the camera with his paws crossed.

The peculiar image soon spread virally, with various texts superimposed with grammatically incorrect phrases written in Comic Sans font.

Like many memes, in a random moment, it went viral and the rest is already a legend.

Did you know all this about Shiba Inu, do you have anything else to share about the coin? Tell us your opinion in the comments box.