Shiba Inu :Buy or Ignore 🤔

in Project HOPE4 years ago

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Everyone!!! I hope you are having a great time over there? It's really nice to see you visit my blog today and I must say I'm really happy to have a great personality like you visiting my blog today 😊. Thank you once again 💕

I'm definitely gonna make this post very brief as much as possible for proper comprehension and understanding. I'm definitely sure most of us might actually be aware of a top trending meme coin known as "Shiba Inu Coin"(Shib) which some people are also calling Dogecoin killer. I think it's really best if we can learn some special features of this coin via the brief review I'm going to share below for proper explanation of what Shiba Inu coin is all about.

Brief Review about Shiba Inu Coin

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I'm definitely sure most of us might have heard about Dogecoin probably from a friend or social media or maybe you probably heard some people discussing or writing about Dogecoin. There's actually no doubt that Dogecoin seems to be one of the top trending coin in the crypto space due to the influence of Elon Musk and Dogecoin community also known as Dogecoin armies. The major reason behind the trend was the mission to shoot the price of Dogecoin to worth one dollar ($1).

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This also attracted lot of investors and some organisations to invest in Dogecoin due to it's popularity and also with the hope of making more profit on their investment.

After some months around August 2020, some anonymous developers known as "Ryoshi" came up with the plan of creating another new meme token known as Shiba Inu. The word Shiba Inu is usually used to address a special breed of dog in Japan whose picture is shown below.

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Coin Prospect, Exchanges and Others

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We can't really have the same thought or opinion about a particular situation or topic, we tend to think differently and sometimes we judge differently based on our past experience(s), knowledge or discretion. The same thing can be observed when it comes to making predictions about cryptos.

Different crypto analyst stated their view as regards the future worth or price of Shiba Inu. Some actually claimed it doesn't worth it when it comes to investing due to the fact that the supply happens be very high and it has no use case while some also claimed that it's also a good coin to watch for because of the support and community backing up the project just like the case of Dogecoin.

My View

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  • From the information acquired from coingecko, we can see that the project now has multiple explorers apart from etherium. The coin now has it's contract address on both polygon blockchain and fantom blockchain which shows a great development from the team backing up the project.

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  • Also, this same coin happens to be the top second meme coins apart from Doge coin which is still maintaining the first position while Shiba Inu coin is still the second in position of all meme coins around the world. It is also amongst the top 50 coins in coingecko currently at rank 32 as shown in the image above.

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  • Shiba Inu coin has also been listed on over 50+ exchanges including some other top exchange like Binance, Poloniex, Okex, Ku Coin, Huobi, crypto.com, Wazir X and many other exchanges. There's also a very high chance it also get listed on Coinbase very soon and probably maybe get listed on Robinhood.

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  • Shiba Inu coin began to attract more people when the founder of Etherium Vitalik claimed to burn some percentage of the token and he also gave out over 50 trillion Shib tokens as donation to Indian for Covid crypto relief fund. This really got lot of people talking about the coin maybe Vitalik will either support the project or not but that's definitely left for him to decide.

In Conclusion

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I was actually able to bag fee Shiba tokens with the little bucks I had on my Poloniex account. I am quite sure that with $10-20 you should be able to have millions of Shib coins. This is not a financial advice though but I think Shib isn't one of those coins you should ignore for investment because anything can happen at anytime as regards to the price or value of the coin due to the team and community involved. If you can really risk few bucks to buy and hodl for some period of time if you feel like though but this isn't a Financial advice (NFA).

Thank You for your time and I hope you have a great day ahead with love from @hardaeborla
💕❤️💕❤️💕

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hello @hardaeborla,
personally I don't think dogecoin has much of a future let alone a coin that is a copy of dogecoin now it is possible that for the whole bull market an investor will can make some money but if the market falls the coins that have no utility will go to zero, this is just a personal opinion.

I am holding my amount of shiba inu tokens, I am confident that this token promises many good things, in the long run it can reach a very attractive price.

Greetings and thanks for sharing this information, I really enjoyed reading.

Keep holding.. Shiba Inu to the moon 🚀🚀🚀

I have some SHIBs in Coinex. I am confident that at some point it will take off just like DOGE. I keep holding, in fact I want to buy more and keep betting on it.

Thanks for bringing this post to us.

Nice idea! I also wish to buy more Shib tokens and hodl for the future.

Thanks for your lovely comment with love from @hardaeborla and I hope you have a great day ahead ❤️💕💕

Very good information... Well, Shiba Inu is one of the projects in the cryptocurrency world that have potential and that why holdl is recommended. I am holding my SHIB and I wish it to the moon.

Keep holding Shib! Shib to the moon 🚀🚀🚀

The coin looks good with a lot of good prospects, I should get one to hold for myself also to avoid stories that touch later on.