All you need to know about the Shiba Inu coin, including where to buy it in India.
The Shiba Inu coin is based on the Ethereum network and is currently the fastest-growing cryptocurrency among the top 100 by market capitalisation.
Investors are constantly on the lookout for the next big thing, with cryptocurrencies like Ethereum and Dogecoin hitting new all-time highs. The Shiba Inu coin, which has been gaining traction since Dogecoin’s recent dip, is the most recent addition to the crypto universe.
Shiba Inu, according to CoinMarketcap numbers, grew by more than 120 percent in the last 24 hours and 1,970.57 percent in the last seven days. The token, which is positioned as a Dogecoin alternative, has a market capitalization of more than $13 billion. Dogecoin, on the other hand, is valued at over $61 billion.
What exactly is a Shiba Inu coin?
The Shiba Inu is not a very well known Coin. The coin appears to have been designed to compete with Dogecoin. Shiba Inu, according to its website, is experimenting with decentralised spontaneous group building.
The Shiba Inu, a Japanese hunting dog that gained attention thanks to Dogecoin, is featured on the coin. Elon Musk, in reality, wants a Shiba Inu puppy.
“The token is our first and allows users to possess billions or even trillions of them,” the website states. This ERC-20 ONLY token, dubbed as the ‘DOGECOIN KILLER’, can trade for as little as a penny and yet outperform Dogecoin in a short period of time (relatively speaking).”
It claims that anyone must purchase Shiba Inu coins on the open market, ensuring a fair and full distribution without the developers having team tokens to dump on the group.
These ‘get rich fast’ coins, however, will come with risks. Although the past percentage returns may appear to be quite appealing, some of these coins have gone bankrupt in recent months.
Where can I buy a Shiba Inu Coin In India?
Despite the government’s danger of banning cryptocurrencies, Indians are actively trading them. The recent surge in Ethereum and Dogecoin also brought India’s largest cryptocurrency exchange, WazirX, to its knees. The Shiba Inu coin, on the other hand, is not available for trading on WazirX.
The coin can be purchased on websites such as CoinDCX, Binance, and Coinbase. UniSwap will require buyers to add their sponsored cryptocurrency wallet. The linked wallet must have funds in a funded cryptocurrency, which is either Ethereum or Bitcoin in most cases.
Buyers must then configure the currency they want to trade for Shiba Inu, as well as the slippage (price change) tolerances and the length of time they are willing to wait for the transaction to complete.
Users can receive Shiba Inu coins in the desired sum if the price matches during the time span.
Get Your Free COIN DCX Account Here.
Get Your free WazirX Account Here.
For the Best Affiliate offers become a publisher for Flex Offer — www.flexoffers.com. They are the best for affiliate offers and quick payouts.
