Over the last week, the value of a meme-based cryptocurrency has skyrocketed. We’re talking about the Shiba Inu coin (Where to Buy Shiba Inu), in case you haven’t figured it out yet. The cryptocurrency, also known as Shiba Tokens, has grown in value by 35%. This happened shortly after it was added to Coinbase’s cryptocurrency list.
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What is Shiba Inu Coin
Let’s start from the beginning. Shiba tokens are a decentralised cryptocurrency launched in August 2020 by an anonymous person named Ryoshi.
The currency’s name is derived from the “Shiba Inu,” a Japanese dog breed whose image appeared on the dogecoin symbol.
On the Ethereum Blockchain, Shiba Inu (Where to Buy Shiba Inu) is an ERC-20 altcoin. The token’s whitepaper states that it intends to create a three-token ecosystem with diverse supplies. Leash and Bone are the other two tokens used in ShibaSwap. With a total collection of one quadrillion Shiba Inu coins, the foundation’s currency is Shiba Inu coins. ShibaSwap, a decentralized exchange built by the token’s creators, allows users to dig, hasten, and get their coins. These terms refer to the provision of liquidity, the stakement of coins, and the retrieval of coins.
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Most of the SHIBA vocabulary is based on something linked to dogs, if that isn’t evident already. The crypto market frequently appears to be a puppy factory, according to Elon Musk’s Twitter feed and numerous meme-obsessed investors. The rates of this coin, like its concept and names, have been influenced by blizzards. For example, when Elon Musk indicated interest in owning a Shibu puppy, the coin’s value soared by 300 percent. Vitalik Buterin, a Russian-Canadian programmer and author, gave 50 trillion SHIBA tokens to the India COVID-Crypto Relief Fund on May 13, 2021.
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Why is the Shiba Inu a Popular Coin?
Since the Dogecoins, various pet coins have gained popularity, including Shiba tokens. Dogecoins were created as a spoof currency to highlight how individuals acquired cryptocurrencies without fully understanding it. With a market capitalization greater than many international corporations, it’s paradoxical that the money has never served any purpose. Simply said, the Shiba Inu currency has done very well due to the millennial concept of FOMO (fear of missing out). Investors who missed out on the Dogecoin craze are now on the lookout for the next Dogecoin.
Cryptocurrency has exploded in popularity as a result of this alone. The introduction of ShibaSwap, however, is a significant distinction between the Dogecoin and the Shiba Inu coin. SHIB is a member of Ethereum’s decentralised financial ecosystem because it has a decentralised exchange. It allows users to obtain access to specific features of the exchange, such as yield and token switching. Dogecoins forbid us from implementing these features.
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How to Purchase Shiba Inu Coin in India (Where to Buy Shiba Inu)
Shiba Inu coins are not listed on several Indian exchange platforms. WazirX was the first cryptocurrency exchange to list the cryptocurrency for trading in Indian rupees. It is one of India’s most popular trading platforms, and here’s how to buy SHIB using the WazirX app:
- Use a valid email address and phone number to register.
- Submit appropriate documents such as an Adhaar Card and a PAN Card to complete KYC.
- To fund your WazirX account, link your bank account or choose from a variety of deposit methods.
- Shiba Inus can be purchased using Quick Buy or the Buy/Sell Option.
- Make a purchase. The crypto will appear in your WazirX Wallet once the order is processed!
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Shiba Inu Coin’s Future in India (Where to Buy Shiba Inu)
Even though the current situation is bleak, the SHIBA token has some good news on the way. According to some analysts, the Shiba Inu coin’s price is expected to rise 30% in the next three months, and by the beginning of next year, it may be worth up to 90% if you invest now.
The Shiba Inu Coin has broken out of the fallen wedge pattern, signalling the presence of bullish momentum. In addition, the Shiba token has recently displayed some strong rates. SHIB looks forward to a bright future based on this figure.
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Where to Buy Shiba Inu
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Where to Buy Shiba Inu?
Shiba Inu coins are not listed on several Indian exchange platforms. WazirX was the first cryptocurrency exchange to list the cryptocurrency for trading in Indian rupees.
How to Purchase Shiba Inu Coin in India?
Use a valid email address and phone number to register.
Submit appropriate documents such as an Adhaar Card and a PAN Card to complete KYC.
To fund your WazirX account, link your bank account or choose from a variety of deposit methods.
Shiba Inus can be purchased using Quick Buy or the Buy/Sell Option.
Make a purchase. The crypto will appear in your WazirX Wallet once the order is processed!
Why is the Shiba Inu a Popular Coin?
Since the Dogecoins, various pet coins have gained popularity, including Shiba tokens. Dogecoins were created as a spoof currency to highlight how individuals acquired cryptocurrencies without fully understanding them.
What is Shiba Inu Coin
Let’s start from the beginning. Shiba tokens are a decentralized cryptocurrency launched in August 2020 by an anonymous person named Ryoshi.
