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Shiba Inu (SHIB) is one of a number of pet coins that have exploded in popularity since Dogecoin’s (DOGE) stratospheric rise.

Live Shiba Inu (SHIB) Price

Live Shiba Inu (SHIB) Chart

Shiba Inu (SHIB)

There are now over 13,000 cryptocurrencies in existence, and new ones are being introduced every week. Few of these currencies provide significantly superior technological innovation than Bitcoin, Ethereum, or other top cryptocurrencies.

In order to stand out in the crowd of alternative coins, Dogecoin’s distinctive meme-friendly branding style has been copied by Shiba Inu.

The lighthearted nature of the coin attracted a wide range of followers and the price has been boosted thanks to tweets from Elon Musk and other celebrities.

Who started Shiba Inu?

Ryoshi, the enigmatic founder (or founders) of Shiba Inu, has a minimal profile. This is regarded as a positive thing because it indicates that the currency may be genuinely decentralized and belong to the public. Due to the anonymity, it is uncertain whether Shiba Inu creators are in this for the long-haul.

Why Shiba Inu?

The Shiba Inu is a cryptocurrency that has somewhat more purpose and technical sophistication than Dogecoin. It also has a whitepaper (known as a woofpaper) that details the project as “a 100% community-based, cryptocurrency experiment.”

Shiba Inu may succeed or fail in the long run, depending on its continued efforts behind the scenes and ability to continue attracting investors.

How to buy Shiba Inu?

You can buy Shiba Inu (SHIB) on dozens of exchanges now.

We recommend Crypto.com although just recently Coinbase just started selling it also.

Benefits of owning Shiba Inu (SHIB)

The Shibaswap decentralized exchange is one way Shiba Inu creators are attempting to expand their community and brand. Decentralized exchanges, often referred to as p2p trades, are decentralized peer-to-peer trading systems that allow users to exchange cryptocurrencies without depending on a third party. Shiba Inu is one of three cryptos in the so-called Shiba ecosystem.

Users of Shibaswap may also stake their crypto to earn interest, similar to what is earned on a savings account. Shibaswap users may also keep track of their profits in the “bonefolio,” which contains more than 10,000 unique dog-themed nonfungible tokens with different characteristics and rarities.

Alternative crypto investments

We never provide investment advice but if you are buying crypto, we always suggest buy tokens that have real use-cases, increasing adoption, and serve a purpose.

Whether you buy Shiba Inu or not, Crypto.com is one of favorite and trusted exchanges that offers SHIB plus hundreds of other cryptocurrencies to invest in.

How to buy shiba inu coin in new york

We are often asked about how to purchase various cryptocurrencies in New York and at the moment there are restrictions preventing citizens in New York to buy Shiba Inu SHIB. 

If we see these restrictions are lifted we will be sure to update the site. 

Wrapping up:

Some people are comparing Shiba Inu to Pets.com, which was obliterated during the internet crash in early 2000’s after seeing meteoric growth.

The same bubble that took out Pets.com might also take out all the “pet” coins that have no utility.

We don’t believe that, but we do believe that putting all of your money into meme coins that are highly volatile is not a good idea.

The cryptocurrency industry as a whole is considered speculative, but the more experienced investors are putting their money in assets with a track record.

CryptoWhat
CryptoWhat was created in 2015 and has become one of the most trusted and well-respected sources of information on all things crypto. The blog's authors are dedicated to providing clear, concise, and jargon-free explanations of this complex technology, so that everyone can understand it.