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Shiba Inu: 5 fun facts about the famous meme coin
The token that gradually displaces Dogecoin
The growth that this token has had just because of its support can be impressive.
Despite being an advanced version of the famous Dogecoin, Shiba Inu has charted its own path being perfected and accepted by the trading community.
This token belonging to the Ethereum network is part of the famous meme coins and in an extraordinary way it has surpassed the path of many other tokens that have been on the market for a longer time.
As a result of the boom that Dogecoin had in the crypto market, Shiba Inu (SHIB) was born and from the first moment it became one of those backed by the billionaire owner of Tesla “Elon Musk”.
At first many cataloged it with the copy of Doge, but ultimately this exceeded the standards of its viewers.
It is currently one of the currencies with the lowest value, but high volume of trade in the market.
Do you want to invest in Shiba Inu ?: Take these data into account
These are the 5 curious facts you should know about her before investing in the daring meme coin.
1. In just one year it maintained continuous growth
This token was a surprise to everyone, not only because of its rage on the networks as a meme coin, but also because it maintains a growing position within the crypto market.
With little more than a year it has been received and valued by traders. Its popularity has allowed it to obtain up to 2,200% growth in much of its trajectory.
Today there are millions of people who have agreed to invest confidently in this token.
Although it belongs to the Ethereum network as one of the safest in the market, honestly it is still high risk and at some point quite volatile.
2. To the moon with Elon Musk's tweets
Thanks to the backing of the billionaire Elon Musk, this token shoots towards the moon, as it eventually stands out in the memes of the trading world.
We are always surprised how his value grows in an extraordinary way when this character publishes a simple tweet.
The reasons can be many, we can be talking about enhancing the token and then extracting the profits from it when it is on the rise, or simply growing and maintaining its popularity with a vision for the future.
3. More projects within the SHIB token
Although many invest just because of its popularity, this token has good transcendental projects.
The truth is that Shiba Inu brings with him a chain of meme coin tokens with the fixed purpose of taking the famous Dogecoin out of the first place.
In addition to having chain tokens, the development of a platform adapted to work with non-fungible tokens (NFT) is also planned.
Surely you have already heard about these tokens and their transcendent valuation. However, the possibility of creating these tokens will be carried out with the integration of an artistic project with the collaboration of a large group of artists.
4. Listed on Binance
A decision that boosted its profitability was the incorporation of this meme coin to the Binance lists.
In short, we can currently trade with the SHIB / USDT and SHIB / BUSD pair, however, it is established that its trajectory time is still very short compared to the stability of other cryptocurrencies.
For reasons like these, it is one of the tokens that, despite being very popular and popular, is highly volatile in the market.
You can find this token in the famous innovation zone; Binance offers a unique space to those tokens that grow and hold suddenly.
Known as innovative tokens and which in turn maintain a high probability of risk. They are very popular but at the same time considered the most volatile.
5. Anonymous creator
Although this is not usually rare in cryptocurrencies, in the case of Shiba Inu we have only one name "Ryoshi", who by August 2020 was presenting to the world the biggest adversary for Dogecoin.
Since then, it has had ups and downs, but its popularity continues to grow to the point of displacing cryptos with a longer time of transcendence.
Currency projections
The projections based on Shiba Inu are very high, despite being a high-risk token, there are many looks that bet to see a return on its value even in the coming years.
Indeed, we continue to plan the idea of closing 2021 with positive changes and improvements in the rest of its internal projects. This will enhance its value, leaving this decentralized community as a new role model in token creation.
Shiba Inu closure by 2021
While the year has been successful for this popular meme coin, we can't help but think of a perfect close.
Its enormous circulation offer gives it an advantage over its competition, we could witness massive growth and hope that like every boom in social networks, it's time to fade will come.
