5 Why Reasons You Should Buy Shiba Inu Right Now!
If you know you want to make a lot of money this year from the crypto market, then this article is just for you! I’ll be giving you tips you won’t see anywhere else on the best coin to invest in this 2022!
If you’re familiar with the crypto market, then you’ve probably heard of Shiba Inu, if you aren’t, I’m still here to help.
First, I feel it’s only necessary I give you a little background information about Shiba Inu so you understand all the information I’m about to give you. Shiba Inu is a coin that was created in August 2020 and it’s a Ethereum based altcoin. The Mascot is a Japanese breed hunting dog known as Shiba Inu and that’s how the name came about, “Shiba Inu”.
Shiba Inu has a value of more than 21 billion dollars and it’s one of the biggest coins in terms of market capitalisation. It may not be as popular as other coins like Bitcoin and Dodgecoin that have been in the market way longer but I’m here to give you five reasons why you should buy Shiba Inu today, especially if you want to make a lot of profits.
Shiba Inu has shown a huge amount of growth in just the last few months. In 2021, Shiba Inu went up by 49 million percent. Currently, the price of Shiba Inu coin is at 0.0003398 flunctuationg more or less but there are still people that expect Shiba Inu to go up another 49 million percent. This may probably not happen though because if we look at the cryptocurrency market caps, bitcoin is under one trillion market cap and so if Shiba Inu would go up by 42 million percent again, then it would be an astronomical number. However, for Shiba Inu, there are a lot of good things that are going to happen in this 2022.
Like any other crypto currency, Shiba Inu flunctuates due to varied reasons but if you’re looking to invest, here are 5 reasons you need to buy Shiba Inu right now.
It’s listed in multiple exchanges. Do you know that if a coin is easily accessible, then its value would grow more? Well, the way it works is that if the coin is easily accessible, more investors would be able to buy and speculate which spikes its demand. A coin becomes more accessible when it is listed in multiple exchanges. Looking at Shiba Inu, it has been on various exchanges, but has recently gotten listed in a few others, including OKEx and Binance. Shiba Inus price surged significantly when it was listed on these two exchanges in May 2021. In October, Shiba Inu got a listing in Coinbase Global which is the biggest exchange in the United States of America and after this listing, the coin surged by 40 percent in just two days and later by 20 percent in November when it got listed on Kraken. I’m sure you’re wondering the point of all these information. Well, in 2022, sources say that the Shiba Inu coin would be listed in more exchanges like Robinhood and as history tells, this would spike its value. So, if you want to make a lot of money this 2022, then get a few tokens now and when this listing happens, you can expect to make a lot of money this 2022. Quick question, tell me in the comment section, in the year 2021, did you buy Shiba Inu coin? If you did, did you make profits? Or is this the first time you are hearing of this coin? Please answer in the comment section because it would be very helpful to me for measuring statistics. Thank you for always being so helpful!
Next reason why you should buy Shiba Inu right now is that the nominal price is low. Now, let me explain. Shiba Inu, like most other altcoins still has a low nominal price. When you compare it to Bitcoin that is currently trading at about 51,000 dollars, Shiba’s price is actually very low. Shiba is currently trading at 0.00003307 dollars. This is a good thing because this means with 1000 dollars, you can buy 30125282 Shiba. If you invested 1000 dollars in Shiba Inu coin on January 31st 2021, guess how much you would have now? Drum rolls… 285, 500 dollars today. A 1000 dollars purchase could have bought 12.5 billion coins which would be worth 285, 500 dollars.
The third reason on our list is Shiba Inu growing use cases. Okay so most people deride Shiba as a joke coin, just like its predecessor Dodgecoin. This coin’s value has largely been dependent on its meme status but as more people get interested in the coin, the coin’s utility seems to be growing. Some big companies like AMC Entertainment holdings which is the largest movie- theatre chain in the world that also stocks memes are already showing interest in using this token as payment. Newegg Commerce, a computer and electronics e- commerce shop and BitPay also plans to begin accepting Shib tokens as payment. This may seem like just few companies, but I should point out that if more companies continue to accept this crypto currency as a means of payment which is likely to happen by the way, then Shiba’s value would grow more in these upcoming months. Are you getting convinced yet that Shiba Inu is one coin to watch out for?
Shiba Inu growing demand. As earlier mentioned, Shiba Inu began as a meme coin. Most people considered it as a joke and you know how these things are. Everyone began to join it just to be part of this joke because I don’t know if you’re familiar with the term FOMO, the fear of missing out. Now as more people began to join the community, they began to buy more coins and surge demand. This coin has seen more growth than dips and it shows the same progression. Investing in this coin shows that that you’ll likely make a lot of profits in 2022. And get this, you won’t be losing out because you could buy thousands of this coin right now and keep in your portfolio because the price is still very low now. I bet you don’t want to be caught slacking right now.
Shiba Inu whales ownership. I’m sure you’re wondering what whales ownership means if you’re new to the crypto market. Don’t worry. I’m always here to help out. Whales are large owners that own or invest significant portion of a coin. Now based on research into the Crypto world, about 70 percent of Shib tokens are under the custody of fewer than ten investors. These investors believe in the coin and are looking forward to driving it up. Most of them have been adding more coins to their portfolio which has spurred Shib’s token demand and pushed its price up. In fact, in the last two weeks, two whales added more than eight billion tokens in their portfolios. Of course, we expect that such purchases would continue which should tell you that Shiba tokens are definitely a worthwhile investment.
Having mentioned all these, I still feel there are other reasons I should add. One doesn’t really have to do with Shiba Inu and the second one does. The first is that we’re waiting for Ethereum 2.0 to drop in the nearest future. It is believed that if it does, then it could significantly increase the availability and probability that people will use Shiba Inu as payment but if they release Shabarium before then that would be even better so whichever that happens first. The other thing is that Shiba needs more people to invest which would happen if Shiba continues to move significantly up. By more people, it could be people that were not originally interested in Crypto and maybe by seeing one or two ads, they become interested.