What is Shiba Inu (SHIB) and how to buy it?
Decentralized cryptocurrency, the Shiba Token created in August 2020. Creator of this, so-called “Dogecoin Killer”, created in August 2020 by someone called “Ryoshi”. The real identity of this person or group is still unknown. Name Shiba Inu is a name of a dog bread. Shiba started as a meme coin, but the situation has changed a lot since then. It’s not a secret that Elon Musk showed his interest in Shiba lately which made huge popularity on Shiba Coin. Massive supply of Shiba is the main problem in Shiba Inu coin to reach 0.1USD value, to fix this issue they going to burn 90% of the total supply.
How to buy Shiba Inu Coin on Binance
Yes, Binance is one of the well-known and most trusted crypto wallets in the world. So, Buying Shiba Inu in Binance is a good decision. First, this is first, you must make a Binance account to yourself and verify by submitting the requested documents. When your account is approved you are good to go. At the moment you cannot buy Shiba Inu with credit or Debit cards. The best possible solution is to deposit your local currency on Binance first and then exchange or convert to SHIB. Or if you have any type of cryptocurrency on Binance now (Binance supports more than 150 coins) you can convert those coins on spot with SHIB. Deposit your local currency and trade Shiba Inu coin is also one option. When you install the Binance app on your mobile, you can trade, buy or sell Shiba Inu coins Binance on the go.
How to buy Shiba Inu on Coinbase
In September 16, 2021 Coinbase listed Shiba Inu. By making a Coinbase account and validating you are eligible to buy Shiba Coin via Coin base Android and IOS app. That means Coinbase customers now can Receive, Store, or Trade Shiba Inu coins. SHIB planed to be the alternative to Dogecoin, which is the most popular meme coin. Unlike Bitcoin or Ethereum No one took seriously on SHIB coin due to its massive supply of quadrillion coins. But eventually, things have changed, now the token has an ecosystem that supports NFT art incubator projects and their owns decentralized exchange called Shibaswap. These reasons developments lead Coinbase to list this rising meme coin to their base.
Will Shiba Inu coin reach $1
Will Shiba Inu coin reach $1 2021 or in any day is the best question about Shiba Inu SHIB nowadays. According to Don Guo, CEO of fintech firm Broctagon, This could be an impossible dream to achieve. To reach 1$, market capitalisation of one quadrillion US dollars requires. It is a huge market and may not be possible in recent years. This is a true story and investors should not use their money blindly in this crypto market.