As cryptocurrency is becoming more and more a household term, many coins are now making rounds and outdoing one another. One of the rising stars nowadays is the famous Shiba Inu (SHIB), a decentralised coin inspired by Dogecoin.
Shiba Inu was launched in 2020 by an anonymous individual known as “Ryoshi” and now has trillions of tokens in circulation. However, is it worth the hype? To answer this, we’ve created a two-part blog series highlighting the reasons Shiba Inu may just be the next big thing you can invest in. Read on to learn more!
1. Token Price is Affordable
Most cryptocurrencies at the top of the markets are very expensive and are not affordable by people with their regular incomes. There are many coins that cannot be bought with a few hundred dollars or even a few thousand.
Shiba Inu coin is one of the very few cryptocurrencies that are still affordable and can be purchased by regular people. It has a relatively low market cap, with a token price of $0.0000251 per unit! This is one of the reasons why you need to find out more about it. This coin is likely to rise beyond the expectations of the people.
2. There Is a Lot of Hype Surrounding It
The SHIB coin is one of the most touted cryptocurrencies. It has grown in popularity due to its meme theme, and social media users are presently experiencing a meme revolution. Memes have become a source of knowledge and amusement in recent years, with practically every significant event in the globe being communicated in memes.
This coin rose to prominence as a joke, mocking other digital currencies, and has subsequently risen in popularity. The way we see it, this craze is not going away anytime soon, and money will remain flowing.
3. Chinese Traders Are Buying in Hordes
The Chinese market is one of the most prominent digital currency markets because of the large number of crypto-users in the country. In fact, a substantial percentage of Bitcoin is mined in China, and many other coins are also traded in the country.
The people of China are also the most prominent investors of cryptocurrencies and have a growing interest in investing and trading in them. This means that the currency is likely to be adopted quickly by the Chinese market. In fact, many Chinese traders are getting into the market to buy SHIB tokens in large numbers, meaning that they are likely to grow in value in the near future.
4. Shiba’s High Liquidity Ratio
The liquidity ratio of any cryptocurrency means how easily it is adopted by the market and traded. The higher the liquidity ratio, the faster the circulation of a coin, and the easier it is to sell or trade for a profit.
SHIB tokens have a very high liquidity ratio, which means that they can easily be traded in the market for a profit. This also means that it can be sold very quickly if you decide to take your profits and run, keeping the value of your assets high.
SHIB tokens have all the ingredients to rise beyond the people’s expectations and make a mark in the cryptocurrency markets. You can get in now at an affordable entry cost and make a very nice profit. We cannot say for sure how high the value will go, but the trend is positive, and we can say that it will be one of the best cryptocurrencies of 2022 onwards. Tune in for part 2!
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