In the first installation of this two-part blog series, we’ve discussed some reasons Shiba Inu (SHIB) is a rising star in the realm of decentralised cryptocurrency coins. Without further ado, let’s discuss more factors why it might be worth investing in!
5. Lower-Risk Investment Compare to Other Coins
The price of a SHIB coin is comparatively lower than what other coins are trading at in the market. Compared to other coins such as Bitcoin and Ethereum, SHIB’s price is lower, making it a lower-risk investment opportunity. This is because you are getting a good return on investment in the long term with a lower risk.
Besides, since SHIB is still relatively new, it is ideal for you to get in on the investment early before the value keeps increasing.
6. There’s a Precedence
As previously stated, the SHIB currency was inspired by Dogecoin, which was created in 2013. It was amusingly imitating Dogecoin. In the same manner that it began as a joke for Dogecoin, it is likely to continue in terms of growth and use. The same community that pushed and supported Dogecoin is now pushing and supporting Shiba Inu.
In comparison, the Dogecoin was valued less than a penny just a year ago and is now worth a little over 13 cents. A $100 investment made last year would today be worth around $2,300.
That is a staggering profit in just one year. Shiba Inu may follow in the footsteps of Doge if its current trajectory continues. You may boost your wealth with as little as a $10 or $20 investment.
7. Skilled and Experienced Developers Are Working on the Project
Despite the fact that SHIB coin has no technological advancements or practical applications other than propagating memes, it is managed by a team of seasoned and professional engineers.
Despite their anonymity, these developers are working hard to create top features that will propel the token to greater heights in this market. Because the project is still in its early stages, there is still a lot that they could do to improve the currency and make it more serious over time.
As an investor, this could be a good trial opportunity to grow with a new project with a calculated investment. You never know what this endeavour will become in the following years.
8. It’s Easy to Start Investing in Shiba Inu
It is easy to start investing in Shiba Inu. All you need is to buy the token through the exchanges where it is trading at. If you have a credit card, then the transaction is even easier. You simply have to purchase the coin, and you will get the tokens after the payment is completed.
Since the token is available on the major exchanges, it is easy to start with the investment. You can choose to buy it from the Binance exchange, KuCoin, and Cryptopia.
9. The Coin Has a Massive Community Following
Other than being inspired by the famous Shiba meme, the coin has a massive community supporting it. Several users are promoting the coin on social media platforms to the masses. If you are looking for an investment opportunity with a lot of community support, then this is it.
Furthermore, the coin has a high trading volume that continues to grow every day. This means that the token will continue to enjoy the support of its users as time goes by.
Cryptocurrency is becoming more popular with each passing day. Several altcoins are emerging, but not all of them are here to stay. As you may have already guessed, Shiba Inu coin, or SHIB, is not just here to stay—but it is here to get the crypto world moving.
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