Ready for the second part of the memecoin journey? Shiba Inu and Dogecoin are too. In the second part, it’s time to give Shiba a review!
You might have already noticed that meme-investing is a trendy way to make some quick money if you can stay on top of the crypto highs and lows. The sharp trends are definitely not for the faint-hearted or the HODL types who would like to be in the reckoning a bit longer than the flame in and flame-out crypto investors. In memecoins, these guys occupy opposite ends of the universe: Dogecoin is a low risk and low return option, while Shiba Inu is a high risk and high reward option.
Introducing Shiba Inu (SHIB – you can trade it here on MEXC) — token that aspires to be an Ethereum-based alternative to Dogecoin (DOGE), the popular memecoin.
Shiba Inu Crypto Price
Token of Shiba Inu has more than a million investors. This investor confidence is now allowing the developers to charter a more comprehensive growth strategy by branching out to gaming and
metaverse.
Shiba Inu’s representatives has hired William Volk, former vice-president of technology for Activision, to head the gaming division. This hiring is a statement of Inu’s confidence in its own capabilities of being something more than just a meme token. It wants to grow beyond its fraction of a cent price today to something more substantial in the future.
How many Shiba Inu crypto tokens are in circulation?
Shiba Inu Coin is based on the Japanese breed of dog, and offers three tokens – Shib, Bone and Leash. Shiba Inu’s creator Ryoshi launched this in October 2020 with the belief that decentralized communities are stronger and capable of creating something out of nothing.
Each of its token has a huge and varied number of tokens in circulation which range from a thousand trillion tokens of Shib to just about a hundred and seven of Leash.
Shiba’s Ecosystem
The protocol also offers Shiba Swap – a crypto exchange, Shiba Inu Incubator – a place for creative things such as NFTs and Shiboshis – offering almost ten thousand collectible NFTs right now!
Vitalik Buterin and SHIB
During the peak of the second wave of the ongoing pandemic Vitalik Buterin donated a big chunk of his holding in Shiba Inu tokens to India to tide over the crisis. The community refers to this coin as a Dogecoin killer.
Should everybody invest in Shiba Inu or Dogecoin cryptos?
The call to even get into meme investing should be given enough consideration. If you can follow crypto trends such as Elon Musk being the patron Saint for Dogecoin and any Tweets from him that can take the numbers to the moon and back must be followed in order to get the best prices in trading.
All in all, do memecoins fit you?
If you’re looking for a safe investment then maybe meme investing isn’t right for you… But if you’re willing to take risks then why not give it a try! Shiba and Dogecoin might be an option, since they are the most well-known coins! By memecoin investing some could end up making more money than ever before by just buying into these popular memes today!
Interested in other altcoins or meme coins? you can check articles tagged with alts and memes. New to blockchain and trading? If you want to know more about MEXC products and crypto trading, visit our Academy to learn how to start trading on MEXC.
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