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But a few analysts have put their forecasts in ink, and we're going to let you know what they're saying. The Shiba Inu coin is very new and still in early adoption phase, so it's hard to make a prediction about where its price is headed. It might be fun, and it might even make you some cash, but it's way too risky to do more than that. Of course, this is an incredibly speculative coin to own. With the attempt to tie in NFTs, build a community, and use the coin for good, there might be some traction here. In short, the token was created with a similar joke in mind, but unlike Doge, this is a "joke" coin the creators hope to make profitable. In fact, it appears to fully embrace the "meme coin" moniker. Of course, with Dogecoin created as a joke about the rise of altcoins, Shib coin's hype as the Dogecoin killer and lighthearted naming conventions makes you think it might be a joke too. The idea here is that you can buy a lot more Shib coin than Dogecoin, meaning it will remain affordable for investors. They also claim their Shib token can trade for less than a penny and still outpace the growth of Dogecoin. The creators are also encouraging donations to Shiba Inu rescues. What distinguishes the Shiba Inu coin from Dogecoin is SHIB leans into the new NFT boom by encouraging artists to create work around the Shiba Inu and sell it as NFTs. They're even calling their whitepaper a "woofpaper." They also highlight Leash, originally meant to be pegged to Dogecoin, and Bone, the next token expected to be traded on ShibaSwap.Īs you can tell, the creators of SHIB are all in on the dog theme. The creators' first token is the Shiba coin we've been talking about, which can be traded on their ShibaSwap exchange, which is set to launch soon.
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The Shiba token bills itself an ecosystem of decentralized meme tokens. With cryptocurrency prices falling, crypto investors might be looking for some new buying opportunities. Vitalik Buterin donated $1 billion worth of SHIB to fight COVID-19 in India last week. Considering Dogecoin has also rocketed over 900% higher between April and May, cryptocurrency investors are taking a close look at SHIB as a potential buy.īut after the creator of Ethereum got involved last week, the coin took a dip even as it got even more global attention. That helped send SHIB prices soaring from near $0.0000245 per coin on May 7 to a peak near $0.000357 on May 11. SHIB coin takes it one step farther, making the whole coin's aesthetic revolve around the Shiba Inu.Ĭreated in August 2020, the coin is almost certainly meant to ride the coattails of Dogecoin's renewed popularity. Your donations will allow me to grow the channel with better resources and give me more time to do what I love the most.YouTube and Stocks.Dogecoin's mascot is a Shiba Inu dog from a popular Internet meme. Let's take this channel to the next level where we can make even bigger meaningful differences to those we reach. If you want to support an independent channel who loves investing and all things financial, that's us. If you want to support someone who has dedicated years to making people's lives better, I would greatly appreciate you supporting me. The Oscar Ramos YouTube Channel is dedicated to helping investors maximize their profits and creating financial literacy for all. I want to help people reach the financial freedom that we all strive to get to. This channel is my chance to give a set of ears to those that may not have a financial person to talk to in times of need. My goal is to educate you one video at a time.
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