Shiba Inu is an Ethereum based token created by an anonymous person known as Ryoshi. This makes it compatible with any Ethereum wallets and blockchains. The token gets its name from a Japanese dog breed that is popular and great for hunting.
Shiba Inu was mainly created to test what would happen if a crypto project was 100% run by its community. The project proved to be successful as Shiba Inu's price increased and grew. It currently has over 500,000 members.
However, in February 2022, there was a steep decline in Shiba Inu’s price. Nevertheless, the token is still one of the best out there.
Shiba Inu and Dogecoin
Dogecoin is an interesting cryptocurrency that’s based on Litecoin. It was created by Billy Markus and Jackson Palmer to act as a sarcastic form of payment. The Dogecoin symbol features the Shiba Inu dog breed as well. That’s why the code is DOGE, similar to the word dog.
Shiba Inu and Dogecoin are great competitors. The SHIB community, otherwise known as SHIBArmy, termed the Shiba Inu token the Dogecoin killer. They also have an undying love of Shiba Inu dogs. Overall, Shiba Inu serves as an alternative to Dogecoin though the two are pretty similar.
Where and How to Buy Shiba Inu Tokens
Shiba Inu tokens are readily available on most trading platforms. You can find them on Binance, Crypto.com, Coinbase, Voyager, etc.
One of the easiest ways to buy and sell Shiba Inu tokens is through the coin base app. Below is a detailed guide on how to trade with Shiba Inu tokens using Coinbase?
How to Buy
Step 1: Create a Coinbase Account
Of course, you can’t sell without a Coinbase account. Create an account by signing up; verify your ID and address.
Step 2: Choose a Payment Method
Nowadays, there are several payment methods. Please select the one you deem fit; it can be a bank account, debit card, or even wire.
Step 3: Pick Shiba Inu from the Listed Assets
Select the ‘Buy’ option and check out Shiba Inu.
Step 4: Select Your Purchasing Amount
Enter the amount you wish to spend on the tokens.
Step 5: Preview
After you are done, click on 'Preview buy' to ensure all the details are okay. Then click on confirm the purchase to proceed.
How to Sell
Step 1: Press the sell option
Step 2: Choose the asset you wish to sell
Step 3: Preview then confirm to sell
The Shiba Inu Metaverse
Shiba Inu has plans to come up with its metaverse known as SHIB. A metaverse is like a virtual world with imitations of the real world. There are galleries, parks, houses, people in the form of avatars, etc.
The main purpose of SHIB metaverse is to create a strong community. The metaverse will feature 100,595 plots of land. Some of the lands will be available for sale, while others will be reserved for the construction of roads.
Thirty-six thousand four hundred thirty-one lands will exhibit four districts, Growth District, Defense District, Technology District, and Currencies District. The native token used in the land will be $SHIB, $LEASH, and $BONE tokens.
Shiba Inu has greatly transformed the crypto market. This meme coin is genuinely sarcastic and exciting in every way.