The cryptocurrency market is like a golden chicken, everyone wants to eat its golden egg without any wait. Shib coins can fulfill this desire within no time. The community who have made investments in shib at the early stage, now they are enjoying million and billion dollar sharing in the crypto economy. Shiba price dramatically changes in 2021 due to 43 million more views than bitcoin. The Reddit and Twitter social platforms have made contributions to boom the shib coin in 2021.
Shiba Inu refers to the Japanese dog breed, extracted mascot. This cryptocurrency is basically created as a meme of bitcoin. This cryptocurrency is also based on the blockchain system without centralization. The shib has launched the 1 trillion coin in the online market for buying and selling. In view of that, this quantity is very low as compared to the bitcoin.
Shib coin is an Ethereum-based coin that uses the already established blockchain system of Ethereum. The shib coin does not have its own blockchain system. The supply of the shib cryptocurrency is limited in the market which makes him a valuable asset irrespective of the other cryptocurrencies. This also implies that the profit margin on trading shib coins is also valuable.
There is no fixed time for the exponential growth of cryptocurrency. The characteristics of any cryptocurrency make him popular among others. The shib coin has a fast transaction speed which makes him ideal and popular for online payment. The growth of shib coins in terms of popularity and capturing capitalization market make the exchanges compelled to list the shib coins for trading. Shib coin has low so that’s why it is easy for the little investor to invest in that coin. Shib coin is the best way to start a career for fresher by investing in it. They are also known as dogecoin killers.
Table of Contents
Shib is token
The shib is a token, not a coin. There is a huge difference between the coin and token. Furthermore, a large community of newcomers, do not know the difference between the token and coin. The currencies which have their own blockchain system are called coins. Despite that, the currencies which use the already established blockchain system of any other cryptocurrency is called token. Shib is an Ethereum-based meme token currency. Although shib is a token currency irrespective of that is nipping at the back of bitcoins and dogecoin.
Shib ecosystem
Shib itself is not a single product in the online crypto market. It has a proper ecosystem. In this ecosystem Shib, leash, and bone are present but shib attained a prominent place in that ecosystem. The friendly ecosystem of trading of shib makes it a famous, shib swap facility to exchange or buy the product like nft through online. The big advantage of this cryptocurrency is also supported the other ecosystem for buying and selling purposes. It synchronizes easily with the other crypto ecosystems.
Elon musk support driven
The reason for evolving these currencies in a speedy time is that it is supported by Elon musk’s tesla owner and many other social influencers on Reddit and Twitter. Social media play a significant role in support of this currency.
Volatile cryptocurrency
Cryptocurrency is volatile and risky irrespective of paper currency. While token currency is much riskier and faces additional challenges due to dependent blockchain infrastructure. They also have one drawback the exchanges take precautionary steps before listing such types of token currencies. Despite that, shib token currency marked its position in the top 10 cryptocurrencies.
Rumors
There are rumors that the owner of Shib cryptocurrency ryoshi, sent 50 percent to the co-founder of Ethereum, vitalik buterin. Nobody knows why this is happening. Either he wants to save the safe margin for the crypto market at the time of a slump or anyother reason.
In view of the above discussion, kucoin Crypto Exchange helps you a lot to buy and sell the shib coin without worry. Kucoin supports the Shiba price and makes profits from the price fluctuations. Shib is listed in the kucoin crypto exchange to attract new customers as well as open a new era of the crypto world for them.
Shib coin also known as shib token is an Ethereum-based cryptocurrency. It comes under the meme category but this meme currency converts itself into a billion-dollar cryptocurrency. Its growth is exponentially within a short period of time. The balance Shiba price gives the opportunity to the new people to invest and secure their future.
