10 Reasons To Buy Shiba Inu Coin

SHIB gained tremendously as its rival Dogecoin was trending last week. You are probably aware of the publicity that surrounded DOGE over the weekend. Shiba Inu has new highs, rising by about 2100% in three days. The total value of the coins rose from $35 million to about $13 billion. That is a higher surge than any of Dogecoin in 2021.

What do SHIB and DOGE have in common?

Both are meme-based virtual assets. However, the two tokens have exceeded the expectations of many with new highs that might attract your attention. For now, every trader and investor in the cryptocurrency market wants to try his luck with these products. Here are some of the reasons to buy Shiba Inu coins:

You Can Purchase Billions of the Virtual Coins

Currently, SHIB’s value is around $0.00003398. With this, you can make a purchase of about 29, 429, 075 Shiba Inu coins with your $1,000. On the other hand, this is not achievable with Bitcoin. You can only get a fraction with your $1000.

Promising Price Future

It is safe to say that SHIB has a promising future. Do not forget that it gained 2100% in three days, with the market cap rising to about $13 billion. That indicates that the asset has the potential to get you proceeds. However, you need to keep in mind how volatile digital coins are. Prices may switch to a downward trend within minutes.

Perfect for the Long-term Forecast

As a crypto investor who desires peace, you can use the long-term speculation strategy in the case of SHIB investment. You can buy more tokens with a lower SHIB value, making the digital coin perfect if you are a HODL fan.

Affordability

Shiba is currently trading at around two 100,000 of a penny. This implies that putting 50 or 100 into it buys you a stack of tokens. It is immensely cheap. This is a positive thing because it brings more people in, more retails investors who can invest with any amount they can part with, without having a heart attack.

Strong Visionary Plans

Although it seems the team is obscure, but with the release of their whitepaper, the vision is certainly for the future. They have a solid plan to build their cash pool and created a LEASH token that blew up after launch. They also offer a BONE token with the exchange. Everything is explained in the white paper. It does not seem like a child’s play, and it is nothing compared to other meme tokens. I see a strong visionary with a plan.

Speedy Returns

With the way people are showing interest in the Shiba Inu coins, there is a probability that it will reach 1 cent by the end of the year 2021. The price of the coins is also increasing continuously, which means the earlier it reaches 1 cent, the faster it reaches a target of 10 cents. Also, if it continues this way, there is a possibility of the coins reaching a threshold of $1 before the end of the year 2025.

A Large Community

Shiba Inu team has been able to build a huge community over the months, very similar to that of Dogecoin. Though it does not have the support of many celebrities yet, like Dogecoin, it has the most natural and organic community. It mainly consists of people who are strong and passionate. This is a plus for investment, as a huge community will help in raising all the brand awareness that it needs to attract bigger investors.

The Hype

One of the main driving forces behind a lot of investments nowadays is the hype. People now talk about the SHIBA coins and it’s helping in their growth. The more the hype, the more people invest. The more the investor, the lower the probability of the coins crashing.

Similar Experience

Let’s face it, we have seen this before with Bitcoin, and the most recent is that of Dogecoin. In the past few months, there has been a sudden surge in its price. There is no doubt the SHIBA coins wouldn’t be an exception to this. Past experiences sure teach us to take risks so we don’t miss out on good things.

No Fees Required

With SHIBA, you can create an account with crypto.com to purchase without any fee. All you need to do is create an account, verify your information and invest.

In conclusion, the SHIBA coin is worth investing in. However, while investing, please bear in mind that cryptocurrencies are volatile. Do not invest with the money you cannot afford to lose.