While Bitcoin (BTC 2.55%) continues to receive the lion’s share of the attention in the financial media, in-the-know cryptocurrency fanatics also monitor so-called meme coins like Shiba Inu (SHIB 1.67%). The past couple of months have shown how low-priced tokens like Shiba Inu can make leveraged moves when Bitcoin rallies. The investment information provided in this table is for informational and general educational purposes only and should not be construed as investment or financial advice.
- All of this makes it very difficult for Shiba Inu to regain its traction with meme coin investors.
- Does it really matter which financial firm gets the approval first, though?
- That backing by assets and cash flow is something that differentiates a traditional investment from a cryptocurrency.
- Quite honestly, it’s even hard to see Shiba Inu reaching the $0.01 mark anytime soon.
Most evident is its lack of crucial fundamentals that more prominent counterparts boast. In January 2023, the Shiba Inu community leadership introduced Shibarium, a layer two blockchain designed https://coinbreakingnews.info/cryptocurrency-trading/forex-white-label-solution/ to run on top of Ethereum. It is supposed to reduce congestion, introduce staking into its ecosystem, lower gas fees, and provide a framework for decentralized applications and Web 3 expansion.
It’s best not to get sucked into the hype and the allure of financial speculation. Moreover, both Bitcoin and Ethereum, as well as some of the largest tech stocks, have had wonderful runs this year. For example, there’s Floki for fans of Elon Musk’s pet Shiba Inu named Floki. And there’s DogeElon Mars for fans of Shiba Inu dogs going to Mars with Elon Musk.
How to Buy SHIB?
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. SHIB is an Ethereum-based alternative to Dogecoin (DOGE), the popular and original canine-themed meme coin. Since Shiba Inu hasn’t benefited from any liquidity surplus, it might be safe to say this dog has seen its last day. For investors looking to build up their crypto portfolios, it is best to stick with more proven assets with solid fundamentals and true long-term potential.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Half Shiba Inu is an ERC-20 meme coin based on Shiba Inu (SHIB). The project places a large emphasis on its community and willingness to achieve decentralization.
Shiba Inu has risen substantially during its brief existence, before plunging almost as fast. Rather than looking at the price gains and falling into fear of missing out, it’s vital to understand what you’re buying and why it may or may not rise in value. In the case of most cryptocurrencies, they’re not backed by the assets or cash flow of an underlying business. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate.
What is Half Shiba Inu smart contract address?
These dogs often exhibit the Shiba Inu’s fox-like face, upright ears, and curly tail, while also inheriting traits from their other parent breed. Their coat can have https://currency-trading.org/cryptocurrencies/blockchain-empowered-digital-currencies/ various colors and lengths, depending on the other breed involved. Hardware wallets are physical devices that store the private codes needed to send crypto.
Token burn: A viable strategy?
Half SHIB also has an incredibly low supply of 1 million tokens which gives it the ability to absolutely sky rocket. It’s been speculated to possibly have greater utility once shibarium is launched. Whether or not SHIB is a good investment depends on your investing goals, risk tolerance, strategy, personal preferences, and outlook. While the coin’s price may eventually reach the moon – the odds against it are astronomically high.
Best Software Wallet: MetaMask
Investing in cryptocurrencies is risky enough because of their massive volatility and lack of regulation. Investing in the altcoin/meme coin space presents an additional challenge because of a lack of differentiation and the fact that most of their value is based on trading by their followers. Here are some investing considerations for a potential investor in Shiba Inu. But they certainly seem to be a world away from staid investment terms such as return on investment and liquidity. On the other hand, with cryptocurrency such as Shiba Inu, your investment is not backed by any asset or cash flow at all.
Its low price and high token count make it difficult to understand its value and use it for everyday purchases. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. While both fall into the meme coin category, Dogecoin and Shiba Inu have one fundamental difference.
half shiba inu
Notably, Bone ShibaSwap BONE/USD, the native token of the Shibarium protocol, was listed by Indodax, the top crypto trading platform in Indonesia. The BONE token has no trading pair and interested buyers can acquire https://topbitcoinnews.org/mvc-framework-tutorial-for-beginners-what-is/ the token directly from the marketplace. The SHIBA INU price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.
