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Read more about: bitcoin ethereum cryptocurrency

Shiba Inu Cryptocurrency: What Should You Know Before Investing In This Coin?

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SHIB, a new cryptocurrency, has already taken over some Dogecoin markets. The cryptocurrency has been dubbed the "DOGE killer" because its logo is a Shiba Inu dog breed. SHIB is a decentralized spontaneous community-building experiment developed within the SHIBA INU ecosystem. Shiba Inu (SHIB), also known as Shiba Token, is a decentralized cryptocurrency created by an anonymous person known as "Ryoshi" in August 2020. The creators intend to release the next coin, Bone Dogecoin Killer, in the near future.

 

Shiba Inu - DOGE- Killer

The "DOGE killer," as it's been dubbed, was modeled after Dogecoin and has a market capitalization of more than $7 billion as of May 2021. With nearly 400 trillion in circulation, the token's price is low-less than two-hundredths of cent-allowing users to "hold billions or even trillions of them."

ShibaSwap, SHIBA INU's decentralized exchange, has listed and incentivized SHIB as the first cryptocurrency token.

Shiba Inu coin prices dropped by around 40% after Vitalik Buterin, a 27-year-old Russian Canadian billionaire, donated 50 trillion Shiba Inu coins to the India Covid Crypto Relief Fund, which is run by Indian crypto entrepreneur Sandeep Nailwal.

How to buy Shiba Inu in India?
 

How to buy Shiba Inu in India?

WazirX is an Indian exchange where you can trade the Shiba Inu coin. Shiba Inu tokens are also listed on other platforms like Uniswap and CoinDCX's web version. Uniswap is an Ethereum-based decentralized exchange (DEX) that allows users to buy and sell cryptocurrencies in exchange for ETH and other Ethereum-based tokens.

Difference between Dogecoin and Dogecoin Killer

As of now, it is based on Ethereum and has little to no underlying use cases or value. Because the token is so new to the market, there isn't much information about it yet. Dogecoin is a cryptocurrency that was created using the same technology as Bitcoin. Ethereum is used to power Shiba Inu tokens. Non-fungible tokens (NFTs) use the Ethereum platform's ERC-721 token standard, while fungible tokens like Shiba Inu use the ERC-20 token standard.

LEASH

The original plan for LEASH was for it to be a rebase token tied to the price of Dogecoin. It has now been set free and will not rebase.

It has the polar opposite appeal to Shiba, with a total circulation of only 100k tokens (which has a much larger supply).

The swap's second token incentivizes those who provide liquidity with special rewards.