The US$2 trillion economies is impossible to be overlooked or ignored. However, the decentralized ecosystem is down for a while now, leaving digital tokens’ prices to reach the bottom. While the whole market seems gloomy, Shiba Inu shines a bright light on cryptocurrency investors who have lost their hope. SHIB is a memecoin, also hailed as ‘Dogecoin killer’, for its potential to outperform the foremost meme-token.
With the launch of the metaverse and the Shibarium upgrade on the horizon, cryptocurrency speculators anticipate Shiba Inu will achieve new highs in the coming days. In this post, Fact Drive presents 5 reasons why you should be a Shiba Inu fan.
Elon Musk is the most active supporter.
The impact of celebrities and fans on cryptocurrency is enormous. So far, it has sparked a social media frenzy throughout the world. Shiba Inu stands out from the crowd thanks to Tesla CEO Elon Musk's backing. Despite Musk's admission that he owns no SHIB, folks can't ignore his 'Floki Frankpuppy' tweets. Every time Musk tweets about a Shiba Inu dog, the Shib Army goes crazy, boosting SHIB's price even higher.
Price and supply are at their peak.
In general, the price of cryptocurrencies is governed by supply and demand. When it comes to Shiba Inu tokens, there are more than enough to meet the rising demand. Its total token circulation of 549 trillion is providing the cryptocurrency a significant boost.
Serves as a Penny Token
While cryptocurrencies such as Bitcoin and Ethereum are valued at US$40,000 and US$35,000, respectively, purchasing a single token may be difficult for the average person. As a novice investor, you may only purchase a tiny fraction of the tokens. On the other side, even one dollar may buy a large number of Shiba Inu tokens.
The Mysterious Origins of the Founder
The mystery surrounding Satoshi Nakamoto's identity is already unresolved. However, other analysts believe that the unknown inventor is a crucial cause for Bitcoin's rise. Similarly, SHIB was formed anonymously under the alias 'Ryoshi.' There is no apparent evidence or trace of the SHIb creator, which adds to the cryptocurrency's suspense.
In the Early Days, it Demonstrated Its Potential
There are almost 13,000 tokens in circulation in the renowned cryptocurrency industry. Every day, at least 50-100 tokens are issued. However, not all of them are regarded as worthwhile investments by enthusiasts. Some altcoins, like as Ethereum, benefit by delivering distinct technology from Bitcoin, whereas stablecoins, such as Tether, are admired for their stability.
SHIB, however, distinguishes apart in a unique way. Shiba Inu, like Dogecoin, has become a well-known memecoin that has proven its potential since its inception.
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