What is Shiba Inu Coin?
Shiba Inu coin is a cryptocurrency that has selected Japanese dog from the Shiba Inu breed as their mascot for the coin. Yes, the coin is the exact copy of one of the other cryptocurrencies known as dogecoin. Dogecoin featured the same dog breed as their mascot.
Still, finding it difficult to digest? Let’s understand in detail.
The Dogecoin Meme
If you have been following the crypto world for quite some time, you must have heard about the cryptocurrency known as Dogecoin. This idea of parody cryptocurrency and logo was inspired by the internet’s most viral memes, created back in 2013 as a jest substitute to bitcoin.
The Meta Joke that is Shiba Inu
If you think Dogecoin was considered to be the parody of bitcoin, the Shiba Inu goes even further as it is the exact copy of Dogecoin which makes it a “parody of parody”. Even both of the cryptocurrencies have selected the same dog Japenese breed as their mascot. Shiba Inu coin was launched in August 2020 and since then it has been a roller coaster ride for this cryptocurrency.
Is Shiba Inu a Useable Cryptocurrency?
Pseudo name Ryoshi is an unidentified founder of Shiba Inu, He did not make this coin for fun purposes. He understood that the crypto industry is worth getting into and the creation of Shiba Inu is just an experiment to build a cryptocurrency with the help of a decentralized mechanism.
Where Can I Purchase Shiba Inu coin?
Binance has recently started the listing of Shiba Inu coil for selling purposes which is an enormous deal in more than one way. Binance is a kind of platform which is acting as a home for so many cryptocurrencies and enjoying a great level of consumer trust.
The Future of Shiba Inu coin
Shiba Inu coin has a market cap of over $10 billion. The platform has witnessed a massive gain in value over 3 months. It makes the coin incredibly more valuable since it has been launched. The Shiba Inu future looks bright.