TOP 10 REASONS TO BECOME A BIG TIME SHIBA INU FAN IN 2022
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TOP 10 REASONS TO BECOME A BIG-TIME SHIBA INU FAN IN 2022
With the debut of the Metaverse and the renewal of the Shibarium, Shiba Inu was able to reach new heights in the coming days
It is impossible to ignore or ignore the $ 2 trillion economies. However, the decentralized ecosystem fell for a while, knocking down digital token prices. While the entire market is bleak, Shiba Inu shines a bright light on cryptocurrency investors. SHIB is more of a meme coin, also called a 'Dogecoin killer', because it has the potential to beat the first meme token. After peaking in October last year, the price of Shiba Inu fell by 70%. However, compared to other digital tokens, SHIB retains a modest value today. With the debut of the metaverse and the restoration of Shibarium on the right track, cryptocurrency investors believe Shiba Inu will reach new heights in the coming days. In this article, Analytics Insight outlines 10 reasons why you should be a big Shiba Inu fan by 2022.
The influence of celebrities and enthusiasts on cryptocurrencies is enormous. So far, it has caused a lot of moods on social networks around the world. Shiba Inu is different from the others and has the support of Tesla CEO Elon Muska. Although Musk admits he doesn't have SHIB, people don't like his tweets 'Floki Frankpuppy'. Every time Musk publishes a tweet related to Shiba Inu's dog, Shiba's army goes crazy and pushes the SHIB prize even crazier.
Usually, the price of cryptocurrencies is determined by supply and demand. With the advent of Shiba Inu, there are more than enough chips to meet growing demand. The total token circulation of 549 trillion represents a significant cryptocurrency bomb.
While cryptocurrencies like Bitcoin and Ethereum cost $ 40,000 and $ 3,000 each, buying a token can be a big challenge for the average person. As a simple investor, you can only buy a small fraction of tokens. On the other hand, even for a dollar, you can buy an impressive number of Shiba Inu tokens.
ERC-20 provides an advantage over dogecoin
Many people think that SHIB is driving a wave of dogecoin growth. However, DOGE first gave Shiba Inu a spike, but the meme coin found its own way out. SHIB has a unique feature called ERC-20, which runs on the Ethereum blockchain. As ETH is a leader in decentralized financing, SHIB will be part of all major DeFi projects.
Satoshi Nakamoto's anonymity has not been resolved. However, according to some experts, the unknown founder is a key factor in Bitcoin's growth. Similarly, SHIB was also anonymized under the pseudonym 'Ryoshi'. There is no clear evidence or trace of the founder of SHIb, which caused tensions over the cryptocurrency.
Many cryptocurrencies on the market became popular only after they received hype from investors. Hype eventually turned into Fear of Missing Out (FOMO), which totally annoyed people's tokens. Similarly, when SHIB sees impressive growth, investors go to FOMO and buy more tokens just to reach new highs for the Shiba Inu price.
Shibarium could be a big improvement
Although Shiba Inu already has a good ecosystem, the future of this Shibarium is expected to add even more ecosystem benefits. Shibarium is a Layer 2 solution that extends the functions of SHIB. The extended ecosystem has many tokens and great blockchain technology.
Its potential became apparent in the first days
In the highly regarded world of cryptocurrencies, there are more than 13,000 tokens in circulation. At least 50-100 tokens are run every day. However, not all are perceived by enthusiasts as a good investment. Other altcoins such as Ethereum benefit from providing additional bitcoin technology, while stablecoins such as Tether are revered for their robustness. Surprisingly, SHIB appears differently. Shiba Inu, like dogecoin, has become a popular memecoin that has proven its potential in the early days of its launch.
Shiba Inu followers recently took an online step by signing a petition asking Robinhood to register with their SHIB. The movement became extremely popular and pushed the price of Shiba Inu high. Although added to Robinhood, many other cryptocurrency exchanges will lead and add SHIB to their trading book.
According to Shiba Inu's website, a meme coin is a "dogecoin killer." Although SHIB only took part in the cryptocurrency train, which stood out as a competitor of DOGE, during the October price increase it turned out to be real. SHIB overcame Dogecoin for a while and in a moment got into the top 10 cryptocurrencies.
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Comments (1)
This topic is very interesting. I follow the topic of shibarium myself. I also read this post recently: https://gamerseo.com/blog/what-is-shibarium-and-why-does-it-matter/ There is also an interesting description of this guess. I recommend reading.