The exact number of electronic coins and tokens today cannot be calculated, projects based on the digital currencies already known to us are constantly being updated and improved, and completely new independent crypto coins are being created.

Today we bring to your attention an overview of the new ERC-20 token of the standard - Shiba Inu, which was launched on the basis of the Ethereum blockchain.

SHIBA cryptocurrency review
SHIBA cryptocurrency review

Shiba Inu - what is it? History of creation 

Shiba Inu is a meme-based currency named after the dog breed. On the site, which launched in mid-2020, the coins themselves are referred to as “decentralized meme tokens”. The developers of Shiba Inu named the project "Meme Coin", because they consider this coin an alternative to the already well-known Dogecoin - Elon Musk's favorite crypto-coin, which has gained immense popularity on the network.

The creators of the Shiba Inu crypto coin took as a basis the Doge project symbol - a dog of the Shiba Inu breed and released their own version of the meme crypt. Hence the unspoken name of the token - "Dogecoin Killer", whose task is to overtake Doge in market capitalization.

The creator of this token hides his real name under the nickname Ryoshi. Ryoshi's main goal was to move away from the mindset of users and rigid state social structures. According to Ryoshi, Ethereum allows for the creation of free, decentralized communities.

The founder of the cryptocurrency created an official document, the passport of the coin called "Woof paper", which consisted of 28 pages. It states that Shib is an experiment to spontaneously create a decentralized community. The idea is to launch a project that is 100% controlled by its community.

The creators of Shiba Inu call their society Shib Army. According to their estimates, this "army" already includes more than half a million people. In the whitepaper, they explicitly state that they were inspired by the example of WallStreetBets - a Reddit community that acts as a counterbalance to various hedge funds and pumps the prices of shares of companies, including GameStop, that are on the verge of bankruptcy.

Shiba Inu is a  coin (SHIB) meme-based cryptocurrency named after a dog breed
Shiba Inu is a coin (SHIB) meme-based cryptocurrency named after a dog breed

Component Coins

Shiba Inu consists of three tokens:

  • Shiba Inu is the main currency of this system. Its supply is 1 quadrillion tokens
  • Leash is the second currency with 107,646 tokens in stock
  • Bone is the last currency in this ecosystem, with a supply of 250 million tokens

50% of the crypto coin was sent to the Uniswap exchange, and the rest of the tokens were transferred to Vitalik Buterin, the creator of Ethereum, for holding.

The creators of the Shib token were among the first people to publicly decide to abandon the practice of owning their own currency.

In their opinion, such retention of coins on Vitalik's account was supposed to guarantee the stable growth of the project, but despite the team's expectations, in May 2021, Buterin donated part of the money to a donation to fight coronavirus in India, to the Covid-Crypto Relief Fund. Against the background of such a decision, the shiba cryptocurrency rate fell sharply, but even this phenomenon did not frighten off thousands of cryptomaniacs who continue to trade this coin.

SHIB is a prospective asset, whose price is growing
SHIB is a prospective asset, whose price is growing

Shiboshis NFT Tokens 

Due to the tremendous success, SHIBA decided to develop its own NFT-tokens on the trading platform, where absolutely all users can take advantage of various options for digital collectible assets. NFT Shiboshis tokens are presented in the form of attractive cartoon puppies that are not alike. For example, there is a SHIB puppy with gum, a bone, or even a full-fledged pirate image.

What affects the price of Shiba Inu? 

Experts, first of all, associate the growth of meme coins with their community, and it doesn't matter if we are talking about DOGE, SHIB or other comic tokens. Celebrities also play an important role here. In particular, in 2021, the SHIB course changed several times due to Elon Musk, who several times posted on Twitter images of his Shiba Inu puppy.

However, on October 24, Musk clarified that he does not own SHIB tokens, and his crypto portfolio consists only of BTC, ETH and DOGE.

Vitalik Buterin and the news hype, which has risen due to his decision to donate tens of trillions of SHIB to charity, played a role in popularizing the coin.

According to Google Trends, year-end 2021, SHIB clearly outperforms Dodgecoin in terms of search queries. In October, against the backdrop of the new ATH, the asset was even more talked about on the network than Bitcoin.

IS  Shiba Inu a good  investment?
IS Shiba Inu a good investment?

What are the advantages of Shiba Inu 

  • NFT support
  • Based on a reliable blockchain - Ethereum, which ensures the security and reliability of the token
  • Working with solid platforms
  • The project is run by the community, which gives it a lot of support
  • A well-coordinated development team whose goal is to create the world's best decentralized ecosystem
  • Rapidly growing capitalization

Where to Buy Shiba?

The coin is sold and bought on such world famous exchanges as: 

1. Binance (which is the most active exchange for trading this coin)

2. Okex

3. Huobi

4. Kucoin

5. Coinbase

6. and others

The second way to buy Shiba Inu is through a convenient marketplace. This simple, intuitive platform will help you easily understand investing and make your successful trades! You can buy Shiba in Qatar and trade the coin 24/7! The market is characterized by high volatility and significant price fluctuations. Therefore, CFDs on digital currencies will be a good option.

How to invest in Shiba?
How to invest in Shiba?

How to start investing in Shiba Inu in Qatar? 

Thanks to Elon Musk, Vitaly Buterin and several significant events related to the world of digital currencies, the popularity of the token has increased dramatically in 2021. Therefore, many investors are thinking about how to start investing in Shiba Inu in Qatar, and what financial instruments to use to purchase. Let's take a closer look at this process.

How to Invest in Shiba in Qatar?

If a trader decides to buy SHIB and invest in it, he will not have to spend a lot of time looking for a place where this can be done.

  • Modern trading platforms allow you to trade using 2: 1 leverage. Having started trading with $ 100, it is possible to open a position of $ 200.
  • You also have precise control over losses and profits, and easy placement of stops and limits. As soon as the coin reaches a certain price, positions are closed automatically.
  • Another interesting feature of the platform is free access to educational resources. An excellent solution for those who are just starting to trade or do not know where to invest their money. This makes it not only convenient, but also a safe option for trading online.
Shiba Inu (SHIB)  is one of most popular digital assets
Shiba Inu (SHIB) is one of most popular digital assets

How to invest? 

Contracts for Difference (CFDs) are traded through a broker. When you have chosen an online broker and are ready to buy Shiba, you can register and then make your first deposit.

  • First, a trader needs to take care of creating an account. Account creation is extremely simple, it only takes a few minutes. Even novice investors will be able to understand all the intricacies without special knowledge. You need to enter your email address and password and register.
  • After registration, you can open a demo account or a real trading account.
  • Next, fund your trading account for investing in Shiba Inu. It's very simple! For this, the investment platform provides you with various payment methods. Here you can take advantage of options such as replenishment with a bank payment card, as well as using popular online payment systems.
  • When withdrawing funds, you can use the same methods as when replenishing a deposit.

Should traders invest in Shiba Inu in Qatar? 

Despite its young age, Shiba Inu has been at the peak of the hype for almost two years now and has not slowed down its capitalization, which has increased to about $ 4.9 billion. And in about half a year, the coin's price has grown even more. Such a sharp rise in cryptocurrency is attracting an increasing number of new users to carry out transactions of various kinds.

The ecosystem of the token has improved in recent months. Also, the creators have developed several ways to generate income through liquidity or rates for those who have tokens in their arsenal.

Nevertheless, the developers keep secret their global plans for the further development of the project, which in turn is a significant disadvantage in a period of high competition and great user confidence in those projects in which they are confident. In addition, cryptocurrencies largely depend on the opinions of major currency owners and influencers, which has already been proven by several tweets by Elon Musk about DOGE. It is possible that another such tweet could completely "kill" Shiba Inu coin. Despite this, Shiba Inu coin is the top coin in the world in terms of market capitalization, which is attracting the attention of more and more investors.

You can buy Shiba Inu easily
You can buy Shiba Inu easily

How to Buy Shiba Inu in Qatar right now? 

SHIBA presents one of those coins that have been "heard" over the past few months. Some investors have already managed to make capital and earn decent money by buying it at the right time. Coins are constantly getting more expensive, therefore they are considered very promising for investors. Today you can successfully invest in Shiba Inu and make a profit! To do this, you will not need to spend a lot of time studying all trading tools and strategies. The trading platform with its very convenient assistant - a demo account will help you with this. You should try it!

We wish you successful and profitable deals!

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