If you are thinking of how to buy Shiba Inu (SHI), this article is meant for you. Cryptocurrencies are often divisive, but Shiba Inu is unique. Critics call it a pump-and-dump program and say it's practically useless.Shiba Inu is a cryptocurrency or digital currency that can only be obtained online. Its price has soared many times over in 2021, but it still trades at just 1 cent. 2022 has been a rough year for Shiba Inu, with prices plummeting, but it remains one of the world's most popular cryptocurrencies, according to CoinMarketCap.
What is Shiba Inu (SHI)?
Shiba Inu was created in August 2020 by a founder named Ryoshi, whose nickname comes from the cute dog of the same name. Not to be confused with the similar canine-themed Dogecoin, which is of the same breed as its mascot. You can also know Shiba Inu as Dogecoin Killer.
While Shiba Inu was originally conceived as an alternative to Dogecoin, it has one key difference. Shiba Inu is based on the Ethereum blockchain, smart contracts can be run by Shiba Inu. Not only smart contracts but also Shiba Inu can work with distributed applications. Dogecoin does not have this capability, so its functionality is greatly limited.
So you might wonder how to buy a Shiba Inu coin and if is it worth buying. Let's find out!
How to buy Shiba Inu?
If you want to invest in Shiba Inu, you can buy it on several cryptocurrency exchanges. "How to buy Shiba Inu" is a trending question on the internet which is also known as the “Dogecoin Killer”. Shiba's social media hype has skyrocketed after the world's largest cryptocurrency exchange, Binance, legalized Shiba Inu by adding it to its list of supported tokens on May 10.
Here is the list of cryptocurrency exchanges to buy Shiba Inu.
- Atomic Wallet
- Binance
- Crypto
- Coinbase
- and KuCoin
Conclusion
I hope you may understand now how to buy Shiba Inu (SHI) and what is Shiba Inu. Not financial advice but if you are willing to buy Shiba Inu, make sure you check the CoinMarketCap before buying it. Meme coins and meme stocks can sometimes reach their highest point but their success is temporary. Most likely scenario? Shiba Inu's best days are over.
