What is Shiba Inu Coin?

Shiba Inu is a meme coin that was established in 2021 as cryptocurrencies were surging. The token was created after being inspired by the success of Dogecoin, the biggest meme coin in the world. Investors bought Shiba Inu at the time because it positioned itself as the best alternative to Dogecoin. At its peak, Shiba Inu was the most popular cryptocurrency on social media.

Who is Shiba Inu founder Ryoshi?

Like many other blockchain projects, Shiba Inuâs founder is not known. The only known thing is that he is known as Ryoshi. Like Satoshi Nakamoto, Ryoshi disappeared from the public and deleted his social media presence in 2021. It is not clear why he did that. Still, unlike Bitcoin, Shiba Inu has an active Twitter page. Some analysts believe that Ryoshi is usually one of the people who manage it. Nothing else is known about Ryoshi. Details like his real name and location are not known.

Is Shiba Inu A Good Investment?

We believe that Shiba Inu and other meme tokens are not good investments. For one, the token does not create any value or solve a real problem. In fact, people who invested in Shiba Inu have seen their cash evaporate by over 90%. Instead, we believe that SHIB is good only as a trading asset where you buy and sell it within a few minutes or days.

Will Shiba Inu price go up?

A common question is whether the SHIB price will go up. The honest answer is that this will depend on the performance of cryptocurrencies and tech stocks. A pivot by the Federal Reserve will likely lead to a strong recovery of the coin. If this happens, then we will see the coin rise. Another possible catalyst for SHIB price will be the upcoming Shibarium launch.

It is relatively easy to buy Shiba Inu. You should simply create an account with one of the leading exchanges like Coinbase and Binance, deposit your funds, and then buy the token. Another option is to buy Shiba Inu as a Contracts for Difference (CFD). A CFD is a financial derivative that involves betting whether a financial asset will rise or fall. You will then pay the CFD broker the difference. Examples of popular forex and CFD brokers with Shiba Inu are ATFX and eToro.

How to mine Shiba Inu Coin

Shiba Inu is a token on Ethereumâs mainnet. Therefore, it is impossible to mine the token. Anyone who tells you that you can mine Shiba Inu is a liar. If you are interested in mining the coin, we suggest mining other popular coins like Nervos Network, Kadena, and Ravencoin.