The year 2021 has seen the rise of memecoins like Dogecoin and Shiba Inu. The latter was launched to challenge the Dogecoin. The capitalization of SHIB is growing more and more and could exceed that of DOGE in the coming months.
Shiba Inu (SHIBA) course: what is the current price?
Here is the live course of the Shiba Inu. See also: Crypto Decentraland (MANA): should you buy MANA? Opinion, analysis and prediction 2022.
Everything you need to know about the Shiba Inu
Ryoshi is the name given to the creator of the Shiba Inu, but nothing more is known about the mysterious founder of the cryptocurrency. On the same subject : Ripple (XRP) Opinion: Should you buy XRP at the current price?. Like Satoshi Nakamoto, the creator of Bitcoin, he does not reveal his identity.
SHIB was launched as a decentralized meme token in August 2020. After its inception, Ryoshi ceded half of all SHIB to Vitalik Buterin, the co-founder of Ethereum. Buterin then destroyed 90% of his SHIBs and donated some to charity. There is speculation that Ryoshi and Buterin are one!
How does the Shiba Inu work?
SHIBA is an ERC-20 token based on Ethereum. Shiba Inu can therefore use smart contracts to launch decentralized financial products since it operates on the Ethereum network. See also: Crypto Filecoin (FIL): Should You Buy FIL? Opinion, analysis and prediction 2022. The project has also launched a decentralized exchange platform (DEX) – the ShibaSwap.
The Shiba Inu intends to go further than the Dogecoin by embarking on DeFi. The project also plans to launch NFTs.
Crypto SHIB: our opinion and prediction for 2022
The Shiba Inu can go far by integrating DeFi. The project would therefore combine business with pleasure; or rather the useful as a joke!
The price of SHIB is still very volatile compared to Dogecoin.
Shiba Inu has come down to attractive prices and has more rebound ability than Dogecoin.
The Shiba Inu lacks big business or celebrity adoption for the cryptocurrency to once again perform stellarly.
There’s more to the Shiba Inu than just the meme and that’s a good thing. His prominent projects make cryptocurrency remain promising.
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