Is the Shiba Inu (SHIB) crypto a good investment (or not)?  Opinion, analysis and prediction

Is the Shiba Inu (SHIB) crypto a good investment (or not)? Opinion, analysis and prediction

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

Creation of the SHIB crypto

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

Shiba Inu Project Reviews

The Shiba Inu can go far by integrating DeFi. The project would therefore combine business with pleasure; or rather the useful as a joke!

Price Volatility Notice

The price of SHIB is still very volatile compared to Dogecoin.

Medium Term SHIB Price Prediction

Shiba Inu has come down to attractive prices and has more rebound ability than Dogecoin.

Long Term SHIB Price Prediction

The Shiba Inu lacks big business or celebrity adoption for the cryptocurrency to once again perform stellarly.

Conclusion – should you invest in Shiba Inu crypto?

There’s more to the Shiba Inu than just the meme and that’s a good thing. His prominent projects make cryptocurrency remain promising.

Useful resources for investing in the Shiba Inu (SHIBA)

The information provided on this website should not be considered as investment advice, financial advice, advice on trading or any other kind of advice and nothing on the website should be relied upon as such. Mirror Mag does not recommend that you buy, sell or hold cryptocurrencies.

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