Published Jun 17, 2021
2 mins read
428 words
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Economics
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Why Shiba Inu Is Booming?

Published Jun 17, 2021
2 mins read
428 words

Shiba inu a highly speculated crypto currency right now. 

Lot of us having hearing about this currency of late.. It is a community based token. Which started of as a competitor to doge coin. As the creator of this token denotes it as a doge killer. You can even call it as a fun coin, meme coin. Understanding why this token is so much given so much of hype! 

It is just not yet another coin. But it is also coming up with it own decentralized platform known as shibaswap. Following by which the crypto company will also launch a non fungus trading platform, an NFT for trading art for artists. 

You can also hodl few of the coins through many platforms such as exchanges listed in shibainu.com 

What is more interested is that, this token has been discussed, traded, and is part of the news among top 50 currencies. And is in the position of number 3 among top 50.

There are drawbacks with this coin as well as the market has circulation up to 400 trillion coins.  Which is not a suggestive idea for trading. But the Shiba army believes it to be top on in no time once Shibaswap is launched. 

It is a system where you can hold, liquidate or exchange tokens with other Shiba products like Shiba bone which is also yet to be launched.

Nobody as of now is able to draw any conclusion on how this token will perform.

But Shiba holders believe they have long way to go around. The whole community is United throughout the globe. Running campaign to list their token into multiple exchanges. Their next target is Robinhood. Coming to the story of Robinhood nobody where interested in investing money in it. Today it is one of the biggest exchanges which people highly speak of.

As there is a famous saying “ Initially people will laugh at you, but once you achieve people would want to be around you”.

There are several copycat are around who would want to take a bite of what doge coin and Shiba inu have. So Be aware of fraudsters around. Spread news only what you have full understand of. Or your just draining out your knowledge and there is no accumulation of wisdom.

Just like other cryptos uniswap and doge coin also got its hype once they began with decentralized platform. Now it is time for Shiba inu is what Shiba inu army is excited about.

Will it be a blockbuster or flop only time and the market has to decide.

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1
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