SHIBA INU PRICE PREDICTION

SHIBA INU PRICE PREDICTION

Contents hide
1 SHIBA INU PRICE PREDICTION
1.1 WHAT IS SHIBA INU TOKEN ?

WHAT IS SHIBA INU TOKEN ?

Shiba Inu is a decentralized  meme token, Originating in late 2020.
this meme token is a Etherium-based token has grown into a global phenomenon.

shiba inu price prediction

Shiba Inu is mostly considered to be an alternative to Dogecoin shiba often launched as a joke or a shit coin.
it accepted at numerous locations as a form of payment, either directly or via third-party intermediaries.
Shiba Inu was created in August 2020 by an anonymous individual or group called Ryoshi.
Shiba Inu’s price peaked on Oct. 29, 2021, giving it a market capitalization of $41 billion at the time.
Shiba Inu still ranks in the top ten among all meme cryptocurrencies

SHIBA INU PRICE PREDICTION

MAIN FUNCTION OF SHIBA INU

Shiba Inu WORKS on the Ethereum blockchain  utilizing the smart contracts to facilitate transactions and other operations.
The Shiba Inu has own ecosystem as ShibaSwap.
It is based on decentralized exchange where users can swap tokens, provide liquidity, and stake their holdings to receive compensation.
The ecosystem has also a Shibarium, a Layer-2 solution .aimed at enhancing its  efficienciency.which had processed over four million transactions as of November 2023.
 

   History of shiba inu

Shiba Inu was created in August 2020 by an individual or group of individuals under the pseudonym “Ryoshi
Shiba Inu based on Ethereum,ERC-20 token,
It was created on and hosted by the Ethereum blockchain, instead of its own blockchain.
Shiba Inu ecosystem on Ethereum because it was already secure and well-established, and it allowed the project to stay decentralized.7
  According to Ryoshi, mentioned  in the whitepaper that he mark to build the Shiba Inu ecosystem on Ethereum because it was already secure and well-established.

IS Shiba Inu a Good or bad  for Investment?

 

 

2 thoughts on “SHIBA INU PRICE PREDICTION”

Leave a Comment