Knowledge

what is shiba inu coin (SHIB), price shiba

Do you have a shiba inu? If so, you better be on the lookout for this new coin. The Japanese Shiba Inu Coin is now available and features all of your favorite breeds with vibrant colors. This collectible coin would make the perfect gift for any dog lover!
The Shiba Inu Coin is made from metal alloy and has a weight of 26 grams, which makes it feel like an authentic gold or silver coin. A great way to show off your love for dogs!

Shiba-inu-coin (4)

What are shiba inu coins?

Shiba Inu (SHIB) is a cryptocurrency that was developed by the Shibe team in November 2017. The coin’s goal is to become the world’s first and best decentralized meme-based blockchain network, encouraging users to share content and be rewarded for it. SHIB tokens will power transactions on the platform and reward creators of memes with digital currency at any time.

The Shiba Inu is a breed of dog that originated in Japan. These dogs are confident, proud and brave with an independent streak. They are also loyal to their family but can be aloof with strangers. The Shiba Inu Coin is the first cryptocurrency created for the shiba inu community which will be released on September 7th at 10:00 AM EST at shibacoin.io

The coin was conceptualized by Greg Matthews who has been investing in cryptocurrencies since 2013 and wanted to find a way to combine his passion for both crypto investments and Shibas together into one project. He said he believes the coin will be successful because there are many people out there that enjoy collecting coins as well as owning pets, especially those of the canine variety.

See also  Epson Et-2760 driver, Software downloads

The Shiba Inu Coin will be a scrypt based coin with 5 billion Shibas to be released over 3 days which marks the launch of shibacoin.io on September 7th at 10 AM EST, with each coin being worth .00000001 bitcoin or 1/5 millionth of a single bitcoin. There will also be silver and gold colored Shibas that are available for purchase on the site as well as an extremely limited number of physical “gold plated” coins made exclusively for those who invested in any of the pre-sale packages.

Features of the shiba inu coin SHIBAS

The shiba inu coin SHIBAs are made of copper-nickel with a weight of 9 grams and a diameter of 26.5 mm, which makes it larger than normal ECU coins (20mm). The front pictures the shiba inu dog on an orange background. There is also the word “JAPAN” at the top and “FUJINTO” underneath it. On either side of these Japanese words there are flowers, one is red and the other is orange. At the bottom of the SHIBA INU COIN there are three paw prints or toes with one slightly overlapping another two to indicate they are back paws. The reverse side of the SHIBA INU COINS shows Japan’s new National Treasure of the Kōryū-ji Temple, which was recognized by the government of Japan on December 29, 1949. It also states that its fine weight is 9 grams.

Where to buy shiba inu coin bank for sale?

where to buy shiba inu coin bank philippines

where to buy shiba inu coin bank replica In this article, I will discuss about where can I find a Shiba Inu Coin Bank for sale. Obviously, you have been looking all over the internet including Amazon or eBay but so far, you have not found any yet. Hmmm… the prospects of finding a good deal look grim right now. The Shiba Inu is one of the cutest dog breeds that I come across with and these Japanese dogs just capture my heart whenever I look at them – super cute!

See also  how to lookup snapchat username

Shiba-inu-coin

But then again, there are even more adorable things out there as well as annoyingly frustrating situations which makes it very difficult for me to make a decision. For example, shopping for an item – especially one that I really want – and finding amusing quirks about the product which makes it very hard for me to make a firm decision would be like:

1) The price tag of the Shiba Inu Coin Bank was ridiculously marked up way above its regular retail value

2) There’s no stock available at the moment but you can sign up for their newsletter and you will be notified as soon as they restock or when another customer cancels their order (this is actually really annoying that I don’t buy such cute things because maybe someone else might have bought them by the time I came to my senses about buying it)

Shiba Coin price increased miraculously

The reason why the price of Shiba Coin miraculously increased by 30 times after the Shiba Rescue Project (SRP) started on August 1st is that it caused a run on the coin, according to experts.

“The biggest factor in the sudden increase in price was probably panic buying,” said an anonymous industry expert. “To get coins, people were willing to pay ridiculously large amounts of money without waiting even one or two days.” Since July 31st, trading volume has increased nearly tenfold, and prices have fluctuated greatly. “There are probably very few holders who can actually sell their coins at these ridiculous prices,” said another analyst.

See also  Cook burgers roblox, How to cook the perfect burger

A lottery which held 100 million of the total 3 billion Shibas will be drawn among SRP participants at 0:00 on August 14th.

The lottery, which offers the chance to win 1 coin for each 100 Shibas held, will be conducted on a blockchain network made up of the holders of over 4.5 billion Shibas. It is expected that many people who have been waiting for this event will attempt to buy as many coins possible before the day of the drawing.

This is why experts are predicting that even if there are people willing to sell their coins at this time, they won’t find any buyers since most Shibas belong to speculators and not those interested in waiving dogs or having them microchipped. The same industry expert said: “This means that prices could continue increasing despite how much profit was taken off by early adopters.” With yesterday’s price almost reaching 10,000 yen (US$ 88.68), the market capitalization is still calculated at only around 21 million US dollars.

This coin has already experienced large increases of 1,000% to 3,000%, and experts are predicting that it could see unprecedentedly high peaks if many Shibas are exchanged for this coin.

An official from an exchange where Shiba Coin can be traded said: “This is a hostile takeover by the dog lovers.”

Shiba-inu-coin

If you’re looking to purchase a shiba inu coin, then this blog post is for you. We hope these tips have been helpful and we wish the best of luck on your search!

See more articles in category: Knowledge

Leave a Reply

Back to top button