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Is It Still Worth Investing in Shiba Inu Coins That Have Been Down for A Week?

2022-03-16 10:51:28
How To Trade Shiba Inu Coins?
Shiba Inu Coin was developed by an anonymous person or group named "Ryoshi" in 2020. It started as a copycat token of Dogecoin, but with its rapid upward trend and large fan base, it has successfully replaced many copycat tokens.
The total mintage of the Shiba Inu coin is 100 trillion, more than the current mintage of all mainstream currencies combined. The issue price is $0.0000000001 and each person can buy as much as they want. You can become a millionaire with "millions" of Shiba Inu coins by randomly investing in them. To this day, although the recent Shiba Inu coin has fallen a bit, it has long since doubled hundreds of times compared to the issuing price.

Can Shiba Inu Coins Still Reach The Madness That Once Was?
The reason why the Shiba Inu coin is currently the king of MEME tokens is that the heat is far more than the Dogecoin which was issued earlier than it. The reason for this is that it used to trend explosively. In 2021, Elon Musk, whom the Tesla CEO helped promote Dogecoin, made it rise 100+ times in a few days, with only a short Twitter post in May saying "I'm looking for a Shiba pup! ". The price of the Shiba Inu coin rose 251% at one point. The trading volume reached 40.3 billion dollars. Many people choose to buy Shiba Inu coin at this time for investing.
Shiba Inu Coin has doubled 1,737 times in the last three months, 567 times in the last 30 days, 20 times in the last week, and 150% in the last 24 hours as of May 11, 2021. In less than a year since its birth in July 2020, Shiba Inu Coin has skyrocketed 350,000 times. Many bloggers shared online in real-time how Shiba Inu Coin, which they bought on May 8 for 3,000, became 5,000, 7,500, 9,600, up to 100,000, 110,000 step by step ......

Is It Still Worth Investing Now?
Since October 2021, the Shiba Inu coin has mostly been trending downwards. The market price of the Shiba Inu coin in circulation is $0.00002183 as of noon on March 14. (Source: Gate.io) However, that still hasn't lowered expectations for the token either. The team of Shiba Inu Coin is also doing a lot of efforts to maintain it.

Shiboshis - NFT
Shiboshis are irreplaceable tokens in the Shiba Inu coin, commonly known as NFTs, with a total mintage of 10,000. What you buy is not just an NFT but a game character behind this. You can buy up to 10 Shiboshis per person, and after you buy it, it only has some numbers, such as 0001 and 0002. You can give it a unique name, but each name costs $100 in equivalent SHIB, which will be burned by the project.
That means that after 10,000 NFTs are put on the market, $1 million worth of SHIB will be destroyed, and about 30-40 billion SHIBs will go for burning, and the game behind will also go for burning, which fully illustrates that the SHIB team is all about destroying excess SHIBs and drying up the price to $0.01, and they are running towards that goal.
The drop seen right now may be short-lived. NFT has been in the works, and even the meta-universe is on the plan. The goal of the Shiba Inu coin team is to rise to a price of 1 cent. Now the market value has a lot of potential to be viewed and hopefully, it will not disappoint all the Shiba Inu coin fans.
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