SHIBA INU also known as Dogecoin Killer has become one of the most famous memes token in the crypto market. Today everyone is talking about this coin. On June 03 this coin jumps by 14% and it has more than a $3.5 billion market cap since writing this article. Now one question is rising in everyone’s mind, “Will SHIBA INU reach $1?”, “SHIBA INU Meme Token Price Prediction”, We are going to discuss this in detail in this post.
What is the SHIBA INU Meme Token?
Shiba Inu token is a meme token that is related to a special dog. That dog was a Shiba Inu, and this dog inspired millions of people around the world to invest money into tokens with the dog’s image on them.
According to SHIB Community “SHIB is an experiment in decentralized spontaneous community building. SHIB token is their first token that allows its users to hold Billions or even Trillions Shib Tokens. SHIBA INU is also known as DOGECOIN KILLER, this ERC-20 ONLY token can remain well under a penny and still outpace Dogecoin in a small amount of time. This token is popular worldwide, and already up thousands of percent.
SHIBA community has locked the 50% of the total supply to Uniswap and threw away the keys! The remaining 50% was burned to Vitalik Buterin. So everyone has to buy on the open market, ensuring a fair and complete distribution.
Who Are the Founders of SHIBA INU?
There are three main reasons of SHIB creation why on the SHIBA INU WoofPaper:
- We started from zero, with zero.
- The brilliant minds behind Shib had never collaborated before.
- We love Shiba Inu Dogs.
What Makes SHIBA INU Unique?
According to the SHIBA INU website they invite dog-inspired artists from across the globe to foster the “artistic Shiba movement”. They have brought the SHIBA INU community into the NFT market.
SHIBA INU has also started a campaign with the collaboration of Amazon Smile to collect donations for rescue real-live Shiba Inu dogs.
SHIBA INU Price Prediction: Will Shiba Inu reach $1?
Today every crypto trader’s eye is on Shiba Inu’s price. All the experts and crypto analysts are predicting the mark of 1 USD for this meme token. But the actual time when this token will reach $1 is very difficult to predict for anyone. But there is good news for all Shiba Inu investors is that despite the big sell-off around the world its price has rebounded from the bottom.
Shiba Inu is building a new decentralized exchange (DEX). It will compete with Uniswap and Sushiswap. If it receives a small fraction of success like the two other Decentralized Finance markets have received, the most gaining currency will be Shiba Inu being the native currency of the new DEX. Then it can also skyrocket the value of the SHIB coin to hit the mark of $1.
Is this the right time to buy Shiba Inu Tokens?
If truly speaking Yes, this is the right to buy it at a stable price. At the time of writing this post, you can buy 1,44,092 SHIB coins at just INR 100. You can invest any amount and hold this token in your wallet to reach a good price.
I am Pawan Kashyap currently living in Amritsar. I always try to grab new things from the cryptocurrency market. From my observations and trends in the market, I always try to provide the best and accurate information in the form of articles from this blog. Follow us on Facebook, Instagram, and Twitter to join us.
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