An Informational Guide From KuCoin about Shib Coin And Its Prices
2021 and 2022 have been quite unpredictable for the cryptocurrency, but some coins have increased their value, and the shib coin is among them. It is a new coin platform designed as a substitute for doge coins. It is a new coin, and few platforms offer to trade and invest in shib. KuCoin, on the other hand, is one of the most popular cryptocurrency exchange platforms that provide over 500 coins, including popular coins such as BTC, ETH, and SHIB, and emerging coins such as Sol, XLM, etc.
If you want to invest in Shib coin, this article will provide complete information and prediction, so let’s get started.
What Is Shib Coin?
The Shib coin is the clear rival of dogecoin. Doge has been getting very popular with no competition, but shib coins are also in the market to provide a tough challenge. Many experts believe that the shib coin might be the ultimate doge killer. It was developed in 2020, and very little is known about the coin’s creator. The basic idea is that it was developed by Ryoshi and can be a person, company, or group. It is designed as the direct replacement for dogecoin and is named after the Japanese dog Shiba Inu, a rising star who has already started to take over the Doge market.
The Reasons For Popularity Of Shib Coin
There are many reasons behind the popularity and the instant rise of the shib coin. It is designed based on an Ethereum network and is among the most secure cryptocurrencies, and has won the investor’s trust as the stable doge coin substitute. These are the major headlines about shib coins.
Elon Musk tweeted about the shib coin and expressed his interest in owning the Shib coin, which is the major contributor to its popularity, and the price has increased by 300 percent due to hype.
The prices of Shib fell by 40 percent after the Ethereum blockchain network founder Vitalik Buterin donated 50 trillion shib coins to Indian crypto entrepreneur Sandeep Naiwal in terms of the Indian Covid Relief Fund.
How To Invest In Shib Coin?
There are many platforms to invest in shib coins, but if you are looking for the best trading experience, there is no better option than KuCoin. It provides timeless real-time data of all the coins with their trends and predictions so that you can invest without risk. It also provides quick conversion between the coins so that you do not have to change to USD to go to a shib coin. The best thing about the platform is the liquidity. One in every three users except the US uses KuCoin, which has high liquidity.
The current value of shib is around $0.0000104, which can increase significantly in the future. Shib coin is already in the top 50 popular coins, and the current value of the coin is the perfect opportunity for long-term investment.