If you are looking for Reasons to Buy Shiba Inu Coin, then you are at the right place. Hi Crypto lovers! Welcome to SeriesMaza.com, Your daily crypto update.
If you are interested in everything around meme coins, this is the place for you! In Today’s Article we will give you 5 strong reasons to buy Shiba Inu Coins now.
So stick around for that because today’s article will make you a proud owner of SHIBA.
Also Read – Shiba Inu Coin Holders | Major Updates 2021
Reasons to Buy Shiba Inu Coin 2021
The First powerful reason is “HOLDERS” To understand the valid reasons, best way is to compare it with his lead token “DOGECOIN” So if we check the number of holders for dogecoin, and it is around 4 Million holders. Now let’s check for SHIBA INU, it is around half a million.
So this makes Shiba Inu to be more of people’s coin. Dogecoin being in the list of top 10, standing at number 6, still holding only 8 times of Shiba Inu holdings but with the same amount of supply.
So, the reason why you should be considering this memecoin is because the amount of holders they have and it’s still growing. The Second Most obvious reason is “Price”, Yes, if we compare Shiba inu to its big brother dogecoin.
Dogecoin with the price tag of around 27 cents is the only coin having worth less than 1 dollar and still standing to the position six. This is because of its popularity and affordability.
Now imagine a picture of a coin having a price of around $0.00001 in the top 10 list of crypto, how many people will rush to buy it.
Interesting right? In that case, price will increase because of increase in supply, and if market cap of shiba inu comes to rank it over top 10 crypto, it will be the most invested crypto surpassing dogecoin.
Even in the SHIBA INU woof paper, it says that we have the ability to outpace the value of doge coins exponentially without ever crossing the one cent mark. So as you see this is the vision they are having and it is actually happening and it will happen.
Shiba Inu has the ability to rank in top 10 surpassing Dogecoin without even surpassing one cent the price, and that is not even impossible.
So how many SHIB you guys are golding? And what price you expecting by end of this year? Let us know in the comment section below. Third and most important reason is “SHIBA SWAP” This is a major reason because of its working.
Shiba Swap is the true utility that has ability to revolutionize the entire defy system. We can also call shiba swap a money making machine because of its working.
What it does is, on every transaction they’ll take a certain amount and redistribute it to the investors and take a certain amount further to lock it into the liquidity pool. Hence, taking away the supply out of the circulation.
As there are half a million users, there will be millions of transactions and will certainly decrease the supply and hence price surge is confirmed. And we all know that price depends on supply and demand, so shiba swap can reduce the supply and can easily boost the price gradually.
This beautiful utility is still going through its final security tests and can be made public anytime. Do you know anything about shibaswap that we missed? Please let us know us in comment section. Let’s grow and learn together.
With this, fourth reason come which is “Decentralized exchange” Let me tell you about Doggy DAO (decentralized autonomous organization) and bone governance token which will be introduced by the end of 2021.
Now this in combination with shiba swap is Something that makes it a strong reason to invest in SHIBA. As we discussed, shiba swap is revolutionary. It is the pioneer to the current swaps that are in the market.
None of the swap runs under DAO, meaning that they’re all using other stable coins usdt dye or other stable coins. And here is what sets shiba swap apart from other swaps because with through dao it’s going to be not just fully decentralized but it is going to have its own stable coin.
There’ll be a lot of transactions going on now with the stable coin coming. Shiba Swap will be the first decentralized exchange with their own stable coin. So what is a stable coin now? Let’s take an example Tether for that.
Tether is the number one stable coin right now its ranked number three. only bitcoin and ethereum are ahead of tether for now. With the volume of 57 Billion Dollars, tether sits at number three right now. It is the most used stable coin.
Pegged on the us dollar it’s also running on ethereum and have 3.2 million holders. Price of tether is very $1, which makes it the favourite crypto for users for transactions. Similarly, Shibaswap will be using their own stable coin because within shiba swap there’ll be so many transactions going on and so many pairs but the major point is it will remain decentralized.
They will not be using USDT within shiba swap because USDT is centralized and the goal they really truly want to remain decentralized. As we all know, centralization has been a prerequisite for all our official structures.
But Shiba stap will be using DAO to make it fully decentralized in which many swap exchanges failed. The last and our favourite reason is “CHARITY TOKEN” We all are aware about the Vitalik Buterin donation of 1 Billion worth token to Covid relief fund India.
In India, it is no longer a meme token but a charity token. Not only this, if you visit the official website of SHIBA INU COIN, they partner together with AMAZON SMILE, where a percentage of your purchases go to support a social cause.
So, we can say Shiba inu as a token of humanity rather than just a currency. As of now, SHIB is based on Ethereum and has little to no underlying use cases or value. Because the SHIB token is so new to the market, there isn’t much information available about it yet.
We all know that Dogecoin is a cryptocurrency that was created using the same technology as Bitcoin but on other hand, Ethereum is used to power Shiba Inu tokens.
Non-fungible tokens (NFTs) use the Ethereum platform’s ERC-721 token standard, while fungible tokens like Shiba Inu use the ERC-20 token standard. But, with ShibaSwap, Shiba Inu’s own decentralized cryptocurrency exchange, will allow buyers to trade Shiba Inu for other cryptocurrencies.
Shiba coin supporters describe it as a “safe place to exchange your valuable crypto while staying decentralized.” To ensure a secure launch, ShibaSwap is undergoing security checks, audits, and final updates.
Participants in the network will be able to exchange their tokens directly from their wallets with other ERC-20 compatible tokens on this non-custodial platform.
Because they do not retain huge quantities of bitcoin to tempt hackers, non-custodial exchanges are often more secure than centralized exchanges.
Also Watch – Getting Started With Cryptocurrencies in 2021
Conclusion – Reasons to Buy Shiba Inu Coin
That’s all, well, that is it for today’s article, guys. Always make sure that you do detailed research before investing in Cryptocurrency. Let us know in the comments below when you think Shiba will hit $1 See you next time at Shiba Inu Coin!