Meme coins have been getting more attention than ever before. Cryptocurrencies have had a big year. THIS ALL BEGAN with DOGE, the first “meme coin” to go mainstream. Many meme coins came after that. Some of them stayed, and some died. However, there is one person out of all of them who is still getting a lot of attention: Shiba Inu. So let’s find out the Shiba Inu Use case.
It was the 13th most valuable cryptocurrency in terms of market value at one point. Shiba Inu (SHIB) was once the 13th most valuable cryptocurrency.
It calls itself the “DOGE killer.” Shiba Inu will be an Ethereum-based alternative to the popular meme coin based on a dog. After Robinhood added the DOGE coin to its app a few days ago, people started petitions to do the same for Shiba Inu.
However, that is where the question comes up: Do meme coins have any real value? Given the name, it doesn’t sound like it does. People use the word “meme” to make fun of any real event. So, when the “frenzy” of the meme coin dies down, it takes the meme coin with it.
Some meme coins go away. That’s why I said that before. To stay alive, meme coins need to have applications for which people can use them. This doesn’t have to include trading, but it should have specific cases.
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Here’s what Shiba Inu Use case is
Ethernum has a lot of different applications, like smart contracts, NFTs, and so on, that it can be used for. Like Cardano and Solana, many of its competitors have some of the same features and work to improve them in the future, but they don’t have all of them. The same thing is true for meme coins.
Today, we want to know: Is the Shiba Inu (SHIB) coin used for anything? What is the Shiba Inu Use case? We don’t know what could happen. Then, keep reading.
People can buy and sell dog-themed “meme coins” on ShibaSwap, a decentralized exchange (DEX). It has well-known “meme coins” on it. Two coins have been put in place to make things easier for everyone: SHIB tokens and LEASH tokens.
- Dig – Make money by giving people money.
- It’s called “Fetch.” You move tokens to get BONE.
- Bury: Put tokens into a jar to make money.
- Swap: Change the tokens you have now for new ones.
It’s called Bonefolio, and it lets you see what you own.
Stake money in SSLP and get money back.
ShibaSwap had a great start, with more than $1 billion in liquidity in just one day. But, unfortunately, this also clarified that SHIB and its fans aren’t just a short-lived craze.
People are putting Shiba Inu in stores that sell crypto.
Shopping.io is a website that lets people buy things from big online stores with a cryptocurrency called “coin.”
The platform can now use more than 100 different types of coins, including SHIB. So, people who own crypto can use it to buy things on Amazon, eBay, and big-box stores like Walmart. As a payment method, Shiba Inu’s use case is even better because of all of this.
Shopping.io also gives extra discounts to users who have SPI or GSPI tokens. In addition, many international services, such as Binance Pay, Electroneum, AWS, and Coinbase commerce, work with the shopping platform to help people buy things. This also gives SHIB exposure to many other big services, which increases the number of ways it can be used.
If you think Shiba Inu and its use cases can do the job, then you should keep reading.
To say that Shiba Inu is just a “meme coin” is way too low of a grade. Indeed, the origins of the meme coin aren’t exactly for a good reason. However, that doesn’t mean that it will never happen again.
Also, though Shiba Inu has some flaws because it is only recognized in one category, the meme coin can be a valuable asset in the future because it has a strong group of followers and is used in many different fields.
In fact, any meme coin with a Shiba Inu Use case that has a good use case and a strong community behind it can be a part of the crypto world.
How much does it cost to get a Shiba inu dog Coin?
In the beginning, you might think that Dogecoin at $0.244775 is cheap. But, wait until you hear how much Shiba inu costs. The coin is worth just $0.00003300. You’ll have to pay just $33 for 1 million Shiba inu coins, though.
Even though crypto’s price isn’t the best way to figure out how appealing it is to people, instead, it’s about how the asset will be used in the future and how it can be used in the future. And having a group of people excited about it doesn’t hurt either.
There are a few reasons. On Wednesday, the price of Shiba inu went up because of a Change.org petition that has more than 300,000 signatures. Robinhood should be the first traditional brokerage to list Shiba inu coins.
The Shiba inu community/Devs recently released a series of tokens called “shiboshis” written on the ethereum blockchain. Shiboshis can’t be bought or sold. Some of these show Shiba, inu with party hats or laser eyes.
In May, there was a lot of attention for this coin when Vitalik Buterin gave 50 trillion (then worth about $1 billion) to a crypto-based COVID-19 relief fund.
On top of everything else, it’s just the Shib Army rallying around a coin they like.
People who work with altcoin avalanche John Wu, president of Ava Labs, told Crypto Insider that there are many different types of coins out there. That’s all you should know about Shiba Inu Use case.
You should buy Shiba Inu (SHIB) right away for these four good reasons!
There are still many people who are holding on to Doge in the hope that it will go up again, but some people are starting to look for something else.
Before letting you read, I have written an article especially on Is The Shiba Inu Coin A Good Investment In 2022? Pros & Cons Explained! Do Check it out.
In what direction are they going? It’s Shiba Inu, to be exact. People want to get on the SHIB gravy train before it goes to the moon.
1) It’s very cheap.
In this storey, the price of SHIB is $0.00001663.
You can buy 200,000 SHIB for about $4 before paying any fees.
This is so cheap for a chance to make a lot of money in the future, and it’s crazy. A lot of you are shelling out $5 for a lottery ticket that will be thrown away after you scratch it. As long as you keep the coins with SHIB, you can keep them. You can’t keep them with other games.
2) There’s a lot of hype.
A lot of investments these days are made because of all the hype. Face it; memes make money.
There are a lot of people excited about SHIB right now. It’s been talked about by many people, and there is a big online community that backs it and invests in it, even though the mainstream media is only now getting to know about it.
3) We’ve already seen it.
Price: Doge was $.002530 a year ago. It’s now $.02533.
It is now around 50 cents.
That’s a huge rise in price in the last year.
Suppose you say that you don’t think that SHIB could happen the same way now. There is no doubt in anyone’s mind that Dogecoin went down. People who don’t believe this are living in fear, and they don’t know it.
4) It can be done for free.
One factor that deterred me from buying in SHIB was the high price I constantly heard about. Numerous individuals invested in SHIB using Ethereum. They invested hundreds of dollars in exchange for a $30 investment.
This turned SHIB down for me. The hype around SHIB didn’t make me want to sell my ETH to buy it.
Make sure you don’t miss anything.
So much attention is being paid to SHIB right now, and I don’t want to miss out on it.
Investing a few dollars now could lead to a lot of money in a few months or a year, so it’s worth it. It happened with Dogecoin recently, and it’s now more likely than ever with other currencies.
My Verdict on Shiba Inu Use case.
So, now I would like to put an end to this blog post ( Shiba Inu Use case ) by saying, Shib is still immature in the market and Cannot be considered as Long term Investment bag! As we know, With great rewards comes with Great Risk! So if you can’t see your portfolio going 90% down, Then you are not ready to see your portfolio doing even more than 200%. Before investing in any coin, Just spend plenty of time researching because personal research is what matters in the end! If you have any questions, you may write them down in the comments.
This is all from my side. Pushkar from cryptocurrencysimple.com is signing off with great love and gratitude for you all!