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Buy Shiba Inu

Shiba Inu

SHIB
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Overview

#16Popularity
MemecoinAsset type
2020Active since

What is Shiba Inu?

Shiba Inu (SHIB) has been making waves in the cryptocurrency world for quite some time, capturing the attention of investors, meme enthusiasts, and dog lovers alike.

What is Shiba-Inu? How to Buy SHIB?

What exactly is SHIB, and why is it often referred to as “the Dogecoin killer”? And how can I buy it?

The Origins of Shiba Inu

Shiba Inu is an Ethereum-based memecoin (or altcoin) that features the Shiba Inu, a Japanese breed of hunting dog, as its mascot.

Shiba Inu is often seen as an alternative to Dogecoin.

Both SHIB and Dogecoin fall into the category of meme coins, which means they are associated with a theme (in this case, the Shiba Inu dog) and often launched as a playful parody. But don’t underestimate their impact — meme coins can still pack a punch. For example, Dogecoin is is the 10th most popular crypto by market capitalisation at the time of writing, beating out other cryptocurrencies that have genuinely useful features.

Shiba Inu is 18th by market cap (at the time of writing), but again it is more popular than some cryptocurrencies that are useful for many things.

Who created Shiba Inu?

Shiba Inu was created in August 2020 by an anonymous individual or group known as Ryoshi. The project emerged as an experiment in decentralised spontaneous community building.

Ryoshi believed that collective decentralization could create something stronger than a centralized team ever could.

Key Features of Shiba Inu

Massive supply

SHIB had an initial circulating supply of one quadrillion coins. Yes, you read that right — abundant is an understatement. But this abundance has not diminished its appeal, seemingly.

Shibaswap and NFTs

The Shiba Inu ecosystem extends beyond the token itself. It supports projects like Shibaswap, a decentralised exchange, and an NFT art incubator. So, it’s not just about the coin; it’s about the entire ecosystem.

Woof paper

Forget the traditional whitepaper — Shiba Inu has a “woof paper”. The “white paper” outlines the project’s guiding principles. It’s all about community-driven development and the spirit of creating something out of nothing.

Shibarium

In January 2023, the Shiba Inu community introduced Shibarium, a layer two blockchain designed to run on top of Ethereum. Its goals include reducing congestion, introducing staking, lowering gas fees, and supporting decentralized applications.

The SHIBArmy

The SHIBArmy, with its base of nearly 500,000 members, embraces Shiba Inu’s founding principles. These include starting from zero, not relying on an existing community or preassembled team, and, of course, a love for Shiba Inu dogs.

How to buy Shiba Inu (SHIB)

Here's how to buy Shiba Inu on CoinJar.

-Download the CoinJar app: Get the CoinJar app on iOS or Android.

-Create an account: Sign up and verify your ID.

-Upload funds to your CoinJar account using bank transfer or card.

-Make a purchase: Choose “SHIB” and then it the cryptocurrency will go into your CoinJar wallet. You can keep it on this wallet, or move it to another wallet.

Shiba Inu: Conclusion

Shiba Inu may have started as a memecoin, like Dogecoin (DOGE) but it has evolved into a community-driven project with passionate fans.

As a meme-based cryptocurrency, SHIB has gained popularity through social media platforms and online forums. Its playful and lighthearted approach to the crypto world has attracted a large following of enthusiasts who are drawn to its unique charm.

What sets Shiba Inu apart from other cryptocurrencies is its grassroots origins. It was created as a joke or a parody of more established cryptocurrencies, but it quickly gained traction and became a serious contender in the market. This unexpected rise to fame has captured the attention of many investors and traders, fueling the hype surrounding SHIB.

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How to buy Shiba Inu with CoinJar

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Frequently asked questions

Shiba Inu vs Dogecoin: What’s the difference?

Dogecoin was the original memecoin, created in December 2013 as a joke version of Bitcoin and built using essentially the same technology.

Shiba Inu was inspired by Dogecoin, but was deployed as an ERC-20 token on the Ethereum blockchain. This means that beyond being a purely tongue-in-cheek crypto, it also has the power to use smart contracts in the shape of dapps and DeFi.

How to buy Shiba Inu?

People typically buy Shiba Inu through a crypto exchange such as CoinJar. You simply create an account, verify your ID – it only takes a few minutes – and then either deposit money from a bank account or use a credit or debit card to make the purchase.

Who created Shiba Inu?

Shiba Inu was created in August 2020 by an anonymous figure known only as Ryoshi. Ryoshi declared that Shiba Inu coin would be the “Dogecoin Killer”.

What is the safest way to buy Shiba Inu coin?

The safest way to Buy Shiba Inu is through a trusted exchange with a proven track record.

CoinJar is one of the longest-running crypto exchanges and has been operating since 2013 with no unplanned downtime, security breaches or loss of customer funds.

We are registered with AUSTRAC and the FCA UK (for AML purposes) and work with some of the world’s largest payment providers, including Mastercard, Visa, Apple Pay and Google Pay.

Can I buy Shiba Inu with a credit or debit card?

Yes – with CoinJar Instant Buy you can buy Shiba Inu with any AU-issued Visa or Mastercard. We also offer support for Apple Pay and Google Pay.

Will Shiba Inu coin reach $1?

As this would put the market cap of Shiba Inu slightly north of $589 trillion, the answer is no.

Why buy SHIB with Coinjar?

CoinJar is one of the longest-running crypto exchanges and has been designed from the ground up with security and ease-of-use in mind.

From the quick and intuitive sign-up process, to our lightning fast bank deposits and withdrawals, low fees starting at 0% (on CoinJar Exchange), and a user-friendly iOS and Android app, CoinJar is the ideal crypto exchange whether you’re buying crypto for the first time or an experienced investor.

What Is Shiba Inu cryptocurrency?

Shiba Inu (ticker: SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person or group using the pseudonym “Ryoshi.”

It draws inspiration from the Shiba Inu, a Japanese dog breed, which also serves as the mascot for Dogecoin, another cryptocurrency with meme origins.

What is the Shiba Inu Whitepaper?

A whitepaper is a document that serves as the primary informational resource for a particular blockchain project or cryptocurrency.

It is typically authored by the project’s creators or development team and outlines the project’s objectives, technical details, and implementation plans. A whitepaper enables projects to explain their products and goals to their audiences.

Shiba Inu’s Whitepaper is called the “Woof Paper” and you can find it here.

What is SHIB and how does it work?

SHIB is the main token of the Shiba Inu ecosystem, aiming to bring decentralized, community-led currency to millions globally. It’s an Ethereum-based token that gained popularity due to its cute charm.

SHIB is accepted as a form of payment at some locations, either directly or through third-party intermediaries.

What is the Shiba Inu coin based on?

Shiba Inu is based on the Ethereum blockchain. It operates as an ERC-20 token.

What is the Shiba coin used for?

SHIB can be used for various purposes, including transactions, trading, and participating in the ShibaSwap decentralized exchange.

Why was the Shiba Inu coin created?

The Shiba Inu coin was created as a meme coin with no specific utility other than community engagement and fun.

Its origins are tied to the fascination with the Shiba Inu dog breed and the broader crypto meme culture.

What functions does the Shiba Inu cryptocurrency serve?

Beyond speculation, SHIB’s primary function lies in its community-driven ecosystem, which includes ShibaSwap and other related projects.

Is the Shiba Inu (SHIB) coin a good investment?

As with any speculative investment, it’s essential to conduct thorough research and consider your risk tolerance before investing in SHIB.

When Shiba Inu launched in April 2020 the price of the memecoin was US$0.000000001009.

By May of 2021, SHIB jumped 457% in one day, making it $0.00003469. The all-time high (ATH) was US$0.00008845 in October 2021. At the time of writing, SHIB is priced at US$0.00000887. So the price is down by around 90% from its ATH.

Some price predictions are positive, some negative. In some cases, the price of SHIB is predicted to go to $0.000055 this year.

Meanwhile other pundits predict it will stay where it is. No one has a crystal ball to see into the future!

What is the future of the Shiba Inu (SHIB) crypto?

The future of SHIB remains uncertain, as it largely depends on market dynamics, adoption, and community support.

Will Shiba Inu coin ever catch up to Dogecoin? Is Shiba Inu Coin a better investment than Dogecoin? Is Shiba Inu the same as Dogecoin?

While both SHIB and Dogecoin share meme origins, their trajectories and use cases differ significantly. Both coins have different use cases and risk profiles. Research thoroughly before making investment decisions.

While both SHIB and Dogecoin share meme origins and feature the Shiba Inu dog, they are separate cryptocurrencies with different communities and use cases. Dogecoin has a much higher market capitalisation and it will probably stay that way for the foreseeable future.

How will the Shiba Inu crypto perform in the long term?

Long-term performance depends on various factors, including market sentiment, adoption, and technological developments. Some say as we approach 2030, the price will be much higher, however it is unlikely to ever hit US$1.

What are the risks of investing in Shiba Inu Coin (SHIB)?

Risks include market volatility, regulatory changes, and the speculative nature of meme coins.

Should I hold onto the Shiba Inu coin?

Holding or selling depends on your investment strategy, risk tolerance, and market outlook. If you believe the market will rise then you could hold. However if you think the price won’t rise, you can consider selling.

Why will the Shiba Inu coin go up in 2024?

Predicting specific price movements is challenging. Factors like adoption, market sentiment, and broader crypto trends play a role. Many pundits think that Shiba Inu is due for a bullrun.

Others think that the dog has had its day. Don’t invest anything you can’t afford to lose.

Why is there a surge in the price of the Shiba Inu coin?

Price surges can result from various factors, including social media hype, celebrity endorsements, and market speculation.

Is Shiba Inu Coin a better investment than Bitcoin?

Comparing SHIB to Bitcoin is like comparing apples to oranges. Bitcoin is a well-established digital asset, while SHIB is a meme token. They have different uses and different users.

What is the possibility that the Shiba Inu coin will grow? How high will the price of the Shiba Inu coin go?

Growth potential depends on market dynamics, community engagement, and broader crypto trends. Some experts think it will grow, while others think the price will fall.

Will the Shiba Inu cryptocurrency get to $1?

Predicting specific price targets is challenging. SHIB’s value depends on market dynamics, adoption, and investor sentiment. But it is genuinely unlikely that SHIB will hit US$1.

Is Shiba Inu a good investment for beginners?

For beginners, it’s essential to understand the risks associated with meme coins like SHIB. And it’s a fun cryptocurrency with a great community.

Can Shiba Inu crypto be mined?

SHIB is not mineable like Bitcoin. It was initially distributed through airdrops and community engagement. Now it can be brought from crypto exchanges.

Who created SHIB?

SHIB was created by an anonymous person or group using the pseudonym “Ryoshi.” The origins are community-driven and meme-oriented.

What is the Shiba Inu price?

SHIB’s price is highly volatile and subject to market fluctuations. You can check the price of SHIB at the top of this page 24/7. At the time of writing, the price of SHIB was US$0.00000888.

Is Shiba Inu coin a cryptocurrency?

Yes, SHIB is a cryptocurrency, albeit one with meme origins and a strong community following.

Is Shiba Inu a functional cryptocurrency?

SHIB’s functionality now extends beyond mere speculation. It’s used in the ShibaSwap ecosystem and other related projects.

Where can I spend my Shiba Inu coins?

While SHIB is not widely accepted for everyday purchases, some merchants and platforms may allow its use.

However if you sign up for the CoinJar Card (it’s free to sign up) you can spend your SHIB anywhere that Mastercard is accepted.

Why is Shiba Inu so hyped? What makes it so special?

SHIB’s hype stems from its meme status, and the community’s enthusiasm. Its uniqueness lies in its grassroots origins and playful approach to crypto.

Will Shiba Inu ever reach one cent?

While Shiba Inu will probably never reach 1 dollar, reaching one cent is more likely. But it seems to be a lofty goal. If $0.01 per token was reached, it would make SHIB more valuable than some of the largest companies.

So while hitting 1 cent is theoretically possible, it probably won’t happen.

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