There’s some substance behind Shiba Inu, just not very much. When the market slumps, it’s cryptos with less utility and less established reputations that are hardest hit. Part of the reason for the recent crypto crash is that economic uncertainty has driven people out of riskier assets like cryptocurrency .
Read moreIs Shiba Inu worth investing in?
Well, Shiba Inu has been one of the best performing cryptocurrencies of 2021. It is still one of the top #15 largest cryptocurrencies by marketcap. But when compared to a Bitgert, it has been beaten as the best crypto investment in so many ways .5 Mar 2022
Read moreIs Shiba Inu a good investment 2021?
While these developments may be promising, it’s important to keep in mind that Shiba Inu is still an extremely risky investment . It does have more real-world utility than in the past, but the crypto space is highly competitive. At the moment, there’s not much that sets Shiba Inu apart from other cryptocurrencies.
Read moreHow do you trade Shiba Inu coins?
Here’s how to buy SHIBA INU with the Coinbase app for U.S. residents.
Read moreHow many Shiba Inu coins are in circulation?
Shiba Inu trades for such a small fraction of a penny because its supply is so large. There’s currently a supply of 549 trillion SHIB tokens in circulation, giving it a market cap of around $11 billion.
Read moreDoes Shiba Inu crypto have potential?
Volatile penny cryptocurrency This brings to the fact that despite the useful use cases, the near-550 trillion total supply, and a market cap well above $19 billion, Shiba Inu remains a speculative crypto asset , though with a deflationary lineage. Therefore, DYOR before trading or investing in this high-risk asset.
Read moreWhat is the next big cryptocurrency 2022?
The next cryptocurrency to consider buying in 2022 is PancakeSwap . In its most basic form, PancakeSwap is a decentralized exchange that was launched in late 2020. The exchange allows users to buy and sell digital tokens without going through a third party.
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