After reports that Shiba Inu holders had drastically dropped following a three months price fall failed attempts to move up again, the SHIB coin has started showing signs of shooting up and whales are once again accumulating the meme coin again.
To help new investors and traders who are eyeing the coin, Invezz has created a brief article to assist crypto traders and investors understand what Shiba Inu (SHIB) is and the best place to buy it.
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Best places to buy Shiba Inu
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What is Shiba Inu (SHIB)?
SHIBA INU (SHIB) is a meme coin and its main aim was to become the Ethereum-based counterpart of Dogecoin.
Shiba Inu is part of several dog-themed tokens that include the likes of Dogecoin (DOGE), Baby Dogecoin (BabyDoge), Alaska Inu (LAS), Alaskan Malamute Token (LASM), and JINDO INU (JIND).
The Shiba Inu (SHIB) coin has attracted lots of investors, especially those who missed Dogecoin’s pump from about $0.0002 to about $0.75. It has made a lot of headlines and even appeared in many tweets from influential personalities like Elon Musk and Vitalik Buterin.
Should I buy SHIB coin today?
If you are looking to invest in a dog-meme coin that is on the rise, then Shiba Inu could be a good choice especially now that it is rallying after a fall.
Nevertheless, you should be aware of the fact that the cryptocurrency market is extremely volatile and extreme sudden market swings are possible.
Shiba Inu price prediction
At the moment everyone is waiting for Shiba Inu to get above $0.00003 with bated breath. The majority of investors believe that the meme coin is preparing for a major comeback in 2022.
All eyes are on the $0.000040 target price.
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