MY REVIEW ON SHIBA INU COIN AND PREDICTION
Shiba inu coin (SHIB for short) is a meme alt coin just like dogecoin, though it is referred to as the dogecoin killer. It was launched in August 2020 and it price was very low at that time (about 0.00000001usd). Shiba has raised crypto millionaires over the past month.
WHAT IS SHIBA INU
Shiba inu is a meme alt coin created as an experiment that plans to displace dogecoin in the crypto space. The shiba inu is working on the shiba inu blockchain and was launched on the Ethereum network (ERC-20).
Shiba inu works in same mechanism as Ethereum because its on the Ethereum networkand as such the token is fungible, that means it can be replicated.
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TOTAL SUPPLY OF SHIBA INU
Shib has total supply of one quadrillion (1,000,000,000,000,000.) with the current circulating supply of about 394.7 trillion SHIB.
SHIBA PRICE TIMELINE
When shib was launched in august 2020 its price was way down about 0.00000001 usd and this low price ran through 2020 and beginning of 2021.
In april 2021 the price skyrocketed to about 0.00003 and took a little dip around may, then took a massive bullish turn. In may 11 the price have reached 0.0003 that about 3,300% increase.
FUTURE OF SHIBA INU
shiba inu have assured of upgrades in its network.
Expert have also commented on estimated price of shiba inu to be on steady increase on the long run.
shib inu is highly influenced by Ethereum and we expect an update on SHIB as Ethereum plans to update from poW to poS.