SHIBA INU ( SHIB ) Binance Update 18.05.2021

Shiba Inu (SHIB) also known as Shiba Token is currently the highest growing Cryptocurrency among the top 100 coins. As per the Shiba Inu website, the SHIB coin and network is an experiment in decentralized spontaneous community building.

The creators of SHIB have major goals with the SHIB project and are currently working on marking a Non-fungible Token(NFT) network. It is hosted on the Ethereum Blockchain and is one of the most passionate cryptocurrencies today.

The Shiba Inu has been called 'Dogecoin Killer' by its community. This cryptocurrency has quickly gained worldwide attention, in part because of the rising popularity of Dogecoin .

The Crypto market is a very volatile and unpredictable one, and usually, cryptocurrencies that have no reason for being on top and often get pumped up.

As of 13 May 2021, a total of 394.796 trillion Shiba Tokens were in circulation, with the market cap sitting at $7.03 billion.

Why is Shiba Inu rising?

Shiba Inu coin prices have towered recently. The coin price towered after Binance started offering the coin.

Further, Shiba Inu has risen because of the popularization of the currency. Many social media influencers have continued to promote it on the platforms, Ethereum founder Vitalik Buterin donated $1 billion in SHIB to the India Covid Relief Fund.

The Shiba Inu token was listed on 13th May by the Mumbai-based WazirX exchange, which is owned by the giant cryptocurrency exchange Binance. Soon after the listing, Shiba Inu's price rose.

Is Shiba Inu a good investment?

It is hard to predict whether the currency will continue rising or whether a reversal will happen. Besides, we have seen many pumps and dump schemes in the market before.

According to the Digitalcoin data predicted, the price will increase in the future and it is a profitable and cheap investment. The token’s price is low, it allows users to hold billions or trillions of them. But again do not invest all of the savings in Bitcoin , it wouldn’t be wise and do your own research before investing any.

While buying may be risky, it may be even riskier because you can lose more money than you invested.

According to Coinmarketcap numbers, Shiba Inu grew by more than 120% in the last 2 days. And almost 1,970.57 % in the last 1 week.

The Shiba Inu Coin (SHIB) has been trending in the crypto community over the past few days. Ever since the hype behind Dogecoin died down a bit, many new crypto enthusiasts are busy promoting the Shiba Inu Coin.

The coin has been made just to earn money, with no underlying value behind it. Such coins can lose their value very fast if the market loses trust in them.

People should be suspicious before investing in coins like Shiba Inu, Safemoon, etc, as these can bring quick profits but can also leave you with huge losses if they crash.

However, Shiba Token can be exchanged on WazirX, Binance, CoinDCX, ShibaSwap, etc. Binance is currently the most active market trading it.

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