After the rise of Dogecoin, investors are on the lookout for another memecoin that could make them millionaires. Shiba Inu (SHIB) is one of Dogecoin’s biggest rivals and a natural choice for such investors. Elon Musk has hyped this memecoin on X, and Vitalik Buterin donated $1.14 billion worth of SHIB to India’s COVID relief fund.
Despite all these accomplishments, many investors are unsure if they should purchase this coin. This article offers 15 reasons why you should consider Shiba Inu. As you read this article, you’ll also learn about where to get free Shiba Inu by mining with Rollercoin.
15 Reasons to Consider Shiba Inu
Have you been wondering if it’s a good idea to buy this coin? Here are a few Shiba Inu facts that’ll change your mind.
1. The Shiba Inu Community
A memecoin only survives and thrives when its community is strong, and Shiba Inu has a strong community. Even though this coin started as a joke with virtually no worth, this community never stopped promoting SHIB. You can also be part of such a committed group of comrades after you get your free Shiba Inu.
2. Low Entry Point
A single SHIB token currently goes for $0.00003123, making it cheap enough for the average person to purchase. So, if you’re looking for a low-risk investment where you don’t stand to lose much, this memecoin should do.
3. High Growth Potential
According to CoinMarketCap, the value of Shiba Inu has increased by 11430362.4% since its launch in 2020. This is proof that this cryptocurrency has a high propensity for growth. This makes it one of the best choices for traders who are looking for high-return investments.
4. Popularity
After Dogecoin, the next dog-themed memecoin that’ll come to mind is Shiba Inu. This goes to show the popularity of this token, as it has become a popular name on the internet. So, it’ll attract many investors, which would help push the value of the token.
5. Consistent Developments
The Shiba Inu blockchain is not dead, as there is always something going on. Developers and the SHIB community are always working behind the scenes to improve this blockchain network.
Currently, improvements are being made to the Shiba Inu burning program. There are also plans to integrate the Layer-2 blockchain, Sharum, to mitigate transaction costs and improve its efficiency. These are signs of a blockchain that won’t be abandoned, making it suitable for investments.
6. SHIB Market Cap
An indicator of a performing cryptocurrency is its market cap, and Shiba Inu is one of the best in this area. At the height of its glory in 2022, SHIB had a market cap of $44 billion. Even now that it’s far from its glory days, this token has a market cap of $18 billion and ranks 11th on CoinMarketCap. All of this shows the potential of Shiba Inu.
7. Price Prediction
Although SHIB is still a long way from its projected value, no one in the Shiba Inu community believes it’s impossible. Top analysts have looked at this coin and predicted that it can hit the $0.01 mark between 2033 and 2040. By 2040, this memecoin is predicted to hit a maximum price of $0.029.
All these Shiba Inu price predictions show that by 2040, this token will have increased by over 30,000% from its current price. This kind of potential is more than enough reason to invest in any cryptocurrency.
8. Shiba Inu Can’t Be a Security
The recent war that the United States Securities and Exchange Commission waged on cryptocurrencies hinged on the fact that they were labeled securities. SHIB, however, cannot be labeled a security, as it doesn’t satisfy the framework of the Howey Test. That’s because the platform’s underlying contract does not involve cloud mining, and neither was SHIB’s launch profit-oriented. If the Securities and Exchange Commission (SEC) decides to restart their war in the future, your funds are safe.
9. SHIB Is Listed on Many Centralized Exchanges
One of the biggest indicators of a legitimate cryptocurrency is when centralized exchanges list it. At the moment, Shiba Inu is listed on more than 90 centralized exchanges and many more decentralized exchanges. Some of these exchanges include KuCoin, Binance, and Kraken.
10. Shiba Inu Serves as an Alternative Payment Method
The Shiba Inu puppy has integrated well into our financial system, so you can use it like your credit/debit cards. You can use this coin to gamble at online casinos, shop for clothes online, or buy the latest tech. All of this shows that this memecoin has real value.
11. No SHIB Tokens Are Locked up
Shiba Inu is supposed to have 1 quadrillion coins in total, and over 410 trillion have been burned. The remaining 589 trillion SHIB tokens are all in circulation. This means that no tokens are locked up somewhere, and no one can manipulate this blockchain’s ecosystem.
12. Celebrity Investments
There are quite a few well-known personalities that have invested in Shiba Inu, and they are quite vocal about it. Some of them include bodybuilder Kai Greene, Backstreet Boys singer Nick Carter, footballer Antonio Brown, and rapper Ice T. These celebrities saw the potential in this coin and decided it was good enough for them to sink funds into it.
13. Clear Roadmap
The SHIB roadmap is clear and open to all investors. This instills confidence in investors, as they can track the progress of their investments. It also makes them certain of the future of this blockchain.
14. Transparency
Nothing goes on in the dark on the Shiba Inu blockchain. There is consistent communication between the development team and the SHIB community. This keeps everyone up to date on all that goes on and builds trust in the community.
15. Passive Income Opportunities
If you are scared of trading cryptocurrency and potentially losing it, you can just go the low-risk route of staking. Shiba Inu holders can stake their coins, which can be used for daily transactions on this blockchain. In turn, they receive a source of passive income, as this blockchain gives them something for their investment.
Conclusion
Shiba Inu is a memecoin that has made consistent progress in its value since its inception. It has a strong community, an open development team, a clear roadmap for the future, and many positive Shiba Inu price predictions. All of these are hallmarks of a profitable investment and things worth considering if you want to join the SHIB army.
