Shiba Inu Coin Price & How to Buy it?
Shiba Inu is a cryptocurrency token that recently becomes very popular. You can now purchase it using most of the world’s largest cryptocurrency exchanges including Binance. After Dogecoin’s fall, Shiba Inu is constantly rising and making huge profits for his holders. There is a huge increase in the price of the Shiba Inu token price from March and now its price is at 0.00003111 on 12 May 2021.
You can buy Shiba Inu on following exchanges?
- Huobi Global
How to Purchase Shiba Inu using Binance?
Binance lists the Shiba Inu Token on its exchange on 11th May. You can now purchase it on Binance using the trade option and you can trade it using USDT and BUSD. If you are new to Binance you have to make an account on Binance and then you have to verify that account in order to make purchases of coins there. The verification process includes uploading your National identity card or driving license and face verification. This process is known as KYC on Binance which mean know your customer. You can purchase there using P2P trading or using your debit or credit card. The P2P trading has no fees on Binance.
Relation between Shiba Inu & Dogecoin?
Shiba Inu is a rival to the most popular cryptocurrency dogecoin they called it a Doge Killer. The token has 271.8k followers on Twitter and the number of the account holder of the Shiba token has increased from 150K to 300k recently which is showing significant signs of his future growth as demand for Shiba Inu is increasing. The Shiba Inu has a significant effect on Doge after SNL as a little bit of the Doge Community become dishearten and convert their coins to Shiba Inu token after the significant rises.
Risks with Shiba Inu Token?
Shiba Inu token carries a higher risk. 50% of tokens of Shiba Inu are in the hands of just one person. The co-founder of Ethereum has 50% of Shiba coin tokens as the creators of Shiba tokens give him a gift. He is the biggest beneficiary of the increase in the price of the Shiba token which adds $11 Billion to his net worth.