Shiba Inu Coin (SHIB) is a decentralized cryptocurrency launched in 2020 by anonymous developer Ryoshi. It is based on the Ethereum blockchain and has a large supply, on-chain governance and an active community. You can buy, sell and trade on cryptocurrency exchanges that support Shiba Inu Coin, but be aware of its high volatility and invest with caution.
What currency is Shiba Inu Coin?
Shiba Inu Coin (SHIB) is a decentralized cryptocurrency launched in August 2020 by an anonymous developer Ryoshi. Its name and logo are derived from the popular Shiba Inu meme.
Features of Shiba Inu Coin:
How to buy, sell and trade Shiba Inu coins?
1. Create a cryptocurrency trading account:
Sign up for a cryptocurrency exchange that supports Shiba Inu Coin, such as Binance, Huobi or Kraken.
2. Deposit funds:
Deposit fiat currency or other cryptocurrencies into your trading account.
3. Purchase Shiba Inu Coin:
Buy Shiba Inu Coin using fiat currency or other cryptocurrencies through the exchange’s spot trading platform.
4. Store Shiba Inu Coin:
You can store Shiba Inu Coin in an exchange wallet or transfer it to a private wallet such as MetaMask or Trust Wallet .
5. Sell Shiba Inu Coin:
If you want to sell Shiba Inu Coin, please create a sell order on the exchange’s spot trading platform.
Notes on trading Shiba Inu Coin:
Shiba Inu Price Trend Analysis
Shiba Inu (SHIB) is currently trading at $0.00001396 per coin with a 24-hour trading volume of $215 million.
Recent Changes
SHIB price increased by 1.11% in the last 24 hours. This increase is mainly attributed to the overall market rebound.
Factors affecting price movements
Future Price Trend
In the short term, SHIB price is expected to continue to fluctuate around current levels. However, if market sentiment continues to improve, prices may rise further.
Action Recommendations
Due to recent price increases, investors may want to consider taking profits. On the other hand, those who believe in the long-term potential of the coin may consider buying on the pullback.
Short Term Trend Forecast
SHIB price is likely to continue trading between $0.00001350 and $0.00001450 in the short term.
Key indicators
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