If you are curious about the world of cryptocurrencies, you must want to get acquainted with the latest coins or currencies of the virtual world. Digital currencies are no longer limited to the popular bitcoin. New letters and titles are now open to the volatile market of these currencies and active users can have more choice for investing and their various cryptographic activities. Shiba Currency is also a cryptocurrency that continues to grow on the road of cryptocurrencies. These cryptocurrencies are the same as other young currencies like Dodge Quinn. In this article, we will introduce you to Shiba Currency.
What is Sheiba Currency?
What is Shiba Inu currency and what is its place in the world of cryptocurrencies? Shiba Currency or Sheiba Token is a decentralized cryptocurrency that was born in August 2020 (around 10 August to 10 September). The creator of Shiba, like Bitcoin, is unknown and is said to have been created by a person named Ryoshi.
You may know that Shiba is a breed of Japanese dog and is also a symbol of Shiba currency. The currency has come to the fore with the claim of ousting Dojquin, and is even called the doge-coin killer. Shiba, with her funny symbol that she is a furry dog, is climbing the ladder of ciphers and it remains to be seen what her fate will be in the coming days and months.
History and the beginning of Shiba Ino
As mentioned, Shiba currency entered the world of cryptocurrencies around August 2020. From the very beginning, its goal was to compete with the Dodge Quinn, which itself has grown exponentially. Shiba, like many other cryptocurrencies, operates in the context of Atrium’s decentralized network. This currency is not like Bitcoin, which has its own blockchain and is based on the Atrium network.
Remember that Shiba’s currency is a meme-coin, like a dojo coin. These types of coins or tokens step into the real world of cryptocurrencies based on a joke in cyberspace, and the starting point of their activity is a joke plan; In other words, they do not enter the world of cryptocurrencies with a clear goal and vision full of official and important strategies, but they open their feet to the foreign exchange market with sarcastic controversy and hype in cyberspace, and then thrive by finding fans in various specialized communities.
How does Shiba Currency work?
Atrium is a network without nuclear and central monitoring; That is, it has a decentralized structure and allows users to carry out their various activities freely and without the supervision of specific governments and organizations. Shiba Ino is also available on the Atrium network. Shiba Inu operates in the atrium and does not have its own blockchain, which is why Shiba is not a coin and is in fact a token.
Shiba Currency started with about 1 quadrillion. Of course, you may not know what a quadrillion is. This unit is something like a million and a billion, which is called 10 to the power of 15; So the number of initial slopes in the cryptocurrency market was 1 quadrillion. Ryoshi, the creator of Shiba Currency, initially made half of the tokens available in Atrium and gave the other half, valued at about $ 1 billion, to Vitalik Buterin, the creator of Atrium. Later, Butrin also donated this amount of Shiba currency to the Indians to help control the Quaid 19.
Currency Sheiba and Ilan Mask
One of the most important factors in the growth of cryptocurrencies is the attention of specialized communities and famous and influential people in the world of entrepreneurship and investment. What is meant by specialized communities? It refers to people who specialize in various fields, such as programming or entrepreneurship, who collectively and uniformly advocate for currencies and have a positive effect on the attraction and trust of public opinion and different people.
Elon Musk is one of the famous people whose comments have a great impact on the world of cryptocurrencies. As you probably know, he owns the big car company Tesla Motors (Tesla) and is influential and important in the world of entrepreneurship and business. Mask comments about Shiba Currency have helped the rapid growth of this digital token. What did he say? Ilan Mask tweeted about his dog Sheba Inu and he wrote on his Twitter page:
My dog’s name will be Sheba Ino Floki.
This seemingly simple tweet was the factor for the 25% growth of Shiba currency in a few hours, after the publication of Mask tweet. As if this mask tweet was an indirect message about his attraction and devotion to Shiba Currency. not interesting?
The current value of the currency and the forecast for the future
At present, around July 2021 (July 1400), the value of each Shiba Inu token is approximately $ 0.000006. This figure is estimated to be equivalent to 0.1 Tomans. Forecasts say that if Shiba Ino’s growth is around 20% per month, it could reach $ 1 in the coming years, around 2025. One of the value and price strategies considered for Shiba currency is this: lower price attracts more attention and plays an important role in the growth of popularity and acceptance of digital currency.
What are the advantages and disadvantages of Sheiba currency?
Every cryptography has its advantages and disadvantages that you should pay attention to in order to know it better. Let me tell you about the advantages and disadvantages of Sheiba currency:
- High fluctuations in Sheiba currency help those who are looking for short-term investments to make good profits from this market. In general, it is better not to count on currencies such as Dojquin and Shiba for long-term investments.
- The price of these cryptocurrencies is low and therefore, it allows those who can not afford to buy popular currencies such as bitcoin to enter the cryptocurrency market. At the same time, forecasts indicate that the value of Shiba will increase in the coming years.
- This token has the potential to become widespread in the world; This means that it is simple and easy to work with and can connect different financial connections from different parts of the world in the context of a decentralized network that operates. The existence of a global currency that does not operate under the supervision of governments and nations and time-consuming and strict rules, makes financial and monetary relations in the world very easy and attractive. The steady volume of transactions that have been made with Shiba so far shows that it is a good option for globalization.
- Shiba Currency does not operate on its own decentralized network platform. This makes it less likely to compete in future prospects than other cryptocurrencies and not be able to compete vigorously with them. Lack of strong technical infrastructure is one of the weaknesses of currency.
- The name of these cryptocurrencies does not give it the ability to produce extensive content at the cyberspace level. Why? Because, as mentioned before, Shiba Ino is a breed of Japanese dogs, and by searching Shiba Ino, a lot of content about these dogs is provided to users. This means that there is a small gap between users and the information they need about the Shiba Inu token, and this is not desirable.
investment; Should we buy Sheiba currency or not?
To enter the field of cryptocurrency investment, you must have open eyes and complete information. If you hit the water hard, you will definitely fail. The price of cryptocurrencies is affected by various factors and fluctuates a lot; Sometimes at the top and sometimes at the bottom.
Your portfolio should be able to withstand the price fluctuations of these new currencies to the world of economics and investment. Forecasts say that the growth trend of Shiba currency will be good and favorable; But again, you should not take the risk and focus your entire portfolio on buying a particular coin or token like Shiba Ino. Always have a diverse portfolio or portfolio with traces of any financial background.
Do not forget that you have to invest as much money in the world of cryptocurrencies as you can afford to lose; This means knowing that the fluctuations of this market are very high and you may lose everything you have bought with a sudden decline. Know the strength of your risk before buying and investing.
Where can we buy Sheiba currency?
There are two ways to buy Sheiba currency: either go to domestic exchange offices that sell this currency or get help from foreign exchange offices. Domestic exchange offices allow you to buy Shiba digital currency very simply and easily. To use foreign exchange offices, you must have an account in them and sometimes you need filter-breaking programs, because Iranian users are not allowed to use the services.
After purchasing Sheiba Currency, you should keep it in your hardware or software digital wallets. Electronic wallets are a space and a possibility to store passwords. If you are going to buy Sheiba currency from exchanges like Bainance, make sure that you first buy Tether, which is another digital currency, and then buy this currency with your Tetra.
Important exchanges in the world such as:
- Huobi Global;
- F. T. X (FTX);
- And… .
Support these passwords; So to buy, you can keep in mind these exchanges.
Shiba currency in Iranian exchange
As mentioned before, there are Iranian exchange offices where it is possible to buy cryptocurrencies. Ramzarz Sheiba is also available in exchanges such as ok-ex. With a simple search on the Internet, you can identify Iranian exchange offices to buy Sheiba currency. Just pay attention to their security, the number of active users in them and the necessary licenses to provide services in this area.
at the end
Shiba Currency and all the cryptocurrencies and tokens that are added to the cryptocurrency market and world are a step towards the development of new technologies. Decentralized networks and virtual currencies are new technologies that can change the future of many financial, political and social relations at the international level.
So, if you are curious to discover new areas of investment or you want to keep up with the world and always understand new technologies and new relationships, look for cryptocurrency news and learn about its new members such as Shiba Currency. Do you want to buy this?