If you had a scale to measure the weirdness of the cryptocurrency world, you would have felt the need to have another scale. The point—the cryptocurrency world continues to surprise the world with each dawning day. Talk about cars mining cryptocurrencies, digital coins based on memes, and whatnot.
Talking about meme-based cryptocurrencies, you can’t get anything weirder than Shiba Inu. That’s the name of a cryptocurrency that’s based on memes. The cute dog face marks the representation of this coin, and at times, you might confuse it with Dogecoin.
Don’t be fooled though, as you won’t find another coin that rivals Dogecoin more than the Shiba Inu coin. And to get into the details of Shiba Inu Coin, let’s look at its price first because it’s going to give you a huge shock.
Each Shiba Inu Coin is 0.000008481 USD right now. Is that five zeroes? Yes, that’s five zeroes before you saw any number with a value. The developers of this token believe that people are more interested in coins that are priced low. But how low is too low for people, that question remains unanswered due to lack of data from the nascent digital marketing industry.
The coin, however, might get a lot of people’s attention after what its team has achieved in recent days. Shiba Inu Coin has marked the biggest donation given in the form of crypto coins in the history of cryptocurrencies. How much you may ask? Hundreds of millions of tokens, right? No, that’ actually trillions of Shiba Inu Coins.
Despite it being completely outlandish and unorthodox, this coin remains vulnerable to the same factors that affect all other digital currencies out there. When Buterin donated trillions of these coins to help India, it resulted in giving a shock to the early investors, and in a blink of an eye, you had the Shiba Inu coin trading at half its price.
That’s probably meme-worthy for you if you have not invested in this coin, but a heart attack for those who had put so much money into it due to its small value.
It’s all speculation and expectation. You can’t really expect much from your investments in this coin at the moment. This token is based on Ethereum, and that has not proved to be a great choice in recent days for many.
Yes, you will love the sight of seeing millions upon millions of coins in your wallet when you buy Shiba Inu, but what do millions of grains of sand worth? That’s for you to decide before you invest your money into the weird side of the cryptocurrency world.