From $17 to whopping $ 6.5 million: How Shiba Inu holder became millionaire?

 The Shiba Inu, a doge assassin, is the newest trend in the cryptocurrency sector. According to news, a crypto enthusiast purchased nearly 200 billion Shiba tokens for just $17 in October 2020, and as the demand rose, he profited nearly $6.5 million from the tokens. 

In the crypto currency market, the Shiba Inu is the flavour du jour. Since it is the newest to reach the market, it is attracting a lot of interest and has become a popular option among investors, particularly in light of the recent downturn in cryptos like Bitcoin and Ethereum.

The new crypto currency, dubbed the "DogeCoin killer," is causing a stir in Indian markets. It has a market capitalization of more than $13 billion, while Dogecoin has a market capitalization of more than $61 billion.

Shiba Inu, also known as Shiba Token, is a decentralised cryptocurrency developed by an unknown individual known only as "Ryoshi" in August 2020. The "DOGE killer" token was inspired by Dogecoin and has a market capitalization of over $3.5 billion as of May 2021. 

Shiba Inu, dubbed the "Dogecoin Killer," has risen in the crypto industry. Shiba Inu joined the realm of cryptocurrency based on the emblem of the ‘Doge' itself. Since last week's meltdown, it was up by more than 20%. 

At the time of publishing, the value of Shiba Inu (25th May 2021) has fluctuated between a 24-hour low of $0.00000809 and a high of $0.00001198. Shiba Inu's market capitalization was $8.65 billion.

Shiba Inu goes up by 20% as the crypto world recovers; Here are price prediction;

Shiba Inu was also a survivor of last week's crypto-meltdown, which saw all big cryptocurrencies such as Bitcoin and Ethereum plummet dramatically. Since reaching an all-time peak in early April, Bitcoin and Ethereum have now lost half of their worth.

So is this the right time to buy Shiba Inu?

Yes, now is a good time to buy because the price has been steady. Isn't it amazing that you can get 

7,000 SHIB coins for just Rs 100 right now? You should also hold off for a while, as the price is likely to drop.

How to Buy

If you are looking to buy Dogecoin or Shiba Inu coin, you can use these app or side:

The coin can be purchased on websites such as CoinDCX, Binance, and Coinbase. UniSwap would need buyers to add their sponsored cryptocurrency wallet.

For example, Shiba Inu crypto coin is not mentioned on CoinSwitch Kuber at the time of writing, but it can be exchanged on CoinDCX or WazirX. You will only buy cryptocurrencies by moving funds from your bank account to the app's bank account, and then adding the money to your pocket.

What is ShibaSwap?

ShibaSwap is Shiba Inu's decentralised cryptocurrency exchange, which allows customers to exchange Shiba Inu with other cryptocurrencies. Supporters characterise the coin as a "secure space to trade your precious crypto while remaining decentralised," according to its supporters. ShibaSwap is undergoing security reviews, audits, and final upgrades to ensure a stable launch.