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Home » News » Top 5 Reasons to Invest In Shiba Inu Today

Top 5 Reasons to Invest In Shiba Inu Today

Shiba Inu already is blessed with a good ecosystem and with the Shibarium update on the tract, it could reach new highs in the coming days

PUBLISHED BY

Coingape Staff

JANUARY 23, 2023 9:00 PM

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Meme coins like Dogecoin and Shiba Inu have been supported by many celebrities, tech leaders, and big-name investors. There are all kinds of reasons why you might want to invest in Shiba Inu and we present you with the top 5 among them.

Shibarium Could be a Big Boost

Shiba Inu already is blessed with a good ecosystem. The Shibarium is just the cherry on top. According to the creator of this meme coin, Shibarium is going to add even more advantages to the ecosystem. It is a layer 2 solution that will extend the features of SHIB.

Does have a potential

At present, there are over 20,000 cryptocurrencies in circulation and at least 50-100 tokens are getting launched every day. However, not all of them can be considered good investment options. Walking in the same way as Dogecoin, Shiba Inu was successful to surpass the first meme coin in the industry. History can repeat itself in the future.

Shiba Inu is an ERC-20 token

Many people still wonder why investors choose Shiba Inu over Dogecoin, which indeed was a trendsetter in the first place. One of the key differentiators between the two is SHIB’s status as an ERC-20 token.

Acts as Penny Token

When cryptocurrencies like Bitcoin and Ethereum are priced at US$22k and US$1.6k respectively, buying a single token might be a big task for a commoner. On the other hand, SHIB is under $1 with many promising future price surge possibilities.

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Metaverse plays a Crucial Role

Because of the Metaverse platform, the SHIB price is expected to create a new high in 2023. Currently, Shiba Inu is trading at $0.00001212 with a 24-hour trading volume of $390,155,033. If we take on the words of many SHIB enthusiasts then this meme coin does have tremendous potential when it combines effective market strategies with positive market sentiment.

Coingape Staff 

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

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