After the significant rise of Dogecoin, many investors have become millionaires. It looks natural and also waiting for the next hype cryptocurrency before it takes off. For example, just think about that if you have invested more than $100 in Dogecoin in the last year, you could have gained an excess profit on it when Elon Musk appeared on SNL.
While most of the investors are still holding Dogecoin and also hoping that it goes up again, others are started to focus on other cryptocurrencies which give more return on investment.
Now!, Why investors are facing the SHIB coin?. Here are the 4 major reasons to buy the Shiba Inu coin before it goes to the moon.
1. The hype
Hype is one of the major factors behind a lot of crypto investments nowadays. SHIB is one of the upcoming popular cryptocurrencies and also it creates hype among investors now. A lot of peoples are already started to look into this and fanbase backing it and investing in it. We can't deny that how dogecoin performed well in the last year and all the coins are creating hype based on the meme. Yet, millions of peoples still investing billions of money in it. Like Dogecoin, SHIB can make it. Many of them are saying it as "The Dogecoin Killer". Once again, I would say. Meme makes profits.
Unlike Bitcoin, there’s no research or information available about how Doge has a possibility of being stable crypto or the future of money. There is information readily available about how it’s almost impossible for Doge to become anything at all in the future.
2. Very cheap
At the time of writing this article, the price of SHIBA INU is $0.000008121. For $5, you can buy 613,011 no of SHIBA coins with a minimal fee. This is very cheap. There are many possibilities to make lots of profit in the future. At least with SHIBA INU, you can hold the coin as much as you want to sell before. But the price of this coin pushed me to buy more. Even if I paid $5 to buy 613,011 amount of coins and also the price falls in the future, it will not consider it a big loss.
3. Have watched this before
A year ago, the cost of a Dogecoin was $0.0025. Now the price is around $0.312. This is a WOWSOME rise in the price within the 12 months. I am saying that, don't look at the possibility of SHIB like how it's happened to the Dogecoin. Keep your hope on it.
4. Requires minimal fee to buy SHIB
Buying the Shiba Inu token on the Ethereum network was more expensive. It makes me nonsense to buy a minimal dollar worth of SHIB coin for a heft fee over the Ethereum network. Now, this has changed better. Most of the exchanges have been listed SHIB tokens, so you can buy them at a low fee instead of spending more money on the Ethereum platform.
Paying fees to the various brokers can efficiently limit every people from investing in digital currencies. More fees can make fewer profits, high risks, and discouraging investors to proceed further. With many crypto exchanges coming up, it increases competition between the exchanges and makes them decrease the transaction fees.
At this moment, you can buy SHIB tokens from various exchanges such as Kukoin, Uniswap, Huobi Global, etc, at the lowest fee and also earn the excess amount of money.
Are you from India? Looking for the best place to exchange SHIB to INR?
And also,
Do you want to know? How to buy Shiba Inu Coin in India?
Then.
I would suggest "Koinbazar", India's most trusted and leading cryptocurrency exchange platform where you can buy, sell, and trade Bitcoin (BTC), and other types of cryptocurrencies at a minimal fee when compared to the other exchange. Koinbazar supports instant INR deposit options which help to deposit funds instantly.
Wrapping up:
The hype behind the Shiba Inu coin right now is more and wait for the moment to reach its sky-high. Investing money in digital currencies could gain more profits with a few months or a year. We have already experienced Dogecoin and it is also likely to happen for other cryptocurrencies ever than before.