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Shiba Inu token was among the most famous cryptocurrencies in 2021. It is also the most volatile cryptocurrency in the market alongside Dogecoin.

Its prices fluctuate a lot, and sometimes it may not be easy to predict where the coin is headed. According to the Shiba Inu Coin News today, the token is currently trading at $0.000027.

When it first appeared on the Binance exchange, its price rose unexpectedly from $0.00001416 to $0.00005007. Unfortunately, the crypto took a quick rest after a few weeks.

If you want to know more about the Shiba Inu Coin, keep reading to understand what it is, the pros and cons of investing in it, and how you can purchase the token in the Shiba Inu Coinbase platform.

What is Shiba Inu (SHIB) Token, and What Does it Entail?

Different cryptos target different industries. For example, Kencoin mainly targets the adult entertainment industry while Shiba Inu crypto is best known as the meme coin.

It solely runs on the Ethereum blockchain and comprises 3 separate tokens; SHIB, BONE, and LEASH. The coin is also decentralized, and its ecosystem supports several projects like the decentralized Shibswap exchange and NFTs art incubator.

Like Bitcoin, Shiba Inu offers fast transactions, but the good news is that it is very affordable, unlike other coins. The crypto prices are constantly hitting the headlines as its price often fluctuates.

It can sometimes increase unexpectedly, and sometimes it takes steep losses. However, the coin is supported by Elon Musk and is expected to experience significant growth in the future.

Pros and Cons of Investing in SHIB

Unlike the Kishu Inu coin price, the Shiba prices fluctuate a lot. It can be a great opportunity of investing your money and gain returns in a matter of time.

However, you must understand how it works, including the advantage and drawbacks of investing in the token to know the way forward. They include;

Advantages of Investing in Shiba Inu

• Shiba Coinbase platform predicts an increase in the Shiba Inu prices in the near future. Therefore, you may choose to buy the coin right now and store it until its price increases.
• SHIB is a relatively new token in the market. Therefore, there is a high chance of benefiting from the coin’s high percentage growth.

• The Shiba Inu token is also influenced directly by Elon musk’s tweets. It is believed that whenever Musk endorses the coin, its price may rise.

Drawbacks of Investing in Shiba Inu

• There is a high chance of experiencing unexpected losses when investing in the Shib crypto. This is because the token experiences a lot of market fluctuations.
• If you want to gain profits, you must follow CoinWatch news to understand whether the token is affected negatively or positively by the market changes.

SHIB CoinMarketCap and Its Future Price Predictions

The Shiba Inu coin price may have skyrocketed in 2021, but what about the rest of the years to come? It is crucial to understand historical data, including its current market cap, to know if it’s worth investing in the SHIB token in 2022.

While many things may not be concluded or said about the Shiba Inu, historical data and recent predictions may help you understand the way forward.

Shiba Inu Historical Price Chart

Analyzing the Shib historical price chart offers you an advantage of understanding future Coinbase Shiba Inu prices. As the saying goes, you must know the past to understand the future. This also applies in the Shiba Inu price action among other tokens like the Leash coin price.

In the previous year, the SHIB token performed spectacularly in the market. It had 188 million views, surpassing Bitcoin with 43 million more views. It increased to almost 133% in only 4 days, reaching its highest price of $0.000088.

Although its price had begun to tank down slowly, it was clear that the Shib token had provided some satisfying results. Its all-time lowest price was at $0.000000000056.

By now, the coin is trading at $0.000027, which is quite an improvement, considering it has not been in the market for a long time.

Shiba Inu Price Prediction for 2022

The SHIB historical price action makes it hard to tell whether its price will rise or fall in 2022. But luckily, there are market analysts good at predicting future cryptocurrencies’ prices.

The meme coin took over the 2021 crypto market, but this does not mean that the coin will not appear anywhere in years to come. In fact, analysts say that the coin will most likely rise in 2022 or maintain its price.

According to the Crypto predictions, the Shibi coin is predicted to be at $0.000046 at the beginning of February. It might also maintain its price by the end of the month.

The table below should provide you with a clear picture of how the prices are most likely to fluctuate in 2022 as per the Crypto prediction;

Another thing to note is that the Shiba Inu has a circulating supply of 549,149,390,890,512 SHIB, with a trading volume of $912,430,543.

How to Purchase Shiba Inu (SHIB) Token

If you want to know how to buy SHIB, there are several options to use. You can use the Binance exchange platform or the Coinbase app to get your coins. Here is a step-by-step process of how to buy Shiba successfully.

Step 1: Create a Coinbase or Binance Account

The first thing you need to do is get an exchange account like Binance or Coinbase. Creating an account with these exchanges is very simple and won’t take you more than 10 minutes before you are done. Ensure you provide the correct details to avoid any issues.

Step 2: Add Your Preferred Payment Method

After creating an account, you need to select a payment method to transfer the funds successfully. You can either use a debit card or any other wire transfer you know of. Connect the payment method to your account.

Step 3: Begin Your Trade

Now that you have the money in your account, you should start trading. For example, you can buy Bitcoin, but since you want to purchase the Shib token, Ethereum should be the best crypto to purchase.

Step 4: Choose SHIBA INU From the Assets Listed

The next step is to go to the list of assets placed on your exchange platform. You can scroll the list or use the account’s search bar to find SHIBA INU. When you find it, tap it to purchase the coin.

Step 5: Fill In the Amount You Want

When you click ‘Purchase SHIBA INU,” you will be asked to enter the amount you want. You can get a converter to determine how many SHIB you are purchasing.

Step 6: Complete Your Purchase

Finally, complete your purchase and wait for confirmation details to show you have successfully purchased the coins. You can then hold your coins and wait till you are ready to trade or sell them. Binance platform allows you to do all that.

It is Worth Investing in Shiba Inu in 2022

Many investors hold on to the Shiba token, hoping it will rise in the future, but it isn’t easy to conclude that the coin will increase in value in 2022.

Depending on the predictions mentioned earlier, Shiba prices are likely to increase by $0.00001 and maintain their value most of the time.

Therefore, following Shiba Inu Coin news today is wise as they will help you know if the coin prices will rise or flop. Interactivecrypto will also help you know the best tokens to invest in.

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