Everything You Need To Know About SHIBA INU
Hey what's Up Good People, Am Here Once Again With Another Interesting Topic About SHIBA INU....
NOTE: This Isn't A Financial Advice, What Ever You Read Here Doesn't Mean You Should Buy Hold Or Sell Any Stock.... Am Just Giving Some Fact Due To Some Research And News From The SHIBA INU Developers...
"This Might Be A Long One So Hang On Tight Because Am Going To Emphasize More About SHIBA INU, When It Was Being Listed, Its Total Supply, Who Created The Token, Its Aim etc..."
Is SHIBA INU A Coin Or A Token??
I wouldn't want to give the answer right away, I have come to realize that most use the term "Coin And Token" interchangeably and they don't know what differentiates a Coin from a Token so here is what might seems to be my own explanation of it....
COIN: A Coin is a crypto currency that operates independently and it doesn't require any help from any platform in order for it to operate, it simply means it has its own block chain...
List Of Coins
BTC
BCH
ETH
LTC
TRX
BNB
DASH
ZEC And More...
All these are coins and they do have their own block chain.... They don't depend on any platform in order for them to function...
TOKEN: Tokens are being created under a block chain, which means they don't stand on their own and they depend on a block chain in order for them to function and operate....
Lists Of Tokens
SHIBA INU
BANCOR
THOREUM
CHAINLINK
TETHER USDT
MAKER And More...
Tokens that are being built on the Ethereum network are similarly known as the Erc20, and those that are being created on the Binance network are similarly known as the Bep20 Tokens...
Well I believe most people have come to understand the difference between both Coins And Token, with that being said it simply means SHIBA INU Is a Token and its not a Coin and it operates under the Ethereum Network Which Means Its a Bep20 Token...
Brief History Of SHIBA INU
Based on my research SHIBA INU was being created in August 2020, it was being created by an anonymous user named Ryoshi....
SHIBA INU was being listed and the price was around $0.000000000056 per coin, and it was being Listed with the total supply of 1 Quadrillion....
The total supply seems too much right?? News flash after a while half of its supply was being sent to Ethereum Founder ( "Vitalik Buterin" )...
They burnt almost half of its supply and with that SHIBA INU got the chance to go over X200...
GOOD NEWS TO ALL SHIBA INU HOLDERS
The SHIBA INU Developers have lunched the burn portal about two days ago and they seem to have been a massive coin burn ever since, in the first 24 hours it was being said that over 8 Billion coins were being burnt and that's good for a start...
This was from their official twitter page, the burn portal seems easy to use and it was being created for the SHIB ARMY, holders are buying and at the same time burning from their own coins....
A lot of people have been burning about 10% of their holdings, the official burn address is there on the burn portal and after the coin is being sent to the address it can never be gotten back so in other words it has been destroyed and will be reduced from its circulating supply...
I know a lot of holders have been discouraged by seeing the circulating supply not getting any lesser, after all the coin burn the total supply still looks the same and it doesn't decrease...
So here is my opinion, a lot of source's have been saying they have to burn up to a trillion before its going to reflect on different exchanges....
SHIBA INU aim is to hit a penny and I believe with this new feature the holders are certain that it might not take long before the $0.01 goal will finally arrive...
SHIBA INU To $0.01???
The burning rate looks slow and if things keep going this way it might be impossible to burn 1 trillion coins before the end of the year... The good news is each day the burn rate keeps increasing and with this kinda energy SHIBA will stand a chance for another bull run...
Am sure there is going to be a huge coin burn from the SHIBA INU Developers themselves, well who knows what they intend on doing... But the target is to see SHIBA INU circulating supply go below 300, if it does then its certain SHIBA INU can hit and get pass $0.10....
Lately there has been a rumor that micro and telsa intends on adopting SHIBA INU, though there are just rumors and no one knows what might happen next...
Good News To The Doge Holders
Doge has been down bad for a while now, and its still struggling to even hit $0.20, twitter announced $44 billion dollar agreement with elon musk and he plans on using doge coin as a tipping system on twitter though it has not been confirmed yet...
Sounds like a great idea right??? Its gonna be of use to both k9 coins "Doge And Shiba Inu", if there should be room for doge coin then they would also be a room for shiba inu...
Doge coin seems to be the first meme coin and based on its influence a lot of people bumped in and most times the hype do strengthen K9 coins....
Lately it seems impossible for both doge and shiba inu to hit their ATH due to the current situation of the market, I know SHIBA INU would definitely taste a new ATH if the bear market comes to an end...
Lately crypto market isn't stable and it doesn't seem like the market is going to be bullish due to the high rate if inflation...
What do you see 2022 as?? Is it going to be a year of bear market? Or we might only get to experience a bull market by the end of the year?? I would love to hear your thoughts so let me know in the comment session down below....
Stay tuned if you still want to get more update about the SHIBA INU coin...
Thanks For Reading, Stay Strong SHIBA ARMY, WOOF!!
You Can Also Visit My Previous Article Where I Talked About SHIBA INU, Click On The Links Down Below....
To The Moon
