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Proclaimed as a ‘Dogecoin killer,’ the Shiba Inu token (SHIB) is now available in the crypto.com app. Alongside 100+ cryptocurrencies and stablecoins, including (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Crypto.com Coin (CRO), Shiba Inu (SHIB) is in good company.
What makes this coin so hot right now? Even without reaching 0.01 USD, and being well below a penny, it can outpace Dogecoin ‘exponentially’ to become the new shibe on the block. This, along with its meteoric rise, Shiba Inu looks like it’s here to break ground as one of the most fun and unique coins on the market.
As a ‘project built on the untamed wilderness of the future’ with an ethos to ‘move away from rigid financial structures,’ users are able to hold billions and trillions of them. With cryptocurrencies already creating a paradigm shift in how people perceive wealth, the founders of the Shiba Inu token decided that cryptocurrencies need to fight for the values of independence and decentralization.
In essence, it is community run, which means that users like you can join in the movement. The coin becomes stronger and stronger as more are willing to participate in the ecosystem. You can have a direct hand and engage with its community at large by simply owning a few tokens. With 2021 being a year that many will consider revolutionary in the cryptocurrency world, the Shiba Inu token is poised to have a lasting presence in crypto.
If anything, it will be remembered for its sudden rise in the decentralized world. The token rose, out of nowhere, to a Top 30 coin in market cap. The coin is an ERC-20 token on the Ethereum blockchain. The year 2021 being the year in which Ethereum applications surged to prominence, things are looking up for the Shiba Inu token. With a whole ecosystem of decentralized applications that are continuously making waves, SHIB looks to be the fun token that eases the mainstream into Ethereum and decentralized technology in general.
Cryptocurrency isn’t the only initiative that the Shiba Inu is involved in. They are also supporting 75 artists who applied to become a part of their first NFT venture. Along with that, a rescue Shiba initiative alongside the Shiba Inu Rescue Association will also be able to help out the dogs from which the token gets its namesake. Recently Vitalik Buterin donated 1 billion USD worth of the coin to a relief fund, which the Shiba Inu creators deemed as a humanitarian effort.
This shows that the Shiba Inu founders acknowledge that the cryptocurrency world is more than just coins. They know the impact that they are having on the general public with their ‘decentralized meme token’. Already cementing itself as a top coin in such a short amount of time, it’s safe to say that the Shiba Inu founders know how to make users engage with the cryptocurrency universe.
With the ability to spend it at over 60M merchants globally using the Crypto.com Visa Card, Crypto.com App users can purchase SHIB with USD, EUR, GBP and 20+ fiat currencies. The app makes it simple to jump right in, grab some SHIB and participate in a growing movement in the cryptocurrency world.