When Dogecoin became popular, the crypto world did not stand aside and gave birth to another meme "dog" - Shiba Inu ($SHIB ). The token, which started as a parody, suddenly shot to the top, gathering an army of fans and attracting the attention of investors. But is this the next big project or just another bubble?
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Why does the Shiba Inu attract attention?
1. "The Dogecoin Killer". Shiba Inu positions itself as a competitor to Dogecoin, but with a better ecosystem. This is not just a meme, but a whole "dog" world with DeFi, NFT and even its own metaverse - Shibaverse.
2. The price is affordable for everyone. Anyone can buy 1 million SHIB, even if they only have a few dollars. This creates the illusion of wealth: you have millions of tokens!
3. Burning coins. The project actively reduces the number of tokens in circulation to increase their value.
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But not everything is so simple
1. Hyperemission. The total number of SHIB is over 589 trillion tokens. This is even more than the promises of politicians before the elections.
2. Speculation. Shiba Inu is not growing because of technology, but because of hype. One mention on Twitter from someone like Elon Musk and the price goes up. Without it, it falls.
3. Serious risk. Like Dogecoin, SHIB is less about "investment" and more about excitement.
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How is Shiba Inu different from Dogecoin?
Technology. Shiba Inu runs on the Ethereum$ETH blockchain, which allows the use of smart contracts. Dogecoin does not have such "chips".
Decentralization. ShibaSwap is a decentralized exchange for SHIB fans. Dogecoin does not offer such entertainment.
Market. SHIB is heavily used in metauniverses and NFTs, while Dogecoin$DOGE is still a "digital tip".
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Why should you buy SHIB?
1. The possibility of breaking the kush. If you bought SHIB for $10 in 2020, you would be a millionaire today. But will it be lucky again?
2. Availability. This is a cryptocurrency that can be bought "for change".
3. Hype. When millions of people get excited about a token, the price has a habit of going up.
