What is Shiba Inu (SHIB)?
Shiba Inu is one of the most popular cryptocurrencies in the category of coins that started as a joke, but turned into a serious project. The coin was launched in August 2020 with the aim of capitalizing on the success of Dogecoin, but it quickly took its place as an independent project. Shiba is known as the “Dogecoin killer,” and has a strong supportive community known as the ShibArmy.
Sheba Project: From Jokes to Seriousness
The Shiba project aims to create an integrated ecosystem that includes a decentralized platform known as ShibaSwap, which allows users to trade, stake, and provide liquidity. In addition, Shiba plans to launch other projects such as blockchain-based games and expand its uses in the field of decentralized finance (DeFi).
Rumors of Burning a Trillion Shiba Coins: Truth and Impact
Burning coins means sending a portion of the coins to an unused address so that they become unrecoverable and unusable. In the case of Shiba Inu, news has been circulating about plans to burn a trillion of its coins as part of a supply reduction strategy.
How does this affect the price?
When a large number of coins are burned, the total available supply decreases, making the coin scarce. This scarcity increases the value of the coin as demand remains constant or increases.
Latest rumors:
Although there has been no official announcement of burning a trillion coins yet, the community is strongly supporting this move as a tool to stimulate price growth.
Shiba Inu Trading: Halal or Haram?
The decision to trade Shiba coin from a legal perspective depends on the intention of use:
1. Halal project: If the goal of trading is to invest in a project with real value, such as ShibaSwap.
2. Haram Project: If the speculation is based on quick profit without considering the real value of the project, then trading may not be permissible.
Recommendation: It is preferable to consult religious scholars or legal authorities to obtain an accurate fatwa that suits your situation.
Shiba's strengths
1. Strong Community: Shiba has a huge fan base that continuously supports the project.
2. Continuous development: Launching new platforms and services enhances their value.
3. Low cost: The currency rate is suitable for small investments.
Weaknesses
1. High Volatility: Like other cryptocurrencies, Shiba is subject to high price fluctuations.
2. Lack of clarity of future vision: The project still relies heavily on community enthusiasm.
Conclusion: Is Shiba worth investing in?
Shiba Inu is an attractive option for those looking for a low-cost coin with the potential for significant growth. However, you should always exercise caution and do your own research before investing.
