Shiba Inu crypto: Should you invest in this empty token or switch to it?

You've probably already heard of the Shiba Inu, right? Often, we mention it when we talk about Dogecoin, to the extent that it draws strong inspiration from it.

Moreover, the creator of the Shiba Inu was said to have wanted from the start to create this token to compete directly with it. The idea was to make one Dogecoin Killer since the expression "killer" as you know is widely used in the world of cryptos.

As a reminder, we remember that dogecoin is a hoax and that it was created by copying the code of Luckycoin which itself is a variant of Litecoin, which itself is a fork of Bitcoin. And, if we've heard so much about it, it's because it peaked at $0,68 this year. A speculative heresy, especially if we know its history.

There is also something you should know, the exponential rise of dogecoin in this year 2021 has given ideas to a few people looking for a good deal. You weren't aware?

Haven't you seen tokens of purebred dogs, each one more eccentric than the last? Haven't you heard of Doge Cash? Dogelon Mars or Akita Nu to name only the most recent?

Among all these tokens, only one really stood out. This is the Shiba Inu (SHIB). Its expansion was evident from its availability on Binance. It made so much noise that the market capitalization had reached the monstrous sum of 9 billion dollars.

Many people who had missed the doge corner boat turned to the Shiba. With the following reasoning: Fultimately, if a joke like dogecoin could have experienced such an increase, most certainly, it will be the same thing with the Shiba Inu? So let's go!

Moreover, Shiba Inu also wants to copy the state of mind of dogecoin. He is inspired by it and absolutely wants to focus on the community side of this crypto. Crypto aims to be light and funny, feeding its community with memes and jokes.

What is the difference between Shiba Inu and dogecoin?

There are actually three big differences between the two:

The first one, it is the story of creation. While Dogecoin was created without the idea of making a profit, SHiba Inu was clearly designed to be profitable. The doge coin has become profitable almost in spite of itself, we want to say. It’s casual, which also creates community trust.
The second difference, this is the tokenomics of each of the cryptos. For the doge coin, the quantity is unlimited while that of the Shiba Inu has been planned at 1 quadrillion. The founders of the Shiba Inu also offered half to Vitalik Buterin in a great commercial/marketing action. That said, you should know that Vitalik donated the entire amount to charity and he also declared that he burned some (remove it from circulation forever). Likewise, there are two other tokens created in parallel: Bone and Leash.
The third difference and not least, it is that of the very structure of their identities, to put it that way. Basically, doge coin is a cryptocurrency that runs on its own blockchain. For the Shiba Inu it is different, it works on the Ethereum blockchain and it is therefore a token. Founder Ryoshi said he chose the Ethereum network for its flexibility.

What is the purpose of the Shiba Inu?

According to the founder who received criticism in the face about the fact that his token is useless, the Shiba Inu has a real use. In fact, according to him, the goal of Shiba Inu is to create a decentralized exchange: Shibaswap.

How is it different from other exchanges, you ask?

Well, this one would ideally be a faster and cheaper exchange, as Ethereum 2.0 rolls out. Yes, another DEX, nothing very innovative, in fact, I agree with you…

Final words on the Shiba Inu token

Honestly, I want to tell you that SHIB is a token like there are plenty of. Especially in recent months, tokens that follow trends that are very simple to create (you can create your own as it is technically accessible!).

We, personally, on Zonebitcoin, the same corners are not at all the kind of tokens we invest in. The project behind it has nothing concrete. It is a joke token, which may benefit some traders but which will leave many losers. It’s more of a social fair phenomenon than a serious token with real consideration for technology…

What can you do with shiba other than sell and buy them? So, the founders can embroider as they want and create additional services, this only drowns the intergalactic void of the project. Even Vitalik gave away those he had received, without scruple, feeling that the responsibility was too great to create enthusiasm for such a project, despite himself.

Sorry to be frank, but hey, one moment, it's good to say what we really think about this wave of tokens of people...

And especially, it is also and above all about philosophy and principle. Investing in meaningless tokens when there are lots of interesting, solid projects with real solutions...It's simply not beneficial for the entire crypto industry...

And you what do you think?

Disclaimer: The opinions published here are not necessarily the opinions of zonebitcoin. Contributors are still free to express what they think. Always do your own research before making your opinions, especially when it comes to investment.

To buy cryptocurrencies (simple way):