The Shiba Inu token is currently on the rise and this current rise is fueled by Elon Musk’s tweets. The price of the coin has gained with a huge increase in volumes over the past 24 hours. The coin could potentially reach 2 to 5 times the current price if the uptrend persists in the short term. The token is currently establishing a strong support zone near the $0.000011 region and the coin could clear another zero if the bulls can maintain the current rally.
How and where to buy Shiba Inu in Germany and elsewhere
Shiba Inu has become very popular in a short time and is readily available on many crypto platforms. To buy SHIB tOkens, you need to create an account on a crypto exchange/broker platform. The process of account registration is simple, and all you need to do is provide a username, password and email address. The Website will then contact you by email and ask you for additional information as part of the Know Your Customer (KYC) process required to keep the Website safe for all users. You must submit copies of your driver’s license and utility bill to comply with KYC rules.
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What is a Shiba Inu and why is it ridden?
The Shiba Inu token was developed as an alternative to Dogecoin. In the meantime, it has been extended by a DEX called ShibaSwap and will also support NFTs in the future. The coin gained great notoriety yesterday when Elon Musk tweeted a picture of his Shiba Inu dog. The Shiba Inu token began circulating on social media shortly thereafter and the price rally does not seem to be slowing down. The token could scale even higher and soon get rid of another zero if Musk can generate the same kind of publicity as he did with Dogecoin.
Should I buy SHIB today?
The SHIB token is currently on a huge upswing, and the early owners could make handsome profits if the price rise continues in the future.
The current price is attractive for retail investors and the upside potential for Shiba Inu is significantly higher.
This article is for information purposes only – none of the content should be construed as financial or investment advice.