IMAGE: SHIBA INU WEBSITE
The Shiba Inu Coin (SHIB) has been trending in the crypto community over the past few days. Ever since the hype behind Dogecoin died down a bit, many new crypto enthusiasts are busy promoting the Shiba Inu Coin. However, since the May 19 crypto crash, the price of Shiba Inu has dropped significantly, which has lead to many people asking - is Shiba Inu coin dead? Read on to know the Shiba Inu price prediction for June 2021.
While making crypto price predictions can be difficult, there are many crypto experts who have given their Shiba price predictions. According to Wallet Investor, the price of Shiba will reach around $0.000030 by June 2021 and could rise up to $0.000048, by the end of the year. As per Gov.Capital, the price of Shiba could reach $0.000025 by June 2021. The Global Coverage has a more positive outlook, predicting that Shiba Inu could reach a price of $0.000085 by June 2021. However, price predictions should be taken with a grain of salt.
According to their official website, the Shiba Inu Token (SHIB), is an experiment in decentralised spontaneous community building. The creators of this token have created it from inspiration from Dogecoin. However, the creators of Shiba Inu aim to make SHIB more than just a joke. The SHIB Token is an ERC-20 compatible with the Ethereum network. The Shiba Inu has been called 'Dogecoin Killer' by its community.
This cryptocurrency has quickly gained worldwide attention, in part because of the rising popularity of Dogecoin. The Shiba Token is also supported by a large community of coin holders who support and promote the coin on social media like Reddit and Twitter. Such coins can lose their value very fast if the market loses trust in them. People should be wary before investing in coins like Shiba Inu, Safemoon etc, as these can bring quick profits but can also leave you with huge losses if they crash. However, if investors want to buy Shiba Inu Coin, it can be bought on Binance, Sushiswap and a few lesser-known crypto exchanges. In India, Shiba Inu is available to buy on WazirX.