Shiba INU Review – Legit Crypto?

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Hello my friends! Thank you for being here with my at my Shiba INU review. A lot of people have been talking about this new crypto opportunity. So I decided to take a close look. I do want to make something clear. This is not financial advice. I’m just sharing with you what I’ve learned about it, so you can make a more informed decision. So let’s get into this and let’s continue with my Shiba INU review.

Shiba INU Pricing

There are some important factors that you should know before you buy crypto. First we want to examine the price. How worth will it be to get into it. In this case Shiba is very un-expensive to begin with. But keep in mind that these new coins are usually going to be super volatile. So there is going to be a lot of movement, but that’s usually how it goes. I believe this is a very affordable option and it also has a lot of potential. When Shiba first started it did have a high peak and then it went down. But I want to remind you about something. You should never put any money that you can’t afford to lose. Don’t put any savings or get loans for this kind of thing.

How Popular Is Shiba

Another important factor that you want to look is how much attention is it getting. For example, if the media is talking about it, that is a very good thing. So in this case, the media has been talking about Shiva lately. This is because when they first started they implemented a smart strategy. They highly associated themselves with Dogecoin. They were saying that they were the ‘Dogecoin Killer’. So that definitely gave them a lot of attention in the media. This is huge because Dogecoin has the endorsement of some well know celebrities like Elon Musk and Mark Cuban. So you can only imagine why the media has been talking so much about Shiba. Let’s continue with my Shiba INU review.

Other News Factors

Here is some other news that are contributing to all of this. You might know Vitalik Buterin, but just in case he is the founder of the second largest cryptocurrency ‘Ethereum’. He just donated 50 trillion Shiba Inu coins (Around one billion dollars) to India this way helping with the Covid crisis going on over there. So this created something interesting. After this, now India allows people to buy Shiba. So this opened a new market for Shiba, so that is definitely a good thing for the coin.

So, since Vitalik burned all those coins I believe you can see that drop in the charts. But that is actually a good thing in the long run. There is a big chance that this coin will keep growing just because of this. This gave Shiba a lot of publicity on the news. You want to look at this in the long run. So even if you see huge drops you don’t want to leave right away. But again, this is why you don’t invest money that you can’t afford to lose. Take a look at the chart below:

Shiba INU And The Community

The other important factor is to look at the community aspect. Who are the people really behind this coin? So they have a mission to rescue many Shibas around the world. Just in case, Shiba is a dog breed. They also launched a community effort with Amazon for people to donate to this cause. So there is a very good cause behind this coin. I’ve also been able to see is that there is a vast amount of people supporting this coin.

In fact, there are tons of people promoting Shiba on the media and social media. There is definitely a big movement behind Shiba. The fact that Vitalik donated all those coins to India is really massive news. One thing that happens sometimes with these new coins it that people tend to forget about them over time. But in this case I don’t see that happening any time soon.

My Final Thoughts

So guys, they reality is that we don’t really know where this is going to go. It could just skyrocket or it could have a huge fall too. Again, this is why you only want to invest money that you can afford to lose. But I do believe this can be a good opportunity and there are a lot of good things happening with this coin. Since it has got so much attraction, maybe even more celebrities can talk more about it.

And at this point I think there is a very good chance for this to happen. Shiba is not a scam. But if you do decide to invest make sure you monitor what is going on every day and be smart about it. Let me know if you are investing in Shiba down in the comments section below. Tell me if you just got started, or how long ago did you do it. Would love to see what your success has been so far!

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Category: Investing