HomeShiba Inu burns 2.6B SHIB in 7 days: should you buy Shiba Inu?

Shiba Inu burns 2.6B SHIB in 7 days: should you buy Shiba Inu?

Daniela Kirova

In a mysterious tweet "stayed tuned for March 30", Shiba Inu incited attention. Additional information on the Shiba Inu Lands and the Metaverse of SHIB might be provided. Rumours of an OpenSea listing have surfaced as well.

What we do know is that almost three billion SHIB was burned last week, with half a billion burned in 24 hours. The biggest single burning transaction was on March 22, with one billion tokens gone. 

This brief guide has everything you need to know about Shiba Inu, including whether you should buy it. Here’s where to buy Shiba Inu if you choose.  

Top places to buy Shiba Inu now

eToro

eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.

Buy SHIB with eToro today

Bitstamp

World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.

Buy SHIB with Bitstamp today

What is Shiba Inu?

Shiba Inu was created by a pseudonymous individual or group called Ryoshi in 2020. Almost nothing is known about them to this day. Regardless, Shiba took the internet by storm soon thereafter. Starting as a meme coin, like DOGE, its popularity grew tremendously.

It proved to be a very lucrative investment for some. It is compatible with the Ethereum Mainnet, unlike DOGE, and was created with this very purpose in mind.

Many analysts believe it will grow in value with time.   

Should I buy Shiba Inu today?

Shiba Inu can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value.

Shiba Inu price prediction

Market Realist predicts an increase of 620% in the next four years. According to Coin Price Forecast, SHIB will grow by around 350% to $0.00003174.

Shiba Inu on social media

 

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