How To Sell Shiba Inu (SHIB) in 2022 - Beginners Guide with Screenshots

The buzz around the creation of Shiba Inu has contributed to its success in a space of one year. This crypto coin was created by Ryoshi and launched in August 2020. The goal of its creation was to give Dogecoin some competition in the market. Within a short period of time, it has proven to critics that indeed, Shib has the capacity to fill the position of Dogecoin’s competitor.

The Shib token is ranked among the top performing cryptocurrencies at the moment. The speed of its growth surely never came as a surprise as the coin’s creation time was just perfect. Its similarity with the famous meme cryptocurrency – Dogecoin has so far fueled its success.

Founded on the Ethereum blockchain, its total supply is capped at 1 quadrillion. It is believed that about 40% of its entire supply has been burned. Vitallin Buterik, Ethereum’s co-founder is reported to have supported the process of storing the coins safely.

The time frame in which Shiba Inu has gained so much popularity is exceptional. It is one of the low priced coins in the market, slightly cheaper than Dogecoin. This makes some analysts wonder why so many investors are drawn to it.

Social media influence is one factor but its stakes for growth are very high. Its association with Elon Musk’s favorite coin also contributes to its fame. This may be why investors are confident in making huge investments in Shib tokens. There is every likelihood that it would rise to the top three cryptocurrencies some day.

Anyone with a reasonable level of education on how cryptocurrencies work understands the value of investing in this coin. The number of investors it has gotten in this short period comes as no surprise. Investors can trade their SHIB for either fiat, stablecoins or any other cryptocurrencies of their choice. Other investors that find short term investments more fulfilling may want to sell Shiba Inu after a while.

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