New Delhi: It has been a very tough time for the cryptocurrency market over several days. Many coins took the damage during the blood bath and now they are recovering from the shock.
The other day Dogecoin, BNB, Ethereum, and Shiba Inu cryptocurrency prices have each gone up by 6.1%, 11.5%, 8.7%, and 9.5%. Have been down around 20 percent over the past week Shiba gained 9.5% on the day.
The value of Shiba Inu (15 June 2021) has fluctuated between a 24 hour low of Rs. 0.000502 and a high of Rs 0.000532, at the time of writing.
Meanwhile, a petition calling on trading platform Robinhood to list Shibu Inu gained more than 130,000 signatures. The petition was created by a user named Tristan Luke three weeks ago, with a current goal of 150,000 signatures.
Robinhood currently has seven cryptocurrencies available for trading on its platform: Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin. It is still unclear when or if Robinhood will list Shiba Inu on its platform.
Dogecoin, which was listed on Robinhood in July 2018, is based on the Shiba Inu dog from the Doge meme.
The Shiba Inu cryptocurrency can currently be exchanged on platforms including ShibaSwap, Binance, Crypto.com, Kucoin, CoinBene, Huobi, Probit Global, CoinDCX, OKEx, WazirX, Huobi, and OKEx.
So is this the right time to buy Shiba Inu?
Yes, this is the right time to buy as the price is stable. Right now you can buy 1,80,000 SHIB coins at just Rs 100, isn’t it great. You can buy the coin right now as it is expected that prices might go higher.
What is Shiba Inu coin price prediction?
According to The Sun, the currency has not shown as much growth compared to the Dogecoin and appears to have been made as a way to “give Dogecoin a run for its money”. On the other hand, Dogecoin is highly likely to reach $1. But as how the currency is moving recently, it seems the currency is expected to become a ‘Stablecoin’.
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.
According to other reports, It is expected that Self-claimed Doge killer, Shiba Inu can reach at 0.000085 dollars toward the finish of June 2021. If it continues to rise we can say that the cost will be 0.0003 dollars in January 2022.
When will Shiba Inu reach $!?
It is expected that Self-claimed Doge killer, Shiba Inu can reach at 0.000085 dollars toward the finish of June 2021. If it continues to rise we can say that the cost will be 0.0003 dollars in January 2022. By the calculations, there is a very low probability that it will reach $1 by 2025.
How to Buy
If you are looking to buy Dogecoin or Shiba Inu coin, you can use these apps:
Download the WazirX app and sign up for the account. Before you start investing in Dogecoin, you need to do eKYC and enable the 2 Factor authentication. You also need to add your bank details to add and withdraw money.
Once you have added your bank account and perform KYC, you can check the available list of coins for trading. Tap on the Buy button in front of Dogecoin and then enter the amount you want to invest in the Dogecoin. You can make payments directly through bank deposit, credit card, debit Carr or UPI.
CoinSwitch is another notable and safe cryptocurrency exchange in India that lets you purchase and trade Dogecoin in India. You need to install the app, signup using your phone number, and add your bank account. As the app deals with crypto trading, you also need to do KYC. Once you have added your bank account, you can purchase the Dogecoin using Indian currency.