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Shiba Inu burns 2.6 billion SHIB: Should you buy Shiba Inu?

 


Almost three billion SHIB were burned in the past week, while about half a billion were burned in 24 hours.


The largest single Burning transaction occurred on March 22nd when 1 billion tokens were gone. Shiba Inu is starting to make gains after the news.


This short guide covers everything you need to know about the Shiba Inu, including whether you should buy it. Here's where you can buy Shiba Inu if you want.

What is Shiba Inu?

Shiba Inu was created in 2020 by a pseudonymous individual or group named Ryoshi. To date, almost nothing is known about them. Nonetheless, Shiba soon took the internet by storm. Starting out as a meme coin, like DOGE, its popularity grew tremendously.


It turned out to be a very lucrative investment for some. In contrast to DOGE, it is compatible with the Ethereum mainnet and was developed precisely for this purpose.


Many analysts believe it will appreciate in value over time.

Should I buy Shiba Inu today?

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

Market Realist forecasts a 620% increase over the next four years. According to the Coin Price Forecast, SHIB will grow by around 350% to $0.00003174.

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