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Shiba Inu has become the most traded coin on coinbase, time for JSE to add cryptocurrency: Opinion

Shiba Inu is a coin that is one-year-old so far. since it began it was going for far less than 1 cent in terms of US dollars, not just far less than 1 cent, but the way it was so cheap, you could not even calculate the figures. Even in rands just 9 months back, R500 used to buy almost 100 million tokens of Shiba Inu. After Shiba Inu hiked its price in May 2021 by more 9000%, since then R500 could only buy 5 million coins.

Right now the same R500 can buy 1 million coins, and this coin that we are talking about has the longest bull run over the weekend and this week. It has gained more than 300% so far, and it has been a leading crypto asset on Binance and Coinbase. Binance and Coinbase are one of the largest crypto exchange platforms.

A lot of exchange platforms have listed Shiba Inu, the remain ones, most of them are under pressure, since this coin has become the top gainer in other big exchanges. Shiba Inu has already been listed in most of the famous and big exchanges in the world. There is one stepping stone left, that is "Robin Hood" and rumours are spreading around that Robin Hood has already loaded their system with Shiba Inu. It is only a matter of time before they can make an announcement or make it available for a trade.

So far it is not been disclosed who is the owner of this crypto asset, there is a name coming forward all the time Shiba is mentioned, "Ryoish". It is also reported that, it is a crypto asset that is owned by the community. If you check through twitter, there is a community called, "Shiba army" and already this crypto coin has accumulated more than 1 million followers on Twitter.

It has also surpassed 700,000 holders. This is the type of a coin that has got more long time holders than sellers. A very small percentage of selling and a lot of people are holding it in hope that Shiba will hit 1 cent.

A lot of people that are Shiba Inu holders are going to be instant millionaires. There is no coin so far that I have seen that has made noise on social media like this particular coin. It has the support of the people, and even most of the celebrities. Ordinary people and big whales are making entry points to buy this particular coin in large numbers.

There are already many companies that are open to accept Shiba Inu as a method of payment. Also besides its price being pumped because of the tweets of Elon Musk. The support of the Shiba army, the decentralization, since it is a decentralized coin, there is also much that is coming like Shibarium which is a Shiba Inu ecosystem. They are going to have their own blockchain, where they can be able to verify their own transactions.

People so far are complaining about Etherium gas fees that they are too high. So we need to bear in mind that, this is a very organised coin, because updates are made every minute on Youtube channels and Twitter.

So this is a well-developed coin with developers that have great vision. It is still labelled as a meme token, but very soon it will become a normal coin. So we all hope that it will be just as we wish and pray for, thank you.

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JSE Shiba Inu


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