Question 1

How is the Shiba INU network safe and secure for trading?

Accepted Answer

The continuous hype and rise of Shiba Inu coins make people worried if this coin is a scam or not? Fortunately, Shiba Inu is a safe and secure token to buy as it is built on the popular ETH network. Also, the coin is developing its layer-two solution named Shibarium (Shiba L2), which will be more decentralized than BSC or polygon to make the Shiba INU server more secure against hacking incidents.

Question 2

Who are the founders of SHIB INU?

Accepted Answer

The person behind this coin is known as Ryoshi, but it is not confirmed whether Ryoshi represents an individual or a group of people. In Ryoshi Research's blog, the person characterizes himself as a guy who plays multiple roles like a CEO, a tech guy, and a person behind the roadmap of this coin. He also said that no one person is accountable or responsible for this coin. According to Ryoshi, his primary job is to defend the coin and give suggestions to build it, and that is why he declines all the pitches and influencer requests he gets from different crypto exchange platforms.

Question 3

Will SHIBA INU hit a $1 value?

Accepted Answer

For any meme coin, it is unlikely to hit a $1 value despite its vast popularity and price surge. Currently, the Shiba coin has a value of around $0.000013 per coin, and to hit the $1 mark, it has to increase approximately by 30% every year, with 2-3% of the coins burned yearly. As the price of the Shiba coin is hitting lower again this year, the investors are hoping that the coin will bounce back soon with an incredible rise. But, as the cryptocurrencies are highly volatile, it will be risky to make any such assumption about this coin at such a moment.

Question 4

Is it possible to buy Shiba coins with cash?

Accepted Answer

While it's not currently possible to buy Shiba coins directly with cash, you can easily buy the coin directly on Coinbase or Localbitcoins with fiat money transfer. I've explained the exact working steps in this article for your reference. So by using such platforms, you can buy any major cryptocurrency and then exchange it on any altcoin exchange platform that supports Shiba coin trading to buy the currency.

Question 5

How much will the Shiba coin be worth in 2025?

Accepted Answer

If we analyze the historical growth of this coin, the Shiba coin will indeed boom in upcoming years. After the incredible rise, the coin's price has fallen in 2022, and thus more and more investors are investing in it. As the platform will grow its decentralized exchange system and other features in the upcoming year, the coin will gain more attention, and by the end of 2025, its value can hit a maximum of $0.00071.

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