6 Strong Arguments That Shiba Inu Is a Serious Project

And not just a meme coin

Nelart
Geek Culture
5 min readNov 19, 2021

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one Shiba Inu coin held in a woman’s hand
Photo by Executium on Unsplash

Being founded in August 2020, Shiba Inu got to my attention when it became listed on Bitpanda, towards the end of 2021. I only use Bitpanda for now when it comes to investing in Crypto, so I was excited when I saw SHIB listed. There was enough hype around it already to make me interested. I know Bitpanda only lists coins that they consider worth listing.

Since then, I have done my research to find as much as I could about this coin, especially because I have invested about 200$ myself, as you can read in my previous articles about this:

I found out that Shiba Inu is more than just a memo coin, which makes it better than Doge. Many things prove Shiba Inu is a serious project, or at least it is in development to become one of the best cryptocurrencies. It is unique in its way.

Let me present you the strong points of SHIB:

1. Huge Community Built Around SHIB

Did you know that Shiba Inu has surpassed 1 million holders in November 2021? Amazing, isn't it? This happened in a time frame of just one year and a half.

It also has more than 2 million followers on Twitter. There are many Facebook groups with thousands and thousands of members talking about Shiba Inu, which was the most discussed cryptocurrency in October on Twitter.

It’s nice to know that the coin you invest in has such a great community.

2. Existing ShibaSwap Exchange

When it became listed in the app I use, I was already aware of the hype created around this coin. Some people still call it a meme coin like it would be similar to Dodge. Well, the truth is it is a meme coin, but also more than this. It has its exchange website called ShibaSwap, where you can buy SHIB, and do many other things.

The theme of ShibaSwap and everything related to the token represents the Shiba Inu dog breed.

On this site, you have two more tokens besides SHIB, which are Leaf and Bone. You can also get NFTs called Shiboshis, stake (burry or woof) tokens to get returns, swap tokens, and other useful options. A cool option allows you to Dig and this means providing liquidity to a pool and getting rewarded according to the liquidity you provide.

The only real impediment that Shiba Inu has right now is its circulating supply which is huge, more than 5 trillion.

It may be necessary to burn a lot of coins before it can reach a price that could rival Dodge and other coins that are now in the top 20.

3. Upcoming Shibarium Blockchain

Shiba Inu already has an ecosystem, but the promise of a layer 2 solution, named Shibarium would be a good reason to make the token more reliable and obtain a rise in its price.

Right now, SHIB resides on the Ethereum network, but the ecosystem planned by the creator of Shiba Inu will have more tokens and its blockchain, called Shibarium.

Expecting this update, we can only hope for the better.

4. Reaching Top 10 of all Cryptocurrencies

Who would have thought that a meme coin like Shiba Inu would be so fast in the top 10 of all cryptocurrencies by market cap? Just think about it!

Dogecoin was on its journey to becoming what it is today since 2013.

Shiba is here only from 2020 and was already in the top 10. This is a major achievement for Shiba Inu and its fans.

5. Continuing to Be Listed on Major Exchanges

While the listing on the Robinhood exchange is still to be waited, because Robinhood COO Christine Brown didn’t mention anything about a potential listing soon, other exchanges are making investors in SHIB happy. She only admired the ambition of the community but didn’t say anything about a potential listing.

Kraken is also on the waiting list but has disappointed SHIB fans because of a promise that was not respected, about listing the coin when 2000 likes for a post about it on Twitter is achieved. More than 77000 likes were obtained, but they still didn’t list SHIB.

Just in the last months, I have witnessed the following exchanges bring SHIB to their lists, Bitpanda, Binance, Coinbase, CoinDCX, Gemini, and many others. Also, the AMC Theatres network is about to accept payments in this coin in a few months and Samsung’s crypto wallet ZenGo has just welcomed Shiba Inu in its coin list.

These are all great news and we are still waiting for more to come!

6. Existing Coin Creator & Whitepaper

Dogecoin also had a creator (actually two), but this coin was made just for the fun of it, by copying existing code from a blockchain and editing it to make a new coin.

One of Dogecoin’s co-creators didn’t seem to believe in his coin too much since he used all his Doge plus other cryptocurrencies he owned in 2015 to get a Honda Civic. He didn't expect the coin to rise so much.

On the other hand, Shiba Inu’s creator is an unknown person who calls himself Shytoshi Kusama and makes periodical announcements on social media (including Medium) regarding the further development of the Shiba Inu ecosystem.

Shiba Inu has already surpassed Doge in terms of market cap and a place in the top 10. It retreated now, but I am positive that it will go even further in the future. Many people who invested in SHIB are in for the long run.

Let’s just be optimistic about it and wait for the coin to grow! This requires patience, but many investors fall victim to panic selling when the coin is down.

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Disclaimer: I am not a financial adviser. All I write about cryptocurrencies is for informational purposes and should not be taken as financial advice. Crypto investments are risky and you should never invest more than you afford to lose.

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