The latest and hot cryptocurrency Shiba Inu trading is started in India. The coin has the face of the Shiba Inu dog which is the face of the popular meme coin Doge. After Dogecoin, Shiba Inu is introduced in the market with the highest growing cryptocurrency among the top 100 coins in terms of market capitalisation.
The Shiba Inu coin has been around since August 2020 and it slowly moved its pace in the Crypto markets. According to the information by CoinMarketCap, the circulating supply of Shiba Inu is currently at 394,796.00B and the founders say that 1,000,000,000,000,000 crypto coins have already been mined.
There is a major difference between the two meme currencies is that Dogecoin is a coin, Shiba Inu is a token. Shiba Inu is not fully available on all the popular Indian trading platforms. The token is listed in the WazirX and it is available to buy using fiat, USDT currencies.
World’s youngest crypto billionaire and Co-founder of Bitcoin-rival Ethereum (ETH) Vitalik Buterin has in the news for his $1 billion over Shiba Inu tokens as a generous contribution to India.
“We sent over 50% of the TOTAL supply to Vitalik. There is no greatness without a vulnerable point and as long as VB doesn’t rug us, then SHIBA will grow and survive,” said the SHIB founder in the company’s white paper.
The new coin is valued at $13 billion and whereas Dogecoin is valued at $80 billion after the Elon Mush SNL appearance.
According to Binance.com, “SHIB is a relatively new token that poses a higher than normal risk, and as such will likely be subject to high price volatility after the Binance listing.”
Now coming to the buying process of Shiba Inu in India as follows.
How to buy Shiba Inu Cryptocurrency in India?
To buy Shiba Inu tokens in India, all you need to open a WazirX account. Opening the WazirX account is a simple process. Just click here and enter your original name and other information which is required to complete KYC.
After successful KYC, you can purchase the Shiba Inu using a manual amount deposit in the WazirX exchange or you can buy using the USDT.