Buy SHIBA INU SHIB

Purchasing Shiba Inu (SHIB) and other cryptocurrencies is simple and straightforward online. You can buy and sell Shiba Inu (SHIB) on various platforms, including crypto brokers and exchanges.

Investing in Shiba Inu (SHIB) and other cryptocurrencies can be done in a few easy steps. Follow this guide to get started with crypto trading on platforms like Bitpanda and build your digital asset portfolio.

1. Choose the right platform to invest

• Start by selecting a suitable trading platform that supports Shiba Inu (SHIB)

• Consider features such as security, data protection, and user-friendliness

• With the Bitpanda app from the Play Store or App Store, you can invest securely and conveniently on your mobile device

2. Create an account and get started

• Register with an email address and create a strong password

• Provide necessary personal details

• Accept the terms and conditions and privacy policy

• Begin the verification process

3. Confirm your identity

• Verify your identity to start trading Shiba Inu (SHIB)

• Complete the online verification with a stable internet connection and a valid ID document

4. Deposit funds into your account

• Use the Bitpanda website or mobile app to deposit fiat money or other tradable assets into your account

• You can deposit via bank transfer, credit card, PayPal or Apple Pay

• There are also options to use EPS and SOFORT transfers, giropay, SEPA direct debits and other online payment services such as Skrill and NETELLER

5. Buy Shiba Inu and invest in cryptocurrencies

• Once the funds are in your account, you can buy Shiba Inu and other cryptocurrencies

• Simply select Shiba Inu (SHIB) for purchase, choose a payment method, and confirm the transaction

If you are interested in investing in cryptocurrencies like Shiba Inu (SHIB), Bitpanda offers a user-friendly and secure platform to get started.

Intuitive platform

Our platform features a user-friendly interface that makes buying Shiba Inu (SHIB) simple for both beginners and experienced traders. With the Bitpanda app, you can conveniently trade cryptocurrencies and other assets on your smartphone.

Install the Bitpanda app on your smartphone or tablet now.

Licenced and trustworthy

Bitpanda operates under strict regulatory guidelines and holds all necessary licenses for crypto brokers. Our business practices and holdings are regularly validated by external auditors. This ensures high security and transparency for every transaction.

Wide range of assets

At Bitpanda, you can invest in more than just cryptocurrencies. We offer over 3000 assets, including ETFs, CFDs, stocks, indices, and precious metals. Unlike other crypto exchanges, we guarantee stable prices based on the current market value.

Bitpanda wallet

Your Shiba Inu (SHIB) and other cryptocurrencies are securely stored in the wallet of your Bitpanda account. You can transfer your digital assets to an external wallet at any time.

24/7 customer support

If you have any questions or encounter issues while trading Shiba Inu (SHIB) or other assets, our customer support team is available 24/7 to assist.

Beginner-friendly products

Bitpanda offers products designed to help you start your crypto investment journey easily. With theBitpanda crypto indices, you can invest in a diversified portfolio of leading cryptocurrencies. TheBitpanda Savings plans allow for regular investments to build long-term wealth.

Forecasts predict a continuous increase in the Shiba Inu (SHIB) price due to the growing acceptance and use of cryptocurrencies. Those who invest early could benefit from long-term price appreciation.

The value of Shiba Inu (SHIB) can be affected by various factors, such as regulatory changes and global economic events. Therefore, it is essential to thoroughly research before investing. The following sections give an overview of the key events and factors impacting its price.

The past price trends of Shiba Inu (SHIB) do not indicate future performance.

Key information about Shiba Inu (SHIB):

• The Shiba Inu cryptocurrency was launched in 2020 as an experimental project by anonymous developer Ryoshi and was originally intended to be considered a joke

• Shiba Inu (SHIB) is an open-source cryptocurrency based on the Ethereum blockchain

• Shiba Inu has developed a trading platform called ShibaSwap

• The SHIB token is part of the group of cryptocurrencies derived from the meme-inspired Dogecoin

• There is a limited supply of one quadrillion tokens

• At launch, its price was 0.000000001009 USD

• Just two days later, the SHIB rate was 0.0000000001450 USD

• In October 2021, the SHIB price reached its previous all-time high (ATH) of 0.00007924 USD

• In October 2022, 10,000 Shiba Inu avatar NFTs were released and sold out after just 34 minutes

• As of February 2023, its market capitalisation was around 7.3 billion USD

• Many cryptocurrency exchanges trade Shiba Inu tokens 

Shiba Inu (SHIB), created by an anonymous individual known as Ryoshi,  was introduced in 2020. Named after the famous Doge meme featuring a Shiba Inu dog, SHIB is a response to Dogecoin, the first memecoin inspired by the same meme. Originally experimental and conceived as a joke, Shiba Inu quickly gathered a large community in a short space of time, making it one of the most well-known memecoins. Its high market capitalisation makes it one of the top 10 of all cryptocurrencies.

Memecoins are controversial as they lack specific purposes or added value, functioning mainly as fun currencies. However, the SHIB token is evolving into more of a serious cryptocurrency. Several sub-currencies like LEASH and BONE have been developed, and the token has inspired many projects that have attracted the attention of crypto fans.

At Bitpanda you can easily buy and sell various cryptocurrencies including Shiba Inu (SHIB). Start your personal crypto portfolio today with just a few clicks.

Coins vs. Tokens

The terms coin and token are often used synonymously but there is a difference between the two. A coin is a type of digital currency that is used purely as a means of payment. However, a token is a digital asset that fulfils certain functions or benefits within a project. Shiba Inu (SHIB) is a token and follows several projects processed via the SHIB token, such as ShibaSwap.

The Ethereum blockchain

Shiba Inu (SHIB), like many other cryptocurrencies, is based on the Ethereum blockchain. It is a decentralised database that stores information about transactions in chronological order. For each new transaction, a separate ‘block’ is created containing data of the current transaction and a record of all previous transactions on the same blockchain.

The database is not stored in a single location, but decentrally on countless computers worldwide. The two sub-tokens LEASH and BONE are also based on the Ethereum blockchain.

The Shibarium: the 2-layer blockchain

One of Shiba Inu's many projects is the Shibarium. This is a 2-layer blockchain that is designed to reduce both transaction speed and costs. A 2-layer blockchain, as its name suggests, has a second layer above the main blockchain, the ‘second layer’.

Certain transactions are processed by the second layer, improving the scalability and speed. The main blockchain is relieved and remains unchanged. 2-layer blockchains are rarely used, but they have great potential. Bitcoin uses a second layer for the ‘Lightning Network’ protocol which processes payment flows outside of the main blockchain.

Trading platform ShibaSwap

Shiba Inu developed its own decentralised trading platform ShibaSwap, based on the Ethereum blockchain and uses SHIB tokens as the base currency. The trading platform enables crypto traders to trade and lend cryptocurrencies.

In addition, ShibaSwap users are offered what is known as liquidity farming. Crypto traders who offer their cryptocurrencies receive a reward in return, in the form of interest or other crypto assets. This increases the liquidity of ShibaSwap and allows users to earn cryptocurrencies without having to actively trade.

Shiba Inu as a means of payment

Shiba Inu (SHIB) was not originally intended as a means of payment, however, more and more companies are accepting the currency.

Online electronics retailer Newegg and the cinema chain AMC Entertainment are among those who do. Since December 2021, you can pay with Shiba Inu at over 40,000 retailers in the USA and Canada as Shiba Inu (SHIB) has been integrated into the Flexa Payment Network.

With Bitpanda's crypto indices, you can invest in Shiba Inu and other tokens and coins without buying them directly. The crypto indices automatically invest in a predefined portfolio containing top cryptocurrencies based on current market capitalisation and liquidity.

With the Bitpanda Savings plans, you can also regularly invest in Shiba Inu (SHIB) and other digital assets. Through regular purchases, the value of your portfolio reflects an average Shiba Inu price in the long term and you can better cushion strong price fluctuations.

Take a look here: Bitpanda crypto indices

Key points to know about Shiba Inu (SHIB):

• Shortly after the launch of Shiba Inu, 50% of the holdings were transferred to Ethereum developer Vitalik Buterin to increase the popularity of the cryptocurrency

• A large part of the total amount of SHIB tokens was donated to foundations

• The developer of the Shiba Inu currency claims not to have kept any tokens unlike the inventor of Bitcoin

• Nothing is known about major investors, only highly invested Ethereum whales are mentioned

• In 2022, Shiba Inu was the most popular asset among first-time buyers in India

• At the request of the large community, a subsidiary was founded to bring Shiba Inu Games to market

• Long-term crypto holders trust in SHIB tokens and hold them long-term

If you want to know more about Shiba Inu (SHIB), check out the Shiba Inu whitepaper.

The price of Shiba Inu is primarily determined by social media news and online trends. The first major increase was in February 2021 when Elon Musk and the GME short squeeze made headlines and sparked a meme hype.

However, other factors can also influence the price of Shiba Inu, such as general trends in the crypto market, media reports about SHIB and the DeFi (Decentralised Finance) sector and technological developments within ShibaSwap.

Shiba Inu (SHIB): Price milestones

When Shiba Inu (SHIB) entered the market, its price was 0.000000001009 USD but it fell to 0.0000000001450 within two days. The first major hype was in early May 2021 when Binance announced it would list SHIB tokens. However, by the end of May, the price dropped to 0.000008100 USD then 0.000006210 USD by June where it remained stable.

On 28th October 2021, Shiba Inu reached its all-time high of 0.00007924 USD but the hype quickly subsided. By November 2021 the price had fallen to 0.00003927 USD. The downward trend continued into February 2022 before dropping further in May 2022. The next minor peak occurred in August 2022, and since the price has been moving sideways.

Major price milestones include:

• August 2020: 0.000000001009 USD (entry price)

• April 2021: 0.000003710 USD (first noticeable price increase)

• May 2021: 0.00003469 USD (first significant price increase)

• October 2021: 0.00007924 USD (all-time high)

• December 2021: Shiba Inu becomes the most searched cryptocurrency, pushing Bitcoin to second place

• June 2022: 0.000007720 USD (lowest price after the all-time high)

• August 2022: 0.00001692 USD (highest price after the all-time high)

• October 2022: 10,000 Shiba Inu NFTs were offered for sale and sold out within 34 minutes

Due to its young age, Shiba Inu (SHIB) lacks the extensive history of predecessors like Bitcoin and Ethereum, or its direct inspiration, Dogecoin. However, several interesting facts and events have marked the evolution of this project.

The largest crypto donation

After the launch of the SHIB, 50% of all Shiba Inu tokens were transferred to Ethereum developer Vitalik Buterin. A common practice in crypto, with founders of new projects hoping to boost their coins' value through this marketing of creating artificial scarcity of tokens.

However, Buterin took an unexpected approach and made the largest cryptocurrency donation to date, giving Shiba Inu tokens worth one billion USD to an Indian COVID-19 relief project. Additionally, he converted more SHIB tokens into Ether, Ethereum's cryptocurrency. He finally burned around 90% of his remaining SHIB holdings by transferring them to an unusable wallet, making them permanently inaccessible.

Elon Musk creates a memecoin hype

Elon Musk is known for his enthusiasm for cryptocurrencies. When a small Shiba Inu puppy named Floki moved into Musk's home in mid-September 2021 and began appearing frequently on his Twitter feed, a massive hype around memecoins broke out. Many believed Musk was hinting at investing in these coins. As a result, Dogecoin surged and SHIB tokens experienced a rapid rise. New tokens even adopted the puppy's name, such as Floki Inu Coin. This hype propelled SHIB to an all-time high.

The influence of social media on Shiba Inu's price highlights the volatility of this and other memecoins. Past performance is not an indicator of future developments, and forecasts of price changes should therefore be viewed with caution.

The Hop-On Hop-Off Journey of Ethereum Whales

After the memcoin hype, many of the largest Ethereum whales (major crypto investors) invested in Shiba Inu tokens. This fueled the SHIB price and caused the cryptocurrency to reach an all-time high.

When the SHIB price fell again after a few weeks with no end in sight, 5,000 of the largest whales noticeably reduced their Shiba Inu (SHIB) holdings. However, the cryptocurrency recovered from this setback and is currently one of the top 10 token positions of the 5,000 largest Ethereum whales.

From memecoin to serious cryptocurrency

Shiba Inu wants to establish itself as a competitive cryptocurrency. By developing its own ecosystem the ShibaSwap trading platform and the sub-tokens LEASH and BONE, Shiba Inu has already made significant progress in this direction.

Additionally, Shiba Inu is developing further with its 2-layer blockchain approach and plans to develop a metaverse. Whether and when this memecoin will solidify its position among the top cryptocurrencies remains to be seen.

Shiba Inu (SHIB) is a very volatile cryptocurrency whose price is subject to many factors. As it has not been on the market for long and was originally intended as a fun activity, it is highly dependent on current trends and news, evident in the hype triggered by Elon Musk.

These factors specifically influence the Shiba Inu price:

• Hypes due to the strong community or general trends

• Launch of projects for further development such as ShibaSwap

• Influence by prominent personalities such as Elon Musk or Vitalik Buterin

• Announcement of projects for further development such as the own Metaverse

• Cooperation with other companies such as Flexa Payment Network

• Issuing NFTs

These factors influence the crypto market in general:

• Supply and demand

• Government regulations

• Technical malfunctions or application errors

• Changes in the two strongest cryptocurrencies Bitcoin and Ethereum

• Hacker attacks

• World events, such as the outbreak of Corona or the Ukraine war