SHIB, a new cryptocurrency, has already taken over some Dogecoin markets. The cryptocurrency has been dubbed the "DOGE killer" because its logo is a Shiba Inu dog breed. SHIB is a decentralized spontaneous community-building experiment developed within the SHIBA INU ecosystem. And this is why it can be a good investment for traders:
Support from International Crypto Personalities
Meme coins like Shiba Inu have been receiving a lot of support from celebrities on social media, which makes this instrument even more attractive to traders.
Impressive Market Capitalization
Market capitalization is a good indicator of how a particular asset is performing in a market. An asset with a large market cap means that the asset is stable since most investors buy and sell it.
High Liquidity Ratio
High liquidity in the financial markets means how quickly an asset can be converted to cash.
Powered by Ethereum
Shiba Inu is modeled to operate on the Ethereum network. While Dogecoin used the same technology and approach as Bitcoin.
