What is a Shiba Inu?
Shiba Inu is a cryptocurrency inspired by the Japanese dog breed of the same name.
When was it launched?
The Shiba Inu was launched in 2020.
What are the reasons for its rise?
* Promotion by celebrities: The support of famous figures such as Elon Musk has contributed to the rise in the value of the Shiba Inu.
* Community: The Shiba Inu has a large community of investors seeking to increase its value.
* Rarity: The Shiba Inu has a huge amount of coins, making it relatively rare.
What are the reasons for its decline?
* Volatility: Like any other cryptocurrency, Shiba Inu has significant fluctuations in value.
* Lack of Use: The Shiba Inu is not widely used, which may limit its value.
* Economic pressures: Economic crises may affect the value of digital currencies in general.
The future of Shiba Inu:
No one knows for sure what the future holds for the Shiba Inu.
advice
*Do not invest more than you can afford to lose.
Note: This post is a summary of events only.