Shiba Inu is a meme-based cryptocurrency that emerged as an Ethereum-based alternative to Dogecoin. It aims to build an ecosystem, including a decentralized exchange (ShibaSwap), an NFT art incubator, and plans for metaverse and blockchain gaming initiatives, distinguishing itself from its pure meme origins.
Shiba Inu's popularity in India is fueled by its strong community ("Shib Army"), its meme coin appeal, and the low per-token price, which allows for large holdings. The ongoing development of its ecosystem, like Shibarium, also generates interest among investors looking for potential utility beyond just a meme.
Reasons to buy Shiba Inu in India include its strong community support, the potential for high returns due to its volatility and speculative nature, and the ongoing development of its ecosystem (Shibarium, ShibaSwap), which could add more utility and drive demand. It's often considered a high-risk, high-reward option.
SunCrypto stores 80% of cryptocurrencies in secure cold wallets, which are secured and insured by Ledger.
The platform is designed to handle millions of transactions, with a system infrastructure that can scale quickly to meet high demand.
SunCrypto aims to provide a super-fast and user-friendly trading experience, built on technology used by millions.
You can trade over 400+ cryptocurrencies instantly with a single click.
SunCrypto offers the ability to trade cryptocurrencies with high liquidity, aiming for the best prices.
The platform provides different features like crypto futures trading, spot trading in INR and USDT pairings, bot trading, OTC trade, crypto staking, algo trading, and more with active 25 lakh users on SunCrypto App.
Similar to Dogecoin, Shiba Inu is a meme coin whose price is largely driven by community enthusiasm, social media hype, and speculative trading, with rapid pumps and dumps.
While the Shiba Inu ecosystem is developing projects like Shibarium (a Layer 2 blockchain) and a decentralized exchange (ShibaSwap), its intrinsic value and widespread utility are still nascent compared to more established cryptocurrencies.
Shiba Inu has an extremely large circulating supply, which contributes to its low per-token price. While there are "burning" mechanisms in place to reduce supply, their impact on the price can be limited given the sheer volume
Follow these simple steps to start your Shiba Inu investment journey:
Sign up on the SunCrypto platform and complete your KYC verification for added security.
Deposit Indian Rupees into your wallet using your preferred payment method.
Navigate to the Shiba Inu page and click on “Buy.”
Enter the amount, review the transaction details, and confirm your purchase.
Add funds quickly through Net Banking (IMPS only) by following these steps:
Yes, it is legal to buy and hold Shiba Inu in India. Always use trusted platforms to ensure secure and reliable transactions.
To buy SHIB securely, choose a platform that offers robust encryption and strong user authentication protocols, such as SunCrypto.
The easiest way to buy Shiba Inu is by signing up on a platform like SunCrypto, depositing INR, and purchasing SHIB instantly through their app or website.
SunCrypto is a highly recommended platform for buying Shiba Inu coin in India, offering a secure and user-friendly experience.
Shiba Inu (SHIB) is the primary token of the ecosystem and is widely available for trading. It's generally considered an ideal starting point for investors interested in the Shiba Inu ecosystem.
Yes, you can buy SHIB on platforms like SunCrypto with as little as ₹100, making it a perfect entry point for new investors.
SunCrypto is considered the best crypto exchange to buy SHIB in India due to its security, ease of use, and reliable customer support.