6 Steps to Becoming a Shiba Inu Pro

If you also want to become a Shiba Inu Pro, you must know its current value in the market and the average profit you can make in the long run. 

Various websites have estimated the Shiba Inu crypto price to make a hit surge of more than 70% in net value. Over the past several days, the meme coin has taken a massive bullish turn, growing by more than 28,000,000%. 

Currently, it is the 19th most valuable cryptocurrency in the world, awaiting to reach the $1 mark. Imagine, if you invest in it right now, how much profit can you make by the end of 2024?

What is Shiba Inu?

Shiba Inu crypto named SHIB, is a decentralized cryptocurrency based on Ethereum. An anonymous person or a group founded the currency in 2020 under the name “Ryoshi.” 

Inspired by the Japanese dog Shiba Inu, the coin is intentionally abundant. There is about one quadrillion supply of the coin in the crypto market, unlike Bitcoin, which is relatively scarce.

How to Become a Shiba Inu Pro?

Here are some tips for becoming a Shiba Inu Pro:-

1. Understand Burn and Earn

On 23 April 2022, the ShibaSwap fueled burns and earns portal, offering SHIB holders the ability to burn their tokens. 

If a currency holder burns his tokens, they will be permanently removed from circulation permanently. This process increases the scarcity of a currency and enhances the market value of the remaining coins. 

Shiba Inu Burn holders were rewarded with a BurntSHIB in exchange. Furthermore, they were also given Ryoshis Vision (RYOSHI) tokens.

2. Analyse Earning Potential 

Before investing in cryptocurrency, you should look for the earning potential on the year mark. During the SHIBburn portal, holders who burnt their tokens were rewarded with RYOSHI tokens. These rewards were distributed based on the ryoshi transaction.

However, the APR (annual percentage rate) was much lower than advertised by the Burn Portal. That is why analyzing earning potential before making a move is important.

3. Consider Potential Drawback

To become a Shiba Inu Pro, monitoring the market and evaluating the potential risks involved is important. Just like the burn and earn sounded promising, there were many factors worth considering.

For example, the price of RYOSHI coins has significantly declined by over 50% in the last two years. This sudden decline highlights the volatility of the cryptocurrency market and the potential impact on the value of reward.

4. Explore Free Ways To Earn Shiba

To become a Shiba Inu Pro, you must explore some free ways to earn SHIB (Shiba Inu coins). There are various legitimate Get-Paid-To (GPT) websites that offer Shiba coins for free. 

You can take various survey tasks, watch videos, etc., to earn cryptocurrency rewards–which can later be converted to Shiba Inu. 

5. Convert Crypto Currency To Shiba Inu

Users who do not directly earn Shiba Inu Coins have to convert their cryptocurrency to SHIB. There is a definite process for it, and a popular platform called Crypto.com provides conversion for various cryptos, including Shiba Inu.

Following are the steps to convert cryptocurrency to SHIB:-

• Withdraw crypto earnings to a Crypto.com account
• Proceed to the Trade section
• Select the cryptocurrency
• Convert the cryptocurrency to Tether (USDT)
• Use USDT to buy Shiba Inu

6. Passively Grow Shiba Inu

Another method to become a Shiba Inu Pro is to grow SHIB passively. Crypto.com provides a staking option where Shiba holders can strike their coins and earn interest on their holdings. The interest rate can go from 0.5% to 5% based on membership level and striking duration. 

Let’s discuss what the Shiba hype is and a few steps to becoming a pro at betting.

How Much is a Shiba Inu Pro?

While the last crypto market bullish turn involved various cryptocurrencies, Shiba Inu took the crown by growing more than 28,000,000%. 

Several factors influence the price of cryptocurrencies, but majorly, they are dependent on the demand in the market. 

The last Shiba Inu bullish turn was a result of pure speculation and did not offer any new features or unique uses. Over the years, the coin has experienced abundant supply in the market, and its recent burn mechanism included about a 41% reduction in net supply. This has caused the price per coin to grow relatively. But the question is, can it hit the $1 mark?

A few reports given by Changelly estimated Shiba Inu’s value to experience a price surge of 5.4% and reach $0.000009997 by February 15, 2024. 

As of today, Shiba Inu Pro should know its current price, that is, US$0.000009413. 

Shiba Inu Coin News

Recently, Shiba Inu Pro developers have increased its crypto value in the hope that it will shed its status as a meme coin and compete more heavily in the market. 

As to our surprise, significant progress has been made over the years. In 2024, its holders can use the token similarly to the top cryptocurrencies–thanks to its mechanism burn and price surge. 

Now, holders can use it for yield farming, exchanging non-fungible tokens (NFTs), and some applications of the decentralized finance (DeFi) economy. 

Furthermore, the developers are making plans to launch a Shiba Inu-based metaverse.

How High Can Shiba Inu Go?

SHIB, or Shiba Inu Pro, has a massive supply in the market. Its huge supply and low demand make it almost virtually impossible to reach the prospect of $1. 

To have a price value of $1 per coin, the meme dog cryptocurrency would have to make a bullish of 9,816,570%. While Shiba Inu Pro holders know the currency has made several jumps like this before, having a stretch of this big is not likely.

The coin has a total supply of 1 quadrillion in the crypto market, and currently, more than 497 trillion SHIB tokens are in circulation. If it reaches the price of $1 per token right now, it would end up being worth more than the entire world economy.

Is Shiba Inu Worth Investing?

Shiba Inu (SHIB) has experienced a notable wave in on-chain activity. It made an impressive increase of 340%. IntoTheBlock, a business finance and blockchain analytics company, shared a report indicating a notable increase in transactions over the past 24 hours.

Furthermore, the dog-themed cryptocurrency recently had a significant increase in whale activity. IntoTheBlock again revealed a remarkable 2,595% increase in holders. The crypto price inflow grew from 275.2 billion SHIB to 2.31 trillion SHIB during the last bullish.

Around February 8 and 9, Shiba Inu Pro noted another large holder inflow–from 1.4 trillion SHIB to 2.31 trillion SHIB. 

According to CoinSwitch, Shiba Inu might reach a price of $0.000017 by the end of 2024. The positive response of the crypto coin suggests it is worth investing in it!

Shiba Inu Coin Price Prediction 2030

According to Changelly.com, SHIB (Shiba Inu) is estimated to be traded between $$0.000132 and $$0.000157 in 2030. On average, Shiba Inu Pro can expect it to be around $$0.000136 during the year.

Given that, here is an analysis of monthly 2030 prediction:-

Best Websites to Earn Shiba Inu For Free

While Get-Paid-To (GPT) websites seem a reliable method for earning Shiba Inu for free, many of them are fake and scammed. Here is a list of legitimate websites to earn SHIB for free:-

• Timebucks
• Freecash
• Cointiply
• Peer2Profit
• Lootup
• Honeygain

Takeaway

SHIB has recently gained a bullish surge in the cryptocurrency market. While its massive supply always kept it lower than other flowing currencies, its latest turn took over the crown with an estimated surge of 5.4%. Changelly has estimated Shiba Inu to reach $0.000009997 by February 15, 2024.

Its steady success has changed the sentiments of various currency holders and encouraged more holder inflow. That is why becoming a Shiba Inu Pro by making data-driven decisions and following proper steps is necessary to gain maximum profit. 

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