How To Buy Shiba Inu Australia – Buy Shiba Inu In Under 5 Minutes

If you’re wondering how to buy Shiba Inu in Australia, you’ve come to the right place. Many Australians are still on the fence about investing in Shiba Inu because they simply do not fully realize how buying crypto works; read on for our complete guide to buying Shiba Inu in no time.

Table of Contents

Buy Shiba Inu at eToro – #1 Broker

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  • Invest in a wide range of cryptocurrencies
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  • eToro crypto wallet included which makes it beginner-friendly
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How to Buy Shiba Inu Australia – Quick Guide

Want to buy Shiba Inu Australia right away? Our top recommended cryptocurrency exchange is eToro; and here’s how you can get started:

  • Step 1. Open an account with eToro: Head over to the eToro website and click ‘Join Now’ to open an account.
  • Step 2. Upload ID: Upload and verify your identity with a copy of your passport or driver’s license.
  • Step 3. Deposit: Fund your trading account by making a deposit using a credit or debit card, bank transfer, or e-wallet.
  • Step 4. Buy Shiba Inu: Search for SHIB, click ‘Trade,’ and place your order.
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CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.

Where to Buy Shiba Inu Australia?

We have hand-picked the top five cryptocurrency exchanges, which you will find below.

1. eToro – Overall Best Way to Buy Shiba Inu Australia

When it comes to purchasing Shiba Inu in Australia, eToro is by far the finest choice. To begin with, you will be working with a highly regulated brokerage business. It has licenses from three major regulatory agencies, including the FCA, ASIC, and CySEC. Since then, eToro has attracted over 13 million investors, which adds credibility to the platform.

Credibility is critical since it allows you to invest tiny but consistent sums. If you wish to branch out into other cryptocurrency trading marketplaces, eToro has 15 cryptocurrencies to choose from. This contains cryptocurrencies such as Ethereum, Ripple, and Bitcoin. In addition to cryptocurrencies, you may invest in over 1,700 equities and 150+ ETFs.

You may also use the Copy Trading function to imitate a seasoned Shiba Inu investor. As a result, you will trade for all the world like them. To get started, eToro requires a $200 minimum deposit. You can meet this need by using an Australian debit/credit card, e-wallet, or bank transfer. Finally, you may purchase Shiba Inu on eToro using its website or the platform’s investing app.

eToro Fees

The eToro platform doesn’t charge you with commissions. Instead, they make money charging spreads. Spread is the difference between an asset’s buy and sell price. You can see detailed information about the way eToro charges spreads on their website. Check the eToro Fees section  —  Crypto spreads.

Let’s look at the Shiba Inu’s spread. To open a buy position on Shiba Inu (SHIB):

  1. Ask rate is 7.17 USD per million Shiba Inu coins, an initial investment of 25 USD.
  2. Position Open 25 USD / SHIB; Assuming the asking rate is 7.17 USD, you’ll get 3.5 units.
  3. You won’t pay any overnight fees.
  4. Total Cost = SHIB spread fees (2,9%) 0,029 * 25 USD * 3.5 units = 2.5 USD.

Pros

  • Offers Shiba Inu and 15 other top cryptocurrencies.
  • Buy Shiba Inu without any commission.
  • Join more than 13 million traders worldwide
  • You can deposit and withdraw your funds in a variety of ways.
  • Get started in investing with just $25.
  • Supports copy trading to automate your Shiba Inu trades.
  • Fully regulated in Australia. Authorized by FCA, ASIC, and SEC.
  • More than 1700 stocks and 150+ ETFs are available for you.

Cons

  • A small withdrawal fee of $5.
  • The platform operates in U.S. dollars.

67% of all retail investor accounts lose money when trading CFDs with this provider.

2. Coinbase – User-Friendly Shiba Inu Broker With Over 35 Million Customers

In terms of reputation, Coinbase is possibly the most well-known cryptocurrency broker in the industry. Since its inception in 2012, this broker has garnered over 35 million consumers from over 100 countries. The platform has an Authorized Payment License in Australia, which means the Financial Conduct Authority (FCA)  regulates it.

As a result, you should have no qualms about buying Shiba Inu on Coinbase. Coinbase, in particular, and similarly to eToro, is a wonderful alternative if you’re searching for a very user-friendly site to purchase Shiba Inu Australia. This is because the entire purchasing procedure should take no more than 15 minutes and requires no prior understanding of how investments function.

You can also begin with modest sums  —  with minimums varying based on your preferred payment method. A debit card and an Australian bank transfer are both supported payment methods. The biggest disadvantage of using Coinbase is their fees: it’s one of the most expensive ways to buy Shiba Inu.

On the other hand, Coinbase stores 98% of coins in cold wallets, meaning that no one has direct access to the assets you trade. Coins are not connected to a live server; that’s why no hacker or any other external user can seize and hack your crypto assets. This broker also has an excellent reputation with its customers for user experience and customer service. You have an option of withdrawing your Shiba Inu to a private wallet.

Coinbase — Buy Shiba Inu Australia Flat Fees

Overall Transaction Amount Transaction Fee
$10 or less $0.99
More than $10, less than or equal to $25 $1.49
More than $25, less than or equal to $50 $1.99
More than $50, less than or equal to $200 $2.99

 

Coinbase Pro Fees 

Coinbase Pro fees depend on the trading volume: the more you trade, the less your fees.

Pricing Tier Taker Fee Maker Fee
Less than $10K 0.50% 0.50%
$10K to $50K 0.35% 0.35%
$50K to $100K 0.25% 0.15%
$100K to $1M 0.20% 0.10%
$1M to $10M 0.18% 0.08%
$10M to $50M 0.15% 0.05%
$50M to $100M 0.10% 0.00%

 

Pros

  • With more than 35 million users, Coinbase boasts an unshakable reputation.
  • Enjoy an unusually user-friendly interface.
  • Deposit and withdraw funds without efforts.
  • You can use a private wallet to withdraw your coins, tokens, etc.
  • Handy mobile app.
  • Holds a license from the FCA.

Cons

  • 3.99% fee on debit card deposits.
  • 1.49% Shiba Inu trading fee.

67% of all retail investor accounts lose money when trading CFDs with this provider.

3. Binance – Popular Shiba Inu Exchange That Supports Australia Debit/Credit Cards

Binance Homepage

In terms of trading volume, Binance is currently one of the major cryptocurrency exchanges. The site focuses primarily on trading services, which means you will buy and sell digital currency pairings on a short-term basis. It also participates in more complicated financial instruments such as futures and options.

Binance, on the other hand, has since moved into traditional brokerage services. This means you may use an Australian debit/credit card or bank account to purchase Shiba Inu on the marketplace. All you have to do is create an account, submit some identification, and pick how much money you want to deposit.

After completing the purchase, you have the option of leaving the coins at Binance or withdrawing them. Binance is well-known for its superior security measures, and it even offers a Secure Assets Fund for Users (SAFU).

Binance Fees — Largest Shiba Inu Broker 

Binance’s trading side is highly competitive in terms of fees. This is because you will only pay a 0.1 percent fee for each slide. Using your debit/credit card, on the other hand, will result in a significantly higher cost. In most cases, this equates to a 2% transaction fee. However, Binance is now offering a deal, reducing the fee to just 1% (for all Visa and MasterCard deposits).

The general Binance spot trading fee is 0.1%, while Instant Buy/Sell fee is 0.5%. However, you can reduce fees if you hold BNB in your account.

30d Trade Volume (USD) Maker / Taker Fees Maker / Taker Fees

if you hold BNB

< 50,000 USD 0.1000% / 0.1000% 0.0750% / 0.0750%
 

≥ 50,000 USD

0.0900% / 0.0900% 0.0675% / 0.0675%
≥ 100,000 USD 0.0800% / 0.0900% 0.0600% / 0.0675%
≥ 500,000 USD 0.0700% / 0.0800% 0.0525% / 0.0600%
 

≥ 1,000,000 USD

0.0500% / 0.0700% 0.0375% / 0.0525%
≥ 5,000,000 USD 0.0400% / 0.0600% 0.0300% / 0.0450%

Pros

  • The largest cryptocurrency exchange worldwide.
  • Hundreds of cryptocurrency pairs are supported.
  • Trading commission of just 0.1%.
  • Supports Australian debit/credit cards and bank transfers.
  • Dazzling reputation in the crypto-related world.
  • Advanced financial tools are available for savvy investors and traders.

Cons

  • Not always suitable for beginners.
  • The platform charges 2% on debit/credit card deposits.

67% of all retail investor accounts lose money when trading CFDs with this provider.

4. AvaTrade — Top-tier MT4 Terminal Broker to Buy Shiba Inu Australia

AvaTrade website June 22

AvaTrade is a well-known broker that offers trading services to its clients through Metatrader4 and Metatrader5 terminals, the AvaTradeGO application, and the AvaOptions platform. The MT4 terminal may be installed on several operating systems, and there is also a web-based version of Metatrader accessible. Social traders can copy experienced traders’ techniques by using ZuluTrade and DupliTrade (MT4 compatible platform). As a consequence, trading Shiba Inu on AvaTrade requires no prior financial experience.

AvaTrade Fees — Reliable Shiba Inu Broker in Australia

AvaTrade does not charge account fees or require deposits. Withdrawals are likewise free of charge. AvaTrade, on the other hand, sets a $50 per quarter inactivity fee after three months of inactivity. In addition, a $100 administrative penalty will be imposed after 12 months of non-use. AvaTrade also charges trading spreads.

Even though AvaTrade doesn’t provide Shiba Inu, you can still trade Uniswap related to this coin. The spread for Uniswap is 1.5% over-market, meaning that every time you open a UNI position, you pay 1.5%.

Pros

  • Easy to open an account.
  • Competitive crypto spreads.
  • Striking educational materials and research instruments.
  • You have a free option to deposit and withdraw money.
  • The platform is regulated and accredited.
  • Plenty of financial tools are available.

Cons

  • Funds withdrawal might take a while, especially on weekends.
  • Pushy managers send emails.

67% of all retail investor accounts lose money when trading CFDs with this provider.

5. Capital.com — Best CFD-focused Broker for Shiba Inu Traders

Capital.com review

Capital.com is an international CFD brokerage with subsidiaries in the United Kingdom, Cyprus, and Belarus. It’s home to nearly 2 million traders and has handled more than $18 billion in volume. Over 3,000 of the most liquid assets from five sectors make this an appealing alternative for all sorts of traders. Client money is properly separated at RBS and Raiffeisen; accounting behemoth Deloitte audits two of Europe’s largest financial institutions and accounts. New traders have access to Investmate, the educational platform of Capital.com.

Capital.com is an excellent choice for seasoned investors who want to employ complex trading instruments. Several third-party organizations oversee and safeguard the broker, use cutting-edge technology to improve client experience, and provide extremely competitive spreads.

Capital.com Fees — Reliable Shiba Inu Broker in Australia

Spreads are how Capital.com makes money. The spread is defined as the difference between the Buy and Sell prices. When you start a new position as an investor, you must pay the spread.

The spread price varies according to the instrument. If you wish to check the spread for a specific asset, live spread information is available on each financial instrument’s mobile and web platforms. For example, the SHIB to USD spread for August 8, 2021, is 0.00000065. Capital.com doesn’t charge commission on trade, but the platform can charge overnight fees after 9:00 PM (UTC).

Type of activity Fees
  • Deposit
  • Withdrawal
  • Real-time Quotes
  • Opening/Closing trades
  • Educational material
  • Dynamic charts and indicators
0% Fee
Crypto trading The spread varies for each trading pair and instrument.
Overnight charge The overnight fee is based on the leverage provided, not on the entire value of the SHIB you buy.

 

Pros

  • Functional mobile app suitable for newbies.
  • An unwavering flow of good reviews on Trustpilot.
  • Customer support teams answer quickly.
  • You can always find relevant and fresh data on cryptocurrencies, indices, stocks, futures, etc.
  • Helpful and meaningful educational resources.

Cons

  • You can only trade CFD Shiba Inu.
  • Not a good choice for beginners.

67% of all retail investor accounts lose money when trading CFDs with this provider.

Why Buy Shiba Inu Australia?

While some investors grok the notion of Shiba Inu as a cornerstone of successful crypto trading, others don’t believe in this coin at all. Such a situation could seem confusing, especially for newbie traders. If you still have a whiff of doubt, you should read about the pros of the Shiba Inu coin. Let’s consider the basic reasons why Shiba Inu may be worth your attention in terms of investment potential.

Shiba Brings New Ideas On The Table

Shiba Inu coin is an experiment in decentralized, spontaneous community building. The SHIB token is the first token and allows users to store billions or even trillions of them. This ERC-20 token, dubbed the “doge-killer,” can remain a penny stock and still outperform Dogecoin. The popular worldwide token has already grown by thousands of percent. The Shiba (SHIB) token is the first cryptocurrency token to be registered and incentivized on ShibaSwap, a decentralized exchange.

Shiba Is About Community Surrounding It

What would happen if a cryptocurrency project was 100% managed by its community? While the term DeFi includes the word “decentralized,” it refers to its economic status, not its internal hierarchy. Ryoshi coin’s founder put it this way about the endeavour:

“We are an experiment in decentralized, spontaneous community building. Although none of us could have imagined it at the time, it was a concept that started a revolution. Created projects based on community participation are the unbridled wilderness of our future. As we move away from rigid financial structures and traditional thinking, we are empowered to discover new ways to solve problems and build relationships with each other.”

In a world where commodification rules over time, community projects are more than just a change of pace; they are a way to practice radical acceptance of others. When success depends on the combined strength of the people who make up the collective, we are forced to change our perspectives to match those around us. Juxtaposing Ryoshi to Shiba might lead you to both coins’ positive market outreach.

Shiba Community Builds A Brand New Ecosystem

The Shiba Inu ecosystem is a way of recognizing the importance of breaking a long-held paradigm. In studying those attracted to the project, the developers realized that “the real power comes not from one of us alone but from when we work together in harmony.” With that clear thought in mind, the creators began in earnest to develop the Shiba Inu Ecosystem.

The ecosystem’s developers aim to build the best-decentralized ecosystem (DECO) on the planet. Their three tokens were the seeds from which the Shiba Inu ecosystem grew, and ShibaSwap is how they put down their roots. The goal of ShibaSwap is to provide a safe place to trade your valuable cryptocurrency while remaining decentralized. The developers are loyal to their holders, and this allows them to grow exponentially. They continually scale this ecosystem to attract more and more stakeholders to the ShibaSwap platform.

The unique tokenomics, robust design, technical implementation, and viral growth of old-fashioned memes may strengthen the platform’s strength and ultimately bring residual benefits to the ecosystem. Swapping without a budget is a unique challenge, but by taking on different genres and product lines, a focused development team has emerged from the ranks of the community.

“We locked down 50% of Uniswap’s total supply and threw away the keys. The other 50% was burned, and we were the first project to follow that path because everyone should buy on the open market, ensuring a fair and complete distribution,” shares the coin’s community.

LEASH was initially set up as a relabeling token tied to the price of Dogecoin. It has now been released and will not be rebadged. With a total circulation of only 100k tokens, it has the opposite appeal of SHIB (which has a much larger supply). The second swap incentivized token offers special rewards for those who provide liquidity.

BONE Dogecoin Killer is the next token. Soon, Shiba Inu Bone may take the power of Defi to the next level. Details on how to purchase this token and incentives will be announced with the ShibaSwap reveal.

Shiba Inu Coin Trails the Market’s Trend

It’s not a secret that BTC is the crypto market’s locomotive: many newborn or small coins follow the general trend. If all of the milestones are met, the fundamental analysis shows that BTC is a good investment. Unfortunately, one cannot make such a significant decision based solely on fundamentals. To make an excellent decision and have a stronger thesis, we must throw technical analysis into the bargain. For instance, we can use The Wallet Investor price forecasts on SHIB and BTC to help us understand the potential price patterns of digital assets in the short and long term.

According to the experts at Wallet Investor, Shiba Inu Coin is expected to trade at $0.000018 by the end of 2021. The same experts believe Bitcoin will be worth $58,718.90 by the end of the year 2021. SHIB could return at least 157.29 percent, and BTC could return at least 81.553 percent in the process.

In the long run, experts predict that SHIB will be worth $0.000081 per coin by the end of the 20th of June 2026. The same experts predict that Bitcoin will be worth $212,069 on June 20th, 2026. SHIB could return at least 1,057.8 percent, and BTC could return at least 555.696 percent in the process.

Thus, you can split your investment. Say you invest 30% in BTC and the other 70% in Shiba Inu. Such a move can make your portfolio more reliable in general.

How Much Does it Cost to Buy Shiba Inu?

You can see the current SHIB price using the eToro search. To do so, enter SHIB in the search box. The price on this broker’s website is per million Shiba Inu tokens. At the time of writing, you would be able to buy 1 million tokens for just over $7.65.

Shiba Inu Historical Data

Date Price Open High Low Vol. Change %
Oct 06, 2021 $0.000023 $0.00001428 $0.00002436 $0.00001388 15,410.35B 74.1%
Aug 08, 2021 $0.00000786 $0.00000779 $0.00000885 $0.00000772 14,566.45B 0.77%
Aug 01, 2021 $0.00000780 $0.00000625 $0.00000788 $0.00000610 14,879.48B 25.00%
Jul 25, 2021 $0.00000624 $0.00000644 $0.00000690 $0.00000604 14,582.09B -3.41%
Jul 18, 2021 $0.00000646 $0.00000681 $0.00000701 $0.00000570 16,619.70B -4.86%
Jul 11, 2021 $0.00000679 $0.00000766 $0.00000799 $0.00000655 14,700.06B -11.47%
Jul 04, 2021 $0.00000767 $0.00000880 $0.00000908 $0.00000753 23,286.24B -11.94%
Jun 27, 2021 $0.00000871 $0.00000748 $0.00000920 $0.00000737 39,484.12B 16.44%
Jun 20, 2021 $0.00000748 $0.00000761 $0.00000780 $0.00000575 74,705.11B -1.71%
Jun 13, 2021 $0.00000761 $0.00000626 $0.00000902 $0.00000615 78,751.04B 21.57%
Jun 06, 2021 $0.00000626 $0.00000841 $0.00000866 $0.00000559 49,631.11B -25.65%
May 30, 2021 $0.00000842 $0.00000789 $0.00000994 $0.00000757 90,880.12B 6.72%
May 23, 2021 $0.00000789 $0.00000835 $0.00001131 $0.00000744 158,734.42B -5.73%
May 16, 2021 $0.00000837 $0.00001552 $0.00001760 $0.00000697 299,725.97B -46.03%

 

Highest: 0.00002436 Lowest: 0.00000559 Difference: 0.00001877 Average: 0.0000125 Change %: -40.74

Source

How to Buy Shiba Inu Australia with PayPal

PayPal website

Many Australian investors want to buy Shiba Inu via Paypal. This is because Paypal is an easy, safe, and simple option to make online purchases that enable quicker payments than bank transfers and debit cards. Only a few brokers in Australia allow you to invest using an e-wallet. Instead, they usually concentrate on debit cards and bank transfers.

Having said that, the FCA-regulated trading site eToro accepts Paypal deposits, withdrawals, Skrill, and Neteller. All you have to do is put down a $200 deposit and then pick how many Shiba Inu coins you want to buy (minimum is $25).

How to Buy Shiba Inu Anonymously Australia

The only way to buy Shiba Inu anonymously in Australia is through an unregulated exchange. We don’t recommend doing so, as an unregulated broker may cause additional trading risks you might not be willing to take.

Any regulated broker requires you to verify your identity to comply with government know-your-customer (KYC) regulations. Unregulated Shiba Inu exchanges:

  • Do not have government protections for investors
  • Frequently experience targeted hacks
  • Undergo data leakages which could lead to a loss of your capital.

Safest Way To Buy Shiba Inu Australia

The most significant barrier preventing newcomers from investing in Shiba Inu is safety. Many investors believe that cryptocurrency markets are risky and unregulated. Part of the reason for this fear is that there are simply too many loopholes, tricks, and so on. You should follow basic safety rules when investing in Shiba Inu or any other asset.

First and foremost, you should ensure that a government agency has accredited your broker for cryptocurrency control. For example, the Australian Securities and Investment Commission (ASIC), the Financial Conduct Authority (FCA) in the United Kingdom, or the Securities and Exchange Commission in the United States (SEC).

The government does not grant licenses to the right or left, particularly for cryptocurrency brokerage services. The regulator is in charge of the initial registration of all crypto-asset service providers (e.g., wallets, exchanges, brokers, and so on), as well as maintaining their registry and developing market policy.

So, if you buy Shiba Inu in Australia through an ASIC broker, you will benefit from the following safe-conducts:

  • When you first open an account with the broker, you must provide certain personal information. After that, you must confirm the procedure by uploading a copy of your passport or driver’s license. This eventually discourages criminal activity because no one can buy or sell Shiba coins without providing personal information.
  • Any regulated broker must ensure that your funds are held in separate bank accounts. The rule implies that no broker may use your funds to fund its day-to-day operations.
  • The risks associated with purchasing Shiba Inu must be clearly displayed on the website.

Another advantage of using regulated brokers is that you will be able to buy Shiba Inu using a whole range of payment methods, for example, a debit/ credit card, wire transfer, etc. eToro is a great example of a regulated broker, approved by many governments.

Recommended Broker
eToro
Buy now

CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.

Recommended Broker
Capital.com
Buy now

CFDs are complex instruments that have a high risk of losing money quickly due to leverage. 72.6% of retail investor accounts lose money trading CFDs with this provider.

Recommended Broker
AvaTrade
Buy now

CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.

Rating
5.0
4.5
4.3
Mobile App Rating
1/10
10/10
9/10
Mobile App
Wallet
Number of Coins
311014
Trading Fees
SpreadsCommissionN/A
Deposit Fees
N/A$0N/A
Withdrawal Fees
5 USD$0N/A
Regulated
N/AYesCBI and MiFID in Europe
Min. Deposit
50$$20$100
Leveraged Trading
N/AYes1:2 for cryptocurrencies
Bitcoin
$66944.54$67004.79$67172.13
Ethereum
$4161.99$4088.47$4098.68
XRP
$1.17$1.14$1.16
Tether
$1.00N/AN/A
Litecoin
$208.07N/A$205.42
Bitcoin Cash
$655.26N/A$651.08
Chainlink
$27.17N/A$27.58
Cardano
$2.26$2.20N/A
IOTA
$1.24N/A$1.21
Binance Coin
$511.07$587.90N/A
Stellar
$0.40$0.39$0.39
EOS
$4.79N/A$4.73
Credit Card
Paypal
Sepa Transfer
Skrill
Sofort
Giropay
Neteller

How to Buy Shiba Inu in Australia – eToro Guide

Buying Shiba Inu in 2021 is easy and only takes four basic steps. If you want to invest in Shiba Inu, follow our four-step instructions.

Step 1: Sign Up

To get started with investing in Shiba Inu, you need a minimum deposit of just $25. But, first, let’s take a look at the account opening process.

Open an Online Trading Account

To proceed further, fill the form. The next thing you might want to do is verification. You can skip the step and scan your documents later.

Buy Shiba Inu with 0% Commission Now >

Step 2: Verify Your Account & Upload Your ID

You need your I.D. and proof of address to verify your account: any official document works as proof: recent utility bill, bank statement, driving license, receipt, etc. You can skip uploading and scan documents whenever you feel comfortable.

Step 3: Deposit Funds

Deposit Funds

Funding your trading account is an effortless process. You may deposit dollars into your account using a variety of methods. Select the form of payment that is most convenient for you and complete the steps outlined below:

  1. Enter your eToro account.
  2. Click on the ‘Deposit to account’ button.
  3. Enter the amount you want to invest. (min $25)
  4. Select any method you want to fund the account.

Step 4: Search for Shiba Inu & Buy

Now you can use the search box to buy Shiba Inu. Type Shiba Inu or SHIB into the search box and click on the ‘TRADE’ button.

Once the order form opens, it’s high time to enter your stake. Ensure it’s higher than $25 U.S. dollars, as the minimum amount to invest in SHIB is $25.

This page shows how many coins you get, overall equity, and exposure. In the example above, you will get 63,37 SHIBxM for $450 invested.

You can see both the ‘Set Order’ or ‘Open trade’ buttons depending on the market’s condition. You’ll see the ‘Open Trade’ button if you enter the market during standard market hours. If the market is closed, you’ll see the ‘Set Order’ button. To finish your commission-free Shiba Inu investment, click the ‘Open Trade’ option. You can always check the value of your Shiba Inu investment by going to the ‘Portfolio’ tab of your eToro account.

Shiba Inu Price Analysis: Should I Buy Shiba Inu?

Elon Musk is not tweeting about Dogecoin yet, and the popularity of clone cryptocurrencies is waning; but, this doesn’t apply to SHIBA INU. The coin made a momentum of +40% on the news of listing on Coinbase Pro:

The result is outstanding; for example, Polkadot, on a similar event, showed a result twice as bad. Now you can see a red candle at the end of the chart, but it’s a logical pullback after such growth:

The coin began to grow on June 12, and even taking into account the correction, it added 54%. What is the explanation?

The project is worth praising: the developers didn’t disappear and are building a community that calls itself the “SHIBA army,” probably by analogy with the XRP army. Here’s what they have: 182,000 followers on Telegram, 776,000 followers on Twitter, and 206,000 participants on Reddit and a brand new Discord channel.

These are good numbers that show an active community development effort; but, the most exciting thing is that the idea of ShibaSwap’s decentralized exchange continues to evolve.

Recently developers showed how the exchange would look after the launch.

In fact, after this bump in early May during the addition of trades on Binance, the developers could well go into the sunset completely satisfied with the money they earned.

The fall of the SHIBA INU token after listing on Binance

As a rule, cryptocurrency clones are created for quick sales and the opportunity to make lightning-fast capital, but Shiba-guys started to build a community and their product. It’s hard to say what will come out of this in the future; the market for the same DEX exchanges is now highly competitive. However, the fact that they move is an essential factor affecting the future price.

As for October 19th 2021, many whales have bought up vast amounts of Shiba Inu – escalated price to $0.00002836. As fear-of-missing-out (FOMO) continues to build behind SHIB, crypto investors find themselves driving SHIB price further than previous expectations.

Short Term Shiba Inu Prediction: 2021-2022

Month Minimum Price Maximum Price Average Price Change
2021
September 2021 $0.0000077 $0.0000113 $0.0000090 31.81%
October 2021 $0.0000077 $0.0000114 $0.0000091 33.19%
November 2021 $0.0000078 $0.0000115 $0.0000092 34.42%
December 2021 $0.0000079 $0.0000116 $0.0000093 35.41%
2022
January 2022 $0.0000079 $0.0000116 $0.0000093 36.23%
February 2022 $0.0000080 $0.0000117 $0.0000094 36.81%
March 2022 $0.0000080 $0.0000117 $0.0000094 37.11%
April 2022 $0.0000080 $0.0000117 $0.0000094 37.19%
May 2022 $0.0000080 $0.0000117 $0.0000094 36.98%
June 2022 $0.0000079 $0.0000117 $0.0000093 36.43%
July 2022 $0.0000079 $0.0000116 $0.0000093 35.55%
August 2022 $0.0000078 $0.0000115 $0.0000092 34.21%
September 2022 $0.0000077 $0.0000113 $0.0000091 32.38%
October 2022 $0.0000076 $0.0000111 $0.0000089 30.05%
November 2022 $0.0000074 $0.0000109 $0.0000087 26.92%
December 2022 $0.0000072 $0.0000105 $0.0000084 23.02%

*According to Tradingbeasts.com

Long Term Shiba Inu Prediction: 2023-2033

Year Mid-Year Year-End Tod/End,%
2023 $0.00003984 $0.00004217 +502%
2024 $0.00004267 $0.00005058 +623%
2025 $0.00005330 $0.00005104 +629%
2026 $0.00004572 $0.00005111 +630%
2027 $0.00005664 $0.00006143 +778%
2028 $0.00006630 $0.00005996 +757%
2029 $0.00006482 $0.00006977 +897%
2030 $0.00006238 $0.00006630 +847%

*According to Coinpriceforecast.com

Risks of Buying Shiba Inu

As with any investment, such as purchasing cryptocurrency, there are several risks to buying Shiba Inu that you should consider.

Frequent Dumping And Price-related Schemes

Shiba is one of those coins called meme-coins. Because of the low price and low liquidity, meme-coins are easy to manipulate. Traders buy an asset en masse in the pump and dump schemes, artificially raising its value (pumping). After other players on the crypto market start investing in it, the scheme participants sell their coins at an inflated price (dump).

The pump and dump schemes worked for Dogecoin and Gamestop: the price of both assets increased many times in a day  —  investors from the WallStreetBets subreddit “pumped it all.”

At the same time, the pumping of a coin is not always pre-planned. For example, in May 2021, Facebook CEO Mark Zuckerberg published a photo of his pet goats with the caption: “My goats: Max and Bitcoin.” As a result, over the next few days, the value of the Aqua Goat. Finance meme token, which had been launched a month before the publication, rose several times.

Influence On The Price By Celebrities

Many meme-coins become popular only after some celebrity mentions them. For example, Dogecoin was talked about in the crypto world and outside of it  —  among popular musicians and even actors. The same could quickly happen to Shiba.

Elon Musk is probably the most famous Dogecoin fan, who often posts tweets about the coin. His ability to influence the crypto market through his social networks has even been called the “Musk effect. However, Musk promotes other projects in his posts. For example, on June 1, he mentioned a popular children’s song, “Baby Shark,” which caused the token of the same name to explode in value several times.

That said, quite a few meme tokens are being created in Musk’s honor as well. When he wrote in March that if any scandalous event happened to him, he wanted it to be called Elongate (similar to the Watergate scandal that ended with U.S. President Richard Nixon). Within an hour after this post was published, the ElonGate token of the same name appeared on the crypto market. That project is still alive and has even donated more than $3 million in profits to charity since its launch.

Low Liquidity

Not every coin has the same popularity. Since the Shiba coin doesn’t have a large trading volume, not every exchange trades it: for example, you can’t buy Shiba on AvaTrade, however hard you try. The main risk related to Shiba’s price is that meme-assets usually have a huge issue  —  for example, the developer Shiba Inu issued a quadrillion (15 zeros) coins. According to the basic rule of economics, as the number of coins increases, their demand falls, hence the price.

Selling Shiba Inu: A Quick Overview

When it comes to cash in your Shiba Inu, the procedure will differ on how you purchased and stored it.

For example, if you made the Shiba Inu purchase at eToro, the process would look like the following:

  • You buy $750 worth of Shiba Inu at eToro with an Australian debit card
  • The eToro platform stores coins on your behalf
  • Once you decide to sell the Shiba Inu, for example, when it’s worth $1,000
  • You go to your eToro account and click the Sell button
  • The $1,000 are added to your eToro cash balance
  • You can withdraw funds back to your debit card.

As you can see from the examples above, it’s considerably more convenient to utilize an FCA-regulated broker such as eToro. As a result, you don’t have to worry about keeping the Shiba Inu in a secret wallet. And, of course, this implies that you can cash out your Shiba Inu investment whenever you want.

Conclusion

While opinions on the fairness of Shiba coin’s pricing differ, many believe the coin will enter a new phase of development. A quick survey of retail investors reveals that they are excited about the meme coin.

You can invest in Shiba if you are willing to take risks associated with the SHIB and consider temporary drawdowns or freezing your assets as a possibility. If you want to invest in a credible and long-term asset, you could put a small portion of your money in Shiba and the rest in a crypto ETF or a prominent cryptocurrency like Bitcoin, Ethereum, or XRP.

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About Farkhad Fatkhulov PRO INVESTOR

Farhad is a commercial writer focusing on finance & investment and niche B2B. The author's distinctive feature is the depth of research and information analysis. With more than a thousand articles under his belt, Farhad combines financial knowledge with real-life investment portfolio managing experience. He also writes for FinTech & Crypto related projects due to his knack for technologies.