Shiba Inu (SHIB) is an Ethereum-based altcoin (a cryptocurrency other than Bitcoin) using the Shiba Inu as its mascot, a Japanese hunting dog breed. Shiba Inu is commonly regarded as a Dogecoin alternative; in fact, its proponents refer to it as "the Dogecoin killer."

Ryoshi, an unidentified individual or group, invented Shiba Inu in August 2020.Shiba Inu and Dogecoin are meme coins, which are cryptocurrencies connected with a topic, such as the Shiba Inu dog in the case of Shiba Inu and Dogecoin, but which are frequently created as a parody or inside joke rather than as a digital commodity with actual utility.

Shibaswap is the name of a dex created by SHIB. ShibaSwap dex is the future generation in DeFi, combining SHIB, LEASH, and BONE. ShibaSwap's dex is a complicated and passive income incentive system allows users to DIG (offer liquidity), stake and SWAP tokens to earn WOOF Returns.

Shibaswap also gives ShibArmy members access to upcoming NFTs as well as additional features like portfolio monitors that make navigating the crypto market simple and intuitive.

Shiba Inu's value more than tenfolded in October 2021, reaching a peak market capitalization of $41 billion on October 29, 2021, making it one of the top ten meme cryptocurrencies by this metric. The meme coin's price increase was sparked by a tweet by Tesla company founder whose name is Elon Musk on Oct, 3, 2021 displaying a picture of his new Shiba Inu puppy Floki.

• EXCHANGES

SHIB INU (SHIB) is traded on Binance, FTX, Bithumb, Huobi Global, FTX US, Kucoin, Gate.io, MEXC, Coinbase, OkEX, Wazirx, bybit, bitfinex, Kraken, poloniex, and other major cryptocurrency exchanges.

Above are screenshots of exchanges that list the SHIB INU currency.

• COINMARKETCAP DETAILS

According to the Coinmarketcap website. The price of a Shiba Inu is $0.00002555 dollors. The price of Change 24h is $0.000002067. Its 24 hour low and high are $0.00002332 and $0.00002644, respectively. It has a 24-hour trading volume of $1,604,173,842.60 dollors. It has 0.74 percent Market Dominance and a Market Rank of 14.

It has a current market capitalization of $14,138,909,772.90 dollars. Its Market Cap is $15,186,246,659.82 dollors when fully diluted.
Its all-time high is $0.00008845, which it set 4 months ago on October 28, 2021. Its all-time low is $0.00000000082, which it set two years ago on September 1, 2020.

Shiba Inu's return on investment (ROI) is 1597673.52 percent. 549,063,278,876,302 SHIB is its Circulating Supply. The total supply is 589,735,030,408,323 SHIB, but the maximum supply is unknown.

---

Name	SHIB (INU)
Shiba Inu Price	$0.00002555
Price Change 24h	$0.000002556
Trading Volume 24h	$1,856,514,414.21
Market Dominance	0.74%
Market Rank	#14
Market Cap	$14,493,993,815.85
All Time High	Oct 28, 2021 (4 months ago) $0.00008845
All Time Low	Sep 01, 2020 (2 years ago) $0.000000000082
Shiba Inu ROI	1636548.96%
Circulating Supply	549,063,278,876,302 SHIB
Total Supply	589,735,030,408,323 SHIB
Max Supply	No Data

Why are you optimistic about this token today, and how long do you think it can rise?

I am enthusiastic about Shiba Inu coin for several reasons, including the fact that it is currently ranked number 14 in cryptocurrency, which is a solid position, and its market capitalization and volume are steadily expanding. For example, its volume has increased by 9% in the last 24 hours.One of the key reasons for my optimism is that the Shib Inu coin is now used in numerous places and is becoming more popular by the day.

Shib inu now has a dex called shibaswap, and it is a whole ecosystem. Another reason is that Elon Mask who is the richest person in this world is very interested in meme coins, of which Shiba Inu is one. We can see that he recently tweeted that he would like to buy a Shiba pub, which fueled the crypto market's 400 percent price spike. It has a huge effect over large investors in the crypto market due to its popularity.

How to analyze the token? (using the analysis knowledge learned from professors’ courses) — important part and Your plan to hold it for a long time or when to sell?

So, in accordance with the requirements of trading competition of this week's lectures, I prefer spot trading to futures and margin trading since it is less hazardous. So, I'm going to do a spot transaction on Binance, and I'm going to go with the SHIB/USDT pair. First and foremost, in order to have a better grasp of market patterns, I used the support and resistance lines on the candlestick chart of the Shib/USDT pair on a one-day time frame.

The chart was then given three indications. First and foremost, you can observe in the above screenshot that 1 dot is creating below the stop loss level in black circle, indicating that dots will making below the candle, indicating that price will rise and the market will be bullish.

After that, I confirm with the RSI indicator, which has a value of approximately 51, indicating that the market will continue to rise until it hits a value of 70. After that, I used the Triple exponential moving average indicator, and you can see that the price movement line is slightly above the TEMA indication line, indicating that it's a good time to enter the market and acquire SHIB coin.

As seen in the screenshots above, I purchased SHIB inu coin at a price of 0.00002670 with 16.60 USDT after all three indicators were confirmed.

As can be seen in the screenshots above, I sell all of my SHIB INU coins after 5 minutes at the price of 0.00002683 for a profit of 5 cents.

We cannot invest money in SHIB INU for the long run because it is a meme or shitcoin, as we all know. It is a short-term coin, and if we talk about how long it will rise, it will kill one more zero this year, in my opinion.

Do you recommend everyone to buy? and the reasons for recommending/not recommending.

No, I will not recommend this coin to anyone because we all know that the cryptocurrency business is extremely hazardous and fraught with dangers. And presently, the market fluctuates, going up and down, so if a person purchases SHIB coin and the market falls, he may suffer a loss. And not everyone thinks alike. Some people are able to cope with losses, while others are unable to. As a result, before purchasing any coin, please conduct your own investigation. And always buy any crypto coin on your own behalf after doing thorough research on it. Finally, because I am not your financial advisor, please buy any cryptocurrency with caution.

Anything other users want to share about the token/project.

Shiba Inu is presently at a crucial juncture, with a dramatic bullish or bearish movement possible in 2022. The optimistic element behind Shiba Inu coin is significant community support. Because it has a very large community and about half of all shareholders are now in the black, and more than 75 percent are considered large holders; hence, it can be assumed that the recent sell-off is simply seasonal, and bulls will return stronger any day now.