Is Shiba Inu cryptocurrency worth it? Many investors have this recurring doubt about this product. Based on a meme with the name of a dog breed, it was created in 2020 by an anonymous developer. 

This model was designed as an alternative to Dogecoin (DOGE), which is compatible with Ethereum. According to SHIB's own website, it calls itself the “Dogecoin Killer”. 

Currently, this currency is transitioning to a consensus mechanism, known as Proof of Stake. However, before finding out if this cryptocurrency is worth it, see the table. 

Created in August 2020, the Shiba Inu cryptocurrency is presented to users as “Dogecoin Killer” or “Dogecoin killer”, in Portuguese. Inspired by DOGE, its goal is to be a great competition, very popular among small investors. 

SHIB is a token issued by Ethereum. In short, it is a major player in the memecoin category. In other words, for fun purposes, this coin was created from a meme. 

According to experts, investment in SHIB is still speculative. In other words, there are no plausible fundamentals behind it, as is the case with the rest of the world's cryptocurrencies. 

In this sense, due to this characteristic, experts see Shiba Inu as an alternative for investors who want to gain value in a short space of time. After all, according to statistics, the currency has already managed to appreciate 100% in one week. 

In other words, when investing in SHIB, investors hope to catch one of the rising peaks. On the other hand, some experts believe that the Shiba Inu cryptocurrency is worth it, especially in the long term. 

After all, as it has a limited stock of 1 quadrillion units, this is one of the important characteristics to consider, especially when compared to its competitor, DOGE, which has an unlimited stock. 

Anyway, now that you know the main characteristics of SHIB, you're probably wondering: is the Shiba Inu cryptocurrency worth it? As mentioned, experts are still speculating about this currency. 

However, one of the main risks of investing in SHIB is the lack of fundamentals of the crypto asset. This means it could reach zero in the future. On the other hand, there are experts who believe that it could be worth a lot of money in the future.

However, because it is a memecoin, when it becomes a “fad”, it may be worth little or nothing. However, as mentioned, the Shiba Inu cryptocurrency is worth it, especially at appreciation peaks. 

Finally, if you want to know more details about how to buy a Shiba Inu, check out our content below and see the step by step.