<span style="font-weight: 400">SHIB token is often referred to as a potential Dogecoin killer, as both are considered meme currencies that grew in popularity as a result of Musk. They are currently lacking in fundamentals, and there are few choices for directly investing in it.</span>
<h2><span style="font-weight: 400">Shiba Inu Stood First In WazirX</span></h2>
<span style="font-weight: 400">Exchange of Indian cryptocurrencies, WazirX is one of the<a href="https://www.cnbctv18.com/business/wazirx-lists-dogecoin-rival-shiba-inu-tokens-in-india-9298531.htm" target="_blank" rel="nofollow noopener"> first exchanges to list SHIB </a>(Shiba Inu) tokens for trading in Indian rupees. SHIB is an ecosystem-based decentralized spontaneous community-building experiment. </span>

<span style="font-weight: 400">ShibaSwap is the project's decentralized exchange cryptocurrency, where you can exchange other cryptocurrencies for SHIB or vice versa. Since it has yet to launch, the only options are third-party exchanges such as Binance and Kucoin.</span>
<h2><span style="font-weight: 400">Everything You Need To Know About Shiba Inu</span></h2>
<span style="font-weight: 400">SHIB, also known as Shiba Token, is a decentralized cryptocurrency developed in August 2020 by an anonymous individual known as "Ryoshi."</span>

<span style="font-weight: 400">It debuted less than a year ago and is named after the well-known Japanese dog breed Shiba Inu. The meme "Doge" was inspired by a photograph of Kabosu, a dog who lives in Japan with Atsuko Sato. The meme is now a driving force behind the development of SHIB and Dogecoin.</span>

<span style="font-weight: 400">The volatility arose after Tesla CEO Elon Musk <a href="https://twitter.com/elonmusk/status/1390550521077977089" target="_blank" rel="nofollow noopener">tweeted </a>that he would like to buy a Shiba puppy. The crypto market was enthralled, and prices rose by 300 percent. SHIB is sometimes referred to as a satirical rip-off of Dogecoin.</span>

<span style="font-weight: 400">SHIB made headlines once more when<a href="https://www.cryptoknowmics.com/news/vitalik-buterin-burns-6-billion-worth-of-shib-tokens/"> Vitalik Buterin</a>, the creator of cryptocurrency ETH (Ethereum), announced a <a href="https://www.cryptoknowmics.com/news/vitalik-buterin-donates-100-eth-and-mkr-for-indias-covid-19-relief/">donation</a> of nearly $1 billion (Rs 7,310 crore) to support India's battle against a second Covid wave. The Covid Crypto Relief Fund in India got 500 ETH and 50 trillion SHIB. </span>
<h2><span style="font-weight: 400">Why SHIB Is Referred As Potential Dogecoin Killer?</span></h2>
<span style="font-weight: 400">The SHIB token is often referred to as a potential <a href="https://www.cryptoknowmics.com/news/self-labeled-dogecoin-killer-shiba-inu-pump-966-this-year/">Dogecoin killer,</a> as both are meme currencies that rose in popularity as a result of Musk. They actually lack fundamentals, and there are few options for investing directly in it.</span>

<span style="font-weight: 400">SHIB is based on Ethereum, while Dogecoin is based on Bitcoin's technology. It's a fungible token with a low value that can be multiplied by billions or trillions. Unfortunately, it has received almost no interest since its launch in August 2020. The token has lost nearly 40% of its value in the last week, and organic growth seems impossible.</span>

<span style="font-weight: 400">Binance does warn that SHIB is a more volatile coin than many others and cautions anyone interested in participating that the coin's value can fluctuate significantly.</span>

SHIB Token the Potential Dogecoin Killer Listed on WazirX

ShIB token is often referred to as a potential Dogecoin killer, as both are meme currencies that gained rapidly as a result of Musk's efforts.

Kavya Barua is a voracious learner who is fascinated by crypto and Fintech advancements. Graduated from Janki Devi Memorial College's B.A (Hons) English program at the University of Delhi. She aspires to be a successful professional, having a keen interest in learning and achieving results.

SHIB Token the Potential Dogecoin Killer Listed on WazirX

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