Should You Invest In Shiba (in millions)?

The Shiba Inu coin, also known as the Shiba token, was launched in 2020 by an anonymous creator known as Ryoshi. Shiba Inu is represented on eToro as “Shiba (in millions)”, which is a “lot” of one million Shiba Inu units. By doing this, eToro offers users a clearer understanding of the pricing in a regular, two-decimal-point format. Like any other cryptoasset on eToro, users can invest in the amount of their choosing, at or above the minimum required for an investment. The coin is traded on eToro under the symbol SHIBxM and takes its name from a Japanese breed of hunting dog. Describing itself as a ‘decentralised meme token that evolved into a vibrant ecosystem’, the coin was launched as an alternative to Dogecoin, which later gained significantly in value. Designed as a cryptoasset to support a fan-favourite breed, Shiba Inu is one of the first cryptos to give back to charity. This cryptoasset has attracted the attention of Amazon Smile, and together, they collect donations that benefit Shiba Inu rescue charities around the world. The Shiba Token was launched with a supply of 1 quadrillion coins. In 2021 the coin started gaining attention as the success of Dogecoin caused investors to start looking for similar coins. A further boost came when Elon Musk referenced the coin on Twitter. Track the price of SHIBxM on eToro.