SHIB has been very popular in the cryptocurrency circle in recent years and is a "Dogcoin concept". It originated from a decentralized community experiment and was issued on the Ethereum network based on the ERC-20 standard. The development team locked 50% of the total supply on Uniswap and destroyed the other 50% to Vitalik Buterin to protect the interests of community members. There is also a ShibaSwap decentralized exchange with tokens such as LEASH and BONE to enrich the ecosystem.
Many investors around the world pay attention to SHIB, and its community is active. For example, a whale recently transferred 41.36 billion SHIBs from Coinbase 30 minutes ago, equivalent to US$1.07 million. A giant whale withdrew SHIB worth US$2.45 million from Coinbase after a lapse of 3 years.
India has a large population and a fast-growing economy, and pays high attention to emerging financial technologies. Although the government's attitude was vague, the public's acceptance of cryptocurrencies is growing, and SHIB already has a certain user base in India. Many people are curious and expectant about it, so it is possible for it to become an offline transaction payment method in India. I recommend paying attention to Musk's Marvin, who has recently risen strongly and has a chance to be listed on a major exchange!
