-
Bitcoin $119500
0.84% - Ethereum
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1.53% - XRP
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-0.42% - Tether USDt
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0.00% - Dogecoin
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-0.53% - Sui
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3.11% - Hedera
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2.12% - Toncoin
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1.37% - UNUS SED LEO
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-0.08% - Shiba Inu
$0.00001321
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$11.43
3.93% - Polkadot
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3.47% - Dai
$1.000
0.00% - Ethena
$0.8007
3.11% - Bitget Token
$4.438
-0.44% - Monero
$271.0
1.61% - Pepe
$0.00001162
-3.61%
Which country issued SHIB coins? Is SHIB coins worth hoarding for a long time?
The value of SHIB, a decentralized cryptocurrency created in 2020, depends on market trends, adoption, competition, and the evolving regulatory landscape.
Oct 14, 2024 at 06:17 am
Origin of SHIB Coin
- SHIB coin is a decentralized cryptocurrency created in August 2020 by an anonymous individual or group known as Ryoshi.
SHIB Token Issuance
- The SHIB coin was not issued by any country. It is an independently created cryptocurrency that operates on the Ethereum blockchain.
Potential Value of SHIB Coin
- The value of any cryptocurrency, including SHIB, is subject to market volatility and speculation.
The long-term worthiness of hoarding SHIB depends on several factors, including:
- (i) Crypto Market Trends: The overall performance of the cryptocurrency market can impact the value of individual coins.
- (ii) SHIB's Adoption: Increased use and adoption of SHIB as a currency or investment vehicle could drive up its value.
- (iii) Competition: The emergence of new and competing cryptocurrencies can affect the demand for SHIB.
- (iv) Regulatory Landscape: Regulation and legal acceptance of cryptocurrencies can influence their perceived value and stability.
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