Shiba Inu Project Promotion: How One of the Most Popular Currencies Was Launc...

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The number of different digital assets on the cryptocurrency market is increasing every day. Some of them are common, while others are not very popular due to poor promotion. Popularity often impacts the profitability of an investment in a specific asset. This short guide is dedicated to one of the most common coins - Shiba Inu. Why is it so popular among investors? Why do they buy SHIB? These are the questions our experts are going to answer today.

Introduction to Shiba Inu Coin

The Shiba Inu coin is undoubtedly a famous asset, and even those who are not aware of the changes in the crypto world may have heard of this token. First of all, we must take the time to familiarize ourselves with its concept and the history of its creation. How did the Shiba Inu become so popular?

How the meme coin concept contributes to promotion success
Today, when people can’t imagine living without social media, memes are considered a very important part of our lives. Since the world of cryptocurrencies is very accessible, it has also been influenced by memes, which has given rise to the emergence of the so-called meme coins.

Memes are cryptocurrencies that have been created by taking  woocommerce web design service inspiration from popular memes on the Internet. They can also have fun and extraordinary features. Meme coins quickly become popular. They are often promoted by celebrities, which greatly contributes to the development of the coins. In many cases, such a “meme” coin can be created just for fun. However, many of these assets end up becoming valuable investments.

Fun and mainstream associations are the main reasons why a meme coin’s price can increase, while for other cryptocurrencies, utility is the main aspect. These tokens aren’t designed to serve higher purposes, but that doesn’t make them any less valuable.

Shiba Inu Coin is one of the most popular coins.

The Creation of the Shiba Inu
Shiba Inu was launched in August 2020. The developers of Shiba Inu are not public figures or well-known organizations. The person who developed it remains anonymous until today. The only thing we know is that the user's nickname is Ryoshi.

The SHIB token is based on the Ethereum blockchain. The creator, whoever it may be, was inspired by Dogecoin and memes about Shiba Inu dogs. In fact, it is a very successful spin-off, since this coin and other crypto assets created in the Shiba Inu ecosystem are often called “Dogecoin killer”, because Shiba Inu has become more popular than its predecessor.