Shiba Inu (SHIB) has started roaring back after the pullback: here is where to buy it

Shiba Inu has started rising again after the recent pullback that started on October 27. The meme coin has surged by over 11% in the last 24 hours and we could be witnessing the start of a long-term Bull Run.

To help new investors and traders who want to take advantage of the Shiba Inu dip, Invezz has created a brief article to assist crypto traders and investors understand what SHIBA INU (SHIB) is and the best place to buy it.

Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

To find out more, please continue reading.

Best places to buy Shiba Inu

As SHIB is such a new asset, it’s yet to be listed on major exchanges. You can still purchase SHIB using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy SHIB right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‘connect’ your wallet to it.

4. You can now swap your ETH for SHIB

Now that you’re connected, you’ll be able to swap for 100s of coins including SHIB.

What is Shiba Inu?

SHIBA INU is a Shiba-dog-themed community coin that was created in August 2020.

It is part of a swarm of dog-themed cryptocurrencies that include the likes of Dogecoin (DOGE), Baby Dogecoin (BabyDoge), JINDO INU (JIND), Alaskan Malamute Token (LASM), and Alaska Inu (LAS).

SHIBA INU coin has attracted investors, especially those who missed out on the Dogecoin’s pump that took DOGE from about $0.0002 to $0.75.

Should I buy the SHIB token today?

If you want to take advantage of the recent Shiba Inu (SHIB) dip, it is the best time to buy since it seems to have hit the bottom after today’s surge.

Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.

Shiba Inu price prediction

Analysts expect the Shiba Inu to recover the recent pullback by the end of the year.

$SHIB social media coverage