Shiba Inu jumps 7%; How much will it gain? Right time to invest?

New Delhi: The Shiba Inu self hailed as Dogecoin killer has been the flavor of the season in the cryptocurrency market as it is garnering huge attention and has emerged as one of the favoured choices of investors, especially in wake of a tailspin in cryptos like Bitcoin and Ethereum.

The market cap for Shiba Inu (SHIB) is $3,383,911,887 at the time of writing whereas, for Dogecoin the market cap for the currency is $42,023,385,746, which is a slight dip from where Forbes had placed it, earlier in May 2021.

The value of Shiba Inu (14 June 2021) has fluctuated between a 24 hour low of Rs. 0.000502 and a high of Rs 0.000528, at the time of writing.

So is this the right time to buy Shiba Inu?

Yes, this is the right time to buy as the price is stable. Right now you can buy 1,90,000 SHIB coins at just Rs 100, isn’t it great. You can buy the coin right now as it is expected that prices might go higher.

How to Buy

If you are looking to buy Dogecoin or Shiba Inu coin, you can use these apps:

1. WazirX

Download the WazirX app and sign up for the account. Before you start investing in Dogecoin, you need to do eKYC and enable the 2 Factor authentication. You also need to add your bank details to add and withdraw money.

Once you have added your bank account and perform KYC, you can check the available list of coins for trading. Tap on the Buy button in front of Dogecoin and then enter the amount you want to invest in the Dogecoin. You can make payments directly through bank deposit, credit card, debit Carr or UPI.

2. CoinSwitch

CoinSwitch is another notable and safe cryptocurrency exchange in India that lets you purchase and trade Dogecoin in India. You need to install the app, signup using your phone number, and add your bank account. As the app deals with crypto trading, you also need to do KYC. Once you have added your bank account, you can purchase the Dogecoin using Indian currency.