An Eventful Month for Shiba Inu Coin

Shiba Inu had an eventful month so far .

 The beginning of October rally of $SHIBA started with a simple Tweet from Elon Musk. However, things changed upside down towards tthe end when $SHIBA recorded a whopping 800% growth. Although it did not last long. But SHIBA made a significant place in it's Investor's hearts that is dwelling them to look for ways to make The $SHIBA : Doge Coin Killer, popular yet again. 

WILL SHIBA INU REACH ANOTHER ATH IN DECEMBER ?

CAN SHIBA INU EAT UP A ZERO FROM ITS PRICE BEFORE 2022 ?

Shiba Inu Coin Hits 1,000,000 Holder Milestone . 

Shiba Inu reached the 1,000,000 holder mark recently . In the time between these two milestones ,Shiba has reached several all time highs (the latest of which was $0.00008616) . There is another good news for Shiba Inu Holder. NewEgg Commerce,Inc a leading tech focused E-Retailer, has announced that they will accept Shiba Inu (SHIB) cryptocurrency as a form of payment on it's platform. The Company made the news official on a grand scale with a massive digital out-of-home (DOOH) campaign displayed on The Reef, North America's largest DOOH billboard. Situated at the intersection of the busy I-10 & I-110 in downtown Los An Angeles. The Reef is a Larger-than-life  platform for Newegg to drop its latest crypto news.

According to a dedicated Blog Post by SHIBA INU'S lead developer , Shytoshi Kusama SHIBA TOKEN will step forward to the Future Of Gaming . Apart from launching a AAA game studio, The SHIBA INU Team has also joint hand tha veteran game designer William David Volk, a former VP of Technology at Activision. SHIBA INU GAMES an new division in Shiba Inu Ecosystem Project, is focused on creating a video game primarily geared toward mobile platforms Android and iOS as well.

 The revenue from SHIBA INU Games' in-app purchase will be used to burn SHIB and LESH

 coins. This step has phenomenal repercussions for a sustainable increase in SHIBA COIN's price.

Cryptocurrency BAN in India? Will cryptocurrencies be banned or regulated?

Cryptocurrency and Regulation of Official Digital Currency Bill, 2021

Will cryptocurrencies be banned or regulated?

India is one of the world’s fastest-growing markets for cryptocurrency trading. It’s one of the biggest in the region and
expanding rapidly. An October report from  a crypto-analysis firm, found the Indian market grew 641% over the period from July 2020 through June 2021. As a whole, central and southern Asia was the fourth-largest crypto market studied, with more than $572.5 billion in value received during that period, or 14% of global transaction value. Cryptocurrency experts believe that since a cryptocurrency lacks any inherent value or liquidity, it may prove difficult  to ban the tokens, which could be called an asset, a commodity, a currency, or even a security. According to experts,  millions of people around the world could theoretically hold such a currency, which are basically pieces of code that can’t be ‘banned’ and also agree to use it as a medium of exchange, which will then lend it value.

Amid rising concern over the serious threats to the macroeconomic and financial stability of the country, India is set to propose a new cryptocurrency bill in parliament in the winter session.

According to a bulletin issued by the Lok Sabha on Tuesday; The crypto industry is hopeful there won’t be a complete ban on Cryptocurrencies. “The bill also seeks to prohibit all private cryptocurrencies in India. However, it allows for certain exceptions to promote the underlying technology of Cryptocurrency and its uses,” It also seeks “to create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India.”

There are a few things you should know and do:

• The bill that government wants to pass is to ban private cryptos.
• Do not get panic and wait for the proper bill to pass above this.
• Go and find the virtual currencies that you hold are private or not.
• Sell your private currencies as fast as you find the best deal.

Story Of Shiba Inu : The Most Popular Coin in The Universe

 Shiba Inu Tocken is Decentralized Cryptocurrency launched in August ,2020 by an anonymous person or group known as Ryoshi.

Shiba Inu coin is built of Ethereum and is the highest growing cryptocurrency among the top 100 coins in terms of market

capitalization. Shiba Inu features the Shiba Inu —A Japanese breed of hunting dog—as its mascot. Shiba Inu coin is sold as 

SHIB tokens. Shiba Inu is widely considered to be an alternative to Dogecoin; in fact, Supporters of Shiba Inu promotes it as "the Dogecoin killer."

One major difference between the two currencies is that while Dogecoin is a coin, Shiba Inu is a token. The difference   

A Japanese breed of hunting dog

between the two is that cryptocurrencies have their own blockchains, whereas crypto tokens are built on an existing blockchain. 

Shiba Inu was developed as the answer to a simple question - "what would happen if a Cryptocurrency project was 100% run by 

a community ?" The founder of Shiba Inu , Ryoshi described it's origins to an " Experiment in decentralized spontaneous 

community building." According to Ryoshi, the founder of Shiba Inu , the power of collective decentralization can build something stronger than a centralized team ever could do.

The Shiba Inu Ecosystem :

The Shiba Inu ecosystem includes following three tokens:

• Shiba Inu (SHIB)
• Leash (LEASH)
• Bone (BONE)

Shiba Inu (SHIB) is the project's foundational currency. Starting with a supply of 1 quadrillion 

(equal to 1,000 trillion), Ryoshi locked 50% in Uniswap (for liquidity purposes) and then sent the other 50% to Ethereum co-founder Vitalik Buterin for safekeeping. In May 2021, Buterin donated more than 50 trillion Shiba Inu coins, then worth over $1 billion, to a COVID-19 relief fund in India, when the nation was reeling from the Delta variant of the coronavirus. Shortly thereafter, Buterin also "burned"—or permanently removed from circulation—40% of Shiba Inu's total
supply to a so-called dead wallet.

Leash (LEASH): The second token in the Shiba Inu ecosystem, Leash represents the other end of the ecosystem's spectrum, 

with a total supply of only 107,646 tokens compared with the trillions of Shiba Inu tokens.

Bone (BONE) fits in between the other two tokens in terms of circulation supply, with a total supply of 250,000,000 

tokens. It is designed to be a governance token that will allow the SHIBArmy to vote on upcoming proposals.

The Shiba Inu Ecosystem also includes:

• ShibaSwap
• Shiba Inu Incubator
• Shiboshis

The main moto of DeFi Platform ShibaSwap is to provide a safe place to trade to its investor.

The moto of Shiba Inu Incubator to shift the focus beyond popular art forms such as painting , photography .

Where Shiboshis are 10000 Shiba Inu generated Non-Fungible-Token (NFTs) written on the Ethereum Blockchain , with different traits that make each Shibosish Unique and Collectible.

INDIA : THE LARGEST CRYPTO MARKET IN FUTURE

 India will be The Largest Crypto-Market in near future.

It’s amazing how much things have changed in a year. 

In March 2020, The Supreme Court had abolish the RBI circular  that stopped banks from providing services to cryptocurrency exchanges. India has changed it's mind set very dramatically.

Now, Young investors in tier 2 and 3 cities, who don’t understand much about the stock market, have taken  to virtual currencies such as Bitcoin, Ethereum, Cardano and $Shiba. According to Industry estimates there are 15 million to 20 million crypto investors in India, with total crypto holdings ofaround 400 billion rupees ($5.33 billion). For CoinSwitch Kuber, which recently became a unicorn, the average age of over 11 million users is 25 years. And 55% of its users are based in large cities like Delhi and Mumbai. For CoinDCX, the other crypto unicorn, 75% of its investors are aged between 20 and 34 years.Now a days, you switch on any Television Channel  and you see ads showing Bitcoin as a great investment instrument. Top Bollywood actors, Ranveer Singh to Ayushmann Khurrana, are seen promoting CoinSwitch Kuber and CoinDCX respectively. Bollywood actors are launching their non-fungible tokens or NFTs, 

which are bought and sold using cryptocurrencies. As per a report, over 10 million crypto investors were added by India in 2021. 

Lot's of Global Player in Crypto are waiting to enter into this largest Market. One Singapore-based largest virtual currency exchange Coinstore has begun operations in India in India at a time when the government is preparing legislation to effectively bar most private cryptocurrencies. In an interview Mr.Charles Tan, head of marketing at Coinstore told ," With nearly a quarter of our total active users coming from India, it made sense for us to expand into the market," Mr. Tan also said, "Coinstore plans to recruit about 100 employees in India and spend $20 million for marketing, hiring and development of crypto-related products and services for the Indian market. Coinstore is the second global exchange to enter India in  recent months, following in the footsteps of CrossTower which launched its local unit in  September this year.

What is CRYPTOCURRENCY ?

Cryptocurrency

Cryptocurrency is a digital payment maintained by a network of computers that uses cryptography to authenticate transactions. 

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.

The word “cryptocurrency” is derived from the encryption techniques which are used to secure the network.

Blockchains, which are organizational methods for ensuring the integrity of transactional data, are an essential component of many cryptocurrencies.

Popular CRYPTOCURRENCY 

Cryptocurrency is a form of digital asset based on a network that is distributed across a large number of computers. This decentralized structure allows them to exist outside the control of governments and central authorities.

Cryptocurrencies are systems that allow for secure payments online which are denominated in terms of virtual "tokens," which are represented by ledger entries internal to the system. "Crypto" refers to the various encryption algorithms and cryptographic techniques that safeguard these entries, such as elliptical curve encryption, public-private key pairs, and hashing functions.