Last Updated on May 21, 2023 by Bitfinsider
The rise of meme coins in the crypto space is a relatively new phenomenon, and Shiba Inu’s (SHIB) recent success of surpassing Bitcoin (BTC) in trending searches demonstrates their growing importance.
Meme coins are cryptocurrencies that are inspired by online memes but typically have little practical application. Despite this, they have piqued the interest of many investors because to their low prices and potential for large gains.
Shiba Inu continues to dominate the crypto arena, having risen to the top of LunarCrush’s “Top 10 Trending Searches,” overtaking both PEPE Coin and Bitcoin. This meme-inspired cryptocurrency is gaining traction, and its active community on social media platforms has contributed significantly to its success.
Meme coins have grown in popularity as a result of the buzz created by their active communities on social media sites. Shiba Inu, for example, has a strong and active community on Twitter and Reddit, which has played an important role in its recent growth. The community’s efforts have been focused on promoting the coin and having it listed on various exchanges, which has contributed to its increased value.
Shiba Inu and other meme coins’ success shows that investors are looking beyond traditional cryptocurrencies such as Bitcoin and Ethereum and are willing to invest in fresh and more speculative assets. This tendency might be ascribed to the increased interest in the cryptocurrency field, which has drawn new investors seeking for the next big thing.
How to buy or trade SHIB on ProEX
You can buy or trade SHIB on ProEX. As ProEX frequently holds campaigns and events, you should check out its event page here to see if you can participate and win rewards as you trade.
On ProEX, you can trade SHIB as a spot pair (SHIB/USDT) in 3 simple steps:
- Sign up and register an account on ProEX
- Buy USDT via ProEX One-click Buy
- Trade SHIB/USDT at ProEX Spot
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.
