Shikoku Inu (SHIKO) is one more Dogecoin imitator, and has simply clocked a brand new all-time excessive. Read on to discover out the place to buy SHIKO.
Shikoku Inu, a meme coin based mostly on one more member of the Japanese Inu household of canine breeds, is flying this week, with 260% weekly gains and even a 113% rally during the last day. While the utilities of the token are in all probability nothing to do with the coin’s gains — which might nearly actually be attributed to the nebulous hype surrounding the now-saturated Dogecoin copycat market — they’re nonetheless extant, and we are going to discover these on this article.
Read on to uncover not solely the makes use of of SHIKO, but additionally how and the place to buy the token.
How & the place to buy SHIKO within the UK and elsewhere
Some traders want to use decentralised exchanges, or DEXs, to buy cash like SHIKO. We usually advise our readers to keep away from these platforms, although, as a result of they’re nearly all unregulated. This leaves merchants unprotected, with little they’ll do within the occasion of a hack or rip-off.
For this purpose, we typically promote the usage of dependable and legally compliant brokers and exchanges. Choose from our shortlist beneath and be a part of a platform that fits your wants. You can begin investing in cryptocurrency the minute funds attain your account pockets.
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What is Shikoku Inu?
Shikoku Inu is a meme coin (a coin with no actual utility and an ironic or subversive identify and look). It follows within the footsteps of Shiba Inu, BabyDoge, and Sanshu Inu, which have tried to entice traders leaping on the Dogecoin bandwagon.
As Dogecoin’s gains dried up in Spring 2021, impatient traders sought out different cash that will satiate their need to get wealthy fast with no effort concerned. Coins like Shikoku Inu deploy sharp advertising and marketing campaigns that faucet into traders’ intense greed and shortage complexes, permitting them to appeal to droves of latest cryptocurrency fanatics.
Shikoku Inu (SHIKO) veils its ironic and anti-market nature with obvious utility: SHIKO is used as a part of SHIKOSWAP, a decentralised alternate run by the SHIKO workforce. This DEX may feasibly be used, however faces stiff opposition from DEXs like PancakeSwap and UniSwap, which host a extra helpful number of cash.
Should I buy SHIKO right now?
Whether or not to spend money on any cryptocurrency is a subjective matter, and may finally be determined by the person investor after intensive deliberation, analysis, and danger administration. Shikoku Inu has truly bucked the development of most dog-related cash, reaching an all-time excessive this week after an preliminary capitulation that adopted its post-launch increase.
Hilariously, although, SHIKO’s worth chart on CoinMarketCap (see above) shows solely values of $0 on its worth axis, maybe indicating a deeper reality about meme cash.