Shiba Inu, or SIBU, is one of the most talked-about cryptocurrencies today. Although it launched last August, the coin remained relatively unknown until May 2021, when Elon Musk tweeted about it and started a discussion on it. Since then, the coin has made its way to the top of Twitter trends and online crypto chat rooms. A number of celebrities and influencers have joined the hype, too.
The 24-year-old YouTuber Brian Jung recently posted a video analyzing the Shiba Inu digital token. Jung had previously been a “hater” of memecoins, but now says that he prefers cryptos that have a solid foundation and real utility. He believes that the Shiba Inu coin is backed by a strong community on social media and has a positive future.
The Shiba Inu coin could be the catalyst that propels cryptocurrency prices to a high level. It could compete with other cryptocurrencies and reach $100 billion in value by 2025. But no one can predict how long the current market slump will last. Ultimately, it’s up to investors to determine how to profit from the rising price of the Shiba Inu.
Despite the positive press surrounding Shiba Inu, you should avoid falling for a Shiba Inu YouTube live giveaway. The scam uses a fake interview with Dorsey, Musk, or Wood to hype the Shiba Inu. And it also uses a fake giveaway page. You can spot a fake giveaway page by looking at the video’s description.
If you come across a video promoting a cryptocurrency, consider reporting it to YouTube. YouTube is a powerful tool for the crypto community. You can even report fake cryptocurrency videos. It will help to prevent scammers from stealing your money. Just remember, YouTube creators must be verified, and the truth will out eventually.
In October, a subset of giveaway scams robbed almost $9 million dollars. Most of this money came from Bitcoin, but Ethereum was also a victim. Ethereum lost $413,9