Most Secure Wallets for Shiba Inu Coin
Top Trusted Wallets for Your Shiba Inu Coins
The Shiba Inu coin made waves in the crypto world in October of last year when it made impressive gains in a matter of days. Its market cap grew to more than $40 billion — more than what Dogecoin had at that time.
The SHIBA price is now around $0.00003. While that’s far from the ATH, the Shiba Inu coin price prediction is bullish.
The latest Shiba Inu coin price prediction suggests Shiba reaching $0.000196 by the end of 2027. That makes around an insane 700% return on investment.
Several factors may influence the price of SHIB. Some of these include:
- The overall crypto market conditions
- The number of coins in circulation
- The development team's ability to execute their goals
- The short- and long-term sentiments of Shiba Inu holders
- Ethereum's price relative to Bitcoin
- Social media activity of Elon Musk
Moreover, recent news on various developments in the crypto world can impact SHIB’s price.
How to Choose the Best Time to Buy Shiba Inu Coin
There is no doubt that Shiba Inu has the potential to evolve into a powerful player in the crypto world. But it all depends on factors like adoption, demand, and supply.
So how do you know when is the right time to purchase SHIB?
The answer lies in technical analysis (TA). It’s the study of historical prices and volume for accurate predictions. But TA isn't foolproof: it’s probabilistic.
A few things you need to keep in mind when using TA to forecast the price of SHIB:
- Always use multiple indicators to get a more accurate picture.
- Don't trade based on emotions; always stay calm and objective.
- Use stop losses to protect your investments.
For investors who believe in the potential of Shiba Inu, it’s recommended to hold long-term. Shiba is so volatile that day-trading isn’t worth the risk.
Types of Wallets for Shiba Inu Coin
You can use multiple types of wallets to keep your SHIB coins safe. Some of these include paper wallets, hardware wallter, and software applications.
Top 5 Best Shiba Inu Wallets in 2022
Here are the top five Shiba Inu wallets on the market.
1. Trust Wallet
Trust Wallet is an excellent option to store Shiba Inu because it's secure, beginner-friendly, and free of charge. It has over 5M users.
You'll find that it offers features not available in other wallets. With wallet staking, for instance, you get paid just for holding SHIB!
MetaMask is another great option for storing Shiba Inu coins. It's a browser extension or mobile app that allows you to store and use Ethereum-based tokens.
One of the main advantages of MetaMask is that it's straightforward to use. You install the extension on your browser (or app on your smartphone), create a password, and you're ready to go.
MetaMask is also a safe option. It uses two-factor authentication and has a built-in security feature that prevents anyone from stealing your coins.
3. Ledger Nano X
There's no better hardware wallet for Shiba Inu, or any coin for that matter, than the Ledger Nano X.
The most notable feature of Ledger Nano X is its security. The device preserves your private keys and keeps them away from the internet. This makes it impossible for anyone to steal your coins.
The only downside is the price. But if you're serious about security, it’s worth the money.
4. Trezor Model T
Another good hardware wallet option is the Trezor Model T. It's very similar to the Ledger Nano X, but it has a few added features, like a color touchscreen.
The wallet supports more than 1,600 digital coins, including Shiba Inu. So you can store all your digital assets in one place.
5. Atomic Wallet
If you're just getting started with crypto, Atomic Wallet might be the right choice for you.
The main advantage of Atomic Wallet is its beginner-friendly interface. It's very easy to use and set up, which makes it perfect for beginners to store Shiba Inu.
You also get the added benefit of making transactions and exchanging currencies on the wallet’s exchange platform.
The Atomic Wallet falls short regarding the range of cryptos it supports. But it does include Shiba Inu, so you're good to go!
Shiba Inu is a new digital currency that has been garnering attention in recent months. And as this coin’s community and use cases continue to develop, it's important to have a safe wallet for your coins. We have provided you with our top five choices and hope you will find the one to your liking.
Back to the list