What is Shiba Inu Coin? Shiba Inu Coin is a cryptocurrency that was created as a parody of Dogecoin. It is named after the Shiba Inu dog breed, which is popular in Japan. The coin was created in August 2020 by an anonymous developer, and it quickly rose in popularity due to its low price and meme-based marketing. What are the benefits of Shiba Inu Coin? The main benefit of Shiba Inu Coin is its low price. At the time of writing, one Shiba Inu Coin is worth less than one cent. This makes it an affordable investment for people who are new to the world of cryptocurrency. Additionally, the Shiba Inu Coin community is very active on social media, which helps to generate interest and awareness of the coin. What are the risks of Shiba Inu Coin? As with any investment, there are risks associated with Shiba Inu Coin. The value of the coin is highly volatile and could drop significantly in value at any time. Additionally, the coin is not yet listed on any major exchanges, which means that it could be difficult to convert your investment into cash.