Where to Buy Cryptocurrency Shiba Inu – Time To Buy The Dip?

Where to Buy Cryptocurrency Shiba Inu – Time To Buy The Dip?

By Jack Pearson - min read
Updated 13 July 2021
Two Shiba Inu dogs in a tree

Shiba Inu has seen a price decline of 7% in the last day while volume has seen a boost of around 20%.

Shiba Inu, the meme cryptocurrency, has seen a decline along with most of the crypto market. After dipping by around 7% in the last 24 hours, there was an increase in trading volume of around 20%. It is unclear whether this increase is traders selling their coins as the price of Shiba Inu dumps, or if these are long orders as other traders see an opportunity to buy Shiba Inu at a cheaper price.

In more bullish news, the coin received a listing on Voyager, which may have led to the increase in trading volume – however according to data on Coingecko, the majority of the project’s volume has come from Binance, which accounted for 35% of the total trading volume.

Where to buy Shiba Inu

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Bitstamp

World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.

What does buy the dip mean?

In order to buy cryptocurrency projects such as Shiba Inu at the best possible prices, traders opt to “buy the dip” which allows them to buy up coins at cheaper prices, meaning their fiat cash investment will reward them with more coins than if they choose to buy at higher prices.

Shiba Inu has declined almost 100% from its all time high at $0.00003791 since last month.