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The world of cryptocurrency is constantly growing and changing with new technologies. As of 2022, there are approximately 10,000 types of cryptocurrency coins, up from just a handful back in 2013. With so many new tokens coming out, what makes Shiba Inu (SHIB) a coin to start investing in?

Shiba Inu is an Ethereum-based cryptocurrency. It’s known as an altcoin, which is basically a name for any cryptocurrency that isn’t Bitcoin. It’s also known as a meme coin, meaning that it was originally conceived as a result of an internet meme.

In this case, the theme is the popular Shiba Inu dog. While this famous Japanese dog breed itself isn’t a meme, it has been featured in many iconic internet pictures.

As a result of its status as a meme coin, many investors and cryptocurrency enthusiasts have deemed it unworthy of serious consideration. Since the value of a meme coin can fluctuate wildly, many investors find it hard to build a large position in the coin because the value could change drastically over a couple of years.

Shiba Inu is also known as an ERC-20 token. This essentially means that it runs on the Ethereum blockchain, hence why it’s known as an Ethereum-based cryptocurrency. It was created in August 2020 by Ryoshi. It’s currently unknown whether this is a group or an individual.

Shiba Inu was created with the purpose of preserving decentralization. Decentralization is one of the biggest selling points of cryptocurrency, giving it the ability to function without being impeded by authoritative institutions such as banks and government bodies.

This prevents it from being monopolized and gives more power to regular individuals who want to buy, trade, or use the currency. Shiba Inu runs on the Ethereum blockchain because it’s well-established and allows it to remain independent.

As of writing this post, SHIB is worth around $0.000009000, with a market cap of $4,962,825,374. It reached an all-time high of $0.00007482, with a market cap of $41 billion in October 2021.

While both coins are themed around the popular Shiba Inu breed, Shiba Inu and Dogecoin (DOGE) are completely separate projects. However, they do share the status of meme coins.

The first popular meme coin was Dogecoin, which currently sits at $0.08. The highest it has reached was $0.64 on May 7, 2021. Although it originally started as a joke, the coin has been given a lot of publicity thanks to Elon Musk: It would jump in value every time the Tesla founder tweeted about it.

In January 2022, he even made an announcement that some Tesla products could be purchased with Dogecoin.

Memecoins are typically made as jokes, but with widespread adoption from reputable influencers, they can quickly take on a life of their own and begin growing out of raw popularity. This is what happened with Dogecoin and could easily happen to Shiba Inu as well.

Shiba Inu is currently growing in popularity as a meme coin. It has a well-known mascot and is starting to build a large and loyal following. But should you invest in Shiba Inu, or is it doomed to forever be a meme coin with no real value? No one can tell you that for sure, but here, we’ll examine some of the reasons you might want to start investing in this coin now.

Cryptocurrencies need to keep up in terms of technology if they want to appeal to a larger audience. After all, the value of a coin needs to be relative to its real-world use and not just the fact it has a cute dog as a symbol.

Thankfully, the team at Shiba Inu hasn’t forgotten about this. They have recently launched a decentralized exchange called ShibaSwap that was created for users to stake their SHIB tokens in exchange for interest. In addition, they have also announced plans to enter the Layer-2 space with its own network focused on scalability.

This is extremely promising for Shiba Inu’s future and is proof that the team wants it to go beyond the status of just a meme coin.

But although the technology is certainly promising, it doesn’t mean that Shiba Inu is guaranteed to be worth a lot of money in the future. As with all cryptocurrencies, the value of this coin will depend on the decisions the team makes in the next few years.

If anything, the team’s willingness to improve on the technologies surrounding Shiba Inu is a promising sign of things to come.

Shiba Inu isn’t just a single cryptocurrency – the SHIB currency has a growing ecosystem surrounding it, projects such as the above-mentioned ShibaSwap platform and two other associated tokens: Leash (LEASH) and Bone (BONE).

Leash is the second token in the Shiba Inu ecosystem, with 107,646 tokens - a much lower number compared to the trillions of Shiba Inu tokens. Bone has a total supply of 250 million tokens and is designed to be a governance token that allows the ShibArmy community to vote on upcoming proposals.

In addition to these tokens, Shiba Inu also has the Shiba Inu Incubator, a platform that “allows holders to find the tools they need to bring their inspiration and unique perspectives to life.” While this sounds a little vague, it shows that the team at Shiba Inu has long-term plans to grow its community and push its coin out of its status of just a meme coin.

Lastly, there are also the Shiboshis. These are 10,000 Shiba Inu-generated nonfungible tokens that have been written on the Ethereum blockchain. These have different traits, making each of them completely unique and giving them a collectible quality.

NFTs have grown massively popular over the past few months, and the Shiboshi collection aims to take advantage of the trend and attract potential NFT investors to the coin. Again, this shows the team’s ability to identify and take advantage of trends in order to grow the value and presence of its coin.

Shiba Inu is in a unique position thanks to the community surrounding it. As more people talk about the coin and its related projects, the value of the coin will begin to rise thanks to social media speculation.

The team’s push into NFT territory also gives it more presence in the cryptocurrency world. As the community grows stronger, so do the networking opportunities, connections, and the number of investors.

One of the biggest advantages of SHIB is that a single coin is currently worth just a fraction of a cent. This means that it’s possible to buy millions of SHIB coins for just a few hundred dollars. This can represent a fantastic low-cost investment opportunity for anyone interested in altcoins or cryptocurrency in general.

It significantly lowers the barrier of entry and allows everyone to invest in cryptocurrency.

However, that doesn’t mean that the gains with SHIB are low. In fact, there are a surprising number of opportunities to make a sizable amount of profit with this coin.

In August 2020, SHIB started trading at just $0.00000000051. Given that its peak price in October 2021 reached $0.00007482, that means the coin had grown by 14,670,488%. A small $10 investment would have seen returns of $1,467,050.

While this opportunity is no longer available, it does show that SHIB has massive potential for future gains despite being such a cheap investment right now.

Another great example of this would be an unknown trader who purchased around 70 trillion SHIB tokens for roughly $8,000 back in August 2020 during its initial launch. A year later, those coins accounted for about 13% of SHIB’s total circulation of 550 trillion.

The investment gained a staggering value of $5.7 billion, equating to a roughly 7.1 million percent return.

As with any investment, it’s essential to understand that there are always going to be risks involved. With Shiba Inu, the primary risk is in the coin’s status as a meme coin.

This puts it into the category of speculative investments and is further enforced by the coin’s limited utility. Much of the value of SHIB is in how it’s perceived by the general public and social media.

For example, 50% of SHIB’s token supply was initially sent to Vitaly “Vitalik” Buterin, the founder of Ethereum, on which the SHIB coin is based. While the motive wasn’t clear, people speculate that the move could have been a publicity stunt to encourage more social media activity.

Others believed that depositing so many coins into Buterin’s wallet meant that the coins would be more scarce. A couple of months after SHIB was introduced to the world, Buterin announced that he would sell $1 billion worth of SHIB tokens and donate the proceeds to charity.

He also burned about 90% of his SHIB coins and planned to donate the remaining 10% to charity.

Although the initial sale of Buterin’s SHIB coins caused the price to fluctuate, burning his remaining supply ultimately increased scarcity and the value of each coin. This social media stunt could’ve backfired immensely, but holders were fortunate that Buterin decided to burn his remaining tokens.

This is a great example of how SHIB’s value can be influenced by seemingly random social factors and events, and it should be a consideration for all investors to keep in mind.

The process of buying SHIB is the same as with any other coin.

In general, any investor searching for where to buy Shiba Inu should know that as a meme coin with an unpredictable value, SHIB is a risky investment. Thankfully, its low price means that anyone can build a relatively large position in SHIB and not be hit with a huge financial loss.

This makes it a good investment for people who believe in the SHIB community and are positive about its future growth, but it can also be a great place to get started with a low-cost cryptocurrency.


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Gisborne (Māori: Tūranga-nui-a-Kiwa "Great standing place of Kiwa") is a city in northeastern New Zealand and the largest settlement in the Gisborne District (or Gisborne Region). It has a population of 37,700 (June 2022).[1] The district council has its headquarters in Whataupoko, in the central city.

The settlement was originally known as Turanga and renamed Gisborne in 1870 in honour of New Zealand Colonial Secretary William Gisborne.[2]

The Gisborne region has been settled for over 700 years.[3] For centuries, the region has been inhabited by the tribes of Te Whanau-a-Kai, Ngaariki Kaiputahi, Te Aitanga-a-Mahaki Rongowhakaata, Ngāi Tāmanuhiri and Te Aitanga-a-Hauiti. Their people descend from the voyagers of the Te Ikaroa-a-Rauru, Horouta and Tākitimu waka.[4]

East Coast oral traditions offer differing versions of Gisborne's establishment by Māori. One legend recounts that in the 1300s, the great navigator Kiwa landed at the Turanganui River first on the waka Tākitimu after voyaging to the region from Hawaiki[5][6] and that Pāoa, Captain of the waka Horouta, followed later. An alternative legend recounts that Kiwa waited so long for the Horouta canoe to arrive that he called its final landing place Tūranganui-a-Kiwa (The long waiting place of Kiwa).[7]

However, a more popular version of events is that Horouta preceded Takitimu. In 1931, Sir Āpirana Ngata stated that Horouta was the main canoe that brought the people to the East Coast and that Ngāti Porou always regarded Takitimu as "an unimportant canoe".[8] Māori historian Rongowhakaata Halbert affirmed this account, stating that Paoa's crew on the Horouta were the first inhabitants of the East Coast after migrating from Ahuahu or Great Mercury Island.[9][10] Paoa gave his name to various places across the region, most notably the Waipāoa River (Wai-o-Pāoa).[4]

During the 14th century, Māori tribes built fishing villages close to the sea and built pā on nearby hilltops.[6]

Gisborne's Kaiti Beach is the place where British navigator Captain James Cook made his first landing in New Zealand upon the Endeavour.[11] Cook had earlier set off from Plymouth, England in August 1768 on a mission bound for Tahiti. Once he had concluded his duties in Tahiti, Cook continued south to look for a large landmass or continent, before heading west.[7][12] Young Nick's Head was thought to be the first piece of New Zealand land sighted by Cook's party, and so named because it was first observed by cabin boy Nicholas Young on 6 October 1769.[13]

On 9 October, Cook came ashore on the eastern bank of the Turanganui River, accompanied by a party of men.[7] Their arrival was marred by misunderstanding and resulted in the death and wounding of nine Māori over four days. It was also on the banks of the Turanganui River that first the township of Turanga, then the city of Gisborne, grew as European traders and whalers began to settle in the river and port area.[6][14]

The landing site was commemorated by a monument in 1906, on the 137th anniversary of Cook's arrival. In 1964, the Gisborne committee of the New Zealand Historic Places Trust registered the land around the monument as a historic reserve, and in 1990 it was designated a National Historic Reserve and put under the care of the Department of Conservation.[12][15]

In 2019, a memorial was erected by Ngāti Oneone on Titirangi, a local hill, to honour Te Maro who was one of the first casualties of the arrival of the ship Endeavour.[16]

Starting in the early 1830s, traders such as Captain John Harris and Captain George E. Read set up the first trading stations along the Turanganui river and are attributed to the founding of the town. Over the next 30 years, many more European traders and missionaries migrated to the region. In 1868, the government bought 300 hectares of land for a town site. The town was laid out in 1870 and the name changed from Turanga to Gisborne, after the then colonial secretary, and to avoid confusion with Tauranga. In 1872, Gisborne's first public school was opened and its first newspaper, the Poverty Bay Standard was established.[10] A town council was formed in 1877.[2][6]

Te Poho-o-Rawiri and Te Kuri a Tuatai marae are located in the city suburbs.

Gisborne is a coastal city located on the east cape of New Zealand's North Island. It sits at the south end of the Gisborne District and also within Poverty Bay. The Poverty Bay Flats encompass Gisborne city as well as surrounding areas Mākaraka, Matawhero and Ormond, where vineyards and farms are prominent.[17] Gisborne is flat towards the shoreline, but forested and hilly inland.[18]

Gisborne boasts a large stretch of coastline encompassing the Waikanae and Midway, Kaiti, Sponge Bay, Wainui and Makorori white sand beaches, which are popular for swimming and surfing.[19]

Sometimes referred to as the 'City of Rivers', Gisborne sits at the convergence of the Waimata, Taruheru and Turanganui rivers.[20] At only 1200 meters long, Turanganui is the shortest river in New Zealand.[21]

Kaiti Hill (Titirangi), which sits directly above Cook's landing site,[22] provides expansive views over the city and wider Poverty Bay.[23] Many archaeological sites have been identified on Titirangi, including burial grounds, terraces, and middens. Titirangi Pā sits near the summit.[24]

In the wider area surrounding Gisborne are two arboreta, Eastwoodhill, the National Arboretum of New Zealand at Ngatapa which spans over 130 hectares, and the smaller 50 hectare Hackfalls Arboretum at Tiniroto.[25][26]

Until Samoa and Tokelau's dateline shift in December 2011, Gisborne claimed to be the first city on Earth to see the sun rise each day. However, this is now only accurate in New Zealand's summer months.[27] Sunrise in Gisborne ranges from 5:36 am in early December to 7:26 am in late June.[28]

The region is sheltered by high country to the west. Gisborne enjoys a temperate oceanic climate (Cfb - Köppen climate classification) with warm summers and cool winters, temperatures rarely drop below 0 °C (32 °F) and occasionally rise above 30 °C (86 °F)[29] with a yearly average of 2,200 sunshine hours. The annual rainfall varies from about 1000 mm near the coast to over 2500 mm in higher inland country.[30] According to the NIWA dataset for 1981–2010 normals, Gisborne narrowly edged several other cities to have the warmest summer maxima of official stations.[31] Winters are slightly cooler than more northerly areas, rendering that over the course of the calendar year, Gisborne is not the warmest station in the country.[32] Even summer mean temperatures are lower than in northerly areas, despite the highs due to the cooler nights. Despite this, yearly mean temperatures are still some way above average for New Zealand as a whole.

The harbour was host to many ships in the past, and had developed as a river port to provide a more secure location for shipping compared with the open roadstead of Poverty Bay, which can be exposed to southerly swells. A meat works was sited beside the harbour and meat and wool were shipped from here. Now the harbour is the home of many smaller fishing boats as well as ships loading logs for export.

The city maintains a rural charm and is a popular holiday spot. Local industries include agriculture, horticulture, farming and forestry. Wine production is also valuable to the local economy.

The Tairāwhiti Tamararo Regionals are an annual regional haka competition held in Gisborne in memory of Karaitiana Tamararo.[35]

Gisborne is host to Rhythm & Vines, an annual 3-day music festival held over the New Year at Waiohika Estate. In 2012 and 2013, Rhythm and Vines made skinny-dipping world record attempts.[36]

The Lowe Street Museum was the first museum in Gisborne, located in the Lowe Street Municipal Offices. In 1955, the collection of Māori artefacts of William Lysner were put in his former residence, Lysner House, which was sold to the city for a nominal sum. It is now known as the Tairāwhiti Museum.[37]

Since 2019 the Te Tairāwhiti Arts Festival is an annual event in the region with many events taking place in Gisborne.[38]

The Gisborne urban area had a usual resident population of 34,527 at the 2018 New Zealand census, an increase of 3,294 people (10.5%) since the 2013 census, and an increase of 3,228 people (10.3%) since the 2006 census. There were 16,623 males and 17,907 females, giving a sex ratio of 0.93 males per female. Of the total population, 8,229 people (23.8%) were aged up to 15 years, 6,603 (19.1%) were 15 to 29, 14,184 (41.1%) were 30 to 64, and 5,511 (16.0%) were 65 or older.[41]

In terms of ethnicity, 58.8% of the population identified as European (Pākehā), 51.6% as Māori, 5.3% as Pacific peoples, 3.5% as Asian, and 1.3% as other ethnicities (totals add to more than 100% since people could identify with multiple ethnicities).[41]

Gisborne had an unemployment rate of 9.4% of people 15 years and over, compared to 7.4% nationally. The median annual income of all people 15 years and over was $24,400, compared to $28,500 nationally. Of those, 41.9% earned under $20,000, compared to 38.2% nationally, while 19.6% earned over $50,000, compared to 26.7% nationally.[39]

Gisborne has the smallest percentage of the population born overseas at 9.7% compared to 25.2% for New Zealand as a whole.[42] The highest of these are British, totalling 1,335 or 3.1% of the population.[43] Furthermore, 73.0% of the population could speak in one language only, 16.2% in two languages and 1.1% in three or more languages.[39]

Gisborne City has four main high (secondary) schools: Gisborne Boys' High, Gisborne Girls' High, Lytton High and Campion College. Campion College is a Catholic co-educational school.

Gisborne Airport serves as the domestic airport for the Gisborne Region. Regular flights between Auckland and Wellington are serviced by Air New Zealand under the Link brand, while a smaller airline called Air Napier provides services to Napier and Wairoa. For 25 years Sunair operated from Gisborne to Hamilton, Rotorua, Napier, Whakatane, Tauranga, Palmerston North, Paraparaumu and Wellington but those services were suspended in 2022.[45] In 2023 Sunair announced it would give Gisborne another chance with services from Hamilton and Tauranga.[46]

State Highway 2 connects Gisborne to Tauranga via Ōpōtiki and Whakatāne to the northwest, and to Napier and the rest of Hawke's Bay via Wairoa to the south. SH 2 travels towards Gisborne from the northwest from Te Karaka, a settlement approximately 31 km northwest of Gisborne. SH 2 passes through Makaraka, a suburb on the outer fringes of Gisborne. It then crosses the Waipaoa River and makes its way south through Manutuke and Wharerata before it enters the Hawke's Bay Region towards Nūhaka, Wairoa, and eventually on to Napier.

State Highway 35 (part of the Pacific Coast Highway network) begins at a junction west of Gisborne with SH 2 just before SH 2 crosses the Waipaoa River on its way south to Manutuke. SH 35 borders Gisborne Airport to the south and enters Gisborne city on the southwestern fringes. It makes its way through the city out to the east, and continues up the coast, connecting Gisborne to the East Cape.

Public transport is poorly developed in Gisborne, with only 0.2% of trips made by bus in 2013/14. This compares with 2.3% nationally,[47] which itself is amongst the lowest proportions in the world.[48] Go Bus is contracted to the council to run 22 services a day on 6 routes Monday to Friday,[49] using 2 buses.[50] From 1913 to 1929, Gisborne had battery-powered trams. Since then, public transport has declined to about a fifth of the usage then. In 1930, the municipal buses travelled 6,631 mi (10,672 km), and carried 28,531 passengers in 2 weeks.[51] In 2012/13 the city buses carried about 78,000 passengers in 52 weeks, at a cost of about $120,000 a year, with about another $85,000 from fares.[52]

Gisborne is the northern terminus of the Palmerston North - Gisborne Line railway, which opened in 1942 and mothballed (track kept in place, but all services cancelled) in 2012. The permanent way has since suffered storm damage including bridge collapses and the line is believed unlikely to re-open for economic reasons. Prior to this, an isolated section of line operated from Gisborne to Moutohora – intended to be part of a line to Auckland via Rotorua, and later part of the East Coast Main Trunk Railway line. This connection was never completed, and the Moutohora Branch line closed in 1959.

Rail passenger services were provided between Gisborne and Wellington until 1988, when the Endeavour express was cancelled north of Napier. Today, only the Gisborne City Vintage Railway operates limited heritage train rides out of Gisborne.

In February 2018, the first grants from the Provincial Growth Fund included $2.3 million for the Gisborne port.[53]

Gisborne City was the setting of the 2014 drama film The Dark Horse, a biographical film starring Cliff Curtis about the late speed-chess champion, Genesis Potini. The film was shot in Gisborne and Auckland in the winter of 2013.[55]

In March 2016, Gisborne hosted the premiere of Mahana, a New Zealand film set in Patutahi and Manutuke, and based on Witi Ihimaera's semi-autobiographical novel Bulibasha: King Of The Gypsies.[56]

Gisborne has four sister cities, a sister port, and five friendly cities.[57]


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