SHIBA Predator launched in March 2022 as a competitor to Shiba Inu and Dogecoin.
But what is Shiba Predator and where can I buy QOM?
What is Shiba Predator?
Shiba Predator (QOM) is a meme coin which launched on March 29, 2022, as a competitor to Shiba Inu (SHIB) and Dogecoin (DOGE).
QOM – the native token – has an initial supply of 5 quadrillion tokens.
The price of Shiba Predator peaked on April 3, 2022, 4 days after its launch, when it reached $0.000000380 – up 165 per cent from its initial value.
But the price has been declining ever since.
Shiba Predator has lost around 90 per cent of its value since its all-time high.
It’s currently unknown who founded Shiba Predator but the token allegedly aims to redistribute the finance in meme tokens.
Shiba Predator (QOM) was created as an ERC-20 token and built on the Ethereum blockchain.
The project aims to kill Dogecoin and flip Shiba Inu’s market cap. The website says: “ONE GOAL – FLIP SHIB MARKETCAP.”
How to buy Shiba Predator
1) Download Coinbase Wallet
2) Choose a Coinbase Wallet username
3) Securely store your recovery phrase
When you create a new wallet, you’ll be given a recovery phrase which has 12 random words.
The recovery phrase is the key to all of your cryptocurrency, meaning anyone with your recovery phrase has access to your cryptocurrency.
We recommend writing these down on paper and storing them securely.
4) Buy and transfer Ethereum to Coinbase Wallet
If you currently don’t have a Coinbase account, you’ll need to create one to buy Ethereum (ETH).
READ MORE ON 24/7 CRYPTO HERE
5) Use your ETH to buy Shiba Predator in the trade tab
If you’re using Coinbase Wallet on your phone, you can purchase Shiba Predator in the app.
Tap the (+) Buy on the Assets tab.
Then tap on the ‘Trade’ tab, where you can swap ETH for any token that runs on the Ethereum blockchain (ERC-20 tokens).
Click ‘choose coin’ and select Shiba Predator.
Input the amount of ETH you’d like to exchange for Shiba Predator.
Remember to leave enough for transaction fees.
Confirm your purchase and follow the instructions on the screen.
Is Shiba Predator a good investment?
No.
Despite the token soaring in price after it launched, Shiba Predator has no utility and no competitive advantages or unique features over other cryptocurrencies.
Shiba Predator is designed to make money for its founders.
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How risky is investing in cryptocurrency?
Cryptocurrencies have proven to be extremely volatile.
If you are willing to take the risk by investing in a cryptocurrency, make sure you understand what you are investing in and do your own research.
