Most crypto analysts would dismiss the so-called meme coins right from the start. Yet, beyond all reason, some of them exploded in popularity, especially as they were supported and promoted more or less directly by celebrities or millionaires.
Elon Musk frequently tweeted about memes and started to support the meme cryptocurrency Dogecoin. This is one of the reasons why Doge ranks in the top 10 cryptocurrencies by market cap, even if it has no actual use.
After this event, investors looked for other canine coins to invest in, and the Shiba Inu token (SHIB) cheerfully benefited from the interest.
Additionally, it caught the public interest also because it uses the proof-of-stake consensus mechanism, crypto staking being a direct way of earning rewards from hodling your crypto for a specific timeframe to sustain the blockchain operation.
So, in this article, we are going to show you how to stake Shiba Inu, this doggy-themed cryptocurrency that is getting more and more interest from the public.
What is Shiba Inu (SHIB)?
Shiba Inu (SHIB) is an ERC-20 token that features the Shiba…
