Have you ever heard of the Dogecoin killer? The one cryptocurrency that has a striking semblance to Dogecoin but is still relatively popular? Then, do you know about the coin named after one of Japan’s favorite dogs? The experts would know by now, but let’s spell it out for beginners. The Shiba Inu (SHIB) coin is a popular meme coin, second only to Dogecoin. It started mainly as a joke and is inspired by the dog breed Shiba Inu as well as the success of Dogecoin. The creator, a mysterious individual known as Ryoshi, created it with humorous and playful intent. The community is very active, and they made it very popular in a short amount of time.
However, as with most meme coins, its value is at a meager rate. Unlike Bitcoin and others, SHIB has a one quadrillion maximum supply because it was designed to be surplus. With its vast community and fanbase, they have many transactions going on, and many of you would think, how do they profit from trading SHIB when it has such a low value? That is because they know how to utilize a crypto profit calculator Shiba. With the crypto profit calculator Shiba, you know how much a coin was bought for, how long you held it, and how much it is worth now, and by using how much it would be sold for, they can estimate their profit and loss from the Shiba coin. Let’s quickly explore what a crypto profit calculator is.
A crypto profit calculator is an essential tool for market research and strategy. It is one of the most critical tools a crypto investor must have, as it helps make more accurate judgments and take calculated risks. The crypto profit calculator Shiba helps to calculate how much profit or loss you can make from a transaction by factoring in many conditions. These conditions include:
The initial investment is the amount you invested in buying the SHIB coin. Sometimes, you may have had to use different currencies during the purchase. Advanced crypto profit calculator Shiba will allow you to input the currency you used in investing.
The quantity is the number of coins you buy in bulk or divisions. You need to total the quantity for the crypto profit calculator Shiba.
The purchase price is the price at which you buy each cryptocurrency unit. Cryptocurrency prices are dynamic, and meme coins are no exception; their prices fluctuate. This purchase price will affect the profit calculator estimates, so you need to input correctly the prices at which you bought each unit.
The current price reflects the volatility of cryptocurrencies as it plays a part in ensuring their prices are constantly changing. An excellent crypto profit calculator, Shiba, will factor in the current price of the cryptocurrency as well.
The fees and Costs feature is primarily available in advanced crypto profit calculators. This section is where you include any exchange fees or any other costs associated with the buying and selling of your SHIB.
Using all these, the crypto profit calculator Shiba will estimate the profit or loss you can make through your transactions.
Shiba Inu (SHIB) is a very popular cryptocurrency; there are a lot of tools, websites, and widgets that support SHIB, but how do you know which crypto profit calculator Shiba to go for?
Considering all the numerous tools out there, each with its strength and weaknesses, as well as their pros and cons, it is a hurdle to choose one that best fits the conditions of the best crypto profit calculator, Shiba. The recommendation for a crypto profit calculator here is PlasBit.
PlasBit is a multipurpose cryptocurrency platform with a wide array of tools and services for users to have the most accessible experiences in their cryptocurrency journey. Their widgets support over 50 coins, including the popular ones, Bitcoin, Ethereum, the altcoins, Litecoin, Bitcoin cash, Cardano, and of course, our dear meme coins, Dogecoin and Shiba Inu; this is one of the reasons why PlasBit is preferable to other crypto profit calculators Shiba. Not only do you have Shiba Inu, but you can also gain insights into other coins that have prospects. So, what are the features of PlasBit crypto profit calculator Shiba?
Investment Amount: This is the amount of money you invested in the SHIB coin. The PlasBit crypto profit calculator Shiba features over 30 currencies from various nations; this puts more options, convenience, and flexibility into your accounting.
Choose Cryptocurrency: This part is where you input the cryptocurrency you want to calculate. This article would be SHIB, but the PlasBit crypto profit calculator supports up to 50 different coins for you to choose from.
Initial Crypto Price: This is the price at which you bought your SHIB coin; this needs to be accurate or close since the result is an estimate.
Selling Crypto Price: This is the price at which the SHIB coin would be sold; this also needs to be accurate or close.
Investment Fee: The investment fee includes the various charges incurred during the investment of your SHIB coin. They can include charges like trading fees, management fees, performance fees, etc. These fees usually depend on the exchange platform you use; this is measured in percentage on the PlasBit crypto profit calculator.
Exit Fee: Exit fees, like investment fees, are charged by the exchange platform and according to their rates. They are the fees charged when you sell or withdraw your cryptocurrency from their platform.
Note: The Investment and the Exit fees are not necessarily needed to calculate your SHIB profit on the PlasBit crypto calculator. However, if you want a very accurate estimation of your profit/loss, you should include them.
Using a crypto profit calculator is not hard, and one of the pros of the PlasBit crypto profit calculator is that it is even easier to manipulate.
Step 1. Input the amount of your investment. Take care to choose the correct currency you traded in. A drop-down arrow is beside the box where you can change the currencies.
Step 2. Change the cryptocurrency choice to SHIB. By default, the cryptocurrency section will be on Bitcoin. Click on the drop-down arrow and type SHIB to change it.
Step 3. Input the Initial crypto price.
Step 4. Input the estimated selling price if you are yet to sell it, and if you have, just input the price at which you sold it
Step 5. Fill in the investment and exit fees, if there are any.
We assure you that you won’t find any better crypto profit calculator out there with this simple step to utilize. It is perfect for beginners and experienced crypto investors as well.
Shiba Inu and Dogecoin belong to a category called the meme coin. They are not meant to be serious assets, but their community base made them way more popular than intended. However, their value is at the bottom because they were made to be meme coins. To make a profit trading Shiba inu, that is where the crypto profit calculator Shiba comes in.
To help you estimate how much profit or loss you can or will make from a Shiba Inu transaction. To help readers further, we have introduced one of the best crypto profit calculators, Shiba, that you can use; PlasBit crypto profit calculator Shiba. Having mentioned the main features of an average crypto profit calculator Shiba, we also analyzed the features of the PlasBit crypto profit calculator Shiba, and you can easily compare them and see that the PlasBit crypto profit calculator Shiba offers all and even more advanced options. You can also see the section addressing how to use the PlasBit crypto profit calculator Shiba in 5 simple steps.
Remember, though, that crypto profit calculators are to make estimates and give you an idea of the profit and loss. Many factors on your side might affect the result in real life.