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What is Shido [New]

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What is Shido [New] (SHIDO)?

Shido [New] basic info

Name:Shido [New]

Ticker:

SHIDOBuy now

Introduction:

What Is Shido?

Shido is a layer 1 Proof-of-Stake (PoS) network that offers superior throughput and infinite scalability. As a permissionless and seamlessly interoperable platform, Shido bridges the gap between major blockchain ecosystems, including Cosmos, EVM ( Ethereum Virtual Machine), and WASM (WebAssembly). This interoperability allows developers the flexibility to choose their preferred environment, fostering innovation and diversity within the blockchain space. Built on the lightning-fast Tendermint consensus mechanism, Shido is designed to support a wide range of applications, from decentralized finance (DeFi) to non-fungible tokens (NFTs), without compromising on speed or security.

The Shido ecosystem is expansive, encompassing the Shido Network, Shido DEX (Decentralized Exchange), Shido App, Shido DeFi Card, and Shido Launchpad. Through initiatives like the Shido Grant Program, the platform ensures that talented developers are recognized and rewarded for their contributions, thereby nurturing a vibrant and innovative community that drives the network forward.

Resources

Official Documents: https://docs.shido.io/

Official Website: https://shido.io/

How Does Shido Work?

At its core, Shido leverages the Proof-of-Stake (PoS) consensus mechanism, which is renowned for its efficiency and sustainability compared to the traditional Proof-of-Work (PoW) model. PoS offers a greener alternative by significantly reducing the network's energy consumption, making Shido an environmentally friendly blockchain solution. The network's architecture is built to ensure endless scalability and free value sharing among the most prominent ecosystems in the industry, all powered by Tendermint's high-speed capabilities and secured by a decentralized, open-source network of validators.

Shido's interoperability is a key feature, enabling seamless transactions and interactions between different blockchain platforms. This is achieved through its compatibility with Cosmos, EVM, and WASM, which not only broadens the network's reach but also enhances its utility and appeal to developers. By providing a robust infrastructure that supports a wide array of applications, from DeFi to NFTs and beyond, Shido is paving the way for a more interconnected and efficient blockchain ecosystem.

Furthermore, the Shido ecosystem is designed to be user-friendly and accessible, with a range of products and services that cater to both novice and experienced users. The Shido DEX, Shido App, and other components of the ecosystem work in harmony to provide a comprehensive blockchain experience that emphasizes security, efficiency, and innovation.

What Is SHIDO Token?

SHIDO is the main token of the Shido platform, playing a pivotal role in its operation and governance. It is designed to facilitate transactions, reward users, and enable participation in governance through voting on proposals related to the network's development and future direction. SHIDO has a total supply of 18 billion tokens.

What Determines Shido’s Price?

The price of Shido, like any other token within the blockchain and Web3 ecosystems, is mainly influenced by supply and demand dynamics. Factors such as the latest news surrounding the Shido network, cryptocurrency trends, and the overall sentiment within the cryptocurrency market play pivotal roles in shaping its valuation. Cryptocurrency analysis and charts often provide insights into Shido's performance, offering price predictions based on historical data and current market conditions. Additionally, the rate of cryptocurrency adoption, particularly in sectors relevant to Shido's use cases, can significantly impact its demand and, consequently, its price.

Market volatility, driven by cryptocurrency regulation, security concerns, and the latest developments within the blockchain industry, also affects Shido's price. As investors gauge the best crypto investment for 2024 and beyond, they closely monitor these factors, alongside Shido's technological advancements and ecosystem growth. Cryptocurrency price predictions for Shido thus remain subject to change, reflecting the dynamic and often unpredictable nature of the cryptocurrency market. Understanding these elements is crucial for anyone looking to navigate the risks and opportunities presented by investing in Shido and the broader cryptocurrency landscape.

For those interested in investing or trading Shido, one might wonder: Where to buy SHIDO? You can purchase SHIDO on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

Current price:

$0.0007283More price details

All-time high:$0.04631

All-time low:$0.{5}9010

SHIDO supply and tokenomics

Circulating supply:17,823,338,000 SHIDO

Total supply:18,000,000,000 SHIDO

Max supply:18,000,000,000 SHIDO

Market cap:$12.98M

Fully diluted market cap:$13.11M

Links

Website:https://shido.io

Whitepaper:https://docs.shido.io

X:https://twitter.com/ShidoGlobal

GitHub:https://github.com/ShidoGlobal

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What is the development prospect and future value of SHIDO?

The market value of SHIDO currently stands at $12.98M, and its market ranking is #1104. The value of SHIDO is not widely recognized by the market. When the bull market comes, the market value of SHIDO may have great growth potential.

As a new type of currency with innovative technology and unique use cases, SHIDO has broad market potential and significant room for development. The distinctiveness and appeal of SHIDO may attract the interest of specific groups, thereby driving up its market value.

What will the price of SHIDO be in 2025?

Based on SHIDO's historical price performance prediction model, the price of SHIDO is projected to reach $0.001046 in 2025.

What will the price of SHIDO be in 2030?

In 2030, the SHIDO price is expected to change by +2.00%. By the end of 2030, the SHIDO price is projected to reach $0.001342, with a cumulative ROI of +82.36%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of SHIDO and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

SHIDO price SHIDO price prediction SHIDO news

Is SHIDO worth investing or holding? How to buy SHIDO from a crypto exchange?

If you want to buy SHIDO, the following information may be helpful for your investment decisions:

In the last 7 days, the price of SHIDO has fallen by -24.52%, leading to negative returns for most SHIDO investors. The market is currently pessimistic about the price trend of SHIDO.

It is important to note that the current price of SHIDO has retreated by -98.43% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether SHIDO is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in SHIDO or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of SHIDO, if you want to buy or sell SHIDO, you can consider Bitget for your trading needs. The best place to buy SHIDO is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Shido [New] has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Shido [New]. Here's a step-by-step guide on how to buy Shido [New] on Bitget.

Buy SHIDO now Coin buying guide

How to get Shido [New] through other methods？

Using cash to buy Shido [New] is not the only way to obtain Shido [New]. If you have the time to spare, you can get Shido [New] for free.

Learn how to earn Shido [New] for free through the Learn2Earn promotion.

Earn free Shido [New] by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Shido [New] airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Shido [New] through Bitget Convert, Bitget Swap, or spot trading.

What is Shido [New] used for and how to use Shido [New]?

The use case of Shido [New] may expand as the crypto market and the project itself develop. Currently, you can use SHIDO to achieve the following goals:

Arbitrage by trading SHIDO: Since SHIDO is a frequently traded cryptocurrency, the price of SHIDO is always fluctuating. Earn more SHIDO by buying low and selling high on the exchange. Bitget spot market provides a variety of SHIDO trading pairs to fully meet your needs.

Earn by staking SHIDO: You can also generate income through financial management methods such as staking SHIDO or lending SHIDO. Bitget Earn offers a variety of financial products designed to help you earn more income from your SHIDO.

Send or pay SHIDO: If you want to give SHIDO to your friends, a charity, or a fundraiser, or you want to pay someone with SHIDO, you can quickly and easily send SHIDO to the recipient through their payment address.

You can also go to the official website of the Shido [New] project to learn more about the use cases of SHIDO. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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