Afcourse yes, Shared hosting is a right type of hosting as it is economical and also the provider do offer affordable plan at a affordable rates. As there are some more valuable features of shared hosting which make it a complete perfect hosting. Lets discuss one by one

1 First and the foremost thing is it give enough disk space at a affordable price. It mostly offers a disk space of 10GB. As if you have just started with your website 10gb is more than enough for your website. Moreover when the website grows you can exceed your plan limit. As it gives each to upgrade plan options.

2. It do provide a proper ssl certificate for your website. Although its cheap, shared hosting comes with the ability to install an ssl certificate ensuring total safety and security of website.

3. Apart from that, shared hosting provides total support for the server's installation and helps to integrate with other solutions.

Hope this was helpful!!!