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$2.5T
Total marketcap
$76.65B
Total volume
BTC 50.91%     ETH 15.11%
Dominance
Shiba Inu

Shiba Inu SHIB Price

$0.00002591 12.6303%
  • ETH 0.0000000082
  • BTC 0.0000000004
ICO Price
ROI
FDV
$25.89B
Market cap
$15.26B
Low - High [24h]
$0.00002254 - $0.00002646
Vol [24h]
$738.23M
Cur - Max Supply
589.26T - 999.98T

Shiba Inu Price chart

Sorry, that's all we've gotfor now...

Statistics

Shiba Inu Price $0.00002591 All-time high $0.00008616 Days since ATH 907
Price change $0.00000291 (12.6303%) Date of ATH Oct 28, 2021 % of ATH -69.97%

Shiba Inu Review

Shiba Inu (code: SHIB)

Founded Date: Jul 31, 2020

Founders:

Ryoshi
Ryoshi
Founder

Shiba Inu(SHIB) - Coin Trading Data

Shiba Inu Price $0.00002591
Ticker SHIB
Market Capitalization $15.26B
Fully Diluted Valuation (FDV) $25.89B
Value 24h low $0.00002254
Value 24h high $0.00002646
Trade Volume for 24h $738.23M
Current Circulating Supply 589.26T
Maximum Supply 999.98T
Algorithm
ICO Price and ICO ROI
Price Change 24h % 12.6303%
SHIB quote $0.00002591
Fully Diluted Valuation (FDV) $25.89B

Shiba Inu(SHIB) ATH - All Time High Price

Shiba Inu ATH Price $0.00008616
SHIB quote 907
ATH Date Oct 28, 2021
All Time High % -69.97%

Shiba Inu Profile

Shiba Inu was launched on the Ethereum blockchain on the ERC20 standard and it is an alternative token that does not have its own blockchain. Shiba Inu has grown in popularity largely due to its unique ecosystem and dog-themed design, coupled with speculation on its price by retail investors and the active participation of the community of the coin.

This digital asset was inspired by the Japanese dog breed of the same name, which caused a viral meme trend in 2013 and later led to the creation of another well-known cryptocurrency, Dogecoin (DOGE).

The main feature of Shiba Inu cryptocurrency is the absolute community involvement. Most digital assets are influenced by the development team, at least partially. With Shiba Inu, the community has a monopoly. Moreover, the development team had no percentage of assigned tokens, making it one of the first cryptocurrencies with decentralized token offerings.

shiba inu coin

History of Shiba Inu

  • Shiba Inu was launched in August 2020 as a direct competitor with Dogecoin. The official creator of the coin is an unknown person who signed himself "RYOSHI". A little later, RYOSHI wrote an article on his website, RYOSHI RESEARCH, where he called the coin a great experiment in creating a decentralized currency. However, the anonymous creation of Shiba Inu was also handled by another person, whom Rayoshi described as his unknown friend and later mentioned as a very influential person in the crypto industry. Some theory suggests that this mysterious person is Vitalik Buterin. 
  • In July 2021 the developers had launched a decentralized exchange named Shibaswap.
  • On October 14, 2021 developers released their NFT collection.

Shiba Inu's Technical Basis

The creators of Shiba Inu have created an ecosystem of three coins known as SHIB, LEASH and BONE, together with a decentralized exchange called ShibaSwap.

  • SHIB is an ERC-20 token in the Ethereum blockchain. This means that it was created and hosted on the Ethereum blockchain, not its own.
  • Bone ShibaSwap (BONE): Bone is designed to work as a platform management token with a total of 250 million coins.
  • Doge Killer (LEASH): was originally launched as a rebase token with "elastic token" functionality.

Shibaswap

Shibaswap is a decentralized exchange, or more specifically a type of peer-to-peer trading platform similar to Uniswap, which allows users to trade SHIB and other cryptocurrencies without an intermediary company. It also allows users to provide liquidity and place tokens to earn interest using SHIB, LEASH and BONE tokens on the ERC-20 platform that exist in the Shiba ecosystem.

Stakes in any of the pools can generate a lot of revenue over time, but 66% of the profits will be locked in for six months. This rule was introduced to prevent users from selling the received tokens immediately and bringing the rate down.

ShibaSwap BONE

ShibaSwap (BONE)

Shiba Inu Mining

Mining with special equipment for Shiba Inu is not possible. The only way to buy this cryptocurrency is to deposit your money on ShibaSwap or buy it on well-known third-party exchanges: such as Binance, Coinbase and other owners. Overall, the developers had initially claimed that they released one quadrillion tokens, half of which were placed in free circulation.

Ilon Musk's Influence on Shiba Inu

Like DOGE, Shiba became popular immediately after launch, but its price remained at the same level for about eight months, when nothing was happening. The coin failed to gain value in the beginning but began to recover around the time Tesla CEO Elon Musk and other famous personalities began to be interested in Dogecoin.

In March 2021, Elon Musk published a post on Twitter about his intention to buy a Shiba Inu dog, the symbol of Dogecoin. It seems that traders decided that this meant a new token Shiba Inu, leading to mass purchases of this product.

Difference Between Shiba Inu and Dogecoin

Though they have the identical branding, they are significantly different.

Dogecoin Shiba Inu
Dogecoin is a cryptocurrency that was created spontaneously. Technically, it is similar to Litecoin. Shiba Inu is based on the SHIB token issued in the Ethereum network.
The personalities at the origins of the project and making improvements are already known. Shiba Inu is distinguished by a certain secrecy.
The development of the cryptocurrency is handled by a team of developers. The leaders of the community are known only by their nicknames.
 Dogecoin has largely owed its price success to Ilon Musk's tweets. Communication takes place in groups with limited access.

Popularity of Shiba Inu

At the end of October 2021, everyone started talking about Shiba Inu: the token increased in price by almost 1000% in a month and overtook Dogecoin by capitalization.

There are two reasons for such growth.

  • The token's image was positively influenced by the listing of SHIB on popular cryptocurrency exchanges, including BitKan, AOFEX, StealthEx and CoinFlex. Today, the token is traded on more than 150 different exchanges according to CoinMarketCap. This increases SHIB's availability and makes the project more recognizable. On November 30, the token was added to the American exchange Kraken, which boosted SHIB's price by more than 30%.
  • The second reason is the active development in the NFT industry. On October 14, 2021, a collection of 10,000 irrevocable Shiboshi tokens was released and were sold out in the first 24 hours.

Shiba Inu issuance

The total number of SHIB tokens equaled to 1 quadrillion. This production significantly exceeds other cryptocurrencies: due to the large number of units, the token price is significantly lower compared to assets with a similar market capitalization.

50% of SHIB were blocked on the Uniswap platform to reward liquidity providers in Shiba pools on DEX. The other half was sent to Vitalik Buterin, the creator of Ethereum. Ryoshi hoped that Buterin would not sell the tokens: that would devalue SHIB. By May 10, 2021, the ETH creator's stake was worth billions of dollars.

Buterin decided to donate 20% of his tokens worth over $1 billion (10% of the total issue), dividing it between two charities. The name of one of them has not been disclosed, and the other is the COVID Foundation of India. This became the largest donation using cryptocurrencies and brought enormous popularity to the project.

Shibarium

While searching for a solution to become less dependent on aging protocols such as Ethereum, the project received a long-awaited Level 2 blockchain solution, known as Shibarium. This project has been postponed several times, but on February 14, 2023, Shitoshi Kusama announced in a tweet that Shibarium is ready.

Shibarium is not a blockchain as such, but a blockchain layer running over Ethereum. Its idea is that Shibarium will take over most of SHIB's transactions, so it doesn't have to rely exclusively on Ethereum.

Starting February 15, there will be articles on Medium to introduce Shibarium to the world. Kusama added that he will not launch the beta version of Shibarium until his colleague and Shiba Inu developer Kaal Dhairya stops mourning his passing father.

SHIB Investing

Today, Shiba Inu is ranked 13th by capitalization, and the return on investment is estimated at 2592396%. At the same time, it is worth noting that analysts consider the token to be speculative. This means that you can make good money on it, but also incur significant losses if you choose the wrong time of entry.

How much is a one Shiba Inu worth now?

1 Shiba Inu worth $0.00002591 now.

What is the price of SHIB?

The price of SHIB is $0.00002591.

What is the Shiba Inu max supply?

The max supply of Shiba Inu is 999.98T.

What is the Shiba Inu stock symbol or ticker?

The stock symbol or ticker of Shiba Inu is SHIB.

How many SHIB coins are there in circulation?

There are 589.26T coins in circulation of SHIB.

What is the exchange rate of Shiba Inu(SHIB)?

The exchange rate of Shiba Inu is $0.00002591.

What was Shiba Inu's trading volume in 24 hours?

Shiba Inu's 24-hour trading volume is $738.23M.

What was the highest price paid for Shiba Inu?

Shiba Inu reached a record high of $0.00008616 on Oct 28, 2021

Shiba Inu Exchange Rates on Trading Markets

# Exchange Pair Price 24h volume Volume % Updated
1 FTX TR FTX TR SHIB/USD $0.00003498 $3.7M 55.79% a year ago
2 Websea Websea SHIB/USDT $0.00002599 $2.67M 40.2% a day ago
3 CoinDCX CoinDCX SHIB/INR $0.00002817 $237.73K 3.58% a day ago
4 Kanga Kanga SHIB/PLN $0.0000259 $14.98K 0.23% a day ago
5 Kanga Kanga SHIB/USDT $0.00002596 $13.59K 0.2% a day ago
6 Bitazza Bitazza SHIB/THB $0.0000262 $0 0% a day ago
7 Bitubu Exchange Bitubu Exchange SHIB/USDT $0.00001671 $0 0% 9 months ago
8 OpenOcean OpenOcean FLOKI/SHIB $0.0001422 $0 0% 16 days ago
9 Bitci TR Bitci TR SHIB/TRY $0.00002638 $0 0% a day ago
10 Uniswap V3 (Ethereum) Uniswap V3 (Ethereum) PEPE/SHIB $0.000006077 $0 0% a day ago
11 OpenOcean OpenOcean SFP/SHIB $0 $0 0% 2 years ago
12 Coinstore Coinstore SHIB/USDT $0.00002603 $0 0% a day ago
13 Foxbit Foxbit SHIB/BRL $0.00002606 $0 0% a day ago
14 CEX.IO CEX.IO SHIB/EUR $0.00002612 $0 0% a day ago
15 FameEX FameEX SHIB/USDT $0.00002599 $0 0% a day ago