Shiba Inu Coin : SHIBA INU (SHIB) Price, Charts, and News
Dogecoin (DOGE) is a popular memecoin, while Shiba Inu (SHIB) aims to be an Ethereum-based counterpart. With a total quantity of one quadrillion, SHIB is supposed to be abundant – unlike Bitcoin, which is designed to be limited. An NFT art incubator and the establishment of a decentralised exchange called Shibaswap are supported by the Shiba Inu token ecosystem.
‘Ryoshi’, an unidentified person or persons, created Shiba Inu in August 2020. On the Ethereum network, SHIB claims to be the ‘Dogecoin killer’. To better reflect Ethereum’s current state, Shiba Inu is migrating away from PoW and toward PoS (Proof of Stake). Following the popularity of DOGE in 2020, the memecoin was born.
SHIBA INU Coin (SHIB) Price Today
$0.00003850 +57,070,756.80%
| Previous Close | 0.000039 |
| Open | 0.000039 |
| Day’s Range | 0.000038 – 0.000039 |
| 52 Week Range | 0.000005 – 0.000088 |
| Start Date | 2020-08-01 |
| Algorithm | N/A |
| Market Cap | 21.02B |
| Circulating Supply | 549.06T |
| Max Supply | N/A |
| Volume | 3,747,208,960 |
| Volume (24hr) | 3.75B |
| Volume (24hr) All Currencies | 3.75B |
Shiba Inu Coin
“385 percent growth in Shiba Inu investors have been recorded in the last few weeks, with roughly 35,000 users purchasing the dog. There was also a five-fold surge in the amount of trading for Shiba Inu INR, “CEO of cryptocurrency exchange BuyUcoin Shivam Thakral remarked. Purchasers on BuyUcoin’s platform have poured $58 million into Shiba Inu since the start of the current uptrend.
According to industry monitors, trade volumes on Indian platforms were around $600 million.
Shiba Inu’s price was low for a long period before it became popular, much to Dogecoin. Elon Musk, the godfather of Dogecoin, shared a photo of his Shiba Inu puppy on Twitter in the beginning of October 2021. It had an immediate effect on SHIB because it signalled the beginning of a price rise.
More than 300,000 people have signed a Change.org petition calling for Robinhood to include Shiba Inu in its trading portfolio. It eventually resulted in a record-breaking price surge for SHIB. Another factor contributing to the price surge was the readiness to launch a 10,000-character non-fungible tokens (NFTs) collection.
Moreover, individuals were snapping up Shiba Inus out of a fear of missing out (Fear Of Missing Out). However, the price of Shiba Inu has since returned to a more normal level. As of this writing, was trading at 0.00004141 US dollars.
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