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Shiba Inu

Shiba Inu priceSHIB

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Shiba Inu price calculator

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SHIB
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USD
1 SHIB = 0.{4}2470 USD
Last updated 2024-04-25 13:21:48(UTC-0)

Shiba Inu price live data summary

The live price of Shiba Inu is $0.{4}2470 per (SHIB / USD) today with a current market cap of $14.55B USD. The 24-hour trading volume is $871.57M USD. SHIB to USD price is updated in real time. Shiba Inu is -8.27% in the last 24 hours. It has a circulating supply of 589,289,440,000,000 .

What is the highest price of SHIB?

SHIB has an all-time high (ATH) of $0.{4}8845, recorded on 2021-10-28.

What is the lowest price of SHIB?

SHIB has an all-time low (ATL) of $0.{10}8165, recorded on 2020-09-01.

Shiba Inu price performance in USD

24h7d30d90d1yAll-time
-8.27%+11.13%-20.34%+174.00%+131.14%+1531003.10%

Shiba Inu price history in USD

TimeLowHigh
24h$0.{4}2457$0.{4}2685
7d$0.{4}2095$0.{4}2807
30d$0.{4}1853$0.{4}3272
90d$0.{5}8806$0.{4}4534
1y$0.{5}5717$0.{4}4534
All-time$0.{10}8165(2020-09-01, 3 years ago )$0.{4}8845(2021-10-28, 2 years ago )

Shiba Inu market information

Market cap
$14,552,687,890.66
-8.27%
Fully diluted market cap
$14,558,730,233.72
-8.27%
Volume (24h)
$871,565,344.96
+11.00%
Market rankings
Circulation rate
+99.00%
24h volume / market cap
0.0598
Circulating supply
589,289,440,000,000 SHIB
Total supply / Max supply
589.53T SHIB
-- SHIB

Shiba Inu ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Shiba Inu Social Data

In the last 24 hours, the social media sentiment score for Shiba Inu was 3, and the social media sentiment towards Shiba Inu price trend was Bullish. The overall Shiba Inu social media score was 4,287,554, which ranks 11 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,318,607 times, with Shiba Inu being mentioned with a frequency ratio of 1.45%, ranking 16 among all cryptocurrencies.

In the last 24 hours, there were a total of 27,581 unique users discussing Shiba Inu, with a total of Shiba Inu mentions of 19,085. However, compared to the previous 24-hour period, the number of unique users decrease by 0%, and the total number of mentions has increase by 2%.

On Twitter, there were a total of 121 tweets mentioning Shiba Inu in the last 24 hours. Among them, 0% are bullish on Shiba Inu, 0% are bearish on Shiba Inu, and 100% are neutral on Shiba Inu.

On Reddit, there were 250 posts mentioning Shiba Inu in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 28% . Additionally, there were 0 comments mentioning Shiba Inu. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3
Social score(24h)
4.29M(#11)
Social contributors(24h)
27.58K
0%
Social mentions(24h)
19.09K(#16)
+2%
Social dominance(24h)
1.45%
Twitter
Tweets(24h)
121
-70%
Twitter sentiment(24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score(24h)
2665
Reddit posts(24h)
250
+28%
Reddit comments(24h)
0
0%

About Shiba Inu(SHIB)

What Is Shiba Inu?

Shiba Inu (SHIB) is a meme coin. Launched in August 2020, Shiba Inu was introduced to the crypto world by an anonymous person or group known as "Ryoshi”. Named after a breed of Japanese dog that has become a popular online meme, Shiba Inu is one of many tokens that have been described as a "meme coin," similar to Dogecoin. Despite its meme-inspired origins, Shiba Inu has rapidly gained traction and is recognized for its value, growth, and engaging community.

While the details surrounding the origins remain mysterious, the vision of Shiba Inu was clear from the outset – to create a fully decentralized and vibrant ecosystem within the Ethereum blockchain, which fosters a sense of community and offers more than just a digital asset.

Inspired by Dogecoin but looking to surpass it in terms of utility, Shiba Inu came into existence with the intention of being more than a fun meme cryptocurrency. It has been designed with an ecosystem that includes ShibaSwap, its own decentralized exchange.

Resources

Whitepaper: https://github.com/shytoshikusama/woofwoofpaper/raw/main/SHIBA_INU_WOOF_WOOF.pdf

Official website: https://www.shibatoken.com/

How Does Shiba Inu Work?

Shiba Inu was designed to be a self-regulating community. The token's creator, known only as "Ryoshi," began with a supply of one quadrillion SHIB. 50% of the total supply was locked into Uniswap, a decentralized finance protocol used for exchanging cryptocurrencies. The remaining 50% was sent to Ethereum co-founder Vitalik Buterin as a burn gesture.

Shiba Inu is an ERC-20 token, which means it abides by the set of protocols established for tokens on the Ethereum blockchain. This gives it the advantage of being interoperable with a vast range of services that also use the Ethereum network.

Shiba Inu can be obtained by mining, buying on crypto exchanges like Bitget and Coinbase, or through decentralized trading platforms like Uniswap. It is also possible to earn SHIB by providing liquidity on DeFi platforms.

ShibaSwap, the native decentralized exchange of Shiba Inu, offers additional ways to interact with the token. It allows holders to stake their SHIB tokens and earn rewards, as well as swap tokens and participate in yield farming.

Rise to Popularity

Shiba Inu gained a quick rise to fame in May 2021 when Ethereum co-founder, Vitalik Buterin, received half of SHIB's total supply from the developers as a part of a burn mechanism. He donated a significant portion of it to a Covid-19 relief fund for India, garnering massive media attention for Shiba Inu.

While its meme origins and association with Dogecoin have certainly contributed to its rise, Shiba Inu also owes much of its success to the wider cryptocurrency bull run, which has seen a resurgence of interest in altcoins. The robust community behind it, the so-called "Shiba Army," also plays a critical role in popularizing and developing the Shiba Inu project.

In early March 2023, Shiba Inu Layer-2 network, Shibarium is in public beta testing phase.

What Determines Shiba Inu's Price?

Understanding the factors that influence the Shiba Inu coin price is crucial for both seasoned investors and newcomers in the cryptocurrency market. Often touted as the "Dogecoin killer," Shiba Inu is an Ethereum-based ERC-20 token that has garnered significant attention, partly due to its vibrant community known as the SHIBArmy. One of the most compelling aspects of Shiba Inu's value is its community-driven approach.

Unlike traditional assets, the Shiba Inu cryptocurrency price is largely influenced by its strong and active community, social media trends, and high-profile endorsements—such as tweets from Elon Musk. This community backing acts as a double-edged sword; while it can pump the current price of Shiba Inu to staggering highs today, it also makes the asset susceptible to dramatic falls. As a result, making a Shiba Inu price prediction becomes a challenging task.

The Shiba Inu market cap has seen astronomical gains, peaking at a staggering market capitalization of $41 billion in October 2021. However, it's essential to note that Shiba Inu's price history is marked by extreme volatility, a common trait among meme coins. The Shiba Inu price chart often reflects frenetic trading activity rather than intrinsic utility, making it a high-risk, high-reward Shiba Inu investment.

Another key factor affecting the Shiba Inu coin price is its total supply and the token burning mechanism. Initially, Shiba Inu had a total supply of 1 quadrillion tokens. A significant portion of these tokens were burned, permanently removed from circulation, potentially driving up the Shiba Inu coin value.

Shiba Inu's ecosystem also includes other tokens like Leash and Bone, as well as platforms like ShibaSwap, a decentralized exchange that adds utility to the Shiba Inu cryptocurrency. The exchange allows users to trade, stake, and participate in yield farming, offering multiple avenues for potential returns. With Shiba Inu price live updates available on various exchanges and its integration into different blockchain projects, the current Shiba Inu price in USD, INR, GBP, or EUR is readily accessible, making it easier for global investors to jump in.

However, the question "Is Shiba Inu a good investment?" doesn't have a straightforward answer due to its speculative nature. Investment in Shiba Inu should be considered carefully, keeping in mind the asset's volatility and ever-changing market trends.

The Shiba Inu price is determined by a complex interplay of factors including community support, celebrity endorsements, tokenomics, and its ecosystem's utility. While the Shiba Inu price forecast remains highly unpredictable, understanding these factors can offer valuable insights for both short-term traders and those considering long-term Shiba Inu investment strategies.

Conclusion

Shiba Inu has quickly risen to prominence in the crowded world of cryptocurrencies. Its origin as a meme coin might have fueled its initial popularity, but its underlying technology and the development of a robust ecosystem that includes its own decentralized exchange, ShibaSwap, have given it substance beyond the meme.

It's important to note that like any other cryptocurrencies, Shiba Inu carries its own risks and it's always wise to do your own research and exercise caution while investing.

How to buy Shiba Inu (SHIB)

Buying Shiba Inu on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Shiba Inu (SHIB) .

Trade SHIB perpetual futures

After having successfully signed up on Bitget and purchased USDT or SHIB tokens, you can start trading derivatives, including SHIB futures and margin trading to increase your income.

The current price of SHIB is $0.{4}2470, with a 24h price change of -8.27%. Traders can profit by either going long or short onSHIB futures.

Join SHIB copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or SHIB tokens, you can also start copy trading by following elite traders.

Shiba Inu news

See more
profileImg

Important Ripple v. SEC Lawsuit Developments, Bitcoin (BTC) Volatility, and More: Bits Recap April 25

BTC dipped to $64K, the legal battle between Ripple and the SEC intensified, while SHIB indicators suggest a bull run in the near future.

Cryptopotato2024/04/25 09:04
profileImg

Robinhood lists SHIB, AVAX, COMP for trading in New York

New Yorkers can trade SHIB, COMP and AVAX on Robinhood, beginning on Wednesday.Empire State residents can now buy and sell a total of 11 cryptocurrencies on the platform.

The Block2024/04/24 15:10
profileImg

Robinhood now offers SHIB, AVAX, and COMP to New York State residents

Cointime2024/04/24 13:02
profileImg

Is a Shiba Inu (SHIB) Bull Run Incoming? Important Metric Dips to a Two-Year Low

Here’s why SHIB could be poised for an additional price increase in the near future.

Cryptopotato2024/04/24 11:55
profileImg

A certain address deposited 105.5 billion SHIB to Coinbase 7 hours ago, equivalent to about 2.87 million US dollars

Cointime2024/04/24 08:49

People are also inquiring about the price of Shiba Inu.

What is the current price of Shiba Inu?

We update our Shiba Inu to USD price in real time. Get the live Price of Shiba Inu on Bitget.

What is the 24 hour trading volume of Shiba Inu?

Over the last 24 hours, the trading volume of Shiba Inu is $871.57M.

What is the all-time high of Shiba Inu?

The all-time high of Shiba Inu is $0.{4}8845. This all-time high is highest price for Shiba Inu since it was launched.

Can I buy Shiba Inu on Bitget?

Yes, Shiba Inu is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Shiba Inu guide.

Can I get a steady income from investing in Shiba Inu?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Shiba Inu with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

What is Shiba Inu (SHIB)?

Shiba Inu (SHIB) is a decentralized meme token that grew in popularity as part of the wave of dog-themed cryptocurrencies. It was introduced as an Ethereum-based ERC-20 token and brands itself as the "Dogecoin Killer."

Who created Shiba Inu (SHIB)?

Shiba Inu was created by an anonymous individual or group known as "Ryoshi." The creator's identity remains a mystery, similar to Bitcoin's Satoshi Nakamoto.

What is the total supply of SHIB tokens?

The initial total supply of SHIB was 1 quadrillion. However, a significant portion (50%) was sent to the Ethereum co-founder Vitalik Buterin, who later burned (permanently removed from circulation) a large percentage of what was sent to him and donated the rest to charity.

Why is the price of Shiba Inu so low compared to other cryptocurrencies?

SHIB started with a very large supply of 1 quadrillion tokens, which means that even with a large market cap, the price per token can be extremely low. Additionally, its initial design was as a "meme" coin, with prices often starting at very low values.

What factors can positively or negatively affect the value of SHIB in the future?

Factors that can positively impact SHIB's value include increased adoption, favorable regulatory news, partnerships, development in its ecosystem (like the ShibaSwap platform), and positive sentiment in the broader crypto market. Conversely, regulatory crackdowns, negative publicity, broader market downturns, or issues with its platforms can adversely affect its value.

Will Shiba Inu (SHIB) reach US$1?

Shiba Inu, a popular meme coin, has garnered significant attention and a dedicated community since its inception. However, its potential to reach US$1 is viewed with skepticism by many experts. The primary reason is its massive circulating coin supply, currently at 589 trillion as of August 2023. To achieve US$1, Shiba Inu would need a market cap of US$589 trillion, an astronomically high figure compared to the entire crypto market's cap, which is just over US$1 trillion. Additionally, while Shiba Inu is working on various projects to enhance its utility and move beyond its meme coin status, such as the Shibarium blockchain and gaming initiatives, the consensus is that these developments, even combined with potential coin burns, are unlikely to propel its price to the US$1 mark in the foreseeable future. Moreover, the crypto market's competitive landscape, especially the crowded meme coin sector, poses challenges for Shiba Inu's growth. When it launched in 2020, its main competitor was Dogecoin, but now numerous dog-themed meme coins vie for market share. Various macroeconomic factors, like crude oil prices and inflation, can also influence Shiba Inu's performance. In conclusion, while Shiba Inu has potential and a series of projects in the pipeline, reaching a US$1 valuation in the near term is deemed improbable by most analyzed sources. As always, potential investors should conduct thorough research and seek expert advice before making decisions.
Cryptocurrency investments, including buying Shiba Inu online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Shiba Inu, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Shiba Inu purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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