- SHIB is a token designed to be Ethereum-compatible.
- Its tokens are part of dog-themed cryptocurrencies developed by Ryoshi.
- The trading experts state that the current trending price is at $0.000012.
SHIB is a token designed to be Ethereum-compatible. Furthermore, it is an alternative to Dogecoin (DOGE). Like DOGE, SHIB is intentionally abundant with an initial circulating supply of one quadrillion coins. The Shiba Inu ecosystem also supports projects such as an NFT art incubator and a decentralized exchange called Shibaswap.
Ryoshi, an anonymous developer, launched SHIB in August 2020. Moreover, the project began with a total supply of one quadrillion tokens.
According to Ryoshi, the goal of SHI is to become a global stable currency that plebs across all countries. Moreover, it can be used as a store of value and method of payment.
Shiba Inu Coin How To Buy?
One can buy, send, and receive SHIB from different crypto exchanges. SHIB is issued as an Ethereum token. It’s compatible with the vast Ethereum ecosystem.
Shiba Inu benefits include compatibility with Ethereum wallets like Coinbase Wallet. Moreover, it is available on decentralized exchanges (or DEXs) like UniSwap. Furthermore, SHIB is to be incorporated into ETH-based Defi applications like lending and savings products and NFT marketplaces.
Will The Shiba Inu Coin Reach $0.01?
Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin’s Scrypt-based mining algorithm. Its tokens are part of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors. Further, these investors missed the Dogecoin pump from 0.0002 to nearly 0.75 USD.
After the coming of copycats, BitShiba, Shiba Fantom, Shibalana, King Shiba, SHIBAVAX, Captain Shibarrow, SHIBA2K22, and SpookyShiba, Shiba’s success rate increased.
Shiba Inu saw transaction values in the hundreds of millions of dollars. On 10 May 2021, Shiba Inu’s price hit an all-time high of 0.00005. After a while, it is going on a downtrend.
In 2021 trading, SHIB gained more than 46,000,000%. However, if it grows roughly 80,000% from its current price, then it might reach $0.01.
The current total coin count is 589.7 trillion. If it hits a price of $0.01 per token, the market capitalization will reach roughly $5.9 trillion for Shiba Inu.
Shiba Inu Coin Current Price
The trading experts state that the current trending price is at $0.000012. Moreover, it is fluctuating as per the market.
Shiba Inu Coin Current Price as per Crypto Websites
The live Shiba Inu price today is $0.000012 with a 24-hour trading volume of $429,933,309. Shiba Inu is down 1.99% in the last 24 hours. Accordingly, the CoinMarketCap ranking is #15, with a live market cap of $6,512,022,863 USD. Furthermore, It has a circulating supply of 549,063,278,876,302 SHIB coins.
SHIBA INU’s price today is US$0.00001186, with a 24-hour trading volume of $428.59 M. SHIB is -1.96% in the last 24 hours. It is currently -9.31% from its 7-day all-time high of $0.00001308 and 12.60% from its 7-day all-time low of $0.00001053. SHIB circulating supply is 549,063.28.
The price of SHIBA INU has risen by 10.78% in the past seven days. Accordingly, the price declined by 1.86% in the last 24 hours. Furthermore, In the past hour, the price shrunk by 0.04%. The current price is $0.000012 per SHIB. SHIBA INU is 63.29% below the all-time high of $0.000032.
The current circulating supply is 549,063,278,876,301.94 SHIB.
Shiba Inu Coin How To Buy?
You can easily buy Shiba Inu (SHIB) with the lowest fees and highest security anywhere Binance is available. Learn how to buy Shiba Inu (SHIB) with the Binance app now.