Shiba Inu

SHIB Price

About Shiba Inu (SHIB)

Shiba Inu (SHIB) is an Ethereum-based cryptocurrency that started as a community-driven meme project and has since expanded into a decentralized ecosystem of financial tools and applications.

• The project relies on community governance, a system where token holders vote on proposals to collectively decide the direction of the network.

• It features a multi-token system consisting of SHIB, LEASH, and BONE to provide different incentives for users.

• The ecosystem includes its own decentralized exchange, ShibaSwap, which allows users to trade and earn rewards without a middleman.

What Is Shiba Inu (SHIB)

Shiba Inu (SHIB) is designed to be a decentralized digital currency that powers a suite of decentralized finance (DeFi) products. Value moves through the system as users trade tokens, provide liquidity to pools, or participate in the ShibaSwap platform. The token is put to work through staking, a method where users lock up their tokens to secure the network and earn rewards, and burning, a process that permanently removes tokens from circulation to manage supply. As the ecosystem grows, these mechanisms scale alongside new features like Shibarium, a Layer 2 network, a secondary layer built on top of a main blockchain to handle more transactions at a lower cost.

What Makes Shiba Inu (SHIB) Unique

• It began with a total supply of one quadrillion tokens, half of which were sent to Ethereum co-founder Vitalik Buterin to ensure a decentralized launch.

• The ecosystem uses a unique three-token model where LEASH offers scarcity and BONE serves as the governance token, a tool that lets holders vote on project proposals.

• Unlike many projects, it prides itself on having no central leadership, relying instead on a "spontaneous" community of supporters known as the ShibArmy.

What Can You Use Shiba Inu (SHIB) for?

• Trading and swapping for other digital assets on the ShibaSwap platform.

• Providing liquidity to decentralized pools to earn passive rewards in the form of other ecosystem tokens.

• Participating in community votes to help decide the direction of the project's development.

• Accessing upcoming features like the Shiba Inu metaverse and gaming applications.

How Does Shiba Inu (SHIB) Work?

Shiba Inu (SHIB) is primarily an ERC-20 token built on the Ethereum blockchain, utilizing its security and smart contracts (self-executing code that runs when conditions are met). To increase speed, the ecosystem uses Shibarium, a Layer 2 network, which is a secondary layer that processes transactions away from the main chain to lower costs. Transactions on this secondary layer are verified through a proof of stake consensus, a system where participants lock up BONE tokens to act as validators and ensure the network agrees on the transaction history

Team Info and Investors

The project was created in August 2020 by an anonymous individual or group known as Ryoshi. There was no private sale or venture capital funding, as the creator intended for the project to be 100% owned by the community from the start. Development is now handled by a decentralized group of volunteers and lead developers like Shytoshi Kusama, who coordinate with the community to maintain the ecosystem.

Where can you buy Shiba Inu?

SHIB tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Shiba Inu is OKX, where the most active trading pair SHIB/USDT has a trading volume of $1,368,069.44 in the last 24 hours. Other popular options include Gate and KuCoin.

What is the daily trading volume of Shiba Inu (SHIB)?

The trading volume of Shiba Inu (SHIB) is $108,137,836.10 in the last 24 hours, representing a -6.10% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Shiba Inu (SHIB)?

Shiba Inu (SHIB) reached an all-time high of $0.00008616 and an all-time low of $0.0₁₀5637. It’s now trading -93.20% below that peak and 10,376,028.40% above its lowest price.

What is the market cap of Shiba Inu (SHIB)?

Market capitalization of Shiba Inu (SHIB) is $3,445,260,834 and is ranked #30 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SHIB tokens (590 Trillion tokens are tradable on the market today).

What is the fully diluted valuation of Shiba Inu (SHIB)?

The fully diluted valuation (FDV) of Shiba Inu (SHIB) is $3,446,760,911. This is a statistical representation of the maximum market cap, assuming the maximum number of 590 Trillion SHIB tokens are in circulation today. Depending on how the emission schedule of SHIB tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Shiba Inu compare against its peers?

With a price decline of -1.40% in the last 7 days, Shiba Inu (SHIB) is underperforming the global cryptocurrency market which is up 0.00%, while underperforming when compared to similar GMCI Index cryptocurrencies which are up 2.20%.

How to add Shiba Inu (SHIB) to MetaMask?

Adding Shiba Inu (SHIB) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import SHIB as a token. You can copy SHIB’s contract address (0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce) and import it manually, or if you've installed MetaMask's chrome extension, add SHIB to MetaMask with one click on CoinGecko.

Add SHIB to MetaMask.