Enquires@newsofbitcoin.com
What is Shiba Inu (SHIB)?
Shiba Inu (SHIB) is a meme token which began as a fun currency and has now captured mainstream attention as a meme coin. What started of as a meme coin has attracted a decent following of developers who have built a decentralized ecosytem around the token, including a dedicated L2 chain Shibarium. During the initial launch, 50% of the supply was allocated into Vitalik Buterin’s ethereum wallet. The price of SHIB has soared from as low as $0.000000000056 to an all time high of $0.000084, that is a 150,000 times increase within 8 months.
As a result of that, Vitalik proceeded to donate 10% of his SHIB holdings to a COVID-19 relief effort in India and the remaining 40% is burnt forever. That donation was worth about $1 billion at that time, which makes it one of the largest donation ever in the world.
What has the Shiba Inu community worked on?
The Shiba Inu team launched a decentralized exchange called Shibaswap with 2 new tokens, LEASH and BONE. LEASH is a scarce supply token that is used to offer incentives on Shibaswap. BONE is the governance token for holders to vote on proposals on Doggy DAO. More recently, the team has also launched Shibarium, a dedicated L2 chain surrounding the Shiba Inu (SHIB) token.
Related Posts
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 Gate.io, where the most active trading pair SHIB/USDT has a trading volume of $28,836,764.88 in the last 24 hours. Other popular options include DigiFinex and WEEX.
What is the daily trading volume of Shiba Inu (SHIB)?
The trading volume of Shiba Inu (SHIB) is $784,935,925.71 in the last 24 hours, representing a 11.70% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for Shiba Inu (SHIB)?
The highest price paid for Shiba Inu (SHIB) is BTC0.081464, which was recorded on Oct 28, 2021 (over 2 years). Comparatively, the current price is -70.60% lower than the all-time high price.
What is the all-time low for Shiba Inu (SHIB)?
The lowest price paid for Shiba Inu (SHIB) is BTC0.0142426, which was recorded on Nov 28, 2020 (over 3 years). Comparatively, the current price is 45,003,404.00% higher than the all-time low price.
What is the market cap of Shiba Inu (SHIB)?
Market capitalization of Shiba Inu (SHIB) is BTC232,465.6308 and is ranked #12 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 BTC394,495.1168. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Quadrillion 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 increase of 14.40% in the last 7 days, Shiba Inu (SHIB) is outperforming the global cryptocurrency market which is up 2.60%, while outperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
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.
Shiba Inu Price: SHIB Live Price Chart, Market Cap & News Today | CoinGecko
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Subscribe
Login
0 Comments
