Current Market Overview
Shiba Inu (SHIB) Price: $0.041154
24h Change: -4.57%
- 24h Trading Volume: $151,210,790.597 (-12.15%)
- Market Cap: $6,802,304,461.409 (#18 ranking)
- Fully Diluted Valuation: $6,802,861,138.902
- Circulating Supply: 589 trillion SHIB
- Total Supply: 589.5 trillion SHIB
- Max Supply: 589.55 trillion SHIB
Historical Performance
- All-Time High: $0.00008616 (October 28, 2021)
- All-Time Low: $0.00000000005636 (November 28, 2020)
| Timeframe | Performance |
|---|---|
| 1h | +0.02% |
| 24h | -4.56% |
| 7d | -3.99% |
| 30d | +10.63% |
| 60d | +6.04% |
| 90d | +7.93% |
👉 Discover how SHIB compares to other meme coins
What is Shiba Inu?
Shiba Inu (SHIB) is a decentralized cryptocurrency that began as a meme token inspired by the popular "Doge" internet meme. Since its launch in August 2020, it has evolved into one of the most recognized cryptocurrency projects with:
- Decentralized exchange (ShibaSwap)
- NFT ecosystem (Shiboshis)
- Layer-2 solution (Shibarium)
Key Milestones in SHIB's Journey
- May 2021: Binance lists SHIB, significantly boosting its accessibility
- October 2021: SHIB reaches its all-time high price
- April 2024: Completes $12 million funding round
- 2021: Vitalik Buterin burns 90% of his SHIB holdings and donates the remaining 10%
Why Investors Are Excited About SHIB
- Strong Community Support: The "SHIB Army" is one of the most active crypto communities
- Ecosystem Development: Continuous expansion beyond just a meme coin
- Accessibility: Available on most major exchanges including Binance and Coinbase
- Burn Mechanism: Regular token burns help reduce supply over time
👉 Learn about SHIB's latest developments
Frequently Asked Questions
Is Shiba Inu a good investment?
While SHIB has shown significant growth, cryptocurrency investments always carry risk. The meme coin has demonstrated staying power beyond its initial hype, but investors should conduct their own research before committing funds.
How does SHIB differ from Dogecoin?
While both started as meme coins, SHIB has developed a more robust ecosystem including DeFi platforms and NFT projects, whereas DOGE remains primarily a payment-focused cryptocurrency.
What's the long-term potential of SHIB?
SHIB's developers are working to transition it from a meme coin to a comprehensive ecosystem. The success of Shibarium (its Layer-2 solution) will be crucial for long-term viability.
Where can I buy SHIB?
SHIB is available on most major cryptocurrency exchanges including Binance, Coinbase, Kraken, and OKX. Always use reputable platforms for your transactions.
Why does SHIB have such a large supply?
The massive supply allows for very low individual token prices, making it psychologically appealing to new investors. The team has implemented burn mechanisms to gradually reduce circulating supply.
The Future of Shiba Inu
The SHIB ecosystem continues to evolve with:
- Expansion of Shibarium capabilities
- New NFT collections
- Continued development of ShibaSwap
- Potential integration with more payment platforms
As the cryptocurrency market matures, SHIB's ability to maintain relevance beyond its meme coin origins will determine its long-term success. The project has already demonstrated remarkable resilience and adaptability in the volatile crypto space.