You’ve probably heard about the CoinMarketCap incident involving Shiba Inu. However, you may not know the details of what happened. In this article, you will learn about the coin’s market cap, its price fluctuation, Exchanges listing, and the Social media buzz surrounding SHIB.
Shiba Inu coin market capitalization
Shiba Inu is a decentralized cryptocurrency with a total supply of one quadrillion coins. 50% of the total supply is locked up on Uniswap, the other half is sent to the creator of the cryptocurrency, Vitalik Buterin. The currency has a strong community and an active Twitter account. The official Twitter channel was launched in early 2021 and quickly gained millions of followers.
SHIB has an incredibly unique ecosystem that features a decentralized exchange, a rescue function, and a community-driven rescue program. It also has an Artist Incubator, which provides artists and designers with a space to learn from and collaborate with members of the Shiba community. It also allows users to hold value in this brand new crypto currency.
The Shiba Inu coin market cap was nearly $10 billion at its highest in October 2021, but has subsequently fallen considerably. As of the end of September 2018, the coin had a market cap of around $9.5 billion, making it the fifteenth largest cryptocurrency. The coin has been favored by cryptocurrency enthusiasts and tends to dominate social media feeds during periods of high cryptocurrency prices.
Shiba Inu is available on major cryptocurrency exchanges, including Kraken, Binance, and Kucoin. These exchanges also allow users to purchase the coin using credit cards. In addition to these exchanges, it can also be purchased on eToro. Despite the fact that this cryptocurrency is not currently available in the US, it’s worth checking out the exchanges that offer the currency.
Although Shiba Inu isn’t anywhere near Dogecoin’s $54 billion market cap, it’s on its way to overtake it. Despite being a joke cryptocurrency, the price of Shiba Inu has surged 777% over the past 30 days. It’s now worth the same as the market caps of some of the world’s biggest companies.
While it is still hard to predict how much the Shiba Inu coin will be worth in 2030, the cryptocurrency’s price prediction site Changelly has calculated a price prediction for the currency in 2030. Assuming that the cryptocurrency market will still exist by then, Shiba Inu is projected to trade for as low as $0.000229 in 2030 and as high as $0.000273 by 2023. This would be a 2,500% return on investment.
The Shiba Inu (SHIB) price has increased dramatically in the past few months. Since entering circulation less than a year ago, its market cap has risen by almost two-hundred-fold. Its developers have also launched the Doggy DAO, which will allow the Shiba Inu community to vote on new protocol proposals and steer the development of its Ethereum-built blockchain ecosystem.
The Shiba Inu’s price has fluctuated by about two percent on Monday. This is a relatively small fluctuation, but it still creates headlines. Its underlying blockchain, Ethereum, has recently been upgraded. The move has helped Ethereum’s price climb a little over one percent on Monday. Meanwhile, the price of Dogecoin (DOGE), a dog-related meme coin on Ethereum’s blockchain, soared by 2.5%.
Shiba Inu’s price fluctuation may be based on speculation, not fundamentals. Its price can rise and fall rapidly, and many investors might be attracted by a short-term gain. However, investors should consider the long-term value of shiba inu before rushing into this investment. While it has already made a few people rich, it’s unlikely to be a safe investment for anyone. The risks involved are high and the returns could be modest or negative.
Shiba Inu is known for stellar gains in the past year, and it’s popular with enthusiastic investors. However, the token’s price has also been hit by controversy. Last December, the Ask the Doctor website filed a lawsuit against Shytoshi Kusama, accusing him of libel and threatening to reveal his identity in court. The resulting controversy shook the market, and the Shiba Inu lost thousands of followers within hours.
While the Shiba Inu coin’s price fluctuation has increased in recent days, it is still 81% below its all-time high, which was reached in March this year. If this trend continues, the price of SHIB may rise to $0.01, where it topped in March of this year.
A popular virtual currency, the Shiba Inu (SHIB) is now available on almost all major cryptocurrency exchanges, including Binance, Kucoin, and Kraken. This makes it accessible to users worldwide, and a great way to invest in cryptocurrency. In the past 24 hours, the price has dropped by 0.17%, making it the fifteenth-most-valuable cryptocurrency on the market. It has a circulating supply of 549,063,278,876,302 SHIB coins, with a maximum supply not known.
Exchanges that list SHIB
The price of SHIB cryptocurrency has increased a lot over the last few months. This is partly due to the community’s efforts to make the token more useful and also because of the new ecosystem spawned from it. The price climbed as high as $20 billion on October 7 this year.
The Shiba Inu blockchain ecosystem is powered by the SHIB token, which is a decentralized Ethereum-based ERC-20 token. This cryptocurrency is comprised of three digital assets: ShibaSwap (SHIB), BONE (BONE), and Doge Killer (LEASH). The Doge Killer token acts as the currency’s store of value due to its artificially capped supply.
You can buy SHIB on almost every major cryptocurrency exchange, including Binance, Kucoin, and Kraken. You can also purchase SHIB via peer-to-peer transactions, which involve sending an agreed-upon amount of fiat currency to a person’s bank account.
Coinbase, the largest cryptocurrency exchange in the U.S., subsequently listed the Shiba Inu in January 2019. The listing of Shiba Inu on Coinbase caused the price of the crypto to spike by over forty percent within two days. The token’s growth has prompted other exchanges to follow suit. Giottus, the largest cryptocurrency exchange in India, and Bitstamp, the largest cryptocurrency exchange in Europe, have also recently announced plans to list the Shiba Inu on their exchanges. In addition, the South Korean exchange Korbit is set to list the token sometime in 2021.
The Shiba Inu cryptocurrency is based on the Ethereum blockchain, which allows for smart contract functionality. Its users can use smart contracts to provide liquidity and earn interest. Another key component of the ecosystem is the Shib Burning Portal, which allows users to burn their SHIB tokens for cryptocurrency rewards. This portal is crucial to managing the supply and demand dynamics of the SHIB cryptocurrency. It also exerts deflationary pressure on the SHIB coin.
However, despite the high price on the Shiba Inu exchanges, the crypto does not have any intrinsic value. Its price may rise and fall, so it’s a risky investment. If you’re looking to buy or sell shiba inu, you should do your homework and make a smart decision.
Social media buzz surrounding SHIB
The social media buzz surrounding the Shiba Inu cryptocurrency is nothing short of incredible. Its community has grown to almost 410,000 members on Reddit alone. This is a remarkable figure considering that the Dogecoin community had over seven years to develop. This has created a huge amount of hype around SHIB which has subsequently led to an increase in price points and the emergence of FOMO among cryptocurrency investors.
In a recent tweet, SHIB creator Vitalik Buterin donated a portion of his tokens to a fund for disaster relief in India. Although the fund was unaware that Buterin was selling tokens, it regretted its decision. Elon Musk, who doesn’t own SHIB, also tweeted about it and caused its price to drop.
The October 2021 price surge made one wallet a billionaire, but who is the wallet owner? The wallet owner bought an estimated $8,000 worth of SHIB in summer 2020. The token’s price at the time was $5.7 billion. While the wallet owner’s identity is unknown, it seems to have spread the wealth to other wallets.
The SHIB token has been the subject of much social media buzz lately, and the hype surrounding it is based on the cryptocurrency’s popularity in pop culture. The cryptocurrency’s market cap is approaching $6 billion and the total circulating supply is estimated to be 549 trillion.
Shiba Inu developers have recently proposed changes to the BONE token. This is the ShibaSwap platform’s governance token, and it could be used for other purposes, such as fees for the layer-2 Shibarium protocol. This move may get the juices flowing in Shiba Inu’s community.
Shiba Inu is making headlines in the cryptocurrency world again, and the price has risen by 50% over the last week. Its popularity has led to the creation of several other meme coin projects. The coin will remain a great investment in cryptocurrency and tech, and the social media buzz surrounding it will continue to grow.
Unlike Shiba Inu, Avalanche has a real world application and an appealing name. It has also beaten its rivals in the list. In November, it rose more than eight percent over the previous month. This growth is likely due to its high-performing blockchain and real-world utility.