Exploring Shiba Inu (SHIB): From Meme Token to Mainstream Sensation
What is Shiba Inu (SHIB)?
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.
What has the SHIB community worked on?
The SHIB 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.
Where can you buy SHIB?
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 $3,965,792.72 in the last 24 hours. Other popular options include DigiFinex and MEXC.
What is the daily trading volume of SHIB?
The trading volume of Shiba Inu (SHIB) is $213,182,136.10 in the last 24 hours, representing a -53.60% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for 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 -73.80% lower than the all-time high price.
What is the all-time low for 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 39,979,958.90% higher than the all-time low price.
What is the market cap of SHIB?
Market capitalization of Shiba Inu (SHIB) is BTC218,193.5395 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 SHIB?
The fully diluted valuation (FDV) of Shiba Inu (SHIB) is BTC370,275.5210. 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 SHIB compare against its peers?
With a price decline of -10.00% in the last 7 days, Shiba Inu (SHIB) is underperforming the global cryptocurrency market which is down -4.00%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
How to add 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.
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