Shiba Inu (SHIB) Price Today
- Current Price: $0.00001159 USD
- 24-Hour Trading Volume: $129.4 Million
- 24-Hour Change: +0.00%
- Circulating Supply: 589.25 Trillion SHIB
- Max Supply: 589.55 Trillion SHIB
What Is Shiba Inu (SHIB)?
SHIB is a decentralized community experiment developed within the Shiba Inu ecosystem. Unlike Bitcoin’s scarcity model, SHIB was designed to be abundant, with a total supply of one quadrillion tokens. Users often hold billions or even trillions of SHIB.
Key Features:
- Meme Coin Origins: Started as a playful alternative to Dogecoin.
- Ethereum-Based: Compatible with Ethereum wallets, DEXs, and DeFi apps.
- High Supply: Encourages mass adoption through low individual token costs.
Brief History of Shiba Inu
SHIB began as a meme coin but evolved into a decentralized ecosystem. At launch, 50% of its supply was sent to Ethereum co-founder Vitalik Buterin’s wallet. Key milestones:
- Price Surge: Rose 150,000x from its all-time low ($0.000000000056) to its peak ($0.000084).
- Vitalik’s Actions: Donated 10% of his SHIB ($1 billion at the time) to COVID-19 relief in India and burned 40%.
How Does Shiba Inu Work?
The Shiba Inu team expanded its ecosystem with:
- ShibaSwap: A decentralized exchange (DEX) featuring tokens like LEASH (scarce supply) and BONE (governance token).
- Doggy DAO: A decentralized autonomous organization for community voting.
Use Cases:
- DeFi Integration: Used in lending, savings, and NFT marketplaces.
- NFT Projects: Supports NFT art incubators.
- Community Governance: BONE token holders vote on ecosystem proposals.
FAQs
1. Is Shiba Inu a good investment?
While SHIB has shown volatility, its strong community and expanding ecosystem make it a high-risk, high-reward asset. Always research before investing.
2. Where can I buy Shiba Inu?
👉 Buy SHIB on trusted exchanges
3. What’s the difference between SHIB and Dogecoin?
Both are meme coins, but SHIB is Ethereum-based with DeFi utilities, while Dogecoin uses its own blockchain and focuses on payments.
4. Can SHIB reach $1?
Given its massive supply, reaching $1 would require unprecedented demand. More realistic targets are discussed in community forums.
5. How do I store SHIB safely?
Use Ethereum-compatible wallets like MetaMask or hardware wallets for long-term storage.