Shiba Inu Price Today
- Overall ranking: #12
- Coin
Shiba Inu Price (SHIB)
Market Cap
Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.
Market Capitalization = Circulating Supply x Current Price.
$18,572,222,786
3.10%
Fully Diluted Market Cap
FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.
FDMC = Max Supply x Current Price.
Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.
$18,580,191,287
3.10%
Trading Volume
$4,615,227,800
41.00%
Volume / Market Cap
0.2485
Circulating Supply
Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).
Verified Data
Bitcoin project's Circulating Supply has been verified and is equal to:
Circulating Supply
Number
589,256,024,278,000.00 SHIB
Max Supply:
The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.
Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.
--
Total Supply:
The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares
Total Supply = All Issued Coins - Burned Coins.
Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.
589,256,024,278,000
Shiba Inu (SHIB) to USD Chart
SHIB to USD Converter
Shiba Inu
The current real-time Shiba Inu price is $0.00 . SHIB price has grew by 3.1% in the last day and increased by 24.27% in the last seven days. It’s important to note that the current Shiba Inu market capitalization is $18,572,222,786. The maximum supply is coins, with a circulating supply of 589,256,024,278,000.00. SHIB is ranked #12 in terms of market cap.
Shiba Inu In A Nutshell
Shiba Inu is a popular meme coin rivaling Dogecoin. The ERC-20 cryptocurrency is community-driven and takes the form of a Decentralized Autonomous Organization (DAO). The Shiba Inu ecosystem comprises a DEX, metaverse, NFT collection, and staking platform. It was created in 2020 by Ryoshi, who handed over control of Shiba Inu to its community in 2021. Learn more about what Shiba Inu is.
How Shiba Inu Works – An Overview
Shiba Inu is an ERC-20 cryptocurrency built on the Ethereum network. As it utilizes Ethereum’s architecture, Shiba Inu is secure, decentralized, and scalable. Similarly, Shiba Inu is a Proof-of-Stake (PoS) cryptocurrency, meaning that users can stake SHIB holdings to strengthen the network and earn rewards.
The Shiba Inu ecosystem comprises three tokens with unique purposes. The core token, SHIB, facilitates investment into the project and can be used to purchase goods and services at select retailers.
BONE is Shiba Inu’s staking and governance token. It enables holders to vote on proposals. Users can also stake BONE to earn rewards by validating Shibarium transactions and securing the network.
LEASH is an exclusive token with a finite supply of 107,646 tokens. The asset is used to reward Shiba Inu’s biggest supporters and comes with exclusive benefits like early access to NFT mints and the Shib Metaverse.
As an ERC-20 asset, the speed and settlement time for SHIB transactions varies based on the congestion of the Ethereum network. On average, SHIB transactions will cost around $2.50 to $5 in ETH. Settlement speeds can vary from around 20 minutes to approximately one hour.
Why Shiba Inu Is Unique
In contrast to cryptocurrencies like USDT, Shiba Inu is entirely in the community’s hands. The founder, Ryoshi, stepped away from the project in 2021, leaving Shiba Inu as a Decentralized Autonomous Organization (DAO) dubbed ‘Doggy DAO.’ Holders of the project’s governance token can vote on proposals and updates to the project, making it 100% community-driven.
Shiba Inu is the second most popular meme coin, behind Dogecoin. However, it differentiates itself from other assets in the sector through its focus on building utility. The Shiba team has created an exchange and a layer two network. The project also builds a metaverse world and a crypto game in which the Shiboshis NFT collection will be useful.
One way that the Shiba Inu team has introduced utility to the project is by building the propriety Shibaswap Decentralized Exchange (DEX). It’s available directly on the Shiba Inu website and allows users to swap, bridge, or pledge tokens to a liquidity pool to earn rewards. Within the Shiba Inu ecosystem, staking to earn rewards is referred to as ‘Burying.’
Complete Shiba Inu Price History
Upon its launch, there was little demand for Shiba Inu or meme coins, resulting in SHIB trading at around $0.00000001 from its release until March 2021. In April, SHIB gathered steam amidst high-profile exchange listings and the start of the bull run. In April, SHIB traded for $0.000000249, but by May, the asset rocketed to $0.00003043.
SHIB fell sharply in the following months and hovered around $0.0000065 until October when SHIB exploded alongside the broader crypto market. Fueled by exchange listings, a market-wide rally, and the ShibaSwap release, SHIB hit an all-time high of $0.00007157 by November 2nd.
Unfortunately, SHIB couldn’t keep its momentum going and dropped to around $0.00001, where it stayed, save from a few dips, until the start of 2024, prompting some to wonder if Shiba Inu is dead. However, as the Shibarium layer 2 gained increased adoption, SHIB had a brief resurgence, hitting $0.00003556 in March before slowly dropping to today’s price of $0.00001628.
SHIB Circulating Supply
Shiba Inu has a circulating supply of 589,256,024,278,000.00 and no maximum supply, making it an inflationary asset, although there is a 1% burn on all transactions. Initially, 1000 trillion SHIB tokens were created, half sent to Ethereum’s Vitalik Buterin and half locked on Uniswap. BONE has a maximum supply of 250 million tokens, and LEASH has 107,646.
Share text copied successfully!