Did you know about Shiba Inu’s amazing climb? It hit its peak at $0.000088 on October 28, 2021. Then, it dropped roughly 30% year-to-date.
It now trades at about $0.000023. Shiba Inu draws both expert and new investors1. Launched in 2020, its strong community has pushed this crypto beyond a mere trend. It showcases the strength of decentralized finance and group-led projects.
This article covers the details. From SHIB price analysis to its impact on the wider crypto space. Looking for Shiba Inu market data or meme cryptocurrency insights? You’ll find everything you need here.
Key Takeaways
- Shiba Inu’s all-time high was $0.000088, reached on October 28, 20211.
- Shiba Inu has lost about 30% year-to-date and is currently trading around $0.0000231.
- The Shiba Inu ecosystem includes three tokens: SHIB, BONE, and LEASH1.
- Adoption is on the rise, including its acceptance as a payment option by AMC Entertainment Holdings Inc1.
- Shiba Inu has a loyal community known as the Shiba Army1.
Introduction to Shiba Inu CoinMarketCap
Shiba Inu shines in the crypto market with dynamic trades and a big market impact. On CoinMarketCap2, investors find detailed Shiba Inu trading insights. These include trading pairs and how prices move. This helps you stay updated and make good trading decisions2.
The Shiba Inu token started in August 2020 and has a huge supply of 1,000,000,000,000,0002. Its large supply has attracted many investors and traders, boosting its popularity. When Vitalik Buterin donated over 50 trillion SHIB to a charity in May 2021, Shiba Inu showed its strong community spirit2. CoinMarketCap records these moments, giving you key information on market trends.
Shiba Inu’s price has seen big ups and downs. By October 2021, its value jumped 240%, but then it fell 55% in November 20212. These changes show why it’s important to keep up with CoinMarketCap data for Shiba Inu trading2. The platform gives detailed market insights to track price changes and understand market feelings.
The Shiba Inu community supports the coin’s market presence. CoinMarketCap highlights Shiba Inu’s events and charity work, like Buterin’s donation2. This builds trust with long-term investors and helps new traders get to know Shiba Inu better.
CoinMarketCap gives a complete look at Shiba Inu, making it easy for you to learn about its trading scene. By using these insights, you’re more likely to make wise trading choices. It ensures your Shiba Inu trading is informed and up-to-date2.
With easy-to-use features and the latest updates, CoinMarketCap is a must for anyone invested in Shiba Inu. It helps you stay informed in the fast-moving crypto market.
History and Background of Shiba Inu
The SHIB origin is captivating, created by someone anonymous known as “Ryoshi.” Since starting in late 2020, this Ethereum-based meme coin has quickly gained fans. Ryoshi has stayed unknown, making the cryptocurrency more intriguing.
SHIB owes a lot of its success to strong community support. Celebrities like Elon Musk and Vitalik Buterin have significantly boosted its growth. After reaching an all-time high, SHIB passed one million holders, showing its wide acceptance3.
Shiba Inu holds more than 20% of all Ethereum whales’ ERC-20 tokens, outdoing CRO. Starting at merely $0.000000000056, it soared to $0.00003791 on May 10, 20214. Now, over 500 merchants accept SHIB, signaling increased retailer adoption3.
SHIB’s fame also comes from its future plans, like ShibaSwap. This decentralized exchange began as a Sushiswap fork but added new features3. Shiba Inu also wants to launch SHI, an algorithmic stablecoin bench-marked to a cent, aiming for global reach3.
SHIB’s value has seen ups and downs. It peeked in May 2021, then dropped because of the market and Bitcoin’s performance4. Experts believe SHIB reaching $1 is unlikely soon due to its vast supply. However, a spike in Bitcoin could push its value up4.
Continuing forward, 50% of all SHIB was locked on Uniswap, and the rest was given to Vitalik Buterin. He then burned 40% of it, increasing its value3. The origin story of SHIB, combined with big names and new ventures, keeps this meme coin’s interest alive.
Current Price of Shiba Inu
The price of Shiba Inu (SHIB) changes often. It’s affected by market feelings, social media, and industry news. If you want to follow SHIB prices, look at these important factors.
Factors Influencing Price
Market mood is a big factor affecting SHIB’s price. It can change quickly due to news or what people feel. Buzz on social media and celebrity support can also change SHIB’s value a lot5. Plus, new tech features or partnerships play a big role in its price5.
Historical Price Trends
Looking at Shiba Inu’s past prices shows a big growth since it started. Prices jumped when there was a lot of talk on social media and when the market was doing well5. Knowing these trends helps predict future price changes and when volatility might happen6.
Also, things like possibly buying a football team and starting an NFT marketplace could change SHIB’s past price trends6. Keeping up with these trends is key for informed investment decisions.
Market Capitalization of Shiba Inu
The SHIB market cap shows how big Shiba Inu is in the crypto world. Right now, Shiba Inu’s value is at $10.21 billion7. This makes it a major player among meme cryptocurrencies.
Comparison with Other Meme Coins
Shiba Inu really stands out in the meme coin crowd. It has even surpassed Dogecoin’s value at times. At its highest, Shiba Inu was worth $7.78 billion8. This shows it has a lot of support from investors.
Impact on Crypto Market
The influence of Shiba Inu on the crypto market is huge. Its quick rise and changes in price have made meme coins a big topic. Everyone’s talking about it, from the media to investors.
The token’s value changes a lot. For example, it dropped by 31.44%7 in a month but went up 1.80% in a week. These ups and downs show how unpredictable meme coins can be.
Trading Volume of Shiba Inu
The trading volume of Shiba Inu highlights its strong place in the crypto market. It shows a deep interest from investors and traders everywhere. The trading analysis of SHIB is key to understanding its behavior in the market and its future chances.
Daily Trading Trends
The daily trading trends for Shiba Inu show a lot of action. Recently, its price was $0.000007564. The 24-hour trading volume went up by 33.11%, reaching $87,230,6469. Also, 2.52 trillion SHIB tokens were traded in a day, hitting a three-week peak9.
This shows the rising interest and movement in the SHIB market.
Exchange Platforms and Liquidity
Shiba Inu’s presence on different crypto exchanges is vital for its easy access and liquidity. Being listed on major platforms makes it more visible. This allows more people to buy and sell SHIB10. Even with a 2.31% drop in LEASH, SHIB still managed a 1.03% increase. This shows its strong appeal among other tokens9.
Last week, there were 14 big transfers of over $1 million each. This was the most since April 3rd, showing strong liquidity9. Moreover, the community’s support and new developments like being listed on the Binance Smart Chain Mainnet suggest an advancing market10. These moves help keep the SHIB trading environment stable on various platforms.
Reasons Behind Shiba Inu’s Popularity
Shiba Inu has become very popular for many reasons, making it a top cryptocurrency. It has a loyal online community. The coin has seen big milestones and market moves.
Influence of Social Media
Social media has been key to Shiba Inu’s growth. Twitter and Reddit help the SHIB community share news and memes. This has helped grow a large group that draws in new investors every day. Shiba Inu’s trading volume jumped by 162%, raising its profile with traders11.
It even reached over one million owners. This shows how many people support and engage with it3.
Celebrity Endorsements
Celebrities have boosted Shiba Inu’s appeal. Tweets from Elon Musk and Vitalik Buterin sparked huge interest. This led to big price jumps and more trading4.
Over 500 businesses now accept SHIB. This includes Newegg and a restaurant in Paris. Social media and celebrities have helped make SHIB widely accepted3. This shows SHIB’s growth into a mainstream cryptocurrency.
Shiba Inu vs Dogecoin: A Comparative Analysis
The battle between Shiba Inu and Dogecoin has caught the crypto world’s attention. These coins have grown a lot but show big differences in their market success and popularity.
Market Performance
Dogecoin and Shiba Inu have shown strong market results. Dogecoin hit its peak price of $0.682 on May 8, 2021, after some big endorsements12. Shiba Inu, on the other side, saw its price jump by 220.5% in two weeks and nearly 250% in a month, with a 223.3% rise since March 202312.
Dogecoin’s market value reached $25 billion, going beyond Shiba Inu’s $20 billion12. Dogecoin’s value shot up by 339% in January 2021, showing its unstable yet strong growth12. Meanwhile, Shiba Inu gained over 8,400 new addresses in early March, eventually adding up to 21,000 daily new addresses. This shows a big increase in its user base12. Despite their tendency for sudden price changes, both coins are seen as important digital assets.
Adoption and Use Cases
Dogecoin started in 2013, quickly becoming famous13. It has more than 140 billion coins out there and adds about 5 billion more DOGE every year. This setup makes Dogecoin a popular choice for payments13. In June 2023, nearly 7% of BitPay’s crypto transactions were done in Dogecoin, unlike less than 1% in Shiba Inu13.
Shiba Inu came out in 2020 and has a fixed max supply of 1 quadrillion tokens. Its circulating supply was at 589.34 trillion by July 202313. Even though it’s newer, Shiba Inu got more views than Bitcoin on CoinMarketCap in 202113. It also has a higher rate of tokens being burned, with 14,238,113,469 SHIB tokens recently destroyed, which is a 6,478.69% jump in the weekly burn rate12.
This SHIB vs DOGE comparison shows they each have their own strengths in the market and use cases. They’re expected to keep competing closely in the meme coin scene12.
Decentralized Finance (DeFi) and Shiba Inu
Shiba Inu has grown past just being a meme coin by diving into decentralized finance or DeFi. Its role in SHIB DeFi got a boost with ShibaSwap’s launch. This platform lets users trade, stake, and get rewards in different liquidity pools. It shows how SHIB is more useful and valuable in the DeFi world.
Shiba Inu makes up more than 20% of all ERC-20 token market shares held by big Ethereum investors3. Experts see its value increasing14. Big crypto investors like Animoca Brands and Mechanism Capital put $12 million into SHIB. They plan to grow its influence with a new “layer three” blockchain15.
The rise in SHIB’s fame and its big price changes show its strong effect on the crypto market14. Now, over 500 stores accept SHIB as payment3, proving it’s becoming widely used. With TREAT blockchain, SHIB aims to make transactions more private using advanced encryption15.
There are new tokens like BONE, LEASH, and soon, TREAT, in the Shiba Inu world. BONE came out in July 2021 as Shibarium’s token15. LEASH has a set number of tokens and gives owners more benefits15. Now, SHIB can be used at Newegg through BitPay, making it easier for people to spend3
Shiba Inu’s evolution from a meme to a big name in DeFi shows its potential for more innovation. The community is working hard to make Shiba Inu more useful. With ShibaSwap and other projects, Shiba Inu is set for a bright future in DeFi. This shows its dedication to becoming more useful and influential.
Overview of ShibaSwap
ShibaSwap is the go-to decentralized exchange in the Shiba Inu world. It offers a special setup made just for those holding SHIB. It started by taking inspiration from Sushiswap but quickly grew. Now, it plays a crucial role in the Shiba Inu community by offering safe and efficient ways to trade3.
This platform lets users stake and swap, helping them earn rewards and trade easily16. These options have helped ShibaSwap become very popular, with millions using it often3. It also helps grow SHIB’s role in many decentralized apps. This includes NFTs and earning passive income through staking16.
The SHIB proprietary DEX focuses a lot on keeping users’ money safe. It does this by recommending the use of secure hardware wallets, like the Ledger16. It also stands out because of its unique token system and clear operations. This makes it appealing for new and experienced crypto traders alike.
| Feature | Description |
|---|---|
| SHIB Proprietary DEX | Tailored to serve SHIB holders with secure and efficient trading solutions. |
| Decentralized Exchange Features | Includes staking, swapping, and secure trading mechanisms. |
| ShibaSwap Services | Provides staking and swapping, enabling users to earn rewards and effortlessly trade tokens. |
ShibaSwap is always getting better, adding new features for its users. Its commitment to security, ease of use, and rewarding experiences keeps it at the heart of the Shiba Inu story. It’s set to grow and welcome even more users316.
Shiba Inu’s Role in the Meme Coin Universe
Shiba Inu (SHIB) stands out as a top player among meme coins, rivaling Dogecoin (DOGE)17. Its massive presence fuels talks across numerous crypto spaces. A key to its popularity is the strong support from its community, helping it gain widespread recognition.
Shiba Inu plays a big part in setting trends within the meme coin world. It has grown fast, just like other tokens such as Mummy Tate (TATEMUM), which jumped up 11,000% after its market cap reached $148,00017. These shifts show how meme coins can truly shape the crypto market.
SHIB’s impact isn’t only about rising prices or its place in the market. For example, a significant bitcoin move by a German government-linked wallet to big exchanges like Coinbase and Kraken mirrors trends in big meme coins like Shiba Inu17. Such activities point out the strategic importance of leading meme coins in the crypto world.
Studying Shiba Inu’s role in the meme coin field shows a complex story. While detailed data might not always be there, SHIB’s control is clear through community actions and transactions18.
Also, the crypto world’s reaction to Shiba Inu shows in investors’ strategic changes. For instance, when Render and Chainlink backers flock to MoonBag’s top crypto presale17. These shifts highlight SHIB’s capacity to boost confidence and influence market trends uniquely.
To wrap it up, Shiba Inu is a leading force in meme coins because of its market sway and strong community backing. Even without specific stats, SHIB’s broad effect on the crypto scene emphasizes its essential place in the meme coin universe18.
SHIB Tokenomics
SHIB’s tokenomics are key for both investors and fans. It includes the SHIB supply, distribution strategies, and token burning. These aspects are crucial for its market value.
Supply and Distribution
The SHIB supply model balances ease of access with rarity. It started with a huge 394 trillion coins. Half of this supply got locked in Uniswap for liquidity19. This move helps keep the coin stable in the market.
Community features are also important in the model. The SHIBARMY platform makes handling assets easier. It brings together accounts, tokens, and even real estate19. By focusing on community and engagement, it enriches the user’s experience in the crypto world.
Burning Mechanisms
The burning strategy is vital for SHIB’s value19. It started when Vitalik Buterin burned half of the total supply. This action reduced the number of coins, aiming to raise their worth.
To manage its supply, Shiba Inu uses different burn methods. Manual burns, buybacks, and special events help keep the value up19. These efforts aim to support the token’s price in the long run.
For the latest on SHIB supply and more, check its CoinMarketCap page.
Security Measures for Shiba Inu
Keeping the SHIB crypto secure is critical for investor trust and protecting online assets. Launched in 2020, Shiba Inu takes key steps for security within its environment16. A major step is using the Ethereum network, which follows tough security rules through ERC-20 standards16. This choice strengthens token safety, relying on one of the safest blockchain platforms available.
Shiba Inu also partners with Ledger hardware wallets for secure storage16. These wallets keep private keys offline, lowering the chance of online threats. The use of multi-signature transactions adds more safety, needing several approvals for any transaction16.
Shiba Inu’s partnership with Zama for Fully Homomorphic Encryption (FHE) shows its dedication to security16. FHE protects sensitive data while keeping it usable, marking a step forward in SHIB crypto security.
Shiba Inu’s decentralized exchange, ShibaSwap, is key to the ecosystem16. ShibaSwap allows token trading and boosts token safety with its security features. The exchange’s no-fee policy on Uniswap also attracts more investors, removing transaction fees16.
Community efforts like burn parties enhance SHIB crypto security. These events reduce available tokens, affecting the market and potentially raising token value165. They also encourage participation and secure storage among owners.
Furthermore, the Shiba Inu plan allocates 5% of transactions to both token holders and liquidity5. It aims to expand its ecosystem and offer more economic benefits through an NFT marketplace and acquiring a sports club5. The NFT marketplace will offer a variety of digital collectibles, ensuring trade security with blockchain5.
Shiba Inu Community and HODL Philosophy
The SHIB crypto community shows the power of sticking together and being strong. “HODL” came from a typo of “HOLD” in a forum in 2013. It means keeping your crypto in tough times20. This idea of keeping investments for the long run is key in the SHIB community. It strengthens bonds and confidence among investors.
SHIB followers embrace the HODL plan, urging members to keep their SHIB tokens for future gain. This is similar to stock market strategies but with more ups and downs20. The SHIB community’s strong belief in this plan shows how much crypto fans back it.
The birth of HODL has greatly changed the crypto scene. For example, in 2024, the VanEck Bitcoin Trust started. It uses “HODL” as its symbol. This shows how much the investment world respects the HODL spirit20.
The HODL term, beloved by crypto fans, means to keep your crypto no matter what. It stands for courage during tough times20.
The community’s focus on HODL leads to different programs that support long-term holding. They believe holding SHIB tokens can build wealth and improve market standing over time.
A huge story is the American government’s big investment in Shiba Inu. An article called “Crypto: The USA Holds an Astronomical Amount of Shiba Inu,” highlights SHIB’s significance in the crypto world21.
How to Buy Shiba Inu: Step-by-Step Guide
To buy SHIB tokens, you need to set up a digital wallet first. Then, you conclude with a market order. This simplifies the steps for you.
- Set Up a Digital Wallet: First, get a digital wallet to hold your SHIB tokens. MetaMask or Trust Wallet are good for their safety and easy features.
- Choose a Crypto Exchange: Use platforms like Coinbase, Kraken, or Binance to find SHIB tokens. The fees and your experience depend on the exchange you pick2223.
- Create an Account: Sign up on your chosen exchange. You must pass the Know Your Customer (KYC) steps to follow the rules23.
- Deposit Funds: Put money in your exchange account. You can use bank transfers, cards, or even PayPal on many platforms.
- Select SHIB Trading Pair: Choose the SHIB pair that matches your money. If you used USD, look for SHIB/USD.
- Execute the Trade: You can make a market or limit order for SHIB. Market orders buy at the current price. Limit orders let you choose your price.
- Transfer SHIB to Your Wallet: Move your SHIB to your wallet after buying. This keeps your tokens safer.
Knowing the fees and the market’s ups and downs is key. Shiba Inu’s price moves with demand, just like other cryptos. As of August 2024, its price is about $0.00001323 with a $7.8 billion market cap22. It hit over $40 billion in October 202123.
Remember, investing in Shiba Inu comes with big risk. You should only use money you can afford to lose22.
By taking these steps and knowing the dangers, you can buy SHIB safely. Always stay smart and careful in the fast-changing crypto world.
Shiba Inu CoinMarketCap: A Detailed Insight
Understanding SHIB market analytics means looking at important metrics. These metrics shape its performance and lay the foundation for deep investment analysis. By focusing on these data points, we get a clearer view of SHIB’s future.
Key Metrics to Watch
One key metric is the number of SHIB tokens out there, which is 549,095,509,738,35324. This big number affects the token’s price and its ups and downs. Also, keeping an eye on the total stablecoins volume, making up 92.36% of the 24-hour volume, shows market liquidity25.
Notable price changes give us important clues. SHIB grew by about 679405.59% since starting26. But, it saw a 15% price drop in the last four weeks, showing market changes26. Watching these shifts helps make smart investment choices.
“In March 2021, Elon Musk’s tweet about getting a Shiba Inu puppy spiked SHIB’s price24.”
Predictions and Future Trends
To look at SHIB’s future, we examine possible market trends and price predictions. Being the 18th biggest cryptocurrency with a market cap of $5.34 billion shows its growing spot in the market26. Also, the number of SHIB holders tripled in just two days in April 2021, indicating more investor interest24.
Prediction models think SHIB could hit around $0.000025 by November 1st if it keeps growing 10% every month26. Yet, the crypto world is very unpredictable, making exact forecasts hard. Experts advise careful investing in this uncertain market.
| Metric | Current Value | Implications |
|---|---|---|
| Circulating Supply | 549,095,509,738,353 SHIB24 | High supply can affect price stability |
| Market Cap | $5.34 billion26 | Ranked 18th on CoinMarketCap |
| Recent Price Change | -15%26 | Reflects recent market pressures |
| Growth Rate | 679405.59%26 | Significant growth since launch |
| Monthly Growth Prediction | 10%26 | Potential value of $0.000025 |
A thorough look into SHIB market analytics and key metrics can keep you ahead in the fast-moving crypto world. This analysis offers insights into upcoming trends and potential investment chances.
Conclusion
Shiba Inu (SHIB) has a dual role in the crypto world. It’s both a cultural icon and a financial asset. Since its start, Shiba Inu’s value soared by an incredible 12,505,887.6%. This shows its strong impact on the crypto market27. Despite its ups and downs, like hitting an all-time high of $0.00003791 on May 10, 2021, SHIB keeps attracting crypto fans27.
Vitalik Buterin played a big role by burning 90% of SHIB tokens. This move added an intriguing twist to its story27. The commitment of the SHIB community is evident. For example, ShibaSwap reached $1 billion in locked liquidity in just 24 hours. This shows SHIB holders’ strong belief in its future27. These details point out the Shiba Inu community’s dynamic support for its growth.
The opinions on SHIB in the market vary. Some experts think its popularity is due to social media buzz, not solid foundations27. But the crypto market is always changing, and Shiba Inu’s path offers lessons for both investors and fans. These insights reveal how speculation and community backing make SHIB an interesting crypto asset to watch.