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Description

What is Shiba Inu (SHIB)?

Shiba Inu (SHIB) is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem. 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.

As a result of that, Vitalik proceeded to donate 10% of his SHIB holdings to a COVID-19 relief effort in India and the remaining 40% is burnt forever. That donation was worth about $1 billion at that time, which makes it one of the largest donation ever in the world.

What has the Shiba Inu community worked on?

The Shiba Inu 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.

Shiba Inu coin in 2022

Right now in 2022, Shiba Inu coin has captured mainstream attention as a meme coin. On Oct 28th, 2021, the cryptocurrency reached an all-time-high price of $0.000084. That was a +150,000,000% increase from when it was launched in August 2020.

Looking at the overall chart, Shiba Inu grew at a faster rate and have overtaken Dogecoin in terms of market cap. Both are running the narrative as the dominant global meme coin and a very volatile as there are no utility other than speculation and for transaction purposes.

The rapid rise of Shiba Inu coin price have gotten a lot of crypto analysts and experts concern about an incoming massive correction.

24 hour trading pattern

7 Days trading pattern

14 Days trading pattern

30 Days trading pattern

90 Days trading pattern

180 Days trading pattern

One year trading pattern

Max Price chart

Shiba Inu price today is $0.000023929221 with a 24-hour trading volume of $594,369,844. SHIB price is down -4.6% in the last 24 hours. It has a circulating supply of 550 Trillion SHIB coins and a total supply of 1 Quadrillion. If you are looking to buy or sell Shiba Inu, TokoCrypto is currently the most active exchange.

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