In the last few weeks, it seems that all crypto investors are talking about the Shiba Inu token (SHIBA) while the financial truyền thông media are writing about it a lot. What is known about this cryptocurrency, and why is it called ‘the Dogecoin killer‘? In this article, we try to lớn depict fully the current position of the new cryptocurrency on the market and what the future holds for it.

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Shiba Inu Overview

SHIB Price$0.000010
Price Change 24h1.98%
Price Change 7d-3.53%
Shiba Inu Market cap$5,495,706,801.97
Circulating Supply549,063,278,876,302 SHIB
Trading Volume$109,683,003.38
All time high$0.00009
All time low$0.00000000008

Shiba Inu price today

What Is the Shiba Inu Coin?

Shiba Inu (SHIB) is a token inside the Shiba Inu ecosystem. This decentralized meme token was created in August 2020 by Ryoshi — an anonymous person or a group of people. Ever since the Shiba Inu coin hit the cryptocurrency market, it has been compared to lớn the DOGE coin. In reality, however, they have nothing in common besides both being meme coins & an occasional endorsement from Elon Musk. The project does parody Dogecoin with its use of Shiba Inu puppy, but SHIB’s developers are aiming khổng lồ solve serious, real-life problems.

SHIB was released on the Ethereum blockchain as an ERC-20 token with a total supply of one quadrillion coins. Before launch, developers transferred half of the digital coins to lớn the Uniswap DEX và destroyed the keys. The other half of the coins was transferred khổng lồ the founder of Ethereum, Vitalik Buterin. He burned 90% of the SHIB tokens by sending them lớn a non-existent address. In total, Buterin destroyed 410 trillion tokens worth $6.5 billion. The creators of the project had the following explanation:

Shiba Inu was the first project to follow this path. Everyone should buy coins on the open market, ensuring a fair và complete distribution, in which developers do not own the tokens and cannot dump them into the community.

In 2020, Buterin transferred more than 50 trillion Shiba Inu tokens to lớn the India COVID-Crypto Relief fund. At the time of the transaction, they were worth about $1.14 billion. He also promised to lớn donate the remaining Shiba Inu tokens khổng lồ charity, but this time, to tư vấn longer-term initiatives.

As the project grows, the creators of Shiba Inu (SHIB) want lớn turn it into a full-fledged decentralized ecosystem and transfer 100% of rights to the community lớn manage the protocol without a governing body.

The Shiba Inu price history had a perfect start — in a few weeks of its existence, its price rose by 27,000%. Percentage-wise, it was an outstanding performance for the Shiba coin, but it’s important to lớn mention that the token price did not reach even one-tenth of a cent.


Should You Buy Shiba Inu Coin?

According khổng lồ Shiba Inu price predictions we’ve analyzed, it can be a good investment. The growth potential is over 100% for the next few years. However, it’s better to lớn buy Shiba Inu in moderate amounts because the project hasn’t yet established its real-world value.

Keep in mind that information about the Shiba Inu coin is given for informational purposes only. Knowing an approximate SHIB price is helpful, but as with any coin, you need to lớn make your own analysis of the price action. Before making any investment decisions, always vì chưng your own research beyond just looking at the Shiba Inu forecast.

In addition to lớn its native token, the Shiba Inu ecosystem also hosts LEASH & BONE, which you can buy on the official website. Make sure you dig up enough information about these coins because they are far less known than Shiba Inu.

Will Shiba Inu Coin Price Reach 1 Dollar?

If Shiba Inu (SHIB) maintains its current màn chơi of growth, it won’t be able khổng lồ reach $1 in the near future. Our Shiba Inu price prediction has a more realistic outlook. Still, even without $1, you can buy Shiba Inu & find it lớn be a fantastic investment opportunity.

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But when in the crypto market, never say never in any price prediction. Who knows if Elon Musk will post another promotional Tweet for his favorite meme coin và if Shiba tokens will see massive gains shortly after. What’s more realistic, though, is Shiba Inu taking over Dogecoin. Shiba Inu has the advantage of having a lower supply.

Is Shiba Inu Coin Real?

There is no doubt that the Shiba Inu coin is real and can be traded. If you want to get SHIBA, the best place khổng lồ get it is an instant cryptocurrency exchange, which allows you to swap SHIBA to lớn a wide range of 200+ cryptocurrencies. In case of any questions, do not hesitate to tương tác our support Center!

Does Shiba Inu coin have a future?

Most experts agree that the Shiba Inu token has a future, as it has active support from the community. If the Shiba Inu price continues lớn rise at its current rate, it will be an incredibly worthwhile investment. Also, Elon Musk’s mentions of the meme coin on Twitter helps SHIB stay on the radar.

Shiba Inu price now 

As of now, Shiba Inu (SHIB) price is $0.000010 with Shiba Inu market capitalization of $5,398,008,951.19.

Is Shiba Inu a good investment?

Considering current bearish trend in Shiba Inu price movements, it is expected the cryptocurrency will continue meeting price decline. Please, invest wisely and don’t forget to lớn DYOR when investing in any type of asset.

Can Shiba Inu rise? 

It seems that the average price of Shiba Inu might reach $0.0000117088 in the end of the year. In five-year plan perspective, the cryptocurrency could probably rise up to $0.0000780622. Due to price fluctuations on the market, please always bởi your research before invest money in any project, network, asset, etc.

How much will Shiba Inu be worth 2023?

SHIB minimum & maximum prices might hit $0.0000167683 và $0.000019748 accordingly.

How much will Shiba Inu be worth 2025?

Shiba Inu network is developing rapidly. SHIB price forecast for 2025 is rather positive. The SHIB average price is expected to reach minimum & maximum prices of $0.0000363664 and $0.0000419658 respectively.

How much will Shiba Inu be worth 2030?

SHIB is provided with suitable environment lớn reach new heights in terms of price. SHIB price prediction is quite positive. Business analysts predict that SHIB might reach the maximum price of $0.0002731327 by 2030. Please take into tài khoản that none of the data provided above is neither fundamental analysis nor investment advice. None of the information provided is

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Disclaimer: Please cảnh báo that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only & should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability và accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to lớn an investment.