Shiba Inu Price Today
The current price of Shiba Inu (SHIB) is $0.0000117. Over the last 24 hours, the price has declined by -3.51%, with a slight drop of -0.5% in the past hour.
Key Metrics:
- 7-day change: +3.47%
- 30-day change: -10.99%
- 24-hour trading volume: $150,922,620
- Price range (24h): $0.0000117 (low) – $0.0000121 (high)
Historical Highlights:
- All-time high (ATH): $0.0000862 (Oct 28, 2021)
- All-time low (ATL): $0.0000000000564 (Nov 28, 2020)
Market Position:
- Rank: #24
- Market cap: $6,873,818,921
- Fully diluted valuation: $6,876,789,121
Supply Details:
- Circulating supply: 589,248,069,099,625 SHIB
- Total supply: 589,502,685,192,839 SHIB
Long-Term Trends:
- 1-year price change: -25.6%
- 200-day price change: -57.54%
👉 Track SHIB’s live price and trends
What Is Shiba Inu (SHIB)?
Shiba Inu (SHIB) is a decentralized meme token launched in 2020, inspired by the Japanese Shiba Inu dog breed. It’s part of a wave of dog-themed cryptocurrencies, including Dogecoin, Akita Inu, and Floki Inu.
Key Features:
- Decentralized ecosystem: Supports staking, NFTs, and DeFi.
- Community-driven: No central authority; governed by holders.
Who Created Shiba Inu?
SHIB was launched by an anonymous developer known as "Ryoshi". A strategic move involved gifting tokens to Vitalik Buterin (Ethereum co-founder), who donated them to Covid-19 relief efforts in India. This act boosted SHIB’s visibility and adoption.
What Is Shiba Inu Coin Used For?
Despite criticism as a "meme token," SHIB has evolved into a functional ecosystem:
Use Cases:
- ShibaSwap: A decentralized exchange (DEX) for trading and staking SHIB.
- NFTs: Supports Shiba-themed digital collectibles.
- Shibarium: An upcoming Ethereum-based L2 blockchain to expand utility.
👉 Explore ShibaSwap’s features
What Was Shiba Inu’s Highest Price?
SHIB’s all-time high of $0.00008616 was reached in October 2021, fueled by viral attention and Buterin’s donation.
FAQ
1. Is Shiba Inu a good investment?
SHIB is highly volatile and speculative. Research market trends and risks before investing.
2. How can I buy SHIB?
Purchase SHIB on major exchanges like OKX or decentralized platforms like ShibaSwap.
3. What is Shibarium?
Shibarium is SHIB’s Layer-2 blockchain, aiming to reduce fees and enable smart contracts.
4. Why did SHIB’s price drop after 2021?
Market corrections, reduced hype, and broader crypto downturns contributed to the decline.
5. Can SHIB reach $0.01?
Achieving $0.01 would require massive demand and supply reduction—currently unlikely due to SHIB’s trillion-token circulation.
Final Note: SHIB remains a high-risk, high-reward asset. Stay updated with real-time data and diversify investments wisely.
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