SHIB

profitfirst (49)in justshoplife • last year

SHIB Price Live Data
The live Shiba Inu price today is €0.000010 EUR with a 24-hour trading volume of €115,153,966 EUR. We update our SHIB to EUR price in real-time. Shiba Inu is up 0.04% in the last 24 hours. The current CoinMarketCap ranking is #15, with a live market cap of €5,676,652,463 EUR. It has a circulating supply of 549,063,278,876,302 SHIB coins and the max. supply is not available.

If you would like to know where to buy Shiba Inu at the current rate, the top cryptocurrency exchanges for trading in Shiba Inu stock are currently Binance, BTCEX, CoinW, OKX, and Deepcoin. You can find others listed on our crypto exchanges page.

What Is SHIBA INU (SHIB)?
Once upon a time, there was a very special dog. That dog was a Shiba Inu, and this dog inspired millions of people around the world to invest money into tokens with the dog's image on it.

According to the SHIBA INU website, SHIB is the "DOGECOIN KILLER" and is listed on their own ShibaSwap, a DEX. Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.

This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Vitalik Buterin was long believed to be the originator of Shiba Inu, but denied such rumors on the Lex Fridman podcast on June 5, 2021.

Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin's Srypt-based mining algorithm. Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS) and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD.

Shiba's success sparked an avalanche of copycats, such as BitShiba, Shiba Fantom, Shibalana, King Shiba, SHIBAVAX, Captain Shibarrow, SHIBA2K22, SpookyShiba and countless others. In total, there may be well over 100 Shiba Inu copies, and the number keeps rising constantly.

On Sept. 17, 2021, Coinbase, the largest U.S.-based crypto exchange, listed Shiba Inu on their platform. This news caused Shiba Inu price to rise by over 40% in the following two days, bringing the meme dog token into the spotlight again.

Shiba Inu has since attracted more interest from other exchanges as well. Bitso, Mexico's biggest cryptocurrency exchange, announced in September that SHIB would start trading on its exchange. Giottus, an Indian crypto exchange, announced the same. Bitstamp, the biggest crypto exchange in Europe, said that it would list Shiba Inu for trading at the beginning of 2022. Korbit, a South Korean exchange, became the country's first exchange to list the SHIB token in 2021.

Who Are the Founders of SHIBA INU?
The SHIBA INU WoofPaper has three reasons why their team created SHIB:

"We started from zero, with zero."
"The brilliant minds behind Shib had never collaborated before."
"We love Shiba Inu Dogs."
The anonymous creator of the Shiba Inu coin is known as "Ryoshi." However, very little is known of the mystery founder of the dog-themed cryptocurrency, much like the founder of Bitcoin, Satoshi Nakamoto.

In his blog RYOSHI RESEARCH, he characterizes himself as "just some guy of no consequence tapping at a keyboard." Ryoshi said that usually in projects there are different roles like a CEO, a "tech guy," and a roadmap, resulting in "someone plebs can bitch at." He stresses that with Shiba, no one person is accountable or responsible and underlines that he owns 0 SHIB to this day. For this reason, Ryoshi can be "pure and unbiased," getting satisfaction from Shiba "in other ways."

It has been speculated that Vitalik Buterin was behind the initial liquidity that helped set up Shiba Inu's liquidity on Uniswap. According to Ryoshi, he had "a fren" he met at Devcon in Osaka that sent him 10 ETH to set up the liquidity pair on Uniswap. Ryoshi also stated that Shiba Inu was an experiment in decentralized community building, and he thus declined all the influencer requests and pitches from different exchanges he received. His "job" is to defend the brand and give suggestions, although he does so very sparingly, as his last blog entry dates back to May 2021.

What Makes SHIBA INU Unique?
The SHIBA INU website invites dog-inspired artists from all over the world to foster the "artistic Shiba movement" as they bring their SHIBA INU community into the NFT market. SHIBA INU has also created a campaign using Amazon Smile in order to collect donations to escue real, live Shiba Inu dogs with the Shiba Inu Rescue Association.

After initially being only one meme coin of many, Shiba Inu skyrocketed to popularity after Vitalik Buterin famously burned his share of the SHIB supply. Ryoshi had given Buterin 50% of the SHIB supply, announcing that "as long as Vitalik doesn't rug us," Shiba Inu would be fine.

However, Buterin decided to burn 90% of his share, which later would have been worth billions thanks to the soaring value of SHIB. The remaining 10% were sent to a charity, as were about 50 trillion SHIB more that Vitalik had donated to a COVID-19 relief fund. He stated that he did not want "to be a locus of power" and thus gave the tokens away. This resulted in a temporary loss of value for SHIB, which the token later recovered from after the community agreed on an arrangement with the charity in question.

Ryoshi's goal for Shiba Inu has been to see if a perpetual decentralized organization could work with no central leadership. In a blog post, Royshi noted that the rift caused by Buterin's token donation made the community stronger and would enable it to distribute further and decentralize the movement. His vision for the core ecosystem is to perform its utility while the Shiba Inu-own stablecoin becomes the globalized exchange of value.

In October 2021, SHIB surged on the news of a possible Robinhood listing and briefly flipped Dogecoin to become the most-valued meme coin by market capitalization. Thus far, Robinhood has not listed SHIB, despite a petition with over 500,000 signatures calling for it. Robinhood executive Christine Brown has lauded the efforts of the Shiba Inu community, saying that one of her favorite things was seeing it engage with the community to make its wishes heard. However, Robinhood would prioritize safety over the "short-term gain" of a new token listing and has left Shiba Inu fans waiting since.

The October 2021 price surge famously minted a billionaire, as one wallet was uncovered that had bought $8,000 worth of SHIB in summer 2020, which was worth over $5.7 billion at SHIB's all-time high valuation. The wallet owner has not been determined, although the person appears to have sent parts of their fortune to other wallets several weeks after the price explosion.

The price surge also led to increased adoption across token holders. WhaleStats compiled data of the largest ETH wallets and found that SHIB represents over 20% of the combined market shares of all ERC-20 tokens held by Ethereum whales. CRO was a distant second with only 5%. SHIB also surpassed the one-million holder mark following its all-time high.

Moreover, retailers increasingly started adopting SHIB as a means of payment following its popularity among small-time investors. American electronics retailer Newegg added SHIB at the start of December 2021, partnering with crypto payments platform BitPay to unlock payments in SHIB. This followed the adoption of SHIB by over 500 merchants, according to payments firm CoinGate, with even Samsung-backed digital wallet provider ZenGo adding SHIB to its options and a restaurant in Paris accepting it as a payment option. At one point, the Shiba Inu community called for McDonald's to accept Shiba Inu, although the social media effort eventually fell short.

A major reason for the surging price of SHIB was a continued effort by the SHIB community to build a utility for the Shiba Inu token and the subsequent emergence of an entire Shiba Inu ecosystem.

ShibaSwap is the coin's designated DEX that started as a fork of Sushiswap that has, in the words of Ryoshi, its "own little twists and elements." Furthermore, Shiba Inu also plans to develop SHI, which will be the "global exchange of value for plebs," an algorithmic stablecoin pegged to one cent instead of one dollar as most other stablecoins. Its launch is planned after the Shiba layer-two solution called Shibarium, and Ryoshi envisions SHI to work in a similar way to DAI. That way, SHI would have collateral as a backstop that would push it back to one cent if the peg was lost.

According to Ryoshi, the end goal is that SHI becomes a global stable currency "that plebs across all countries are able to use as both a store of value and method of payment."

In addition to SHI, a financial ecosystem is planned, and SHI would be added as a weighted pool pair on Curve. In that case, Ryoshi expects forks of the major DeFi protocols to appear in the Shiba Inu ecosystem, which would require an immutable bridge to function.

Shiba would also start hosting localized meetups and a once-a-year ShibaCon convention that would be hosted at an easily accessible location in a country without oppressive visa restrictions "for the sake of inclusiveness for global plebs."

One immediate change Shiba Inu has implemented is increasing token burns, which have sparked renewed interest in the token at the beginning of 2022. Bigger Entertainment, a crypto record label selling merch, NFTs and concert tickets, organized a SHIB burn party that burned over 239 million SHIB over Christmas. In total, the team has burned almost one billion SHIB since the end of October.

SHIB: The Metaverse and Shibarium
While looking to expand the utility of SHIB, the development team introduced a metaverse — a virtual reality project powered by non-fungible tokens (NFTs). Here, users can mint parcels of digital lands using ETH or its equivalent amount in SHIB tokens. Interestingly, other Shiba Inu-related tokens – BONE and LEASH – will also play various roles as different phases of the metaverse come to life.

According to the team, the goal is to create a fun, immersive and interactive environment where users can explore, earn passive income and collect in-game resources. Importantly, the metaverse will allow users to develop and launch their own projects. In total, there are 100,595 plots of land on SHIB: The Metaverse. Of the total, 36,431 digital lands were unlocked on April 13, 2022 – the launch date of the introductory phase of the metaverse.

Like most existing metaverses, the parcels of lands found on SHIB: The Metaverse are categorized based on the desirability of their locations. Naturally, lands in strategic areas are valued higher than the rest. The four tiers of lands on Shiba's metaverse are as follows:

Tier 4: Silver Fur: 17,030 Lands
Tier 3: Gold Tail: 7,356 Lands
Tier 2: Platinum Paw: 5,714 Lands
Tier 1: Diamond Teeth: 2,024 Lands
Below were the launch prices of the tiers listed above:

0.2 $ETH for (Tier 4) Silver Fur
0.3 $ETH for (Tier 3) Gold Tail
0.5 $ETH for (Tier 2) Platinum Paw
1 $ETH for (Tier 1) Diamond Teeth
Originally, the plan was to allow the use of ETH alone to mint unlocked lands. However, the team later decided to add the SHIB token as a minting currency, thereby expanding the utility of the token.

Although users have begun to purchase SHIB lands, the SHIB metaverse will not officially launch until Shibarium, an upcoming layer 2 scaling network that will eventually house the entire Shiba ecosystem, is deployed. The plan is to have a layer 2 ecosystem built on top of Ethereum's layer 1 network to meet the computational and memory demands for running the fast-expanding Shiba ecosystem. Apart from hosting the SHIB metaverse on Shibarium, the team is also looking to deploy a stablecoin, called SHI, on the layer 2 solution.

Another notable development that coincided with the introduction of SHIB: The Metaverse was the launch of a new website where future developments and expansions, including the launch of the metaverse, will take place.

Related Pages:
Learn more about Dogecoin.

Learn more about Dogelon Mars.

Learn more about the dog-related meme-coin craze.

Learn more about trading with our definition of a dead cat bounce.

Curious about the crypto space? Read our educational section — Alexandria.

Want to keep track of Shiba Inu prices live? Download the CoinMarketCap mobile app!

Want to convert the Shiba Inu price today to your desired fiat currency? Check out CoinMarketCap exchange rate calculator.

How Many SHIBA INU (SHIB) Coins Are There in Circulation?
The SHIBA INU website notes that they locked 50% of the total token supply on Uniswap, and "threw away the keys!" The remaining 50% was "burned to Vitalik Buterin." In response to the "gift" from the Shiba Inu team, Vitalik Buterin sent 50 trillion SHIB tokens, worth $1 billion in Shiba Inu price at that time, to India's Covid Crypto Relief Fund. Buterin then burned 40% of the total supply to a dead wallet.

There are several other tokens described on the SHIBA INU website — LEASH, which has "been unleashed and will not rebase," and BONE, the "Dogecoin Killer." LEASH has a fixed supply of only 107,646 tokens, and offers enticing rewards to liquidity providers, while BONE has 250,000,000 tokens, and is a governance token that allows holders to vote on the Shiba Inu's Doggy decentralized autonomous organization (DAO).

The WoofPaper notes that you will use SHIB to DIG for BONES or ShibaSwap, or even BURY your tokens. "Trainers" can teach their Shibas to SWAP tokens as well — all of these actions create "Returns" that are put into the Puppy Pools, where the #SHIBARMY has the option of BURYING or DIGGING for BONES.

At the beginning of May 2021, dog-themed meme tokens like Shiba Inu saw transaction volumes in the hundreds of millions of dollars. Shiba Inu price hit an all-time high (ATH) of 0.00005 on May 10, 2021, before going on a downtrend since.

As mentioned above, on May 13, Vitalik Buterin (who was given half of the token supply by the developers) announced that he was donating a large amount of these tokens to a fund helping India with COVID relief. The SHIBA developers had not anticipated Buterin selling his tokens, but eventually, the two parties came to a mutually satisfying agreement. Later, the fund actually lamented having sold its tokens too early, as its share would have been worth well over $1 billion at the token's all-time high.

Despite rumors alleging the contrary, Elon Musk does not own any SHIB. He confirmed as much in a tweet, which caused a temporary price drop.

How Is the SHIBA INU Network Secured?
According to 22-page-long SHIB's WoofPaper, SHIB is an ERC-20 token based on Ethereum, a proof-of-work blockchain currently transitioning to proof-of-stake.

Ryoshi announced in his final blog post to date that Shiba Inu would develop its own layer-two solution that would be more decentralized than Polygon or BSC, both of which Ryoshi regards as not truly decentralized. The Shiba L2 would be called "Shibarium" and is supposed to use BONE as its primary pair token, as written above.

According to Ryoshi, Shibarium would be built by a "very competent blockchain team" with experience building such solutions. Developer Eric M has announced in the Shiba Inu Discord server that Shibarium would launch "soon," although he did not specify a date.

Where Can You Buy SHIBA INU (SHIB)?
It is possible to buy Shiba Inu on Binance, Huobi, Coinbase, Gate.io, Uniswap (V2) and OKEx, among other exchanges.

To check Shiba Inu price live in the fiat currency of your choice, you can use CoinMarketCap's converter feature directly on the Shiba Inu currency page. Alternatively, use the dedicated exchange rate converter page. Popular Shiba Inu price pairs include: SHIB/USD, SHIB/GBP, SHIB/AUD and SHIB/EUR.

For more information about how to buy crypto with fiat, check out CoinMarketCap's education portal — Alexandria.

Our most recent articles about Shiba Inu:

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Inu (SHIB) Set To Launch WAGMI Temple
Shiba Inu (SHIB) has announced that its new WAGMI Temple will debut at the upcoming SXSW festival. As per Shiba Inu (SHIB), WAGMI Temple will be a hub for wealth and wellness within the Shib Metaverse. Interestingly, Shiba Inu’s (SHIB) WAGMI stands for “We’re All Gonna Make It.” The announcement has renewed the sense of optimism in the Shiba Inu (SHIB) community. The upcoming launch of Shiba Inu’s (SHIB) Shibarium has also created hype around this meme coin. However, Shiba Inu (SHIB) has been falling on the price chart. The price of Shiba Inu (SHIB) has fallen 9% in the last week. As a result, Shiba Inu (SHIB) currently trades at $0.000012, which is 63.32% below its peak of $0.000032.

SHIB The Metaverse’s “WAGMI Temple” preview is initiated at SXSW 2023 on March 11-12.
At press time, SHIB traded at $0.000011, after a 1.72% decline in the last 24h.
Shiba Inu ecosystem continues to sustain its trending spot in the crypto sector. The memecoin’s fandom, ShibArmy, is locked with the anticipation of significant upgrades – SHIB The Metaverse’s preview, and Shibarium beta launch date’s reveal through its sequential blog release.

Currently, SHIB: The Metaverse’s premier at the VR/AR exhibition at the renowned SXSW 2023 conference holds the major anticipation of enthusiasts. During the exhibition on March 12, SHIB’s metaverse team will assist users to experience the Metaverse’s Zen-like virtual realms, called the WAGMI Temple’s HUBs.

While exploring the WAGMI Temple HUBs in the Metaverse, the team will highlight the chronological history of the Shiba Inu (SHIB) token. Along with this, users will be crucially tutored on digital wallet connection and purchasing metaverse land.

On February 26, the team officially released a blog with the Shibarium intake form. As reported by its co-founder Shytoshi via tweet, numerous projects submitted requests to build on the L2 blockchain Shibarium. Till now, the team has not confirmed the beta launch date.

Effects of Anticipation on Shiba Inu’s Price

Notably, the so-called Doge killer‘s expansion is expected to surge better in March when compared to February. According to statistics on SHIB’s price, the memecoin registered its 90-day-high of nearly $0.00001562 in the first week of February. Comparatively, it witnessed a 29.5% price drop since then. At press time, as per CoinMarketCap data, SHIB trades at $0.000011.

SHIB Price Chart – MA, RSI & ADX (Source: TradingView)

As per the above chart, since the moving average (MA) of Shiba Inu lies above the ongoing price movement, SHIB’s trend is confirmed as bullish. Markedly, its memecoin’s average directional index (ADX) is at 20.27. Therefore, it interprets that the current bearish trend of SHIB is weak. Also, the relative strength index (RSI) of SHIB is at the level of 35.79, indicating the asset’s oversold conditions.

Moreover, the SHIB ecosystem’s gas token, BONE, recorded prominent exchange listings – Bitget, Crypto.com, and Gate.io – in February.

It is also important to note that Shiba Inu is currently the 15th-largest digital asset on the market in terms of its market capitalization, which at the time of publication amounted to a whopping $6.06 billion, according to the latest CoinMarketCap information.

Could Shiba Inu make you a millionaire?
Although the numbers for Shiba Inu may look minuscule, SHIB has the potential to increase its price in the future and even make a careful investor a millionaire, although it is still a long way before reaching the likes of Bitcoin (BTC) and Ethereum (ETH) in value per unit.

By comparison, in September 2021, 1 million Shiba Inu coins could’ve been purchased for just $7, demonstrating this steady increase in price over time. Ultimately, it all boils down to carefully observing the market conditions, how much money one is willing to invest in it, as well as how much the token is worth at the time of selling.

Meanwhile, the SHIB team has been hard at work developing the highly anticipated Layer 2 network called Shibarium, and its main developer Shytoshi Kusama recently informed the public via Twitter bio that ShibaSwap was the only official decentralized exchange for the Shiba Inu and Shibarium ecosystem.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Vitalik Buterin, the co-founder of Ethereum, has once again caused a stir on the cryptocurrency market, with his recent selling spree. This time, he has sold numerous tokens, including 500 trillion SHIKAKU (SHIK) tokens that he most likely received previously from developers. Unfortunately, the sale had an immediate impact on the price of SHIK, which plummeted due to the lack of liquidity on the market. The sudden increase in selling pressure has led to concerns among investors, as it suggests that the market correction could be imminent. vitalik.eth (@VitalikButerin) is selling his free shitcoins. Currently sold 50B $MOPS for 1.25 $ETH($2K), sold 10B $CULT for 58 $ETH($91K), sold 500T $SHIK for 380 $ETH($600K).https://t.co/SboWZsO8WY pic.twitter.com/xNaRTeVM7K — Lookonchain (@lookonchain) March 7, 2023 While it is not clear why Vitalik decided to sell almost all of his smaller holdings, the move has been interpreted as a bearish sign for the market. The selling spree comes at a time when the cryptocurrency market is already experiencing a significant correction, with prices of major coins like Bitcoin and Ethereum dropping by double-digit percentages in recent weeks. It is worth noting that Vitalik has sold tokens in the past, and his actions have often been scrutinized by market analysts. However, the recent selling spree is particularly noteworthy, as it suggests that the co-founder of Ethereum may be losing confidence in the market's short-term prospects. Related Ripple’s Legal Battle with SEC Continues with Latest Ruling from Judge Despite the negative sentiment, some investors remain optimistic about the long-term outlook for the cryptocurrency market. They point to the increasing adoption of blockchain technology by major corporations and the growing interest in decentralized finance (DeFi) as evidence of the market's potential. Among other assets sold by Buterin are small altcoins like MOPS and CULT, which have experienced the same drastic price drop as SHIK. Ethereum, though, holds its ground without any issues. #Ethereum About the author Arman Shirinyan Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience. Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.

#justshoplife #zzan #cybern #krsuccess #dailylife #color #raazdsaxena #shibarmy