Shiba Inu Price

Track Shiba Inu Price Today, Live SHIB Price Chart & Market Cap

Shiba Inu is ranked as the #1 penny crypto under 1 cent. Read more ?

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Shiba Inu Price Live Data

24H Range
$?0.00001336
24H Range
$?0.00001374
52W Range
$?0.0?6713
52W Range
$?0.00004501
ATH & ATL Range
$?0.0??5637
ATH & ATL
$?0.00008819
Shiba Inu Price$?0.00001351
Market Cap$?7.96B
Diluted Market Cap $?7.97B
24H Volume$?138.20M
Vol. / M. Cap Ratio 0.0174
Dominance 0.39%
ATH $?0.00008819 (-85%)
ATH Date Oct 28, 2021
ATL $?0.0??5637
ATL Date Nov 28, 2020
Cycle Low $?0.0?5821
Cycle High $?0.00004501
Circ. Supply 589.27T (100%)
Total Supply 589.52T
Max Supply 589.74T
Supply Inflation -0.01% (Low)
Volatility 4.44% (Medium)
PlatformETH
Release Date Aug 10, 2020
Fear & Greed Index 33 (Fear)
Sentiment Bearish
Show more ↓

Shiba Inu price today is $?0.00001351 with a 24-hour trading volume of $?138.20M, market cap of $?7.96B, and market dominance of 0.39%. The SHIB price decreased -0.63% in the last 24 hours.

Shiba Inu reached its highest price on Oct 28, 2021 when it was trading at its all-time high of $?0.00008819, while Shiba Inu's lowest price was recorded on Nov 28, 2020 when it was trading at its all-time low of $?0.0??5637. The lowest price since it's ATH was $?0.0?5821 (cycle low). The highest SHIB price since the last cycle low was $?0.00004501 (cycle high). The Shiba Inu price prediction sentiment is currently bearish, while Fear & Greed Index is showing 33 (Fear).

Shiba Inu's current circulating supply is 589.27T SHIB out of max supply of 589.74T SHIB. The current yearly supply inflation rate is -0.01% meaning -77.20B SHIB were created in the last year. In terms of market cap, Shiba Inu is currently ranked #3 in the Ethereum (ERC20) Tokens sector and ranked #2 in the Meme Coins sector.

Highlights

  • Price has increased by 91% in the last 1 year
  • Outperformed 59% of the in 1 year
  • Trading on KuCoin
  • Yearly inflation rate is

Risk Analysis

  • Outperformed by
  • Trading below the
  • Only in the last 30 days (47%)
  • Down -85% from all-time high
  • Has liquidity based on its market cap
See All Risk Checks

Shiba Inu Performance

Change1H24H7D1M3M6MYTD1Y3Y5YALL
Shiba InuUS Dollar SHIB/USD 0.54%-0.63%1.77%-2.51%-41.23%-57.81%28.93%91.08%95.42%--905.29K%
Shiba InuBitcoin SHIB/BTC -0.35%-1.83%2.76%2.51%-28.52%-47.79%-4.08%-15.94%55.94%--147.98K%
Shiba InuEthereum SHIB/ETH -0.48%-1.32%5.45%8.29%-9.45%-30.81%26.56%26.72%175.33%--89.12K%
Shiba InuTether SHIB/USDT 0.54%-0.63%1.77%-2.51%-41.23%-57.81%28.93%91.08%95.42%--905.29K%

Shiba Inu price in US Dollar has decreased by -2.51% in the last 1 month. SHIB is up 8.29% against Ethereum and up 2.51% against Bitcoin in the last 1 month.

Shiba Inu Quarterly Returns

YearQ1Q2Q3Q4Total
2020-----91.18%-41.26%-94.82%
202179.32K%14.28K%-18.43%364.12%43.22M%
2022-22.59%-60.03%9.51%-25.43%-74.73%
202328.56%-30.10%-2.94%40.45%22.51%
2024196.87%-43.80%------
Average 19.88K%2,828%-25.76%84.47%10.81M%

The top-performing year for Shiba Inu was 2021 when the price of SHIB increased by 43,223,296.55% from $?0.0??7730 to $?0.00003341. The worst performing year for Shiba Inu was 2020 when the price dropped by -94.82% from $?0.0?1492 to $?0.0??7730. The average yearly growth of Shiba Inu over the last 5 years is 10,805,787.38% per year. Usually, Shiba Inu performs best in Q1 with an average of 19,881.70% gain and worst in Q3 with -25.76% loss.

Shiba Inu Price Closing History by Level

PriceDays Above% of Shiba Inu's Life
$?0.00008819 ATH--
$?0.00001351 Price Now41927.08%
$?0.001547100.00%
$?0.001547100.00%
$?0.001547100.00%
$?0.001547100.00%
$?0.001547100.00%
$?0.001547100.00%
$?0.001547100.00%
$?0.001547100.00%
$?0.001547100.00%
$?0.001547100.00%

The table above shows the number of days which Shiba Inu closed above a certain price level.

Shiba Inu Price & ROI on this Date

DatePriceROI
Sep 10, 2024 Today$?0.00001351-
Sep 10, 2023$?0.0?759877.80%
Sep 10, 2022$?0.000012934.44%
Sep 10, 2021$?0.0?731984.58%
Sep 10, 2020$?0.0?103513,053,617.99%

The table above shows the price and ROI of Shiba Inu today and previous years on the same date (Sep 10).

SHIB Exchanges

Shiba Inu is being traded on 96 cryptocurrency exchanges, including Binance and KuCoin. $?138.20M worth of Shiba Inu changed hands in the last 24 hours. If you wish to purchase SHIB, check our guide on how to buy Shiba Inu in 6 steps.

ExchangePrice Volume Action
Binance$?0.00001350$?21.23M$?0.00001350$?21.23M Trade Now
KuCoin$?0.00001350$?3.06M$?0.00001350$?3.06M Trade Now
Kraken$?0.00001348$?329,495$?0.00001348$?329,495 Trade Now
Bybit$?0.00001350$?5.18M$?0.00001350$?5.18M Trade Now
OKX$?0.00001350$?5.26M$?0.00001350$?5.26M Trade Now
gate.io$?0.00001350$?1.10M$?0.00001350$?1.10M Trade Now
MEXC$?0.00001350$?202,567$?0.00001350$?202,567 Trade Now
UPbit$?0.00001358$?14.85M$?0.00001358$?14.85M Trade Now
Coinbase$?0.00001348$?8.01M$?0.00001348$?8.01M Trade Now
AscendEX$?0.00001350$?2.22M$?0.00001350$?2.22M Trade Now

About Shiba Inu

Shiba Inu is a decentralized cryptocurrency launched in August 2020 by an anonymous individual or group known as “Ryoshi”. Initially inspired by Dogecoin (DOGE), the Shiba Inu platform has since evolved past its memecoin beginnings and now allows users to stake, swap, and deposit digital assets into liquidity pools on the platform’s native ShibaSwap decentralized exchange. In addition to DeFi functionality, the Shiba Inu team is also working on its own metaverse offering and recently released a non-fungible token (NFT) collection consisting of 10,000 unique digital creations called Shiboshis.

The creators of SHIB locked half of the token’s supply–500 trillion tokens to be exact–to Uniswap. The remaining half was sent to Ethereum co-founder Vitalik Buterin as an (unsolicited) gift. The lead developer of Ethereum ended up burning 90% of SHIB he received and donated the remaining 10% to charity.

The Shiba Inu blockchain ecosystem is powered by the primary token called SHIB, also known as the Shiba Inu coin, which is an Ethereum-based ERC-20 token. In addition to the trading incentive-bearing SHIB token, the Shiba Inu ecosystem consists of two more digital assets. Bone ShibaSwap (BONE) allows owners to participate in the decision-making process thanks to its governance capabilities, while Doge Killer (LEASH) acts as the network’s store of value due to its artificially capped token supply.

Here’s a quick overview of key facts about Shiba Inu and its core blockchain features:

  • Shiba Inu launched as a memecoin inspired by Dogecoin in 2020 but quickly expanded its use cases beyond simple token transfer functionality
  • The Shiba Inu ecosystem consists of the native ShibaSwap DEX platform, SHIB Burning Portal, as well as NFT and metaverse offerings
  • The platform is powered by a trio of Ethereum-based tokens, namely SHIB, LEASH, and BONE
  • The Shiba Inu community, known as “SHIBARMY”, can participate in the decision making process with BONE governance tokens via Doggy DAO
  • The SHIB token far outperformed other digital currencies in 2021, having recorded a 42,000x price increase throughout the year

What is Shiba Inu and how does it work?

Shiba Inu is a decentralized blockchain ecosystem powered by a trio of native tokens - namely SHIB, BONE, and LEASH. The cryptocurrency project is named after a Japanese breed of dog called the Shiba Inu, which is the hunting dog breed depicted in Dogecoin’s logo symbol.

SHIB started off as the community-led decentralized equivalent to the popular memecoin Dogecoin, but quickly evolved into a more well-rounded cryptocurrency platform. In the few short years since its founding, the platform expanded to include ShibaSwap (a native DEX product), Shiba Inu Incubator (a digital get together for digital artists looking to share their artwork with the community), and Shiboshis (an NFT collection of 10,000 unique digital items with various utility properties).

Shiba Inu runs on Ethereum, which means that it uses the Proof-of-Work mechanism of its parent blockchain platform. Ethereum’s smart contract functionality allows Shiba Inu users to provide liquidity with the networks’ trio of tokens and earn interest on their deposits.

In addition to DEX and NFTs, the Shiba Inu ecosystem features the Shib Burning Portal as well, which lets users burn their tokens in exchange for cryptocurrency rewards. The token burning portal plays an important role in managing the supply and demand dynamics by putting deflationary pressure on the value of SHIB coins.

Creation of Shiba Inu

The Shiba Inu cryptocurrency project was conceived with a simple premise in mind - how to not only decentralize cryptocurrency itself but its community as well. “We are an experiment in decentralized spontaneous community building,” wrote the project’s anonymous founder Ryoshi in the white paper.

The creation of Shiba Inu is shrouded in mystery. There is no public information available about the project’s founder Ryoshi, which is in a way similar to the pseudonymous identity of Bitcoin founder Satoshi Nakamoto.

Shiba Inu started with a supply of 1 quadrillion in 2020. Upon its inception, half of all SHIB tokens to ever exist was liquidity locked to decentralized exchange Uniswap, while the other half was sent, or better said “burned,” to Ethereum co-founder Vitalik Buterin. 

In addition to its blockchain properties and various DeFi-oriented use cases, Shiba Inu is arguably the best known for its active community, referred to as the “SHIBARMY.” The official Twitter channel of the Shiba Inu token was established in early 2021 and quickly amassed millions of devout followers.

Shiba Inu Price History

Shiba Inu coins first entered circulation in 2020 through a decentralized exchange offering on Uniswap at an initial Shib price of $0.0000000015. According to the Shiba Inu’s price history charts, the price of the Shiba token experienced its first notable rally in May 2021, topping at $0.000038 per Shiba Inu coin.

Another significant rally in the Shiba coin price came in October 2021, when the Shiba Inu coin price reached as high as ?$0.000088. Due to the massive Shiba token price increase, Shiba Inu easily outperformed all other digital currencies in 2021, having recorded a nearly 42,000x price increase during the span of the year.

The popularity of Shiba Inu led to listings on most major cryptocurrency exchanges, which means that SHIB can now be bought on Binance, Kucoin, Kraken, and virtually all of the most prominent digital asset trading platforms.

Here is what the historical SHIB price data tells us about key milestones in the token’s price history:

  • $0.00000005 - Our earliest SHIB historical data shows Shiba Inu coins changed hands at $0.00000005 in Jun 2020
  • $0.00000030 - By early Feb 2021, the price of Shiba Inu coin reached $0.00000030
  • $0.00000100 - In the span of roughly a month, Shiba Inu coin’s price tripled to $0.00000100 in March 2021
  • $0.00003000 - Broader crypto bull run pushed SHIB’s price to $0.00003000 in May 2021
  • $0.00008000 - The price SHIB surpassed $0.00008000 in October 2021

With a monumental price increase after its launch, many investors have been looking at the possibility of Shiba Inu token reaching new milestones in the future. While Shiba Inu reaching $1 is all but impossible, lower milestones like $0.001 or even $0.01 remain within the realms of possibility.

For a glimpse into potential future SHIB price movements in addition to the Shiba Inu coin live price, you can follow our algorithmically generated Shiba Inu price predictions that take into account SHIB’s current price and a number of market indicators, including Fear & Greed Index, market sentiment, overall volatility, and more. You can also check the up-to-date market rate of 1 SHIB to USD via our handy crypto-to-fiat and crypto-to-crypto conversion feature.

Shiba Inu Tokens - SHIB, LEASH, and BONE

Shiba Inu crypto token has a capped supply of one quadrillion tokens. Since its launch in 2020, the token’s circulating supply had nearly halved, primarily due to Buterin’s burning of the 500 trillion gifted SHIB tokens he received when the token launched.

In addition to SHIB, the Shiba Inu ecosystem consists of two more tokens, each with various use cases and tokenomics. Here’s a quick overview of the three tokens:

  • Shiba Inu (SHIB): An ERC-20-based digital currency launched in 2020 with a total supply of 1 quadrillion tokens. Used as the primary incentive token for the Shiba Inu’s suite of DeFi services and allows users to earn staking rewards.
  • Doge Killer (LEASH): Initially designed as a rebase token tied to the value of Dogecoin, a functionality that was later removed. LEASH is used as an incentive mechanism for users participating in the platform’s liquidity-providing pools.
  • Bone ShibaSwap (BONE): Governance token with a total supply of 250 million coins that allows the Shiba Inu community to vote on protocol proposals.

Shiba Inu Market Cap

Shiba Inu experienced a sharp price increase shortly after entering circulation in 2020. With a circulating supply of more than 500 trillion tokens, the Shiba Inu market capitalization reached a multi-billion dollar valuation less than a year after its launch.

Here’s what the SHIB historical price charts tell us about the most notable Shiba Inu market cap milestones:

  • $1 million - Shiba Inu surpassed a $1 million market cap for the first time in March 2021
  • $100 million - The Shiba Inu coin market cap surpassed the $100 million milestone in April 2021
  • $1 billion - Shiba Inu reached unicorn status and surpassed the $1 billion market cap milestone in May 2021
  • $10 billion - SHIB market cap reached a $10 billion valuation just two weeks after exceeding $1 billion in May 2021
  • $30 billion - ETH market cap reached a $30 billion valuation in October 2021

The most important Shiba Inu milestones

Since its launch in 2020, the Shiba Inu team has managed to achieve several notable milestones. Here is a list of important dates and events that have shaped the Shiba Inu ecosystem and helped elevate the project past its memecoin origins:

  • August 2020 - Shiba Inu launches with half of the total supply liquidity locked on Uniswap and the other half “burned” to Ethereum founder Vitalik Buterin
  • May 2021 - Binance, the world’s largest crypto exchange, lists SHIB trading pairs
  • July 2021 - ShibaSwap decentralized exchange goes live
  • September 2021 - Several crypto exchanges, including Coinbase, roll out SHIB trading pairs
  • October 2021 - The Shiboshis NFT collection sells out in just over 35 minutes
  • January 2022 - Decentralized autonomous organization Doggy DAO launches and gives Shiba Inu community to vote on protocol proposals
  • April 2022 - The launch of the SHIB Burning Portal and the auction of the metaverse real-estate

Shiba Inu Governance - Doggy DAO

The developers of the Shiba Inu coin launched a decentralized autonomous organization (DAO) called Doggy DAO at the start of 2022. The DAO allows the Shiba Inu community to vote on protocol proposals with their BONE tokens to steer the development of the Ethereum-built blockchain ecosystem. 

Doggy DAO users can vote on proposals involving the launch of new features and the listing of new trading pairs on the ShibaSwap platform. The Shiba Inu team has put safeguards in place to protect smaller SHIB holders from having their opinions stifled by whales.

FAQ

What is SHIBA INU?

The project was created in the wake of major popularity which Dogecoin has drawn to itself. SHINA Inu coins have been designed in such a way to be the rival token of the abovementioned crypto. The project’s website mentioned that users are able to hold over a trillion of its native tokens with ease. We have had the opportunity to follow everything that happened with the Dogecoin and how it gained popularity in such a short period of time, well this project was seemingly created to steal its glory. The project also has its native ShibaSwap decentralized exchange which has SHIBA tokens listed on it and offers incentives based on the tokens as well. A large number of these tokens were given as a donation to help India fight the spread of the Covid-19 virus in the Country, but that is not all as the tokens are used to help out the Shiba Inu Rescue Association with the help of Amazon Smile.

How does SHIBA INU work?

There are three main parts of the SHIBA INU Ecosystem, and they include the network’s DEX, the rescue feature which allows the users to help out endangered real life Shiba Inu dogs, and an Art feature called the Artist Incubator. The last feature offers artists around the world an opportunity to apply and win the chance to learn from the artists of the Shiba community. This way the network can find new promising talent to add to its community and also test their knowledge before making any major decision. The tokens itself allow the holders an opportunity to hold value in a new crypto currency which has drawn a lot of attention to itself in the last couple of months. The SHIB oken is the original utility coin of the project and it has legitimate utility in the project and it is incentivized on the network’s DEX. LEASH tokens, also provide similar incentives and interesting rewards on the said DEX to the users who add to its liquidity. Lastly, the BONE tokens are the ones with governance utility within the project which allows the holders to voice their opinion about potential changes to the network.

How to use SHIBA INU?

To reach the features of the project, you must reach their website first. There, in the  upper right corner you will find the tab which will lead you to ShibaSwap DEX. Once you reach it, you will need to connect your wallet to the platform and utilize the features it offers. You can provide liquidity to the network and earn BONE tokens as a reward. You can earn more of these tokens by migrating some of the supported tokens for up to two weeks through the platform. The DEX also allows you to stake your tokens and earn returns easily, you will just need to choose the amount you are willing to stake. Lastly, you can use the swap feature of the platform to easily swap supported crypto pairs, know that the native tokens of the project are listed on the DEX, so this might be the best place to purchase them from. If you decide to join the network’s community and learn from the network’s artist, you can apply for the Artist Incubator pageant whenever it is available. To help the Shiba Inu Rescue Association you will need to type in their code when shopping online on Amazon, and a percentage will go to the charity itself.

What makes SHIBA INU different?

There are many things done by the project’s team which are out of the ordinary. The supply of their tokens is 1 quadrillion with 50% of them locked on Uniswap. From there the other half was burned by the co-founder of Ethereum to make sure it is kept safe. The token has since been used to help out India with their issues which followed Covid-19. Another thing to know is that in their quest to ensure long-term sustainability and success, the SHIBA team has burned 40 percent of the total supply of their tokens.

Why are SHIBA INU tokens valuable?

SHIB, being the network's main ERC-20 token, is used for incentives on the network’s DEX. The token also holds value the holders can take advantage of by trading them on any of the supported exchange platforms which hold them. We have mentioned that this is only one of the three network tokens, where the LEASH tokens serve a similar purpose but are a lot more scarce when it comes to their total supply. The BONE tokens are received as a reward for many services within the network and it also holds governance use, to allow the holders to voice their opinions on how the project should be run in the future.

Is SHIBA INU a good investment?

As you might have known, the token has had a great leap in value, earlier this year due to the popularity of Dogecoin and its ties with it. However, after that great leap, the value of the project is on the decline since it is hard for some experts to recognize what the value of the project is connected to moving forward. The main thing the team behind the project needs to focus on is to find new use cases for its tokens and find healthy partnerships moving forward. With all that being said, remember that the crypto world can be extremely volatile so it is no large surprise that experts are divided on the future of the platform. If you want to invest in eCash, make sure you only invest an amount you are willing to risk.

How do I get SHIB tokens?

SHIB can be obtained through several different exchange platforms. The network’s native DEX is a good place to start, but know that some of the exchange options would require you to swap another crypto token for SHIB, while others will allow you to pay with fiat currency for them. Peer-to-peer transactions would be the fastest way to purchase some SHIB tokens, as you would get them directly from one of the holders by sending an agreed amount in fiat currency to their bank account.

What is the current price of SHIB tokens?

On , the price of a SHIB token is .

How many SHIB tokens are left?

There are currently SHIB tokens on the market, with tokens available.

Are SHIBA INU transaction fees high?

You will need to hold ETH to pay for some gas fees when staking SHIB tokens. This project has led to an increase in gas fees due to the increased number of transactions on the Ethereum blockchain. This fee is not set in stone as they depend on the network’s congestion at that moment in time. The ShibaSwap exchange has trading and withdrawal fees but they are on par with some other exchange platforms. The tokens however can be traded on some supported exchanges and all of them charge trading and a withdrawal fee which varies from one exchange to another and might not be the same for each token.

Are SHIB tokens legal?

We have witnessed the rise of crypto in the last several years as they have managed to draw a bigger following. Some of these cryptos are offered as payment options in some countries and on E-commerce platforms. However, this doesn't change the way that their legal status varies from one country to another. Click here to check the legality status of cryptocurrencies by country.

Where can you store SHIB tokens?

Any appropriate software or hardware wallet will work just fine for storing your SHIB tokens, however since this is an ERC-20 token, an Ethereum based wallet might be the best option. Please keep in mind that the hardware wallets are safer, but also more expensive. The exchange on which you bought some SHIB is also considered a storage option, but some traders stay away from it since your tokens would be controlled by a third party. The most secure way is to spread your tokens out, this way if something goes wrong with one of your storing options you are not putting all of your digital assets at risk.

How do you cash out SHIB tokens?

The fastest way to cash out your SHIB tokens would be to go through the peer-to-peer transaction and avoid using a middleman. In this instance, you would sell the agreed amount of tokens to another individual and they will send an agreed amount in fiat currency to your bank account. The exchange platforms which support the token are also a place where you can cash them out, just know that some of these exchanges might not offer the option of cashing SHIB directly for fiat currency. In this case you will need to swap them for another crypto with better liquidity which can later easily be exchanged for USD, EUR or GBP.

Is SHIBA INU safe?

The SHIBA INU project, just like any other crypto protocol, has security measures in place. Since its tokens and DEX are used daily for a number of transactions, it is seen as safe enough. Do keep in mind no crypto platform or network is completely secure. You should do some research on your own on the SHIBA INU  project before making your final decision if this is something you want to get yourself into or not.

Shiba Inu News

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