Rank: 14
About Shiba Inu
Do you want to know everything about the Shiba Inu cryptocurrency? Here, we’ll provide you with all of the latest information on SHIB price, market cap, charts, and news. We’ll also give you a brief overview of what this meme coin is and how it works. So whether you’re a seasoned investor or just getting started in the world of cryptocurrencies, this page has everything you need to know!
What is SHIB?
Shiba Inu is a decentralized cryptocurrency that was created on the Ethereum blockchain. The project was launched in August 2020 by an anonymous developer called Ryoshi and has since become one of the most popular altcoins in the market. The native token of the Shiba Inu network is $SHIB.
SHIB tokens are “ERC-20 compliant” which means that they can be stored in any Ethereum wallet. The total supply of SHIB is infinite and there is no Hard Cap on the total amount that can be minted.
Its aim is to become the “Dogecoin killer”. Dogecoin is a popular cryptocurrency that was created as a joke but has since gained a large following. Shiba Inu crypto currency wants to provide a more serious alternative to Dogecoin.
What is Shiba Inu Ecosystem, and SwibaSwap?
It’s worth noting that its entire ecosystem consists of three tokens- SHIB, LEASH, and BONE.
With Shiba Swap, users can earn rewards by staking tokens. At this decentralized exchange( DeFi) , those who stake their tokens receive xSHIB; for staking LEASH – xLEASH, and for BONE – tBone.
How does Shiba Inu work?
This coin works in a similar way to other cryptocurrencies like Bitcoin or Ethereum. When you make a transaction, your SHIB coins are sent to the recipient’s wallet address. The transaction is then recorded on the blockchain, which is a public ledger of all SHIB transactions. One of the main differences between ShibaInu and other cryptocurrencies is that it uses the Ethereum blockchain instead of its own blockchain. This means this coin is actually an ERC-20 token, which is a type of cryptocurrency that runs on the Ethereum network. This also makes it easier to store and manage your SHIB coins, as you can use any Ethereum wallet to do so.
it’s currently listed on any major exchanges, like Binance or CoinBase. The current SHIB market cap is $ 6,463,619,518 and the circulating supply is 559T SHIB coins.
Shiba Inu & RobinHood
Shiba Inu was listed on Robinhood trading platform on 12th April 2022, and the price climbed by more than 35% to 0.00003. it was a “ShibArmy” community goal for a long time.
Its price will likely increase in the future as more people become aware of this new cryptocurrency and start to invest in it.
FAQ
Who created Shiba Inu?
In August 2020, an anonymous person named Ryoshi created this coin without revealing their identity. It could be a group of people, not just a single individual.
Where can I buy them?
You can purchase Shiba Inu tokens on a variety of popular cryptocurrency exchanges, such as Binance, Coinbase, Huobi, and OKEx. You can also buy SHIB through a decentralized exchange (DEX), such as Uniswap, Sushiswap, or ShibaSwap.
What is the Shiba Inu price today?
The current price is $ 0.000011
Can $SHIB reach $1?
While there is no definite answer, it is certainly possible for Shiba Inu to reach $1 per token. Considering the current market conditions and the potential growth of the project, it is quite possible that the price could easily reasoned to surpass $1 per Shib in roughly 3-5 years. The stipend would continue to stoke demand for the limited supply of this token while also providing a real use case for the token beyond mere speculation.
We have seen in other markets and cryptocurrencies that when usage creates demand which then chases a limited supply, prices can reach very high levels.
Can I buy Shiba on Robinhood?
You can certainly buy it on Robinhood! In fact, Robinhood is a great platform for buying and trading all sorts of assets, including stocks, options, and crypto-assets like this token.
What is the Shiba Inu market cap?
The current SHIB market cap is $ 6,463,619,518
