SHIB Price Live Data (Shiba Inu)
Shiba Inu's current price stands at CN¥0.00008125, accompanied by a 24-hour trading volume of CN¥894,864,228. Over the past day, SHIB has experienced a decline of -1.25%. However, in the last hour, the token saw a modest increase of +0.19%. SHIB currently holds the #23 rank on CoinGecko.
Key metrics include:
- Circulating Supply: $589.25T
- Fully Diluted Market Cap: $6.68B
At the time of writing (12:03 PM), the conversion rate via CoinGecko indicates that 1 SHIB equals CN¥0.00008125.
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About Shiba Inu (SHIB)
Shiba Inu (SHIB) is a community-driven cryptocurrency built on the Ethereum blockchain. Originally created as an alternative to Dogecoin, SHIB draws inspiration from the popular "Doge" meme and features the image of a Shiba Inu dog as its logo.
Launched in 2020 by an anonymous founder known as Ryoshi, SHIB entered the market with a total supply of one quadrillion tokens. As an ERC-20 token, it forms the foundation of the broader Shiba Inu ecosystem, which includes various decentralized finance projects and dog-themed digital assets.
The Shiba Inu ecosystem comprises several key components:
- LEASH: A reward token for community participants
- BONE: A governance token that enables voting on ecosystem decisions
- ShibaSwap: A decentralized exchange for trading SHIB-related assets
- Shiboshis: A collection of non-fungible tokens (NFTs)
- Shibarium: A layer-2 blockchain solution designed to enhance scalability
- Shib: The Metaverse: A virtual world project currently in development
SHIB's current market capitalization stands at approximately CN¥47,861,062,808, with a circulating supply of $589,248,089,382,985.80.
Frequently Asked Questions
What determines Shiba Inu's price?
SHIB's price is primarily influenced by market demand, trading volume, broader cryptocurrency trends, and developments within the Shiba Inu ecosystem. Like most cryptocurrencies, it experiences volatility based on investor sentiment and market conditions.
How can I safely store my SHIB tokens?
SHIB tokens can be stored in any Ethereum-compatible wallet, including hardware wallets for enhanced security, software wallets for convenience, or through reputable exchanges that offer custodial services. Always prioritize security measures when managing your digital assets.
What is Shibarium and how does it affect SHIB?
Shibarium is a layer-2 blockchain solution designed to reduce transaction costs and improve scalability for the Shiba Inu ecosystem. Its implementation could potentially increase utility and demand for SHIB tokens by enabling more efficient operations within the network.
Can SHIB be used for transactions?
While primarily considered a speculative asset, SHIB can be used for transactions where accepted. The growing ecosystem, including ShibaSwap and future metaverse applications, may expand its utility as a medium of exchange within specific platforms and communities.
What's the difference between SHIB, LEASH, and BONE?
SHIB serves as the foundational currency, LEASH functions as a reward token with limited supply, and BONE operates as a governance token that allows holders to participate in decision-making processes for the Shiba Inu ecosystem.
Where can I learn more about managing cryptocurrency investments?
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