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Shiba Inu (SHIB)

Shiba Inu (SHIB)

The price of Shiba Inu is $0.000016343969, a -5.01% change over the last 7 days. Learn more about Shiba Inu’s price history, how it works, and how to invest.

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Updated: Jun 18, 2024
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Overview
Markets
Historical Data
Price Statistics
Shiba Inu price today
24h Change $0.000000089303
24h Low $0.000015949076
24h High $0.000016616616
Market Cap $9.63B
Trading Volume (24h) $304.07M
Market Dominance 0%
Market Rank #13
Circulating Supply 589.27T
Max Supply -

Shiba Inu markets

Spot Derivatives OTC
# Source Pairs Price +2% Depth -2% Depth Volume Updated
1
Binance Binance
SHIB/USDT $1.64 $852,819.08 $884,085.61 42,104,613 Recently
2
Coinbase Exchange Coinbase Exchange
SHIB/USD $1.63 $747,281.26 $988,661.41 29,213,732 Recently
3
KuCoin KuCoin
SHIB/USDT $1.63 $429,066.89 $418,683.34 5,745,352 Recently
4
Binance Binance
SHIB/BUSD $9.69 $119,794.58 $128,382.50 616,471 Recently
5
Binance Binance
SHIB/TRY $1.64 $121,165.82 $138,381.48 2,591,324 Recently
6
Coinbase Exchange Coinbase Exchange
SHIB/EUR $1.64 $62,617.21 $47,894.80 389,788 Recently
7
Kraken Kraken
SHIB/USD $1.64 $150,189.39 $362,137.29 476,767 Recently
8
Binance Binance
SHIB/DOGE $1.64 $83,727.56 $63,331.23 120,114 Recently
9
Binance Binance
SHIB/EUR $1.63 $33,899.89 $29,270.60 375,254 Recently
10
Bithumb Bithumb
SHIB/KRW $1.67 $232,602.65 $264,966.63 4,299,918 Recently
1
Binance Binance
SHIB/USDT $0.01633 - - 180,757,791 Recently
2
KuCoin KuCoin
SHIB/USDT $1.62 - - 4,752,428 Recently
3
Bitfinex Bitfinex
SHIB/USDT $1.64 - - 33,229 Recently
4
Kraken Kraken
SHIB/USD $7.22 - - 12 Recently
5
BitMEX BitMEX
SHIB/USDT $1.62 - - 37,162 Recently
6
BitMEX BitMEX
SHIB/USD $1.64 - - 4,186 Recently
7
OKX OKX
SHIB/USDT $1.64 - - 59,259,649 Recently
8
Gate.io Gate.io
SHIB/USDT $1.63 - - 4,910,213 Recently
9
Huobi Huobi
SHIB/USDT $7.57 - - 2,672,614 Recently
10
Bitget Bitget
SHIB/USDT $1.63 - - 36,478,672 Recently
No data found
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About Shiba Inu

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Resources

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What is the Shiba Inu price today?

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The SHIB price is currently $0.000016343969. The price of Shiba Inu is -30.38% over the last 30 days. You can use the live Shiba Inu chart to track the SHIB/USD price in real time above, or compare the Shiba Inu value today to its past performance using the Shiba Inu price history tab at the top of this page.

What is the total supply of SHIB?

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The circulating supply is 589,270,837,149,679.12 SHIB, out of a total maximum supply of 0.00 SHIB.

What is the price prediction for Shiba Inu?

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The average Shiba Inu price prediction values the coin at $0.0004 by the end of 2025. Things like the economic climate, establishment support and acceptance, and the crypto market as a whole can all impact the price.

It’s best to take predictions with a grain of salt, but you can use expert estimates to help you understand the weight of opinion about a coin. Read our latest Shiba Inu price prediction for more analysis and guidance.

What is Shiba Inu?

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Shiba Inu is a meme coin widely considered an alternative to Dogecoin and is even regarded by some as a ‘Dogecoin killer’. The cryptocurrency was launched in 2020 by an anonymous creator known as ‘Ryoshi’ and the coin ranks as one of the largest meme coins on the market.

Shiba Inu was created on and runs on the Ethereum blockchain. The project takes its name from the Shiba Inu hunting dog and even features a cartoon image of the canine as its mascot. While the crypto doesn’t solve a specific problem, it does have some uses, most notably, it draws the attention of speculators due to its highly volatile price movements.

How does Shiba Inu work?

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Shiba Inu works by storing transactions on the blockchain. The project was launched on the Ethereum network, which is a proof of stake blockchain. This means every transaction on the network is securely recorded and verified by other users known as validators. For their work, validators are rewarded with tokens.

When Shiba Inu was created, the platform released 1 quadrillion (1000 trillion) SHIB coins all at once. By flooding the market with coins, the developers ensured that the price of a Shiba Inu coin was extremely low and affordable for everyone. Over time, they are reducing the supply by ‘burning’ coins to take them out of circulation and increase the value of the remaining money.

How is the Shiba Inu network secured?

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SHIB is an ERC-20 token and the network is built on Ethereum, a proof of stake blockchain. Other uses validate all transactions on the network. These users are rewarded with tokens. To become a validator, users must hold a certain number of coins, which is designed to make the system less susceptible to foul play.

What is Shiba Inu used for?

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At present, it has no real use case. Most people use SHIB for pure speculation. Since its launch, it has been one of the most volatile and fast-moving coins and provides many opportunities for astute traders or investors. As it’s built on Ethereum, it may provide smart contract capabilities in the future; however, there is limited utility in what the coin offers right now.

The Shiba Inu ecosystem includes other aspects, including ShibaSwap, a decentralised platform for trading coins. There are also 10,000 Shiboshis, which are non-fungible tokens with various unique features, making them collectables.

Why does SHIB have value?

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The value in SHIB lies in its future potential and ability to navigate away from a meme status. The team behind the project have developed a metaverse where users can immerse themselves in a virtual reality world while creating and launching their own projects.

The Shiba Inu metaverse is still in its foundation stages, and any value it holds may be unlocked in the future. However, presently, SHIB’s value lies in its popularity and volatile price, which produces ample opportunities for speculation.

Who created Shiba Inu?

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Shiba Inu was created in August 2020 by an anonymous person named ‘Ryoshi’. There is little information about SHIBs founder, although, in the blog Ryoshi Research, he describes himself as ‘just some guy of no consequence’. The project was named after a Japanese breed of dog, Shiba Inu, the same breed depicted in the Dogecoin symbol.

Where can I buy Shiba Inu?

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You can buy Shiba Inu on either a centralised cryptocurrency exchange (CEX) or decentralized exchange (DEX), depending on its availability. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock trading platform.

Our guide on how & where to buy Shiba Inu explains step-by-step exactly how to get started with a reliable crypto exchange, or via one of the most popular decentralized exchanges.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in Shiba Inu?

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The simplest way to invest in Shiba Inu is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any Shiba Inu alternatives?

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Shiba Inu is just one of many meme coins, although it’s one of the better-known ones. There are a wide selection of Shiba Inu alternatives and several ‘spin offs’ which have used the ‘Shiba’ name to create a different offering. Below are a few different alternatives to Shiba Inu.

  • Dogecoin. Dogecoin is the number one meme coin available and is often ‘pumped’ by Elon Musk.
  • Ape Coin. Ape Coin is linked to the Bored Ape Yacht club and is one of the most hyped coins in 2022.
  • Baby Doge. Baby Doge was created as a ‘son’ to Dogecoin and has faster transaction speeds than its ‘father’.

FAQs

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Why Was Shiba Inu Called the Dogecoin Killer?
Is Elon Musk involved in Shiba Inu?
Who is the Shiba Inu billionaire?
Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.

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