The Live SHIBA Inu price is $(current price) with a 24-hour trading volume of (current volume) USD. We keep you up to date on all changes in real-time, so follow our updates if you are interested or just want some fun speculation–either way, it will be interesting enough when we finally see where this goes next.
If you’re looking to buy some Shiba Inu, here are the top cryptocurrency exchanges for trading this crypto coin: Binance is one of them. It also goes by names like “Bib”, while others know it as OKEx or Mandala Exchange, depending on how they trade their coins with each other. Huobi Global and FTX offer great opportunities if that’s your thing!
About SHIBA INU (SHIB)
Once upon a time, there was an old Shiba Inu named Shiba who had once been very special to many people around the world. This dog inspired millions of investors to invest money with its image and brought hope from being lost-in-time pieces for those still believing in crypto dreams; except now they are not just dreaming anymore! As per the SHIBA INU website: “SHIB is DOGECOIN killer.”
The Shiba Inu coin or SHIB is a unique cryptocurrency that fuels the Shiba ecosystem of our new favorite internet memes. Its three separate tokens – Shib, Bone, and Leash can be staked or swapped for liquidity pools on a decentralized exchange to earn interest and rewards.
Bone can be exchanged with other users to earn interest and rewards on ShibaSwap’s decentralized exchange – this makes it similar to dogecoin but more specialized as it’s about dogs! Then we’ve got LEASHs (also known as leash coins) which work just like any other kind: you stake them upfront in order to get some return when trading back down again later without risk because if being left hanging upside-down by your toes while everyone laughs at how high they climbed)
Shibas are generally perceived as memes similar to other dog-themed cryptocurrencies such as dogecoin but with more than 1.2 million followers across Twitter, making them newsworthy every day of trading – even if it’s up/down trades for spectacular gains & losses alike.
The Shiba Inu coin was created as an anonymous cryptocurrency in 2020, but it quickly gained momentum and value when community members were drawn by its cute charm paired with headlines from personalities like Elon Musk and Vitalik Buterin.
The crypto project’s witty Twitter Feed had investors flocking to purchase coins at a rapid pace due to the hashtag “cuteness”, which fueled demand even more so than underlying utility or practicality for use on any current marketplaces where cryptocurrencies could possibly be used instead of fiat money.
Shiba Inu is a cryptocurrency aimed to be the Ethereum-based counterpart of Dogecoin’s Crypt algorithm. Shibai and SHIB tokens are part of swarm dog-themed currencies, including BabyDoge Coin (BabyDoge), DOGE coin, JINDO INU( JindoInu), and ALASKAN MALAMUTE TOKEN(Lasma Token). These lesser valued tokens attracted investors who missed out on pump from 0.0002 USD all the way up to nearly 0.75 USD.
On Sept. 17, 2021, Coinbase announced that Shiba Inu became the first-ever cryptocurrency to be listed on their exchange for trading and buying purposes. This news caused the prices of this meme dog token (which you can also find used as an explanation in someone’s bio) to rise by over 40% within two days, bringing it back into relevance once again!
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.”
And last but not least- we love Shiba Inu Dogs!
The anonymous creator of this crypto coin is known as ‘Ryoshi.’ However, very little information about him or her surfaces because they want to maintain anonymity, just like Bitcoin’s Satoshi Nakamoto, who introduced us all into the world
Mechanism of Shiba Inu
Shiba Inu offers more than just a currency. The community-driven rescue campaign for Shiba Inu dogs and an ecosystem of products and services, including a decentralized exchange named ShibaSwap that lets users trade SHIB to other cryptocurrencies as well as earn interest when providing liquidity or staking into the three tokens deposited on smart contract with them by contributing deposits.
The Shiba token is a governance coin with an exhaustively-limited supply. It allows BONE holders to propose and vote on changes through Doggy DAO, which stands for the decentralized autonomous organization – meaning there are no controlling members or managers overseeing its decisions; instead, these responsibilities have been placed into computer-based rules that can change at any time without anyone’s approval (but yours!). In addition, you’ll be able to reward liquidity providers who provide services such as trading positions in your favorite coins by using this valuable cryptocurrency against their own risks.
LEASH, or “Doge Killer” is a cryptocurrency that was originally issued on the dogecoin network. The original supply of this token was automatically adjusted by its protocol so as to keep it priced in line with Dogs at a 1:1000 ratio, but today’s algorithm has been removed, making LEASH act more like store-of-value currency for Shiba owners who can only possess 107,647 coins total.
The ShibaSwap decentralized exchange provides several functions, including:
Providing a liquidity pool (Dig)
Cashing out your tokens and redeeming BONE rewards (Woof).
You can also stake SHIB, LEASH, or one of the other two assets to receive more bones!
The swap function allows users to trade between multiple assets on their platform—and track analytics with Bonefolio.
Shiboshi offers 10k unique pixelated images representing each token in circulation; this helps traders determine what they’re looking at before deciding which asset would be best suited based on any preferences you may have had when creating an account.
What Makes SHIBA INU Different?
The Shiba Inu website has created an artistic movement for dogs and artists from all over the world. They invite you to join them by fostering this community, which will lead us into a new era where we can collect NFTs with our pets!
There’s also a charity campaign on Amazon Smile so that donations are sent directly towards rescuing real-life Shibe Inus who need help.
However, in May 2021, the pseudonymous creator of SHIB known as “Ryoshi” sent half of its total supply to Vitalik Buterin who burned 90% right away. He donated 10% for charity but there is no mechanism in place that would reduce further supply or give more people access so this event doesn’t affect those outside circumstances either way too much.
The initial total supply of SHIB tokens was one quadrillion or 1,000,000,000,000,000 tokens. However, inMay 2021, the pseudonymous creator of SHIB known as “Ryoshi” sent half of its total supply to Vitalik Buterin who burned 90% right away. He donated 10%. There are no other mechanisms in place for reducing further production or slowing down inflation from this point on which could lead investors to fear they’re getting out too late if they buy now.
Index: One quadrillion (or 1000 trillion) tokens exist at launch time – 500 billion were distributed among founders and advisors; 1/10th was given specifically as a charity by founder Ryoshis without any specific recipient specified beyond “charity”.
In 2021, SHIB was one of the most volatile crypto assets. It began on May 11, when the SHIB price increased 1,953 percent to $0.00003532 from $0.00000172, but it quickly fell to $0.00000793 in the next three weeks.
SHIB surged rapidly from $0.00000766 to $0.00002913 by Oct. 13, 2021, after months of sideways trading. Two weeks later, on Oct. 28, SHIB reached its current all-time high of $0.000089, however, the market has since corrected.
The market momentum affecting Shiba Inu is mainly due to Tesla CEO Elon Musk, who was also responsible for dogecoin’s massive price surge. His interest and excitement about this particular coin created a new round of investors joining SHIB’s wagon just like they did with Bitcoin several years ago when people began investing heavily after its value skyrocketed against fiat currencies back then too.