Current Shiba Inu Value: Live SHIB Price Chart, Market Capitalization & Latest Updates

Exploring the Shiba Inu Token (SHIB)

The Shiba Inu Token (SHIB) initially emerged as a playful cryptocurrency but has since gained significant recognition within the meme coin sphere. Its inception as a humorous asset has evolved, drawing a considerable community of developers who have established a decentralized platform around SHIB, including an L2 chain known as Shibarium. At the project’s outset, 50% of SHIB’s total supply was entrusted to the Ethereum wallet of blockchain figurehead Vitalik Buterin. SHIB experienced an astronomical rise in value, ascending from a mere $0.000000000056 to its peak of $0.000084—an impressive 150,000-fold increase within an eight-month timeframe.

In a notable act of philanthropy, Buterin donated 10% of his SHIB reserves to support Indian efforts against COVID-19, resulting in the incineration of 40% of the initial allocation. At the time, this contribution surpassed $1 billion, ranking as one of the most substantial charitable donations globally.

Shiba Inu Community Achievements

The Shiba Inu collective progressed to unveil a decentralized trading platform named Shibaswap, introducing two additional tokens in the ecosystem: LEASH and BONE. The token LEASH possesses a limited supply and presents incentives on Shibaswap, while BONE serves as a governance token, giving holders voting power in the Doggy DAO. More recent developments include the launch of Shibarium, an L2 chain built specifically for the SHIB community.

Acquiring Shiba Inu Tokens

SHIB can be acquired on several centralized cryptocurrency exchange platforms. The most prominent marketplace to purchase and trade Shiba Inu is on Gate.io, particularly the SHIB/USDT trading pair which, in the past 24 hours, saw a trading volume of $19,235,095.69. Other exchanges that are active in SHIB trading include DigiFinex and MEXC.

Shiba Inu (SHIB) Trading Volume Insights

The 24-hour trading volume for Shiba Inu (SHIB) stands at $610,217,036.21. This represents a noticeable -43.20% change, indicative of a drop-off in market activity.

The Peak Value of Shiba Inu Tokens

Shiba Inu Tokens (SHIB) have reached their zenith at BTC0.0₈1464 on October 28, 2021. Current figures show a price -74.60% below the all-time high.

Record Low for Shiba Inu (SHIB)

The most modest price point for Shiba Inu (SHIB) was BTC0.0₁₄2426, recorded on November 28, 2020. In comparison, the current price represents a substantial increase of 38,808,336.40% from the all-time low.

Shiba Inu’s Market Capitalization

The market capitalization for Shiba Inu (SHIB) currently sits at BTC205,472.4249, placing it at the #12 rank on CoinGecko. Market cap is a product of the current token price and the circulating supply of SHIB tokens (currently 590 Trillion).

Fully Diluted Valuation of Shiba Inu (SHIB)

The Fully Diluted Valuation (FDV) for Shiba Inu (SHIB) is at BTC348,687.2831, reflecting the potential market cap if the maximum supply of 1 Quadrillion SHIB tokens were in circulation today.

Performance Comparison of Shiba Inu

Over the past week, Shiba Inu (SHIB) witnessed a -20.60% price drop, lagging behind the broader cryptocurrency market which saw a -13.30% decline, and also underperforming when juxtaposed with similar Ethereum Ecosystem cryptocurrencies that recorded an uptrend of 12.70%.

Configuring Shiba Inu (SHIB) in MetaMask

To manage Shiba Inu (SHIB) in MetaMask, you’ll need to add the token by importing its contract address (0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce). You can enter this manually, or if you’ve installed the MetaMask Chrome extension, you can quickly add SHIB by clicking on CoinGecko.

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