Understanding Shib Coin Market Cap and Statistics

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Shib Coin's market cap is a crucial metric for investors to understand. Shib Coin's market cap is currently around $8 billion, but it can fluctuate rapidly due to market conditions.

Shib Coin's market cap is calculated by multiplying the total number of coins in circulation by the current price of each coin. This calculation can be affected by changes in the price of Shib Coin.

As of the last update, Shib Coin's circulating supply is approximately 589 trillion coins. This is a significant number, considering the total supply of Shib Coin is capped at 1 quadrillion coins.

Shib Coin's market capitalization is just a small fraction of the total market capitalization of the cryptocurrency market, which is dominated by larger players like Bitcoin and Ethereum.

What is Shib Coin?

Shib Coin is a cryptocurrency that was created in 2020 by an anonymous individual or group of individuals using the pseudonym Ryoshi.

Its name is a reference to the Japanese word for "dog", and its mascot is a cartoon Shiba Inu dog.

Collection of assorted round amulets in shape of Chinese coins with red satin threads
Credit: pexels.com, Collection of assorted round amulets in shape of Chinese coins with red satin threads

Shib Coin was initially launched as a joke, but it quickly gained popularity and became one of the most widely held cryptocurrencies in the world.

The Shib Coin community is known for its strong sense of camaraderie and shared purpose, with many holders actively participating in online forums and social media groups.

Shib Coin's market capitalization is highly volatile, with prices fluctuating rapidly in response to changes in the cryptocurrency market.

Shib Coin Market Data

The current market data for Shib coin is quite volatile, with a 24-hour trading volume of $552,736,080 USD.

The Shiba Inu price today is $0.000021 USD, with a market capitalization of $12,104,527,208 USD. This makes it the #15 coin on CoinMarketCap.

Shiba Inu's circulating supply is 589,255,265,210,831 SHIB coins, with the max supply not available.

The most active and popular exchanges for buying or selling SHIB are Binance, Kucoin & Kraken.

If this caught your attention, see: Bitcoin Halving Shiba Inu

What's Ever

Shiba Inu's market cap is a staggering $12,104,527,208 USD, ranking it #15 on CoinMarketCap.

Men Analyzing Charts of Cryptocurrency
Credit: pexels.com, Men Analyzing Charts of Cryptocurrency

The circulating supply of Shiba Inu coins is a massive 589,255,265,210,831 SHIB coins.

Shiba Inu's price is down 5.33% in the last 24 hours, which is a significant drop.

The live Shiba Inu price today is $0.000021 USD, and it's updated in real-time on CoinMarketCap.

ShibaDoge's market cap is much smaller, at $3,203,059 USD, ranking it #1612 on CoinMarketCap.

The circulating supply of ShibaDoge coins is an enormous 114,607,237,350,162,660,000,000 SHIBDOGE coins.

Here's a comparison of the two coins' market caps:

Live Data

The Shiba Inu coin market is a dynamic and rapidly changing space, and staying up-to-date with live data is crucial for making informed decisions. The current Shiba Inu price is $0.000021 USD.

The trading volume of Shiba Inu in the last 24 hours is a staggering $552,736,080 USD, making it one of the most actively traded coins in the market.

According to CoinMarketCap, the current market ranking of Shiba Inu is #15, with a live market capitalization of $12,104,527,208 USD. The circulating supply of SHIB coins is a massive 589,255,265,210,831.

Credit: youtube.com, Shiba Inu Coin Market Metrics Live Dashboard

The Bone ShibaSwap coin is also worth keeping an eye on, with a current price of $0.423551 USD and a 24-hour trading volume of $5,071,614 USD. The circulating supply of BONE coins is 229,923,351, and the maximum supply is 250,000,000 coins.

Here's a quick comparison of the trading volume of Shiba Inu and Bone ShibaSwap:

The ShibaDoge coin is also worth noting, with a current price of $2.79e-17 USD and a 24-hour trading volume of $117,975 USD. However, it's worth keeping in mind that ShibaDoge has a much lower market capitalization of $3,203,059 USD compared to Shiba Inu.

If you're interested in learning more about the Shiba Inu coin, here are some related pages to check out. The Shiba Inu price live data is tracked on CoinMarketCap, which is a great resource for staying up-to-date on market trends.

The current ranking of Shiba Inu on CoinMarketCap is #15, with a significant market cap of $12,104,527,208 USD. This is a testament to the coin's popularity and widespread adoption.

Credit: youtube.com, SHIBA INU COIN NEWS TODAY - ROBINHOOD ANNOUNCED SHIBA WILL REACH $3! -SHIB KAI

If you're interested in learning more about tokens like Shiba Inu, you can check out the CoinMarketCap tokens page. It's a great resource for discovering new and emerging cryptocurrencies.

Here's a list of some of the key pages related to Shiba Inu:

  • CoinMarketCap: This is the go-to resource for tracking Shiba Inu's price and market trends.
  • Tokens: If you're interested in learning more about tokens like Shiba Inu, this is the place to start.
  • Shiba Inu: This is the official page for the Shiba Inu coin, where you can learn more about its history, features, and uses.

Where to Buy and Store

You can buy Shiba Inu on popular exchanges like Binance, Huobi, Coinbase, Gate.io, Uniswap, and OKEx. These exchanges offer a range of fiat currency pairs, including SHIB/USD, SHIB/GBP, SHIB/AUD, and SHIB/EUR.

To buy Shiba Inu, you'll need to sign up for an account on the platform, complete the verification process, and set up a wallet for SHIB. Most exchanges provide a wallet for you to store your SHIB, but you may also want to consider setting up a separate wallet using a hardware device or software program.

If you're looking for a safe place to store your SHIB, consider using a reputable hardware wallet like Ledger or Trezor, which have been tested and reviewed as one of the safest options.

Where to Buy

Bitcoin Gold Cryptocurrency Trading Chart
Credit: pexels.com, Bitcoin Gold Cryptocurrency Trading Chart

You can buy Shiba Inu on Binance, Huobi, Coinbase, Gate.io, Uniswap (V2) and OKEx, among other exchanges.

To check Shiba Inu price live in the fiat currency of your choice, use CoinMarketCap's converter feature directly on the Shiba Inu currency page or a dedicated exchange rate converter page. Popular Shiba Inu price pairs include SHIB/USD, SHIB/GBP, SHIB/AUD and SHIB/EUR.

To buy SHIB, you'll need to sign up for an account on the platform, complete the verification process, and set up a wallet for SHIB. Most exchanges will provide a wallet for you to store your SHIB.

The most active and dominating exchanges for buying and selling Shiba Inu are Binance, Kraken, and Kucoin. These exchanges offer the most popular Shiba Inu trading pairs, such as SHIB/USDT, SHIB/KRW, and SHIB/USD.

Bone ShibaSwap (BONE) is available on ShibaSwap, Uniswap (V3), Gate.io, Poloniex, Bitget, and more.

Here's an interesting read: Uniswap Prediction

Wallet Storage Options

You can store SHIB in a wallet that's connected to an exchange, as most exchanges will provide a wallet for you to store your SHIB.

Close-up of a Shiba Dog with Eyes Closed
Credit: pexels.com, Close-up of a Shiba Dog with Eyes Closed

To buy SHIB, you'll need to sign up for an account on the platform and complete the verification process.

You can also set up a separate wallet using a hardware device like Ledger or Trezor, which are considered safe and popular options.

Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Shiba Inu.

You can buy SHIB using a credit card or bank transfer, and sign up for an account in just minutes.

For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

You may also want to consider setting up a separate wallet using a software program.

Shib Coin Statistics and Analysis

The current market capitalization of Shiba Inu is $12,095,054,168, making it a significant player in the crypto space.

SHIB's price has fluctuated over the past 24 hours, plummeting by 5.65% and decreasing by 15.22% in the last 7 days. This volatility is a common occurrence in the cryptocurrency market.

The circulating supply of SHIB is a staggering 589,255,265,210,830 coins, and its current rank on the market is #18. This indicates a relatively high level of adoption and trading activity.

Here's a summary of SHIB's price movements over different time frames:

Statistics

Close-up of Ethereum cryptocurrency with red downward arrow, symbolizing market decline.
Credit: pexels.com, Close-up of Ethereum cryptocurrency with red downward arrow, symbolizing market decline.

Shib Coin's price has plummeted by 5.65% in the last day and decreased by 15.22% in the last 7 days.

The current real-time Shib Coin price is $0.0000205, and its trading volume is $300,327,734 in the last 24 hours.

Shib Coin's market capitalization is $12,095,054,168, and it has a circulating supply of 589,255,265,210,830 coins.

Currently, Shib Coin's rank on the market is #18.

Here are some key statistics about Shib Coin's price:

Shib Coin's price is 76.79% below its all-time high and 25,138,909.20% above its all-time low.

Tokenomics

The Shiba Inu coin's tokenomics are quite interesting.

During the initial launch, half of its supply was sent to Vitalik Buterin, a co-founder of Ethereum, and the other half to Uniswap, where the coins are locked.

Vitalik Buterin was sent 90% of the coins he received, which is a staggering $7 billion at the time, and he donated the remaining 10% to the Covid Crypto Relief Fund in India.

Smiling woman and purebred Shiba Inu dog resting on couch
Credit: pexels.com, Smiling woman and purebred Shiba Inu dog resting on couch

The Shiba Inu developers likely sent the coins to Vitalik to self-promote the project, but he was skeptical about it, which led to the burning and donating process.

This incident received major media attention, ironically becoming the best promotion for the Shiba Inu coin and helping to raise the SHIB price.

Token Unlocks

The Shiba Inu Token Unlocks are a crucial part of the SHIBA INU WoofPaper's vision. The team created SHIB for three main reasons, which we'll explore in more detail.

The first reason is to create a decentralized and community-driven cryptocurrency. This means that SHIB is not controlled by any single entity, but rather by the collective efforts of its users.

The second reason is to create a store of value and a medium of exchange. SHIB aims to become a widely accepted and trusted cryptocurrency, just like traditional fiat currencies.

The third reason is to create a fun and engaging community around the cryptocurrency. The SHIBA INU WoofPaper emphasizes the importance of community building and user engagement.

The Shiba Inu Token Unlocks are a key part of this vision, unlocking new features and capabilities for SHIB users.

See what others are reading: Jet Token Stock

Shib Coin Project and Story

Few Coins Representing Cryptocurrency
Credit: pexels.com, Few Coins Representing Cryptocurrency

The Shiba Inu project has evolved into a full-fledged ecosystem, with its own decentralized exchange platform called ShibaSwap, allowing users to exchange tokens and participate in yield farming and liquidity mining activities.

The project has two more tokens, LEASH and BONE, with LEASH offering impressive rewards for providing liquidity and BONE serving as the governance token for the Shiba Inu ecosystem, enabling community members to participate in decision-making processes in Doggy DAO.

Ryoshi, the mysterious founder of Shiba Inu, is a member of the ShibaArmy without any titles or perks, and interestingly, he doesn't own any Shiba Inu tokens.

The Story of

The Shiba Inu coin's creator is a mystery, known only by the pseudonym Ryoshi.

Ryoshi is a member of the ShibaArmy without any titles or major perks, and surprisingly, he doesn't own any Shiba Inu tokens.

The Shiba Inu coin was created as an experiment to test the community's governance of the project.

At first, the Shiba Inu price was very low, but the coin's goal is to outpace Dogecoin, earning it the nickname "Dogecoin killer".

Shiba Inu has some benefits over Dogecoin, including support for smart contracts, which enables way more functionalities.

Project

Shiba Inu and Woman on Picnic
Credit: pexels.com, Shiba Inu and Woman on Picnic

The Shiba Inu project is a whole ecosystem that's grown from a small meme coin. It's developed its own decentralized exchange platform called ShibaSwap, which allows users to exchange tokens, participate in yield farming and liquidity mining activities.

Shiba Inu has two more tokens – LEASH and BONE. LEASH originated as a rebase token, but its rebase feature was eventually removed. Now, impressive rewards are promised to LEASH token holders for providing liquidity.

BONE is the governance token of the Shiba Inu ecosystem, allowing community members to participate in decision-making processes in Doggy DAO. The Shiba Inu community loves Shiba Inu dogs so much that they've established the Shiba Inu Rescue Association, which distributes funds to various Shiba Inu rescue projects.

The Shiba Inu incubator is a decentralized NFT project that allows artists to create various arts revolving around the coin. A stablecoin called SHI is also planned, pegged to one cent, similar to DAI.

A Woman Looking at Cryptocurrency Charts on Her Smartphone and Laptop
Credit: pexels.com, A Woman Looking at Cryptocurrency Charts on Her Smartphone and Laptop

The Shiba Inu community is working on a metaverse platform, combining SHIB, LEASH, and BONE tokens to create the best Decentralized Ecosystem (DECO) on the planet. BONE is a governance token for ShibaSwap, allowing owners to participate in governing activities and make proposals for future development.

Users can participate in various activities on the ShibaSwap platform, including DIG (providing liquidity), BURY (staking SHIB, LEASH, and BONE), SWAP ERC-20 tokens, and receive WOOF returns (rewards).

Bone Coin Circulation

Bone ShibaSwap has a maximum supply of 230,000,000 coins.

As of May 2023, there are 229,923,351 BONE in circulation.

10% of all emissions are allocated to the Multisig-controlled treasury/Development Fund.

0.05% of the exchange trade fees are awarded to holders of the tBONE token.

Approximately 13,824,000 BONE tokens are released monthly, primarily for stakers and liquidity providers (LPs).

Frequently Asked Questions

Can SHIB reach $1 by 2030?

Reaching $1 by 2030 is highly unlikely for SHIB due to its massive circulating supply. A price surge of this magnitude would require an extraordinary market capitalization.

How much Shiba Inu is left?

There are approximately 589.26 trillion Shiba Inu coins in circulation. Learn more about the current supply and its implications for the SHIB ecosystem.

Vanessa Schmidt

Lead Writer

Vanessa Schmidt is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for research, she has established herself as a trusted voice in the world of personal finance. Her expertise has led to the creation of articles on a wide range of topics, including Wells Fargo credit card information, where she provides readers with valuable insights and practical advice.

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