Shiba Inu SHIB live coin price, charts, markets & liquidity

Another thing to know is that in their quest to ensure long-term sustainability and success, the SHIBA team has burned 40 percent of the total supply of their tokens. Upon its inception, half of all SHIB tokens to ever exist was liquidity locked to decentralized exchange Uniswap, while the other half was sent, or better said “burned,” to Ethereum co-founder Vitalik Buterin. Shiba Inu is a decentralized blockchain ecosystem powered by a trio of native tokens – namely SHIB, BONE, and LEASH. The cryptocurrency project is named after a Japanese breed of dog called the Shiba Inu, which is the hunting dog breed depicted in Dogecoin’s logo symbol. Data from crypto intelligence tracker Whalestats confirmed that SHIB features on the list of top 10 most traded tokens among the 100 largest whales on the Ethereum network.

Deposit crypto to our exchange and trade with deep liquidity and low fees. Earn up to $1,000 when you fund a new account, and earn up to $100 in Bitcoinwith your first qualifying crypto trade . So far the shib trade is working out but I’m also seeing that we are still within a pattern so things can still go south from here. Price broke down 50EMA I expect the continuation of the decline after fixing under the support level. Shiba Inu was created in August 2020, dubbing itself the ‘Dogecoin killer’.

According to Shiba Inu price predictions we’ve analyzed, it can be a good investment. However, it’s better to buy Shiba Inu in moderate amounts because the project hasn’t yet established its real-world value. The Shiba Inu price history had a perfect start — in a few weeks of its existence, its price rose by 27,000%.

People Also Ask: Other Questions About SHIBA INU (SHIB)

Shiba Inu is the second largest cryptocurrency by market capitalization after Dogecoin. Despite rising demand from whales, the dog-themed meme coin has failed to wipe out losses from crypto winter. SHIB was initially launched with a supply of 1 quadrillion tokens, half of which were put into Uniswap and the other half were sent to Ethereum co-founder Vitalik Buterin. In May 2021, Buterin announced that he had burned 90% of his SHIB holdings, which has dramatically reduced the total supply of SHIB and should therefore increase its value. However, he also revealed that he would donate the rest to charity, which will mean a significant amount of new SHIB entering the market which could dilute the token’s price.

Shiba Inu price broke out of its down channel after a massive spike in SHIB token burn rate. Still, since yesterday morning, the SHIB community has burned less than yesterday – 182 million compared to over 200 million SHIB on Jan. 2. Shibburn tracking service has reported that the SHIB army has managed to get rid of yet another big lump of Shiba Inu, striving to burn as many of these meme coins in the beginning of 2023 as they can. Its current valuation is derived from the balance of supply and demand in the markets and constantly changes.

shiba inu coin

Own 30+ cryptoassets on an easy-to-use platform, and share in the knowledge of 30m+ users. In addition to its native token, the Shiba Inu ecosystem also hosts LEASH https://cryptolisting.org/ and BONE, which you can buy on the official website. Make sure you dig up enough information about these coins because they are far less known than Shiba Inu.

ShibaSwap lets users provide liquidity and swap SHIB for other ERC-20 tokens. On a serious note, however, the developers behind the cryptocurrency have become more committed to driving higher utility and engagement with their community through several announcements. The establishment of ShibaSwap and the upcoming Shiba Inu Games and its very own metaverse will drive up the Shiba Inu price and value among cryptocurrencies. It could contribute to making it an attractive investment to consider. A few minutes after your trade is executed successfully, you will receive your Shiba Inu tokens in your KuCoin trading account.

Any investment or trading is risky, and past returns are not a guarantee of future returns. Currently, there are 497 trillion SHIB tokens in circulation, with a total supply of 1 quadrillion. Market cap is calculated by multiplying the asset’s circulating supply with its current price. EToro USA LLC; Investments are subject to market risk, including the possible loss of principal. It would be nice if price could move from here to take out liquidity at the top.

Live Shiba Inu Chart in EUR

You can store them on the exchange or transfer them to an external wallet for additional security. You can also choose to buy SHIB with your existing cryptocurrency holdings. Transfer them from your digital wallet to your KuCoin account to fund it and start trading on the platform. In December 2021, the team of developers announced the concept of DOGGY DAO, an essential step toward the complete decentralization of the Shiba ecosystem. The DAO would get to decide which projects and crypto pairs will trade on the ShibaSwap DEX and, in the second stage, use SHIB as the governance token to help the Shib Army vote on proposals. Kabosu, the inspiration behind Shiba-Inu-themed cryptocurrencies DOGE and SHIB is gravely ill.

shiba inu coin

By reducing the amount of tokens that circulate in the market, communities try to make their beloved coins more scarce. This gives them a shade of a chance that the price of the asset they burn will spike in the future. Shiba what is lunox token Inu, a Dogecoin-killer meme coin, is being scooped up by large wallet investors on the Ethereum network. Despite demand from whales, the cryptocurrency is stuck in a tight range and 90% away from its all-time high.

ETH

Bitcoin price shows a clear exhaustion of bullish trend after recovering above a stable support level. This move is likely setting up the stage for a rally for BTC bulls after a quiet end to 2022. Bitcoin shorts worth $93.5 million were closed in December 2022, could this be a sign a BTC price rally is imminent? Experts argue late shorts getting liquidated implies a short squeeze, overall sentiment and outlook need to change for bullish breakout. Yuri is a crypto journalist interested in technology and technical innovations. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects.

We have witnessed the rise of crypto in the last several years as they have managed to draw a bigger following. Some of these cryptos are offered as payment options in some countries and on E-commerce platforms. However, this doesn’t change the way that their legal status varies from one country to another. Click here to check the legality status of cryptocurrencies by country.

The peer-to-peer trading platform lets users trade SHIB to and from other cryptocurrencies. Users can also provide liquidity and stake the ecosystem’s three tokens to earn interest. Shiba Inu is a decentralized cryptocurrency launched in August 2020 by an anonymous individual or group known as “Ryoshi”. On May 13, 2021, Ethereum network founder Vitalik Buterin donated more than 50 trillion Shiba Tokens to the India COVID-Crypto Relief Fund that were originally donated to him by Shiba Inu developers. Shytoshi Kusama, the leader of the SHIB project has assured the community that development for layer-2 scaling solution Shibarium is on track for launch.

Creation of Shiba Inu

The SHIB token, created by an anonymous developer called Ryoshi, was even modelled after DOGE, although its mascot is a cartoon-like representation of a Shiba Inu, rather than a real dog like with Dogecoin. However, a tentative release date for the Shibarium public beta testnet is yet to be revealed by Unification xFund. The firm is currently building the Shibarium network but a launch date remains to be unknown. We will have to wait and watch for official updates about a possible beta testnet launch.

SHIB is an ERC-20 token nicknamed the “Dogecoin killer” and will be the first coin listed on ShibaSwap. Since its launch, the price of SHIB has seen some dramatic changes and if you want to know why then you’re in the right place. We’ve compiled everything you need to get a better understanding of Shiba Inu price – as well as the factors which influence it. Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind.

Shiba Inu Price Prediction 2024

The shiba inu coin, or SHIB, is an ERC-20 token that fuels the Shiba ecosystem. Comprising three separate tokens – SHIB, BONE and LEASH – that users can stake, swap or deposit into liquidity pools on the ShibaSwap decentralized exchange to earn interest and rewards. The more the number of use cases for the SHIB token, the higher the Shiba Inu price and market cap could get. In addition to rising utility, token burn events can also increase Shiba Inu’s appeal as a crypto asset to invest in. Periodic burns by the Shib Army and other community members help reduce the circulating supply of SHIB coins, creating a deflationary effect and supporting its price in the market. Burning is especially popular with meme coins — Shiba Inu, BabyDoge in particular, Floki Inu has also announced the start of upcoming massive burns via their recently launched NFT metaverse game Valhalla.

‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. SHIB has surpassed CHZ as the most traded crypto asset for the 100 biggest ETH investors. It’s impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future value of Shiba Inu. However, once ShibaSwap launches, there will likely be more demand for SHIB which could boost its price.

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