Shiba Inu is a community-driven project with the mission of bringing awareness to the Shiba Inu crypto token. We believe that by providing the latest news, insights, and analysis, we can help you stay up-to-date on all things Shiba Inu.
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Shiba Inu is a new cryptocurrency
Shiba Inu is a new cryptocurrency that has recently gained popularity among investors and traders. The coin has a relatively low market capitalization, but it has seen a surge in price in recent weeks. The coin is not yet listed on major exchanges, but it is available on some smaller exchanges. Shiba Inu is based on the Ethereum blockchain and uses the ERC-20 token standard.
Shiba Inu is a fork of Dogecoin
Shiba Inu is a decentralized cryptocurrency based on the Ethereum blockchain, launched in August 2020. The project aims to provide a safe, secure and decentralized platform for users to transact with each other without the need for third-party intermediaries. The token is currently listed on a number of exchanges including Binance, Huobi and OKEx.
Shiba Inu has a market cap of $1.4 billion
Shiba Inu, the cryptocurrency that Dogecoin creator Jackson Palmer once described as a “joke” coin, has now amassed a market capitalization of more than $1.4 billion.
The meme-based token has seen explosive growth in recent weeks, with its price rising from around $0.00004 on April 1 to its current price of $0.000074, an increase of over 80%.
The Shiba Inu token was created in August 2020 on the Ethereum blockchain as an ERC-20 token. It initially gained traction due to its similarity to Dogecoin, which also started out as a meme-based cryptocurrency.
However, Shiba Inu has since differentiated itself from Dogecoin with its own unique memes and community. The token is also notable for its use of the “burn” method to reduce its supply, which has led to it becoming one of the most deflationary cryptocurrencies in existence.
As of today, there are a total of 1,000 trillion Shiba Inu tokens in circulation, with a large percentage of them being held by major cryptocurrency exchanges such as Binance and Huobi.
Shiba Inu is ranked #29 on CoinMarketCap
Shiba Inu, a decentralized meme token built on the Ethereum blockchain, has surged in recent weeks, becoming the 29th largest cryptocurrency by market capitalization.
The token, which was created in August 2020, began to surge in price after gaining the support of Tesla CEO Elon Musk. On February 4, Musk tweeted a meme that referred to Shiba Inu as the “dogecoin killer.”
Since then, the price of Shiba Inu has exploded, rising from around $0.00004 on February 4 to its current price of $0.00008. The token has a market capitalization of $6.4 billion and is currently the 29th largest cryptocurrency.
While Shiba Inu is currently ranked highly on CoinMarketCap, it remains to be seen if the token can sustain its recent price gains.
Shiba Inu is trading at $0.000014
Shiba Inu is currently trading at $0.000014, down from its opening price of $0.000015. The coin has a market cap of $1.4 billion and a 24-hour trading volume of $5.5 million.