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Shiba InuSHIBA INU (SHIB) is a type of digital crypto currency, utilizing peer-to-peer transactions, mining and other technological feats into a modern day asset. Use this page to follow news and updates regarding SHIBA INU coin price, create alerts, follow analysis and opinion and get real time market data. Find here all you need to know about the cryptocurrency SHIBA INU.
Investing.com
0.00002863
+0.00000040(+1.42%)
Real-time Data
Day's Range
0.00002834
0.00002875
52 wk Range
0.00000845
0.00004555
Day's Range
0.000028340.00002875
52 wk Range
0.000008450.00004555
- Bid/Ask
- -
- Vol (24H)
- 846.56M
- Market Cap
- 16.86B
- Day's Range
- 0.00002834-0.00002875
- 52 wk Range
- 0.00000845-0.00004555
- Max Supply
- -
- Circulating Supply
- SHIB589.26T
- Rank
- 13
Type:Currency
Group:Minor
Base:Shiba Inu
Second:US Dollar
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FAQ
How and Where to Buy Shiba Inu Coin
To buy Shiba Inu Coin (SHIB), you can use either a centralised or decentralised exchange. Popular centralised exchanges that list SHIB include Binance, Coinbase, Kraken, and KuCoin. These platforms allow you to purchase SHIB using either fiat currency (such as USD or GBP) or other cryptocurrencies.
If you prefer a decentralised option, you can buy SHIB on platforms like Uniswap or SushiSwap. For this, you will need an Ethereum-compatible wallet (e.g., MetaMask or Trust Wallet) and some ETH (Ethereum) to cover transaction fees. Simply connect your wallet, select SHIB as the token you wish to buy, and confirm the transaction. Before purchasing, make sure to check the fees and liquidity on the platform to ensure you get the best rates.
If you prefer a decentralised option, you can buy SHIB on platforms like Uniswap or SushiSwap. For this, you will need an Ethereum-compatible wallet (e.g., MetaMask or Trust Wallet) and some ETH (Ethereum) to cover transaction fees. Simply connect your wallet, select SHIB as the token you wish to buy, and confirm the transaction. Before purchasing, make sure to check the fees and liquidity on the platform to ensure you get the best rates.
What Is Shiba Inu Coin?
Shiba Inu Coin (SHIB) is a meme cryptocurrency created in August 2020 by an anonymous individual or group known as Ryoshi as an Ethereum variant of the popular Scrypt programmed Dogecoin. Inspired by the Shiba Inu dog breed, which is popular in internet culture, SHIB is often referred to as a "Dogecoin killer" due to its similar branding. The coin gained significant attention due to its large community, online presence, and meme status.
Although it started as a speculative asset, SHIB has grown into a prominent token within the Ethereum ecosystem, built as an ERC-20 token. It has a massive circulating supply and is often used for trading and as a store of value. Over time, the Shiba Inu community has expanded its use cases, with plans to create decentralised applications and a ShibaSwap platform for token swaps and liquidity provision.
Discover more about what crypto is and how it works in our Investing Academy.
Although it started as a speculative asset, SHIB has grown into a prominent token within the Ethereum ecosystem, built as an ERC-20 token. It has a massive circulating supply and is often used for trading and as a store of value. Over time, the Shiba Inu community has expanded its use cases, with plans to create decentralised applications and a ShibaSwap platform for token swaps and liquidity provision.
Discover more about what crypto is and how it works in our Investing Academy.
Is Shiba Inu Coin Legit?
Yes, Shiba Inu Coin (SHIB) is a legitimate cryptocurrency, but its value and purpose should be carefully considered prior to mining or purchasing. SHIB is an ERC-20 token built on the Ethereum blockchain, which ensures it operates on a secure and established network. It is widely listed on reputable exchanges like Binance, Coinbase, and Kraken, further affirming its credibility.
However, SHIB is often classified as a meme coin, meaning its value is largely influenced by community hype and market speculation rather than intrinsic utility. While it has expanded its ecosystem to include projects like ShibaSwap, prospective investors should exercise caution and research thoroughly before investing, as meme coins are inherently volatile.
However, SHIB is often classified as a meme coin, meaning its value is largely influenced by community hype and market speculation rather than intrinsic utility. While it has expanded its ecosystem to include projects like ShibaSwap, prospective investors should exercise caution and research thoroughly before investing, as meme coins are inherently volatile.
How to Mine Shiba Inu Coin
Shiba Inu Coin (SHIB) cannot be mined directly because it is an ERC-20 token on the Ethereum blockchain, which relies on validators using Proof-of-Work (PoW) rather than miners for network security. However, you can acquire SHIB indirectly through methods like mining Ethereum or other mineable cryptocurrencies and exchanging them for SHIB on platforms such as Binance or Uniswap.
Another option is to participate in ShibaSwap, Shiba Inu’s decentralised exchange, where you can stake or farm SHIB tokens to earn rewards. These alternatives offer ways to grow your SHIB holdings without direct mining.
Another option is to participate in ShibaSwap, Shiba Inu’s decentralised exchange, where you can stake or farm SHIB tokens to earn rewards. These alternatives offer ways to grow your SHIB holdings without direct mining.
How to Sell Shiba Inu Coin
Shiba Inu coin can be exchanged for fiat or another digital asset like every other cryptocurrency. To sell Shiba Inu Coin (SHIB), you’ll first need an account on a cryptocurrency exchange that supports SHIB trading, such as Binance, Coinbase, or Kraken. If your SHIB tokens are stored in a private wallet, transfer them to your exchange account.
Once your SHIB is in the exchange, navigate to the trading section and select SHIB as the cryptocurrency to sell. Choose the trading pair, such as SHIB/USD or SHIB/ETH, enter the amount you wish to sell, and confirm the transaction. Funds can then be withdrawn to your bank account or reinvested in other cryptocurrencies.
Once your SHIB is in the exchange, navigate to the trading section and select SHIB as the cryptocurrency to sell. Choose the trading pair, such as SHIB/USD or SHIB/ETH, enter the amount you wish to sell, and confirm the transaction. Funds can then be withdrawn to your bank account or reinvested in other cryptocurrencies.
Shiba Inu Coin Burn Schedule
Shiba Inu Coin (SHIB) does not have a fixed or official coin burn schedule. However, the Shiba Inu community has undertaken various initiatives to reduce the token’s massive supply. For example, part of the SHIB tokens allocated to the project's creator was burned by Ethereum’s co-founder Vitalik Buterin in 2021, significantly reducing the circulating supply.
Additionally, the community actively promotes voluntary burns through ShibaSwap, where users can burn SHIB or LEASH tokens to receive rewards, and other community-led events. These efforts aim to increase scarcity and potentially enhance the value of the remaining tokens over time.
Additionally, the community actively promotes voluntary burns through ShibaSwap, where users can burn SHIB or LEASH tokens to receive rewards, and other community-led events. These efforts aim to increase scarcity and potentially enhance the value of the remaining tokens over time.
Who Created Shiba Inu Coin?
Shiba Inu Coin (SHIB) was created in August 2020 by an anonymous developer or group known as Ryoshi. The identity of Ryoshi remains a mystery, similar to the creator of Bitcoin, Satoshi Nakamoto. Ryoshi envisioned SHIB as an experiment in decentralised community building, where the project’s success relies heavily on its supporters rather than traditional leadership or a central team.
Despite its meme coin origins, the Shiba Inu ecosystem has grown significantly, including projects like ShibaSwap and tokens such as LEASH and BONE, further expanding its functionality and appeal.
Despite its meme coin origins, the Shiba Inu ecosystem has grown significantly, including projects like ShibaSwap and tokens such as LEASH and BONE, further expanding its functionality and appeal.
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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