Once upon a time, a very special dog became famous and that dog was the Shiba In and . This dog inspired millions of people around the world to invest their money in cryptocurrency with the image of the dog on it. According to the Shiba Inu website , the Shiba Inu has been declared a "Dogecoin Slayer" and is listed on the Shiba Swab, a DEX. The Shiba Inu was launched by an unknown person with the alias Ryoshi as an ERC-20 token on the Ethereum blockchain in August 2020. This means that the Shiba Inu is implemented on the Ethereum blockchain rather than owning its own blockchain. But on the other hand, Dogecoin, which is the main competitor of Shiba Inu And it has its own blockchain, and in this article we will learn about the price of the Shiba Inu currency, the date of its creation, the direction of growth and investment in the currency, and its current price chart .
.png)
The market value of Shiba Inu
Shiba Inu (SHIPA ) is a cryptocurrency or a form of digital asset that has a market capitalization of approximately $13.4 billion and a share of 0.75% of the total market, currently by market capitalization or market capitalization. This cryptocurrency is ranked sixth on CoinMarketCap after Bitcoin, Ethereum, Binance, Tether and Solana projects. Depending on the current market situation, traders should do their own research in all areas before making a financial decision or forecasting cryptocurrencies to assess their risk.
The current Shiba Inu coin price
The rise and fall of the price of the Shiba Inu, unlike the price of Bitcoin and other cryptocurrencies, takes place with its trend in social networks. The Shiba Inu project was launched without spending any money, and this project did not have any roadmap or capital for marketing, token offering, and listing on exchanges, but with controversial tweets from Elon Musk and the support of other celebrities, its price was gradually increasing. During this time, we saw the shaybah pumped several times, which increased its price several times .
Top 6 Reliable Cryptocurrency Exchanges 2022
Shiba Inu price history
The coin meme quickly gained popularity as a community of investors were drawn to the cryptocurrency's aesthetic appeal, along with headlines and tweets from figures like Elon Musk and Vitalik Buterin. It aims to be the Ethereum-based counterpart to Dogecoin's Srypt-based mining algorithm. Sheba tokens are part of a group of dog-themed cryptocurrencies, including Baby, Dogecoin, Dogecoin (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM). These undervalued coins attracted investors who missed the Dogecoin rally from $0.0002 to nearly $0.75. On May 12, Buterin donated SHIB 50 trillion, worth $1 billion at the time, to charity and then burned 90% of the remaining tokens. He also said he would donate the remaining 10% to another worthy charity .
The price of the Chiba Inu currency in 2020
The initial price of the Shiba Inu coin when it entered the market on August 3, 2020 was $0.000000000145. Then, from October 1, 2020 to early 2021, it was worth less than $0.00000000001. The volume of SHIB transactions at that time was so low that sites such as Coin Market Cap and Coin Gekko sometimes did not record the volume of transactions, nor did data appear on the market value of this cryptocurrency.
The price of the Chiba Inu coin in 2021
The price of the Shiba Inu (SHIB) saw a lot of fluctuations in 2021. 2021 can be considered the year of the SHIB token boom. The Shiba price reached an all-time high of $0.00003791 on May 10, 2021. One of the reasons for this was the listing of SHIB on the Binance exchange, which saw a 130% growth in the Shiba Token Ino. But in the meantime, Vitalik Buterin decided to donate the fifty trillion tokens he received from the creator of Sheba to help a Corona-related fund. Then he burned the remaining 90% of his tokens. According to Coindesk. The com Vitalik Buterin did not have a significant impact on the price of the Shiba Inu token by doing so and saw only a slight decrease. During that time, the price of Al-Shiba reached 0.00001880 dollars. It then traded at $0.00016 on May 17th.
Shiba Inu (SHIB INR) Coin Price
timing Price (in US dollars) Market value yields
day 0.000874 51,509 2.68%
Lastweek 0.00102 60,079 -14.39%
last month 0.00106 62,446 -15.36%
last year 0.0006 29,952 45.61%Source / indiatimes
Predict the price of the Shiba Inu coin 2023
There is a potential for Chiba to incur a loss but it is only minimal, as it drops to $0.00038 again. According to the predictions of Shiba Inu, the maximum value of the Shiba Inu for the year 2023 could reach $ 0.000058, making it one of the most valuable cryptocurrencies in the near future.
However, according to the Shiba Inu forecast, this scenario remains pessimistic, and some experts do not agree with this volatility syndrome affecting it while proposing the Shiba Inu price predictions.
Predict the price of the Shiba Inu coin 2024
According to the Shiba Inu forecast, a jaw dropping potential exists for the Shiba Inu price as the bulls will ride in the cryptocurrency market; The Shiba Inu price is once again expected to rule the crypto kingdom with an average price performance fixed at $0.000065. In 2024, the maximum price level may be around $0.0000696, which indicates the full potential of the Shiba token to continue and grow even in adverse conditions.
Predict the price of the Shiba Inu coin 2024
Invest in Chiba Inu currency
If you are considering investing in a Shiba Inu (SHIB), we recommend doing plenty of research. This advice applies to all cryptocurrencies, tokens, or any other crypto assets.