Shiba Inu
SHIB Price
Shiba Inu (SHIB) is a blockchain-based memecoin that offers staking options and Shiboshis NFT trading... More
| Fully Diluted Valuation | $9.71B |
|---|---|
| 24H Trading Volume | $544.69M |
| 24H Low / High | $0.00001511 / $ 0.00001653 |
| Circulating Supply | 589,253,960,621,730 |
| Total Supply | 589,507,320,338,790 |
| Max Supply | 0.00 |
| Contracts |
 0x95a....4c4ce
|
|---|---|
| Categories | Meme 4 more |
| Explorer | block chain 3 more |
| Founder | Anonymous |
| Website | shibatoken.com |
| Socials | |
| Chains | ethereum |
| Exchange | Pair | OG Score | TBA | 24h Volume |
|---|
The Rise of Shiba Inu: Unveiling the Dog-Themed Crypto Phenomenon
Shiba Inu (SHIB), a meme coin born in August 2020, has emerged as a global phenomenon, captivating millions worldwide with its decentralized and community-led approach. Initially created under the pseudonym "Ryoshi," the mysterious founder has intentionally maintained anonymity, aligning with the project's vision of decentralization.
The Shiba Inu Ecosystem:
SHIB has rapidly evolved, gaining acceptance as a payment method at numerous locations, both directly and through intermediaries. The token's popularity surged with endorsements from figures like Elon Musk and Vitalik Buterin, the latter initially speculated to be the creator. However, Buterin's involvement extended to burning 90% of his SHIB holdings and donating the rest to charity.
Listing on Coinbase:
A pivotal moment came on September 17, 2021, when Coinbase, the largest U.S.-based crypto exchange, listed Shiba Inu. This move propelled SHIB's price by over 40%, bringing the meme coin into the spotlight once again.
Anonymous Creator and Unique Features:
Ryoshi, the anonymous creator, detailed Shiba Inu's genesis in the WoofPaper, emphasizing a start "from zero, with zero." The project's uniqueness lies in its goal of perpetual decentralized organization, distinct from traditional crypto structures.
ShibaSwap and Beyond:
ShibaSwap, the coin's decentralized exchange (DEX), became a crucial component of the Shiba Inu ecosystem. The roadmap includes the development of SHI, an algorithmic stablecoin pegged to one cent, and the Shibarium layer-two solution. Ryoshi envisions SHI as a global stable currency for people across countries.
Community Strength and Achievements:
Shiba Inu's community actively contributes to the project's success, fostering an artistic Shiba movement in the NFT market and supporting charitable causes. The October 2021 surge, fueled by rumors of a Robinhood listing, led SHIB to briefly surpass Dogecoin in market capitalization.
ShibaSwap's Three Tokens:
The ShibaSwap DEX revolves around three tokens – SHIB, LEASH, and BONE. Each token serves distinct purposes, with BONE acting as the governance token, allowing participation in the DAO. LEASH, initially a rebase token tied to Dogecoin, later underwent changes.
Shiba Inu's Compatibility and Roadmap:
Unlike Dogecoin, SHIB operates as an ERC-20 token on the Ethereum network, ensuring compatibility with the expansive Ethereum ecosystem. Shiba Inu's roadmap goes beyond typical memecoins, featuring a decentralized exchange, staking options, and a place for unique Shiboshis NFTs.
Conclusion:
Shiba Inu, the "Doge-killer," has transcended its meme coin origins to become a serious project with a vibrant community. Its journey, marked by partnerships, market surges, and philanthropy, reflects the dynamic landscape of the cryptocurrency world. As Shiba Inu continues to expand its ecosystem and community, the future holds intriguing possibilities for this dog-themed crypto sensation.
Shiba Inu stands out for its decentralized organization, propelled by an anonymous founder, Ryoshi, who emphasizes perpetual decentralization. The project's ecosystem includes ShibaSwap, an innovative DEX, and plans for SHI, an algorithmic stablecoin pegged to one cent, fostering a globalized exchange of value.
Shiba Inu was created anonymously by Ryoshi in August 2020. Embracing a decentralized ethos, Ryoshi remains a mysterious figure, and the project is driven by community collaboration rather than a traditional leadership structure.
Shiba Inu's initial distribution involved sending 50% of the total supply to Ethereum co-founder Vitalik Buterin, who later burned 90% and donated the rest to charity. The project's decentralized nature discourages traditional backers or investors, emphasizing community-led growth.
Shiba Inu operates as an ERC-20 token on the Ethereum network, utilizing Ethereum's consensus mechanism, which is currently Proof of Stake (PoS). The project emphasizes community participation and decentralization, steering away from traditional proof-of-work or proof-of-stake mechanisms.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Shiba Inu (SHIB) is ($589,253,960,621,730), max supply of Shiba Inu SHIB is ($0) and the market cap of Shiba Inu SHIB is ($9,707,377,987).
What is the Shiba Inu (SHIB) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Shiba Inu (SHIB) is $0.00001642. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Shiba Inu (SHIB) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Shiba Inu SHIB) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Shiba Inu (SHIB) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Shiba Inu (SHIB) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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