Shiba Inu (SHIB) Market Capitalization Hits $6.18 Billion

Shiba Inu (SHIB) traded down 5.1% against the U.S. dollar during the twenty-four hour period ending at 13:00 PM E.T. on January 25th. One Shiba Inu token can now be bought for about $0.0000 or 0.00000000 BTC on cryptocurrency exchanges. During the last seven days, Shiba Inu has traded 2.7% lower against the U.S. dollar. Shiba Inu has a total market cap of $6.18 billion and $299.19 million worth of Shiba Inu was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed during the last day:

  • Aidi Finance (BSC) (AIDI) traded down 5.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded down 4.1% against the dollar and now trades at $0.0589 or 0.00000261 BTC.
  • CareCoin (CARES) traded down 4.1% against the dollar and now trades at $0.0731 or 0.00000324 BTC.
  • OmniaVerse (OMNIA) traded 61.3% higher against the dollar and now trades at $0.0033 or 0.00000015 BTC.
  • Kitty Inu (KITTY) traded down 4.1% against the dollar and now trades at $90.46 or 0.00400571 BTC.
  • Lunar (LNR) traded 2.8% lower against the dollar and now trades at $0.0282 or 0.00000125 BTC.
  • Hokkaidu Inu (HOKK) traded up 15.9% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
  • QANplatform (QANX) traded down 4.1% against the dollar and now trades at $6,349.67 or 0.28117128 BTC.
  • 2G Carbon Coin (2GCC) traded 0.4% higher against the dollar and now trades at $135.60 or 0.00600454 BTC.
  • Lego Coin (LEGO) traded 1.6% lower against the dollar and now trades at $0.0404 or 0.00000179 BTC.

Shiba Inu Profile

Shiba Inu’s launch date was August 2nd, 2020. Shiba Inu’s total supply is 589,735,030,408,323 tokens and its circulating supply is 549,063,278,876,302 tokens. Shiba Inu’s official Twitter account is @shibtoken and its Facebook page is accessible here. The official website for Shiba Inu is shibatoken.com. The Reddit community for Shiba Inu is https://reddit.com/r/shibarmy. Shiba Inu’s official message board is medium.com/@allhailtheshiba/all-hail-the-shiba-an-experiment-in-decentralization-87e3792e92f2.

According to CryptoCompare, “What is Shiba Inu (SHIB)?Shiba Inu (SHIB) is a meme-inspired cryptocurrency developed to be a community project run 100% by its community. The cryptocurrency is an Ethereum-based alternative to Dogecoin (DOGE). It features a Shiba Inu, a Japanese breed of hunting dog, as its mascot.Being a memecoin, just like Dogecoin, Shiba Inu is associated with the Shiba Inu dog meme, These types of cryptocurrencies are launched as parodies or as a joke but often end up having real-world value and utility.SHIB was designed to be abundant, with one quadrillion tokens making up its initial circulating supply. Its ecosystem has since developed a number of way to burn tokens and reduce its circulating supply.Who Created Shiba Inu?Shiba Inu was created in August 2020 by an anonymous individual or group called Ryoshi. Ryoshi has since left the meme-inspired cryptocurrency to its community, which has kept on developing the Shiba Inu ecosystem.Ryoshi has attributed the launch of SHIB as an “experiment in decentralized spontaneous community building,” and since then, the cryptocurrency has grown to have over one million holders on the Ethereum network.According to Ryoshi, the Shiba Inu ecosystem was launched on top of the Ethereum blockchain because it was already a secure, well-established blockchain that allowed decentralized projects to be built on top of it.How Does SHIB Differ From DOGE?While Dogecoin has its own blockchain, Shiba Inu was built on top of the Ethereum blockchain and has allowed its community to launch a number of tokens and applications surrounding it that do not support DOGE.The Shiba Inu ecosystem features three different cryptocurrencies:   Shiba Inu (SHIB) – The project’s native token with a supply of one quadrillion. Half of its initial supply was locked on the decentralized exchange Uniswap for liquidity, and another half was sent to Ethereum co-founder Vitalik Buterin, Buterin donated 50 trillion SHIB to a COVID-19 relief fund in India, and burned 40% of the cryptocurrency’s total supply.   Leash (LEASH) – LEASH is the native currency of ShibaSwap, the Shiba Inu ecosystem’s decentralized exchange. It was first launched as a rebase coin tracking the price of DOGE, but was soon unleashed. Its circulating supply is of 107,646 tokens.   Bone (BONE) – BONE is the governance token of the Shiba Inu ecosystem and is set to allow SHIB investors to make governance proposals and vote on them. Its circulating supply is of 250 million.Apart from these tokens, the Shiba Inu ecosystem includes the previously mentioned exchange ShibaSwap, non-fungible tokens (NFTs), an upcoming Metaverse, play-to-earn games, and is set to soon have a decentralized autonomous organization (DAO) called the DoggyDAO, allowing for decentralized governance.”

Buying and Selling Shiba Inu

It is usually not currently possible to buy alternative cryptocurrencies such as Shiba Inu directly using US dollars. Investors seeking to acquire Shiba Inu should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Shiba Inu using one of the exchanges listed above.

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