icon - Shiba Inu
SHIB Shiba Inu
+ 2.84%
$ 0.00002761
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • 10
    Shiba Inu
    $ 0.00002761
    $ 16,267,156,375
    $ 666,294,782
    0 SHIB
    + 2.84%

Shiba Inu. Price of cryptocurrency: $ 0.00002761

What is the name of the entity?
There was a very special dog.
The "DOGECOIN KILLER" is listed on the ShibaSwap, a DEX.
The meme coin gained speed and value as a community of investors was drawn in by the cute charm of the coin.
Dogecoin's Srypt-based mining algorithm is based on the same technology as Shiba Inu's. There is a swarm of dog-themed cryptocurrencies, including the SHIB token.
There were many imitations of Shiba, such as BitShiba, Shiba Fantom, Shibalana, King Shiba, Captain Shibarrow, SHIBA2K22, and many others.
On September 17, 2021, Shiba Inu was listed on the platform of the largest U.S. based exchange.
Shiba Inu has attracted more interest from other exchanges. Bitso, Mexico's biggest exchange, announced in September that it would start trading on its exchange.

The price surge led to increased adoption. The combined market shares of all the ERC-20 token held by the whales were found to be 20% by WhaleStats.
Following its popularity among small-time investors, retailers began to use SHIB as a means of payment. American electronics retailer Newegg added SHIB at the start of December. This followed the adoption of SHIB by over 500 merchants, according to payments firm CoinGate, with even ZenGo adding it to its options and a restaurant in Paris accepting it as a payment option.
A continued effort by the community to build a utility for the Shiba Inu token was one of the main reasons for the surging price of SHIB.

There are 100,595 plots of land on The Metaverse.
The parcels of lands found on SHIB: The Metaverse are categorized based on desirability. The lands in strategic areas are valued higher than the rest.

There are 17,030 lands in tier 4 of silver fur. The third tier is called the Gold Tail: 7,356 Lands. The second tier is called Platinum Paw and has 5,714 lands. There are 2,024 lands in the first tier of diamond teeth.
The launch prices of the tiers were listed below.

For (Tier 4) Silver Fur, there is 0.2 $ETH. For (Tier 3) Gold Tail, there is a small amount of $ETH. For (Tier 2) Platinum Paw, there is a small amount of $ETH. There is 1 $ETH for Diamond Teeth.
The plan was to allow the use of ETH alone.
Although users have begun to purchase SHIB lands, the metaverse will not officially launch until Shibarium, an upcoming layer 2 scaling network, is deployed. The plan is to have a layer 2 network built on top of the layer 1 network to meet the computational and memory demands.

There are pages related to this.
You can learn more about Dogecoin.
You can learn more about Dogelon Mars.
There is a dog-related meme-coin craze.
A dead cat bounce is a definition of trading.

The remaining 50% of the total token supply was burned to Vitalik Buterin in response to the gift from the Shiba Inu team.
The "Dogecoin Killer" and the "LeASH" have been described on the website.

At the beginning of May 2021, dog-themed meme token Shiba Inu saw transaction volumes in the hundreds of millions of dollars.
Vitalik Buterin, who was given half of the token supply by the developers, announced on May 13 that he was donating a large amount of the token to a charity. The two parties came to an agreement after Buterin sold his token.
There are rumors that Musk does not own any.

How is the network secured?
According to the 22-page-long SHIB's WoofPaper, the token is based on the proof-of-work ether.
In his final post to date, Ryoshi announced that Shiba Inu would develop its own solution that would be more distributed than the others.
Ryoshi said that Shibarium would be built by a very competent team with experience building such solutions.

Where can you buy shiba inu?
You can buy Shiba Inu on a number of exchanges.
The Shiba Inu currency page has a feature that allows you to check the price in your preferred currency. Alternatively, use the dedicated exchange rate page.
You can find more information about how to buy digital currency at the education portal.