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Shiba Inu

Shiba Inu SHIB

token
Shiba Inu Price (SHIB)
$0.00000951
1.36% Buy SHIB

0.00000000394 ETH

0.000000000209 BTC

Low: $0.00000920
High: $0.00000996
24h
Market Cap
$5,606,367,163
1.36%
Fully Diluted Market Cap
$5,608,689,229
1.36%
Volume
24h
$241,381,345
70.31%
Volume / Market Cap
0.0431
Circulating Supply
589,290,650,910,520 SHIB
Max Supply
--
Total Supply
589,534,725,458,440
Shiba Inu (SHIB)<\/strong><\/a> is an Ethereum-based meme coin. Shiba Inu dogs are the source of the coin's inspiration. At first, it began as a silly and cute meme coin. However, with time and an extra push of <strong>Elon Musk&rsquo;s tweets<\/strong>, it became pretty popular.<\/p>\r\n<p>Talking about Musk, his tweets, which stated that he got a Shiba Inu dog, <strong>made the Shiba Inu price skyrocket by nearly 300%. <\/strong>It&rsquo;s crazy how much a simple tweet from an influential person can do. Thus, Elon Musk is one of the main reasons why the coin became so popular and why its value grew.<\/p>\r\n<p>Shiba Inu is closely related to Dogecoin, Baby Dogecoin, and other crypto assets related to dogs. However, one of the goals of Shiba Inu is to <strong>outpace Dogecoin<\/strong> by reaching a higher market cap without reducing the SHIB price.<\/p>\r\n<p>Before moving further, keep in mind that Shiba Inu is actually a token because it&rsquo;s based on Ethereum, which means that it doesn&rsquo;t have its own blockchain. However, everyone refers to it as a coin, so I&rsquo;ll do the same. Just know that speaking in crypto terms, <strong>it&rsquo;s Shiba Inu token, not Shiba Inu coin.<\/strong><\/p>\r\n<h2>Shiba Inu Project<\/h2>\r\n<p>From simply being a small <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-memecoin/">meme coin<\/strong><\/a>, Shiba Inu turned out to become the whole ecosystem. For instance, the project developed its own decentralized exchange platform called <strong>ShibaSwap<\/strong>. The DEX allows users not only to exchange tokens but also to participate in yield farming and liquidity mining activities.<\/p>\r\n<p>Moreover, Shiba Inu has two more tokens &ndash; <strong>LEASH and BONE.<\/strong> Talking about the LEASH token, it originated as a <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-rebase/">rebase token<\/a>. <\/strong>However, its rebase feature was eventually removed. As of writing this, impressive rewards for providing the token's liquidity are promised to LEASH token holders.<\/p>\r\n<p>BONE, on the other hand, is the governance token of the Shiba Inu ecosystem. It allows members of <strong>ShibaArmy<\/strong> <em>(this is the name of the community)<\/em> to participate in the decision-making processes in <strong>Doggy DAO.<\/strong><\/p>\r\n<p>Furthermore, since the Shiba Inu community members love Shiba Inu dogs, the project has established <strong>the Shiba Inu Rescue Association. <\/strong>You can give a portion of your Amazon purchases by linking them via Amazon Smile. The Shiba Inu Rescue Association will then distribute these funds to various Shiba Inu rescue projects.<\/p>\r\n<p>Besides, the project also offers <strong>the Shiba Inu incubator.<\/strong> In a nutshell, it&rsquo;s a decentralized NFT project. It allows artists to create various arts revolving around the coin.<\/p>\r\n<p>Though it doesn&rsquo;t stop here, there are much more ideas planned for the project. For example, it&rsquo;s also planned to create an <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-algorithmic-stablecoin/">algorithmic stablecoin<\/a> called SHI.<\/strong> Though instead of one dollar (like it's the case with most stablecoins), SHI would be pegged to one cent. In an essence, it would be something similar to DAI. It&rsquo;s planned to release SHI after launching the Layer-2 solution called <strong>Shibarium<\/strong>, which is yet another project planned by the Shiba Inu community.<\/p>\r\n<h2>The Story of Shiba Inu<\/h2>\r\n<p>There is a mystery behind the person who founded Shiba Inu coin. Just like with Bitcoin creator, only the pseudonym of Shiba Inu creator is known &ndash; <strong>Ryoshi. <\/strong>There were some speculations that <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//who-is-vitalik-buterin/">Vitalik Buterin<\/strong><\/a> is the real father of Shiba Inu since half of the supply of the initial Shiba Inu launch was transferred to his wallet. However, he denied these rumors.<\/p>\r\n<p>What is especially interesting about Ryoshi is that he doesn&rsquo;t own any Shiba Inu tokens. Overall, he claims to simply be a member of the ShibaArmy without putting any titles on himself or having any major perks.<\/p>\r\n<p>Talking about the coin itself, at first, it was created mainly as an experiment. The goal of the experiment was to test how the community would handle the governance of the project. The Shiba Inu price was very low at that time.<\/p>\r\n<p>However, the coin is often referred to as a &ldquo;<strong>Dogecoin killer<\/strong>.&rdquo; This is because one of Shiba Inu coin&rsquo;s goals is to outpace Dogecoin.<\/p>\r\n<p>Besides, it actually has some benefits that might make it better than Dogecoin. One of these benefits is that, unlike Dogecoin, the Shiba Inu coin supports <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-smart-contract/">smart contracts<\/strong><\/a>, which means that it can have way more functionalities.<\/p>\r\n<h2>What Can You Do With Siba Inu Coins?<\/h2>\r\n<p>The main thing that you can do with the SHIBA coin is bury it. <strong>Burying refers to the process of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-staking/">staking. <\/strong>By burying SHIBA, LEASH, or BONE tokens you get xSHIB, xLEASH, and tBONE. These are the <strong>minted versions<\/strong> of the coins. xSHIB provides stakers with more BONE tokens and other additional rewards.&nbsp;<\/p>\r\n<p>By burying SHIB, you can receive 3% of the BONE token made with each new block of data. In addition, you can receive 0.3% of all ETH swap transaction fees processed through ShibaSwap.<\/p>\r\n<p>Though you can also dig your Shiba Inu coins. <strong>The digging process is similar to the process of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-yield-farming/">yield farming<\/a>.<\/strong> By doing that, your coins are temporarily turned into <strong>SHIB SSLP coins.<\/strong> You can earn BONE tokens by digging SHIB SSLP. When you want to un-dig your SHIB, you have to exchange your SHIB SSLP, which serves as a kind of placeholder token, back for your Shiba Inu coins.<\/p>\r\n<p>Before jumping into the Shiba Inu project (or any crypto project for that matter), it's crucial to do proper research. You can start by analyzing the Shiba Inu price on the graph above.<\/p>\r\n<h2>Shiba Inu Tokenomics<\/h2>\r\n<p>During the initial Shiba Inu coin launch, half of its supply was sent to Vitalik Buterin. The other half was sent to <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//uniswap/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Uniswap<\/strong><\/a>. The coins that reside on Uniswap are locked. Vitalik Buterin, on the other hand, burned around 90% of his coin holdings (around $7 billion at that time) and donated the remaining 10% to Covid Crypto Relief Fund in India.<\/p>\r\n<p>There&rsquo;s actually an interesting story behind this. <em>First of all, why Vitalik Buterin?<\/em> Well, he&rsquo;s <strong>one of the co-founders of Ethereum<\/strong> and the only one who still works with the project. His wallet address is public, thus, anyone can send him Ethereum-based tokens.<\/p>\r\n<p>Shiba Inu developers probably decided that it would be a good idea to send the coins to Vitalik Buterin to simply self-promote. They assumed that, if the face of Ethereum supported their project, then other people would support it too. However, it didn&rsquo;t turn out as they hoped it would. <strong>Vitalik was really skeptical<\/strong> about the Shiba Inu project, which resulted in the whole burning and donating process.<\/p>\r\n<p>Though something like this never happens without somebody noticing. Ironically, since even major media outlets covered the incident, this turned out to be the best promotion for the Shiba Inu coin, which helped to raise the SHIB price.<\/p>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/shiba-inu-shib-price","crypto_currency_info":{"id":322,"crypto_currency_id":25,"description":"Shiba Inu (SHIB) is a cryptocurrency and operates on the Ethereum platform. Shiba Inu has a current supply of 589,735,030,408,322.8 with 549,063,278,876,301.94 in circulation. The last known price of Shiba Inu is 0.00002486 USD and is up 0.91 over the last 24 hours. It is currently trading on 320 active market(s) with $1,075,806,271.57 traded over the last 24 hours. More information can be found at https:\/\/shibatoken.com\/.","tags":"[\"memes\",\"ethereum-ecosystem\",\"doggone-doggerel\"]","platform":"{\"id\":1027,\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\",\"token_address\":\"0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce\"}","category":"token","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/5994.png","original_links":"{\"website\":[\"https:\\\/\\\/shibatoken.com\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/shibtoken\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/@allhailtheshiba\\\/all-hail-the-shiba-an-experiment-in-decentralization-87e3792e92f2\"],\"chat\":[\"http:\\\/\\\/t.me\\\/shibainuthedogecoinkiller\",\"https:\\\/\\\/discord.com\\\/invite\\\/shibatoken\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/etherscan.io\\\/token\\\/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce\",\"https:\\\/\\\/solscan.io\\\/token\\\/CiKu4eHsVrc1eueVQeHn7qhXTcVu95gSQmBpX4utjL9z\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0xb1547683DA678f2e1F003A780143EC10Af8a832B\",\"https:\\\/\\\/finder.terra.money\\\/mainnet\\\/address\\\/terra1huku2lecfjhq9d00k5a8dh73gw7dwe6vvuf2dd\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/SHIBArmy\"],\"technical_doc\":[\"https:\\\/\\\/github.com\\\/shytoshikusama\\\/woofwoofpaper\\\/raw\\\/main\\\/SHIBA_INU_WOOF_WOOF.pdf\"],\"source_code\":[],\"announcement\":[]}","links":"{\"website\":{\"shibatoken.com\":\"https:\\\/\\\/shibatoken.com\\\/\"},\"community\":{\"twitter.com\":\"https:\\\/\\\/twitter.com\\\/shibtoken\",\"medium.com\":\"https:\\\/\\\/medium.com\\\/@allhailtheshiba\\\/all-hail-the-shiba-an-experiment-in-decentralization-87e3792e92f2\",\"reddit.com\":\"https:\\\/\\\/reddit.com\\\/r\\\/SHIBArmy\",\"telegram.org\":\"http:\\\/\\\/t.me\\\/shibainuthedogecoinkiller\",\"discord.com\":\"https:\\\/\\\/discord.com\\\/invite\\\/shibatoken\"},\"explorer\":{\"etherscan.io\":\"https:\\\/\\\/etherscan.io\\\/token\\\/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce\",\"solscan.io\":\"https:\\\/\\\/solscan.io\\\/token\\\/CiKu4eHsVrc1eueVQeHn7qhXTcVu95gSQmBpX4utjL9z\",\"bscscan.com\":\"https:\\\/\\\/bscscan.com\\\/token\\\/0xb1547683DA678f2e1F003A780143EC10Af8a832B\",\"finder.terra.money\":\"https:\\\/\\\/finder.terra.money\\\/mainnet\\\/address\\\/terra1huku2lecfjhq9d00k5a8dh73gw7dwe6vvuf2dd\"},\"technical_doc\":\"https:\\\/\\\/github.com\\\/shytoshikusama\\\/woofwoofpaper\\\/raw\\\/main\\\/SHIBA_INU_WOOF_WOOF.pdf\"}","data":"{\"id\":5994,\"name\":\"Shiba Inu\",\"symbol\":\"SHIB\",\"category\":\"token\",\"description\":\"Shiba Inu (SHIB) is a cryptocurrency and operates on the Ethereum platform. Shiba Inu has a current supply of 589,735,030,408,322.8 with 549,063,278,876,301.94 in circulation. The last known price of Shiba Inu is 0.00002486 USD and is up 0.91 over the last 24 hours. It is currently trading on 320 active market(s) with $1,075,806,271.57 traded over the last 24 hours. More information can be found at https:\\\/\\\/shibatoken.com\\\/.\",\"slug\":\"shiba-inu\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/5994.png\",\"subreddit\":\"SHIBArmy\",\"notice\":\"Please note that the non-ETH contract addresses on this page are [wormhole addresses](https:\\\/\\\/github.com\\\/certusone\\\/wormhole-token-list\\\/blob\\\/main\\\/content\\\/by_source.csv), which are designed to facilitate cross-chain transactions of wrapped versions of this asset.\",\"tags\":[\"memes\",\"ethereum-ecosystem\",\"doggone-doggerel\"],\"tag-names\":[\"Memes\",\"Ethereum Ecosystem\",\"Doggone Doggerel\"],\"tag-groups\":[\"INDUSTRY\",\"PLATFORM\",\"CATEGORY\"],\"urls\":{\"website\":[\"https:\\\/\\\/shibatoken.com\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/shibtoken\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/@allhailtheshiba\\\/all-hail-the-shiba-an-experiment-in-decentralization-87e3792e92f2\"],\"chat\":[\"http:\\\/\\\/t.me\\\/shibainuthedogecoinkiller\",\"https:\\\/\\\/discord.com\\\/invite\\\/shibatoken\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/etherscan.io\\\/token\\\/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce\",\"https:\\\/\\\/solscan.io\\\/token\\\/CiKu4eHsVrc1eueVQeHn7qhXTcVu95gSQmBpX4utjL9z\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0xb1547683DA678f2e1F003A780143EC10Af8a832B\",\"https:\\\/\\\/finder.terra.money\\\/mainnet\\\/address\\\/terra1huku2lecfjhq9d00k5a8dh73gw7dwe6vvuf2dd\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/SHIBArmy\"],\"technical_doc\":[\"https:\\\/\\\/github.com\\\/shytoshikusama\\\/woofwoofpaper\\\/raw\\\/main\\\/SHIBA_INU_WOOF_WOOF.pdf\"],\"source_code\":[],\"announcement\":[]},\"platform\":{\"id\":1027,\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\",\"token_address\":\"0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce\"},\"date_added\":\"2020-08-01T00:00:00.000Z\",\"twitter_username\":\"shibtoken\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[{\"contract_address\":\"0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce\",\"platform\":{\"name\":\"Ethereum\",\"coin\":{\"id\":\"1027\",\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\"}}}],\"self_reported_circulating_supply\":null,\"self_reported_tags\":null,\"self_reported_market_cap\":null}","launched_at":null,"created_at":"2022-03-25T14:20:19.000000Z","updated_at":"2023-05-18T14:34:12.000000Z"},"social_profile":{"id":25,"profilable_type":"CryptoCurrency","profilable_id":25,"twitter":"{\"name\":\"Shib\",\"username\":\"@Shibtoken\",\"follower_count\":3740967,\"following_count\":7,\"tweet_count\":970,\"created_at\":\"2021-02-01 00:00:00\"}","reddit":"{\"hot\":[]}","github":null,"telegram":"{\"title\":\"Shiba Inu: The Dogecoin Killer\",\"description\":null,\"chat_id\":\"@shibainuthedogecoinkiller\",\"member_count\":90785}","domain":"{\"domain_rating\":73,\"ahrefs_top\":62602,\"traffic\":54462.81382717485,\"website\":\"https:\\\/\\\/shibatoken.com\"}"},"buy_page":{"id":2269,"crypto_currency_id":25,"button_link":"https:\/\/www.bitdegree.org\/crypto\/goon\/binance","slug":"shiba-inu-shib","created_at":"2021-11-04T15:13:51.000000Z","updated_at":"2023-10-25T05:33:29.000000Z","content":null,"middle_cta_text":"If you want to buy Shiba Inu with a credit or debit card, you\u2019ll be able to do so by first acquiring some stablecoins for fiat money, and then trading them for SHIB tokens. This is actually a much safer and faster way to buy Shiba Inu coins than doing so on one of the multiple swap-powered platforms out there! You\u2019ll receive good exchange rates, won\u2019t have to worry about holding some ETH coins beforehand, and will also perform trades in a KYC-friendly, regulated manner!","introduction":"Most people who are looking to buy Shiba Inu coin with a credit card are trying to get in on the hype that the token in question has managed to garner. While each different altcoin has its own benefits and features, Shiba Inu has been labeled as one of the most successful tokens of the year, again and again. Thus, individuals often want to buy Shiba Inu coin with the hopes that its price will only go up.","reasons":{"titles":["The \u201cDogecoin Killer\u201d","An Alternative Investment Option","Promote Decentralized Art","Help Rescue Real-World Shiba Inu Dogs"],"texts":["Shiba Inu coin was created and marketed as the \u201cDogecoin killer\u201d. It aims to establish a stronger market presence than DOGE, while also becoming the ultimate memecoin. This attracts a lot of new people to the token, and creates somewhat of a rivalry - two crypto tokens with the same mascot, yet separate fan groups!","Evidently, one of the biggest reasons why people buy Shiba Inu coin with credit or debit cards is the potential investment opportunity that comes with the token. A huge group of individuals aim to purchase and hold Shiba Inu for some time, with the hope that the coin\u2019s price will increase, and they\u2019ll be able to sell it and make a profit!","The Shiba Inu coin community is full of talented digital artists - this is evident from all of the fanart that the token receives. If you hold Shiba Inu coins, you are able to participate in various NFT sales, and support the aforementioned community by doing so. This is a way to help budding artists get the recognition that they deserve, while also acquiring some artwork that may potentially appreciate in price, over time!","Once you find out where to buy Shiba Inu coin with a credit or debit card, you might be happy to learn that doing so could contribute to some real-world good! Specifically, the SHIB community has teamed up with Amazon Smile in order to donate part of Amazon-based sales revenue to the Shiba Inu Rescue Association. If you\u2019re a hardened dog lover, getting yourself some Shiba Inu coins could help support the cause!"]},"benefits":{"texts":["Once you decide to buy SHIB with a credit card, a vast array of different trading opportunities will open up to you! Specifically, you\u2019ll be able to trade the token for <strong><a href=https://www.bitdegree.org/"//crypto//buy-ethereum-eth/">Ethereum, as well as various other <strong><a href=https://www.bitdegree.org/"//crypto//tutorials//token-vs-coin/">crypto coins and tokens<\/a><\/strong>, too. If you plan to become an active day trader, the Shiba Inu coin can definitely be <strong>one of the more-interesting highlights of your portfolio<\/strong>! You\u2019ll also be able to trade it on both centralized, and decentralized exchanges.","Whenever you\u2019ve bought Shiba Inu coins with a debit or credit card, you will need to find <strong>a safe place to store the tokens in<\/strong>, too. One option is to keep them in the exchange that you\u2019ve bought them on - this does have its own benefits, especially for active traders. However, if you want to guarantee the best possible security for your SHIB tokens, you should always look into purchasing <strong>a hardware cryptocurrency wallet<\/strong>. Specifically, <strong><a href=https://www.bitdegree.org/"//crypto//goon//ledger-nano-x/">the Ledger Nano X supports Shiba<\/a><\/strong>!","You\u2019ve managed to buy Shiba Inu with a credit card instantly - <em>now what?<\/em> Well, among the variety of different things that you could do with your newly-acquired tokens, you may choose to <strong>spend it for certain assets<\/strong>! Specifically, the Shiba Inu coin community is known for being art lovers. You may choose to <strong><a href=https://www.bitdegree.org/"//crypto//tutorials//what-is-nft/">purchase some specific NFTs<\/strong><\/a> with your SHIB tokens! This can be done to enhance your art collection, or with the hopes that the NFTs will appreciate in price, with time.","While buying SHIB with a credit\/debit card is a popular way to acquire the tokens, that doesn\u2019t mean that you can\u2019t then send your Shiba Inu coins to other individuals! Specifically, you may choose to send SHIB to your friends or colleagues, or simply <strong>trade the token with them for some other asset or item<\/strong>. Sending SHIB is quite simple, especially if you do so from an exchange, or <strong><a href=https://www.bitdegree.org/"//crypto//goon//ledger-nano-x/">the Ledger hardware wallet<\/strong><\/a> combined with MetaMask.","It\u2019s no secret that many individuals buy Shiba Inu coins in order to <strong>sell them at a later date<\/strong>, hoping to make a profit by doing so. The Shiba Inu token is often named as one of <strong><a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency/">the most successful crypto tokens<\/strong><\/a> of the year, due to its <em>parabolic<\/em> increase in price and popularity! You may choose to purchase SHIB with a credit or debit card, and then hold it indefinitely. While it\u2019s worth keeping in mind that the token is volatile, many people still choose to do so, nonetheless!","The world of crypto is constantly growing and changing - there are <strong>new coins, tokens, and concepts being developed every other day of the week<\/strong>! This is true when it comes to Shiba, as well - the community behind the token is aiming to improve all of its aspects, and expand its use cases. It\u2019s a good idea to keep yourself informed and up-to-date with all of the latest developments of Shiba Inu - you can do so by <strong><a href=https://www.bitdegree.org/"//crypto//tutorials/">checking out some of our articles and guides<strong><\/a>!"]},"faq":{"answers":["The Shiba Inu coin is an <a href=https://www.bitdegree.org/"//crypto//buy-ethereum-eth/">Ethereum-based (<em>ERC-20<\/em>) token that was created as a &ldquo;<em><strong><a href=https://www.bitdegree.org/"//crypto//buy-dogecoin-doge/">Dogecoin killer<\/em>&rdquo;. With time, the crypto token has garnered a lot of attention from the various crypto communities around the world, and has managed to become <strong>one of the most successful crypto assets of the year<\/strong>. The community behind Shiba Inu supports small, independent artists, as well as the Shiba Inu Rescue Association.","The Shiba Inu coin is based on <a href=https://www.bitdegree.org/"//crypto//what-is-ethereum/">the Ethereum blockchain<\/strong><\/a> - this makes it <em>rather similar<\/em> to other ERC-20 tokens, as far as technical parameters are concerned. That being said, <strong>50% of the total token supply for Shiba Inu is locked in Uniswap<\/strong>, while the rest of them were sent to Vitalik Buterin, the founder of Ethereum - <em>this is probably one of the most-notable unique features of the token.<\/em>","Shiba Inu is built on <a href=https://www.bitdegree.org/"//crypto//buy-ethereum-eth/">Ethereum. Following that, the asset has <strong>two additional tokens<\/strong> associated with it - <strong>BONE<\/strong>, and <strong>LEASH<\/strong>. While you could buy Shiba Inu with a credit or debit card, you may also acquire the tokens on ShibaSwap, although <strong>this isn&rsquo;t recommended<\/strong>. Half of the total token supply for the Shiba Inu coin has been locked on Uniswap.","Shiba Inu has <strong>three major uses<\/strong>. Most people who buy Shiba with a credit card are doing so with the hopes that the token will <strong>rise in price<\/strong>, and they&rsquo;ll be able to make a profit by selling it in the future. Additionally, the Shiba Inu coin can also be used to <a href=https://www.bitdegree.org/"//crypto//tutorials//what-is-nft/">purchase NFT artwork<\/strong><\/a>, as well as <strong>support the Shiba Inu Rescue Association<\/strong>.","One of the biggest questions that crypto enthusiasts have nowadays is rather simple - <em><a href=https://www.bitdegree.org/"//crypto//tutorials//where-to-buy-shiba-coin/">is Shiba Inu coin still worth buying<\/strong><\/a>?<\/em> Most holders of the token will tell you - <strong>it is<\/strong>! While Shiba Inu is <strong>just as volatile<\/strong> as any other crypto coin or token on the current market, it does have a few specific use cases.","The best way to buy Shiba Inu coin is definitely to do so <strong>via a credit or debit card<\/strong>, <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-exchange/">on a reliable cryptocurrency exchange platform<\/strong><\/a>. While you are able to trade Shiba Inu coin on the ShibaSwap, this isn&rsquo;t recommended, since it&rsquo;s <em>not very beginner-friendly<\/em>, as well as not being as safe as doing so on one of the aforementioned top-rated exchanges."],"questions":["What is Shiba Inu?","How does Shiba differ from other cryptocurrencies?","What are the main features of Shiba?","What can Shiba be used for?","Is Shiba still worth buying?","What is the best way to buy Shiba?"]},"status":"published","url":"https:\/\/www.bitdegree.org\/crypto\/buy-shiba-inu-shib"},"halving_page":null}" :fiat-currency=""USD"">
Shiba Inu (SHIB)<\/strong><\/a> is an Ethereum-based meme coin. Shiba Inu dogs are the source of the coin's inspiration. At first, it began as a silly and cute meme coin. However, with time and an extra push of <strong>Elon Musk&rsquo;s tweets<\/strong>, it became pretty popular.<\/p>\r\n<p>Talking about Musk, his tweets, which stated that he got a Shiba Inu dog, <strong>made the Shiba Inu price skyrocket by nearly 300%. <\/strong>It&rsquo;s crazy how much a simple tweet from an influential person can do. Thus, Elon Musk is one of the main reasons why the coin became so popular and why its value grew.<\/p>\r\n<p>Shiba Inu is closely related to Dogecoin, Baby Dogecoin, and other crypto assets related to dogs. However, one of the goals of Shiba Inu is to <strong>outpace Dogecoin<\/strong> by reaching a higher market cap without reducing the SHIB price.<\/p>\r\n<p>Before moving further, keep in mind that Shiba Inu is actually a token because it&rsquo;s based on Ethereum, which means that it doesn&rsquo;t have its own blockchain. However, everyone refers to it as a coin, so I&rsquo;ll do the same. Just know that speaking in crypto terms, <strong>it&rsquo;s Shiba Inu token, not Shiba Inu coin.<\/strong><\/p>\r\n<h2>Shiba Inu Project<\/h2>\r\n<p>From simply being a small <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-memecoin/">meme coin<\/strong><\/a>, Shiba Inu turned out to become the whole ecosystem. For instance, the project developed its own decentralized exchange platform called <strong>ShibaSwap<\/strong>. The DEX allows users not only to exchange tokens but also to participate in yield farming and liquidity mining activities.<\/p>\r\n<p>Moreover, Shiba Inu has two more tokens &ndash; <strong>LEASH and BONE.<\/strong> Talking about the LEASH token, it originated as a <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-rebase/">rebase token<\/a>. <\/strong>However, its rebase feature was eventually removed. As of writing this, impressive rewards for providing the token's liquidity are promised to LEASH token holders.<\/p>\r\n<p>BONE, on the other hand, is the governance token of the Shiba Inu ecosystem. It allows members of <strong>ShibaArmy<\/strong> <em>(this is the name of the community)<\/em> to participate in the decision-making processes in <strong>Doggy DAO.<\/strong><\/p>\r\n<p>Furthermore, since the Shiba Inu community members love Shiba Inu dogs, the project has established <strong>the Shiba Inu Rescue Association. <\/strong>You can give a portion of your Amazon purchases by linking them via Amazon Smile. The Shiba Inu Rescue Association will then distribute these funds to various Shiba Inu rescue projects.<\/p>\r\n<p>Besides, the project also offers <strong>the Shiba Inu incubator.<\/strong> In a nutshell, it&rsquo;s a decentralized NFT project. It allows artists to create various arts revolving around the coin.<\/p>\r\n<p>Though it doesn&rsquo;t stop here, there are much more ideas planned for the project. For example, it&rsquo;s also planned to create an <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-algorithmic-stablecoin/">algorithmic stablecoin<\/a> called SHI.<\/strong> Though instead of one dollar (like it's the case with most stablecoins), SHI would be pegged to one cent. In an essence, it would be something similar to DAI. It&rsquo;s planned to release SHI after launching the Layer-2 solution called <strong>Shibarium<\/strong>, which is yet another project planned by the Shiba Inu community.<\/p>\r\n<h2>The Story of Shiba Inu<\/h2>\r\n<p>There is a mystery behind the person who founded Shiba Inu coin. Just like with Bitcoin creator, only the pseudonym of Shiba Inu creator is known &ndash; <strong>Ryoshi. <\/strong>There were some speculations that <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//who-is-vitalik-buterin/">Vitalik Buterin<\/strong><\/a> is the real father of Shiba Inu since half of the supply of the initial Shiba Inu launch was transferred to his wallet. However, he denied these rumors.<\/p>\r\n<p>What is especially interesting about Ryoshi is that he doesn&rsquo;t own any Shiba Inu tokens. Overall, he claims to simply be a member of the ShibaArmy without putting any titles on himself or having any major perks.<\/p>\r\n<p>Talking about the coin itself, at first, it was created mainly as an experiment. The goal of the experiment was to test how the community would handle the governance of the project. The Shiba Inu price was very low at that time.<\/p>\r\n<p>However, the coin is often referred to as a &ldquo;<strong>Dogecoin killer<\/strong>.&rdquo; This is because one of Shiba Inu coin&rsquo;s goals is to outpace Dogecoin.<\/p>\r\n<p>Besides, it actually has some benefits that might make it better than Dogecoin. One of these benefits is that, unlike Dogecoin, the Shiba Inu coin supports <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-smart-contract/">smart contracts<\/strong><\/a>, which means that it can have way more functionalities.<\/p>\r\n<h2>What Can You Do With Siba Inu Coins?<\/h2>\r\n<p>The main thing that you can do with the SHIBA coin is bury it. <strong>Burying refers to the process of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-staking/">staking. <\/strong>By burying SHIBA, LEASH, or BONE tokens you get xSHIB, xLEASH, and tBONE. These are the <strong>minted versions<\/strong> of the coins. xSHIB provides stakers with more BONE tokens and other additional rewards.&nbsp;<\/p>\r\n<p>By burying SHIB, you can receive 3% of the BONE token made with each new block of data. In addition, you can receive 0.3% of all ETH swap transaction fees processed through ShibaSwap.<\/p>\r\n<p>Though you can also dig your Shiba Inu coins. <strong>The digging process is similar to the process of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-yield-farming/">yield farming<\/a>.<\/strong> By doing that, your coins are temporarily turned into <strong>SHIB SSLP coins.<\/strong> You can earn BONE tokens by digging SHIB SSLP. When you want to un-dig your SHIB, you have to exchange your SHIB SSLP, which serves as a kind of placeholder token, back for your Shiba Inu coins.<\/p>\r\n<p>Before jumping into the Shiba Inu project (or any crypto project for that matter), it's crucial to do proper research. You can start by analyzing the Shiba Inu price on the graph above.<\/p>\r\n<h2>Shiba Inu Tokenomics<\/h2>\r\n<p>During the initial Shiba Inu coin launch, half of its supply was sent to Vitalik Buterin. The other half was sent to <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//uniswap/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Uniswap<\/strong><\/a>. The coins that reside on Uniswap are locked. Vitalik Buterin, on the other hand, burned around 90% of his coin holdings (around $7 billion at that time) and donated the remaining 10% to Covid Crypto Relief Fund in India.<\/p>\r\n<p>There&rsquo;s actually an interesting story behind this. <em>First of all, why Vitalik Buterin?<\/em> Well, he&rsquo;s <strong>one of the co-founders of Ethereum<\/strong> and the only one who still works with the project. His wallet address is public, thus, anyone can send him Ethereum-based tokens.<\/p>\r\n<p>Shiba Inu developers probably decided that it would be a good idea to send the coins to Vitalik Buterin to simply self-promote. They assumed that, if the face of Ethereum supported their project, then other people would support it too. However, it didn&rsquo;t turn out as they hoped it would. <strong>Vitalik was really skeptical<\/strong> about the Shiba Inu project, which resulted in the whole burning and donating process.<\/p>\r\n<p>Though something like this never happens without somebody noticing. Ironically, since even major media outlets covered the incident, this turned out to be the best promotion for the Shiba Inu coin, which helped to raise the SHIB price.<\/p>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/shiba-inu-shib-price","crypto_currency_info":{"id":322,"crypto_currency_id":25,"description":"Shiba Inu (SHIB) is a cryptocurrency and operates on the Ethereum platform. Shiba Inu has a current supply of 589,735,030,408,322.8 with 549,063,278,876,301.94 in circulation. The last known price of Shiba Inu is 0.00002486 USD and is up 0.91 over the last 24 hours. It is currently trading on 320 active market(s) with $1,075,806,271.57 traded over the last 24 hours. More information can be found at https:\/\/shibatoken.com\/.","tags":"[\"memes\",\"ethereum-ecosystem\",\"doggone-doggerel\"]","platform":"{\"id\":1027,\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\",\"token_address\":\"0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce\"}","category":"token","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/5994.png","original_links":"{\"website\":[\"https:\\\/\\\/shibatoken.com\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/shibtoken\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/@allhailtheshiba\\\/all-hail-the-shiba-an-experiment-in-decentralization-87e3792e92f2\"],\"chat\":[\"http:\\\/\\\/t.me\\\/shibainuthedogecoinkiller\",\"https:\\\/\\\/discord.com\\\/invite\\\/shibatoken\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/etherscan.io\\\/token\\\/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce\",\"https:\\\/\\\/solscan.io\\\/token\\\/CiKu4eHsVrc1eueVQeHn7qhXTcVu95gSQmBpX4utjL9z\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0xb1547683DA678f2e1F003A780143EC10Af8a832B\",\"https:\\\/\\\/finder.terra.money\\\/mainnet\\\/address\\\/terra1huku2lecfjhq9d00k5a8dh73gw7dwe6vvuf2dd\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/SHIBArmy\"],\"technical_doc\":[\"https:\\\/\\\/github.com\\\/shytoshikusama\\\/woofwoofpaper\\\/raw\\\/main\\\/SHIBA_INU_WOOF_WOOF.pdf\"],\"source_code\":[],\"announcement\":[]}","links":"{\"website\":{\"shibatoken.com\":\"https:\\\/\\\/shibatoken.com\\\/\"},\"community\":{\"twitter.com\":\"https:\\\/\\\/twitter.com\\\/shibtoken\",\"medium.com\":\"https:\\\/\\\/medium.com\\\/@allhailtheshiba\\\/all-hail-the-shiba-an-experiment-in-decentralization-87e3792e92f2\",\"reddit.com\":\"https:\\\/\\\/reddit.com\\\/r\\\/SHIBArmy\",\"telegram.org\":\"http:\\\/\\\/t.me\\\/shibainuthedogecoinkiller\",\"discord.com\":\"https:\\\/\\\/discord.com\\\/invite\\\/shibatoken\"},\"explorer\":{\"etherscan.io\":\"https:\\\/\\\/etherscan.io\\\/token\\\/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce\",\"solscan.io\":\"https:\\\/\\\/solscan.io\\\/token\\\/CiKu4eHsVrc1eueVQeHn7qhXTcVu95gSQmBpX4utjL9z\",\"bscscan.com\":\"https:\\\/\\\/bscscan.com\\\/token\\\/0xb1547683DA678f2e1F003A780143EC10Af8a832B\",\"finder.terra.money\":\"https:\\\/\\\/finder.terra.money\\\/mainnet\\\/address\\\/terra1huku2lecfjhq9d00k5a8dh73gw7dwe6vvuf2dd\"},\"technical_doc\":\"https:\\\/\\\/github.com\\\/shytoshikusama\\\/woofwoofpaper\\\/raw\\\/main\\\/SHIBA_INU_WOOF_WOOF.pdf\"}","data":"{\"id\":5994,\"name\":\"Shiba Inu\",\"symbol\":\"SHIB\",\"category\":\"token\",\"description\":\"Shiba Inu (SHIB) is a cryptocurrency and operates on the Ethereum platform. Shiba Inu has a current supply of 589,735,030,408,322.8 with 549,063,278,876,301.94 in circulation. The last known price of Shiba Inu is 0.00002486 USD and is up 0.91 over the last 24 hours. It is currently trading on 320 active market(s) with $1,075,806,271.57 traded over the last 24 hours. More information can be found at https:\\\/\\\/shibatoken.com\\\/.\",\"slug\":\"shiba-inu\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/5994.png\",\"subreddit\":\"SHIBArmy\",\"notice\":\"Please note that the non-ETH contract addresses on this page are [wormhole addresses](https:\\\/\\\/github.com\\\/certusone\\\/wormhole-token-list\\\/blob\\\/main\\\/content\\\/by_source.csv), which are designed to facilitate cross-chain transactions of wrapped versions of this asset.\",\"tags\":[\"memes\",\"ethereum-ecosystem\",\"doggone-doggerel\"],\"tag-names\":[\"Memes\",\"Ethereum Ecosystem\",\"Doggone Doggerel\"],\"tag-groups\":[\"INDUSTRY\",\"PLATFORM\",\"CATEGORY\"],\"urls\":{\"website\":[\"https:\\\/\\\/shibatoken.com\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/shibtoken\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/@allhailtheshiba\\\/all-hail-the-shiba-an-experiment-in-decentralization-87e3792e92f2\"],\"chat\":[\"http:\\\/\\\/t.me\\\/shibainuthedogecoinkiller\",\"https:\\\/\\\/discord.com\\\/invite\\\/shibatoken\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/etherscan.io\\\/token\\\/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce\",\"https:\\\/\\\/solscan.io\\\/token\\\/CiKu4eHsVrc1eueVQeHn7qhXTcVu95gSQmBpX4utjL9z\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0xb1547683DA678f2e1F003A780143EC10Af8a832B\",\"https:\\\/\\\/finder.terra.money\\\/mainnet\\\/address\\\/terra1huku2lecfjhq9d00k5a8dh73gw7dwe6vvuf2dd\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/SHIBArmy\"],\"technical_doc\":[\"https:\\\/\\\/github.com\\\/shytoshikusama\\\/woofwoofpaper\\\/raw\\\/main\\\/SHIBA_INU_WOOF_WOOF.pdf\"],\"source_code\":[],\"announcement\":[]},\"platform\":{\"id\":1027,\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\",\"token_address\":\"0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce\"},\"date_added\":\"2020-08-01T00:00:00.000Z\",\"twitter_username\":\"shibtoken\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[{\"contract_address\":\"0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce\",\"platform\":{\"name\":\"Ethereum\",\"coin\":{\"id\":\"1027\",\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\"}}}],\"self_reported_circulating_supply\":null,\"self_reported_tags\":null,\"self_reported_market_cap\":null}","launched_at":null,"created_at":"2022-03-25T14:20:19.000000Z","updated_at":"2023-05-18T14:34:12.000000Z"},"social_profile":{"id":25,"profilable_type":"CryptoCurrency","profilable_id":25,"twitter":"{\"name\":\"Shib\",\"username\":\"@Shibtoken\",\"follower_count\":3740967,\"following_count\":7,\"tweet_count\":970,\"created_at\":\"2021-02-01 00:00:00\"}","reddit":"{\"hot\":[]}","github":null,"telegram":"{\"title\":\"Shiba Inu: The Dogecoin Killer\",\"description\":null,\"chat_id\":\"@shibainuthedogecoinkiller\",\"member_count\":90785}","domain":"{\"domain_rating\":73,\"ahrefs_top\":62602,\"traffic\":54462.81382717485,\"website\":\"https:\\\/\\\/shibatoken.com\"}"},"buy_page":{"id":2269,"crypto_currency_id":25,"button_link":"https:\/\/www.bitdegree.org\/crypto\/goon\/binance","slug":"shiba-inu-shib","created_at":"2021-11-04T15:13:51.000000Z","updated_at":"2023-10-25T05:33:29.000000Z","content":null,"middle_cta_text":"If you want to buy Shiba Inu with a credit or debit card, you\u2019ll be able to do so by first acquiring some stablecoins for fiat money, and then trading them for SHIB tokens. This is actually a much safer and faster way to buy Shiba Inu coins than doing so on one of the multiple swap-powered platforms out there! You\u2019ll receive good exchange rates, won\u2019t have to worry about holding some ETH coins beforehand, and will also perform trades in a KYC-friendly, regulated manner!","introduction":"Most people who are looking to buy Shiba Inu coin with a credit card are trying to get in on the hype that the token in question has managed to garner. While each different altcoin has its own benefits and features, Shiba Inu has been labeled as one of the most successful tokens of the year, again and again. Thus, individuals often want to buy Shiba Inu coin with the hopes that its price will only go up.","reasons":{"titles":["The \u201cDogecoin Killer\u201d","An Alternative Investment Option","Promote Decentralized Art","Help Rescue Real-World Shiba Inu Dogs"],"texts":["Shiba Inu coin was created and marketed as the \u201cDogecoin killer\u201d. It aims to establish a stronger market presence than DOGE, while also becoming the ultimate memecoin. This attracts a lot of new people to the token, and creates somewhat of a rivalry - two crypto tokens with the same mascot, yet separate fan groups!","Evidently, one of the biggest reasons why people buy Shiba Inu coin with credit or debit cards is the potential investment opportunity that comes with the token. A huge group of individuals aim to purchase and hold Shiba Inu for some time, with the hope that the coin\u2019s price will increase, and they\u2019ll be able to sell it and make a profit!","The Shiba Inu coin community is full of talented digital artists - this is evident from all of the fanart that the token receives. If you hold Shiba Inu coins, you are able to participate in various NFT sales, and support the aforementioned community by doing so. This is a way to help budding artists get the recognition that they deserve, while also acquiring some artwork that may potentially appreciate in price, over time!","Once you find out where to buy Shiba Inu coin with a credit or debit card, you might be happy to learn that doing so could contribute to some real-world good! Specifically, the SHIB community has teamed up with Amazon Smile in order to donate part of Amazon-based sales revenue to the Shiba Inu Rescue Association. If you\u2019re a hardened dog lover, getting yourself some Shiba Inu coins could help support the cause!"]},"benefits":{"texts":["Once you decide to buy SHIB with a credit card, a vast array of different trading opportunities will open up to you! Specifically, you\u2019ll be able to trade the token for <strong><a href=https://www.bitdegree.org/"//crypto//buy-ethereum-eth/">Ethereum, as well as various other <strong><a href=https://www.bitdegree.org/"//crypto//tutorials//token-vs-coin/">crypto coins and tokens<\/a><\/strong>, too. If you plan to become an active day trader, the Shiba Inu coin can definitely be <strong>one of the more-interesting highlights of your portfolio<\/strong>! You\u2019ll also be able to trade it on both centralized, and decentralized exchanges.","Whenever you\u2019ve bought Shiba Inu coins with a debit or credit card, you will need to find <strong>a safe place to store the tokens in<\/strong>, too. One option is to keep them in the exchange that you\u2019ve bought them on - this does have its own benefits, especially for active traders. However, if you want to guarantee the best possible security for your SHIB tokens, you should always look into purchasing <strong>a hardware cryptocurrency wallet<\/strong>. Specifically, <strong><a href=https://www.bitdegree.org/"//crypto//goon//ledger-nano-x/">the Ledger Nano X supports Shiba<\/a><\/strong>!","You\u2019ve managed to buy Shiba Inu with a credit card instantly - <em>now what?<\/em> Well, among the variety of different things that you could do with your newly-acquired tokens, you may choose to <strong>spend it for certain assets<\/strong>! Specifically, the Shiba Inu coin community is known for being art lovers. You may choose to <strong><a href=https://www.bitdegree.org/"//crypto//tutorials//what-is-nft/">purchase some specific NFTs<\/strong><\/a> with your SHIB tokens! This can be done to enhance your art collection, or with the hopes that the NFTs will appreciate in price, with time.","While buying SHIB with a credit\/debit card is a popular way to acquire the tokens, that doesn\u2019t mean that you can\u2019t then send your Shiba Inu coins to other individuals! Specifically, you may choose to send SHIB to your friends or colleagues, or simply <strong>trade the token with them for some other asset or item<\/strong>. Sending SHIB is quite simple, especially if you do so from an exchange, or <strong><a href=https://www.bitdegree.org/"//crypto//goon//ledger-nano-x/">the Ledger hardware wallet<\/strong><\/a> combined with MetaMask.","It\u2019s no secret that many individuals buy Shiba Inu coins in order to <strong>sell them at a later date<\/strong>, hoping to make a profit by doing so. The Shiba Inu token is often named as one of <strong><a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency/">the most successful crypto tokens<\/strong><\/a> of the year, due to its <em>parabolic<\/em> increase in price and popularity! You may choose to purchase SHIB with a credit or debit card, and then hold it indefinitely. While it\u2019s worth keeping in mind that the token is volatile, many people still choose to do so, nonetheless!","The world of crypto is constantly growing and changing - there are <strong>new coins, tokens, and concepts being developed every other day of the week<\/strong>! This is true when it comes to Shiba, as well - the community behind the token is aiming to improve all of its aspects, and expand its use cases. It\u2019s a good idea to keep yourself informed and up-to-date with all of the latest developments of Shiba Inu - you can do so by <strong><a href=https://www.bitdegree.org/"//crypto//tutorials/">checking out some of our articles and guides<strong><\/a>!"]},"faq":{"answers":["The Shiba Inu coin is an <a href=https://www.bitdegree.org/"//crypto//buy-ethereum-eth/">Ethereum-based (<em>ERC-20<\/em>) token that was created as a &ldquo;<em><strong><a href=https://www.bitdegree.org/"//crypto//buy-dogecoin-doge/">Dogecoin killer<\/em>&rdquo;. With time, the crypto token has garnered a lot of attention from the various crypto communities around the world, and has managed to become <strong>one of the most successful crypto assets of the year<\/strong>. The community behind Shiba Inu supports small, independent artists, as well as the Shiba Inu Rescue Association.","The Shiba Inu coin is based on <a href=https://www.bitdegree.org/"//crypto//what-is-ethereum/">the Ethereum blockchain<\/strong><\/a> - this makes it <em>rather similar<\/em> to other ERC-20 tokens, as far as technical parameters are concerned. That being said, <strong>50% of the total token supply for Shiba Inu is locked in Uniswap<\/strong>, while the rest of them were sent to Vitalik Buterin, the founder of Ethereum - <em>this is probably one of the most-notable unique features of the token.<\/em>","Shiba Inu is built on <a href=https://www.bitdegree.org/"//crypto//buy-ethereum-eth/">Ethereum. Following that, the asset has <strong>two additional tokens<\/strong> associated with it - <strong>BONE<\/strong>, and <strong>LEASH<\/strong>. While you could buy Shiba Inu with a credit or debit card, you may also acquire the tokens on ShibaSwap, although <strong>this isn&rsquo;t recommended<\/strong>. Half of the total token supply for the Shiba Inu coin has been locked on Uniswap.","Shiba Inu has <strong>three major uses<\/strong>. Most people who buy Shiba with a credit card are doing so with the hopes that the token will <strong>rise in price<\/strong>, and they&rsquo;ll be able to make a profit by selling it in the future. Additionally, the Shiba Inu coin can also be used to <a href=https://www.bitdegree.org/"//crypto//tutorials//what-is-nft/">purchase NFT artwork<\/strong><\/a>, as well as <strong>support the Shiba Inu Rescue Association<\/strong>.","One of the biggest questions that crypto enthusiasts have nowadays is rather simple - <em><a href=https://www.bitdegree.org/"//crypto//tutorials//where-to-buy-shiba-coin/">is Shiba Inu coin still worth buying<\/strong><\/a>?<\/em> Most holders of the token will tell you - <strong>it is<\/strong>! While Shiba Inu is <strong>just as volatile<\/strong> as any other crypto coin or token on the current market, it does have a few specific use cases.","The best way to buy Shiba Inu coin is definitely to do so <strong>via a credit or debit card<\/strong>, <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-exchange/">on a reliable cryptocurrency exchange platform<\/strong><\/a>. While you are able to trade Shiba Inu coin on the ShibaSwap, this isn&rsquo;t recommended, since it&rsquo;s <em>not very beginner-friendly<\/em>, as well as not being as safe as doing so on one of the aforementioned top-rated exchanges."],"questions":["What is Shiba Inu?","How does Shiba differ from other cryptocurrencies?","What are the main features of Shiba?","What can Shiba be used for?","Is Shiba still worth buying?","What is the best way to buy Shiba?"]},"status":"published","url":"https:\/\/www.bitdegree.org\/crypto\/buy-shiba-inu-shib"},"halving_page":null}" :fiat-currency="{"name":"US Dollar","logo":"crypto-prices\/fiat-logos\/USD.svg","currency_code":"USD","sign":"$","price":1}" :fiat-currencies="[{"name":"US Dollar","currency_code":"USD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/USD.svg","price":"1.00"},{"name":"Australian Dollar","currency_code":"AUD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/AUD.svg","price":"1.48"},{"name":"Brazilian 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Som","currency_code":"UZS","sign":"so'm","logo":"\/crypto-prices\/fiat-logos\/UZS.svg","price":"12339.20"},{"name":"Sovereign Bolivar","currency_code":"VES","sign":"Bs.","logo":"\/crypto-prices\/fiat-logos\/VES.svg","price":"35.74"}]" buy-url="">

Shiba Inu (SHIB) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.05%

Joined at Feb 01, 2021

Following

7

0.00%

Tweet count

970

0.94%

Shiba Inu reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Shiba Inu (SHIB) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Shiba Inu telegram
Telegram Stats
Visit Telegram

Members

0.67%

Title

Shiba Inu: The Dogecoin Killer

Shiba Inu traffic
Website Traffic
Visit Website

Website Rating (DR)

73 / 100

0.00%

Ahrefs Rank

62,602

7.44%

Organic Traffic (mo.)

54,463

Shiba Inu github
GitHub Organization

Public repos

-

Type

-

Currently, official Shiba Inu (SHIB) GitHub Organization account doesn’t exist or wasn’t submitted. 🔆

Shiba Inu github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Shiba Inu (SHIB) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 3,740,967

Members: 90,785

Shiba Inu Price Statistics

Shiba Inu Price
$0.00000951
Price Change 24h
$0.000000129
1.36%
24h Low / 24h High
$0.00000920 /
$0.00000996
All Time High
Oct 28, 2021 (2 years 2 months ago)
$0.0000885
89.24%
All Time Low
Aug 27, 2020 (3 years 4 months ago)
$0.0000000000817
11,651,774.45%
Trading Volume 24h
$241,381,345
70.31%
Volume / Market Cap
0.0431
Market Dominance
0.32%
Market Rank
#19
Market Cap
$5,606,367,163
1.36%
Fully Diluted Market Cap
$5,608,689,229
1.36%

Live SHIB Price Analysis

The current real time Shiba Inu price is $0.00000951, and its trading volume is $241,381,345 in the last 24 hours. SHIB price has grew by 1.36% in the last day, and decreased by 10.54% in the last 7 days. It’s important to note that current Shiba Inu market capitalization is $5,606,367,163, Talking about circulating supply, SHIB has 589,290,650,910,520 coins. Currently, Shiba Inu rank on the market is #19.

Shiba Inu price today is 89.24% below all time high, and it is 11,651,774.45% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling SHIB are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is Shiba Inu?

Shiba Inu (SHIB) is an Ethereum-based meme coin. Shiba Inu dogs are the source of the coin's inspiration. At first, it began as a silly and cute meme coin. However, with time and an extra push of Elon Musk’s tweets, it became pretty popular.

Talking about Musk, his tweets, which stated that he got a Shiba Inu dog, made the Shiba Inu price skyrocket by nearly 300%. It’s crazy how much a simple tweet from an influential person can do. Thus, Elon Musk is one of the main reasons why the coin became so popular and why its value grew.

Shiba Inu is closely related to Dogecoin, Baby Dogecoin, and other crypto assets related to dogs. However, one of the goals of Shiba Inu is to outpace Dogecoin by reaching a higher market cap without reducing the SHIB price.

Before moving further, keep in mind that Shiba Inu is actually a token because it’s based on Ethereum, which means that it doesn’t have its own blockchain. However, everyone refers to it as a coin, so I’ll do the same. Just know that speaking in crypto terms, it’s Shiba Inu token, not Shiba Inu coin.

Shiba Inu Project

From simply being a small meme coin, Shiba Inu turned out to become the whole ecosystem. For instance, the project developed its own decentralized exchange platform called ShibaSwap. The DEX allows users not only to exchange tokens but also to participate in yield farming and liquidity mining activities.

Moreover, Shiba Inu has two more tokens – LEASH and BONE. Talking about the LEASH token, it originated as a rebase token. However, its rebase feature was eventually removed. As of writing this, impressive rewards for providing the token's liquidity are promised to LEASH token holders.

BONE, on the other hand, is the governance token of the Shiba Inu ecosystem. It allows members of ShibaArmy (this is the name of the community) to participate in the decision-making processes in Doggy DAO.

Furthermore, since the Shiba Inu community members love Shiba Inu dogs, the project has established the Shiba Inu Rescue Association. You can give a portion of your Amazon purchases by linking them via Amazon Smile. The Shiba Inu Rescue Association will then distribute these funds to various Shiba Inu rescue projects.

Besides, the project also offers the Shiba Inu incubator. In a nutshell, it’s a decentralized NFT project. It allows artists to create various arts revolving around the coin.

Though it doesn’t stop here, there are much more ideas planned for the project. For example, it’s also planned to create an algorithmic stablecoin called SHI. Though instead of one dollar (like it's the case with most stablecoins), SHI would be pegged to one cent. In an essence, it would be something similar to DAI. It’s planned to release SHI after launching the Layer-2 solution called Shibarium, which is yet another project planned by the Shiba Inu community.

The Story of Shiba Inu

There is a mystery behind the person who founded Shiba Inu coin. Just like with Bitcoin creator, only the pseudonym of Shiba Inu creator is known – Ryoshi. There were some speculations that Vitalik Buterin is the real father of Shiba Inu since half of the supply of the initial Shiba Inu launch was transferred to his wallet. However, he denied these rumors.

What is especially interesting about Ryoshi is that he doesn’t own any Shiba Inu tokens. Overall, he claims to simply be a member of the ShibaArmy without putting any titles on himself or having any major perks.

Talking about the coin itself, at first, it was created mainly as an experiment. The goal of the experiment was to test how the community would handle the governance of the project. The Shiba Inu price was very low at that time.

However, the coin is often referred to as a “Dogecoin killer.” This is because one of Shiba Inu coin’s goals is to outpace Dogecoin.

Besides, it actually has some benefits that might make it better than Dogecoin. One of these benefits is that, unlike Dogecoin, the Shiba Inu coin supports smart contracts, which means that it can have way more functionalities.

What Can You Do With Siba Inu Coins?

The main thing that you can do with the SHIBA coin is bury it. Burying refers to the process of staking. By burying SHIBA, LEASH, or BONE tokens you get xSHIB, xLEASH, and tBONE. These are the minted versions of the coins. xSHIB provides stakers with more BONE tokens and other additional rewards. 

By burying SHIB, you can receive 3% of the BONE token made with each new block of data. In addition, you can receive 0.3% of all ETH swap transaction fees processed through ShibaSwap.

Though you can also dig your Shiba Inu coins. The digging process is similar to the process of yield farming. By doing that, your coins are temporarily turned into SHIB SSLP coins. You can earn BONE tokens by digging SHIB SSLP. When you want to un-dig your SHIB, you have to exchange your SHIB SSLP, which serves as a kind of placeholder token, back for your Shiba Inu coins.

Before jumping into the Shiba Inu project (or any crypto project for that matter), it's crucial to do proper research. You can start by analyzing the Shiba Inu price on the graph above.

Shiba Inu Tokenomics

During the initial Shiba Inu coin launch, half of its supply was sent to Vitalik Buterin. The other half was sent to Uniswap. The coins that reside on Uniswap are locked. Vitalik Buterin, on the other hand, burned around 90% of his coin holdings (around $7 billion at that time) and donated the remaining 10% to Covid Crypto Relief Fund in India.

There’s actually an interesting story behind this. First of all, why Vitalik Buterin? Well, he’s one of the co-founders of Ethereum and the only one who still works with the project. His wallet address is public, thus, anyone can send him Ethereum-based tokens.

Shiba Inu developers probably decided that it would be a good idea to send the coins to Vitalik Buterin to simply self-promote. They assumed that, if the face of Ethereum supported their project, then other people would support it too. However, it didn’t turn out as they hoped it would. Vitalik was really skeptical about the Shiba Inu project, which resulted in the whole burning and donating process.

Though something like this never happens without somebody noticing. Ironically, since even major media outlets covered the incident, this turned out to be the best promotion for the Shiba Inu coin, which helped to raise the SHIB price.

What's Shiba Inu trading volume in the last 24 hours?

SHIB has a trading volume of $241,381,345 in the last 24 hours.

What's Shiba Inu highest price ever?

SHIB has a highest price of $0.0000885, which was reached on Oct 28, 2021 (2 years 2 months ago).

What's Shiba Inu lowest price ever?

SHIB has a lowest price of $0.0000000000817, which was reached on Aug 27, 2020 (3 years 4 months ago).

What are the best exchanges for buying and selling SHIB?

Currently, the most active and dominating exchanges for buying and selling Shiba Inu are Binance, Kraken & Kucoin. The most popular Shiba Inu trading pairs are SHIB/USDT (on Binance ), SHIB/USD (on Coinbase ), SHIB/USDT (on OKX ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping SHIB?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Shiba Inu. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Shiba Inu project's Circulating Supply has been verified and is equal to:

Circulating Supply

589,290,650,910,520 SHIB

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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Current price of Shiba Inu is $0.00000951

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