Shiba Inu Price Today - SHIB Live Charts
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MarketCap$ 6,694,220,203
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Volume$ 131,981,829
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Change-1.75%
Shiba Inu
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Updated on Apr 25, 2024
Overview: What is Shiba Inu?
The Shiba Inu crypto coin was created in August 2020 by an anonymous founder, “Ryoshi”. Featuring a Japanese Shiba Inu dog as its mascot, SHIB is widely viewed as a sound alternative to Dogecoin. As a fork of the latter, SHIB sets itself apart from DOGE by being cheaper and more community-driven.
Shiba Inu runs on the Ethereum blockchain and is considered the second-largest meme cryptocurrency behind Dogecoin. About one quadrillion tokens have been created, and interestingly, SHIB is a rare cryptocurrency in that you can physically own SHIB as a gold-plated coin.
What is the Shiba Inu (SHIB) Price Prediction for 2025?
Shiba Inu price models indicate that this altcoin will experience positive, though possibly slight, growth in the next few years. For 2023, the minimum price is expected to be around $0.000005086, and the maximum estimate is about $0.000015686. By 2025, the minimum price could reach $0.000040301, while the maximum price is estimated at $0.000068832.
How is the Shiba Inu Price Determined?
The price of Shiba Inu is influenced by a variety of different things. The usual suspects determining the Shiba Inu coin price include asset flow on exchanges, project news and developments, public sentiment, community engagement, and trends in the cryptocurrency market and global economies.
Two significant developments are also set to affect Shiba Inu: the Buterin token burn and the ShibaSwap DEX launch.
SHIB originally released one quadrillion tokens. Half was given to the Ethereum co-founder Vitalik Buterin, and the other half was put into Uniswap. In 2021, Buterin revealed that he had burned 90% of his SHIB tokens. Technically, this should have boosted the token’s value. Still, when Buteriin also announced that the rest would be donated to charity, investors started to fear that the massive influx of new SHIB on the market could dilute the price.
The second development is the launch of the ShibaSwap DEX. Once it becomes active, the demand for SHIB will likely increase as users will be incentivized to stake their SHIB to earn an upcoming token called BONE. They can also farm for BONE via SHIB liquidity.
How to Buy Shiba Inu (SHIB) Safely?
Before we get into how to buy SHIB securely, it’s important to maintain realistic expectations. As with all cryptocurrencies, investing in SHIB can be risky. So, doing your research or talking to a financial advisor is a good idea, especially if you want to invest in a large amount of SHIB.
The main focus of your due diligence should be finding a reputable cryptocurrency platform. A safe site will have security measures to protect traders and transactions from hackers.
Once you have chosen a crypto exchange or broker platform, you must sign up for an account and go through the know your customer (KYC) process. Fund your account with fiat money or another cryptocurrency, and head over to the platform’s exchange to view the available Shiba pairs. SHIB is usually paired with popular cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC).
Choose the pair you want, order the amount, and wait for the order to be filled. Your new SHIB should appear in your crypto wallet within seconds.
FAQs
What will Shiba Inu coin be worth in 2025?
By 2025 I expect that Shiba Inu coin will be worth between $0.000040301 and $0.000068832.
Is SHIB coin risky?
All cryptocurrencies, the Shiba Inu coin included, are classed as risky assets. Before adding SHIB to your portfolio, it is wise to educate yourself about the risks and pitfalls of the crypto industry.
Is SHIB a good investment?
SHIB remains popular and could make a great addition to your crypto holdings, providing that you stay aware of the risks and volatility of it and cryptocurrency in general.
Should I buy Dogecoin or Shiba Inu?
This is a matter of personal preference, as both meme coins have positive attributes. Dogecoin has a larger community and a significantly higher price. But SHIB’s limited supply might be more attractive to investors.
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