Shiba Inu Reaches Self Reported Market Capitalization of $7.48 Billion (SHIB)

Shiba Inu (SHIB) traded 0.5% higher against the dollar during the 24-hour period ending at 7:00 AM E.T. on March 22nd. One Shiba Inu token can now be bought for about $0.0000 or 0.00000000 BTC on major exchanges. During the last week, Shiba Inu has traded 0.6% lower against the dollar. Shiba Inu has a total market capitalization of $7.48 billion and approximately $117.97 million worth of Shiba Inu was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 0.3% higher against the dollar and now trades at $84,160.71 or 0.99907182 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 1.1% against the dollar and now trades at $83,508.44 or 0.99132875 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Shiba Inu Profile

Shiba Inu launched on August 2nd, 2020. Shiba Inu’s total supply is 589,506,834,377,486 tokens and its circulating supply is 589,552,695,333,683 tokens. Shiba Inu’s official website is shibatoken.com. Shiba Inu’s official Twitter account is @shibtoken and its Facebook page is accessible here. The official message board for Shiba Inu is medium.com/@allhailtheshiba/all-hail-the-shiba-an-experiment-in-decentralization-87e3792e92f2. The Reddit community for Shiba Inu is https://reddit.com/r/shibarmy.

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 purchase alternative cryptocurrencies such as Shiba Inu directly using U.S. dollars. Investors seeking to trade Shiba Inu should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Shiba Inu using one of the aforementioned exchanges.

SHIB/USD price chart by TradingView