Price (USD)$ 0.00
Circulating SupplySHIB 489.56T
Volume (24h)$ 208.92593M
Market Cap$ 5.21371B
Low/High 24h$ 0.00 - $ 0.00
Change (24h)N$ AN
Shiba Inu (SHIB) is one of the most hyped cryptocurrencies to appear on the market. The project was founded in 2020 and was first launched through IEO Uniswap. It immediately received a terrifying nickname - Dogecoin Killer - because of the exponential growth of Dogecoin value. The developers intend to consolidate Shiba Inu by making the token useful as part of their project's infrastructure.
The token was first issued in August 2020 on the Ethereum blockchain, under the ERC20 standard. After 1,000,000,000,000,000,000 tokens were created, half were transferred to Uniswap and the keys were destroyed. The remaining half was sent to Vitalik Buterin's wallet. In this way, Buterin had the opportunity to solely control the value of SHIB, which would have collapsed to zero if the ETH co-founder had decided to sell his coins. But instead, Vitalik sent 50 trillion SHIB (at that time they were worth over $1 billion) to an anti-covid-19 fund in India, he burned 410 trillion SHIB and kept 70 trillion.
Today, there are several popular blockchains, including those suitable for creating decentralized applications. Many modern cryptocurrency projects are moving away from Ethereum for fear of high fees. However, Shiba Inu developers still selected this network. There are several reasons for this:
The key priority was that the project could change and strengthen freely, regardless of external rules, and Ethereum is suitable for this purpose. On its basis, a decentralized exchange ShibaSwap is created, where holders can buy, sell, exchange assets and make money off it.
The project team states that they are actively working on the creation of an entire ecosystem, the center of which will be its own decentralized exchange. ShibaSwap was launched in July 2021, but token holders can already access the upcoming NFTs, provide liquidity, stake, and swap their SHIBs. The Shiba Inu project also features two other tokens - BONE and LEASH.
On Saturday 23 April 2022, the creators of Shiba Inu token announced the commencement of the public sale of lands on its Shiba Metaverse, a virtual reality project. The so-called Shiberse will feature more than 100K land plots.
During the first two phases of the land sale, Shiba Inu recorded over 3000 new landlords with a total of 12,975 plots minted. Actually, during the Bid Event and the Holders Event, users spent 6,280 ETH to acquire lands. Plots are only sold for ETH - this won’t let the price of Shiba coin drop. Land buyers will be able to generate passive income, gather in-game resources, and generate rewards. They can also rename their plot while using and burning the dog-themed SHIB token. Aspiring purchasers need to first acquire a Shiba non-fungible token (NFT) or hold alt-SHIB token LEASH.
Even though Shiba crypto doesn't have a developed infrastructure, its price has already skyrocketed. What's more, experts believe it's just a start for this token. According to WalletInvestor, it will cost $0.000058 in five years. Furthermore, a Coin Price Forecast Center team even predicts that SHIB will reach $0.00007 at the end of 2025.
In a nutshell, Shiba Inu has quickly attracted international attention. The token is supported by a huge community of Shiba Inu crypto holders who promote this project on social media, attracting more members. However, such coins can quickly lose their value and collapse to zero if the market loses confidence in them. Users should be as careful as possible before investing in this cryptocurrency, as they can bring quick profits but can also lead to expenses if something goes wrong. So even if you believe in this token, remember about your risks while buying it to avoid losses.
Since SHIB has risen in price significantly since its launch, experts say it's better to buy Shiba Inu coin now. If you think about where to buy Shiba Inu crypto, StealthEX is the most secure platform. Choose from over 400 tokens for exchange, select a fixed or floating rate, and complete your transaction by providing only general information. Everything will take just a few minutes.
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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.