Shiba Inu (SHIB)
$0.000017+2.26%
The Shiba Inu (SHIB) price can be tracked with live charts and free real-time news. At SLEX, you can learn about SHIB's place in the market, how to trade cryptocurrencies, and get lost in the world of digital currencies, which is always changing. Find out about the things that affect the price of Shiba Inus and how the market works and the news is covered in detail.
- Trade SHIB
Shiba Inu Price Real-Time Data
The live price of Shiba Inu is $0.000017, and $183.1M worth of trades happen every 24 hours. SHIB, which has a market value of $10.12B, is the current amount in circulation. Its 24-hour peak price is $0.00001729, its 24-hour low is $0.00001665.
About Shiba Inu
Shiba Inu, represented by SHIB, first appeared in August 2020 and quickly gained popularity among crypto users as a possible meme currency. Shiba Inu quickly became a huge hit, even though it started out as a fun, lighthearted spin-off of Dogecoin, which has the same Shiba Inu dog breed as its mascot. It was released without anyone knowing who it was from using the name "Ryoshi." It became very famous very quickly, in part because more people were interested in meme cryptocurrencies and because it was based on community-driven ideas.
Shiba Inu wasn't just meant to be a joke or a meme; it was made to be more than that. They saw a thriving community around it, with projects like ShibaSwap, a decentralized exchange, and other tokens like BONE and LEASH. Shiba Inu became famous very quickly, especially during the crypto boom in early 2021, when investors and traders were looking for both risky bets and ways to get involved in the community.
How the Shiba Inu Works
One thing that sets Shiba Inu apart from other meme coins, like Dogecoin, is that it uses the Ethereum system. Because it is an ERC-20 coin, it can use Ethereum's infrastructure, which is strong and flexible. Shiba Inu can be used for more than just digital currency because it can be integrated into different decentralized finance (DeFi) apps and services thanks to this base.
One important thing about Shiba Inus is that there are so many of them. Ryoshi first made a quadrillion tokens, which was done on purpose to make sure there would be a lot of them and that they would be easy to get. Additionally, Shiba Inu's ecosystem has grown to include features like staking and liquidity pooling on ShibaSwap, which make it more useful in the DeFi area.
Who Made the Shiba Inu?
The Shiba Inu was made by an unknown person or group known only as "Ryoshi." The fact that its founder is anonymous is similar to Satoshi Nakamoto, the person who created Bitcoin. This gives the project a mysterious air and a focus on the community. Ryoshi didn't want to centralize power or leadership. Instead, he wanted to promote a spread-out, group-based approach to the Shiba Inu ecosystem's growth and development. This decentralized and community-first method has been a big part of why the token is so popular and widely used.
The fact that Ryoshi chose to stay nameless has also created a unique community dynamic in which decisions and changes are often driven by the community's members rather than orders from a central figure. This way of doing things has helped SHIB holders and fans feel like they are part of a strong group, which has helped the ecosystem grow and kept people interested in the project.
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Learn more about Shiba Inu (SHIB)
FAQ
What is Shiba Inu (SHIB)?
Shiba Inu, known as SHIB, is a decentralized cryptocurrency created in August 2020. It's an Ethereum-based ERC-20 token often considered as an alternative to Dogecoin. Dubbed the "Dogecoin killer," it features the Shiba Inu dog breed as its mascot.
How does Shiba Inu (SHIB) work?
SHIB operates on the Ethereum blockchain, allowing for smart contract capabilities and integration with decentralized applications (DApps). It's a community-driven project with a massive supply, aiming to be more than just a digital currency.
Is Shiba Inu (SHIB) safe to invest in?
As with any cryptocurrency, investing in SHIB carries inherent risks, including market volatility. Potential investors should conduct thorough research and consider their risk tolerance before investing in SHIB or any other cryptocurrency.
Can Shiba Inu (SHIB) be exchanged for real money?
Yes, SHIB can be exchanged for fiat currencies on various cryptocurrency exchanges, including SLEX Exchange.
How do I buy Shiba Inu (SHIB) on SLEX Exchange?
To buy SHIB on SLEX Exchange, create and verify your account, deposit funds or link a payment method, and then place a buy order for SHIB.
How can I store my Shiba Inu (SHIB) securely after purchasing on SLEX?
After purchasing SHIB, you can store it in a secure wallet (hardware, software, or mobile) with private key access or keep it in your SLEX account if you plan on trading it.
What determines the price of 1 Shiba Inu (SHIB) in fiat currencies on SLEX?
The price of 1 SHIB is determined by market supply and demand dynamics on SLEX Exchange, along with influences from broader cryptocurrency market trends.
How accurate is the SHIB to fiat currency calculator on SLEX?
SLEX provides a SHIB to fiat currency calculator that uses real-time market data for accurate and up-to-date conversion rates.
What advantages does SLEX offer for Shiba Inu (SHIB) to fiat currency conversion without account registration?
SLEX may offer user-friendly and quick conversion services for SHIB to fiat currency, even for unregistered users, subject to certain limits and regulations.
How can I track the value of 1 SHIB on SLEX for investment purposes?
SLEX Exchange provides tools like real-time charts and market data analysis to help users track and analyze the value of SHIB for informed investment decisions.
How does SLEX ensure the best rates for Shiba Inu (SHIB) to fiat currency conversions?
SLEX uses advanced algorithms to compare rates across multiple exchanges, ensuring competitive conversion rates for SHIB to fiat currency.
What limits apply to purchasing Shiba Inu (SHIB) on SLEX with a credit card without verification?
SLEX implements limits on unverified accounts to comply with regulatory standards, with specific limits for credit card transactions detailed in their user agreement or FAQ section.
How does SLEX ensure the most current exchange rate for Shiba Inu (SHIB) is displayed?
SLEX employs real-time data feeds from various exchanges to ensure that the latest exchange rate for SHIB is always displayed on the platform.
How Much Will Shiba Inu (SHIB) Be Worth in the Future?
Predicting the future value of SHIB, like any cryptocurrency, is challenging due to market volatility. Its value will depend on factors like market adoption, technological developments within the Shiba Inu ecosystem, and overall trends in the cryptocurrency market.
