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Shiba Inu (SHIB) Price

SHIB

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Please note: like most trading venues, we display the current mid-market rates in our price charts. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is always a slight difference between the mid-market and the current bid or ask prices. This is a natural result of how Exchange order books work.

About Shiba Inu (SHIB)

An Ethereum-run memecoin inspired by Dogecoin, Shiba Inu (SHIB) is emblematic of crypto – volatile, hard to explain, and not for everyone.

And yet, with a market capitalization of $19 billion (as of mid-December 2021), SHIB is the 13th-largest coin, according to CoinGecko.

Inherent to what makes SHIB valuable is the cache it has within its community, convinced that "memes have value," as Bloomberg has pointed out. That’s especially true when an inside joke goes viral as a form of tokenized trendiness.

Categorising SHIB as a memecoin glosses over the traction it has gained as a payment coin. Unquestionably, though, hype has helped SHIB at every twist and turn during its stunning rise.

Because SHIB is issued as an Ethereum token, as Blockzeit explained, there is the potential for SHIB to be incorporated into ETH-based DeFi applications and NFT marketplaces.

SHIB was launched in 2020 by an anonymous developer known only as Ryoshi, according to Investopedia.

In its “Woof Paper,” Ryoshi called SHIB "an experiment in decentralized, spontaneous community building."

Spontaneity is a hallmark of many a meme asset, but what really makes them go is a steady diet of publicity.

SHIB sprang to life in May of 2021 by way of a headline-grabbing gift – half of SHIB's entire supply, in the trillions – left on the doorstep of Ethereum co-founder Vitalik Buterin, who later donated the unexpected trove (worth $1 billion) to Covid-relief efforts in India. A decentralized community-building experiment was born.

Supportive tweets from Tesla CEO Elon Musk didn't hurt, as Fortune said.

Important exchange listings followed. For example, Kraken, seeing surging demand among traders, decided to throw support to SHIB when some other venues, worried about volatility, kept their distance. That Kraken listing was in November 2021, coinciding with the total number of SHIB holders reportedly surpassing one million.

In early December, technology retailer Newegg announced it would begin accepting Shiba Inu as payment, Fortune said.

How to buy Shiba Inu (SHIB)

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1. Go to Uphold.com and click sign up.

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