Shiba Inu Coinmarketcap: Latest Price Updates Live

Hold on tight, crypto fans! Shiba Inu (SHIB) is making waves in the digital token world. Its market performance keeps investors on their toes. SHIB now trades at $0.00001368, up 1.74% in the last day¹.

A big player on Upbit owns 47.11 trillion SHIB tokens. That’s worth a whopping $625.7 million¹. This amount is 4.71% of all SHIB tokens out there.

SHIB ranks among the top 20 cryptocurrencies on Upbit by trading volume¹. These numbers give investors a quick look at SHIB’s market status on Coinmarketcap.

Key Takeaways

• Shiba Inu currently priced at $0.00001368
• 1.74% price increase in the last 24 hours
• Upbit wallet holds 47.11 trillion SHIB tokens
• SHIB represents a top 20 cryptocurrency by volume
• Consistent market activity signals ongoing investor interest

Introduction to Shiba Inu Cryptocurrency

Shiba Inu crypto has taken the digital currency world by storm. This unique cryptocurrency quickly rose to fame in the digital token landscape. It’s now more than just another meme coin².

What Exactly is Shiba Inu?

Shiba Inu is an Ethereum-based token that aims to be a “shiba inu doge killer”². An anonymous developer known as Ryoshi created it in August 2020.

The digital currency quickly gained popularity among crypto fans and meme coin lovers. Its unique features have set it apart in the crowded cryptocurrency market.

A Unique Cryptocurrency Journey

The coin’s story includes some impressive milestones:

• Launched as an alternative to Dogecoin
• Currently valued at $0.000018²
• Reached an all-time high of $0.000088 in 2021²

Key Features That Set Shiba Inu Apart

Shiba Inu’s ecosystem includes unique elements that make it stand out. These features have helped it grow beyond its meme coin roots.

1. TREAT token introduction²
2. SHIB: The Metaverse platform²
3. An innovative token burn mechanism²

The cryptocurrency continues to evolve, demonstrating its potential beyond initial meme coin perceptions.

Shiba Inu keeps growing with new developments like Shibarium integration. The blockchain-based game Shiba Eternity is another exciting addition to its ecosystem.

These ongoing projects show that Shiba Inu is more than a passing trend. It’s carving out a unique space in the crypto world.

Current Price Analysis

Shiba Inu’s crypto world is thrilling. Let’s explore the latest insights into SHIB’s price and market performance.

Live Price Updates

Shiba Inu is making waves in the crypto market. It’s a key player among meme coins³.

SHIB shows remarkable resilience. Recent data reveals some intriguing trends⁴.

• Current trading value hovering around $0.00002276⁴
• Gained more than 9% in recent market movements⁴
• Significant trading volume with exchanges seeing $1.65 million in SHIB inflows³

Historical Price Movements

SHIB’s market cap tells a story of growth. Price fluctuations reveal a fascinating journey:

• August 2024 low: $0.00001083⁴
• December 2024 high: $0.00003341⁴
• Potential breakout could lead to significant price increases⁴

Price Comparison Insights

Shiba Inu shows unique market traits compared to other cryptos⁴. Its performance stands out in the field.

• 8% weekly rise compared to XRP’s 43% and Dogecoin’s 18%⁴
• Analysts predict potential tenfold price increase⁴
• Target price projections reaching $0.00023 by some experts⁴

Crypto markets are volatile, and past performance doesn’t guarantee future results.

Investors watch Shiba Inu closely. They track its growth potential and market impact with great interest.

Market Statistics

Shiba Inu’s market dynamics fascinate investors and enthusiasts alike. This digital asset requires a keen eye for market statistics⁵.

Total Market Cap of Shiba Inu

SHIB’s market cap is crucial for its value and position. Recent data reveals intriguing trends in its financial performance⁵.

The cryptocurrency has seen major changes. Its burn rate jumped 600%, removing over 3 million tokens from circulation.

• Burn rate increased by 600%
• Over 3 million SHIB tokens eliminated from circulation
• Price rose 4% to reach $0.00002054

Trading Volume and Liquidity

Trading volume shows investor interest and market activity. Shiba Inu’s coinmarketcap metrics reveal fascinating patterns⁶.

• Large transaction volume dropped by 81%
• Price fluctuated between $0.000024 and $0.0000185
• Currently trading at $0.000021, down 7.29% in 24 hours

Supply Circulation and Limits

SHIB’s supply dynamics are key for potential investors. Support levels and token distribution offer valuable insights⁶.

• 20.51 trillion SHIB tokens held by 19,330 addresses
• 200-day moving average at $0.0000187
• 50-day moving average at $0.0000254

Investors should approach SHIB with a strategic mindset, understanding its unique market characteristics and potential growth trajectories.

Tools for Monitoring Shiba Inu

Tracking crypto investments requires robust tools. For Shiba Inu fans, the right monitoring resources are crucial. They help understand market trends and make smart choices⁷.

Essential Price Tracking Platforms

Several platforms excel at monitoring Shiba Inu data. They offer comprehensive features for tracking and analysis.

• CoinMarketCap: The gold standard for real-time price updates
• CoinGecko: Offers detailed shiba inu price tracking
• TradingView: Advanced charting and technical analysis tools

Cryptocurrency Wallet Solutions

Secure storage of Shiba Inu is vital. Various wallet types provide different security and access levels⁸.

Market Analysis Platforms

Advanced platforms offer deeper insights into Shiba Inu’s market performance⁹. The current Shiba Inu price is $0.00002186. It shows a modest weekly growth of 1%⁹.

1. Glassnode: On-chain cryptocurrency analytics
2. Santiment: Market sentiment and social metrics
3. Nansen: Blockchain and wallet activity tracking

Pro tip: Combine multiple tools for a comprehensive view of your Shiba Inu investments.

Shiba Inu Price Predictions

Cryptocurrency investing requires a sharp eye for potential and smart strategies. The digital asset world keeps changing, offering exciting chances and hurdles for investors.

Expert Predictions for 2024

Shiba Inu has shown wild price swings recently. It jumped over 9% after a big drop the day before⁴.

Experts are watching closely, thinking it might hit a breakout price soon⁴. This could be a game-changer for investors.

• Current trading price hovers around $0.00002276⁴
• Price range expected between $0.00001083 and $0.00003341⁴
• Potential for a tenfold price increase in the near future⁴

Factors Influencing Price Trends

Many things affect Shiba Inu’s market performance. The cryptocurrency’s price dynamics depend on market feelings, tech progress, and wider crypto trends.

Long-Term vs Short-Term Predictions

It’s smart to look at Shiba Inu news from all angles. Short-term changes can be big, but long-term views give a fuller picture.

Some experts think it could rally up to 5,000%¹⁰. This shows how risky crypto investments can be.

Remember: Cryptocurrency investments carry significant risks. Always conduct thorough research and never invest more than you can afford to lose.

SHIB’s price chart shows a symmetrical triangle pattern, hinting at possible growth⁴. Comparing it to XRP and Dogecoin helps investors understand its potential⁴.

Disclaimer: Price predictions are speculative and should not be considered financial advice.

Community and Ecosystem

The Shiba Inu crypto thrives on its passionate community. It creates a unique digital ecosystem beyond traditional blockchain projects. The SHIB community drives innovation and engagement across multiple platforms as Shiba Inu’s ecosystem evolves.

Community-Driven Initiatives

Shiba Inu’s community initiatives have revolutionized the cryptocurrency landscape. The project has developed key strategies to engage its supporters.

• Creating decentralized platforms for community interaction
• Developing charity-focused projects
• Supporting grassroots cryptocurrency education

Partnerships and Collaborations

Strategic partnerships have fueled Shiba Inu’s growth. The project has connected with various blockchain platforms and tech companies¹¹.

ShibOS features 36 different rooms for diverse applications. This showcases the community’s technological sophistication¹¹.

Social Media Engagement

The Shiba Inu community thrives on social media platforms. Reddit and other forums have become vital spaces for sharing news and building community spirit.

Passionate supporters drive conversations and boost the token’s visibility.

The SHIB Army shows remarkable resilience and creativity. They support innovative blockchain projects and drive community-led initiatives.

Shiba Inu’s ecosystem remains one of the most dynamic in the crypto world¹².

FAQs about Shiba Inu Coin

Shiba Inu crypto can be tricky to understand. Here’s a guide to answer common questions about this token and its market potential.

How to Buy Shiba Inu?

Buying Shiba Inu crypto is simple. Follow these steps to get started.

• Choose a reputable cryptocurrency exchange
• Create and verify your account
• Link a payment method
• Search for SHIB token
• Place your order

What Affects Shiba Inu’s Price?

Many factors impact Shiba Inu’s market value. Market sentiment is a key driver of price changes¹³.

The crypto’s price has varied greatly. Recent months saw values between $0.000024 and $0.000015¹³.

Key price influencers include:

1. Market sentiment
2. Technological developments
3. Community engagement
4. Global cryptocurrency trends

Is Shiba Inu a Good Investment?

Assessing Shiba Inu crypto needs careful thought. It has a strong market presence with a $13.47 billion market cap¹⁴.

Some experts predict price increases. Projections suggest a possible 383% surge to $0.000044¹³.

Remember, cryptocurrency investments carry inherent risks and require thorough research.

Shiba Inu keeps evolving as a top meme coin¹⁵. Potential investors should be cautious and consider their financial goals.

Evidence and Data Sources

Reliable info is key in the crypto world. For shiba inu coinmarketcap data, a smart approach is crucial. Various channels offer accurate market intel.

Shiba inu news needs careful analysis from many angles. Digital platforms provide multiple research options.

Reputable Sources for Market Data

Crypto fans use these platforms to track markets:

• CoinMarketCap digital analytics dashboard
• CoinGecko tracking platform
• Trading View professional charts

Analytical Reports and Studies

Pro research needs critical evaluation of many data streams. Investors should look at:

1. Academic blockchain research papers
2. Institutional cryptocurrency reports
3. Independent market analysis publications

Community-Driven Approaches

Community insights offer unique views beyond typical market analysis. Online forums and social media give real-time sentiment tracking.

Always cross-reference information from multiple credible sources to ensure accuracy.

Using various data streams helps investors grasp crypto market dynamics. This approach leads to better-informed decisions¹⁶.

Conclusion and Final Thoughts

Shiba Inu has become a major player in the cryptocurrency world. With a market cap of $13.47 billion, it ranks #17 among digital assets. Its unique burn mechanism has seen a 4,100% increase in token destruction.

The “doge killer” narrative continues to captivate investors. Shiba Inu’s historical performance shows an impressive 11,200,000% price increase. Its total supply of 589.5 trillion tokens, along with community-driven burns, creates an intriguing investment opportunity.

Staying informed is crucial for potential investors. Use crypto market trackers to monitor real-time updates. The crypto market moves fast, so continuous learning and strategic observation are key.

Cryptocurrency investments come with inherent risks. Your Shiba Inu journey should be guided by thorough research and risk management. Approach your investment strategy with both excitement and caution¹⁴¹⁷.