Home web3.0 What currency is Shiba Inu Coin? Total circulation of Shiba Inu Coin and introduction to online exchanges

What currency is Shiba Inu Coin? Total circulation of Shiba Inu Coin and introduction to online exchanges

Aug 30, 2024 pm 06:13 PM
cryptocurrency Ethereum exchange

Shiba Inu Coin is a cryptocurrency based on dog memes, with a total circulation of 1 trillion. Its features include: based on dog memes, highly recognized and huge supply, low price, community-driven, and supportive of development

What currency is Shiba Inu Coin? Total circulation of Shiba Inu Coin and introduction to online exchanges

Shiba Inu Coin: A cryptocurrency based on dog memes

Shiba Inu Coin (SHIB) is a popular cryptocurrency , marked by the Shiba Inu, a popular Japanese dog breed. It was launched in August 2020 and has quickly become one of the most widely used currencies in the cryptocurrency space since its launch.

Total circulation of Shiba Inu coins

The total circulation of Shiba Inu coins is 1 trillion. Of this, half of the issuance (5 trillion) was burned and sent to the wallet of Ethereum’s founder, Vitalik Buterin, who subsequently donated it to charity.

Shiba Inu Coin Listed on Exchanges

Shiba Inu Coin has been listed on many major cryptocurrency exchanges, including:

  • Binance
  • Coinbase
  • Huobi
  • FTX
  • KuCoin

These exchanges allow users to buy, sell and trade Shiba Inu Coin, making it easy Acquire and trade.

Features of Shiba Inu Coin

Shiba Inu Coin has the following features:

  • Based on dog memes: The logo and name of the Shiba Inu coin are related to the Shiba Inu meme, making it highly recognizable and attractive.
  • Large supply: The huge supply of trillions of coins provides Shiba Inu Coin with high accessibility and low price.
  • Community Driven: Shiba Inu Coin has an active and passionate community that works together to promote and support the development of the project.

Advantages of Shiba Inu Coin

The advantages of Shiba Inu Coin include:

  • Low price: The relatively low unit price of Shiba Inu Coin makes it attractive to beginners and small and medium-sized investors.
  • High liquidity: Shiba Inu Coin is listed on many exchanges, providing high liquidity and convenient for users to trade.
  • Strong Community Support: Shiba Inu Coin’s community is very active and supportive, powering the development of the project.

It is worth noting that Shiba Inu Coin still has high volatility as a cryptocurrency, and caution should be exercised when investing.

Shiba Inu price skyrocketed

As of 10 a.m. on August 30, the price of Shiba Inu (SHIB) was $1.4036674524905E-5, and the trading volume within 24 hours was $193677836.60345. SHIB price increased by 0.89941816% in the past 24 hours.

Reasons for Price Changes

The recent price increase may be due to several factors, including:

  • Community Support and Online Hype.
  • Look forward to upcoming updates and developments.

Future Price Trend

Forecasts of SHIB’s future price trend may fluctuate. However, as market sentiment improves and the ecosystem continues to grow, SHIB may see modest gains.

Steps Investors Should Take

Investors should carefully weigh the risks and conduct their own research before making any decisions. Given its volatility, prudent investing is crucial.

Short-term trend forecast

In the short term, SHIB may continue to fluctuate, but the overall trend is expected to be upward.

Main Indicators

  • Current price: $1.4036674524905E-5
  • 24-hour trading volume: $193677836.60345
  • Price change (24 hours): +0.89941816%
  • Circulation volume: 5.8927014040156E+14 SHIB
  • Total supply: 5.8927014040156E+14
  • Circulation market value: $8271393168.0617

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