What is the issuance price and circulation amount of Shiba Inu Coin?

Shiba Inu Coin was issued on August 1, 2020, with an initial issuance of 1,000 trillion coins, of which 500 trillion coins were destroyed, leaving a circulating supply of 500 trillion coins. Its issuance price is zero and airdropped to early backers as a giveaway. As of February 14, 2023, its last price was approximately $0.000012.

Shiba Inu Coin Issuance Information

Shiba Inu Coin (SHIB) was developed by an anonymous Japanese on August 1, 2020 Released by staff "Ryoshi".

Issue price:

The issuance price of Shiba Inu Coin is zero. Initially, it was airdropped as a giveaway on the Ethereum blockchain to its early backers.

Circulation volume:

The initial issuance volume of Shiba Inu Coin is 1000 trillion pieces. However, the team subsequently burned half of the supply (500 trillion coins), sending it to an inaccessible wallet, effectively reducing the circulating supply to 500 trillion coins.

Latest Price:

As of the time of writing (February 14, 2023), the latest price of Shiba Inu Coin is approximately 0.000012 USD.

Shiba Inu Price Analysis

Current Price: $1.3689161902933E-5

Trading Volume: $146,197,410.77257

Market Cap: $806,661,0337.4909

Recent Changes:

Shiba Inu price increased in the last 24 hours About 3.3%. This indicates increased investor interest in the currency.

Price Change Factors:

This price increase may be due to a number of factors, including:

• Positive Market Sentiment: The overall cryptocurrency market has been performing well recently, which may increase interest in Shiba Inu.
• Development Update: The Shiba Inu team has been developing new features and partnerships that may increase the appeal of the currency.

Future Price Forecast:

In the short term, Shiba Inu prices are likely to continue to rise. However, it is important to remember that cryptocurrency markets are highly volatile and prices can reverse suddenly.

Investor Advice:

Investors should conduct thorough research before investing in Shiba Inu or any other cryptocurrency. They should also be aware of the risks of investing in cryptocurrencies.

Short-term forecast:

In the short term, Shiba Inu prices are likely to continue to rise, but the increase may be subject to fluctuations.

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