An article introducing the application scenarios of Shiba Inu Coin

The maximum circulation of Shiba Inu Coin is 1 trillion, of which 50% is allocated to the ShibaSwap community and 50% is burned to Vitalik Buterin. Its application scenarios include: transactions and payments, DeFi applications, NFT and games, charity and social impact. New uses are also expected to emerge as the project matures and the community develops.

Issuance of Shiba Inu Coin

The maximum circulation of Shiba Inu Coin is 1 trillion, of which:

• 50 % allocated to the ShibaSwap decentralized exchange (DEX) community.
• 50% burned to Ethereum founder Vitalik Buterin.

Application Scenarios of Shiba Inu Coin

Shiba Inu Coin is a multi-purpose cryptocurrency with a wide range of application scenarios, including:

Transaction and payment

• Users can use Shiba Inu Coin to buy, sell and trade other cryptocurrencies on ShibaSwap DEX.
• Some retailers are starting to accept Shiba Inu Coin as a payment method, such as Newegg and AMC.

DeFI Applications

• ShibaSwap offers a variety of decentralized finance (DeFi) applications, including staking, yield farming, and lending.
• Users can earn interest and participate in governance voting by staking Shiba Inu Coin.

NFTs and Games

• Shiba Inu Coin can be used to purchase non-fungible tokens (NFTs), such as Shiba Inu NFTs.
• Some blockchain-based games also use Shiba Inu Coin as an in-game currency, such as Shiba Eternity.

Charity and Social Impact

• The Shiba Inu community contributes to a variety of charity and social impact programs, such as helping animal shelters and supporting environmental initiatives.
• Dogs Army, the charitable arm of Shiba Inu Coin, funds various projects around the world.

It needs to be emphasized that Shiba Inu Coin is still a relatively new cryptocurrency and its application scenarios are still evolving. As the project matures and the community continues to grow, new and innovative uses are expected to emerge.

Shiba Inu price increased by 1.74%

As of 12:00 on September 10, 2024, the price of Shiba Inu (SHIB) was $1.3349127719648E-5, and the trading volume was $168,234,594.84136 . The price has increased by 1.74% in the past 24 hours.

Factors for price changes

Main factors for price changes include improved investor sentiment and favorable technical indicators. Additionally, recent positive news about the Shiba Inu project has also boosted sentiment.

Future Price Forecast

Technical indicators suggest that Shiba Inu is currently in an uptrend. If this trend continues, prices may continue to move higher. However, market sentiment and the general state of cryptocurrencies will also need to be closely monitored.

Recommended Actions

Investors may consider buying the dip and prepare for potential short-term volatility. Long-term holders can continue to hold their positions.

Short-term trend forecast

In the short term, Shiba Inu is expected to continue its upward trend. However, it is important to note that the cryptocurrency market can be very volatile, making it difficult to make specific predictions.

Key indicators

• Price: $1.3349127719648E-5
• 24-hour trading volume: $168,234,594.84136
• Market value: $7,866, 234,841.9364
• Circulation: 5.8926957679479E+14
• Maximum supply: -
• Total supply: 5.8926957679479E+14

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