Learn about the origin of SHIB coin in one article

SHIB coin was issued on August 1, 2020 and is a Dogecoin derivative created by an anonymous team Ryoshi. Known for its strong community support and partnerships with well-known companies, its future growth remains uncertain.

When was SHIB coin issued?

SHIB coin was issued on August 1, 2020.

The Origin of SHIB Coin

SHIB Coin is a derivative of Dogecoin, which has a similar dog head logo to Dogecoin. SHIB coin was created by Ryoshi, an anonymous development team with the purpose of creating a community-driven cryptocurrency.

The initial issuance of SHIB coins is 1,000 trillion coins, 50% of which were sent to Ethereum founder Vitalik Buterin. Buterin subsequently donated the majority of his tokens to India’s Cryptocurrency Relief Foundation.

Development of SHIB Coin

SHIB Coin quickly gained attention within a few months of its release, with its price hitting a record high in October 2021. Since then, SHIB coin’s price has experienced volatility, but it remains one of the largest cryptocurrencies by market capitalization.

SHIB Coin’s success is partly due to its strong community support. The community, known as SHIBArmy, actively promotes the token and organizes events on social media.

SHIB Coin also benefits from partnerships with well-known companies, such as AMC Theaters and Newegg. These collaborations have helped increase the token’s visibility and increased its use cases.

The future of SHIB coin

The future of SHIB coin is uncertain. It may continue to be a popular investment vehicle or it may lose value as the cryptocurrency market fluctuates. However, the community behind SHIB Coin and its evolving use cases indicate that it is likely to continue to exist in the future.

Shiba Inu Latest Price Update

The current price of Shiba Inu (SHIB) as of 24 Sep 2024, 10:00 AM, is $0.00001439 USD. In the past 24 hours, trading volume reached $176 million and the price fell 1.76%.

Price Movement Factors

The main factors causing the price drop may be the selling pressure across the cryptocurrency market, as well as the negative sentiment surrounding the project.

Future Forecast

SHIB’s future price movements are highly uncertain. Despite the project’s strong community support, the cryptocurrency market is known for its volatility. Therefore, be sure to conduct thorough research before making any investment in SHIB.

Recommendations for action

• Invest carefully: Only invest money you are willing to lose.
• Do your research: Understand the fundamentals and team of the project before investing in SHIB.
• Diversification: Don’t put all your eggs in one basket. Diversify your portfolio into other cryptocurrencies or assets.

Short-term trend forecast

In the short term, the price of SHIB may continue to fluctuate. Market sentiment and overall trends in the cryptocurrency market may influence its price movements.

Indicators

• Price: 0.00001439 USD
• 24 hour trading volume: 176 million USD
• Price changes: - 1.76%
• Market Cap: 848 million US dollars
• Circulation Volume: 589.27 trillion
• Maximum Supply: Unlimited

The above is the detailed content of Learn about the origin of SHIB coin in one article. For more information, please follow other related articles on the PHP Chinese website!