Shiba Inu

The live Shiba Inu price today is €0.000009 EUR with a 24-hour trading volume of €404,169,893 EUR. We update our SHIB to EUR price in real-time. Shiba Inu is down 8.44% in the last 24 hours. The current CoinMarketCap ranking is #13, with a live market cap of €5,200,166,049 EUR. It has a circulating supply of 549,063,278,876,302 SHIB coins and the max. supply is not available.

If you would like to know where to buy Shiba Inu at the current rate, the top cryptocurrency exchanges for trading in Shiba Inu stock are currently Binance, OKX, Bybit, Deepcoin, and BingX. You can find others listed on our crypto exchanges page.

What Is SHIBA INU (SHIB)?
Once upon a time, there was a very special dog. That dog was a Shiba Inu, and this dog inspired millions of people around the world to invest money into tokens with the dog's image on it.

According to the SHIBA INU website, SHIB is the "DOGECOIN KILLER" and is listed on their own ShibaSwap, a DEX. Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.

This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Vitalik Buterin was long believed to be the originator of Shiba Inu, but denied such rumors on the Lex Fridman podcast on June 5, 2021.

Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin's Srypt-based mining algorithm. Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS) and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD.

Shiba's success sparked an avalanche of copycats, such as BitShiba, Shiba Fantom, Shibalana, King Shiba, SHIBAVAX, Captain Shibarrow, SHIBA2K22, SpookyShiba and countless others. In total, there may be well over 100 Shiba Inu copies, and the number keeps rising constantly.

On Sept. 17, 2021, Coinbase, the largest U.S.-based crypto exchange, listed Shiba Inu on their platform. This news caused Shiba Inu price to rise by over 40% in the following two days, bringing the meme dog token into the spotlight again.

Shiba Inu has since attracted more interest from other exchanges as well. Bitso, Mexico's biggest cryptocurrency exchange, announced in September that SHIB would start trading on its exchange. Giottus, an Indian crypto exchange, announced the same. Bitstamp, the biggest crypto exchange in Europe, said that it would list Shiba Inu for trading at the beginning of 2022. Korbit, a South Korean exchange, became the country's first exchange to list the SHIB token in 2021.

Who Are the Founders of SHIBA INU?
The SHIBA INU WoofPaper has three reasons why their team created SHIB:

"We started from zero, with zero."
"The brilliant minds behind Shib had never collaborated before."
"We love Shiba Inu Dogs."
The anonymous creator of the Shiba Inu coin is known as "Ryoshi." However, very little is known of the mystery founder of the dog-themed cryptocurrency, much like the founder of Bitcoin, Satoshi Nakamoto.

In his blog RYOSHI RESEARCH, he characterizes himself as "just some guy of no consequence tapping at a keyboard." Ryoshi said that usually in projects there are different roles like a CEO, a "tech guy," and a roadmap, resulting in "someone plebs can bitch at." He stresses that with Shiba, no one person is accountable or responsible and underlines that he owns 0 SHIB to this day. For this reason, Ryoshi can be "pure and unbiased," getting satisfaction from Shiba "in other ways."

It has been speculated that Vitalik Buterin was behind the initial liquidity that helped set up Shiba Inu's liquidity on Uniswap. According to Ryoshi, he had "a fren" he met at Devcon in Osaka that sent him 10 ETH to set up the liquidity pair on Uniswap. Ryoshi also stated that Shiba Inu was an experiment in decentralized community building, and he thus declined all the influencer requests and pitches from different exchanges he received. His "job" is to defend the brand and give suggestions, although he does so very sparingly, as his last blog entry dates back to May 2021.

What Makes SHIBA INU Unique?
The SHIBA INU website invites dog-inspired artists from all over the world to foster the "artistic Shiba movement" as they bring their SHIBA INU community into the NFT market. SHIBA INU has also created a campaign using Amazon Smile in order to collect donations to escue real, live Shiba Inu dogs with the Shiba Inu Rescue Association.

After initially being only one meme coin of many, Shiba Inu skyrocketed to popularity after Vitalik Buterin famously burned his share of the SHIB supply. Ryoshi had given Buterin 50% of the SHIB supply, announcing that "as long as Vitalik doesn't rug us," Shiba Inu would be fine.

However, Buterin decided to burn 90% of his share, which later would have been worth billions thanks to the soaring value of SHIB. The remaining 10% were sent to a charity, as were about 50 trillion SHIB more that Vitalik had donated to a COVID-19 relief fund. He stated that he did not want "to be a locus of power" and thus gave the tokens away. This resulted in a temporary loss of value for SHIB, which the token later recovered from after the community agreed on an arrangement with the charity in question.

Ryoshi's goal for Shiba Inu has been to see if a perpetual decentralized organization could work with no central leadership. In a blog post, Royshi noted that the rift caused by Buterin's token donation made the community stronger and would enable it to distribute further and decentralize the movement. His vision for the core ecosystem is to perform its utility while the Shiba Inu-own stablecoin becomes the globalized exchange of value.

In October 2021, SHIB surged on the news of a possible Robinhood listing and briefly flipped Dogecoin to become the most-valued meme coin by market capitalization. Thus far, Robinhood has not listed SHIB, despite a petition with over 500,000 signatures calling for it. Robinhood executive Christine Brown has lauded the efforts of the Shiba Inu community, saying that one of her favorite things was seeing it engage with the community to make its wishes heard. However, Robinhood would prioritize safety over the "short-term gain" of a new token listing and has left Shiba Inu fans waiting since.

The October 2021 price surge famously minted a billionaire, as one wallet was uncovered that had bought $8,000 worth of SHIB in summer 2020, which was worth over $5.7 billion at SHIB's all-time high valuation. The wallet owner has not been determined, although the person appears to have sent parts of their fortune to other wallets several weeks after the price explosion.

The price surge also led to increased adoption across token holders. WhaleStats compiled data of the largest ETH wallets and found that SHIB represents over 20% of the combined market shares of all ERC-20 tokens held by Ethereum whales. CRO was a distant second with only 5%. SHIB also surpassed the one-million holder mark following its all-time high.

Moreover, retailers increasingly started adopting SHIB as a means of payment following its popularity among small-time investors. American electronics retailer Newegg added SHIB at the start of December 2021, partnering with crypto payments platform BitPay to unlock payments in SHIB. This followed the adoption of SHIB by over 500 merchants, according to payments firm CoinGate, with even Samsung-backed digital wallet provider ZenGo adding SHIB to its options and a restaurant in Paris accepting it as a payment option. At one point, the Shiba Inu community called for McDonald's to accept Shiba Inu, although the social media effort eventually fell short.

A major reason for the surging price of SHIB was a continued effort by the SHIB community to build a utility for the Shiba Inu token and the subsequent emergence of an entire Shiba Inu ecosystem.

ShibaSwap is the coin's designated DEX that started as a fork of Sushiswap that has, in the words of Ryoshi, its "own little twists and elements." Furthermore, Shiba Inu also plans to develop SHI, which will be the "global exchange of value for plebs," an algorithmic stablecoin pegged to one cent instead of one dollar as most other stablecoins. Its launch is planned after the Shiba layer-two solution called Shibarium, and Ryoshi envisions SHI to work in a similar way to DAI. That way, SHI would have collateral as a backstop that would push it back to one cent if the peg was lost.

According to Ryoshi, the end goal is that SHI becomes a global stable currency "that plebs across all countries are able to use as both a store of value and method of payment."

In addition to SHI, a financial ecosystem is planned, and SHI would be added as a weighted pool pair on Curve. In that case, Ryoshi expects forks of the major DeFi protocols to appear in the Shiba Inu ecosystem, which would require an immutable bridge to function.

Shiba would also start hosting localized meetups and a once-a-year ShibaCon convention that would be hosted at an easily accessible location in a country without oppressive visa restrictions "for the sake of inclusiveness for global plebs."

One immediate change Shiba Inu has implemented is increasing token burns, which have sparked renewed interest in the token at the beginning of 2022. Bigger Entertainment, a crypto record label selling merch, NFTs and concert tickets, organized a SHIB burn party that burned over 239 million SHIB over Christmas. In total, the team has burned almost one billion SHIB since the end of October.

SHIB: The Metaverse and Shibarium
While looking to expand the utility of SHIB, the development team introduced a metaverse — a virtual reality project powered by non-fungible tokens (NFTs). Here, users can mint parcels of digital lands using ETH or its equivalent amount in SHIB tokens. Interestingly, other Shiba Inu-related tokens – BONE and LEASH – will also play various roles as different phases of the metaverse come to life.

According to the team, the goal is to create a fun, immersive and interactive environment where users can explore, earn passive income and collect in-game resources. Importantly, the metaverse will allow users to develop and launch their own projects. In total, there are 100,595 plots of land on SHIB: The Metaverse. Of the total, 36,431 digital lands were unlocked on April 13, 2022 – the launch date of the introductory phase of the metaverse.

Like most existing metaverses, the parcels of lands found on SHIB: The Metaverse are categorized based on the desirability of their locations. Naturally, lands in strategic areas are valued higher than the rest. The four tiers of lands on Shiba's metaverse are as follows:

Tier 4: Silver Fur: 17,030 Lands
Tier 3: Gold Tail: 7,356 Lands
Tier 2: Platinum Paw: 5,714 Lands
Tier 1: Diamond Teeth: 2,024 Lands
Below were the launch prices of the tiers listed above:

0.2 $ETH for (Tier 4) Silver Fur
0.3 $ETH for (Tier 3) Gold Tail
0.5 $ETH for (Tier 2) Platinum Paw
1 $ETH for (Tier 1) Diamond Teeth
Originally, the plan was to allow the use of ETH alone to mint unlocked lands. However, the team later decided to add the SHIB token as a minting currency, thereby expanding the utility of the token.

Although users have begun to purchase SHIB lands, the SHIB metaverse will not officially launch until Shibarium, an upcoming layer 2 scaling network that will eventually house the entire Shiba ecosystem, is deployed. The plan is to have a layer 2 ecosystem built on top of Ethereum's layer 1 network to meet the computational and memory demands for running the fast-expanding Shiba ecosystem. Apart from hosting the SHIB metaverse on Shibarium, the team is also looking to deploy a stablecoin, called SHI, on the layer 2 solution.

Another notable development that coincided with the introduction of SHIB: The Metaverse was the launch of a new website where future developments and expansions, including the launch of the metaverse, will take place.

Related Pages:
Learn more about Dogecoin.

Learn more about Dogelon Mars.

Learn more about the dog-related meme-coin craze.

Learn more about trading with our definition of a dead cat bounce.

Curious about the crypto space? Read our educational section — Alexandria.

Want to keep track of Shiba Inu prices live? Download the CoinMarketCap mobile app!

Want to convert the Shiba Inu price today to your desired fiat currency? Check out CoinMarketCap exchange rate calculator.

How Many SHIBA INU (SHIB) Coins Are There in Circulation?
The SHIBA INU website notes that they locked 50% of the total token supply on Uniswap, and "threw away the keys!" The remaining 50% was "burned to Vitalik Buterin." In response to the "gift" from the Shiba Inu team, Vitalik Buterin sent 50 trillion SHIB tokens, worth $1 billion in Shiba Inu price at that time, to India's Covid Crypto Relief Fund. Buterin then burned 40% of the total supply to a dead wallet.

There are several other tokens described on the SHIBA INU website — LEASH, which has "been unleashed and will not rebase," and BONE, the "Dogecoin Killer." LEASH has a fixed supply of only 107,646 tokens, and offers enticing rewards to liquidity providers, while BONE has 250,000,000 tokens, and is a governance token that allows holders to vote on the Shiba Inu's Doggy decentralized autonomous organization (DAO).

The WoofPaper notes that you will use SHIB to DIG for BONES or ShibaSwap, or even BURY your tokens. "Trainers" can teach their Shibas to SWAP tokens as well — all of these actions create "Returns" that are put into the Puppy Pools, where the #SHIBARMY has the option of BURYING or DIGGING for BONES.

At the beginning of May 2021, dog-themed meme tokens like Shiba Inu saw transaction volumes in the hundreds of millions of dollars. Shiba Inu price hit an all-time high (ATH) of 0.00005 on May 10, 2021, before going on a downtrend since.

As mentioned above, on May 13, Vitalik Buterin (who was given half of the token supply by the developers) announced that he was donating a large amount of these tokens to a fund helping India with COVID relief. The SHIBA developers had not anticipated Buterin selling his tokens, but eventually, the two parties came to a mutually satisfying agreement. Later, the fund actually lamented having sold its tokens too early, as its share would have been worth well over $1 billion at the token's all-time high.

Despite rumors alleging the contrary, Elon Musk does not own any SHIB. He confirmed as much in a tweet, which caused a temporary price drop.

How Is the SHIBA INU Network Secured?
According to 22-page-long SHIB's WoofPaper, SHIB is an ERC-20 token based on Ethereum, a proof-of-work blockchain currently transitioning to proof-of-stake.

Ryoshi announced in his final blog post to date that Shiba Inu would develop its own layer-two solution that would be more decentralized than Polygon or BSC, both of which Ryoshi regards as not truly decentralized. The Shiba L2 would be called "Shibarium" and is supposed to use BONE as its primary pair token, as written above.

According to Ryoshi, Shibarium would be built by a "very competent blockchain team" with experience building such solutions. Developer Eric M has announced in the Shiba Inu Discord server that Shibarium would launch "soon," although he did not specify a date.

Where Can You Buy SHIBA INU (SHIB)?
It is possible to buy Shiba Inu on Binance, Huobi, Coinbase, Gate.io, Uniswap (V2) and OKEx, among other exchanges.

To check Shiba Inu price live in the fiat currency of your choice, you can use CoinMarketCap's converter feature directly on the Shiba Inu currency page. Alternatively, use the dedicated exchange rate converter page. Popular Shiba Inu price pairs include: SHIB/USD, SHIB/GBP, SHIB/AUD and SHIB/EUR.

For more information about how to buy crypto with fiat, check out CoinMarketCap's education portal — Alexandria.

Our most recent articles about Shiba Inu:

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As the whole crypto world continues to make its recovery from the mess that has been 2022, many fans of the joke token are left wondering whether SHIB will also ride the wave of success.

Released in 2020, Shiba Inu was created as a decentralized ERC-20 token on the Ethereum blockchain that would serve as an alternative to Dogecoin (DOGE).

Shiba Inu has managed to break the $0.00001 resistance in the middle of January and is still hovering around that price point with no significant changes in the last 30 days.

SHIB has seen over a 50% spike in value at the start of the year, but that momentum quickly died off. New more impressive meme coins such as Love Hate Inu (LHINU) are hitting the market, too, which adds yet another threat to the future prospects of Shiba Inu.

Some investors are even saying that Shiba Inu is dead and that those bullish spikes only occurred because of the so-called “January effect”.

Others disagree and expect the upcoming release of the Shibarium network to spark new bullish rallies.

Investors agree upon one thing though – that the new booming presales like Fight Out (FGHT) , C Charge (CCHG) and RobotEra (TARO) are more likely to bring massive returns.

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Shiba Inu Price Prediction 2023 – Will the Release of Shibarium Spark new Rallies?
Over the last 14 days, Shiba Inu’s price has decreased by a 10.8%, spiraling down to $0.000012 point.

One of the main reasons for Shiba’s lousy performance is its lack of utility, while the project may have started out as a joke token, little to none was done in order to add more utility to the project.

Shiba is far behind its all-time high (ATH) of $0.000086, with the trading price at the time of writing set at $0.000012.

Besides the bearish trends lately, there is still some possibility for Shiba Inu to get back to its old glory with the release of Shibarium.

Shibarium is the long-expected expansion in the Shiba Inu universe. It will primarily serve as a scaling solution, which will allow Shiba to run better with higher demand on its system.

Another feature that Shibarium will introduce to the network is the burning mechanism. Experts predict that burning will significantly influence the price of the meme coin.

To gain a better perspective of the expert’s opinion on the future of SHIB over 2023, we’ve prepared a quick chart for you.

Q1

$0.000015

Q1

$0.000021

Q3

$0.000029

Q4

$0.000034

As you can see, the future is not so grim for the meme token, but for now, you should only consider it as a long-term investment.

It’s time for us to move on to the analysis of a couple of projects that will most likely outperform SHIB.

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Love Hate Inu (LHINU)
A great new meme coin called Love Hate Inu (LHINU) has just hit the market, launching its presale for investors to get in on the ground level. This amazing Vote-2-Earn (V2E) project is providing a safe space for people to share their opinions on things of the day that matter most – whether it be entertainment, politics, social issues or more.

All the while, users on the platform will be able to earn impressive rewards for participating. All of this is built on blockchain technology, which ultimately ensures that the process is secure, transparent and fair.

The online survey market is being completely disrupted by Love Hate Inu, since there are impressive rewards that go along with it. As an investment, LHINU is likely to explode in value quickly, thanks to the power of word of mouth that can spread like wildfire online. That’s exactly what’s happening with this new meme coin project already, as it looks to follow in the footsteps of some impressive projects like it such as Dogecoin, Floki and Tamadoge.

Love Hate Inu just opened its presale period, which presents the best value for investors. But, act quick because it won’t be in presale for long before a DEX launch.

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Fight Out (FGHT)
Fight Out is an innovative crypto project that integrates blockchain, Web3 technology, and practical use cases to create a comprehensive workout platform for fitness enthusiasts.

Unlike other move-to-earn (M2E) platforms that can only monitor basic physical activities such as walking, Fight Out will be able to monitor much more complex exercises, like weightlifting.

What really sets the Fight Out apart is its unique approach to tracking fitness progress, through the use of NFT avatars that reflect real-world progress.

This cutting-edge feature allows users to keep track of their fitness journey in a more personalized and engaging way.

In addition to the online platform, Fight Out has ambitious plans to launch its own gym chain in Q4 2023. This will provide users with access to premium equipment and the opportunity to showcase their NFTs in a physical setting.

If you want to maximize your profits, buy the FGHT token now while it’s still in the presale phase!

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C+Charge (CCHG)
C+Charge is a green crypto project that wants to promote environmentally conscious choices.

Project’s main goal is to incentivize EV drivers to charge their vehicles at designated C+Chargers by rewarding them with carbon credits.

Additionally, CCHG is developing an application that will aid drivers in locating available charging stations and provide them with information regarding potential waiting times.

The heart of the platform will be the $CCHG token, which will be used as a native currency for all in-app transactions.

Notably, industry experts have expressed their confidence in C+Charge's potential to emerge as the top contender within the eco-friendly cryptocurrency arena.

Buy C Charge<<<

RobotEra (TARO)
RobotEra is a new project in the Metaverse P2E space that distinguishes itself through its innovative ideas and employment of top-notch blockchain technology, offering players the ultimate gaming experience.

To embark on their adventure within the Metaverse, players must acquire their own NFT robot, enabling them to explore any one of the seven unique continents available to them.

Additionally, the game provides various opportunities for players to generate income, such as mining NFT land and subsequently trading it with other users.

The novel concepts behind RobotEra have gained considerable attention among P2E enthusiasts, with many speculating that it could transform the P2E space for the foreseeable future.

Make sure to be quick and buy TARO while it's still at its presale stage, because the price will increase significantly once RobotEra hits the market.

Buy RobotEra<<<

Floki Inu (FLOKI)
Unlike Shiba Inu, its rival Floki Inu is looking at a pretty profitable couple of months.

The biggest reason behind FLOKI’s bullish trend is the continual support from Tesla’s CEO, Elon Musk.

Namely, he posted a couple of tweets with Shiba Inu dog as the CEO of Twitter, while the papers on the image suggested that its name is Floki.

There is a good chance that the FLOKI token will explode in the upcoming months if Elon continues to promote it.

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The Conclusion
The release of the Shibarium network can prove itself to be a significant factor in driving up the price of the Shiba Inu coin.

However, it is still highly unlikely that we will see SHIB going through any major rallies unless it adds more use cases to the platform.

Assets like LHINU, FGHT, CCHG and TARO have a much bigger chance at providing you with substantial gains in a shorter time frame.

And if you buy them at their current presale phase, you are practically guaranteed to see returns of over 40x.

Unstoppable Domains, the decentralized domain provider, has announced that its users can now purchase its domain names using Shiba Inu (SHIB), the cryptocurrency that has gained significant popularity since its launch in August 2020. Unstoppable Domains has been consistently expanding the number of purchasing options by adding a wider range of cryptocurrencies. The company has already been accepting popular virtual currencies such as Bitcoin, Ethereum, and Litecoin. In early March, it added support for Dogecoin (DOGE). Unstoppable Domains is a technology that provides a decentralized name service to users for registering domains. This service is immune to confiscation or censorship by any central authority. The technology strives to decentralize the Domain Name System (DNS) by linking domains directly to crypto wallets and decentralized apps. This process simplifies cryptocurrency transactions, removes the need for extended wallet addresses, and streamlines the overall experience. Related Fake Satoshi Craig Wright Takes Another Jab at Ripple This latest move is expected to increase the adoption of decentralized domain registration and cryptocurrency use cases. Earlier this year, Unstoppable Domains expanded its digital identity offerings through a new partnership with Web3 browser Opera, allowing users to access Polygon-based digital identities and use them to transfer cryptocurrencies. The move is aimed at expanding users' access to their online digital identities and growing the support of digital identities. In late December, the Web3 domain provider announced that would integrate with Ethereum's blockchain explorer Etherscan and Polygonscan to allow users to analyze on-chain data and trace transactions. #Shiba Inu (SHIB) News

Read more on U.Today https://u.today/shiba-inu-shib-becomes-new-payment-option-for-unstoppable-domains

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After the significant fall in the crypto industry in 2022, optimism is slowly creeping in. The dark days are over and investors are now enjoying investment dollars from digital currencies. Among the cryptocurrencies that enjoy a steady rise in 2023, Dogecoin (DOGE) and Shiba Inu are a force to reckon with, especially in the meme sector. However, the 1988% gain price makes Orbeon Protocol (ORBN) the hottest topic of discussion. If you wish to learn more, keep reading.

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Unstoppable Domains, the decentralized domain provider, has announced that its users can now purchase its domain names using Shiba Inu (SHIB), the cryptocurrency that has gained significant popularity since its launch in August 2020. Unstoppable Domains has been consistently expanding the number of purchasing options by adding a wider range of cryptocurrencies. The company has already been accepting popular virtual currencies such as Bitcoin, Ethereum, and Litecoin. In early March, it added support for Dogecoin (DOGE). Unstoppable Domains is a technology that provides a decentralized name service to users for registering domains. This service is immune to confiscation or censorship by any central authority. The technology strives to decentralize the Domain Name System (DNS) by linking domains directly to crypto wallets and decentralized apps. This process simplifies cryptocurrency transactions, removes the need for extended wallet addresses, and streamlines the overall experience. Related Fake Satoshi Craig Wright Takes Another Jab at Ripple This latest move is expected to increase the adoption of decentralized domain registration and cryptocurrency use cases. Earlier this year, Unstoppable Domains expanded its digital identity offerings through a new partnership with Web3 browser Opera, allowing users to access Polygon-based digital identities and use them to transfer cryptocurrencies. The move is aimed at expanding users' access to their online digital identities and growing the support of digital identities. In late December, the Web3 domain provider announced that would integrate with Ethereum's blockchain explorer Etherscan and Polygonscan to allow users to analyze on-chain data and trace transactions. #Shiba Inu (SHIB) News

Read more on U.Today https://u.today/shiba-inu-shib-becomes-new-payment-option-for-unstoppable-domains