Shiba Inu (SHIB) is a decentralized cryptocurrency that gained popularity as a meme coin, often dubbed the "Dogecoin Killer." Created in August 2020, Shiba Inu was designed as an alternative to Dogecoin, with a few key distinctions. Built on the Ethereum blockchain, SHIB uses the same ERC-20 token standard as many other tokens within the Ethereum network.
Overview of SHIB Coin
Shiba Inu's tokenomics and ecosystem have contributed to its rapid growth. As of now, SHIB is the 13th largest cryptocurrency by market capitalization, surpassing many long-established coins. The token has experienced extreme price volatility, with significant spikes and drops in value, which has made it both an exciting and risky investment for traders.
SHIB has a market cap of over $7 billion and daily turnover exceeding $1 billion, reflecting high liquidity but also notable volatility. Many SHIB holders often trade quickly, with the average holding time being less than two weeks.
Key Information:
- Market Rank: 13th by market cap
- Blockchain: Ethereum (ETH)
- Max Supply: 999,990,968,807,043 SHIB
- Circulating Supply: 589,368,156,158,845 SHIB
- Contract Address: SHIB Contract on Etherscan
- Governance Token: SHIB
- Audit: Certik Audit Certik Report
The SHIB Community & Advisors
Shiba Inu’s dedicated community, often referred to as the "SHIB Army," plays a crucial role in its success. Additionally, the project has attracted prominent figures from the metaverse and blockchain spaces, including advisors such as Marcie Jastrow, David Kern, and Sherri Cuono, all of whom bring their expertise in the virtual space to SHIB's growth.
Where to Buy and Sell Shiba Inu
You can buy and trade SHIB through exchanges such as Coins.ph. Coins.ph is a trusted platform that enables Filipino users to trade SHIB with ease, while also offering high security and fast transactions.
Token Use Cases
The Shiba Inu token has a variety of use cases beyond just being a meme coin:
- Investment: SHIB is considered a speculative asset by many investors and traders.
- Charity Donations: The Shiba Inu community has raised funds for charitable causes such as disaster relief efforts.
- Payment System: It’s increasingly accepted by merchants as a form of payment.
SHIB Token Price and Market Data
The SHIB token’s price can fluctuate greatly, so it’s important for traders to stay updated. Visit platforms like Coins.ph for the latest price and market trends.
Max Supply and Circulating Supply
SHIB’s total supply is capped at nearly 1 quadrillion tokens. However, with a significant portion already in circulation, its scarcity and inflationary potential make SHIB an interesting asset for both new and experienced crypto traders.
The Future of Shiba Inu (SHIB)
Shiba Inu's community-driven nature and continued ecosystem developments, including ShibaSwap and its expansion into the metaverse, suggest that SHIB may have staying power in the volatile world of meme coins. As it matures, SHIB aims to prove that meme coins can have practical utility beyond their fun and speculative origins.
How to Buy SHIB on Coins Pro
To start trading SHIB, sign up on Coins.ph, a licensed crypto exchange in the Philippines. With low trading fees and a user-friendly interface, it's an excellent platform for both beginners and experienced traders.
Get started with Coins.ph today and enjoy low fees, secure transactions, and fast trading features!
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