Shiba Inu (SHIB) Market Capitalization Tops $7.92 Billion

Shiba Inu (SHIB) traded down 2.9% against the U.S. dollar during the 24-hour period ending at 21:00 PM Eastern on August 6th. During the last seven days, Shiba Inu has traded 18.2% lower against the U.S. dollar. One Shiba Inu token can now be bought for about $0.0000 or 0.00000000 BTC on major cryptocurrency exchanges. Shiba Inu has a market capitalization of $7.92 billion and $387.22 million worth of Shiba Inu was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 1.6% higher against the dollar and now trades at $0.0121 or 0.00000021 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 8.2% higher against the dollar and now trades at $0.0678 or 0.00000121 BTC.

Shiba Inu Token Profile

Shiba Inu’s genesis date was August 2nd, 2020. Shiba Inu’s total supply is 589,519,077,600,533 tokens and its circulating supply is 589,270,513,609,350 tokens. The Reddit community for Shiba Inu is https://reddit.com/r/shibarmy. The official message board for Shiba Inu is medium.com/@allhailtheshiba/all-hail-the-shiba-an-experiment-in-decentralization-87e3792e92f2. Shiba Inu’s official Twitter account is @shibtoken and its Facebook page is accessible here. Shiba Inu’s official website is shibatoken.com.

According to CryptoCompare, “Shiba Inu (SHIB) is a memecoin and Ethereum-based cryptocurrency that was launched as a community project in 2020 by an anonymous individual or group called Ryoshi. It features a Shiba Inu dog as its mascot and has a circulating supply of one quadrillion tokens. The Shiba Inu ecosystem includes SHIB, the native token; Leash (LEASH), the native currency of the Shiba Inu decentralized exchange (ShibaSwap); and Bone (BONE), the governance token. The ecosystem also includes ShibaSwap, non-fungible tokens (NFTs), an upcoming Metaverse, play-to-earn games, and a decentralized autonomous organization (DAO) called the DoggyDAO. SHIB was created as an experiment in decentralized spontaneous community building and has over one million holders on the Ethereum network. It differs from Dogecoin in that it is built on top of the Ethereum blockchain and has a number of tokens and applications surrounding it that do not support DOGE.”

Shiba Inu Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Shiba Inu directly using US dollars. Investors seeking to trade Shiba Inu should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Shiba Inu using one of the aforementioned exchanges.

SHIB/USD price chart by TradingView