SHIBA INU

Name: SHIBA INU
Brand: Cryptocurrency
SKU: SHIB
Price: 0.000014155 GBP
Availability: InStock

SHIB

GBP

Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

•

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

•

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Meme coins

‘Meme coins’ (e.g. , SHIB) are crypto-assets whose value is driven primarily by community interest and online trends.

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Volatility risk: Meme coins can have extreme price volatility, often experiencing rapid and unpredictable price fluctuations within short periods. The value of meme coins can be influenced by social media trends, celebrity endorsements, and other factors unrelated to traditional investment fundamentals.

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Lack of utility: Meme coins often lack intrinsic value or utility, being primarily driven by community interest, online trends, and speculative trading.

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Market manipulation: Meme coins may be susceptible to increased risk of market manipulation including ‘pump-and-dump’ schemes, where the price is artificially inflated followed by a sudden crash.

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Lack of transparency: Meme coins may have limited available information about their development teams, goals, and financials. This lack of transparency can make it challenging to assess the credibility and potential of a meme coin accurately.

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Emotional investing: Meme coins often garner strong emotional reactions from investors, leading to impulsive decisions. Emotional trading activity can amplify losses.

About SHIBA INU

Shiba Inu (SHIB) is a token that aspires to be an Ethereum-based alternative to Dogecoin (DOGE), the popular memecoin. Unlike Bitcoin, which is designed to be scarce, SHIB is intentionally abundant — with a total supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.

Resources

Shiba Inu (SHIB) is a decentralized, community-led cryptocurrency that was developed to answer a simple question: What would happen if a cryptocurrency project was 100 percent run by its community? Originating in late 2020, this Ethereum-based token has grown into a global phenomenon, accepted at numerous locations as a form of payment, either directly or via third-party intermediaries. The Shiba Inu ecosystem is not just about the SHIB token: it also includes other tokens like LEASH and BONE, includes a decentralized exchange called Shibaswap that allows users to provide liquidity, stake, and swap tokens to receive compensation, and includes ShibaSwap's Staking Pools. Like DOGE, SHIB is intentionally abundant — with an initial circulating supply of one quadrillion coins.

Shiba Inu operates on the Ethereum blockchain, utilizing the power of smart contracts to facilitate transactions and other operations. The Shiba Inu ecosystem includes ShibaSwap, a decentralized exchange where users can swap tokens, provide liquidity, and stake their holdings to receive compensation. The ecosystem has also introduced Shibarium, a Layer-2 solution which had processed over four million transactions as of November 2023.

Shiba Inu was created in August 2020 by an individual or group of individuals under the pseudonym "Ryoshi." The token quickly gained traction, and its popularity surged even further when a significant portion of the SHIB supply was burned, meaning destroyed, hence increasing its rarity. The token's Shiba Inu's history is marked by its community-driven approach, with its creator, Ryoshi, emphasizing the importance of a decentralized, community-led project.

You can buy, send, and receive SHIB from a few different crypto exchanges like Coinbase, for example. Because SHIB is issued as an Ethereum token, it's compatible with Ethereum wallets like Coinbase Wallet and available on decentralized exchanges (or DEXs) like UniSwap.

SHIB, unlike DOGE, is compatible with the Ethereum ecosystem — which has allowed the community to create crypto apps like ShibaSwap, a DEX running on the Ethereum blockchain that allows users to trade and stake tokens without an intermediary.

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Market

United Kingdom Market stats

Market cap

£8.3B

Volume (24h)

£422.5M

Circulating supply

589.3T SHIB

Typical hold time

223 days

Popularity

#12

All time high

£0.000069

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

+1.23%

Price change (1d)

+8.41%

Price change (1w)

-0.85%

Price change (2w)

+1.57%

Price change (1m)

+2.03%

Price change (1y)

+111.11%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about SHIBA INU on social media

42,140 unique individuals are talking about SHIBA INU and it is ranked #25 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, SHIBA INU has an average sentiment score of 3.1 out of 5. Finally, SHIBA INU is becoming less newsworthy, with 4 news articles published about SHIBA INU. This is a 33.33% decrease in news volume compared to yesterday.

On Twitter, people are mostly neutral about SHIBA INU. There were 9.23% of tweets with bullish sentiment compared to 2.35% of tweets with a bearish sentiment about SHIBA INU. 88.42% of tweets were neutral about SHIBA INU. These sentiments are based on 22490 tweets.

On Reddit, SHIBA INU was mentioned in 311 Reddit posts and there were 497 comments about SHIBA INU. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Overview

Contributors

42,140 people

Posts

18,798 posts

Dominance

0.38%

Volume rank

#25

Average Sentiment

3.1 out of 5

News Articles

Twitter

Tweet Count

22,490 people

Sentiment

9.23%

Bullish

88.42%

Neutral

2.35%

Bearish

Posts

311

Comments

497

Post Score

1,536

Comment Score

1,644

SHIBA INU Calculator

How much is 1 SHIB?

Conversion Table

SHIB/USD (United States Dollar)

$0.000018

SHIB/CAD (Canadian Dollar)

CA$0.000026

SHIB/GBP (British Pound)

£0.000014

SHIB/JPY (Japanese Yen)

¥0.0028

SHIB/INR (Indian Rupee)

₹0.0015

SHIB/BRL (Real)

R$0.000106

SHIB/EUR (Euro)

€0.000017

SHIB/NGN (Nigerian Naira)

NGN 0.0305

SHIB/KRW (South Korean Won)

₩0.0255

SHIB/SGD (Singapore Dollar)

S$0.000024

SHIBA INU is on the decline this week.

The price of SHIBA INU has increased by 1.23% in the last hour and increased by 8.41% in the past 24 hours. SHIBA INU’s price has also fallen by 0.85% in the past week. The current price is £0.000014 per SHIB with a 24-hour trading volume of £422.46M. Currently, SHIBA INU is valued at 79.62% below its all time high of £0.000069. This all-time high was the highest price paid for SHIBA INU since its launch.

The current circulating supply of SHIBA INU is 589,261,198,219,762 SHIB which means that SHIBA INU has as total market cap of 589,261,198,219,762.

FAQ

What is the current price of SHIBA INU?

We update our SHIBA INU to GBP currency in real-time. Get the live price of SHIBA INU on Coinbase.

What is the market cap of SHIBA INU?

The current market cap of SHIBA INU is £8.33B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of SHIBA INU?

The all-time high of SHIBA INU is £0.000069. This all-time high is highest price paid for SHIBA INU since it was launched.

What is the 24 hour trading volume of SHIBA INU?

Over the last 24 hours, the trading volume of SHIBA INU is £422.46M.

What other assets are similar to SHIBA INU?

Assets that have a similar market cap to SHIBA INU include TRON, Chainlink, Polkadot, and many others. To see a full list, see our comparable market cap assets.

How many SHIBA INU are there?

The current circulating supply of SHIBA INU is 589 trillion.

What is the typical holding time of SHIBA INU?

The median time that Coinbase customers hold SHIBA INU before selling it or sending it to another account or address is 223 days.

What is the relative popularity of SHIBA INU?

SHIBA INU ranks 3 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of SHIBA INU?

Currently, 97% of Coinbase users are buying SHIBA INU. In other words, 97% of Coinbase customers have increased their net position in SHIBA INU over the past 24 hours through trading.

Can I buy SHIBA INU on Coinbase?

Yes, SHIBA INU is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy SHIBA INU guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.