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SHIBA INU live price chart

SHIB price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.

As you can see, the current SHIBA INU price is 0.0000232721651231767. In any case, whether you want to buy the dip or just want to buy SHIB for your personal needs - we got you!

What is Shiba INU?

Shiba Inu (SHIB) is a cryptocurrency that gained significant attention in the crypto community. It's an ERC-20 token on the Ethereum blockchain, inspired by the Shiba Inu dog breed, which is also the same inspiration behind Dogecoin (DOGE). Shiba Inu gained popularity in 2021, particularly due to its community-driven nature and meme appeal, similar to Dogecoin.

SHIB gained attention for its rapid price movements and its community's efforts to establish it as a viable cryptocurrency. It's often referred to as a "memecoin" due to its origins and the community's focus on internet memes.

Shiba Inu (SHIB) was founded in August 2020 by an anonymous individual or group known as "Ryoshi" (a play on the name "Satoshi," the pseudonymous creator of Bitcoin). The project was launched as an experiment in decentralized community building and as a homage to the popular Dogecoin cryptocurrency. The goal was to create a fun and meme-inspired cryptocurrency that could potentially attract a large and engaged community.

In May 2021, Ethereum co-founder Vitalik Buterin received a large amount of SHIB tokens as part of a donation from the Shiba Inu community. Instead of keeping the tokens, Buterin burned a significant portion of them and donated the rest to charitable causes, which garnered attention and further boosted SHIB's visibility.

ShibaSwap, a decentralized exchange (DEX) and yield farming platform, was launched in July 2021. This platform allows users to swap various cryptocurrencies, provide liquidity, and farm SHIB tokens.

Shiba Inu has been listed on several major cryptocurrency exchanges, including Binance, Coinbase, and others, which has increased its accessibility to investors and traders.

The Shiba Inu community has grown rapidly and has become known for its passionate and engaged members who actively promote the project through social media and other channels.

The SHIBA INU project has launched an initiative to cultivate the "artistic Shiba movement" by welcoming dog-inspired artists from around the globe to contribute to the NFT market. This endeavor aims to celebrate the spirit of the Shiba Inu community through diverse artistic expressions. Artists are encouraged to showcase their creativity inspired by Shiba Inu dogs, fostering a vibrant and inclusive artistic community within the project.

In addition to promoting artistry, SHIBA INU is dedicated to real-world impact. The project has initiated a campaign leveraging Amazon Smile to raise donations for the Shiba Inu Rescue Association. Through this partnership, contributions are directed towards the rescue and welfare of actual Shiba Inu dogs in need. By utilizing the power of blockchain technology and community support, SHIBA INU endeavors to make a positive difference in the lives of these beloved canine companions.

Furthermore, the project's commitment to social responsibility extends beyond charity partnerships. Shiba Inu continues to explore avenues for community engagement and development. This includes initiatives to enhance user experience, expand utility within the ecosystem, and foster collaboration with like-minded organizations. Through a combination of philanthropy, innovation, and community-driven initiatives, SHIBA INU strives to create a meaningful and sustainable impact, both in the digital realm and in the tangible world.

The Shiba Inu ecosystem has expanded beyond the SHIB token to include other tokens such as Leash (LEASH) and Bone (BONE). These tokens serve different functions within the ecosystem, such as governance and rewards.

LEASH was introduced as the second token in the Shiba Inu ecosystem. It was designed as a rebase token, meaning its total supply adjusts periodically based on the token's price movements.

LEASH initially had a limited supply of only 107,647 tokens. This scarcity contributed to its value and made it an attractive asset for investors seeking rare or unique cryptocurrencies.

While initially separate from SHIB, LEASH has since been integrated into the broader ShibaSwap decentralized exchange (DEX) ecosystem, allowing users to swap, provide liquidity, and earn rewards using LEASH tokens.

Bone is the governance token of the ShibaSwap decentralized exchange (DEX) and the broader Shiba Inu ecosystem.

Holders of Bone tokens have voting rights and can participate in governance decisions related to the development and management of the ShibaSwap platform, such as protocol upgrades, fee adjustments, and other governance proposals.

Bone tokens are earned by providing liquidity to liquidity pools on the ShibaSwap platform. Users who contribute liquidity to supported trading pairs receive BONE tokens as rewards, incentivizing liquidity provision and participation in the ecosystem.

The introduction of Bone tokenomics adds a layer of decentralization and community involvement to the Shiba Inu ecosystem, allowing stakeholders to have a voice in shaping its future direction and development.

The project has engaged in various partnerships and collaborations to enhance its utility and reach, including collaborations with other cryptocurrency projects and initiatives.

Shibarium is the project's layer-two solution, aimed at achieving a higher level of decentralization compared to existing platforms like Polygon or Binance Smart Chain (BSC), which Ryoshi perceives as lacking in true decentralization. 

Shibarium utilizes BONE as its primary pair token, as previously outlined. This strategic choice aligns with the project's broader ecosystem and aims to leverage the utility and governance features of the Bone token within the Shibarium framework. By developing its own layer-two solution, Shiba Inu seeks to enhance scalability, security, and decentralization while providing users with a robust infrastructure for decentralized applications (DApps) and DeFi protocols.

SHIB token has a total supply of 589.53T SHIB, and as of February 10, 2024, the circulating supply is 589.29T SHIB.

Traders and investors can buy SHIB at numerous centralized and decentralized exchanges, including KuKoin, Coinbase, Binance, Huobi, Gate.io, Uniswap, etc.  

The average fees on the Shiba INU

The fees for Shiba Inu transactions will be set in line with those applicable to ERC-20 assets. This means that users engaging in transactions involving Shiba Inu (SHIB) tokens can expect fee structures consistent with Ethereum-based assets, ensuring transparency and predictability in transaction costs within the Shiba Inu ecosystem. 

The fees may also vary depending on the particular exchange or platform chosen to complete the transaction. 

The SHIB token wallets 

The SHIB tokens can be held in most of the crypto wallets supporting the ERC-20 assets, such as Meta Mask, Trust Wallet, Exodus, Freewallet, Atomic Wallet, Torus, iToken Wallet, etc.