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Exchange SHIBA INU (SHIB)

If you're looking to swap SHIBA INU, SwapSpace is your one-stop shop. We have some light reading for you — in case you'd like a refresher on what is SHIBA INU, or some fresh information about SHIB’s price movements. And, of course, we provide you with multiple SHIBA INU exchange options so that you can choose the offer with the best rates and lowest SHIBA INU fees, as well as other parameters that suit you.

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SHIBA INU Price Stats

To help you make a decision about exchanging your SHIBA INU, we gathered some cold hard numbers: SHIBA INU price chart and other stats, such as SHIBA INU market cap.

SHIB 24H HIGH

SHIB 24H HIGH $0.00000969901837

SHIB MARKET CAP

SHIB MARKET CAP $5,684,063,081.543

SHIB CIRCULATING SUPPLY

SHIB CIRCULATING SUPPLY 589,606,511,543,028 SHIB

SHIB 24H LOW

SHIB 24H LOW $0.00000938012213

SHIB PRICE

SHIB PRICE $0.00000964043471

SHIB 24H VOLUME

SHIB 24H VOLUME $6,715,136.492

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SHIBA INU Price Chart

Here you can see the current price of SHIBA INU, as well as SHIBA INU price history.

What is SHIBA INU?

Shiba Inu is a cryptocurrency that was created in August 2020 by an anonymous individual or group of individuals under the pseudonym "Ryoshi." The cryptocurrency is named after the Japanese Shiba Inu dog breed, which is also the inspiration for the popular meme cryptocurrency, Dogecoin.

Like Dogecoin, Shiba Inu is a decentralized, peer-to-peer digital currency that operates on the Ethereum blockchain. It was created as an experiment in community-driven cryptocurrency development, with the aim of creating a decentralized ecosystem that is not controlled by any single entity or individual.

The Shiba Inu network is secured through a consensus mechanism known as Proof of Stake (PoS). In PoS, validators (also known as "stakers") are required to stake a certain amount of the cryptocurrency in order to participate in the network and verify transactions.

In addition to the PoS consensus mechanism, the Shiba Inu network is also secured through cryptography and the use of public and private keys to secure and authenticate transactions. The network is also designed to be resistant to various types of attacks, such as distributed denial-of-service (DDoS) attacks and Sybil attacks, through the use of various security measures and protocols.

The Shiba Inu ecosystem consists of several components, including the SHIB token, the ShibaSwap decentralized exchange, and the ShibArmy community.

The SHIB token is the native cryptocurrency of the Shiba Inu network and is used within the ecosystem to facilitate transactions, incentivize network participation, and reward users for contributing to the network's growth. The token has a total supply of 1 quadrillion tokens, with a large portion of the tokens held in a "burn wallet" to help reduce the circulating supply and increase the value of the remaining tokens.

ShibaSwap is a decentralized exchange that allows users to trade various cryptocurrencies, including SHIB, without the need for a centralized intermediary. The exchange operates on the Ethereum blockchain and is designed to be fast, secure, and easy to use. ShibaSwap also features liquidity pools that allow users to earn rewards for providing liquidity to the network.

The ShibArmy is the name given to the community of supporters and users of the Shiba Inu ecosystem. The community is made up of individuals who are passionate about the project and are dedicated to helping it grow and succeed. The ShibArmy is known for its active social media presence and its efforts to promote the project and raise awareness about the benefits of decentralized finance (DeFi).

In addition to the SHIB token, the Shiba Inu ecosystem also includes two other tokens: BONE and LEASH.

BONE is the governance token of the ShibaSwap decentralized exchange. Holders of BONE are able to vote on proposals related to the development and management of the exchange, such as changes to fees or the addition of new tokens. BONE can also be used to stake liquidity in the ShibaSwap liquidity pools, where users can earn rewards for providing liquidity to the network.

LEASH is a relatively new token in the Shiba Inu ecosystem that was introduced in May 2021. It is designed to be a limited supply token that is pegged to the price of Dogecoin. LEASH has a total supply of just 107,647 tokens and is intended to be a high-value asset for investors who are looking to speculate on the price of Dogecoin.

LEASH is also used as a reward token within the Shiba Inu ecosystem, where it can be earned through staking SHIB or BONE on the network. Holders of LEASH are able to trade it on various cryptocurrency exchanges, where its value is determined by supply and demand.

Average Fees on the Shiba Inu Network 

The average fees on the Shiba Inu network depend on a number of factors, such as the current demand for network resources, the complexity of transactions being executed, and the gas fees set by users.

Gas fees are the fees that are paid by users to miners on the network to compensate them for the computational resources required to execute transactions. These fees are denominated in Ether (ETH), which is the native cryptocurrency of the Ethereum blockchain on which Shiba Inu operates.

As of March 31, 2023, the average gas fees on the Ethereum network are around 50-100 gwei, which is equivalent to approximately $2.50-$5.00 USD per transaction. However, these fees can vary widely depending on network demand and other factors.

It's worth noting that while Shiba Inu operates on the Ethereum network, the fees associated with using the ShibaSwap decentralized exchange and other components of the Shiba Inu ecosystem may be different from the fees associated with using the Ethereum network more generally.

SHIB Token Wallets 

SHIB is an ERC-20 token, which means it is built on the Ethereum blockchain and can be stored in any wallet that supports ERC-20 tokens. Some popular options for storing SHIB tokens include MetaMask, MyEtherWallet, Ledger Nano S/X, Trust Wallet, Exodus, Atomic Wallet, Trezor, Coinomi, Guarda, etc. 

A Simple Way To Exchange SHIBA INU Here At SwapSpace

Step 1
Step 1

Choose a pair

Choose the cryptocurrencies you would like to exchange among more than 2550 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.

Step 2
Step 2

Select the best rate

You choose the rate – we do the magic! Pick up the exchange service by the rate which meets your requirements. Make sure you are okay with the selected service network fee and privacy policy: some of them require you to pass the AML/KYC procedure.

Step 3
Step 3

Transfer funds

Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!

Step 4
Step 4

Receive your coins

You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: support@swapspace.co.

Exchanging SHIBA INU: SwapSpace’s Video Tutorial

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