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Shiba Inu token (ticker: SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person or group using the pseudonym "Ryoshi". [1] It is inspired by the Shiba Inu (柴犬), a Japanese dog breed, which also serves as the mascot for Dogecoin , another cryptocurrency with meme origins.
The meme tokens Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) traded 4.3% and 4.6% lower, respectively. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day.
Meanwhile, Shiba Inu (CRYPTO: SHIB) has posted gains of 114% over the last year. It has a market cap shy of $13 billion and ranks as the 15th-largest cryptocurrency.
The Shiba Inu (CRYPTO: SHIB) cryptocurrency opened at a price of $0.00000000008 per token in 2021 before soaring by a whopping 107,499,900% to a peak of $0.000086 in October of that year. But ...
At $0.01, Shiba Inu's market value would be a gargantuan $5.9 trillion (based on the current token count), making it more valuable than the most dominant tech businesses shaping our economy today.
At the end of October 2021, the price of shiba inu cryptocurrency rose by over 173% in just a matter of a week, and it plummeted almost as fast. ... Remember how significantly shiba inu’s price ...
Using a few back-of-the-envelope calculations, that leads to a $32 billion market cap for Shiba Inu and an implied price of $0.00005 per token. From my perspective, though, this approach is not ...
At the current token price, Shiba Inu has a market capitalization of about $18 billion. Simple math suggests that at a price of $1 per token, its market cap would be $589.3 trillion.