Shiba Inu (SHIB) has reported a market capitalization of $4.27 billion, reflecting a slight increase of 0.2% against the US dollar in the 24-hour period ending at 8:00 AM ET on December 27th. Despite this modest uptick, trading activity remains relatively low, with approximately $73.81 million worth of SHIB changing hands on exchanges over the last day.
In the past week, the token has experienced a decline of 2.7% when compared to the dollar. Currently, one Shiba Inu token is priced at $0.0000, with its value equivalent to 0.00000000 BTC on major cryptocurrency exchanges. This price performance highlights the ongoing volatility and speculative nature of the cryptocurrency market.
Launched on August 1st, 2020, Shiba Inu has a total supply of 589,500,562,009,026 tokens, with a circulating supply of 589,551,575,078,137 tokens. This vast supply contributes to its low per-token price, which is characteristic of many meme-based cryptocurrencies.
For those looking to invest in Shiba Inu, direct purchases using US dollars are typically not available. Instead, prospective investors must first acquire established cryptocurrencies such as Ethereum or Bitcoin through exchanges like Coinbase, Changelly, or Gemini. After securing ETH or BTC, they can then trade for SHIB on those platforms.
For further details and updates, Shiba Inu maintains an active online presence through various channels. The official website can be found at shibatoken.com, and the project engages with its community via social media platforms like Twitter at @shibtoken and Reddit at r/shibarmy.
As the cryptocurrency landscape evolves, Shiba Inu continues to attract attention, both for its unique branding and its role within the broader market dynamics. Investors are encouraged to stay informed about developments and market trends that may impact their holdings.
