Shiba Inu (SHIB) Achieves Market Cap of $14.02 Billion

Shiba Inu (SHIB) traded down 2.6% against the U.S. dollar during the 24 hour period ending at 7:00 AM ET on January 5th. Shiba Inu has a market cap of $14.02 billion and $428.96 million worth of Shiba Inu was traded on exchanges in the last day. One Shiba Inu token can now be bought for about $0.0000 or 0.00000000 BTC on major cryptocurrency exchanges. During the last week, Shiba Inu has traded 7.3% higher against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 0.2% against the dollar and now trades at $97,374.27 or 0.99601203 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.3% against the dollar and now trades at $96,613.92 or 0.98823471 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Shiba Inu

Shiba Inu launched on August 2nd, 2020. Shiba Inu’s total supply is 589,508,453,175,974 tokens and its circulating supply is 589,255,330,539,337 tokens. The official website for Shiba Inu is shibatoken.com. The Reddit community for Shiba Inu is https://reddit.com/r/shibarmy. Shiba Inu’s official Twitter account is @shibtoken and its Facebook page is accessible here. Shiba Inu’s official message board is medium.com/@allhailtheshiba/all-hail-the-shiba-an-experiment-in-decentralization-87e3792e92f2.

According to CryptoCompare, “Shiba Inu (SHIB) is a memecoin and Ethereum-based cryptocurrency that was launched as a community project in 2020 by an anonymous individual or group called Ryoshi. It features a Shiba Inu dog as its mascot and has a circulating supply of one quadrillion tokens. The Shiba Inu ecosystem includes SHIB, the native token; Leash (LEASH), the native currency of the Shiba Inu decentralized exchange (ShibaSwap); and Bone (BONE), the governance token. The ecosystem also includes ShibaSwap, non-fungible tokens (NFTs), an upcoming Metaverse, play-to-earn games, and a decentralized autonomous organization (DAO) called the DoggyDAO. SHIB was created as an experiment in decentralized spontaneous community building and has over one million holders on the Ethereum network. It differs from Dogecoin in that it is built on top of the Ethereum blockchain and has a number of tokens and applications surrounding it that do not support DOGE.”

Buying and Selling Shiba Inu

It is usually not presently possible to buy alternative cryptocurrencies such as Shiba Inu directly using US dollars. Investors seeking to trade Shiba Inu should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Shiba Inu using one of the exchanges listed above.

SHIB/USD price chart by TradingView