Bid/Ask

0.00000693 / 0.00000694

Vol (24H)

84.34M

Market Cap

4.08B

Day's Range

0.00000687-0.00000703

52 wk Range

0.00000538-0.00001572

Max Supply

-

Circulating Supply

SHIB589.35T

Rank

19

Chg (7D)

-0.17%

1 Month

-5.20%

1 Year

-30.77%

YTD

-14.23%

Strong Sell

How and where to buy Shiba Inu coin

You can buy Shiba Inu coin by creating an account with your preferred exchange or broker and funding your account. Search for SHIB on the exchange or broker and input the amount of Shiba Inu coin you want to buy.

What is Shiba Inu coin?

Shiba Inu is the Ethereum variant of the popular Scrypt programmed Dogecoin. Launched officially in August 2020 by an anonymous group of developers called Ryoshi, Shiba Inu is an ERC-20 token that aims to topple Dogecoin from the meme coin throne. The name of the digital asset is inspired by Shiba Inu, a breed of dog from Japan. Shiba and other pet-inspired digital assets are collectively known as meme coins. Discover more about what crypto is and how it works in our Academy.

Is Shiba Inu coin legit?

Yes, Shiba Inu is legit. The crypto asset has proved its legitimacy in real-world use cases by gradually building a booming ecosystem and keying into the fast-rising decentralized finance (DeFi) ecosystem through its ShibaSwap decentralized exchange (DEX) platform. It is also launching a non-fungible token (NFT) game called Shiboshis which will heavily rely on SHIB, BONE, and LEASH coins to access the platform.

How to mine Shiba Inu coin

Although Shiba Inu coin operates on the current Ethereum network that uses Proof-of-Work (PoW), it cannot be mined directly. At its launch, over one quadrillion SHIB tokens were pre-mined and burnt, with 50 locked permanently on UniSwap. The only way to mine Shiba Inu coin is by using an entirely different algorithm and then converting it to SHIB.

How to sell Shiba Inu coin

Shiba Inu coin can be exchanged for fiat or another digital asset like every other cryptocurrency. To do this, you will need to register with a cryptocurrency broker and own Shiba Inu coin in your wallet. Once you are ready to sell or cash in on your profits, you can place a sell order and choose a withdrawal method. Since it is a cryptocurrency, you can get your funds deposited into your regular account within hours.

When was Shiba Inu coin created?

Shiba Inu was created in early August 2020 and has since become a serious rival to Dogecoin. The asset has displaced many DOGE wannabes like Jindo Inu, Alaska Inu, Baby Dogecoin, and several others.

Who created Shiba Inu coin?

Shiba Inu coin was developed by an anonymous creator or group named ‘Ryoshi’. As contained in the Woof Paper, a variant of a regular whitepaper, Ryoshi attributes Shiba Inu’s origins to an “experiment in decentralized spontaneous community building” meant to topple Dogecoin from the meme throne. Ryoshi believed that Shiba Inu coin would surpass the foremost joke cryptocurrency without hitting a 10 cent valuation.