Shiba Inu Market Cap & Tokenomics: Understanding SHIB's Value
Interested in the world of cryptocurrency and curious about Shiba Inu? Understanding its market capitalization (market cap) and tokenomics is crucial for anyone looking to invest or simply learn more about this popular meme coin. This article delves into the details of SHIB's market cap, tokenomics, and other key metrics.
What is Shiba Inu's Market Cap?
The market capitalization of a cryptocurrency represents its total value. It's calculated by multiplying the current price of a single coin by the total number of coins in circulation. The current price of Shiba Inu is $0., with a market capitalization of $7.9 billion. This figure provides a snapshot of the overall value of all Shiba Inu coins currently in circulation.
Shiba Inu (SHIB) Price & Trading Volume
Real-time price fluctuations are a constant in the cryptocurrency market. The live Shiba Inu price today is $0. USD with a 24-hour trading volume of $317,044,763 USD. We update our SHIB to USD price in real-time. Shiba Inu is down 8.20% in the last 24 hours. Monitoring the price and trading volume provides insights into the current market sentiment and activity surrounding SHIB.
Shiba Inu Tokenomics Explained
Tokenomics refers to the economic principles and characteristics that govern a cryptocurrency. Understanding Shiba Inu's tokenomics is essential for assessing its potential long-term value.
- Total Supply: While the initial supply was astronomically high, a portion has been burned (permanently removed from circulation) to reduce supply and potentially increase scarcity.
- ERC-20 Token: Shiba tokens are ERC-20 tokens, which are fungible with equal value. This means each SHIB token is identical and interchangeable.
- Ethereum Blockchain: Running on the Ethereum blockchain, SHIB changes from Proof-of-Work (PoW) to Proof-of-Stake (PoS). This transition impacts the way transactions are verified and secured.
- Ecosystem: Shiba Inu has expanded beyond just SHIB to include other tokens like LEASH and BONE, as well as a decentralized exchange called ShibaSwap. These additions contribute to the overall ecosystem and its potential for growth.
The Origins of Shiba Inu
Created by an unidentified person known as ‘Ryoshi,’ Shiba Inu has become an internet excitement, gaining .6% since its initiation in the Ver más. Its meme-coin origins and community-driven approach have contributed to its popularity and volatility.
Understanding Trading Volume
High trading volume generally indicates strong interest and activity in a cryptocurrency. Approximately 2,302,329,130,987 SHIB were exchanged, totaling $30.9 million USD in trading. Monitoring trading volume alongside price fluctuations can provide valuable insights into market trends.
Investing in Shiba Inu: Important Considerations
Investing in cryptocurrencies, including Shiba Inu, involves inherent risks. Before investing, it's crucial to:
- Do Your Research: Thoroughly understand the technology, tokenomics, and market dynamics of SHIB.
- Assess Your Risk Tolerance: Cryptocurrency prices can be highly volatile. Invest only what you can afford to lose.
- Consider Long-Term Potential: Evaluate SHIB's long-term potential based on its ecosystem, community support, and development roadmap.
By understanding Shiba Inu's market cap, tokenomics, and related factors, you can make more informed decisions about this popular cryptocurrency.