Shiba Inu Price Live Data
As of December 2024, Shiba Inu (SHIB) is priced at ₹0.001837, with a 24-hour trading volume of ₹35.02B. The current market capitalization stands at ₹1.08T, supported by a circulating supply of 589.25T SHIB.
Key Metrics:
- All-Time High (ATH): ₹0.007566 (Oct 28, 2021)
- All-Time Low (ATL): ₹0.086984 (Sept 1, 2020)
- Fully Diluted Valuation: ₹1.08T
👉 Track real-time SHIB/INR prices here
The Evolution of Shiba Inu: From Meme Coin to Ecosystem Powerhouse
Shiba Inu (SHIB) has defied expectations, transforming from a playful meme coin into a multifaceted blockchain project. Below, we explore its origins, technology, use cases, and future potential.
Founders and Vision
- Anonymous Creation: Launched in August 2020 by “Ryoshi,” inspired by Dogecoin.
- Mission: To build a decentralized, community-driven ecosystem with tangible utility.
- Branding: Leveraged the Shiba Inu dog meme for viral appeal, dubbing itself the “Dogecoin Killer.”
Tokenomics: Supply and Scarcity
- Initial Supply: 1 quadrillion SHIB.
- Vitalik Buterin’s Impact:
- Received 50% of supply; burned 90% (410T SHIB) and donated 10% to India’s COVID relief.
- Current Circulating Supply: ~589T SHIB.
- Deflationary Mechanism: Regular token burns to reduce supply.
Ecosystem Tokens:
- LEASH: Limited-edition token.
- BONE: Governance token for ShibaSwap.
👉 Learn how to stake SHIB for rewards
Shiba Inu’s Blockchain and Technology
Ethereum and Shibarium
- ERC-20 Foundation: Built on Ethereum for security and DeFi compatibility.
- Shibarium (Layer-2): Launched in 2023 to reduce fees and improve scalability.
Use Cases: Beyond the Meme
- Payments: Accepted by AMC Theatres, Newegg, and travel platforms.
- DeFi:
- ShibaSwap: Stake, farm yields, and trade SHIB/LEASH/BONE.
- NFTs: “Shiboshis” collection (10,000 unique assets).
- Governance: BONE holders vote on ecosystem upgrades.
- Metaverse & Gaming: Upcoming P2E games and virtual worlds.
Price History and Key Milestones
| Period | Price Range | Highlights |
|---|---|---|
| Aug 2020 | ~₹0.00000001 | Launched as an ERC-20 token with 1Q supply. |
| May 2021 | ₹0.0000388 | Binance listing; ShibaSwap launch. |
| Oct 2021 | ATH: ₹0.007566 | Vitalik’s burn; Coinbase listing; NFT release. |
| 2022–2023 | ₹0.000007–0.00002 | Bear market; Shibarium testnet launch. |
| 2024 | ~₹0.000010 | Full Shibarium rollout; metaverse development. |
Challenges Facing Shiba Inu
- Volatility: Susceptible to crypto market swings.
- Perception: Struggles to shake “meme coin” label.
- Regulation: Global crypto policies could impact growth.
- Supply Pressure: Burns help but initial oversupply remains.
Future Outlook
- Shibarium Adoption: Lower fees could attract developers.
- Metaverse Expansion: Virtual economies powered by SHIB.
- Sustainable Burns: Ongoing supply reduction efforts.
FAQs
Q: Is Shiba Inu a good investment?
A: While SHIB has utility, its price is highly volatile. Research and diversify.
Q: How do I buy Shiba Inu?
A: Purchase SHIB on exchanges like OKX or Binance using INR or stablecoins.
Q: What’s Shibarium’s purpose?
A: It’s a Layer-2 solution to reduce Ethereum gas fees for SHIB transactions.
Q: Can SHIB reach ₹0.01?
A: Possible with mass adoption and burns, but speculative.
Final Thoughts
Shiba Inu’s journey reflects crypto’s dynamic nature—balancing hype, innovation, and real-world use. Stay updated on developments to navigate its potential wisely.