Shiba Inu was soon dubbed the “doge-killer” as the token gained more than 800% in the month of October 2021. As of 25 August 2022, DOGE is about 90% below its record high. It was also around the same time, in early May 2021, that the original shiba inu dog meme coin DOGE was making headlines by scaling multiple peaks. SHIB remained rangebound for the rest of 2020 and only saw a breakout in its price in May 2021 as the token hit a high of about $0.00038 on, after crypto exchange FTX listed it for the first time. Price action: Rise to ATHĪt the time of its launch in August 2020, SHIB was trading at around $0.0000000001, data from CoinMarketCap showed. BONE is exclusively accessible via ShibaSwap and has a max supply of 250 million tokens. According to its official website, LEASH has a total supply of 107,646 tokens.īONE is a governance token for Shiba Inu’s DAO called the Doggy DAO ( decentralised autonomous organisation) that allows holders to vote on improvement proposals for the Shiba Inu ecosystem. LEASH is an incentive token used on ShibaSwap to offer rewards to liquidity providers on the DEX. Other Shiba Inu ecosystem tokens, including LEASH and BONE, were released to help its network grow. SHIB’s current circulating supply was about 549 trillion tokens, according to CoinMarketCap. SHIB was ranked the 12th largest cryptocurrency with a market capitalisation of $7.6bn on 25 August 2022. Meanwhile, blockchain data aggregator IntoTheBlockrevealed that SHIB has a high concentration of large holders, who held about 81% of the token’s total supply. According to CoinMarketCap, the number of unique wallet addresses holding SHIB was more than 1.2 million, as of 25 August 2022.ĭata from CoinMarketCap also showed more than 41% of SHIB’s total supply had been burnt and was stored in a dead address. Since its launch, the number of SHIB holders gradually increased as the token has been listed on numerous crypto exchanges across the world including Binance, Coinbase, FTX, Robinhood and more. Buterin also burnt 40% of Shiba Inu’s total supply by sending them to a “dead wallet”, according to Shiba Inu’s website. In July 2021, Buterin donated 50 trillion SHIB coins, which represented 5% of its total supply, to India’s Covid-19 relief fund. Half of the total supply was locked in Ethereum-based DEX called Uniswap while the other half was sent to Ethereum co-founder Vitalik Buterin “for safekeeping”. We’ve built from nothing, never paid an exchange for a listing, and revolutionised ‘meme’ tokens by growing exponentially.” Tokenomics: 1 quadrillion tokensĪccording to its website, Shiba Inu initially had a supply of 1 quadrillion tokens. “The ethos of Ryoshi to remain anonymous and have no input on the direction of Shib, makes our mythos even more mystic and impressive. This piece will look into SHIB’s historical price performance, origin, founders, recent news and analyst Shiba Inu price predictions for 2030 and beyond. Let’s take a deep dive to assess whether Shiba Inu belongs in an investor’s long-term portfolio. However, Shiba Inu’s community of developers has been working behind the scenes to change this perception of SHIB, which is currently the 12th largest cryptocurrency in the world, boasting a market capitalisation of $7.6bn. As such, Shiba Inu long-term price predictions are few and far between. The token is widely considered a meme coin with near-zero utility and is seen by many as nothing more than a speculative asset. However, Shiba Inu’s status as a long-term investment has always been questioned. SHIB’s low price and wide availability have attracted many investors to the dog-themed meme coin to try their luck in making a quick buck from the token’s rise and fall. Shiba Inu ( SHIB) has emerged as one of the world’s most popular cryptocurrencies. Shiba Inu price prediction for 2030 and beyond.US30 US Wall Street 30 (USA 30, Dow Jones)
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