The live Shiba Inu price today is $0.000011 USD with a 24-hour trading volume of $242,929,899 USD.Get detailed Shiba Inu cryptocurrency price news, analysis and more on Memecoin Exchange.
SHIB is the main token of Shiba Ecosystem, bringing the power of a decentralized, community-led currency to millions across the globe.
The Price Of SHIB Surged By Almost 8% In The Past Week
The price of Shiba Inu coin went up 7.28% weekly. Moreover the prominent Shib Burn Tracker Shibburn shared that over the past seven days, the Shiba Inu army managed to burn 2,543,787,247 SHIB.Over the past 24 hours, nearly a billion Shiba Inu coins were burned; that is slightly less than half of the SHIB amount that has been destroyed in the past seven days.
The Shibarium potential is enormous as it is expected to revolutionize the Shiba Inu ecosystem and the crypto space.The Shibarium project will help Shiba Inu evolve into more than a memecoin.Users can access Shibarium’s test tokens through private test network portals.
RELATED READING : Shiba Inu | Staggering Amount Of SHIB Moved To An Anonymous Address
The SHIB army expects the release of Shibarium to push the price of SHIB up as tons of Shiba Inu tokens will be burned for every transaction.One of the goals of the hotly anticipated Shibarium Layer 2 solution is to burn trillions of tokens.As more users transfer, pay or utilize Shiba Inu in any way, more tokens are sent to the burn address.
The Shibarium testnet called Puppynet was launched last Saturday. However, according to Kusama, there will be more testnets later to fix all the bugs that the developer team comes across.
What is Shiba Inu?
Shiba Inu is a cryptocurrency that was created in 2020 by a mysterious person who calls themselves Ryoshi. The name āShiba Inuā was stolen from the fluffy dog that was the subject of many memes at the time.The coin started as a joke it was meant as a kind of parody of Dogecoin, which was rising fast in both price and popularity despite having little use in the real world. In fact, Shiba Inu called itself a āDogecoin killer
.āShiba Inu runs on the Ethereum blockchain, and while each token or coin is worth just a fraction of a cent, the price went wild in 2021 turning a few early investors into millionaires.While prices have gone back down from whence they came, it still remains one of the most popular cryptos.The Shiba Inu development team is currently busy working on two major projects: SHIB Metaverse and the much-awaited Layer 2 protocol, Shibarium.
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