Shiba Inu | Shib’s Value Increased by 14% in the Past Week

The live Shiba Inu price today is $0.000012 USD with a 24-hour trading volume of $387,985,953 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.

In the past week Shiba Inu’s value has increased by 14%

Shiba Inu represents an increase of 14% in the past 7 days and 3.42% increase in the past 24 hours.Shiba Inu token has risen 23% against Dogecoin since the beginning of January and 55% in the past two months.

The creators of Shiba Inu are currently working away on a metaverse called Shibarium.This is set to go live any day now.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 although it has yet to be officially deployed.

Shytoshi Kusama repeatedly stated that the launch of Shibarium would take place in the near future.In addition ShibaInu gets another boost as Robinhood App launches Wallet. The wallet which had been in development for a while will support over 50 cryptocurrencies, allowing users to not only transfer their digital assets but to also swap them for other cryptocurrencies.

Related reading : Shiba Inu | The Most Anticipated Shibarium to Launch Soon

Moreover In the past 24 hours, there have been a total of 33,152,437 SHIB tokens burned and 15 transactions. Visit shibburn.com to view the overall total of SHIB tokens burned.

What is Shiba Inu?

Shiba Inu is a cryptocurrency that was created in 2020 by a mysterious person who calls themselves Ryoshi. The name ‘Shiba Inu’ 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 “Dogecoin killer.”

Shiba 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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