Learn what the Shiba Inu coin is in one article

Shiba Inu Coin is a cryptocurrency based on the dog meme, launched in 2021, with its name and logo inspired by the Shiba Inu emoticon. Its creator, Ryoshi, describes himself as an anonymous Japanese technology expert, but its origins are unclear and it is not regulated by a specific country or organization.

Shiba Inu Coin: a cryptocurrency based on the dog meme

What is Shiba Inu Coin currency?

Shiba Inu Coin is a cryptocurrency based on the dog meme that was launched in August 2021. Its name and logo are inspired by the popular Shiba Inu meme.

Which country does the Shiba Inu coin come from?

The creator of Shiba Inu Coin describes himself as an anonymous Japanese technology expert, using the pseudonym Ryoshi. However, the specific origins of Shiba Inu Coin are unclear and it is not regulated by any specific country or organization.

Shiba Inu Price Increases, Trading Volume Surges

As of September 5, 2024, the price of Shiba Inu (SHIB) is $0.000013365572312109, rising in 24 hours 1.9105315%. Trading volume surged to $161,074,392.21243.

Factors for price movement

The recent increase in SHIB price may be attributed to several factors, including optimism about the cryptocurrency market in general, as well as the token’s recent Some positive news, such as integration with well-known payment processors.

Future Price Outlook

Despite recent price increases, there remains uncertainty about SHIB's future price movements. The cryptocurrency market is known for its volatility, which is affected by various factors such as economic conditions and the regulatory environment.

Recommended Action

Due to the volatility in the price of SHIB, it is important to conduct thorough research and consider the risks before investing in any cryptocurrency.

Short Term Forecast

From a technical perspective, the price of SHIB appears to be forming an upward trend. If this trend continues, prices may continue to rise. However, it is important to remember that cryptocurrency markets are unpredictable and prices can reverse at any time.

Indicators

• Current price: 0.000013365572312109 USD
• 24 hour trading volume: 161,074,392.21243 USD
• Circulation volume: 5.892 6984192564 E+14
• Total supply: 5.8926984192564E+14
• Circulating market value: 787,592,8683.6022 USD

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