Shiba Inu (SHIB) is an Ethereum-based token initially created as a meme currency parodying Dogecoin. Despite its humorous origins, it rapidly gained popularity and now boasts a thriving ecosystem including decentralized exchange platforms.
SHIB to IDR Calculator
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Key Market Statistics
| Metric | Value | Definition |
|---|---|---|
| Market Capitalization | IDR 112.96 trillion | The total market value of circulating SHIB supply |
| 24H Trading Volume | IDR 2.33 trillion | Total SHIB traded across tracked platforms in last 24 hours |
| Volume/Market Cap Ratio | 2.06% | Liquidity indicator showing trading volume relative to market size |
| Fully Diluted Valuation | IDR 113.01 trillion | Market cap if maximum SHIB supply were circulating |
| All-Time High Price | IDR 1 | Highest historical price SHIB has reached |
| Circulating Supply | 589.25 trillion SHIB | Tokens currently available in the market |
| Total Supply | 589.50 trillion SHIB | All created tokens minus any burned tokens |
About Shiba Inu (SHIB)
Emerging from the same "dog coin" lineage as Dogecoin, Shiba Inu has transformed from a joke cryptocurrency to a serious project with real-world applications.
👉 Discover how SHIB compares to other top meme coins
How Shiba Inu Works
As an ERC-20 token, SHIB operates on the Ethereum blockchain, benefiting from smart contract capabilities. The ecosystem includes:
- ShibaSwap: A decentralized exchange (DEX) enabling token swaps
- Staking/Farming: Yield-generating features for token holders
- Three-Token System: SHIB, LEASH, and BONE each serving unique functions
Unique Advantages of SHIB
- Strong Community: The "Shib Army" actively promotes adoption
- Low Barrier to Entry: Affordable per-token price invites small investors
- Decentralized Governance: Community-driven development decisions
- Viral Marketing: Meme culture drives organic awareness
Potential Drawbacks
- High Volatility: Common among meme cryptocurrencies
- Utility Questions: Still developing real-world use cases
- Competition: Many alternative meme coins vying for market share
SHIB Tokenomics Explained
Key characteristics that define Shiba Inu's economic model:
- Burn Mechanism: Reducing supply to potentially increase value
- Three-Token Ecosystem: SHIB (base currency), LEASH (reward token), BONE (governance token)
- ShibaSwap Features: 'Dig' (farming), 'Fetch' (swapping), 'Bury' (staking) functions
Historical Milestones
- August 2020: SHIB launched
- May 2021: Vitalik Buterin burns 90% of his SHIB holdings
- Mid-2021: ShibaSwap DEX launched
Frequently Asked Questions
Q: Is Shiba Inu a good investment?
A: Like all cryptocurrencies, SHIB carries risk. Its meme coin status means price often follows social trends rather than fundamentals. Always research thoroughly before investing.
Q: How does SHIB differ from Dogecoin?
A: While both started as meme coins, SHIB offers more technical features like its DEX and three-token system. SHIB also runs on Ethereum rather than its own blockchain.
Q: Can SHIB reach $1?
A: Given SHIB's massive circulating supply, reaching $1 would require unprecedented market growth. Most analysts consider this extremely unlikely in the near term.
👉 Learn more about cryptocurrency valuation methods
Final Thoughts
Shiba Inu represents an intriguing case study in cryptocurrency evolution - transitioning from joke to serious project. While risks remain inherent to meme coins, SHIB's strong community and expanding ecosystem make it one to watch in the altcoin space.
When considering SHIB or any cryptocurrency, remember to:
- Only invest what you can afford to lose
- Diversify your portfolio
- Stay updated on project developments
- Consider both technical and fundamental factors