Shiba Inu Market Overview
Trading Markets
- CEX (Centralized Exchanges)
- DEX (Decentralized Exchanges)
- Spot Trading
- Perpetual Contracts
- Futures Contracts
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Key Features of Shiba Inu (SHIB)
What Is Shiba Inu (SHIB)?
Shiba Inu (SHIB) emerged in August 2020 as an anonymous creation under the pseudonym "Ryoshi." This meme coin gained rapid traction, fueled by its cute mascot and endorsements from high-profile figures like Elon Musk and Vitalik Buterin.
Positioned as an Ethereum-based counterpart to Dogecoin, SHIB aims to be the "Dogecoin Killer" and is central to the ShibaSwap decentralized exchange.
Unique Aspects of SHIB
- Community-Driven: A strong, decentralized community backs its growth.
- Ecosystem: Includes ShibaSwap, NFTs, and upcoming layer-2 solutions.
- Low-Coin Appeal: Attracts investors seeking high-risk, high-reward opportunities.
Circulating Supply
The total supply of SHIB is capped at 1 quadrillion tokens, with significant portions locked or burned to manage inflation.
Where to Buy SHIB
👉 Buy Shiba Inu (SHIB) on OKX
Available on major exchanges like Binance, Coinbase, and KuCoin.
FAQs
Is Shiba Inu a Good Investment?
SHIB is highly volatile and speculative. While it has community support, investors should research thoroughly before committing.
How Does SHIB Differ from Dogecoin?
SHIB operates on Ethereum (ERC-20) with smart contract capabilities, unlike Dogecoin’s standalone blockchain.
What Is ShibaSwap?
ShibaSwap is SHIB’s decentralized exchange for trading tokens, staking, and earning rewards.
Related Coins
Explore similar meme-inspired tokens:
- Dogecoin (DOGE)
- Baby DogeCoin (BabyDoge)
- Jindo Inu (JIND)
Disclaimer: This content includes affiliate links. Always verify independent information before investing.
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