SHIBA INU Price SHIB

#27

$0.000012

1.07%

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Price Information

1 Year Change

-18.58%

All Time High

$0.000088 -86.27%

Volume 24h

0.3 B $ 12.48%

Market Cap

7.2 B $ 1.07%

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About SHIBA INU

SHIB Price Pulse: What’s Moving It?

Shiba Inu (SHIB) is currently priced at $0.000012 with a modest 24-hour change of 0.37%. This tiny price fluctuation belies the significant market capitalization of over $7.2 billion, highlighting the coin's notable presence in the crypto space. SHIB’s price movements are often influenced by broader market sentiment around meme coins and investor speculation. Additionally, social media trends and community-driven hype play a major role in SHIB’s price pulse, often triggering short-term rallies or pullbacks.

Investors should also keep an eye on overall cryptocurrency market conditions since SHIB tends to follow larger market movements related to Bitcoin and Ethereum to some extent. Regulatory developments and adoption news, such as exchange listings or partnerships, can also cause notable price shifts.

SHIB Price Catalysts: Bull Case & Bear Case

Bull Case: Shiba Inu has built a strong and passionate community that supports its growth, which is a powerful asset for any crypto. Development efforts including the expansion of SHIB's ecosystem, like its decentralized exchange ShibaSwap and potential NFT projects, could drive demand and price appreciation. Additionally, cryptocurrency adoption overall is growing, and as more retail investors look for affordable entry points, SHIB’s low unit price can attract new interest. If the broader market enters a bullish trend, SHIB often benefits from increased speculative buying.

Bear Case: Despite its popularity, SHIB largely remains a speculative asset with high volatility and limited intrinsic value. Its price is vulnerable to sharp corrections, especially when meme coins lose favor or if there’s negative news affecting the crypto market. Regulatory crackdowns on cryptocurrencies or meme coins specifically could dampen investor enthusiasm. Furthermore, the token’s inflationary supply model can put downward pressure on prices if token issuance outpaces growing demand.

In summary, retail investors should weigh both the excitement and risks associated with SHIB, keeping in mind that it remains a highly speculative investment within a volatile market.

Frequently asked questions

Why is Shiba Inu going up right now?

Shiba Inu's current price increase is driven by a combination of positive market sentiment, active community engagement, and speculative trading. News of ecosystem developments or exchange listings can also spur buying interest, causing prices to rise temporarily.

What is the market capitalization of SHIB and why does it matter?

SHIB's market capitalization is over $7.2 billion, reflecting the total value of all tokens in circulation. Market cap helps investors gauge the relative size and market standing of the asset compared to other cryptocurrencies.

Is SHIB a good long-term investment?

SHIB is highly speculative, driven by community hype and trends. While it has potential through ecosystem developments, investors should be cautious and consider the inherent risks and volatility before investing long term.

How does SHIB’s price move relative to Bitcoin and Ethereum?

SHIB often follows broader cryptocurrency market trends influenced by Bitcoin and Ethereum price movements. When major coins rise or fall significantly, SHIB tends to move similarly due to market sentiment and investor behavior.

What are the risks of investing in Shiba Inu?

Risks include high volatility, speculative nature, regulatory uncertainty, and potential for large price corrections. The token’s inflationary supply may also dilute value if new tokens are issued without corresponding demand growth.

Where can I buy Shiba Inu?

SHIB can be bought on many popular cryptocurrency exchanges such as Binance, Coinbase, and Kraken. It's recommended to use reputable platforms and ensure secure wallet storage after purchase.

Popular SHIBA INU Exchanges

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Neverless is a new crypto trading platform created by former Revolut executives. It’s fully regulated in Europe and aims to make crypto more accessible by offering commission-free trading, competitive pricing, and support for over 700 cryptocurrencies. Users can also earn high yields on their assets and quickly buy crypto using Apple Pay or Google Pay.

Bitpanda is a European neobroker on a mission to democratize the complex world of investing. With low fees, 24/7 trading and real-time settlement, Bitpanda empowers users to shape their financial futures - on their own terms.

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Bitget, founded in 2018 during a crypto downturn, is a global exchange focused on user-centric innovation. With roots in traditional finance, its team saw blockchain’s potential early on. Today, Bitget aims to make crypto trading more accessible while promoting long-term industry growth.

Cryptomus offers a secure, user-friendly platform for buying, selling, and managing crypto, with P2P trading, staking (up to 20% APR), and mobile access for seamless transactions.

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4.9

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Kraken, founded in 2011 and based in the U.S., is a global cryptocurrency broker. It is the world's largest bitcoin exchange in terms of euro volume and liquidity.

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4.0

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Wirex is a digital payments platform that bridges crypto and traditional finance, letting users buy, hold, and spend both fiat and digital currencies with a single card.

Gemini is a regulated cryptocurrency exchange, wallet, and custodian that makes it simple and secure to buy bitcoin, ether, and other cryptocurrencies. The company is expanding internationally into Europe and Asia.

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4.0

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CoinJar is a platform for buying, selling, and managing Bitcoin and other cryptocurrencies. It caters to both everyday users and professional traders, offering user-friendly tools and ultra-competitive fees on the CoinJar Exchange. Among their products you can find a crypto wallet, exchange, and credit card.

Bit2Me is a prominent Spanish crypto broker, established in 2014. With 230+ cryptocurrencies available, it provides a safe, user-friendly, and comprehensive trading experience, underpinned by its industry-leading customer service.

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Paybis enables you to buy bitcoin with Skrill, credit and debit cards instantly. They offer 24/7 customer service, serving millions of customers in 48 U.S. states and 180+ countries worldwide.