Shiba Inu (SHIB) Reaches Market Capitalization of $10.75 Billion

Shiba Inu (SHIB) traded down 2% against the US dollar during the 1 day period ending at 11:00 AM E.T. on October 31st. One Shiba Inu token can currently be purchased for approximately $0.0000 or 0.00000000 BTC on popular cryptocurrency exchanges. Shiba Inu has a market capitalization of $10.75 billion and $397.23 million worth of Shiba Inu was traded on exchanges in the last day. During the last seven days, Shiba Inu has traded 2.6% higher against the US dollar.

Here’s how similar cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded down 2.1% against the dollar and now trades at $70,845.25 or 1.00250506 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2.1% lower against the dollar and now trades at $70,767.03 or 1.00139823 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Shiba Inu Token Profile

Shiba Inu’s genesis date was August 2nd, 2020. Shiba Inu’s total supply is 589,518,256,523,763 tokens and its circulating supply is 589,266,949,950,894 tokens. The Reddit community for Shiba Inu is https://reddit.com/r/shibarmy. The official message board for Shiba Inu is medium.com/@allhailtheshiba/all-hail-the-shiba-an-experiment-in-decentralization-87e3792e92f2. The official website for Shiba Inu is shibatoken.com. Shiba Inu’s official Twitter account is @shibtoken and its Facebook page is accessible here.

According to CryptoCompare, “Shiba Inu (SHIB) is a memecoin and Ethereum-based cryptocurrency that was launched as a community project in 2020 by an anonymous individual or group called Ryoshi. It features a Shiba Inu dog as its mascot and has a circulating supply of one quadrillion tokens. The Shiba Inu ecosystem includes SHIB, the native token; Leash (LEASH), the native currency of the Shiba Inu decentralized exchange (ShibaSwap); and Bone (BONE), the governance token. The ecosystem also includes ShibaSwap, non-fungible tokens (NFTs), an upcoming Metaverse, play-to-earn games, and a decentralized autonomous organization (DAO) called the DoggyDAO. SHIB was created as an experiment in decentralized spontaneous community building and has over one million holders on the Ethereum network. It differs from Dogecoin in that it is built on top of the Ethereum blockchain and has a number of tokens and applications surrounding it that do not support DOGE.”

Shiba Inu Token Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Shiba Inu directly using U.S. dollars. Investors seeking to trade Shiba Inu should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Shiba Inu using one of the aforementioned exchanges.

SHIB/USD price chart by TradingView