Shiba Inu (SHIB) Market Cap Hits $9.77 Billion

Shiba Inu (SHIB) traded 6.4% lower against the U.S. dollar during the twenty-four hour period ending at 14:00 PM ET on October 1st. One Shiba Inu token can now be bought for about $0.0000 or 0.00000000 BTC on popular exchanges. Shiba Inu has a total market cap of $9.77 billion and approximately $765.89 million worth of Shiba Inu was traded on exchanges in the last day. Over the last week, Shiba Inu has traded up 13% against the U.S. dollar.

Here is how related cryptocurrencies have performed over 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 down 2.2% 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 up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 7.4% higher against the dollar and now trades at $0.0472 or 0.00000076 BTC.
• P2P Solutions foundation (P2PS) traded down 2.6% against the dollar and now trades at $162.81 or 0.00260930 BTC.

Shiba Inu Token Profile

Shiba Inu launched on August 2nd, 2020. Shiba Inu’s total supply is 589,518,379,502,086 tokens and its circulating supply is 589,267,471,023,372 tokens. The official website for Shiba Inu is shibatoken.com. Shiba Inu’s official message board is medium.com/@allhailtheshiba/all-hail-the-shiba-an-experiment-in-decentralization-87e3792e92f2. Shiba Inu’s official Twitter account is @shibtoken and its Facebook page is accessible here. The Reddit community for Shiba Inu is https://reddit.com/r/shibarmy.

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.”

Buying and Selling Shiba Inu

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

SHIB/USD price chart by TradingView