Hello traders,

Today, by popular demand, I’m doing an analysis on SHIBA INU. Current price action recently rebounded from current trend support and broke higher on a descending triangle which is usually a bearish pattern but, can also break higher by giving a similar target as if the price action had broken the pattern lower, which I illustrated in the “long” tool on the chart. Shib also appears to be heading towards the 5th wave of the Elliot wave in this escape. The additional target is a range between the 1.5 and 1.618 Fibonacci levels, which would cause the price action to see yet another 0 to pull off on the way to. 01 .

I remember trading a lot on DOGE on the upside and the price action was very similar. However, for best practice, it is always a good idea to plan for both an upward and a downward movement in price action. Having said that, I have provided a good buy zone on the chart if the support trend is broken. I will update when the price shows us more of the story.

For everything new to SHIBA INU, I’ve put together some useful information about the part and where to buy it below.

As always, have a green week,

advised

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Information section

SHIB price live data

SHIBA INU live price today is $ 0.000072 with 24 hour trading volume of US $ 9,276,213,951. We update our SHIB price in USD in real time. SHIBA INU is up 6.95% in the last 24 hours. CoinMarketCap’s current rank is # 9, with a live market cap of $ 39,278,326,276. It has an outstanding supply of 549,095,509,738,353 SHIB coins and the max. supply is not available.

If you want to know where to buy SHIBA INU, the main exchanges for trading SHIBA INU currently are Binance, Mandala Exchange, OKEx, FTX and Huobi Global. You can find others listed on our crypto exchanges page.

What is SHIBA INU (SHIB)?

Once upon a time there was a very special dog. This dog was a shiba inu, and this dog inspired millions of people around the world to invest money in tokens with the image of the dog on it.

According to the SHIBA INU website, SHIB is the “DOGECOIN KILLER” and will be listed on its own ShibaSwap, a decentralized exchange.

The play Shiba Inu premiered anonymously in August 2020 under the pseudonym “Ryoshi”. The coin quickly gained speed and value as a community of investors were drawn to the coin’s cute charm paired with headlines and tweets from personalities such as Elon musk and Vitalik Buterin.

Shiba Inu aimed to be the Ethereum-based counterpart of Dogecoin’s Srypt-based mining algorithm. Shiba Inu and SHIB token are part of dog-themed cryptocurrency swarm, including Baby Dogecoin (Baby Doge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS) and Alaskan Malamute Token (LASM). These lower value tokens attracted investors who missed the Dogecoin pump from 0.0002 to almost 0.75 USD.

On September 17, 2021, Coinbase, the largest US-based crypto exchange, listed Shiba Inu on its platform. This news caused the price of the Shiba Inu to increase by over 40% over the next two days, once again putting the dog meme token in the spotlight.

Who are the founders of SHIBA INU?

The SHIBA INU WoofPaper has three reasons why their team created SHIB:

“We started from zero, with zero.”

“The brilliant minds behind Shib had never collaborated before.”

“We love Shiba Inu dogs.”

The anonymous creator of the play Shiba Inu is known as “Ryoshi”. However, very little is known about the mysterious founder of the dog-themed cryptocurrency, as is the founder of Bitcoin , Satoshi Nakamoto.

What makes SHIBA INU unique?

The SHIBA INU website invites dog-inspired artists from around the world to foster the “Shiba Art Movement” as they bring their SHIBA INU community to the NFT Marketplace.

SHIBA INU also created a campaign using Amazon Smile to collect donations to save real Shiba Inu dogs live with the Shiba Inu Rescue Association.

Associated pages:

Learn more about Dogecoin .

Learn more about Dogelon Mars.

Learn more about the coin craze related to dogs.

Learn more about trading with our definition of a dead cat bounce.

Curious about the crypto space? Read our educational section – Alexandria.

Do you want to follow the prices of the Shiba Inu live? Download the CoinMarketCap mobile app!

Want to convert the Shiba Inu price today into the fiat currency of your choice? Check out the CoinMarketCap exchange rate calculator.

How many SHIBA INU (SHIB) coins are there in circulation?

The SHIBA INU website notes that they have locked 50% of the total token supply on Uniswap and “threw the keys away!” The remaining 50% were “burned at Vitalik Buterin”.

In response to the Shiba Inu team’s “gift”, Vitalik Buterin sent 50 trillion SHIB tokens, worth $ 1 billion in Shiba Inu prizes at the time, to the Covid Crypto Relief Fund of the India. Buterin then burned 40% of the total supply of a dead wallet.

There are several other tokens described on the SHIBA INU – LEASH website, which has “been unleashed and will not be rebased” and BONE, the “Dogecoin Killer”.

LEASH has a fixed supply of only 107,646 tokens and offers enticing rewards to liquidity providers, while BONE has 250,000,000 tokens and is a governance token that allows holders to vote on the Decentralized Autonomous Organization (DAO) by Shiba Inu’s Doggy.

The WoofPaper notes that you will use SHIB for DIG for BONES or ShibaSwap, or even BURY your tokens. “Trainers” can also teach their Shibas to trade tokens – all of these actions create “returns” which are placed in the puppy pools, where the #SHIARMY has the option to BURY or dig for bones.

As of early May 2021, dog-themed memes like Shiba Inu saw transaction volumes of several hundred million dollars. The price of the Shiba Inu has reached a All the time high ( ATH ) of 0.00005 on May 10, 2021, before trending down since.

On May 13, Vitalik Buterin (who received half of the supply of tokens from the developers) announced that he was donating a large amount of these tokens to a fund helping India alleviate COVID. The developers at SHIBA had not planned for Buterin to sell its tokens, so the relief fund (as of May 18) will have to figure out how to sell the tokens to use the aid money without preventing market shocks on the market. SHIB market. Upon hearing of Buterin’s announcement, the price of Shiba Inu has fallen by 44%.

How is the SHIBA INU network secured?

According to SHIB’s 22-page WoofPaper, SHIB is a ERC-20 token based on Ethereum , a proof of work blockchain in transition to proof of stake.

Where can you buy SHIBA INU (SHIB)?

SHIB is listed on Huobi, Binance, Coinbase, Gate. io , Uniswap (V2) and OKEx, among other exchanges.

To check the live Shiba Inu price in the fiat currency of your choice, you can use CoinMarketCap’s conversion feature directly on the Shiba Inu currency page. You can also use the page dedicated to the exchange rate converter. Popular Shiba Inu price pairs include: SHIB / USD, SHIB / GBP, SHIB / AUD, and SHIB / EUR.


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