Shiba Inu (SHIB) is a decentralized, community-led cryptocurrency ecosystem built on the Ethereum blockchain. Originally launched as a meme-based project, it has evolved into a comprehensive financial ecosystem designed to offer a decentralized alternative to traditional banking. Its main value proposition lies in its transition from a social phenomenon into a functional utility network, supported by a vast global community known as the ShibArmy and a commitment to 100% community ownership with no central leadership.
The ecosystem features its own decentralized exchange, ShibaSwap, where users can trade, provide liquidity, and earn rewards. To address Ethereumโs high costs and slow speeds, the project utilizes Shibarium, a Layer 2 scaling solution that processes transactions faster and more affordably.
The project employs a unique three-token model to manage its economy and governance. SHIB serves as the primary currency for trading and payments, while LEASH offers scarcity-based incentives for dedicated supporters. BONE acts as the governance token, allowing holders to vote on proposals through the Doggy DAO and serving as the native gas token for the Shibarium network.
The current live price of Shiba Inu (SHIB) is $0.000005 USD as of the most recent market update. This price is aggregated from major cryptocurrency exchanges and reflects the global market consensus for Shiba Inu tokens. The cryptocurrency market operates 24/7, meaning SHIB prices update continuously throughout the day, unlike traditional stock markets that have defined trading hours.
Key Market Metrics for SHIB:
The market capitalization of $3.07B places Shiba Inu among significant digital assets in the cryptocurrency ecosystem. The 24-hour trading volume of $98.46M indicates moderate trading activity and market participation. The volume-to-market-cap ratio provides insights into the token's liquidity profile and trading efficiency.
For investors tracking SHIB, the price data shown on Pricify is sourced from CoinGecko's detailed API, providing reliable and up-to-date market information. The current bearish sentiment with a decline of 0.30% in the last 24 hours offers a snapshot of recent market dynamics affecting Shiba Inu.
The all-time high price of Shiba Inu was $0.000086, reached on October 27, 2021. The current price of $0.000005 represents a 94.0% decline from the all-time high, which is a common metric used by investors to gauge potential upside relative to historical price levels.
Indian investors have several options to purchase Shiba Inu (SHIB) through registered cryptocurrency exchanges. The process involves creating an account on a crypto exchange, completing KYC verification, depositing Indian Rupees (INR), and placing a buy order for SHIB. Below are the most popular and trusted platforms for buying cryptocurrencies in India.
Coinbase is the largest publicly traded cryptocurrency exchange in the world, offering a secure and regulated platform to buy, sell, and store Shiba Inu and 200+ other cryptocurrencies. With advanced security features, FDIC insurance on USD balances, and an intuitive interface, Coinbase is ideal for both beginners and experienced traders. Indian users can sign up, complete verification, and start trading SHIB with INR deposits via P2P or USDT pairs. Join Coinbase today to buy Shiba Inu and earn rewards.
Binance is the world's largest cryptocurrency exchange by trading volume, offering deep liquidity for SHIB trading pairs including SHIB/USDT, SHIB/BUSD, and more. Binance provides advanced trading features including spot trading, futures, margin trading, staking, and earn products. Indian users can access Binance through its global platform and use P2P trading to buy Shiba Inu with INR. Register on Binance to trade SHIB with one of the lowest fee structures in the industry.
WazirX is one of India's most popular cryptocurrency exchanges, offering direct INR deposits via UPI, net banking, and bank transfers. The platform is fully compliant with Indian regulations and provides a seamless experience for buying Shiba Inu with Indian Rupees. With the WazirX auto-buy feature, you can set up recurring purchases of SHIB to average your entry price over time. Sign up on WazirX to start investing in Shiba Inu with INR directly.
Steps to Buy SHIB in India:
Disclaimer: Cryptocurrency investments are subject to high market risk and price volatility. Past performance does not guarantee future returns. Please do your own research and consider consulting a financial advisor before investing in digital assets. The Indian government has imposed a 30% tax on crypto gains and 1% TDS on transactions.
Understanding the price history of Shiba Inu (SHIB) is crucial for making informed investment decisions in the cryptocurrency market. Shiba Inu\'s price journey reflects the broader trends in the Meme sector as well as project-specific developments, market sentiment shifts, and the evolving regulatory landscape for digital assets.
The current price of $0.000005 shows a negative trend over the last 24 hours with a change of 0.30%. Looking at broader timeframes, the 7-day change of 9.74% (down) and 30-day change of 0.52% and 1-year change of 53.67% provide context for medium to long-term price trends.
Key Price Levels for SHIB:
The interactive chart above allows you to analyze Shiba Inu\'s price action across multiple timeframes โ from intraday 1D charts for short-term traders to all-time charts for long-term investors. Use the chart tabs to switch between 1-day, 7-day, 1-month, 3-month, 1-year, and all-time views. The chart includes price data points and trend visualization to help identify support and resistance levels, trendlines, and potential breakout patterns for SHIB.
Technical analysis of Shiba Inu should be combined with fundamental factors such as network activity, development updates, partnership announcements, and overall market conditions in the Meme sector. The volume data of $98.46M in the last 24 hours provides insight into the level of market participation and liquidity available for SHIB traders.
Here are other popular cryptocurrencies that investors tracking Shiba Inu (SHIB) may also be interested in. These coins represent different categories and market cap ranges within the cryptocurrency ecosystem, providing diversification opportunities for crypto portfolios.
The current live price of Shiba Inu is $0.000005 USD. The price is updated in real-time from CoinGecko's aggregated market data across multiple cryptocurrency exchanges. In the last 24 hours, SHIB has traded between $0.000005 and $0.000005, with a 24-hour change of 0.30%.
Indian users can buy Shiba Inu through popular cryptocurrency exchanges like Coinbase, Binance, or WazirX. The process involves creating an account, completing KYC verification with Aadhaar/PAN, depositing INR through UPI or bank transfer, and placing a buy order for SHIB on the exchange.
The current market capitalization of Shiba Inu is approximately $3.07B. Market cap is calculated by multiplying the current price ($0.000005) by the circulating supply (589,238,379,380,865 SHIB tokens). This metric ranks Shiba Inu among other digital assets in the cryptocurrency ecosystem.
Shiba Inu is classified under the Meme category. The Meme sector of the cryptocurrency market includes projects that share similar technological characteristics, use cases, and market dynamics. Investors often use category classification to build diversified crypto portfolios and compare project performance within the same sector.
Whether Shiba Inu (SHIB) is a good investment depends on your individual risk tolerance, investment goals, and market outlook. The cryptocurrency market, including the Meme sector, is known for high volatility. The current price of $0.000005 is 94.0% below its all-time high of $0.000086. We recommend conducting thorough research, diversifying your portfolio, and consulting a financial advisor before investing in cryptocurrencies. Use our interactive chart and market data above to conduct your own analysis of Shiba Inu.