Current Price: The live price of Shiba Inu is around $0.000015 to $0.000016 USD.
Recent Performance:
* Last 24 Hours: SHIB has seen a decrease of approximately 1.10% to 6.81% in the last 24 hours.
* Last 7 Days: Despite the recent dip, SHIB has shown a positive trend over the past week, with gains ranging from 2.16% to 9.72%.
* Last Month: The price has increased significantly over the past month, with gains around 23.07% to 31.58%.
* Year-to-Date: SHIB has decreased by approximately 28.82%.
* Last Year: The price has decreased by a more substantial amount, around 37.20% to 40.48%.
Key Statistics:
* Market Cap: The live market capitalization of Shiba Inu is approximately $8.72B to $9.43B USD, ranking it around #15 or #16 among cryptocurrencies.
* Circulating Supply: There are approximately 589.25 Trillion SHIB coins in circulation, which is almost the entire max and total supply.
* 24-Hour Trading Volume: The trading volume over the last 24 hours is significant, ranging from $337.60M to $505.85M USD.
* All-Time High: SHIB reached its all-time high of approximately $0.000088 to $0.000090 USD on September 8, 2021. The current price is significantly lower than this peak.
Technical Analysis and Sentiment:
* Recent analysis suggests that SHIB has faced some resistance around the $0.000018 to $0.000020 levels. Breaking above these could indicate further bullish momentum.
* A decline in both price and volume in the very short term might signal a potential trend reversal or a loss of interest from some market participants.
* However, on-chain data indicates that long-term holders are showing resilience and are not panicking during short-term price corrections.
* The 50-day and 200-day moving averages suggest a weak trend, with the 200-day MA acting as potential resistance.
* The Relative Strength Index (RSI) is currently in the neutral zone, indicating neither overbought nor oversold conditions.
Shiba Inu Price Prediction for 2025:
Price predictions for Shiba Inu in 2025 vary significantly, reflecting the speculative nature of meme coins:
* Conservative Estimates: Some analysts predict SHIB to trade in a range between $0.0000123 and $0.0000721, with an average around $0.00001359 to $0.00002135.
* Optimistic Estimates: More bullish predictions suggest SHIB could reach higher values, with some even mentioning targets as high as $0.0005674 or even $0.0006678 later in the year or in early 2026.
* Factors Influencing Price: The future price of SHIB will likely depend on factors such as:
* Adoption and utility of the Shiba Inu ecosystem (including Shibarium and new projects).
* Burn rate of SHIB tokens, which can reduce the circulating supply and potentially increase price.
* Overall market sentiment towards cryptocurrencies and meme coins.
* Developments in Layer-3 solutions like Shibarium L3.
* Whale activity (large holders buying or selling).
General Information about Shiba Inu:
Shiba Inu (SHIB) was created in August 2020 as an alternative to Dogecoin, another popular meme coin. It aims to be an Ethereum-based token with a strong community focus. Unlike Bitcoin's scarcity model, SHIB was launched with a very large total supply of one quadrillion tokens.
Key aspects of the Shiba Inu ecosystem include:
* ShibaSwap: A decentralized exchange (DEX) for trading SHIB and other tokens in the ecosystem, featuring functionalities like staking ("BURY"), providing liquidity ("DIG"), and swapping ("SWAP").
* LEASH and BONE: Besides SHIB, the ecosystem includes other tokens like LEASH (with a smaller supply) and BONE (a governance token used for voting on proposals).
* Shibarium: A Layer-2 scaling solution designed to improve transaction speeds and reduce gas fees for the Shiba Inu ecosystem. The development of a Layer-3 solution on top of Shibarium is also underway.
* Community (SHIBArmy): Shiba Inu has a large and active online community that plays a significant role in promoting and developing the project.
* Use Cases: While initially conceived as a meme coin, the Shiba Inu team is working on expanding its utility through various projects, including NFTs and potential metaverse integrations.
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