Shiba Inu's current price is $0.00001492, with a 2.02% increase in the last 24 hours and a market capitalization of $8.79 billion. The coin's 24-hour trading volume is $264.15 million, and its circulating supply is 589.24 trillion SHIB tokens.
Recent Updates:
- Burn Rate Increase: Shiba Inu's burn rate has surged by 364%, which could positively impact the coin's price due to reduced supply.
- Community Engagement: The Shiba Inu community remains active, with discussions around potential partnerships and adoption.
- Market Predictions: Analysts predict Shiba Inu's price could reach new highs in 2025, with some speculating a possible 20x rally.
Shiba Inu Ecosystem Developments:
- ShibaSwap: The coin's designated decentralized exchange (DEX) continues to grow, offering various trading pairs and yield farming opportunities.
- Metaverse and Shibarium: Shiba Inu's upcoming Metaverse and Shibarium blockchain are expected to enhance the ecosystem's functionality and user experience.
- NFTs and Play-to-Earn Games: The Shiba Inu ecosystem includes non-fungible tokens (NFTs) and play-to-earn games, providing additional use cases for the SHIB token