Shiba Inu (SHIB) remains one of the most discussed cryptocurrencies in the digital asset space. This article provides a detailed look at its real-time price, market performance, and essential information for interested observers and potential investors.
Real-Time Shiba Inu (SHIB/USD) Price Overview
As of the latest update, the live price of Shiba Inu (SHIB) is $0.00001161 USD. The SHIB to USD exchange rate is updated continuously to reflect market movements.
Key market metrics include:
- 24-hour Trading Volume: $137,029,852.01 USD
- Market Capitalization: $6,840,648,569 USD
- Circulating Supply: 589,248,040,000,000 SHIB
Over the past 24 hours, the price of SHIB has decreased by approximately -3.76%. The highest price during this period was $0.00001203 USD**, while the lowest was **$0.00001151 USD.
Historical SHIB Price Performance
Analyzing past performance can provide context for SHIB's current market position and potential future movements.
2024 SHIB Price Summary
Throughout 2024, the price of Shiba Inu has experienced fluctuations within a defined range.
- 2024 Price Range: $0.00001010 USD to $0.00002489 USD
- Year-to-Date Performance: The current yield for SHIB in 2024 is approximately -43.79%. This means a $100 investment at the start of the year would now be valued at around $56.21.
2023 SHIB Price Recap
The previous year presented a different story for Shiba Inu investors.
- 2023 Price Range: $0.000008460 USD to $0.00004534 USD
- Annual Performance: SHIB recorded a positive yield of +104.47% for 2023. An initial $100 investment would have grown to about $204.47 by year's end.
All-Time High and All-Time Low
Understanding these extreme points highlights SHIB's volatile nature.
- All-Time High (ATH): SHIB reached its peak price of $0.00008845 USD on October 28, 2021. The current price is down roughly 86.88% from this record high.
- All-Time Low (ATL): The token's lowest recorded price was $0.00000000008165 USD. From this point, the current price represents an astronomical increase.
How to Analyze SHIB Price Trends
For those looking to understand the factors behind SHIB's price, several elements are worth considering. Market sentiment, overall cryptocurrency market trends, and project-specific developments all play significant roles. Monitoring trading volume alongside price changes can also indicate the strength of a market move.
Staying informed with reliable data is crucial for navigating this volatile asset class. For a deeper dive into current market analysis and tools, you can explore more advanced charting resources.
Frequently Asked Questions
What determines the price of Shiba Inu (SHIB)?
The price of SHIB is primarily determined by supply and demand on various cryptocurrency exchanges. Factors influencing this include overall crypto market sentiment, news related to the Shiba Inu ecosystem (like Shibarium updates), burning mechanisms, and broader macroeconomic conditions.
How can I buy Shiba Inu coin?
SHIB is available for purchase on numerous major cryptocurrency exchanges. The process typically involves creating an account on a reputable platform, completing any necessary verification, depositing funds (either fiat currency like USD or another cryptocurrency), and then executing a trade for SHIB.
Is Shiba Inu a good long-term investment?
Like all cryptocurrencies, Shiba Inu carries significant risk and is known for its high volatility. Its long-term value will depend on the continued development of its ecosystem, adoption rates, and its ability to maintain utility and community support. Always conduct thorough research and consider your risk tolerance before investing.
What is the difference between SHIB and DOGE?
While both are meme-inspired cryptocurrencies, they are different projects. Dogecoin (DOGE) has its own blockchain and was created earlier. Shiba Inu (SHIB) is an ERC-20 token built on the Ethereum blockchain and has developed a more complex ecosystem including DeFi platforms and its own layer-2 solution, Shibarium.
What does 'circulating supply' mean?
Circulating supply refers to the number of cryptocurrency coins or tokens that are publicly available and circulating in the market. It is a key metric for calculating market capitalization (price multiplied by circulating supply) and can influence the asset's scarcity and value.
Can the price of SHIB ever reach $1?
Given SHIB's extremely large circulating supply, reaching a price of $1 per token would require a market capitalization in the hundreds of trillions of dollars, which is highly improbable under current global economic conditions. More realistic analyses focus on smaller, incremental price movements based on market dynamics.