Shiba Inu (SHIB) has emerged as one of the most prominent meme-inspired cryptocurrencies, capturing significant attention within the digital asset space. This article provides a comprehensive overview of SHIB's current price, historical performance, market capitalization, and all-time high data, offering valuable insights for both new and experienced investors.
Understanding these metrics is essential for evaluating the potential and risks associated with SHIB. We'll explore its price history, market cap comparisons, and what these figures mean in the broader context of the cryptocurrency market.
Current Shiba Inu (SHIB) Market Overview
As of the latest data, Shiba Inu holds a strong position in the cryptocurrency rankings. Here’s a snapshot of its current market status:
- Rank: #23
- Current Price: $0.000012 (approx.)
- Market Capitalization: $6,969,889,341
- Market Dominance: 0.2002%
- 24-Hour Trading Volume: $136,842,616
- Circulating Supply: 589,248,082,875,287 SHIB
- Maximum Supply: 589,502,698,968,501 SHIB
These figures highlight SHIB's substantial presence in the market, driven by a large and active community of supporters.
Historical Price Change and Performance
Shiba Inu's price has experienced significant volatility since its inception. The following table summarizes its performance across various time frames:
| Time Period | Price Change |
|---|---|
| 1 hour | -0.76% |
| 24 hours | +5.65% |
| 7 days | +2.52% |
| 14 days | +2.26% |
| 30 days | -7.91% |
| 200 days | -57.03% |
| 1 year | -30.38% |
This volatility is characteristic of meme cryptocurrencies, which often react strongly to market sentiment, social media trends, and broader crypto market movements.
All-Time High (ATH) and Its Significance
Shiba Inu reached its all-time high (ATH) during the massive crypto bull run of late 2021.
- ATH Price: $0.000086
- ATH Date: October 28, 2021
- % Change Since ATH: -86.26%
- % to Reach ATH from Current Price: +628.31%
The ATH represents a period of unprecedented investor interest and market hype. Understanding the distance from the ATH helps investors gauge the token's potential for recovery and future growth. For a deeper analysis of market cycles and token performance, 👉 explore more strategies.
Market Cap Comparisons and Theoretical Valuations
Market capitalization is a crucial metric for evaluating a cryptocurrency's size and potential. By comparing SHIB's market cap to other major assets, we can explore hypothetical scenarios for its future value.
Comparison with Bitcoin's Current Market Cap
Bitcoin's market cap is a benchmark for the entire crypto industry. The table below shows what SHIB's price would be if it captured various percentages of Bitcoin's current total market value ($2.169 trillion).
| % of BTC Market Cap | Theoretical SHIB Price | Growth Needed |
|---|---|---|
| 0.32% | $0.000012 | -- |
| 1% | $0.000037 | +211% |
| 10% | $0.00037 | +3,012% |
| 30% | $0.0011 | +9,236% |
| 50% | $0.0018 | +15,461% |
| 100% | $0.0037 | +31,021% |
Comparison with Bitcoin's Historical Market Cap
This calculation uses Bitcoin's all-time high market cap from December 2017 (~$325 billion) as a base.
| % of BTC ATH Market Cap | Theoretical SHIB Price | Growth Needed |
|---|---|---|
| 2.14% | $0.000012 | -- |
| 1% | $0.0000056 | -53% |
| 10% | $0.000056 | +367% |
| 30% | $0.00017 | +1,300% |
| 50% | $0.00028 | +2,233% |
| 100% | $0.00055 | +4,567% |
Comparison with the Gold Market Cap
Gold represents the ultimate store of value in the traditional financial world. Its total market cap is estimated at approximately $7.7 trillion. The following table illustrates SHIB's potential price if it were to capture a portion of this vast value.
| % of Gold Market Cap | Theoretical SHIB Price | Growth Needed |
|---|---|---|
| 0.091% | $0.000012 | -- |
| 1% | $0.00013 | +1,005% |
| 10% | $0.0013 | +10,946% |
| 30% | $0.0039 | +33,038% |
| 50% | $0.0065 | +55,130% |
| 100% | $0.013 | +110,361% |
Important Note: These are purely theoretical calculations and are not price predictions. They simply illustrate the scale of growth required for SHIB to achieve various market capitalizations relative to other major assets.
Frequently Asked Questions
What is Shiba Inu (SHIB)?
Shiba Inu is a decentralized cryptocurrency created as an alternative to Dogecoin. It was launched in August 2020 and is known as a "meme coin" due to its branding around the Shiba Inu dog breed. It operates on the Ethereum blockchain as an ERC-20 token.
What does 'All-Time High (ATH)' mean?
An All-Time High (ATH) is the highest historical price point that a cryptocurrency has ever reached in its trading history. For SHIB, this was $0.000086 on October 28, 2021, during a period of intense market speculation and retail investor mania.
How is market capitalization calculated for a crypto token?
Market capitalization, or market cap, is calculated by multiplying the current price of a cryptocurrency by its total circulating supply. For SHIB, the formula is: Current Price x 589,248,082,875,287 SHIB. It is a standard metric used to compare the relative size of different cryptocurrencies.
Why are comparisons to Bitcoin and Gold useful?
Comparing a token's market cap to Bitcoin's provides context within the crypto ecosystem, showing how much it would need to grow to capture a larger share of the digital asset market. Comparisons to Gold's market cap are even more speculative and illustrate the theoretical upper limit if cryptocurrency were to meaningfully challenge traditional stores of value on a global scale.
What factors influence the price of SHIB?
SHIB's price is influenced by a combination of broader crypto market trends, Bitcoin's price action, social media sentiment (especially on platforms like X/Twitter and Reddit), developments within the Shiba Inu ecosystem (such as Shibarium layer-2 network updates), and overall investor speculation.
Is investing in SHIB considered high-risk?
Yes, like all meme coins and highly speculative assets, investing in SHIB carries significant risk. Its price is extremely volatile and can be heavily influenced by market sentiment rather than fundamental utility. Investors should only allocate capital they are prepared to lose and 👉 view real-time tools for conducting thorough research.
Conclusion
Shiba Inu (SHIB) remains a fascinating case study in the power of community and meme culture within cryptocurrency. While its current price sits far below its all-time high, its substantial market cap and dedicated following ensure it stays relevant. The theoretical comparisons to Bitcoin and Gold, while not predictions, help frame the immense scale of growth that would be required for it to reach new valuation milestones. As always, investors should prioritize research and understand the high-risk, high-volatility nature of such assets.