Shping (SHPING) is an Ethereum-based utility token designed to power a consumer engagement and product information platform. As of the latest data, it continues to draw interest from investors and users within the crypto ecosystem. This article provides a detailed analysis of its market performance, key metrics, and future outlook.
Current Market Performance
The current price of Shping stands at **$0.00517**, reflecting a decrease of **-0.44%** over the past 24 hours. The token is traded on 5 major exchanges, with a 24-hour trading volume of $127,109, equivalent to 24,585,684 SHPING coins.
Today’s trading session began at $0.00511, and the token has since climbed by 1.15%. Despite a recent dip to $0.00511, it is attempting to regain upward momentum. Compared to the last 30 and 7 days, the token is down by -23.15% and -9.39%, respectively. However, it has shown resilience with gains of 6.76% and 3.69% from the lowest points recorded during those periods.
Price Support and Resistance Levels
Based on technical analysis, Shping must maintain support above $0.00471** to have a chance of advancing toward the first major resistance at **$0.00585. A successful break above this level could push the price toward the second resistance at $0.00704**, with a third key resistance waiting at **$0.00783.
On the downside, if selling pressure increases, the first critical support is $0.00471**. A break below this level might lead to a further decline toward **$0.00393.
Token Overview and Key Metrics
Shping was launched in January 2018 as an ERC-20 token on the Ethereum blockchain. It is primarily used within the Shping app, which allows consumers to scan product barcodes, access reviews, and earn rewards.
With a circulating supply of 2 billion coins, Shping is ranked #778 by market capitalization, which currently sits at approximately $12 million.
The token achieved its all-time high of $0.039450** on March 15, 2022. Since then, it has declined significantly but remains **244.67%** above its post-ATH low of **$0.001500. Over the past 52 weeks, Shping has traded between $0.00349** and **$0.0182.
When compared to other cryptocurrencies launched in 2018, Shping’s trading volume is below average. The average 24-hour trading volume for the 812 coins introduced that year is around $8 million, while Shping's volume is approximately $127,000.
Use Cases and Ecosystem
Shping is more than just a digital asset—it is an integral part of a product intelligence platform. Users can earn SHPING tokens by engaging with products, writing reviews, and participating in campaigns. Brands use the platform for consumer insights and product authenticity verification.
This real-world utility helps differentiate Shping from many purely speculative tokens. Its model encourages everyday use, which could help stabilize long-term demand.
Market Outlook and Predictions
While short-term price movements are influenced by broader market sentiment, Shping’s unique use case offers a foundation for potential growth. Increased adoption of the Shping app and partnerships with retail brands could positively impact the token’s value.
Investors should monitor trading volume trends, platform updates, and overall crypto market conditions before making decisions. 👉 Explore more strategies for evaluating utility tokens
Frequently Asked Questions
What is Shping used for?
Shping is a utility token that rewards users for scanning products, sharing reviews, and engaging with brands on the Shping app. It also helps companies fight counterfeit products and gain consumer insights.
How can I buy Shping coin?
SHPING is available on several cryptocurrency exchanges. You typically need to create an account, deposit funds or other cryptocurrencies, and place an order through a supported trading pair.
Is Shping a good investment?
Like all cryptocurrencies, Shping carries investment risks. Its value is tied to platform adoption and market sentiment. Always do your own research and consider your risk tolerance.
What is the total supply of SHPING?
Shping has a fixed total supply of 2 billion tokens, all of which are already in circulation.
Can I earn Shping tokens?
Yes, you can earn SHPING by using the Shping app—scanning products, writing reviews, and completing tasks offered by brands.
What blockchain is Shping built on?
Shping is an ERC-20 token built on the Ethereum blockchain.