Shiba Inu Price Converter Tool
Quickly convert SHIB to USD or other cryptocurrencies with real-time market data.
Comprehensive Shiba Inu Overview
Shiba Inu (SHIB) is an Ethereum-based meme cryptocurrency launched in 2020 by the anonymous creator "Ryoshi." This community-driven project features:
- Shiba Inu dog mascot
- Initial supply of 1 quadrillion tokens
- Ecosystem comprising SHIB, LEASH, and BONE tokens
- Decentralized exchange (ShibaSwap)
- NFT collections and metaverse plans
Token Distribution History
Originally, 50% of SHIB's total supply was sent to Ethereum co-founder Vitalik Buterin, who:
- Burned 90% of received tokens (450 trillion SHIB)
- Donated remaining 10% to charity
👉 Explore SHIB's unique burn mechanics
Price Performance Analysis
SHIB has demonstrated extreme volatility since launch:
| Date Range | Price Movement | Key Event |
|---|---|---|
| May 2021 | 1,953% surge ($0.00003532) | Initial market discovery |
| October 2021 | 280% increase ($0.00002913) | Elon Musk's Shiba Inu adoption |
| October 28, 2021 | ATH at $0.000089 | Peak market enthusiasm |
Shiba Inu Ecosystem Components
Core Tokens
- SHIB: Primary currency with widespread adoption
- LEASH: Originally pegged to Dogecoin, now a scarce asset (107,647 supply)
- BONE: Governance token (250M supply) for DoggyDAO decisions
ShibaSwap Features
- Liquidity provision (Dig)
- Token staking (Bury)
- Asset swapping
- Analytics dashboard (Bonefolio)
👉 Discover DeFi opportunities with ShibaSwap
Shibarium: The Layer-2 Solution
This Ethereum-based scaling solution aims to:
- Reduce transaction costs
- Enable efficient SHIB token burns
- Support dApp development
Current Development Status:
- Testnet completed (May 2023)
- Mainnet launch expected August 2023
- Potential to transform SHIB's utility
Frequently Asked Questions
What makes SHIB different from Dogecoin?
While both are meme coins, SHIB is built on Ethereum with a more complex ecosystem including DeFi applications, NFTs, and governance mechanisms.
How can I earn rewards with SHIB?
Through ShibaSwap's:
- Liquidity mining
- Token staking
- Yield farming opportunities
Is SHIB still a good investment in 2023?
As with all cryptocurrencies, SHIB carries volatility risks. Its future depends on:
- Shibarium's successful implementation
- Continued community growth
- Real-world adoption of its ecosystem
Market data and token metrics updated July 2023. Always conduct your own research before investing.