Overview of Shiba Inu (SHIB)
Shiba Inu (SHIB) is a prominent meme-inspired cryptocurrency currently ranked 24th by market capitalization. As of today, its key metrics are:
- Market Cap: $6.85 billion
- 24h Trading Volume: $150.6 million
- Circulating Supply: 589.25 trillion SHIB
- Max Supply: 589.5 trillion SHIB
👉 Discover how SHIB compares to other top cryptocurrencies
Shiba Inu Price Performance
All-Time High (ATH)
SHIB reached its peak price of $0.000086 on October 28, 2021. Current trends show:
- 640.84% below ATH
- 86.5% decline since ATH
Recent Price Changes
| Timeframe | Change | Price |
|-----------------|---------|-------------|
| 1 hour | +0.54% | $0.000012 |
| 24 hours | -3.72% | $0.000011 |
| 7 days | +3.13% | $0.000012 |
| 30 days | -11.41% | $0.000010 |
Comparative Market Cap Analysis
Against Bitcoin (BTC)
If SHIB captured a percentage of Bitcoin’s market cap ($2.17 trillion):
| % of BTC Market Cap | SHIB Price | Growth Needed |
|---------------------|------------|---------------|
| 0.32% | $0.000012 | Baseline |
| 10% | $0.00037 | +3,063% |
| 50% | $0.0018 | +15,717% |
Against Gold’s Market Cap ($7.7 Trillion)
| % of Gold Market Cap | SHIB Price | Growth Needed |
|----------------------|------------|---------------|
| 0.089% | $0.000012 | Baseline |
| 10% | $0.0013 | +11,136% |
| 100% | $0.013 | +112,260% |
👉 Learn how market caps influence crypto valuations
FAQs About Shiba Inu (SHIB)
1. What drives SHIB’s price volatility?
SHIB’s price is influenced by market sentiment, adoption trends, and broader crypto market movements.
2. Can SHIB reach its ATH again?
While possible, it depends on sustained demand, ecosystem growth (e.g., Shibarium), and macroeconomic factors.
3. How does SHIB’s supply affect its price?
With a circulating supply of ~589 trillion, large price swings require significant capital inflow.
4. Is SHIB a good long-term investment?
High-risk, high-reward. Diversify and research utility developments (e.g., DeFi integrations).
Data sourced from CoinGecko. Calculations are hypothetical and not financial advice.
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