Shiba INU price (SHIB price live) - Shiba INU price today

Shiba Inu (SHIB) is a MEME Token that has captured the interest of the blockchain investor community in a widespread way. This token is seen by many as a variant of Dogecoin, as it was inspired by the famous Shiba Inu dog breed. In addition, both projects were created with a funny approach.

However, there are some significant technical differences between the two projects. Shibu's anonymous development team called the platform an "experiment in decentralized spontaneous community building." They promoted the project as a viable alternative to Dogecoin and even called the token "Dogecoin killer".

Shiba Inu (SHIB) cryptocurrency history

Shiba Inu (SHIB) is a relatively new cryptocurrency, launched in August 2020. It was created by a team of anonymous developers, who were inspired by the popularity of the Shiba Inu meme and the success of other cryptocurrencies such as Dogecoin.

The main developer is called Ryoshi. According to his own posts, Ryoshi has not pre-owned or owned any Shiba Inus. Uniquely, the token was launched through a Uniswap IEO. The developers blocked 50% of the project's liquidity in the Uniswap pool. IEO (Initial Exchange Offering) is a financing method through which a new cryptocurrency is sold directly on an exchange platform (cryptocurrency exchange) to investors, through a listing and sale process coordinated by the platform.

In the first months after its launch, SHIB had a small value, but in April 2021, it began to increase significantly in value, largely due to increased interest from investors in the cryptocurrency world. During that period, SHIB was included in a list of investments recommended including by Elon Musk.

In general, SHIB is considered a high-risk cryptocurrency, and investors should be aware of these fluctuations and do their own research before deciding to invest in this MEME Tokens. These types of cryptocurrencies are much more prone to FOMO influences, due to the general increase in general interest towards the token.

Shiba Inu (SHIB) cryptocurrency applications

"Meme" cryptocurrencies are known to be supported more by the support of their community than anything else, such as real utility in everyday life. This concept is the one that mainly stimulates their development and price, the market, including in classical economic terminology, being the one that dictates the price. The community, the bigger, the more interested in buying/selling, at different moments of a token's life.

While many do not see the usefulness of this goal, community members believe that this is what true decentralization should be and what will help the crypto market grow. The crucial concept is that no central authority controls the currency's fate. Instead, a community of supporters leads it to success, which many believe is an idea that can change the classical financial world.

Shiba Inu Price (SHIB)

Communities around crypto projects have a direct effect on the price of the token, especially since it is strictly based on popularity. Without practical utility or a constant development of use cases from everyday life, this type of cryptocurrencies are strictly associated with the use as a transfer of value between users. The assimilated value is given by the market through the sale/purchase mechanism associated with any listed cryptocurrency.

What determines the price fluctuations of the Shiba Inu cryptocurrency?

The beginnings of a MEME Coin are often full of unusual situations, most of which are directly related to the transaction price. This aspect remains valid for the entire life of the project, as long as it does not acquire other uses, which can stabilize the price and establish a possible trajectory, at least in the short term, of the cryptocurrency's evolution.

For example, at the beginning of the project, the founders sent 50 trillion Shiba Inu coins to Ethereum co-founder Vitalik Buterin as a sign of good faith. However, Buterin quickly donated the funds to a COVID relief campaign. The donation was valued at approximately $1 billion at the time of the transfer. However, because the agency that received the donation needed to sell the coins to use the donated amounts, it flooded the market with these coins, which caused the price to drop by 50% in the first few days.

SHIB price fluctuations are influenced by several factors, namely:

• Demand and supply, the rules of the free market governing the price. Thus, the effect of supply and demand on the price is real, all the more so since the only utility of the project is given by the possibility of the token being traded or transferred.

At the same time, demand is influenced by factors such as community size, media attention, the state of the global economy and financial regulations.

• Popularity and media attention for the Shiba Inu (SHIB) cryptocurrency

The popularity and attention that the Shiba Inu (SHIB) cryptocurrency generates can greatly influence the price, the community being an important factor in the life of a crypto project. Sometimes, simple curiosity about a certain currency can attract major investments from investors.

At the same time, the price is influenced by announcements from state authorities and companies in the field.

The FOMO effect (Fear of missing out) is real in the crypto market and to counteract or avoid it, we recommend you to actively inform yourself and try to constantly understand the real factors that can dictate the price of the Shiba Inu (SHIB) cryptocurrency.

• The integrations and evolution of the SHIB

The rate of crypto adoption in general influences the evolution of prices and has a direct effect on the total capitalization of digital assets.

The same concept applied to a currency (e.g. the adoption of the token/blockchain by a company), can generate important increases for it, thus having a higher return compared to the market average or other projects in the crypto sphere. Similarly, a positive course of the project and a constant evolution, can attract positive effects both in the community developed by the project and in the price of the token.

Advantages of the Shiba Inu (SHIB) cryptocurrency

Shiba Inu sustainability

The fact that SHIB is compatible with Ethereum's existing infrastructure and can be used within DeFi applications, including loan and savings products, reduces the risk of being marginalized or replaced by other projects.

Applicability of Shiba Inu

The Shiba Inu ecosystem supports an NFT art incubator and a decentralized exchange called Shibaswap. The next project related to Shiba Inu is Shibarium, a Layer 2 blockchain solution for Shiba Inu, which aims to address the problem of the slow speed of Ethereum transactions. The project aims to provide the basis for building the Shiba Inu ecosystem, which will include a metaverse, a DEX and blockchain games. Shibarium has been in development for some time, but the public version is expected to be released soon.

Shiba Inu scalability

Shiba Inu is based on the Ethereum infrastructure, but through the future Shibarium, the project aims to increase the speed of transactions along with reducing their seams. These two benefits aim at the development/scaling of the SHIB project.

Shiba Inu Security

Due to the fact that SHIB is developed on the ETH infrastructure, it benefits from high security measures, Ethereum being one of the most secure blockchain networks in the world.

Shiba Inu (SHIB) - Frequently Asked Questions (FAQ)

What blockchain does the SHIB cryptocurrency use?

Shiba Inu uses the Ethereum blockchain, being a Layer 2 solution. Ethereum is one of the most popular blockchain platforms used to develop decentralized applications and smart contracts.

How do I mine SHIB cryptocurrency?

It cannot be mined because it uses the proof-of-stake protocol .

What is the highest SHIB price in EUR?

The highest SHIB price was recorded at the value of 0.00008106 EUR.

How can I buy SHIB at the best price?

The fastest and most advantageous way to buy Shiba Inu is on the Tradesilvania.com platform at the live SHIB price displayed in the Tradesilvania user account 24/7.

What is the SHIB price today?

The SHIB price varies several times per second in the platform and the instant price is available in the user account.

How do I buy SHIBA INU (SHIB)?

You can buy Shiba Inu (SHIB) through multiple Tradesilvania order types using Lei or Euro.

1. Create an account on the Tradesilvania platform simply in a few minutes
   The first step to use the platform is to create an account. After confirming the account, you must go through an activation process.
2. RON or EURO deposit
   You can deposit RON or EURO in your digital wallet by bank transfer, Visa/Mastercard payment, or with cash at the SelfPay, StartPay or Un-doui Payment Center points.
   
3. Buy Shiba Inu (SHIB)
   To buy the Shiba Inu cryptocurrency, you must access the Trading section of the application, the available parities being RON and EUR..

After you place an order, in most cases it is completed instantly. Note: The Shiba Inu price varies over time.

Are you ready to buy Shiba Inu - SHIB to build a crypto portfolio on the Tradesilvania platform?