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What is Shiba Inu (SHIB)?

Shiba Inu basic info

Name:Shiba Inu

Ticker:

SHIBBuy now

Introduction:

In the ever-evolving world of cryptocurrencies, Shiba Inu (SHIB) remains a substantial part of the pack. A recent astonishing surge, which is characterised by an unprecedented increase in high-value on-chain transactions, has brought Shiba Inu back into the spotlight.

The Remarkable 353% Increase

According to a report from IntoTheBlock, the standout highlight of this development is a remarkable 353% surge in large transactions valued at US$100,000 or more. What's even more astounding is that this meteoric rise occurred within just one day over the weekend, leaving the crypto community buzzing with excitement.

This surge is nothing short of wonder: we are talking about the exchange of approximately 2.59 trillion SHIB tokens. Of course it has shown profound impact on the market, contributing to an overall daily transaction volume of 3.61 trillion SHIB, which is equivalent to a staggering US$26.02 million in value.

What adds an extra layer of significance to the event is its synchrony with the escalation of another crucial metric tracking whale activity. It's clear that Shiba Inu is making waves in the crypto world, and these high-value transactions have caught the attention of both investors and analysts.

Whale Activities on the Rise

Furthermore, on-chain data reveals an upward trend of Shiba Inu token inflows into the wallets of large holders. This influx has brought the amount of SHIB tokens held by the top wallets from 169.04 billion SHIB to an absurd 2.98 trillion SHIB. This remarkable increase of 1,762.9% underscores the magnitude of the shift that is taking place within the Shiba Inu ecosystem.

In simple terms, large investors and whales’ interests in the token are growing unequivocally and therefore they are accumulating substantial holdings. The recent increase in the number of large SHIB transactions and the significant growth in wallet size of prominent holders provide a clear indication of a shift happening within and to the Shiba Inu ecosystem. The increased attention from whales suggests growing confidence in the token's potential.

Shiba Inu's Captivating Journey

With large transactions on the upswing and whale activities attaining unprecedented levels, the journey of the Shiba Inu token has taken on an even more captivating narrative. It has firmly established its status as one of the most closely monitored assets in crypto. Investors, traders, and enthusiasts are now closely following its every move, hoping to capitalise on this rally as well as the increased interest from high-value investors.

To sum up, we’ve seen how Shiba Inu proves itself to be the unstoppable force of crypto space. The community is eagerly anticipating what lies ahead for SHIB, and its incredible journey continues to be a source of fascination and discussion across markets. As the crypto market remains dynamic, Shiba Inu's story is a testament to the potential for rapid and unexpected developments in the world of digital assets.

Trade SHIB on Bitget today: Spot | Spot Margin | Futures

Current price:

$0.{4}2127More price details

All-time high:$0.{4}8845

All-time low:$0.{10}8165

SHIB supply and tokenomics

Circulating supply:589,255,500,000,000 SHIB

Total supply:589,508,569,012,417.5 SHIB

Max supply:0 SHIB

Market cap:$12.53B

Fully diluted market cap:$12.54B

Tokenomics:

Uniqueness

The SHIBA INU website invites dog-inspired artists from all over the world to foster the "artistic Shiba movement" as they bring their SHIBA INU community into the NFT market.SHIBA INU has also created a campaign using Amazon Smile in order to collect donations to escue real, live Shiba Inu dogs with the Shiba Inu Rescue Association.

After initially being only one meme coin of many, Shiba Inu skyrocketed to popularity after Vitalik Buterin famously burned his share of the SHIB supply.

ShibaSwap is the coin's designated DEX that started as a fork of Sushiswap that has, in the words of Ryoshi, its "own little twists and elements." Furthermore, Shiba Inu also plans to develop SHI, which will be the "global exchange of value for plebs," an algorithmic stablecoin pegged to one cent instead of one dollar as most other stablecoins. Its launch is planned after the Shiba layer-two solution called Shibarium, and Ryoshi envisions SHI to work in a similar way to DAI. That way, SHI would have collateral as a backstop that would push it back to one cent if the peg was lost.

In addition to SHI, a financial ecosystem is planned, and SHI would be added as a weighted pool pair on Curve. In that case, Ryoshi expects forks of the major DeFi protocols to appear in the Shiba Inu ecosystem, which would require an immutable bridge to function.

Shiba would also start hosting localized meetups and a once-a-year ShibaCon convention that would be hosted at an easily accessible location in a country without oppressive visa restrictions "for the sake of inclusiveness for global plebs."

Token utility

In addition to the initial claim to be an Ethereum-based alternative to Dogecoin (DOGE), Shiba Inu (SHIB) also has the following utilities:

ShibaSwap: The goal of DeFi platform ShibaSwap is to provide a safe place to trade cryptocurrencies while remaining decentralized
Shiba Inu Incubator: The incubator aims to shift the focus beyond popular art forms such as painting, photography, and digital rendering and discover ways to honor creativity and ingenuity.15
Shiboshis: Shiboshis are 10,000 Shiba Inu-generated non-fungible tokens (NFTs) written on the Ethereum blockchain, with different traits that make each Shiboshi unique and collectible.
Shiba Inu Rescue Association: users who purchase via Amazon Smile can donate to the Shiba Inu Rescue Association which aims to improve the lived of Shiba Inu.

Links

Website:https://shibatoken.com/

Whitepaper:https://github.com/shytoshikusama/woofwoofpaper/raw/main/SHIBA_INU_WOOF_WOOF.pdf

X:https://twitter.com/shibtoken

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What is the development prospect and future value of SHIB?

The market value of SHIB currently stands at $12.53B, and its market ranking is #15. The value of SHIB is widely recognized by the market. When the bull market comes, the market value of SHIB will likely continue to increase.

Moreover, if SHIB can play a greater role in practical applications, such as Shiba Inu builders fully leveraging the potential of SHIB, partnering with more businesses, and increasing its user base, the long-term value of SHIB will be significantly enhanced.

What will the price of SHIB be in 2025?

Based on SHIB's historical price performance prediction model, the price of SHIB is projected to reach $0.{4}2256 in 2025.

What will the price of SHIB be in 2030?

In 2030, the SHIB price is expected to change by -9.00%. By the end of 2030, the SHIB price is projected to reach $0.{4}3325, with a cumulative ROI of +53.10%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of SHIB and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

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Is SHIB worth investing or holding? How to buy SHIB from a crypto exchange?

If you want to buy SHIB, the following information may be helpful for your investment decisions:

In the last 7 days, the price of SHIB has fallen by -22.84%, leading to negative returns for most SHIB investors. The market is currently pessimistic about the price trend of SHIB.

It is important to note that the current price of SHIB has retreated by -75.95% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether SHIB is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in SHIB or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of SHIB, if you want to buy or sell SHIB, you can consider Bitget for your trading needs. The best place to buy SHIB is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Shiba Inu has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Shiba Inu. Here's a step-by-step guide on how to buy Shiba Inu on Bitget.

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How to get Shiba Inu through other methods？

Using cash to buy Shiba Inu is not the only way to obtain Shiba Inu. If you have the time to spare, you can get Shiba Inu for free.

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Earn free Shiba Inu by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Shiba Inu airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Shiba Inu through Bitget Convert, Bitget Swap, or spot trading.

What is Shiba Inu used for and how to use Shiba Inu?

The use case of Shiba Inu may expand as the crypto market and the project itself develop. Currently, you can use SHIB to achieve the following goals:

Arbitrage by trading SHIB: Since SHIB is a frequently traded cryptocurrency, the price of SHIB is always fluctuating. Earn more SHIB by buying low and selling high on the exchange. Bitget spot market provides a variety of SHIB trading pairs to fully meet your needs.

Earn by staking SHIB: You can also generate income through financial management methods such as staking SHIB or lending SHIB. Bitget Earn offers a variety of financial products designed to help you earn more income from your SHIB.

Send or pay SHIB: If you want to give SHIB to your friends, a charity, or a fundraiser, or you want to pay someone with SHIB, you can quickly and easily send SHIB to the recipient through their payment address.

You can also go to the official website of the Shiba Inu project to learn more about the use cases of SHIB. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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