Detailed Performance Analysis
Market Sentiment: Bearish
Shiba Inu (SHIB) currently exhibits bearish trends against top cryptocurrencies, major categories, and blockchain networks across multiple timeframes.
Price Performance Table
| Trading Pair | 1h | 24h | 7d | 1m | 3m | 1y |
|---|---|---|---|---|---|---|
| SHIB/USD | +0.72% | +1.43% | -2.61% | -10.70% | -8.61% | -33.63% |
| SHIB/BTC | +0.39% | +0.68% | -2.42% | -13.84% | -27.41% | -61.38% |
| SHIB/ETH | +0.16% | +1.12% | -3.22% | -8.74% | -30.11% | -6.87% |
| SHIB/DeFi | -0.02% | +1.07% | -1.04% | -9.36% | -22.68% | -20.43% |
| SHIB/Meme | -0.14% | -0.92% | -0.71% | +2.21% | -11.94% | -24.12% |
Top Exchange Platforms
| Exchange | Trading Pair | Current Price | 24h Volume | Market Share | Last Update |
|---|---|---|---|---|---|
| OKX Futures | SHIB-USDT-SWAP (50x) | $0.00 | $21.66M | 18.273% | Recently |
| MEXC Futures | SHIB_USDT (200x) | $0.00 | $17.07M | 14.397% | Recently |
| WhiteBIT | SHIB/USDT (10x) | $0.000011 | $9.10M | 7.679% | Recently |
| Binance | SHIB/USDT (5x) | $0.000011 | $7.89M | 6.658% | Recently |
| Upbit | SHIB/KRW | $0.000011 | $6.74M | 5.688% | Recently |
👉 Track SHIB price in real-time
Understanding Shiba Inu (SHIB)
What Is Shiba Inu Token?
Shiba Inu (SHIB) is an Ethereum-based meme cryptocurrency launched in 2020 that has evolved into a vibrant ecosystem. Key characteristics include:
- Community-driven decentralized currency
- Accepted as payment at global merchants
- Tradable on major DEXs (Uniswap, Shibaswap)
- Features Shiba Eternity card game with unique Shiboshis NFTs
Unique Value Proposition
- Strong Community (ShibArmy): One of crypto's most engaged communities driving adoption
- Ecosystem Growth: Expanding utility in DeFi through swaps, NFTs, and metaverse projects
- Cultural Impact: Transitioned from meme token to established crypto project
- Tokenomics: Deflationary mechanisms through periodic burns
Current Market Data
Price: $0.00001143 (+1.43% 24h)
24h Volume: $58.93M
Market Cap: $6.74B (0.20% of crypto market)
Circulating Supply: 589.25T SHIB
👉 Discover advanced trading strategies
FAQ Section
Why is SHIB price declining?
The bearish trend reflects broader market conditions and profit-taking after previous rallies. Technical indicators suggest short-term volatility.
How can I buy SHIB safely?
Purchase through reputable exchanges like Binance or OKX using USDT pairs. Always enable 2FA and use hardware wallets for storage.
What's SHIB's long-term potential?
While speculative, development of Shibarium Layer 2 and ecosystem expansion could drive future utility. However, meme coins remain high-risk assets.
When did SHIB launch?
August 2020 as an ERC-20 token, gaining prominence during the 2021 meme coin boom.
How does SHIB burning work?
The community periodically sends tokens to dead wallets to reduce supply. This deflationary mechanism aims to increase scarcity over time.
What's Shibaswap?
The official DEX of the Shiba Inu ecosystem allowing SHIB trading, staking, and yield farming with Bone and Leash tokens.