Bonk, a Shiba Inu-themed token that was issued on Dec. 25, has returned 2,220% to traders in the past week, with a 150% rise in the past 24 hours alone. The token was airdropped to Solana NFT (non-fungible token) communities and creators, which led to quick hype and trading volumes for the token, as CoinDesk reported Tuesday. A flat market and contagion risks aren’t deterring crypto traders from finding the next major narrative to generate returns, and a meme coin is at the center of that in the Solana ecosystem. The BONE token is a governance token with a total supply of 250 million. In addition, BONE is used to reward liquidity providers on ShibaSwap’s platform. Keep in mind that it is impossible to offer an accurate price prediction on SHIB’s worth in the future.
- Again, major losses for Bitcoin probably pulled down other coins with it.
- However, users will still have access to the tokens available in these spot trading pairs through other available trading options on Binance’s platform.
- Binance has the lowest transaction fee rate amongst all major trading platforms.
The SHIB token is an Ethereum-based ERC-20 token that was created as a direct competitor to Dogecoin. The token does not support smart contracts and is not backed by any asset. Shiba Inu is a decentralized cryptocurrency created in 2020 by an anonymous person under the pseudonym Ryoshi. The percent change in trading volume for this asset compared to 1 hour ago. Binance has the lowest transaction fee rate amongst all major trading platforms.
Airdrops refer to an unsolicited distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses and are generally used as a tactic to gain users. According to the website of this crypto data platform, popular meme coin Shiba Inu is now on the top 10 list of assets held by the largest 100 ETH wallet owners. SHIB occupies tenth place, with 55,597,380,454 SHIB being the average amount owned by each whale. In the meantime, Shiba Inu has again become popular among crypto traders as its trading volume showed a massive rise a few hours ago. Sign up for Crypto for Advisors, our weekly newsletter defining crypto, digital assets and the future of finance.
Analyzing Shiba Inu Price History
WhaleStats on-chain wallet tracker has announced that Shiba Inu has gotten back on the top 10 list of coins with the highest trading volume today. Therefore, it is also among the top 10 most purchased and most actively sold cryptocurrencies. Popular crypto tracking platform Whale Alert, which tracks down large crypto transactions, has spotted a staggering amount of the popular meme coin, SHIB, moved less than two hours ago. The metrics API Wikipedia made bonk the most traded token on Orca, a popular Solana DEX, with trading volumes higher than even solana, usually the most popular trading pair with USDC. Liquidity providers are investors who stake their cryptocurrency tokens on DEXs to earn transaction fees, usually in the form of token rewards. Shiba Inu has seen a rise of 3% during the last 24 hours, but the meme coin is still behind Solana in terms of market cap.
Transfer them from your digital wallet to your KuCoin account to fund it and start trading on the platform. In December 2021, the team of developers announced the concept of DOGGY DAO, an essential step toward the complete decentralization of the Shiba ecosystem. The DAO would get to decide which projects and crypto pairs will trade on the ShibaSwap DEX and, in the second stage, use SHIB as the governance token to help the Shib Army vote on proposals. Shiba Inu is currently the 16th biggest cryptocurrency by market capitalization after slipping below Solana . Its current valuation is derived from the balance of supply and demand in the markets and constantly changes.
The first thing that sets ShibSwap apart from its competitors is its user-friendly interface. It makes trading simple and straightforward with intuitive features like real-time market data, portfolio tracking, price alerts, and more. Plus, you can easily manage your deposits, withdrawals, and trades all in one place.
What is the highest price for Shiba Inu?
While SHIB arguably has the best chance of enjoying a rally this month among major cryptocurrencies, there are a handful of new altcoins that could surge in the coming weeks. In particular, coins holding their presales at the moment could experience big rallies once they have their first exchange listings, something which was very profitable last year, despite the bear market. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. The Shiba Inu team launched a decentralized exchange called Shibaswap with 2 new tokens, LEASH and BONE. LEASH is a scarce supply token that is used to offer incentives on Shibaswap.
The establishment of ShibaSwap and the upcoming Shiba Inu Games and its very own metaverse will drive up the Shiba Inu price and value among cryptocurrencies. It could contribute to making it an attractive investment to consider. You can also choose to buy SHIB with your existing cryptocurrency holdings.
When the price hits the target price, an alert will be sent to you via browser notification. To receive alerts, please allow web browser notification permission. SHIB Price Prediction page — when deciding on your own price targets. SHIB started with a supply of 1 quadrillion, in which 50% was locked in Uniswap, while the other half was burned to Ethereum co-founder Vitalik Buterin.
Shiba Inu price is based purely on trading as there is no standard global SHIB price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affects the price. The main purpose of SHIB is to act as an alternative means of payment for goods and services. Like other cryptocurrencies, SHIB can be used to purchase products online or send money instantly from one person Avatrade Reviews, Comments & Ratings to another without needing any third-party intermediary or central authority involved in the process. As such, SHIB enables users to have complete control over their funds and transactions without having to rely on any centralized entity or financial institution. Last week, Bonk developers airdropped 50% of its entire token supply to several Solana-based NFT collections and creators, resulting in near-instant hype and a market for the project.
About SHIBA INU
With SHIB, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of users buy or sell their coins on exchanges. However, large token sales have impeded bonk’s price rise, which is now over 2,000% in the past week. The tokens are down over 40% in the past 24 hours as early investors took profit and crypto exchanges, such as Bybit, introduced bonk futures, allowing traders to bet against the token.
As more people become interested in cryptocurrency investments, the demand for reliable platforms like Toon Finance has grown significantly. Here are some of the advantages that investors can expect when investing in Toon Finance. In addition to providing a safe trading environment, ShibSwap also offers low transaction fees Who Sets The Bitcoin Price for both buyers and sellers compared to other exchanges. This is especially beneficial for traders who need to move large amounts of cryptocurrency at once without incurring excessive costs. You can even take advantage of special discounts offered when using certain payment methods such as debit cards or bank transfers.
Shibarium: What We Know About Shiba Inu’s Layer 2 Blockchain
The live Shiba Inu price varies from moment to moment as it’s dictated by the balance of buyers and sellers on exchanges, which is in constant flux. SHIB is an ERC-20 token nicknamed the “Dogecoin killer” and will be the first coin listed on ShibaSwap. Since its launch, the price of SHIB has seen some dramatic changes and if you want to know why then you’re in the right place.
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The Bitcoin market has become extremely boring for traders over the past few weeks. Currently, there are 497 trillion SHIB tokens in circulation, with a total supply of 1 quadrillion. Circulating supply shows the number of coins or tokens that have been issued so far.
Buy SHIB/USDT on KuCoin
The Indonesian Financial sector is undergoing a comprehensive reform that extends to the cryptocurrency industry. The most lucrative investment strategy is often simply buying low and selling high. While SOL may be higher than SHIB currently, the gap between the two has become pretty small today due to the opposite returns they have seen.