What is Shiba Inu (Shib)?

Definition: Shiba Inu (or SHIB) is a token designed to be an Ethereum-compatible alternative to Dogecoin (DOGE). Like DOGE, SHIB is intentionally abundant — with an initial circulating supply of one quadrillion coins. The Shiba Inu ecosystem also supports projects such as an NFT art incubator and a decentralized exchange called Shibaswap.

What is Shib (Shib)?

Like Dogecoin, SHIB is a meme asset: a cryptocurrency that's inspired by Internet memes, around which communities of enthusiasts form. The price movements of meme coins are frequently linked to sentiment around breaking news and influencer activity on social media.

How much is 1 Shib in US dollars?

Meanwhile, in the last 24 hours, the rate has changed by 0.31%, which means that the the highest exchange rate of 1 SHIB to US Dollar was 0.00000826 USD and the lowest 24 hour value was 1 SHIB for 0.00000811 USD. This time last month, the value of 1 SHIB was $0.00 USD, which is a 11.99% increase from where it is now.

Is Shib compatible with Ethereum?

SHIB, unlike DOGE, is compatible with the Ethereum ecosystem — which has allowed the community to create crypto apps like ShibaSwap, a DEX that allows users to trade and stake tokens without an intermediary.