What is Shiba Inu Cryptocurrency Token | Shib Inu Token Total Supply and Price

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shiba inu token

Shiba Inu (SHIB) token is a cryptocurrency token built on the Ethereum blockchain. It is designed to be a decentralized, community-driven digital asset that is meant to be used as a medium of exchange, similar to other cryptocurrencies such as Bitcoin and Ethereum. The token was created as part of the so-called “Shiba Inu network”. Which aims to provide users with a fast, low-cost, and decentralized way to transfer value across the internet.

Shiba Inu is a meme-inspired token. It’s name and logo is based on a popular internet meme featuring the Shiba Inu dog breed. The token is notable for its high volatility and has seen significant price fluctuations. It is important to note that the price of any cryptocurrency is highly speculative and can be subject to significant fluctuations. As such, investing in cryptocurrencies carries a high level of risk and should be approached with caution

What is total supply of Shiba Inu Cryptocurrency Token?

The total supply of Shiba Inu (SHIB) is approximately 1 quadrillion tokens in Total Supply. However, it is important to note that a significant portion of the supply is locked in a smart contract, known as the “Shiba Treasury,” which cannot be traded or sold on the open market. This means that the actual circulating supply of SHIB is much lower than the total supply.

Shiba token current circulating supply is 589.37T at the time of writing this article. This changes every day because of burn of tokens.

When was shiba inu coin was started or launched for trading?

Shiba Inu (SHIB) is a cryptocurrency that was launched in August 2020. It is based on the Ethereum blockchain and uses the ERC-20 token standard. The project was created by a team of anonymous developers. It was initially distributed through an airdrop to holders of the Ethereum-based cryptocurrency Dogecoin (DOGE). The airdrop was done in the “ShibaSwap” contract address on the Ethereum network.

Check: crypto web stories

What is the Shiba Inu Cryptocurrency Token prices?

It is very difficult to tell current price of Shiba Inu (SHIB) token as the price is subject to market fluctuations. I recommend checking a reputable cryptocurrency exchange or financial news website for the most up-to-date price information. As of now this week shiba inu token price is between ₹0.000953 to ₹0.001014 on date 23 jan 2023. (As per coin marketcap data) (This price keeps changing every day).

What is shiba inu coin price prediction?

It is difficult to make an accurate prediction about the future price of Shiba Inu token(SHIB) or any other cryptocurrency. As the value of these assets can be highly volatile and subject to many unpredictable factors. Additionally, many so-called “price predictions” are based on speculation rather than fundamental analysis of the project and its technology.

The cryptocurrency market is still relatively new and there is a high degree of uncertainty and risk associated with investing in digital assets. It’s important to conduct your own research, be aware of the risks and invest only what you can afford to lose.

It’s always best to consult a financial advisor before making any investment decisions. But according to few analysts believe that Shiba Inu could trade at average price of $0.00004 in 2023. Shiba has a huge supply, it should be reduce and demand should increase to gain good price growth in 2023.

But again this is just prediction and in crypto world anything is possible in short time. As crypto market is showing some strength in 2023. So might be this year shiba inu coin can give good returns on investment as it gave just after its launch.

How Many Tokens have been burned?

a total of 50 trillion Shiba Inu (SHIB) tokens were burned. This was done as part of the project’s tokenomics, which is designed to reduce the overall supply of SHIB and increase its perceived value.

The burning of tokens is a process in which a certain number of coins are permanently removed from circulation. This is often done to combat inflation and increase the perceived value of the remaining coins. The Shiba Inu team burned 50 trillion SHIB tokens which were locked in the “Shiba Treasury” which was a smart contract address. This was done to decrease the overall supply of SHIB and increase its perceived value.

It’s important to note that this information may have changed since my knowledge cut off date. I recommend checking the official Shiba Inu website or social media accounts for the most up-to-date information.

How many Shib inu coins have been burned?

A total of 50 trillion Shiba Inu (SHIB) tokens were burned. This was done as part of the project’s tokenomics. Which is designed to reduce the overall supply of SHIB and increase its perceived value.

The burning of tokens is a process in which a certain number of coins are permanently removed from circulation. This is often done to combat inflation and increase the perceived value of the remaining coins. The Shiba Inu team burned 50 trillion SHIB tokens which were locked in the “Shiba Treasury” which was a smart contract address. This was done to decrease the overall supply of SHIB and increase its perceived value.

It’s important to note that this information may have changed since my knowledge cut off date. I recommend checking the official Shiba Inu website or social media accounts for the most up-to-date information on the project’s tokenomics. For more details you can visit SHIBBURN. Shib Army have to burn more sbiha inu token to reduce its supply.

Will shiba inu coin price reach $1 in 2023

Well as we already know that Shiba Inu total supply is huge around half of quadrillion. But as per the recent leaked news Shibarium (Layer 2 protocol) can be launch in 2023. It might burn billion of coins per day. which will reduce Shiba inu total supply and Marketcap will increase. Which can result in the price hikes. Exact date for Shibarium launched has not been shared yet by developers. If we burn trillions of the coins then it could reach to $1 but as of now it is looking impossible due to large amount of supply.

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