SHIB/EUR - Shiba Inu/Euro

Shiba Inu (SHIB) is a meme-token created in August 2020 by an anonymous individual or group under the pseudonym "Ryoshi". It self-proclaims as the "Dogecoin killer" and has gained popularity due to its meme nature and growing community, upon which a complete DeFi, NFT, and metaverse ecosystem has been built.

The founders of Shiba Inu remain anonymous under the pseudonym "Ryoshi".

The all-time high of SHIB was €0.00008274, reached on the 27th of October, 2021.

As of this response, there are approximately 589.27 trillion SHIB tokens in circulation. You can find updated information on the circulating supply on websites such as CoinMarketCap or CoinGecko, as SHIB tokens are undergoing a constant burn process.

SHIB is an ERC-20 token that runs on the Ethereum blockchain. Therefore, the security of SHIB is tied to the security of the Ethereum network, which is protected through a proof-of-stake (PoS) consensus mechanism.

Initially, SHIB's unique proposition was to be a "decentralized" version of Dogecoin. However, over time, it has developed its own ecosystem with additional tokens such as LEASH and BONE, a decentralized exchange platform called ShibaSwap, and even boasts a metaverse in development.

SHIB cannot be mined in the traditional sense of the word, as it does not use a proof-of-work (PoW) algorithm. However, you can participate in liquidity provision on ShibaSwap to earn SHIB rewards, but first you will need to buy SHIB and you can do this quickly and securely on Bit2Me.

The historical minimum of SHIB was €0.00000000007637, recorded on 31 August 2020.

It is impossible to predict with certainty the future price of any cryptocurrency, including SHIB. Price predictions are subject to significant speculation and market volatility. This becomes especially true in meme-tokens whose volatility is much more pronounced.

The fully diluted valuation of SHIB refers to the market capitalisation if all SHIB tokens had been issued, in this case, the current valuation (27th June 2024) is €9.5 billion.

Although both started as meme cryptocurrencies, there are key differences:

Origin: DOGE was created as a joke, whereas SHIB was created with the intention of being an alternative to DOGE.Supply: DOGE has an unlimited supply, whereas SHIB has a total supply of 590 trillion tokens. However, the total issuance of SHIB can reach 1 trillion tokens (although, Ryoshi locked the smart contract so it cannot be issued).Ecosystem: DOGE has a limited ecosystem, whereas SHIB has developed a broader ecosystem with ShibaSwap and other projects.