2023-04-17
Shiba Inu’s market cap as of April 17,
2023 is $6.75 billion. While BUSD’s market cap is $6.68 billion and Avalanche’s
market cap is $6.66 billion. Shiba Inu currently is the 13th largest
cryptocurrency.
Shiba Inu is the 2nd largest
meme coin after Dogecoin. It is a cryptocurrency that was created as a
joke and a tribute to the popular meme of a dog breed with the same name. SHIB runs
on the Ethereum blockchain.
SHIB has a very large supply of 1
quadrillion tokens, half of which were sent to the wallet of Vitalik Buterin,
the co-founder of Ethereum, as a gesture of trust and generosity. The other
half is available for trading on various platforms such as Uniswap and Binance.
Shiba Inu aims to be a fun and friendly alternative to other
cryptocurrencies and it has a loyal community of fans and supporters who call
themselves the SHIB Army. Shiba Inu coin also has its own decentralized
exchange called ShibaSwap.
The biggest project for Shiba Inu is Shibarium. Shibarium is a layer 2 solution for Shiba Inu. It aims to improve the speed and cost of transactions on the Ethereum network, which is where Shiba Inu tokens are based.
Although Shibarium’s market cap has overtaken
BUSD’s. Shiba Inu’s chart is sideways. SHIB performance in the past 3 months is -9.3%. Partly because Shiba Inu is worth half the Dogecoin. Dogecoin’s market cap
is 12.38 billion, while Shiba Inu’s marketcap is $6.75 billion.
