Shiba Inu (SHIB) is a popular meme coin in the crypto community, launched in the wake of user interest in Dogecoin. Even though the token has been around for several years and is traded on all major exchanges, it is subject to high volatility.

At different times, SHIB was supported by Elon Musk and Ethereum founder Vitalik Buterin, which was immediately reflected in the cryptocurrency rate. At the time of writing, the token is trading at a price of $0.00003, which is the maximum over the last two years.

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