Shiba Inu (SHIB) launched in August 2020 as a crypto created by an anonymous figure, inspired by the Shiba Inu dog breed, which also represents Dogecoin, $SHIB
started as a fun, meme-based token. As of November 2024, SHIB is priced around $0.000025 USD, with a market cap of about $14.85 billion USD, making it the 11th largest crypto.
Its daily volume is over $1.8 billion, and with a supply of roughly 589 trillion tokens, it still manages to hold strong interest from investors. A big part of that is due to its active community and efforts to burn tokens, which could help reduce supply and increase value.
SHIB has had its ups and downs recently. For instance, when a whale account moved 100 billion SHIB tokens, worth about $2.85 million, many expected the price to drop. Instead, it went up by over 16%, showing how much momentum the market still has for SHIB.
Looking ahead, predictions vary. Some analysts think SHIB could reach $0.000047 by 2025, which would mean an 85% increase. Others are more cautious, expecting prices between $0.000033 and $0.000047 depending on how things go in the market.
The Shiba Inu community continues to push the token forward, and its ecosystem keeps expanding. While it started as a meme coin, SHIB is proving it might have more power than many expected.
