Current Status of Shiba Inu (March 4, 2024)
Shiba Inu (SHIB) is a meme cryptocurrency that was launched in 2020 and gained immense popularity in a short time. SHIB, also known as the "Dogecoin killer", continues to attract investor attention lately. So, what is the current status of Shiba Inu?
Price: As of March 4, 2024, the price of SHIB is $0.000034. It decreased by 0.23% in the last 24 hours. Its performance in the last 7 days is an increase of 2.15%.
Market Cap: SHIB's market cap is $14,324,944,320. This makes it the 15th largest cryptocurrency by market cap.
Circulating Supply: SHIB's circulating supply is 549,000,000,000,000.
Burn Rate: Shiba Inu's developers are performing token burns to reduce the supply and increase the price. 10,000,000 SHIBs were burned in the last 24 hours.
Developments: The team behind Shiba Inu is working on a Layer-2 solution called Shibarium. The launch of Shibarium is expected to increase the transaction speed and scalability of SHIB.
Investor Sentiment: Shiba Inu is a very popular topic on social media and cryptocurrency forums. Investors' interest in SHIB has a significant impact on the price.
Risks: Shiba Inu is a cryptocurrency with high volatility. Therefore, investors should carefully consider the risks before investing in this cryptocurrency.
Conclusion: Shiba Inu is a meme cryptocurrency that continues to attract investors' attention lately. The launch of developments such as Shibarium could push up the price and market value of SHIB. However, investors should carefully consider the risks before investing in this cryptocurrency.
Note: This blog post is for informational purposes only. It is not investment advice.
