👉 Discover the latest SHIB trends on OKX
Latest SHIB News and Price Trends
Top meme coin Shiba Inu (SHIB) has surged over 100% in the past year, driven by:
- Increased crypto market interest
- Rising SHIB burn rates
- Ecosystem developments
Token burning reduces circulating supply to create scarcity. Shiba Inu has cut its initial 1 quadrillion supply by nearly half to ~589.26 trillion SHIB currently.
Key updates:
- Shytoshi Kusama (lead developer) announced TREAT coin launching in early 2025 as Shiba Inu's fourth and final official token
- Analyst Javon Marks predicts 260% upside to $0.000081 in coming months
Understanding Memecoins
SHIB and DOGE dominate memecoin conversations. But what are they?
Memecoins like SHIB/DOGE:
- Emerged from internet culture (Dogecoin inspired by the Shiba Inu meme)
- Focus on community engagement over technical innovation
- Typically have limited utility vs. major cryptos (BTC/ETH)
- Often trade at low prices due to massive supplies
👉 Trade SHIB with confidence on OKX
What Is Shiba Inu (SHIB)?
Created in 2020 by "Ryoshi," SHIB:
- Positions itself as the "Dogecoin Killer"
- Runs on Ethereum as an ERC-20 token (unlike DOGE's standalone blockchain)
- Powers the ShibaSwap DEX ecosystem
Had initial supply of 1 quadrillion SHIB:
- 50% locked in Uniswap
- 50% sent to Vitalik Buterin (who burned 90%)
Additional tokens:
- LEASH: Originally pegged to DOGE price (now standalone ERC-20)
- BONE: Governance token for Shibarium
SHIB Price Overview
| Metric | Value |
|---|---|
| Current Price | $0.00001180 (+5.33% 24h) |
| Market Cap | $7.0B (Rank #18) |
| Circulating Supply | 589.25T SHIB |
| All-Time High | $0.00008819 |
| All-Time Low | $0.000000000056 |
SHIB has gained over 30,000,000% from its lows, attracting investors with its low unit price.
SHIB vs. DOGE: Key Differences
| Factor | SHIB | DOGE |
|---|---|---|
| Supply Cap | Fixed (with burns) | Infinite inflation |
| Blockchain | Ethereum (ERC-20) | Native blockchain |
| Use Cases | ShibaSwap ecosystem | Tipping currency |
| Launch Year | 2020 | 2013 |
How to Mine SHIB?
SHIB mining methods:
GPU/CPU Mining:
- Use unmineable.com to convert hashpower to SHIB
- Supports PhoenixMiner (GPU) and xmrig (CPU)
Liquidity Mining:
- Provide liquidity on ShibaSwap for BONE rewards
ShibaSwap: SHIB's Native DEX
Launched in July 2021, ShibaSwap:
- Processes 59+ trades with 500k+ users
- Offers staking, liquidity pools, and token swaps
- Uses BONE for governance and transaction fees
Shibarium: SHIB's Layer-2 Solution
Shibarium enhances SHIB by:
- Using proof-of-stake for faster/cheaper transactions
- Adopting BONE as native gas token
- Implementing SHIB burns per transaction
This aims to transition SHIB from memecoin to full ecosystem.
Historical Price Analysis
Key SHIB milestones:
- May 2021: Listed on Binance → ATH $0.000088
- Oct 2021: Musk's Shiba tweet → 600% spike
- 2022-2023: Shiberse metaverse announcement → Renewed interest
- 2024: Trading at ~$0.00001180
Price Predictions
Short-Term (2024)
| Date | Price Prediction | Change |
|---|---|---|
| 07-18 | $0.00001145 | -2.98% |
Long-Term
| Year | High Target |
|---|---|
| 2026 | $0.000207 |
| 2031 | $0.000275 |
| 2050 | $0.000696 |
Note: SHIB reaching $0.01 by 2025 would require unrealistic 10x annual growth.
Should You Invest in SHIB?
Consider:
✅ Pros:
- Strong community support
- Ecosystem expansion (Shibarium, ShibaSwap)
- High volatility = trading opportunities
❌ Cons:
- Still primarily a memecoin
- Faces competition from DOGE
Best for: Investors comfortable with high-risk assets.
How to Buy SHIB?
Top exchanges listing SHIB:
- BTCC (Offers SHIB/USDT perpetual contracts with 50x leverage)
- Binance
- Coinbase
Purchase steps:
- Register on an exchange
- Deposit fiat/crypto
- Buy SHIB via spot/margin markets
👉 Get started with SHIB trading
FAQ
Is SHIB better than DOGE?
SHIB offers more utility via ShibaSwap/Shibarium, but DOGE has stronger brand recognition.
Can SHIB reach $1?
Extremely unlikely due to massive circulating supply. Even $0.01 would require unprecedented growth.
Where to store SHIB?
Use ERC-20 compatible wallets (MetaMask, Trust Wallet) or keep on exchanges for trading.
Final Thoughts: While SHIB shows long-term potential, its memecoin nature brings high volatility. Always research thoroughly before investing.
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