This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Another option is to use Atomic Wallet to store ether (ETH) bought from any exchange and then convert that ETH balance to SHIB using the wallet’s non-custodial, instant exchange feature. Purchasing SHIB token using Uniswap is virtually identical to buying the token via ShibaSwap; you’ll need to visit the official website here and click the “launch app” button in the top right-hand corner. As Binance is one of the exchanges where the highest volume of SHIB tokens are traded, we’ll use this platform as an example.
As the main token of the ecosystem, KSHIB brings the power of a decentralized, community-led currency to millions across the globe. Since its inception in late 2020, KSHIB has become a worldwide phenomenon and is now accepted as a form of payment at hundreds of locations. It is built on the Ethereum blockchain and offers basic capabilities such as peer-to-peer transactions and the ability to build digital products.
Shiba Inu Price Live Data
On ShibaSwap, these tokens can be used to “dig” (provide liquidity), “bury” (stake tokens), and even “fetch” (exchange one token for another). Tokens used in these strategies generate “Woof” returns in the form of Bone tokens what is kshib that are distributed to token pools known as “Puppy Pools,” according to the woof paper. Because Shiba Inu is an Ethereum-based ERC-20 token, it was created on and hosted by the Ethereum blockchain instead of its own blockchain. Ryoshi stated in the paper that they chose to build the Shiba Inu ecosystem on Ethereum because it was already secure and well-established, and it allowed the project to stay decentralized.
Shiba Inu priceSHIB#11
For those interested in investing, it’s important to understand how different platforms might display your holdings. Once you’re confident you have imported the correct shiba inu coin, you can decide how much ether you want to swap into SHIB and complete the transaction. Once you’re done, you’ll need to create a password and fund your Metamask wallet with an amount of ether – the native cryptocurrency of the Ethereum blockchain. This will take you to a page with several options where you can purchase ether using your debit or credit card.
How Many SHIBA INU (SHIB) Coins Are There in Circulation?
For cryptocurrency enthusiasts, part of the allure of meme coins is that they reject conventional protocols, and this unconventional approach may extend to the use of canine terms to describe return strategies. But they certainly seem to be a world away from staid investment terms such as return on investment and liquidity. To illustrate the broader application of unit prefixes in the cryptocurrency world, let’s explore the case of Golden Inu (GOLDEN).
Most Visited Cryptocurrencies
Shiba Inu has a large following, but it is difficult to say whether the coin has the potential to continue developing and attracting users. Even after some impressive gains, Shiba Inu (SHIB) costs a fraction of a cent, so one can buy millions of SHIB tokens with a few hundred dollars. At its peak price of $0.00009, $100 would have fetched over 1.111 million SHIB tokens. The amount of coins you can purchase can cause significant losses if SHIB’s price ever tumbles, but the chance of tremendous gains also exists.
- API users looking to automatically convert between SHIB and KSHIB with no fees can refer to Binance.US’ API Documentation portal.
- On ShibaSwap, these tokens can be used to “dig” (provide liquidity), “bury” (stake tokens), and even “fetch” (exchange one token for another).
- Bookmark the portal for detailed information on Binance.US’ REST API and WebSockets, in addition to code samples in Python and Shell.
- Additionally, retailers increasingly started adopting SHIB as a means of payment following its popularity among small-time investors.
This typically involves authorizing the connection from within your wallet app. Open your wallet and navigate to the “Connect Wallet” option on the Golden Inu Token website. Named after the metric prefix, one Kilo Shiba Inu (KSHIB) is equivalent to 1,000 Shiba Inu (SHIB) tokens.
Shiba Inu is continuously being developed and improved by a dedicated community to have utility and use cases, so it is possible that it will remain one of the more popular cryptocurrencies on the market. Additionally, retailers increasingly started adopting SHIB as a means of payment following its popularity among small-time investors. American electronics retailer Newegg added SHIB at the start of December 2021, partnering with crypto payments platform BitPay to unlock payments in SHIB. At one point, the Shiba Inu community called for McDonald’s to accept Shiba Inu, although the social media effort eventually fell short.