Shiba Inu Price — SHIB to USD Chart

Overview

SHIBUSD chart

Key facts today

Shiba Inu (SHIB) hit $0.0000335 on December 8, 2024, before dropping to $0.0000185 after the US FOMC meeting. Analysts see recovery signs, forecasting a potential rise to $0.000029, a 25% increase.

Shiba Inu (SHIBUSD) rose 7% in 24 hours to $0.000023, with trading volume up 28% to $758.17 million. It hit a high of $0.00002406 but faced resistance. SHIB needs to break $0.000024 for further gains.

Shiba Inu (SHIB) has seen a 30% drop in network activity, trading near $0.000023. It faces resistance at $0.000025 and $0.000027. A failure to hold above $0.000022 could lead to a retest of $0.000020.

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Key stats

About Shiba Inu

What would crypto be without canine-based tokens? Probably a lot less chaotic, but that didn’t stop an anonymous dude called ‘Ryoshi’ from creating Shiba Inu in 2020 — which, thanks to the so-called ‘Shib Army’ and Vitalik Buterin famously burning 40% of the supply, saw massive gains during 2021. Unlike fellow crypto-canine DOGE which operates on its own blockchain, Shiba Inu is based on Ethereum to give it increased scalability. To date, some of its use cases include an NFT "artistic Shiba movement" and a campaign via AmazonSmile to collect donations to rescue real Shiba Inu dogs. Pretty cool.