11/19/2023 0 Comments Shiba coin watch![]() ![]() It came behind Bitcoin and Ethereum which occupied 1st and 2nd positions respectively. It has circulating supply volume of 999,988,284,057,786 SHIB coins and a max. For the top 10 most watch-listed coins on CoinMarketCap, SHIB made 3rd place on the list. Shiba Inu price is 0.00000782, down -0.96 in the last 24 hours, and the live market cap is 5B. Shiba Inu (SHIB) Takes 3rd PlaceĪs Shiba Inu got kicked out of the top 10 cryptocurrencies by market cap, presently occupying 11th place, it has set up shop as a top contender in another top 10 list. SHIB not only made it into the top 10 but has beaten out some of its top rivals on the list. But Shiba Inu has shaken up things recently. The top watch-listed assets on this list usually do not fluctuate much. The watch-list on CoinMarketCap is a feature that allows investors to choose the assets they want to keep an eye on as the market evolves. However, the meme coin remains one of the most popular crypto coins in the market. SHIB had lost its footing at this high price, dragging it out of the crypto top 10. Shiba Inu reached its highest price on when it was trading at its all-time high of 0.00008819, while Shiba Inus lowest price was recorded on. ![]() The SHIB price increased 4.07 in the last 24 hours. Investors had poured into the coin following its rallying to a new all-time high in October and have since maintained support for it. Shiba Inu price today is 0.08529 with a 24-hour trading volume of 251.67M, market cap of 5.03B, and market dominance of 0.42. Investors who believe in the potential of cryptocurrencies are largely confident that a new bull crypto market will help to create a strong market-wide rally that will drag more prices upwards, but in terms of growth, it's extremely rare for an established asset to rally 100,000% in this manner.Shiba Inu has not been doing very well recently in the market, but that has not stopped the meme coin from being a favorite in the market. Using this as an indicator would mean that SHIB's circulating supply would need to fall to almost 100,000th of its current level to experience the same price in the current crypto market. Crypto Home Investing Quotes Crypto Currency SHIBUSD Overview Market Screener Sectors SHIBUSD Data provided by Shiba Inu USD Watch list Last Updated: 11:19 a.m. This coin's circulating supply is $7.44 billion. The closest asset to Shiba Inu in terms of market capitalization and proximity to a $1 value is Polygon (MATIC), which has a value of $0.85 at the time of writing. Top New Meme Coins to Watch Out For in June - Pepe Coin, Shiba Inu, BenderCoin & Dogecoin. With such significant levels of adoption, it seems that investor sentiment has leveraged more usability for SHIB, and the fact that stores are beginning to accept the cryptocurrency means that some form of utility has been forged for the coin.Īs for Shiba Inu's path to $1, let's look deeper at a more logical circulation level. SHIB Adoption May Increase Despite Low Value First, SHIB's creation on the Ethereum blockchain means that it's far more accessible than other small-cap meme tokens, and it's paved the way for the likes of Binance and Coinbase to add the asset to their respective options with relative ease. However, should Shiba Inu's circulation fall drastically, like when Vitalik Buterin burned half of the coin's total supply, greater scarcity could impact the coin's value.įor investors, there are a few more heartening signs. Considering that Motley Fool reported that the total global wealth stands at around $500 trillion, this is a mind-boggling figure to come to terms with. At around 589 trillion tokens, SHIB's market capitalization would need to be $589 trillion for SHIB to reach a coin value of $1. ![]() So, can Shiba Inu reach one dollar? The answer is almost certainly not-or, at least, not with current circulation levels.īitcoin's current market value, which typically ranges within the $10,000s, is driven by the coin's fixed scarcity of having a maximum supply of 21,000,000 tokens that can ever be minted. ![]()
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