Shiba Inu Total Supply Breakdown and Market Data

The Shiba Inu total supply is a topic of interest for many cryptocurrency enthusiasts. There are 1 quadrillion SHIB tokens in existence.

The majority of SHIB tokens are held by the founder, Ryoshi, or his team, with a staggering 50% of the total supply. This concentration of tokens can impact the market dynamics and overall value of the cryptocurrency.

As of now, the total supply of SHIB tokens is capped, meaning no more tokens will be created. This is in line with the cryptocurrency's deflationary model, which aims to increase the value of each token over time.

The total supply of SHIB is a staggering 589,291,593,250,485 tokens, a number that highlights the deflationary mechanisms in place to potentially boost SHIB's value.

Token burning is one such mechanism that helps reduce the total supply, which in turn can increase the value of each token.

Token Value is a complex topic, and it's influenced by several factors. One of the main reasons Shiba Inu (SHIB) is considered valuable is because of its strong community support and hype.

Community enthusiasm can drive demand and contribute to the token's value. This is evident in the case of SHIB, which has gained a significant following.

Listing on major cryptocurrency exchanges can increase liquidity and accessibility, attracting more traders and investors. This is a key factor in determining the token's value.

SHIB's meme token status has contributed to its appeal and popularity. It's no secret that meme tokens have a way of captivating the crypto community.

Tokenomics, including factors like token supply, distribution, and utility within the ecosystem, can influence the perceived value of SHIB. Token burns or deflationary mechanisms can contribute to scarcity and potentially impact value.

Here are some key factors that can impact the value of SHIB:

Partnerships and ecosystem development can positively impact the value of SHIB. Collaborations and ongoing development within the Shiba Inu ecosystem can garner more attention from the crypto community.

Shiba Inu's market data is publicly available, and it's a great way to get a snapshot of the cryptocurrency's current state.

The current market capitalization of Shiba Inu is $10.9 billion, ranking it #14 among other cryptocurrencies.

Shiba Inu's fully diluted market capitalization is also $10.9 billion, which is calculated by multiplying its total supply by the current price.

Trading volume has been relatively low, with a 24-hour trading volume of $44.8 million, ranking it #79 in terms of trading activity.

The 24-hour price range for Shiba Inu is between $0.0000182 and $0.0000192.

The Shiba Inu (SHIB) price stats are quite interesting.

The market capitalization of SHIB is $10.9 billion, ranking it #14 in the market.

Its 24-hour trading volume is $44.8 million, with a 24-hour change of -21.42%.

The 24-hour price range is between $0.0000182 and $0.0000192.

The circulating supply of SHIB is 589,270,540,915,470 tokens.

Here's a breakdown of the SHIB price stats:

The market cap chart is a powerful tool for understanding the value of a cryptocurrency like Shiba Inu. It shows the current market cap and how it compares to other cryptocurrencies.

Market cap is calculated by multiplying the total supply by the current price. If the total supply isn't available, the max supply is used instead.

The chart also shows how much the market cap would increase if the price of Shiba Inu were to multiply by a certain factor, such as x2 or x10. This gives you an idea of how the market cap would compare to other cryptocurrencies under different scenarios.

For example, if the price of Shiba Inu were to multiply by x2, its market cap would increase significantly.