A Brief History of Shiba Inu's Price Performance
The Shiba Inu (SHIB) token, launched in 2020, quickly became a sensation in the cryptocurrency world. Designed as a meme coin, it gained traction alongside other viral assets like Dogecoin. Below, we explore key milestones and market trends that shaped SHIB's journey.
Key Developments in Shiba Inu's Timeline
August 2020
- SHIB debuted as a Dogecoin-inspired token.
- Initial price: Negligible (around $0.000000000145).
April 2021
- Listed on exchanges like MXC, BKEX, and Bilaxy.
- Price surged to $0.00000249.
May 2021
- Major listings on OKEx, KuCoin, and Crypto.com.
- All-time high: $0.0000388** (market cap: **$13B).
July 2021
- Launch of ShibaSwap (a decentralized exchange).
- Market downturn pushed SHIB to $0.00000802.
August 2021–Present
- Meme coins lost momentum, but SHIB retained a loyal community.
Comparing Shiba Inu with Other Assets
Shiba Inu vs. USD
- SHIB skyrocketed 1,232,220.5% against the USD since 2020.
- Fiat currencies struggled with inflation, while crypto thrived.
Shiba Inu vs. Gold
- Gold declined in value, while SHIB gained millions in percentage returns.
- Investors increasingly favor crypto over traditional stores of value.
Shiba Inu vs. Ethereum
- While Ethereum is a tech-driven altcoin, SHIB outperformed it during meme coin hype cycles.
Future Price Predictions for Shiba Inu
2024 Outlook
- SHIB’s fate hinges on meme coin resurgence and ShibaSwap adoption.
- Potential range: $0.0000050–$0.00050.
Long-Term (Beyond 2024)
- Regulatory shifts and DeFi innovation will play pivotal roles.
- SHIB could either fade or surge to new highs, depending on ecosystem growth.
👉 Explore more crypto insights
FAQ Section
1. Who created Shiba Inu?
- Anonymous developer Ryoshi launched SHIB as a Dogecoin alternative.
2. What’s SHIB’s total supply?
- Initially 1 quadrillion tokens; 40% burned to create scarcity.
3. Can SHIB be mined?
- No—it’s an Ethereum-based ERC-20 token.
4. How to buy SHIB?
- Purchase via ShibaSwap, Uniswap, or regulated exchanges like KuCoin.
5. What makes ShibaSwap unique?
- Integrates SHIB, LEASH, and BONE tokens for DeFi trading and staking.
👉 Stay updated on meme coin trends
Final Thoughts
Shiba Inu’s volatility mirrors the speculative nature of meme coins. While its future is uncertain, SHIB remains a cultural phenomenon in crypto. For deeper insights, check our Shiba Inu price prediction guide.