Rancakmedia.com – Today's shiba inu coin price, November 15, 2021 realtime on coinmarketcap and Shiba inu coin fans always monitor the current shiba inu coin price. According to Coinmarketcap statistics at the time of writing, today's shiba inu coin price is IDR 0.745226 with a 24-hour trading volume of IDR 30,831,007,539,965.
Coin price the shiba inu had fallen 5.77 percent over the previous 24 hours. CoinMarketCap is now ranked 11th and has a market capitalization of IDR 409,200,214,975,145.
The circulating supply of this shiba inu is 549,095,509,738,353 SHIB coins, and the maximum supply is unknown. According to many websites that predict the price of shiba inu coins, experts say that getting a dollar's worth is not easy.
The projected price of shiba inu coins at the end of 2021 to early 2022 attracts investor interest in this crypto asset. Although the price of this shiba inu coin has been decreasing since October 2021, the shiba inu dog meme cryptocurrency has continued by more than 60,000,000 percent in the last year.
Currently, the shiba inu coin has a market capitalization of over 30 billion dollars, or more than 30 trillion rupiah, and is ranked 11th on Coinmarketcap. However, what makes it so popular, and can it be predicted that the shiba inu coin will continue to grow in popularity? What you need to know is as follows.
What are Shiba Inu Coins
Shiba Inu bills itself as an “experiment in spontaneous, decentralized community creation” on its website. It was created in August 2020 and is now listed on ShibaSwap, a decentralized exchange.
According to the Token Shiba website, 50% of the entire supply has been locked within Uniswap, a decentralized finance mechanism that enables automated trading between Ethereum-based cryptocurrency tokens. Vitalik Buterin, co-founder of Ethereum, received the remaining 50%.
“Everyone should buy on the open market, guaranteeing fair and thorough distribution where developers don't have team tokens to dump on the community,” claims the website. However, according to Binance, “the top 1, 2, and 5 wallets control 50.5 percent, 7%, and 3%, respectively, of the entire supply.”
The coin's mascot is a shiba inu dog, the same breed as Dogecoin. He also identifies as the “Dogecoin Killer.” Why is the Shiba Inu a popular dog breed?
Certain investors are attracted to coins like the shiba inu because they offer the possibility of quick riches. However, you may quickly lose all your money if you blindly follow popular trends.
According to Jonathan Cheesman, head of institutional sales at crypto-derivatives exchange FTX, who spoke to Bloomburg via the inews.co.uk website, Shiba Inu Coin is on the rise.
“Shiba inu memes will be worth their money in 2021. Retailers want lower priced tokens,” he said. The shiba inu coin has a growing market, which has been supported by predictions that it will soon be listed on the popular trading platform Robinhood.
Over 300,000 people have signed a Change.org petition requesting that shiba inu coins be included on the Robinhood platform.
While Robinhood has yet to respond, its CEO Vladimir Tenev said earlier this week that the platform would carefully consider adding new coins in a way that is safe for clients and complies with regulatory standards.
“We are very pleased with the coins listed on our platform today. And with every coin again, we want to feel equal, if not better." It didn't take long for the shiba inu market to take off earlier this month, with prices skyrocketing just because Elon Musk tweeted a photo of his dog.
Musk has revealed that while he doesn't personally own shiba inu coin, he does own Bitcoin, Ethereum, and Dogecoin.