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Shiba Inu Price (SHIB)
INR

Shiba Inu Price (SHIB)

Currency:
Crypto asset prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks.
SHIB to INR:
1 Shiba Inu equals ₹ 0.002444 INR+0.15%1D
Page last updated: 2024-12-12 17:03 (UTC+0)
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Note: This information is for reference only.

Price of SHIB today

The live price of Shiba Inu is ₹ 0.002444 per (SHIB / INR) with a current market cap of ₹ 1,440.26B INR. 24-hour trading volume is ₹ 112.24B INR. SHIB to INR price is updated in real-time. Shiba Inu is +0.15% in the last 24 hours with a circulating supply of 589,255.62B.
SHIB Price History INR
Date ComparisonAmount Change% Change
Today₹ 0.000004+0.15%
30 Days₹ 0.000293+13.62%
60 Days₹ 0.000968+65.53%
90 Days₹ 0.001263+106.99%

SHIB Market Information

24h Low & High
Low: ₹ 0.00241
High: ₹ 0.002524
The highest and lowest price paid for this asset in 24 hours.
All Time High
₹ 0.007506
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
-0.44%
The percentage change in price for this asset compared to 1 hour ago.
Price Change (24h)
+0.15%
The percentage change in price for this asset compared to 24 hours ago.
Price Change (7d)
-7.83%
The percentage change in price for this asset compared to 7 days ago.

SHIB Market Information

Popularity
#13
Popularity is based on the relative market cap of assets.
Market Cap
₹ 1,440.26B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
₹ 112.24B
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
589,255.62B
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
--
The total number of coins that will ever be created for the crypto asset, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
₹ 1,440.88B
The total number of coins that will ever be created for the crypto asset, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Issue Date
2020-08-01

What Can You Do With Shiba Inu (SHIB)?

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What is Shiba Inu (SHIB)?

Shiba Inu (SHIB) is a decentralized meme token created in August 2020 by an anonymous person or group of people under the pseudonym Ryoshi. It is based on the Ethereum blockchain and is one of the most popular dog-themed cryptocurrencies in recent years. 

Shiba Inu's native cryptocurrency, SHIB, is an ERC-20 token. Transactions on the Shiba Inu network are validated using a Proof-of-Stake (PoS) consensus mechanism. The SHIB Army is a community of SHIB holders and supporters whose members are encouraged to guide the community. The live price of Shiba Inu coin (SHIB) is updated and available in real time on Binance.

SHIB is not intended to be a currency but rather a community token that can be used to interact with the Shiba Inu ecosystem. The ecosystem includes a decentralized exchange called ShibaSwap, a non-fungible token (NFT) marketplace, and a metaverse called Shibarium.

 What Is Shibarium?

 Shibarium is a layer-2 scaling solution for the Shiba Inu ecosystem. It sits on top of the Ethereum blockchain, which allows it to inherit the security and stability of Ethereum. Shibarium is designed to reduce gas fees and improve the speed and efficiency of transactions.

 The latest Shibarium upgrade, known as the Heimdall and Bor hard forks, enhances compatibility with Ethereum following its Dencun upgrade and introduces a new upgradeable burn contract.

Top Coins in the Shiba Inu Ecosystem

 The Shiba Inu ecosystem consists of three main coins: SHIB, LEASH, and BONE. SHIB is the native token of the Shiba Inu ecosystem. LEASH is a deflationary token that is pegged to the price of SHIB. It is designed to be used as a reward for liquidity providers on the ShibaSwap decentralized exchange. BONE is a governance token of the Shiba Inu ecosystem and is used to participate in the ecosystem's governance and earn rewards for staking BONE.

SHIB is listed on Binance for trade and purchase. The live price of the Shiba Inu coin (SHIB) is updated and available in real-time on Binance.

Shiba Inu Resources

Official Shiba Inu Coin Website

People Also Ask: Other Questions About Shiba Inu

What Is Shiba Inu Coin?

Shiba Inu (SHIB) is a meme coin created in August 2020. It is inspired by the Shiba Inu, a Japanese dog breed, which also serves as the mascot for Dogecoin, another cryptocurrency with meme origins. SHIB is an ERC-20 token, meaning it runs on the Ethereum blockchain. It has a total supply of 589.59T SHIB, which is also it's current circulating supply.
 

Will SHIB Burn Impact its Price?

"Burning" in cryptocurrencies refers to the intentional removal of tokens from circulation, effectively reducing the total supply. For SHIB or Shiba Inu tokens, burning involves sending a certain number of tokens to a designated "burn" address, rendering them inaccessible and unusable. This process decreases the overall supply of SHIB, potentially driving up scarcity and value. But it must be noted that burns alone cannot influence prices without uniform and substantial token investments.  

What Is SHIB Used For?

SHIB is used as a store of value, as well as a tradable cryptocurrency token that facilitates global payments. SHIB is also used ons ShibaSwap, Shiba Inu’s native decentralized exchange (DEX). SHIB and other ecosystem tokens, BONE (a community governance token) and LEASH (another ERC-20 token) are said to be best purchased on ShibaSwap.

Who Accepts SHIB As Payment?

Shiba Inu has started gaining acceptance by a few online retailers and service providers, with potential for more in the future. At the time of writing, few places where Shiba Inu holders can spend it as a payment include Whole Foods, Gamestop, Nordstrom, Petco, Sling, Hostkey, among others. 

Will Shiba Inu Coin Reach $1?

The price of Shiba Inu (SHIB) is constantly changing, so it is difficult to give a definitive answer. It is important to do your own research before investing in any cryptocurrency. Some factors that affect the worth of Shiba Inu coin are the overall crypto market, news and events, whale activity, etc.

Will Shiba Inu Go Up Today?

Check out our SHIB Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.

How to Buy SHIB on Binance? 

SHIB can be purchased directly on Binance with a credit or debit card. You can also trade other cryptocurrencies for SHIB on the Binance Exchange. Read our quick guide on How to Buy SHIB for more instructions. 

SHIB to Local Currency

FiatPriceOperation
1 SHIB to USD$ 0.000029
1 SHIB to TRY$ 0.000029
1 SHIB to RUB$ 0.000029
1 SHIB to EUR$ 0.000029
1 SHIB to AED$ 0.000029
1 SHIB to AUD$ 0.000029
1 SHIB to BRL$ 0.000029
1 SHIB to VND$ 0.000029
1 SHIB to IDR$ 0.000029
Last updated 2024/12/12 05:03 (UTC)

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Crypto asset prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by Binance about the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned crypto asset presented here (such as its current live price) are based on third-party sources. They are presented to you on an "as is" basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance's control. Binance is not responsible for the reliability and accuracy of such third-party sites and their contents.