August 17, 2023, the price of SHIB is $0.00001026. It is up 2.10% in the last 24 hours. The market cap of SHIB is $5.45 billion.
SHIB has been on a downward trend since its all-time high of $0.00008845 in October 2021. However, it has been showing some signs of recovery in recent days.
There are a few factors that could affect the price of SHIB in the future. One is the upcoming launch of the Shibarium layer-2 solution. Shibarium is expected to reduce gas fees and make SHIB more scalable. This could make SHIB more attractive to investors and could lead to an increase in its price.
Another factor that could affect the price of SHIB is the continued adoption of the memecoin by businesses and organizations. In recent months, several businesses have started accepting SHIB as payment. This could lead to more widespread adoption of SHIB and could also drive up its price. $SHIB 
