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The Shiba Inu (CRYPTO: SHIB) cryptocurrency opened at a price of $0.00000000008 per token in 2021 before soaring by a whopping 107,499,900% to a peak of $0.000086 in October of that year. But ...
At the current token price, Shiba Inu has a market capitalization of about $18 billion. Simple math suggests that at a price of $1 per token, its market cap would be $589.3 trillion.
About 589.5 trillion tokens are currently in circulation, so based on the price per token of $0.000028 as of this writing, Shiba Inu has a market capitalization of $16.6 billion.
Using a few back-of-the-envelope calculations, that leads to a $32 billion market cap for Shiba Inu and an implied price of $0.00005 per token. From my perspective, though, this approach is not ...
The metrics peaked in October of that year when the price of a shiba inu coin reached $0.0000845 — a rise of 1,000% over the previous 25 days. For the year, the coin jumped an unbelievable 43.8 ...
Shiba Inu token (ticker: SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person or group using the pseudonym "Ryoshi". [1] It is inspired by the Shiba Inu (柴犬), a Japanese dog breed, which also serves as the mascot for Dogecoin , another cryptocurrency with meme origins.
If Shiba Inu actually reaches $0.01, its market cap would nearly hit $5.9 trillion -- compared to a combined market cap of $2.3 trillion for the entire crypto market today. And according to Shiba ...
Shiba Inu reached an all-time high of $0.000086 in 2021, and it ended that year with a total gain of 45,278,000%, which remains one of the best annual returns in the history of financial markets.
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