Shiba Inu Price（SHIB）USD

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Shiba inu (SHIB) is generally perceived as an Ethereum-based memecoin similar to other dog-themed cryptocurrencies such as popular dogecoin (DOGE) and has a similarly viral following of more than 1.2 million people on Twitter.

Unlike Bitcoin, which is designed to be scarce, SHIB is intentionally abundant — with a total supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.

SHIB’s price often makes news headlines, as it routinely notches tremendous gains and endures equally steep losses.

How to Buy Shiba Inu?

You can buy, send, and receive SHIB from a few different crypto exchanges. And because SHIB is issued as an Ethereum token, it’s compatible with the vast Ethereum ecosystem.

Advantages include compatibility with Ethereum wallets, availability on decentralized exchanges (or DEXs) like UniSwap, the potential for SHIB to be incorporated into ETH-based DeFi applications like lending and savings products and NFT marketplaces.

How Is SHIB Different from DOGE?

SHIB, unlike DOGE, is compatible with the Ethereum ecosystem — which has allowed the community to create crypto apps like ShibaSwap, a DEX that allows users to trade and stake tokens without an intermediary. In the future, the Shiba community plans to release an NFT platform and DAO-based governance system for the Shiba ecosystem (called “DoggyDAO”).

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