What is the purpose of Shiba Token?

Shiba Inu (SHIB) is a token that aspires to be an Ethereum-based alternative to Dogecoin (DOGE), the popular memecoin. Unlike Bitcoin, which is designed to be scarce, SHIB is intentionally abundant — with a circulating supply of one quadrillion.

How much is a Shiba Token worth?

Like DOGE – a key staple of billionaire Elon Musk’s crypto schtick on Twitter – the SHIB token is a highly volatile cryptocurrency whose primary use case is often considered to be speculation itself; it’s traded for fast profits and yuks. Of the $2.88 billion in total assets in the wallets, roughly $558 million, or about 20%, are in SHIB.

What is Shiba Inu?

Shiba Inu coin is an Ethereum-based altcoin based on the same-named Japanese-bred hunting dog. It is regarded as a viable alternative to Dogecoin.