SHIB Price Analysis February 2022

SHIB is a token of platform Shiba Inu. Its current price is around $0.00002988 by writing, with a low of $0.00000001 in 2021, and has a market cap of 16.2 billion dollars.

What is Shiba Inu?

The Shiba Inu has been used as a meme token for quite some time and has developed into its vibrant ecosystem. Shiba Inu is a peer-to-peer network running on a decentralized network called a blockchain. SHIB has been up thousands of times, and it’s expanding its reach.

SHIB was the first listed on DEX and ShibaSwap, a proprietary system incentivized with SHIBs. It aims to provide a safe and decentralized platform for trading cryptocurrencies. Ryoshi founded it in 2020, and it is powered by its native coin SHIB.

What is SHIB?

SHIB is the coin of the Shiba Inu platform, which is around $0.00002988 by the time of writing, with a low of $0.00000001 in 2021. Its current ranking is #14 according to CoinMarketCap, with a market cap of 16.2 billion dollars.

SHIB reached a high of $0.00008845, with a low of $0.00000001. The SHIB crypto coin was created by a joke which provides a secure and transparent way to make transactions.

SHIB Coin Market Analysis 

It has a total supply of 589,735,030,408,323 coins worth around $0.00002988 with a market volume of 4.1 billion dollars, whereas the market capitalization is 16.2 billion dollars at writing. 

SHIB Price Prediction

On the 1D timeframe, SHIB’s price has been above at sky in recent months but is currently trading in the downtrend and now has formed new support which pumped and broke a very strong trend-line might give retest.

For any time, on-demand analysis on $SHIB or any other coin can join our Telegram channel.

Shib Price Prediction
SHIB Price Prediction

Here are some of the best exchanges to buy SHIB in 2022.

Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.

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Pratyaksh