Shiba Inu pumped up 12%

Shiba Inu is up 12.18% in the past 24 hours on news of a Robinhood listing. It's not the first time such rumors have surfaced. Shiba Inu's peak in October 2021 could be due to the same rumors. This article will tell you everything you need to know about it, as well as how and where to buy SHIB.

What is SHIB?

Shiba Inu (SHIB) is a decentralized meme token that was created in August 2020. It's always been compared to Dogecoin, but the fact that they're both dog memcoins is all they have in common.

The developers have released SHIB on Ethereum as an ERC-20 token with a total of one trillion coins. Before the launch, half of the digital coins were transferred to the Uniswap DEX and the keys destroyed.

The developers transferred the other half to Vitalik Buterin, the founder of Ethereum. He destroyed 90% of the tokens by sending them to an address that did not exist.

Should I buy SHIB today?

SHIB is doing fine now, but it is currently trading well below its all-time high of $ 0.000087 per coin in October. It is currently changing hands at $ 0.000032, according to data from CoinMarketCap. Invest at your own risk.

SHIB price forecast

The Digital Coin Price predicts the price of Shiba Inu (SHIB) could hit $ 0.000535 in 2025, and some analysts say a bull run could lead to $ 0.000727.

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