Disclaimer: Crypto is highly volatile and you could possibly lose all your money, do your own research before investing.
Key Takeaways:
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Shiba Inu (SHIB) was launched in August 2020 at a price of $0.000000000056.
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The coin experienced a significant surge, reaching $0.00003791 on May 10, 2021.
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As of January 31, 2025, SHIB is trading at approximately $0.00001877.
Shiba Inu Coin Price History
Shiba Inu (SHIB) is a decentralized cryptocurrency that emerged in August 2020, created by an anonymous individual or group known as “Ryoshi.” Initially, SHIB was introduced as a meme coin, drawing inspiration from the Shiba Inu dog breed, similar to Dogecoin. At its inception, SHIB was priced at a minuscule $0.000000000056.
The coin remained relatively obscure until May 2021, when it experienced a meteoric rise, reaching a peak price of $0.00003791 on May 10, 2021. This surge was attributed to increased interest in meme coins and endorsements from high-profile figures.
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Following this peak, SHIB’s price underwent significant volatility. In October 2021, the coin saw another substantial increase, reportedly rising by 240% within a week. However, by the end of November 2021, SHIB had lost approximately 55% of its value from its October highs.
Throughout 2022 and 2023, SHIB’s price fluctuated, reflecting the broader trends of the cryptocurrency market. As of January 31, 2025, SHIB is trading at approximately $0.00001877.
The journey of Shiba Inu coin underscores the volatile nature of cryptocurrencies, especially those categorized as meme coins. Investors are advised to exercise caution and conduct thorough research before engaging in such investments.