Shiba Inu is (SHIB) - what do newcomers to crypto need to know?

The Journey of a Coin Born as a Meme and Growing into Something Bigger

Shiba Inu (SHIB) started as a simple community experiment in August 2020, but today it is one of the most talked-about tokens in the crypto world. What’s interesting about it? It’s not controlled by a specific company — the community itself explores the market.

It’s an ERC-20 token operating on the Ethereum blockchain, which means it benefits from Ethereum’s security while being less dependent on its own blockchain. Upon launch, SHIB was created with a supply of quadrillions of tokens — an enormous number divided so that everyone can hold small parts of the coin at a low cost.

History - From an Unknown Token to a Market Trap

• August 2020: The token launched quietly, without an official team or initial funding
• 2021 - The Explosion: SHIB experienced a mysterious price surge, reaching about $0.000084 at its peak in October 2021
• Growth Period: Market cap soared into the tens of billions, and SHIB became one of the most traded coins on crypto exchanges

This was a classic “meme coin turned serious” scenario — what started as a joke became a meaningful ecosystem.

How Does the SHIB Ecosystem Work?

The coin is no longer alone. Today, it’s part of an ecosystem that includes:

Three main tokens:

• SHIB: The base coin, used for transactions and holding
• LEASH: A rare token with a very limited supply, offering exclusive benefits
• BONE: A governance token that allows holders to vote on decisions via Doggy DAO

Innovative tools:

• ShibaSwap: A decentralized exchange where users can trade and earn rewards
• Shibarium: A “layer two” solution aimed at speeding up transactions and reducing fees
• SHIB: The Metaverse: A virtual environment where users can explore and earn

The Economy - How Is the SHIB Ration Going?

SHIB was initially allocated with a huge supply. Why? So that someone starting with a small budget could hold millions or even trillions of tokens.

Over time, some tokens were removed from circulation through “burning” (permanently disconnecting from the system). This reduced the total supply, which could theoretically increase the value.

The current circulating supply is in the hundreds of trillions of tokens, but this number gradually decreases through community burns.

What Are the Pros and Cons of Investing in SHIB?

Positives:

• A huge and energetic community (called “ShibArmy”)
• Growing ecosystem with real tools
• Very low token price, creating a psychological effect of “cheap”
• Increasing adoption in stores and various websites

Risks:

• Extreme volatility — the price can change by many percentages in a single day
• Like any meme coin, it’s highly influenced by market sentiment and social media trends
• Regulatory uncertainty — governments are still deciding how to handle crypto
• Concentration risk — a large portion of tokens are held by a small number of wallets

How Many SHIB Coins Are There and What Is Its Price?

In the near future, SHIB’s supply is expected to be close to 589 trillion tokens. The price constantly fluctuates based on market conditions, but is generally in the tenths or hundredths of a cent.

The total market cap of all SHIB in the world peaked at over $40 billion — larger than most companies worldwide.

Daily trading volume usually ranges in tens or hundreds of millions of dollars, making the coin quite liquid.

Can SHIB Reach One Dollar?

Yes, mathematically it’s possible. But…

For SHIB to reach $1 a dollar, its market cap would have to surpass the entire global economy. That would require:

1. Massive token burning (drastically reducing supply)
2. Unprecedented global adoption
3. Something that completely changes the game

Meanwhile, small but significant increases of tens or hundreds of percent seem much more realistic.

What’s Next?

The development team is actively investing in:

• Expanding Shibarium: Improving transaction speed and costs
• Developing SHI: A new stablecoin designed for real-world use
• The Metaverse: Building a full virtual world
• Real-world adoption: Partnerships with businesses accepting SHIB

How to Safely Buy SHIB

If you want to purchase SHIB, the basic steps are:

1. Choose a crypto exchange: Several major exchanges trade SHIB
2. Complete verification: Finish KYC (Know Your Customer) for security
3. Add funds: Via credit card, bank transfer, or other payment methods
4. Find the trading pair: Usually SHIB/USDT or SHIB/BUSD
5. Select order type: Market order (immediate) or limit order (at a specific price)
6. Secure your tokens: Decide where to store them (on the exchange or in a private wallet)

Security tips:

• Enable two-factor authentication (2FA)
• Use a strong password
• For large amounts, consider a private wallet where you control the keys

The Big Questions - Answering What Many Are Asking

Is this a good investment? Depends. If you like high risk and have funds you can lose, maybe. If you require full security — no.

What will happen to SHIB in the future? No one knows for sure. It could rise, fall, or stay roughly the same. Everything depends on development, community, and broader economic factors.

Is it Dogecoin? No. Dogecoin is older and has its own blockchain. SHIB is a token on Ethereum with a more complex ecosystem.

How many tokens should I buy? Consider the amount you can completely lose, and buy accordingly. There’s no “right” number.

The Conclusion - What Is SHIB Really?

SHIB is no longer just a meme token. It’s an experimental playground asking: “What happens if a community manages a crypto project entirely?”

As a potential investor, consider:

• A diversified portfolio — SHIB should be only a small part
• Invest only what you can afford to lose
• Stay updated through official channels
• Understand the technology before making decisions

In the world of crypto, profits can be amazing, but so can losses. Wisely, with open eyes, and a bit of caution — that’s the best formula for success.