Shiba Inu (SHIB) is Available on ChangeNOW
We are pleased to announce that SHIB, Shiba Inu coin, will now be available on ChangeNOW. Following this listing, ChangeNOW becomes one of the first exchanges to offer SHIB on its platform.
What is SHIB?
The “Shiba Inu”, known better as SHIB, is an ERC-20 token that was founded in August 2020, and was inspired by the popular meme coin, Doge. SHIB takes its name from the Shiba Inu dog which is a famous mainstay figure of Dogecoin’s features.
Described by its founders as a “Dogecoin killer”, the coin has risen in value by an impressive 2100% within the past couple of weeks , and also recorded more than 44,000% gains within the last month.
SHIB currently offers a viable alternative for crypto enthusiasts and investors to get into the bull market, especially following Doge’s brief stall. The ERC-20 token, which was worth about 34 million USD in total market cap on May 7th, now has a total market capitalization of more than $8.1 billion. This makes Vitalik Buterin, the co-founder of Ethereum and the majority holder of Shiba Inu, currently richer in SHIB than he is in Ethereum with a total SHIB worth eclipsing $7 billion. This is despite Buterin’s donation of a significant portion of his SHIB on May 13th.
According to its official site, after locking away half of the total supply in 2020, the Ethereum founder became the owner of the wallet with the most SHIB in the world.
“We locked the 50% of the total supply and threw away the keys!,” their official site reads. “The remaining 50% was burned to Vitalik Buterin and we were the first project following this path, so everyone has to buy on the open market, ensuring a fair and complete distribution where devs don't own team tokens they can dump on the community.”
What Lies Ahead for SHIB?
SHIB remains an attractive option for cryptocurrency investors looking to take advantage of crypto’s bull market. The coin has a quadrillion tokens in circulation, making it an incredibly cheap option to buy, and a very volatile one at that as well.
You can now exchange most popular cryptos for SHIB on ChangeNOW here.