The meme-inspired cryptocurrency Shiba Inu (SHIB) has experienced significant price movements since its launch and has seen impressive returns for investors. If you had invested $1,000 in SHIB at the start of 2021, it would now be worth approximately $172,888, representing a 17,189% return. The token's total and circulating supply have changed due to major token burns, but its circulating supply remains high. For SHIB to reach its all-time high price of $0.000069, it would need a market cap of around $40.6 billion, which is a substantial leap from its current market cap of $16.9 billion. SHIB's price performance has outperformed 73% of the top 100 crypto assets, including Bitcoin and Ethereum, and it is currently trading above its 200-day simple moving average with sustained bullish momentum.



Other News from Today