Launched as an ERC-20 token on the Ethereum blockchain in August 2020, Shiba Inu coin (SHIB) is one of the two most popular canine-themed meme coins. Shiba cryptocurrency gained quick popularity as a potential ‘Dogecoin Killer’ post its launch and continues to rival Dogecoin (DOGE).Initially, many believed that Vitalik Buterin was the actual creator of SHIB until he denied any such involvement during a Lex Friedman podcast in June 2021. The general consensus today is that SHIB was created by an anonymous person with the pseudonym, "Ryoshi. Like Bitcoin’s founder Satoshi Nakamoto, not much is known about Ryoshi either. According to his blog, he is “just some guy of no consequence tapping at a keyboard”.Shiba Inu has a maximum supply of 1 quadrillion tokens, half of which were initially sent over to Ethereum co-founder Vitalik Buterin.&nbsp;Whilst Shiba Inu began its journey as a decentralized meme token, it has gradually evolved into a vibrant ecosystem, comprising two more crypto assets — LEASH and BONE and the ShibaSwap DEX, along with the Shiba Incubator and Shiba Inu Rescue Association. <h2 dir="ltr">SHIB price</h2>Shiba Inu coin price in USD terms didn’t witness any noteworthy price action after its release, with Shiba price range-bound within $0.00000000016 to around $0.000000000056 till Nov. 28, 2020.SHIB price chart mostly moved sideways up until February of 2021. Thereafter, buoyed by market-wide positive sentiment, and SHIB listings on multiple exchanges like BKEX, MXC, BitMart, BitForex, Crypto.com and KuCoin, the token registered a strong rally to reach around $0.00004 on May. 10, 2021.&nbsp;At that point, SHIB’s fully diluted valuation was over $13.5 billion. It was also the month when many other cryptocurrencies, including Ethereum, were recording their own respective all-time highs. Thereafter, Shiba price dipped along with the crypto market.As can be seen in our SHIB live price chart, the token’s price sprung back to life only around October 2021. Making the most of the overall bullish market sentiment, Shiba coin registered an all-time high of over $0.000088 on October 28, 2021 — rising more than 8,000% since April 2021.<h2 dir="ltr">How SHIB works</h2>Being an ERC-20 token, SHIB uses Ethereum’s proof-of-work consensus mechanism and can be held in any Ethereum-compatible crypto wallet. Each SHIB transaction is processed on the Ethereum blockchain and is subject to gas fees.Apart from transfers between wallets, SHIB coin can be exchanged with other popular cryptocurrencies on ShibaSwap, Shiba Inu’s native decentralized exchange (DEX).The token is also being increasingly adopted as an acceptable means of payment at online and offline merchant establishments across the world. These include the likes of ARTLy, Shiba Coffee Company, Spada Diamonds, CoinVPN, ExpressVPN and Travala.com. SHIB holders can also stake their tokens to earn passive income.<h2 dir="ltr">SHIB news, updates and highlights </h2>The most noteworthy SHIB price movements are witnessed on the heels of adoption-related developments, ecosystem updates, burn announcements and industry-wide regulatory changes. For instance, Coinbase, the largest crypto exchange in the US, <a href="https://blog.coinbase.com/shiba-inu-shib-is-now-available-on-coinbase-e7fdd13856be">listed SHIB</a> on Sept. 16, 2021, boosting SHIB price prior to its massive rally.SHIB price mainly surged in October 2021 and famously created a billionaire who got covered by many news publications. Essentially, Shiba Inu coin's price had risen so much that a wallet that had purchased $8,000 worth of SHIB in August 2020 was found to be worth around $5.7 billion in October 2021, as the token’s value was up by over 7,000,000% percent since its debut.In Q1 2022, the Shiba Inu team announced its own metaverse called SHIB: The Metaverse. According to a <a href="https://blog.shibaswap.com/shib-the-metaverse/">blog post</a> on the ShibaSwap website, this metaverse will offer a massive environment for the Shiba Inu community. More importantly, all native tokens – SHIB, LEASH and BONE – will play a key role in the virtual world.<h2 dir="ltr">Frequently asked questions about SHIB</h2> <ul><li dir="ltr" aria-level="1">Can you mine or stake SHIB?</li></ul>You cannot mine SHIB as all tokens were pre-mined, however, you can stake SHIB to earn staking rewards. <ul><li dir="ltr" aria-level="1">What are some of the best SHIB wallets?</li></ul>Whilst any Ethereum-compatible wallet will hold your SHIB tokens, MetaMask is the most popular choice for SHIB storage. It is also recommended by the token’s official website. Other compatible wallets include Ledger Nano X/S, Trezor, Atomic Wallet and Exodus Wallet.<ul><li dir="ltr" aria-level="1">What can you do with SHIB?</li></ul>You can use SHIB at various online/offline merchants to pay for goods and services. It’s also commonly used to earn staking rewards and for trading against other popular crypto coins like <a href="https://coin360.com/coin/bitcoin-btc">BTC</a>, <a href="https://coin360.com/coin/cardano-ada">ADA</a>, <a href="https://coin360.com/coin/solana-sol">SOL</a> and <a href="https://coin360.com/coin/ethereum-eth">ETH</a>.<ul><li dir="ltr" aria-level="1">How to buy SHIB?</li></ul>The easiest and quickest way to buy SHIB is through ShibaSwap, the SHIB ecosystem’s native DEX. The token can also be purchased from an ever-growing list of centralized exchange platforms (CEXs).

SHIBA INU

EtherFlyer

CredoEx

Coingi

Bitrue

Coinfloor

Instant Bitex

Neraex

Idex

Bitex.la

BTC Trade UA

Bitkub

AirSwap

BTC Markets

BigONE

Crypto.com

HBUS

ooobtc

COSS

RippleFox

Coinbase

Bullish

55 Global Markets

MBAex

binance-uganda

Koineks

FreiExchange

LiteBit.eu

Aphelion

Coinnest

Huobi Global

Rfinex

Koinim

WhiteBIT

Bitbns

bithumb

Lbank

Lykke

FMCPAY

C2CX

BTCBOX

MEXC

Bitso

simex

HADAX

CPDAX

SouthXchange

OasisDEX

Liquid

Bitbank

Coinall

digifinex

BitMarket

Coinsquare

BHEX

Iquant

Bgogo

Tux Exchange

Independent Reserve

BitFlip

dYdX

BX Thailand

Escodex

EtherDelta (ForkDelta)

Luno

Paribu

Bytex

BitMart

dobi

Coinex

Gemini

Coinroom

BtcTrade.im

Vebitcoin

Bithesap

Stronghold

CryptalDash

Satang Pro

idax

Kuna

Coinrail

CoinDeal

Nanex

OceanEx

GOPAX

Coineal

Trade.io

BitGet

Crex24

OpenLedger DEX

CoinMate

Coinut

Tokenomy

Tidex

BL3P

BarterDEX

Ethfinex (closed)

Allbit

Waves Decentralized Exchange

ABCC

AidosMarket

allcoin

Altcoin Trader

Alterdice

Altilly

B2BX

Bancor Network

BCEX

BCoin.sg

Bibox

Bilaxy

Binance

Binance US

Bisq

bitz

Bit2C

BitBay

BITBOX

BitcoinToYou

BitcoinTrade

BiteBTC

Bitfinex

bitFlyer

Bitforex

Bitibu

bitinka

BITKER

bitlish

Bitmaszyna

bitmax

Bitmex

Bitonic

Bitrabbit

Bits Blockchain

Bitsane

BitShares Asset Exchange

Bitstamp

Bitstamp (Ripple Gateway)

Bittylicious

Bitunix

BKex

Bleutrade

Braziliex

BTC Alpha

BTCC

BTCTurk

Buda

BW.com

bybit

C-CEX

C-Patex

Cat.Ex

CEX.io

cfinex

Chaince

CHAOEX

Cobinhood

Coinbe

Coinbene

Coinbit

Coincheck

CoinCorner

coinegg

CoinFalcon

CoinHub

Coinlim

coinmex

Coinone

CoinPlace

Coinrate

CoinsBank

coinsbit

Coinsuper

CoinZest

CRXzone

Cryptohub

Cryptology

CryptoMarket

Cryptomate

Cryptomus

Cryptonex

Dcoin

DDEX

DEx.top

DOBI trade

DragonEX

EXMO

Exrates

ExtStock

ezBtc

Fatbtc

Fisco

Flipster

Gatecoin (closed)

Gatehub

Gate.io

GBX Digital Asset Exchange

GDAC

Graviex

GreenX