Token Burn

You can buy SHIB via Gate.com by following the steps on how to buy SHIB once you have funded your account.

There are two perspectives on how the price of SHIB is determined.

Fundamental Value: This approach looks at on-chain metrics, project performance, and financial indicators of SHIB. Over the long term, factors like supply and demand, tokenomics, use cases, project roadmap, and relevant regulations or governance can all affect SHIB's value.

Price Action: This perspective primarily involves using technical analysis tools like chart patterns, MACD, RSI, and Bollinger Bands to forecast price movements of SHIB based on past trends, based on the principle that 'history tends to repeat itself.' Price action of SHIB is also affected by news, announcements, and the general sentiment of the community.

While long-term investors focus on the fundamentals, short-term traders typically rely on technical indicators. Both can influence the price of SHIB.

SHIB reached an all-time high of $0.00008616 in 2021-10-28, while its current trading price is $0.0000122.

SHIB reached its historical low of $0.00000000005636 in 2021-10-28.

The current market cap of SHIB is $7.19B, with SHIB’s circulating supply at 589.24T SHIB and the current trading price at $0.0000122.

Currently, there are 589.24T SHIB circulating in the market. These SHIB tokens can be traded or used on the open market.

The maximum supply of SHIB is 999.98T, including its circulating supply, locked or staked amounts, and any supply yet to be mined, minted, or created.

Currently, the fully diluted market cap (FDV) of SHIB is $12.20B. This is calculated by multiplying the circulating supply by the current price of $0.0000122, assuming all of the token’s supply enters circulation.

The SHIB price prediction uses algorithms that automatically identify trends in historical data and make predictions and adjustments based on current market conditions. With advanced machine learning, the price prediction can help users assess the trends in the cryptocurrency market before making an investment.

SHIB has a strong return potential due to its inherent volatility, which offers opportunities for profit. However, volatility is a double-edged sword and is more suited for investors with a high-risk tolerance and good financial health. It’s important to remember that SHIB and the broader crypto market are always impacted by extreme market conditions, legal policies, social media stories, and other unpredictable factors. Therefore, before investing in SHIB, it's recommended that you conduct thorough research and practice risk management.