$SHIB Coin — Market Overview (Short Analysis)
What SHIB Is:
Shiba Inu (SHIB) is a meme cryptocurrency originally launched in 2020 with a large token supply and a strong community (“SHIB Army”). It trades largely on sentiment and community engagement rather than fundamental utility like Bitcoin or Ethereum. �
Coin market cap
Current Market Status:
• SHIB currently trades at very low per-token price due to its enormous circulating supply (~589 trillion tokens). �
• Price trends have been predominantly bearish or sideways, with significant declines from past cycle highs and mixed short-term performance. �