Shiba Inu (SHIB) is community driven cryptocurrency that has transitioned from a meme-themed token into a multi-layered decentralized finance (DeFi) ecosystem. The asset currently holds a market capitalization of approximately $3.65 billion and its circulating supply approximately 589,243.89 billion SHIB, ranking it among the significant dog-themed cryptocurrencies.
The project has evolved into a comprehensive infrastructure including Shibarium (Layer-2) which is a scaling solution designed to provide faster and cheaper transactions than the Ethereum mainnet and development is underway for the Shib Alpha Layer (Layer-3), a dedicated network focused on sub-second transaction speeds and enhanced scalability.
Bitcoin (BTC) is trading at approximately $71,042, as of February 8, 2026. The asset has shown a recovery of roughly 2.47% to 2.96% over the last 24 hours, rebounding from a recent sharp sell-off that briefly pushed prices below $60,000.
Shiba Inu (SHIB) is a popular Ethereum-based meme cryptocurrency launched in August 2020. As of early 2026, it is ranked as a top-25 cryptocurrency by market capitalization.
BTC (Bitcoin) is the first and most well-known cryptocurrency, created in 2009.
Why people use BTC: 》Store of value (often called digital gold). 》International payments without banks. 》Hedge against inflation (limited supply). 》Trading & long-term investment.