As recently as last Monday (May 10), it was valued at a high of $0.000039, but it's since dropped back sharply and is currently worth about $0.000016. Shiba Inu experienced stratospheric growth last week. What is the current price of Shuba Inu coin? The blockchain for Shiba Inu is the Ethereum Network, which is a well-established place for cryptocurrency and was selected by the creators for its stability and features. Shiba Inu coin is listed with coin exchanges under the symbol SHIB. That might seem uncharitable, and the reality is that joke or not, it has the potential to grow in value, especially if people continue to pour money into it hoping for a big return. Sometimes called a Shiba Token, the Shiba Inu coin is described as a "joke" by some. In the Shiba Inu coin's woofpaper (a whitepaper, with a doge theme) the founders describe it as a potential Dogecoin killer because it can "outpace the value of Dogecoin, exponentially, without ever crossing the $0.01 value." Currently, Shiba Inu coin is worth significantly less than that. Instead, it crashed from around $0.70 to $0.42 following Musk's TV appearance and has yet to rebound by much. Shiba Inu, in contrast, has rocketed. Some crypto fans had expected to see Dogecoin rocket in value, possibly even making it past the $1 barrier. ![]() ![]() That's thanks in part to the fluctuations in Dogecoin in the past few days, especially following Elon Musk's appearance on Saturday Night Live, which had been preceded by a hype train of epic proportions.
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