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Shiba Inu is on the incline in the last 7 days
In the past 24 hours, the price of Shiba Inu has decreased by -3.5%. It's price has dropped by -6.5% in the last 7 days. The current price per SHIB is $0.00 AUD.
Using the Shiba Inu price chart
The candlestick chart above shows the current price movements of Shiba Inu (SHIB) in AUD, since its release in 2020. These charts are designed to help traders identify future price actions; traders can view custom timeframes to see how SHIB price was affected during specific events.
Candlestick charts display the high, low, open and close price of an asset over a specific time period. They are a great tool used by all successful traders to develop trading strategies and perform crypto technical analysis.
To learn more, check out our guide to candlestick charts on Swyftx learn.
What is Shiba Inu (SHIB)
Shiba Inu (SHIB) is a popular meme coin that takes its name from to Japanese dog breed, turned internet meme. SHIB was created in 2020 by an anonymous developer known as Ryoshi.
Shiba Inu has a vast ecosystem that has been built 100% by its community. The SHIB ecosystem includes a decentralised exchange (ShibaSwap), NFT artist incubator and an NFT project featuring an array of pixelated Shiba Inu’s.
SHIB rose to popularity in 2021 after Tesla CEO, Elon Musk, began to tweet about his increasing interest in a competing meme coin, DOGE.
Check out our guide to Shiba Inu (SHIB), to learn more.
Shiba Inu price volatility
SHIB has seen some astronomical gains since its initial release. Tesla CEO, Elon Musk, played a key role in the rise of SHIB after promoting DOGE on live tv. This caused the price of SHIB to rise by roughly 14m percent. Meme coins, like SHIB, are well-known for their extreme volatility due to their lack of utility and large circulating supply.