Projects listed: 276 |
BTC Dominance: 51.12% | Volume (24h): $42,578,317,585 | Market Cap: $2,606,806,693,250
Shiba Inu
SHIB
$0.00
Sector
Meme
Exchange Debut
2020-12-03
Market Cap
9,899,068,911
Maxim Supply
∞
Circulating Supply
589,261,649,474,711
Circ. Supply(%)
∞
Shiba Inu
SHIB
Price
$0.00
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
139191690
1.6908274E-5
1.5929633E-5
Change 24h
Change 7d
Change 30d
3.0559
-4.0594
-3.6239
Maxim supply
Circulating supply
Circulating supply(%)
∞
589,261,649,474,711
∞
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Shiba Inu cryptocurrency:
The Shiba Inu cryptocurrency project, created anonymously under the pseudonym “Ryoshi” in August 2020, was initially hailed as the “Dogecoin killer.” This meme coin quickly gained traction and value, bolstered by the buzz generated from high-profile personalities like Elon Musk and Vitalik Buterin. As we delve into the fundamental analysis of the Shiba Inu cryptocurrency, we see a mixed performance across different criteria, with a final score of 6.12 out of 10, showcasing its strengths and areas of improvement.
SOCIAL & MASS MEDIA: Score 8.8 out of 10
Shiba Inu performs admirably in this domain, boasting a strong following on social media pages, sizeable community engagement, and excellent media presence. This indicates an active and growing community behind the project, critical for its long-term success. However, the activities of social media administrators could be more proactive to ensure consistent engagement and information flow.
AUDIT & SECURITY: Score 8.7 out of 10
The project’s audit and security score is high, demonstrating that Shiba Inu has undergone thorough audits with commendable results. The transparency of public information is adequate, but there’s room for improvement. Nevertheless, liquidity on exchanges is high, suggesting a healthy market for the cryptocurrency.
TOKENOMICS: Score 5.9 out of 10
The fundamental analysis of the Shiba Inu cryptocurrency reveals that its token economy could benefit from some adjustments. The project seems to have a relatively high inflation rate, which may impact its value over time. However, its monetary mass is not overly centralized, providing some balance.
ECOSYSTEM DEVELOPMENT: Score 5.6 out of 10
While Shiba Inu has achieved some of its objectives, there’s room for improvement when it comes to implementing new developments. For the project’s long-term sustainability and growth, further development and innovation are necessary.
TEAM & DEVELOPERS: Score 2.1 out of 10
The experience of the team and the number of software developers are relatively low. For the Shiba Inu project to reach its full potential, it would benefit from increased expertise and manpower in its development team.
PRODUCT & UTILITY: Score 6.2 out of 10
Shiba Inu offers a decent utility in its product and within the ecosystem. Still, improvements could be made to increase the utility of tokens and overall usability.
PARTNERS & INVESTORS: Score 4.75 out of 10
The number of investors and partners is average, which presents a growth opportunity. Forging more strategic partnerships and attracting influential investors could enhance the project’s credibility and sustainability.
Fundamental analysis of the Shiba Inu cryptocurrency – The final conclusion
Conducting a fundamental analysis of the Shiba Inu cryptocurrency reveals a project with strong social and media presence, adequate audit and security measures, but with room for significant improvements in tokenomics, ecosystem development, team expertise, product utility, and strategic partnerships. Its final score of 6.12 out of 10 indicates moderate investment potential, however, it does come with risks related to the project’s ability to improve in the areas mentioned. Prospective investors should carefully consider these factors and monitor the project’s progression over time. Future developments, particularly in terms of ecosystem development and team expansion, could significantly impact Shiba Inu’s long-term investment potential.
What is Shiba Inu?
Origins and Popularity of SHIBA INU
SHIBA INU (SHIB) is an Ethereum-based cryptocurrency that was anonymously created under the pseudonym “Ryoshi” in August 2020. Touted as the “DOGECOIN KILLER,” it quickly gained traction due to its charm and promotion by notable figures such as Elon Musk and Vitalik Buterin. As part of a swarm of dog-themed cryptocurrencies, SHIB attracted investors who missed the Dogecoin surge.
Notable Milestones and Listing on Exchanges
In the fundamental analysis of the SHIBA INU cryptocurrency, a key milestone was its listing on Coinbase, the largest U.S.-based crypto exchange, on September 17, 2021. This boosted SHIB’s price by over 40% and paved the way for listings on other exchanges including Bitso, Giottus, Bitstamp, and Korbit. This increased visibility brought SHIB back into the limelight and continued to pique the interest of investors.
Unique Features and Community Involvement
What sets SHIBA INU apart is its aim to foster an “artistic Shiba movement” by inviting dog-inspired artists to contribute to their community in the NFT market. It also uses Amazon Smile for a campaign to help rescue live Shiba Inu dogs. The idea of decentralized governance was emphasized by Ryoshi, the anonymous creator, who envisioned a self-sustaining ecosystem without a central authority.
SHIBA INU’s Supply and Charitable Donations
Ryoshi had initially given 50% of the SHIB supply to Vitalik Buterin, who later burned 90% of his share, worth billions, and donated the rest to charity. This led to a temporary loss in SHIB’s value, which it eventually recovered from. Buterin’s actions, while causing temporary instability. This served to further decentralize the token’s supply and reaffirmed the community’s commitment to the project’s vision.
- Latest analysis update: July 10, 2023
Shiba Inu - SHIB performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
