Shiba Inu market capitalization breaks 7.5 billion USD: New giant in Web3 Crypto Assets

Shiba Inu (SHIB), as a rising star in the Web3 ecosystem, has a market capitalization that has surpassed 7.5 billion USD, making it a new giant in the Crypto Assets market. According to the latest data, the market capitalization of SHIB has reached 7.533 billion USD, ranking 19th globally in the market capitalization of cryptocurrencies. This remarkable achievement not only reflects the rapid development of the Shiba Inu project but also indicates investors' optimism about its future potential. The rise in Shiba Inu's market capitalization is attributed to its expanding ecosystem and growing user base. From its initial positioning as a meme coin to now encompassing various fields such as DeFi, NFT, and gaming, Shiba Inu has successfully achieved a strategic transformation, attracting significant attention from both institutional and individual investors.

SHIB Token market capitalization analysis: The transformation from meme coin to ecosystem

The rapid growth of SHIB Token's market capitalization is the best proof of the transformation of the Shiba Inu ecosystem. From its humble beginnings in August 2020 to now being among the top 20 crypto assets in the world, Shiba Inu has achieved an astonishing transformation in less than 5 years. This change is reflected not only in its market capitalization but also in the richness and practicality of its ecosystem. Shiba Inu has launched its own decentralized exchange, ShibaSwap, issued the governance token BONE, and is continuously exploring the fields of NFTs and the metaverse. These initiatives have greatly enhanced the value and use cases of the SHIB Token, driving its market capitalization to continue growing. Currently, the circulating supply of SHIB Token is 589,249,440,005,662 tokens, with a total supply of 589,503,954,826,524 tokens, close to its maximum supply limit of 589,552,695,333,683 tokens.

Web3 Crypto Assets market capitalization ranking reshuffle: Shiba Inu firmly stays in the top 20

In the Web3 Crypto Assets market capitalization ranking, the performance of Shiba Inu is remarkable. According to the latest data, Shiba Inu currently ranks 19th globally in terms of Crypto Assets market capitalization, with a market share of 0.2288%. This achievement not only surpasses many established Crypto Assets projects but also demonstrates the important position of Shiba Inu in the Web3 ecosystem.
Shiba Inu stands out in fierce competition not only thanks to its strong community support but also due to its continuously innovative ecosystem development and diversified application scenarios.

Decoding the Shiba Inu market capitalization calculation method: the perfect balance between circulating supply and price

The calculation method for Shiba Inu's market capitalization follows the general formula for Crypto Assets market capitalization: market capitalization = circulating supply × current price. According to the latest data, the circulating supply of SHIB is 589,249,440,005,662 coins, and the current price is $0.000012784. Multiplying these two values gives a Shiba Inu market capitalization of $7,533,056,245. This calculation method not only reflects the actual market value of the SHIB Token, but also demonstrates investors' confidence in the Shiba Inu project. It is worth noting that Shiba Inu's self-reported circulating supply is slightly higher than the actual circulating supply, at 589,551,575,078,137 coins, which may be due to some tokens being locked or not fully released.

Conclusion

The market capitalization of Shiba Inu has surpassed $7.5 billion, demonstrating its important position in the Web3 ecosystem. From a meme coin to a comprehensive platform, SHIB continues to expand its ecosystem and attract investor attention. The high trading volume on Gate.io further confirms its market influence.

Risk Warning: The crypto assets market is highly volatile, and the price of SHIB may fluctuate drastically due to regulatory policies, market sentiment, and other factors. Investment should be approached with caution.