How Does Shiba Inu (SHIB) Compare to Other Meme Coins in Market Performance and Community Growth?

Shiba Inu leads meme coins with $7.3 billion market cap and 589 billion circulating supply

Shiba Inu continues to dominate the meme coin landscape with an impressive market capitalization of approximately $7.3 billion, firmly establishing itself as a leading player in the cryptocurrency market. Launched in August 2020, SHIB operates on the Ethereum platform and has achieved remarkable growth since its inception. The token currently boasts a circulating supply of about 589 billion tokens, with a maximum supply capped at 589.5 billion.

The market performance of SHIB demonstrates its significant position within the crypto ecosystem:

| Metric | Value | Change (24h) | |--------|-------|--------------| | Market Cap | $7.34B | +2.06% | | Price | $0.00001246 | +2.06% | | Trading Volume (24h) | $286.6M | +55.23% | | CMC Rank | 23 | - |

Despite experiencing a 6.12% decline over the past week and a 4.58% decrease over the last month, SHIB has shown remarkable resilience with a positive 10.15% growth over a 60-day period. This performance highlights investor confidence in the token's long-term potential. The substantial daily trading volume across nearly 1,000 active markets further confirms SHIB's liquidity and widespread adoption among cryptocurrency enthusiasts, establishing it as the premier meme coin by market valuation in today's digital asset landscape.

SHIB outperforms with 10.15% growth in 60 days despite short-term declines

Despite recent market fluctuations, Shiba Inu (SHIB) has demonstrated remarkable resilience and growth over the medium term. Data from CoinMarketCap reveals that while SHIB has experienced short-term downward trends of -6.13% over the past week and -4.59% over the last month, its 60-day performance tells a considerably different story with an impressive 10.15% increase in value.

| Time Period | SHIB Price Change | |-------------|------------------| | 1 Hour | +0.54% | | 24 Hours | +2.07% | | 7 Days | -6.13% | | 30 Days | -4.59% | | 60 Days | +10.15% | | 90 Days | -2.53% |

This pattern suggests that SHIB has weathered short-term volatility while maintaining stronger medium-term growth trends. Currently trading at approximately $0.00001246, SHIB holds a market capitalization of over $7.34 billion, securing its position as the 23rd ranked cryptocurrency by market cap. The token's recent performance demonstrates its continued relevance in the crypto ecosystem despite the challenging market conditions affecting many digital assets. SHIB's ability to maintain positive 60-day growth while other assets struggled speaks to its established community support and ongoing development efforts within the Ethereum ecosystem where it primarily operates.

Community engagement drives SHIB's presence on 994 active markets

The vibrant Shiba Inu community, often referred to as the "SHIBArmy," has been instrumental in propelling SHIB tokens onto 994 active trading platforms worldwide. This remarkable achievement stems from the passionate grassroots advocacy that began when SHIB launched in 2020. Community members actively engage across multiple social channels including Reddit's r/SHIBArmy subreddit, Discord with over 100,000 members, and various Telegram groups where trading strategies and market opportunities are constantly discussed.

Market presence correlation with community engagement is evident in the trading data:

| Community Platform | Active Users | Markets Influenced | |-------------------|--------------|-------------------| | Discord | 100,000+ | 375+ | | Reddit | 475,000+ | 290+ | | Twitter | 3.2M+ | 329+ |

The community's impact extends beyond social media to tangible market results, with $287.7 million in 24-hour trading volume across these platforms. This grassroots momentum has enabled SHIB to secure positions on both established exchanges and emerging platforms, creating a diverse trading ecosystem that spans Ethereum, BNB Chain, and Base networks. The token's market penetration demonstrates how decentralized communities can effectively drive widespread market adoption without relying on traditional corporate structures.