Shiba Inu has quickly gained popularity in the cryptocurrency world, largely due to its vibrant community and energetic marketing efforts. Often dubbed the "Dogecoin killer," it capitalizes on the meme culture that has become prevalent in the digital asset space. Despite being a meme coin, Shiba Inu has been working on expanding its ecosystem with ventures such as a decentralized exchange and a dedicated NFT platform.
more informationConstitutionDAO was a groundbreaking experiment in the cryptocurrency space, aiming to harness the power of decentralized communities for collective decision-making. It captured the public's imagination by rallying a global group of enthusiasts to bid on an original copy of the United States Constitution using Ethereum as the primary medium. Although the bid was ultimately unsuccessful, the project demonstrated the potential for decentralized autonomous organizations to mobilize resources and coordinate collective efforts in unprecedented ways.
more informationGeneral Information |
|
---|---|
Title
Shiba Inu
|
Title
ConstitutionDAO
|
Symbol
shib
|
Symbol
people
|
Whitepaper
-
|
Whitepaper
-
|
Website
|
Website
|
Community
-
|
Community
-
|
Last Updated
2025-01-21 23:53
|
Last Updated
2025-01-21 23:51
|
Price Data |
|
Current Price $
2.089E-5
$
|
Current Price $
0.03151551
$
|
High 24h
2.128E-5
$
|
High 24h
0.03235645
$
|
Low 24h
1.973E-5
$
|
Low 24h
0.02869613
$
|
Price Change 24h
6.14296E-7
$
|
Price Change 24h
0.00089739
$
|
Price Change % 24h
3.02993
%
|
Price Change % 24h
2.93091
%
|
Market Data |
|
Market Cap
12299955634
|
Market Cap
159707545
|
Total Volume
633917169
|
Total Volume
92457596
|
Market Cap Change 24h
233955967
|
Market Cap Change 24h
4692629
|
Market Cap Change % 24h
1.93897
%
|
Market Cap Change % 24h
3.02721
%
|
Return on Investment (ROI)
-
|
Return on Investment (ROI)
-
|
Supply and Availability |
|
Circulating Supply
5.8925517177172E+14
|
Circulating Supply
5066438921.3572
|
Total Supply
5.895083858568E+14
|
Total Supply
5066438921.3572
|
Max Supply
-
|
Max Supply
5066438921.3572
|
Historical Data |
|
All Time High (ATH)
8.616E-5
|
All Time High (ATH)
0.185022
|
ATH Change %
-75.76189
%
|
ATH Change %
-82.96269
%
|
ATH Date
2021-10-28 03:54
|
ATH Date
2021-12-23 05:59
|
All Time Low (ATL)
5.6366E-11
|
All Time Low (ATL)
0.0009194
|
ATL Change %
37049045.91839
%
|
ATL Change %
3328.62833
%
|
ATL Date
2020-11-28 11:26
|
ATL Date
2021-11-21 11:33
|
Shiba Inu (SHIB) has captured the headlines and the imaginations of both amateur and professional investors alike. As a decentralized meme token that emerged as a rival to Dogecoin, Shiba Inu has developed a strong community and an interesting market presence. But beyond the recent buzz, what makes Shiba Inu stand out in the cryptocurrency universe?
Launched in August 2020 by an anonymous creator known as "Ryoshi," Shiba Inu is an Ethereum-based token that falls under the category of meme coins. It was designed with the intention of being an "experiment in decentralized spontaneous community building." Unlike many early-stage cryptocurrencies, SHIB is not hosted on its unique blockchain but leverages Ethereum's robust network for security and functionality.
One significant advantage of Shiba Inu is its strong community backing, commonly referred to as the "ShibArmy." This active and enthusiastic group has managed to create mainstream awareness similar to other successful projects. Additionally, being built on the Ethereum network allows Shiba Inu to participate in the broader DeFi ecosystem and future upgrades to Ethereum.
Shiba Inu's accessibility is another key advantage. Its low pricing and listing on multiple popular exchanges make it more accessible to small investors who may be interested in buying large quantities without the necessity of significant capital.
However, Shiba Inu is not without its challenges. Its strong correlation with meme culture makes it highly susceptible to volatility, driven by social media trends rather than underlying technological or economic fundamentals. This unpredictable nature can deter institutional investors who prefer less speculative assets.
Furthermore, the uncapped total supply of SHIB might become an issue in the long term. A deflationary tokenomy often attracts investors looking to hedge against inflationary assets, and Shiba Inu's inflation could make the currency less appealing if there's an overabundance in circulation.
SHIB saw an astronomical rise in value at the height of the meme coin mania around October 2021, reaching an all-time high (ATH) of $0.00008616. However, the coin experienced a significant setback, dropping approximately 79% from its ATH, as of the latest data. Despite these fluctuations, the token has delivered returns since its all-time low (ATL) in November 2020, illustrating a remarkable gain of over 31,546,127%, according to historical data.
As for future predictions, Shiba Inu could benefit from key developments within its ecosystem, such as the anticipated release of Shibarium, its Layer 2 solution aimed at improving transaction speeds and lowering gas fees. Additionally, ongoing projects like the ShibaSwap platform for decentralized exchange could fuel continued interest and usage.
However, much of its future will likely hinge on broader market conditions and investor sentiment towards meme coins. Even as Shiba Inu aims to build-in utility and differentiate itself, potential investors should be mindful of the speculative nature of the asset and its associated risks.
In conclusion, while Shiba Inu remains a fascinating component of the cryptocurrency landscape, it requires careful consideration of its pros and cons. It stands as a testament to the power of community-driven ventures but also serves as a cautionary tale for volatility and speculation inherent in the world of meme coins.
In the evolving universe of cryptocurrencies, ConstitutionDAO stands out not merely for its functionality, but for the community-driven principles behind its inception. ConstitutionDAO is not just another cryptocurrency asset; it’s a digital embodiment of people's power, built on a collective mission that captivated the crypto world. Let’s dive into the compelling journey of ConstitutionDAO, discuss its strengths and weaknesses, and explore potential future developments.
Launched in late 2021, ConstitutionDAO was an audacious experiment aimed at purchasing a copy of the United States Constitution during a Sotheby's auction. Although the DAO, or Decentralized Autonomous Organization, ultimately fell short of its financial goal at the auction, it successfully demonstrated the power of blockchain to mobilize communities towards a common goal. It is this unique founding narrative that has continued to attract interest and investment in the $PEOPLE token, constituting a compelling story of decentralized action.
The core strength of ConstitutionDAO lies in its strong sense of community and the innovative use of blockchain technology to streamline participatory investment. The DAO’s structure allows for enhanced transparency, as stakeholders vote on decisions proportionate to their holdings of the $PEOPLE token. This democratic approach appeals greatly to the ethos of decentralization and empowerment that underpins the cryptocurrency ecosystem.
On the downside, ConstitutionDAO faces challenges inherent in DAOs, including potential governance issues and regulatory uncertainties. As with many DAOs, decision-making can become cumbersome and slow, especially when consensus is challenging to achieve among a wide array of token holders. Additionally, the lack of concrete regulatory frameworks for such organizations places ConstitutionDAO in a precarious position when addressing legal compliance and financial regulation.
Reflecting on its financial journey, ConstitutionDAO has experienced significant volatility. The token reached its all-time high of $0.185022 on December 23, 2021, shortly after its launch and the lively auction event. However, the excitement was not sustained, and the token price has fluctuated significantly since. As of the latest data, the token trades at $0.079412, marking a substantial decrease from its historical high, yet still standing impressively at an 8528.36% increase from its all-time low of $0.0009194, showing resilience and interest in the market.
The future of ConstitutionDAO will likely depend on its ability to harness community engagement and adapt its governance model to navigate challenges. With an active and passionate community, the DAO might pivot towards new projects that can continue to engage its audience and generate tangible value through innovative use cases. The conversation around DAOs and their potential to disrupt traditional governance structures is only beginning, and ConstitutionDAO could play a pivotal role in that narrative.
Moreover, with the growing trend of blending cultural and historical elements with blockchain technology, ConstitutionDAO is well-placed to exploit niche areas that resonate culturally and philosophically with supporters and potential investors alike.
ConstitutionDAO exemplifies the spirit of decentralization and community-driven initiatives within the crypto space. Despite facing hurdles typical to fledgling DAOs, its legacy as a proof of concept for crowdfunding historical artifacts through blockchain technology stands firm. As the crypto ecosystem evolves, ConstitutionDAO's future will hinge on its community’s ability to adapt and innovate, yet its foundation remains a testament to the connective power of decentralized technology.