The trading volume of ShibaDoge (SHIBDOGE) is $13,989.34 in the last 24 hours, representing a 44.20% increase from one day ago and signalling a recent rise in market activity. The highest price paid for ShibaDoge (SHIBDOGE) is $0.000000000158 , which was recorded on Jul 09, 2022 (11 months). Comparatively, the current price is -100.00% lower than the all-time high price. The lowest price paid for ShibaDoge (SHIBDOGE) is $0.000000000000 , which was recorded on Dec 29, 2021 (over 1 year). Comparatively, the current price is 39.70% higher than the all-time low price. Market capitalization of ShibaDoge (SHIBDOGE) is $6,092,797 and is ranked #1145 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SHIBDOGE tokens (110000000 Quadrillion tokens are tradable on the market today). The fully diluted valuation (FDV) of ShibaDoge (SHIBDOGE) is $24,051,199 . This is a statistical representation of the maximum market cap, assuming the maximum number of 420000000 Quadrillion SHIBDOGE tokens are in circulation today. Depending on how the emission schedule of SHIBDOGE tokens are designed, it might take multiple years before FDV is realized. The community is bullish as more than 53% of users are feeling good about ShibaDoge (SHIBDOGE) today.
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There are two schools of thought in determining the price of ShibaDoge.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of ShibaDoge, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of ShibaDoge from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of ShibaDoge on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for ShibaDoge as well.
HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for ShibaDoge and the cryptocurrency market as a whole.
2. What is the highest price of ShibaDoge in history?
ShibaDoge achieved the all-time high of $0.00000 in 2022-07-09, and is currently trading at $0.00000.
3. What is the lowest price of ShibaDoge in history?
In 2021-12-29, ShibaDoge reached the all-time low of $0.00000.
4. Should I buy ShibaDoge now?
It is important to remember that ShibaDoge, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.