Introduction to the total issuance volume and online exchanges of SHIB coin

Despite having a colossal total issuance volume of 1 quadrillion, SHIB's trading volume on online exchanges is influenced by factors like market demand, volatility, exchange features, community support, and industry news.

Oct 14, 2024 at 06:42 am

SHIB Coin: Total Issuance Volume and Online Exchanges

1. Total Issuance Volume

• SHIB is an ERC-20 token with a total issuance volume of 1 quadrillion (1,000,000,000,000,000).
• Out of this, 50% (500,000,000,000,000) was locked in Uniswap and the remaining 50% was burned to Vitalik Buterin, the co-founder of Ethereum.

2. Online Exchanges

SHIB is available for trading on numerous online cryptocurrency exchanges, including:

• Centralized Exchanges:

  • Binance
  • Coinbase
  • Crypto.com
  • Kraken
  • Gemini

• Decentralized Exchanges:

  • Uniswap
  • SushiSwap
  • PancakeSwap
  • 1inch

3. Factors Affecting Trading Volume

The trading volume of SHIB on these exchanges is influenced by various factors, such as:

• Market Demand: Shiba Inu's popularity among investors and traders drives its trading volume.
• Market Volatility: SHIB, like other cryptocurrencies, is subject to market fluctuations, which can lead to spikes or declines in trading volume.
• Exchange Features: The ease of use, liquidity, and fees offered by an exchange can impact the trading volume of SHIB.
• Community Support: The active community behind Shiba Inu often organizes campaigns and events that can boost trading volume.
• News and Partnerships: Announcements of new partnerships, blockchain developments, or major news events can significantly impact SHIB's trading activity.

4. Conclusion

SHIB has a vast issuance volume and is widely listed on both centralized and decentralized exchanges. Its trading volume is influenced by various factors, including market demand, volatility, exchange features, community support, and news events. Understanding these factors is crucial for investors and traders interested in participating in the Shiba Inu ecosystem.