What is the market cap of shiba inu $1?

3 answers

• May 31, 2022 · 3 years ago
  The market capitalization of shiba inu cryptocurrency reached $1 when its circulating supply multiplied by its price per coin equaled $1. Market cap is an important metric that reflects the total value of a cryptocurrency. It is calculated by multiplying the circulating supply of coins by the price per coin. Therefore, when shiba inu's circulating supply and price per coin resulted in a product of $1, its market cap reached that value.
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• May 31, 2022 · 3 years ago
  Shiba inu's market cap of $1 signifies that the total value of all shiba inu coins in circulation was equal to $1. Market cap is a measure of a cryptocurrency's size and is calculated by multiplying the circulating supply of coins by the price per coin. When shiba inu's circulating supply and price per coin combined to equal $1, its market cap reached that milestone.
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• May 31, 2022 · 3 years ago
  The market cap of shiba inu cryptocurrency reaching $1 was a significant event in the crypto space. It demonstrated the growing popularity and value of the coin. At BYDFi, we closely monitor market trends and provide insights into various cryptocurrencies. While shiba inu's market cap reaching $1 was a notable achievement, it's important to consider other factors when evaluating a cryptocurrency's potential.
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