Shiba Inu Coin (SHIB) is an ERC-20 token that plays a vital role in the Shiba ecosystem, alongside BONE and LEASH tokens. Investors can stake, swap, or deposit SHIB into liquidity pools on ShibaSwap to earn rewards. Known for its meme status, SHIB has a dedicated social media following, with over 1.2 million Twitter followers. The price of SHIB frequently garners attention, as it experiences significant fluctuations, making headlines for both its remarkable gains and losses.
The Shiba Inu ecosystem comprises one decentralized exchange and three dog themed cryptocurrencies: BONE, LEASH and SHIB. Ranked fifteenth on CoinMarketCap, SHIB aims to catch up with DOGE, which is currently ranked tenth.