Somewhat resembling developments of Dogecoin in early 2021, the market cap of Shiba Inu (SHIB) more than tripled in only a few weeks. This rapid growth especially occurred since September 2021, with the cryptocurrency breaking the ** billion U.S. dollar barrier multiple in the following month. Whilst no exact reason was given why the memecoin grew so fast during this time, the digital currency did become available on Coinbase, one of the world's most well-known crypto exchanges, on September 17. This move, and the fact that consumers in the U.S. and the UK overall tend to invest in crypto for fun or as a potential growth investment, might explain the popularity of the dog-themed coin. Indeed, Shiba Inu ranked as the number ** cryptocurrency in the world based on market cap in late October 2021 - closely behind DeFi-affilated like Uniswap (UNI) and Terra (LUNA).
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CoinMarketCap, & ÌÇÐÄÆƽâ°æ. (January 31, 2025). Market capitalization of Shiba Inu (SHIB) from August 2020 to January 30, 2025 (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /statistics/1271617/shiba-inu-daily-market-cap/
CoinMarketCap, und ÌÇÐÄÆƽâ°æ. "Market capitalization of Shiba Inu (SHIB) from August 2020 to January 30, 2025 (in billion U.S. dollars)." Chart. January 31, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /statistics/1271617/shiba-inu-daily-market-cap/
CoinMarketCap, ÌÇÐÄÆƽâ°æ. (2025). Market capitalization of Shiba Inu (SHIB) from August 2020 to January 30, 2025 (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /statistics/1271617/shiba-inu-daily-market-cap/
CoinMarketCap, and ÌÇÐÄÆƽâ°æ. "Market Capitalization of Shiba Inu (Shib) from August 2020 to January 30, 2025 (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 31 Jan 2025, /statistics/1271617/shiba-inu-daily-market-cap/
CoinMarketCap & ÌÇÐÄÆƽâ°æ, Market capitalization of Shiba Inu (SHIB) from August 2020 to January 30, 2025 (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1271617/shiba-inu-daily-market-cap/ (last visited July 31, 2026)
Market capitalization of Shiba Inu (SHIB) from August 2020 to January 30, 2025 (in billion U.S. dollars) [Graph], CoinMarketCap, & ÌÇÐÄÆƽâ°æ, January 31, 2025. [Online]. Available: /statistics/1271617/shiba-inu-daily-market-cap/
