Shiba Inu: $3.0 billion market cap against $46,453 on Shibarium

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The Shiba Inu project's own blockchain holds $46,453 on October 23, while the token itself is valued at $2.998 billion. What the figures mean for holders in Germany, and what happens for tax when SHIB is swapped for BONE.Shiba Inu is valued at $2.998 billion on Friday evening. On Shibarium, the project's own blockchain, $46,453 sits at the same hour. The token's market capitalisation is therefore roughly 64,500 times the value working on the blockchain it is meant to fund. Here is the evidence: DefiLlama reports $46,453 in the protocols on Shibarium for October 23; a year ago the figure was $816,615. Our own assessment follows further down in a section of its own, with the figures that argue for and against. Shibarium: where the project's own blockchain stands Shiba Inu trades at $0.00000509 on Friday evening, or €0.00000454, and is 2.9 percent above Thursday evening's level. The day's high was $0.00000513, the low $0.00000491. Over 30 days the token is down 9.6 percent, over tw...