Shibacoin ranks #265 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1671: 1406 of the 1670 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 2703 non-native assets CoinSpectrum lists above it by market cap, about 80% are tokens, 17% are claims on other assets and 4% are memecoins.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #265 |
| Rank counting claims | #1671 |
| Market capitalisation | $378,338 |
| Price | $0.00000372 |
| Circulating supply | 101,760,330,000 SHIC |
| Maximum supply | 0 SHIC |
| Consensus family | Proof of Work |
| Consensus mechanism | Scrypt |
| Own hashrate | — |
| Network purpose | Payments |
| Ledger type | Single-asset ledger |
| Launch distribution | No premine |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
Grade pending. What Shibacoin pays its miners is not yet measured. A grade is not given until it is, so that a coin is never rated higher for what is not yet known.
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 10 | group average |
| Consensus: leader ladder | 10 | Proof of work: 10 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 10 | Proof of work: 10 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 7.5 | group average, 11 of 13 measured |
| Sound Money Qualities (6 checks) | 5.3 | 3.2 of 6 points source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 2.3 | no fixed maximum; 102 billion in circulation: supply scale 4.6, cap 0 |
| Durability: five years or more with no halt, freeze or reversal | ✗ | 1 full year since its first recorded price, no halt, freeze or reversal in five years |
| Fungibility: every unit interchangeable, none the protocol can freeze or set apart | ✓ | no authority can freeze, blacklist or set apart a coin |
| Divisibility: the smallest unit worth a cent or less | ✓ | 8 decimal places, the smallest unit worth $3.7e-14 |
| Portability: fees of a cent or less and capacity for real demand | ✗ | typical fee $1e-8; about 74 transactions a second (4.2 on the throughput scale; 5 is the busiest networks' median demand) |
| Verifiability: open-source nodes and checking without a trusted server | ✓ | node software open source; light clients verify from headers or proofs |
| Privacy (5 checks) | 4 | 2 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Addresses are hashes of keys users generate themselves; the node checks scripts and signatures, with no identity condition in its consensus rules. |
| UTXO ledger: a new key for each payment, no account linking every coin | ✓ | |
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | No Dandelion relay; Tor/onion is an optional -onion/-proxy setting in the Bitcoin-derived node, not on by default. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | Transparent transactions: amounts are public on chain. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | Transparent addresses: sender and receiver are public on chain. |
| Scalability (fees, throughput, block time, block space, features) | 7.1 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $1e-8 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 4.2 | about 74 simple transactions a second |
| Block time (10 minutes 10, less either side) | 6.4 | a block every 1 minute |
| Block space per 10 minutes (32 MB or more 10) | 8 | 1 MB limit, 10 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Payments safe to accept within seconds | ✗ | One-minute proof-of-work blocks on a Dogecoin Core 1.14 base, which supports opt-in replace-by-fee; no instant locks or double-spend proofs. |
| Pruned nodes: a full node can validate and drop old history | ✓ | -prune option inherited from Bitcoin Core 0.11 (2015): keeps the UTXO set and recent blocks. |
| Light clients verify payments from headers or proofs, without a trusted server | ✓ | Scrypt PoW header chain (Dogecoin 1.14.9 base, merge-mined) with BIP37 merkleblock Merkle proofs (SPV). |
| Security (miner pay and 7 checks) | 3 | 2 of 6 points, 3 not yet measured source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | – | |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | – | |
| Largest pool or validator under 50% | ✗ | 93.4% |
| Largest three under 75% | ✗ | 97.8% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | Developed by a volunteer community team that moved from the founder-owned shibacoinppc GitHub account to the ShibaCoinPOW organisation in 2026; no company or foundation; MIT licence. |
| Real on-chain use: 1,000+ transactions a day | ✗ | about 19 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 3.3 | 3 of 9 points source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts: scripting for spending conditions | 1 | Bitcoin-derived Script limited to spending conditions; no contract applications. |
| Multisig and time locks | ✓ | CHECKMULTISIG plus CLTV and CSV enforced by height in Shibacoin's validation code (Dogecoin/Litecoin base). |
| Atomic swaps with other chains | ✓ | HTLCs expressible with OP_SHA256/OP_HASH160 and OP_CHECKLOCKTIMEVERIFY. |
| An exchange built into the protocol | ✗ | No exchange in the protocol. |
| Cross-chain messaging the chain verifies itself | ✗ | No protocol-level cross-chain messaging. |
| Non-fungible tokens | ✗ | No token or NFT type in the consensus rules. |
| Decentralisation | 10 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No protocol party can freeze, blacklist or claw back coins or halt the chain. source |
| No central team (Source) | 10 | No central team: Developed by a volunteer community team that moved from the founder-owned shibacoinppc GitHub account to the ShibaCoinPOW organisation in 2026; no company or foundation; MIT licence. source |
| Who can mint (Source) | 10 | Proof of work: 10 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 10 | 0% of today's supply allocated at launch to founders, a company, a foundation or investors. Genesis 2024-12-16 pays the ceremonial 88 coins only; mining open from block 1 under the Dogecoin-style schedule (500,000 SHIC per block halving every 100,000 blocks to a constant 10,000 from block 600,000); no allocation, sale or instamine documented. source |
| Fundraising | 10 | No sale of the coin source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. GetShibacoinBlockSubsidy pays the whole reward to the miner; no developer or foundation share. source |
| Supply & Demand | 4 | group average |
| Supply & Demand (Source) | 3.4 | average of 5 measures |
| Exchanges (10 or more: 10) | 1 | 1 exchange |
| Daily volume ($10K 0, $1B or more 10) | 0 | $2,858 traded in 24 hours; #3014 by volume on the exchanges the site reads |
| Turnover (volume ÷ market cap, 5% a day: 10) | 5.8 | 0.81% of its market cap a day, median of the last 2 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | – | no order book on the nine exchanges read |
| Market cap ($1M 0, $10B or more 10) | 0 | $378K, 0 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 10 | no futures, options or margin on the exchanges read |
| Supply (smaller is better) | 4.6 | no fixed maximum; 102 billion in circulation |
| Record | 4.7 | group average |
| Record (origin, claims, halts) | 10 | 3 positive, 0 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
| Age (years since genesis) (Source) | 1 | 1 full year since 2025-01-03, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 3 | 1 positive, 3 negative, 1 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 5 commits in 1 of the last 12 months (github.com/ShibaCoinPOW/shibacoin); ShibaCoin Core 1.2.1 (2025-08), 1.1.0.0 (2025-08-11), 1.0.4.0 (2025-05-05) and 1.0.3.0 (2025-03-11); 1.2.1 republished 2026-10-14 under the new ShibaCoinPOW organisation. |
| Negative | ||
| Unfixed vulnerability, disclosed 2024-07-03, −1 | ✗ | CVE-2020-14198: misbehaving peers are auto-banned into an unbounded ban list, so many attacker addresses can exhaust CPU and memory; still in Shibacoin v1.2.1. |
| Unfixed vulnerability, disclosed 2024-09-18, −1 | ✗ | CVE-2019-25220: a long low-difficulty header chain can exhaust memory because the node has no headers pre-synchronisation; still in Shibacoin v1.2.1. |
| Unfixed vulnerability, disclosed 2026-05-05, −1 | ✗ | CVE-2024-52911: a crafted invalid block can make script-check threads read freed precomputed transaction data and crash the node; still in Shibacoin v1.2.1. |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
Twenty criteria, weighted equally. The Cryptocurrency Standards have six sections: sound money qualities (six checks: scarcity, durability, fungibility, divisibility, portability, verifiability), privacy (five checks), scalability (four measures and three features), security (miner pay and seven checks), programmability (token issuance, smart contracts and five checks) and decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share). Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
101,760,330,000 of a maximum 0 SHIC are in circulation — effectively all of them.
| Premine (allocated at launch) | 0% of today's supply |
|---|---|
| Sold by the issuer or insiders | 0% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | No sale and no investor round |
Genesis 2024-12-16 pays the ceremonial 88 coins only; mining open from block 1 under the Dogecoin-style schedule (500,000 SHIC per block halving every 100,000 blocks to a constant 10,000 from block 600,000); no allocation, sale or instamine documented.
No ICO, presale or developer allocation reported.
No sale of supply.
GetShibacoinBlockSubsidy pays the whole reward to the miner; no developer or foundation share.
Emission was front-loaded like Dogecoin: the first 100,000 blocks (about 70 days) produced 50B SHIC, about half of today's supply. It is merge-mined with Litecoin/Dogecoin, and F2Pool alone holds over 90% of pool hashrate. The original founder retains the old GitHub account; the active team moved to ShibaCoinPOW.
Sources: github.com · github.com · github.com · miningpoolstats.stream · explorer.shibacoinshic.org. Researched 2026-10-26, medium confidence.
No source we can reach publishes a hashrate for Shibacoin.
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
Shibacoin is #265 among cryptocurrencies and #1671 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 1406 places between Shibacoin's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).