Shibacoin (SHIC)
Shibacoin ranks #271 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1652: 1381 of the 1651 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 2802 non-native assets CoinSpectrum lists above it by market cap, about 61% are tokens, 34% are claims on other assets, 4% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | A · 65/100 · provisional, B to A |
|---|---|
| Rank among cryptocurrencies | #271 |
| Rank counting claims | #1652 |
| Market capitalisation | $294,082 |
| Price | $0.00000288 |
| Circulating supply | 101,942,350,000 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 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
A — 65 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 56 to 65 (B to A).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 10 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 10 | Proof of work: 10 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 10 | Proof of work: 10 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 5 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 5.6 | no fixed maximum; 102 billion in circulation |
| Distribution | 10 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | 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 (share sold) (Source) | 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 |
| Decentralisation | 10 | average of 3 parts |
| Governance (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 | Open to anyone with hardware: anyone can produce blocks by mining, no permission needed |
| Nodes (Source) | – | Not yet counted |
| Security | 3.4 | 2.7 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 0 | largest 93.4%, largest three 97.8% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 0 | about 19 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 1 | merge-mined: its blocks are found by another chain's miners, 1 |
| Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point) | 6 | one client, latest version Aug 2025, within 24 months |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 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; 121, 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 (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | 8.4 | 1 MB limit, 10 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✗ | 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 (Old history dropped, every rule checked · Whitepaper §7) | ✓ | -prune option inherited from Bitcoin Core 0.11 (2015): keeps the UTXO set and recent blocks. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | Scrypt PoW header chain (Dogecoin 1.14.9 base, merge-mined) with BIP37 merkleblock Merkle proofs (SPV). |
| Privacy | 7 | 7 of 10: whitepaper privacy 7 of 7, extra features 0 of 3, 1 not yet researched source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Addresses are hashes of keys users generate themselves; the node checks scripts and signatures, with no identity condition in its consensus rules. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 10 | Coins are separate unspent outputs: a payment spends whole outputs and sends the change to a new address, so the coins in one wallet need not share a history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | – | |
| Hidden amounts (Amounts confidential) | 0 | Transparent transactions: amounts are public on chain. |
| Hidden parties (Sender and receiver hidden) | 0 | Transparent addresses: sender and receiver are public on chain. |
| Network privacy (Origin hidden by default) | 0 | No Dandelion relay; Tor/onion is an optional -onion/-proxy setting in the Bitcoin-derived node, not on by default. |
| Programmability | 4.4 | 4 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 (Without a third party) | ✓ | 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. |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: Komodo DeFi. |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No protocol-level cross-chain messaging. |
| NFTs (Carried by the chain's rules) | ✗ | No token or NFT type in the consensus rules. |
| Demand | 3 | average of 6 measures |
| Exchanges (10 or more: 10) | 1 | 1 exchange |
| Daily volume ($10K 0, $1B or more 10) | 0 | $2,613 traded in 24 hours; #2993 by volume on the exchanges the site reads (scored on the median day of the last 12, $2,845) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 5.9 | 0.86% of its market cap a day, median of the last 13 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | – | no order book on the nine exchanges read |
| Market cap ($1M 0, $10B or more 10) | 0 | $294K, 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 |
| Wallet support (wallets that hold it, 10 or more: 10) | 1 | its own node and wallet, counted as 1: no wallet in the site's directory lists it yet |
| Record | 4.7 | average of 3 criteria |
| 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, fixes, vulnerabilities) | 3 | 1 positive, 3 negative, 1 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 11 commits in 2 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. bitcoincore.org github.com |
| 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. bitcoincore.org github.com github.com |
| 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. bitcoincore.org github.com |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
| Conduct (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 | ✓ | |
Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts 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.
Proof of Work coins
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
BitcoinZ BTCZA
CannabisCoin CANN
Hacash HAC
FACTOR FACTAAll Proof of Work chains →Proof of Stake coins
Ethereum ETHA+
BNB BNBA
Solana SOLA+
TRON TRXA
Hyperliquid HYPEB
Cardano ADAA
NEAR Protocol NEARAAll Proof of Stake chains →Supply
101,942,350,000 of a maximum 0 SHIC are in circulation — effectively all of them.
Launch and allocation
| 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.
The work behind it
No source we can reach publishes a hashrate for Shibacoin.
What a regulator has said
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.
How CoinSpectrum ranks Shibacoin
Shibacoin is #271 among cryptocurrencies and #1652 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 1381 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).