Shiba Inu: What the 31 December Cut-Off Date Changes

The price of Shiba Inu stands at $0.00000568 on Saturday morning, that is 5.68 millionths of a dollar, and therefore 3.6 percent lower than the day before. That is not the news of this weekend. The news is a draft bill from the German federal finance ministry that is due to go before the cabinet on 14 October and that decides whether you will ever be able to apply the one-year holding period to your SHIB again. The ministry is only accepting comments on it until 6 October.

For holders of Shiba Inu this draft weighs more heavily than for holders of almost any other crypto-asset. SHIB trades 93.4 percent below its record. Anyone who bought in 2021 is sitting on a loss, and anyone who wants to buy more today is making a decision with the purchase date that cannot be corrected later. This article works through both.

Shiba Inu price on 3 October: $0.00000568 and 93.4 percent below the record

As of Saturday morning, 3 October, one SHIB costs $0.00000568 or 0.00000505 euros. The figures come from the CoinGecko market overview. Over 24 hours there is a loss of 3.59 percent, over seven days a loss of 3.81 percent. The month looks different: over 30 days SHIB is up 9.0 percent. So the week is giving back part of the October gain, nothing more for now.