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Shiba Inu

Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." According to its whitepaper, Shiba Inu was created with the intention of creating a "100% community-led" cryptocurrency. Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin's Srypt-based mining algorithm. Shiba Inu is widely considered to be a "memecoin" due to its high volatility and network effect, driven by influential commentators like Tesla CEO Elon Musk.

The cryptocurrency Shiba Inu was created in August 2020 by an anonymous person known as "Ryoshi."

Shiba Inu aims to be a 100% community-led, decentralized cryptocurrency which seeks complete independence from centralized authorities and takes pride in that it was not founded from an existing community. 

SHIB exists on the Ethereum blockchain because Ryoshi viewed it as a well-established, secure, and decentralized network that would allow the Shiba Inu project to be developed with zero outside regulation. 

Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin’s Scrypt-based mining algorithm. 

When SHIB was created, 1 quadrillion tokens were minted. SHIB’s founder sent 50% of the total supply to Ethereum co-founder Vitalik Buterin, who then burned 90% of his holdings by sending the tokens to a dead blockchain address. Buterin said he’d donate the remaining 10% to charity. 

The remaining supply, which wasn’t sent to Buterin, is locked in Uniswap, which is a decentralized finance protocol used to exchange cryptocurrencies. 

The Shiba Inu community considers the crypto to be a "Dogecoin Killer" because it has the ability to top its memecoin rival's market cap without ever crossing the $0.01 mark. 

Shiba Inu is widely considered to be a memecoin due to its high volatility and potential risk, as well as its network effect, driven by influential commentators like Tesla CEO Elon Musk.

Cryptocurrency analysts of Coinidol.com report, Shiba Inu (SHIB) price action remained steady after the December 20, 2024 price decline.

Shiba Inu Is Bound To An Area And Fights Against The $0.00002400 Barrier

Dogecoin

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are gaining momentum, trading significantly up on Tuesday morning. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.3475 $51.3 billion +9.7% -10.1% Shiba Inu (CRYPTO: SHIB) $0.00002133 $12.6 billion +6% -10.1% Pepe (CRYPTO: PEPE) $0.00001721 $7.2 billion +6.6% -15.4% Trader Notes: Crypto trader Kevin highlighted that Dogecoin's price action remains strong as long as it holds above $0.26 within its bullish falling channel.

Dogecoin Up 10%, Shiba Inu Rises 6%: What's Driving The Surge?

Shytoshi Kusama, the mysterious personality associated with the Shiba Inu (CRYPTO: SHIB) ecosystem, explained the utility and significance of the soon-to-be-launched TREAT token. What happened: In a Saturday blog post, Kusama said TREAT stands for “Transactional Rewards for Engagement & Access Token,” placing it at the center of the so-called technology stack, the 36 Chambers of Tech.

Shytoshi Kusama Outlines TREAT Token's Usefulness Ahead Of Launch, Optimistic Whales Buy Up Shiba Inu

The Shiba Inu (CRYPTO: SHIB) community has witnessed a 300% surge in token burns within the last 24 hours. However, the SHIB Army, a group of SHIB enthusiasts, is advocating for even more substantial burns.

Shiba Inu Burns Skyrocket by 300% Amid Calls for Larger Burns From SHIB Army

A widely followed cryptocurrency analyst believes one Dogecoin (DOGE) and Shiba Inu (SHIB) competitor is gearing up for a huge upside burst. The analyst pseudonymously known as Bluntz tells his 307,800 followers on the social media platform X that FLOKI (FLOKI) is primed to go up by at least 114% from its current level.

Dogecoin and Shiba Inu Rival Primed To Explode by 114% in Next Couple of Months, According to Crypto Analyst

Shiba Inu (CRYPTO: SHIB) is trading higher amid a sharp increase in its token burn rate and anticipation surrounding the launch of the TREAT token on Jan. 14. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002165 $12.8 billion +2.6% -7% Dogecoin (CRYPTO: DOGE) $0.3337 $49.3 billion +1.5% -4.3% Pepe (CRYPTO: PEPE) $0.00001772 $7.5 billion +1.5% -14% Trader Notes: Crypto trader Javon Marks observed that Shiba Inu is maintaining its post-breakout momentum, signaling the potential for further gains.

Shiba Inu Burns 28 Million Tokens, Rises 2%: What Is Going On?

Bitcoin

The CMC Crypto Fear and Greed Index has plummeted below 50, reaching its lowest point since Oct. 14. This drop coincides with Bitcoin‘s (CRYPTO: BTC) price slipping under $92,000, marking a notable change in market sentiment.

Crypto Fear And Greed Index Hits Lowest Level Since October As Bitcoin Falls Under $92K, Dogecoin And Shiba Inu Trade In Red

Shiba Inu (SHIB) price have fallen below the moving average lines. Cryptocurrency price analysis brought by Coinidol.com.

Shiba Inu Holds Up Over $0.00002000 As The Bears Continue Their Attack

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are falling on Tuesday, as Bitcoin finds itself trading back below $98,000. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.3669 $54.12 billion -5.8% +12.9% Shiba Inu (CRYPTO: SHIB) $0.00002253 $13.3 billion -7.9% +3.9% Pepe (CRYPTO: PEPE) $0.00001906 $8 billion -9.8% -10.4% Trader Notes: Crypto chart analyst Ali Martinez flagged a sell signal on DOGE's daily chart, predicting a potential price correction.

Dogecoin Down 6%, Shiba Inu Slumps 8%: What Is Going On?

A savvy trader has capitulated on the booming AI agent coin vertical, pocketing an eight figure sum by identifying trending coins early. What Happened: Lookonchain data highlighted the trader's details, who achieved a stunning 89.07%-win rate in the past 30 days.

Forget Dogecoin, Shiba Inu — One Trader Made $37 Million With 2 Booming AI Agent Coins

Dog-themed meme coin Shiba Inu (CRYPTO: SHIB) has seen a massive 2,133% surge in its burn rate, followed by a 10% price rise. What Happened: According to Shibburn, a platform that collects burn transaction data from Etherscan and presents it to the SHIB community, reported six burn transactions in the last 24 hours.

Shiba Inu's 2,133% Burn Rate Surge Followed by 10% Price Rise: What's Happening?

High-frequency trading firm DWF Labs has released a comprehensive report detailing how meme coins are reshaping the cryptocurrency landscape and redefining traditional market dynamics. What Happened: The DWF Labs report, published on Thursday, is titled "Reel-ing in the Money: How Meme Coin Culture is Changing the Crypto Market" and analyzes the profound influence of meme coins.

Dogecoin, Shiba Inu Redefine Meme Coin Phenomenon That 'Extends Beyond Mere Speculation': Report

Cryptocurrency analysts of Coinidol.com report, the price of Shiba Inu (SHIB) has been stuck above the $0.00002000 support since December 20.

Shiba Inu Is In A Range, But Risks Falling Below $0.00002000

A popular crypto analyst says that meme asset Dogecoin (DOGE) rival Shiba Inu (SHIB) must hold a certain support level to not come crashing down. In a new video, crypto trader Ali Martinez tells his 106,500 followers on the social media platform X that the $0.0000193-$0.0000215 range is a must-hold for Shiba Inu.

Trader Issues Warning on Dogecoin Rival Shiba Inu, Says Bearish Momentum To Set In if Major Support Level Breaks

Meme coin veterans Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are gaining momentum on Thursday, fueled by Bitcoin (CRYPTO: BTC) surging above the $96,000 level. Cryptocurrency Price 24-Hour Performance Dogecoin (CRYPTO: DOGE) $0.3362 +5.9% Shiba Inu (CRYPTO: SHIB) $0.0000226 +7.2% Trader Notes: Crypto trader BitGuru highlighted Shiba Inu's bullish momentum after breaking through resistance at $0.00002238, signaling a clear upward trend.

Dogecoin Spikes 6%, Shiba Inu Up 7%: What Is Going On?

Mysterious personality Shytoshi Kusama clarified in a podcast that aired Tuesday that not he but Ryoshi is the founder of the Shiba Inu (CRYPTO: SHIB) ecosystem. What happened: In the first episode of a 44-part podcast series, Kusama said he joined Shiba Inu like any other member of the community.

Shytoshi Kusama Clears The Air On Shiba Inu Role, Memecoin Rivalry: 'Our Drive Was To Overtake Dogecoin'

Despite a 30% decline over the last 30 days, Shiba Inu (CRYPTO: SHIB) continues to see rising burn rates, prompting traders to focus on its critical support levels. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002116 $12.5 billion -2.1% -5.1% Dogecoin (CRYPTO: DOGE) $0.319 $47 billion -0.5% -0.7% Pepe (CRYPTO: PEPE) $0.00001958 $8.2 billion +5.6% +7.3% Trader Notes: Crypto chart analyst Ali Martinez highlighted SHIB's significant support zone between $0.0000215 and $0.0000193.

'Dogecoin Killer' Shiba Inu Burn Rate Surges 243%: What Is Going On?

Pepe

The global meme coin market capitalization currently stands at over $100 billion, making meme coins one of the biggest sectors in the market. Benzinga takes a retrospective view of the “meme coin supercycle” year 2024.

Dogecoin's Tesla Integration, Pepe's Monster Gains, Shiba Inu Drops A Zero: The 2024 Meme Coin Year In Review

The past week in the crypto world was a mixed bag of events. From Shiba Inu's (CRYPTO: SHIB) burn rate skyrocketing to Dogecoin's (CRYPTO: DOGE) price dipping, there was no shortage of action.

Shiba Inu Burn Rate Soars, Dogecoin Whales On A Buying Spree And More: This Week In Crypto

The latest price analysis by Coinidol.com report, the price of Shiba Inu (SHIB) has fallen below the moving average lines.

Shiba Inu Hovers Above $0.00002000 And Threatens To Fall Further

‘Dogecoin Killer' Shiba Inu's (CRYPTO: SHIB) relatively flat performance over the past week has not stopped its burn rates from increasing. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002167 $12.8 billion -5.2% -2.2% Dogecoin (CRYPTO: DOGE) $0.314 $46.3 billion -5% -1.5% Pepe (CRYPTO: PEPE) $0.00001743 $7.3 billion -5.5% -1.2% Technical Analysis: Benzinga technical analysis shows Shiba Inu's RSI is oversold at 28.6.

Shiba Inu Burn Rate Spikes 2,227%: What's Going On?

Bonk

dogwifhat

According to widely-followed crypto influencer ‘artchick,' Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) will not be the main meme coin beneficiaries of a rally. The influencer's forecast hinges on Bitcoin (CRYPTO: BTC) maintaining its momentum and Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) outperforming.

Bitcoin's Outperformance Could Leave Dogecoin, Shiba Inu Sidelined, But Propel Pepe, Dogwifhat, Bonk To New Highs

Chainlink

Offering on various networks increases visibility and distribution for a token, helping drive investment and usage among network users.

CAT, MOG, SHIB Among Meme Tokens Added to Chainlink Services

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) show strong fundamentals, but the trader community remains hesitant about their potential to outperform other trending cryptocurrencies. What Happened: Shibburn data shows 6.02 million SHIB tokens burned in the past 24 hours, driving the burn rate up by 661.7%.

Dogecoin, Shiba Inu Could Underperform Stronger Cryptos, Trader Warns: Here's Why

Shiba Inu's (SHIB) rally after a dip has failed for the second time. Cryptocurrency price analysis brought by Coinidol.com.

News for Shiba Inu Crypto (SHIB)