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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.

Dogecoin

The cryptocurrency world was anything but dull this week. Major developments, from a surge in Shiba Inu whale transactions to significant liquidations of long crypto positions, kept the market on its toes.

Trump Against CBDC, Shiba Inu's Whale Transaction Volume Soars, Dogecoin Predicted To Hit $5 Mark And More: This Week In Crypto

The cryptocurrency has retreated and is retesting the current support level of $0.00000890. According to price analysis by Coinidol.com, the bears tested the current support three times as the cryptocurrency rose above it.

Shiba Inu Recovers Amid Buying Pressure Above $0.00000890

Shiba Inu (CRYPTO: SHIB) is down 4.3% on the day, but fundamental developments point to potentially better times ahead for the Dogecoin (CRYPTO: DOGE) rival. What Happened: U.Today cited IntoTheBlock data that large transaction volumes skyrocketed from 902.36 billion SHIB on Jan. 14 to 5.9 trillion SHIB on Jan. 16, marking a 551.4% growth.

Shiba Inu Whale Transactions Volumes Surge 551%, SHIB Community Expects 'One Zero' Erased Soon

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB), has witnessed a surge in token burn activity with an increase exceeding 1600% within a 24-hour window. What Happened: Shibburn, a Shiba Inu burn rate tracker, revealed the elimination of 88 million SHIB tokens from the actively traded supply.

'Dogecoin Killer' Shiba Inu Sees 1600% Rise In Burn Rate — 88M Tokens Sent To Dead Wallet In A Single Day

The price of Shiba Inu (SHIB) fell below the moving average lines on January 3rd. Price analysis by Coinidol.com.

Shiba Inu Price Recovery Stops At $0.00001050 Due To Rejection

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB), experienced a significant uptick in its token burn rate, surging by over 400% in just 24 hours. What Happened: The increase in burn rate corresponds to a removal of 18 million SHIB tokens from the circulating supply, Shibburn, a Shiba Inu burn rate tracker reported.

'Dogecoin Killer' Shiba Inu Scorches The Charts: Token Burn Skyrockets 400%, Whales Accumulate $1.38M Worth Of SHIB

Pseudonymous developer Shytoshi Kusama has just unveiled plans to launch a special Top-Level Domain (TLD), the last part of a web address after the dot, for the Shiba Inu (SHIB) ecosystem. In a series of tweets on social media platform X, Kusama says domains are significant as the identity layer of the internet.

Shiba Inu Lead Developer Reveals Project's Plans for New SHIB Domain Names

A widely followed crypto analyst and trader is expressing bullish sentiment on a low-cap memecoin. The analyst pseudonymously known as Bluntz tells his 236,000 followers on the X social media platform that it is “clear as day” that the Solana-based memecoin dogwifhat (WIF) is currently undergoing accumulation.

Under-the-Radar Dogecoin and Shiba Inu Rival Could Explode by Over 200%, According to Top Crypto Analyst

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB), has witnessed an increase of over 27,500% in its token burn rate within the past 24 hours. What Happened: A total of 9 billion SHIB tokens have been purposefully removed from the circulating supply.

'Dogecoin Killer' Shiba Inu Burn Rate Skyrockets Over 27,500% — Analytics Platform Reports Surge In Whale Activity

Solana

Amid all the optimism surrounding spot Bitcoin ETF approval likely coming on Wednesday with a possible start to trading on Thursda y, some altcoins on the board are also witnessing a surge in the past 24-hours of trading. What Happened: Solana (CRYPTO: SOL) is trading 6.3% higher while Avalanche (CRYPTO: AVAX) is up 3.9%.

Shiba Inu Burn Rate Sees 588% Surge, 1,300% Growth In Whale Activity; Solana Monthly Active Developers At 2,500

Shiba Inu (CRYPTO: SHIB) has dropped over 10% over the last seven days, as the popular memecoin witnesses declining transaction activity and dropping burn rates. Following the drop, the Shib team is taking steps to boost transaction activity.

Dogecoin Rival Shiba Inu Tanks Over 10% In Past Week: Here's What Shib Team Encourages Investors To Do

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB) experienced a dramatic surge in its token burn rate, skyrocketing over 2500% in a single day. What Happened: The surge comes as 53.29 million SHIB tokens were permanently withdrawn from circulation.

'Dogecoin Killer' Shiba Inu Burn Rate Surges 2,500%: Analyst Says Meme Coin Set For Price Change After Spot Bitcoin ETF Announcement

Shiba Inu (SHIB) price rises after its previous decline and reaches a low of $0.00000833. SHIB price analysis by Coinidol.com.

Shiba Inu Is Stuck In A Range And Reaches A Low Of $0.00000833

The 2024 prospects for Shiba Inu (CRYPTO: SHIB) appear cautiously optimistic, influenced by an uptick in daily transactions and an increasing burn rate. What Happened: In a recent tweet, the official page for Shib stated “2024: make Shibarium great.

Dogecoin Killer Shiba Inu Burn Rate Surges 373%, Trader Says SHIB 'Could Explode' To 1 Cent 'And Leave People Behind'

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB) has seen its token burn rate skyrocket by over 300% over 24 hours. What Happened: This increase comes as over 12.46 million SHIB tokens were yielded up, and permanently withdrawn from circulation.

'Dogecoin Killer' Shiba Inu Burn Rate Spikes 300% As 300M SHIB Permanently Destroyed In A Single Day

The price of Shiba Inu (SHIB) has fallen above the 21-day SMA. Price analysis by Coinidol.com.

Shiba Inu Is In Danger Of Losing Its $0.00001000 Support

Bitcoin

Cryptocurrency markets are significantly influenced by social media, where numerous users are crypto analysts, experts, and traders. As we approach the new year, let's explore the perspectives of several prominent X users with millions of followers on the future of crypto.

2024 Crypto Outlook: Influencers Optimistic On Bitcoin ETF, Shibarium, And Dogecoin

Ethereum-based crypto Shiba Inu (CRYPTO: SHIB) reported significant whale movements while the community is also burning the token. What Happened: Based on Whale Alert data, Shiba Inu witnessed a significant 4.25 trillion token shuffle between two unknown wallets.

Dogecoin Killer Shiba Inu Burn Rate Rallies 18% Alongside 4.25 Trillion Shuffle In Whale Activity

Pepe

A pseudonymous cryptocurrency analyst known as Kaleo compared the potential price movement of Pepe Coin (CRYPTO: PEPE) with Ethereum (CRYPTO: ETH). What Happened: Kaleo said on X, “The same way $BONK printed new ATHs vs $SOL when it broke out, I see $PEPE printing new ATHs vs $ETH as it starts to move.

'Dogecoin Killer' Shiba Inu To Go Head-To-Head With Ethereum, And Pepe Coin Will Reach 'New All-Time High', Predicts Crypto Analyst

A mysterious Shiba Inu (SHIB) whale is suddenly shifting trillions of SHIB as the leading memecoin grinds up this month. New data from the whale-surveying platform Whale Alert reveals that a deep-pocketed crypto investor abruptly moved 4,254,147,213,294 SHIB, worth about $46.

Mysterious Shiba Inu Whale Abruptly Moves 4,254,147,213,294 SHIB – Here's Where the Crypto's Going

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu's (CRYPTO: SHIB), burn rate spiked over 5000% within the past 24 hours. A total of 53 million SHIB tokens have been permanently withdrawn from circulation.

'Dogecoin Killer' Shiba Inu Burn Rate Spikes Over 5000%: Analyst Points To 'Massive Withdrawal' Of 8 Trillion SHIB From Crypto Exchange Wallets

Meme-based cryptocurrency Shiba Inu (CRYPTO: SHIB) has witnessed a massive withdrawal of 8 trillion tokens from exchanges since November. What Happened: The self-proclaimed ‘Dogecoin (CRYPTO: DOGE) Killer' has seen a major spike in whale activity, according to IntoTheBlock data.

'Dogecoin Killer' Shiba Inu Witnesses Record Withdrawal: 8 Trillion Tokens Exit Exchanges Since November

Bonk

Meme coins are still popular—but new ones are constantly springing up.

This Week in Coins: Solana Surge, Bitcoin Boom, and Meme Coin Mania

Shiba Inu (SHIB) prices have continued to rise after falling above the 21-day simple moving average on December 18. Price analysis by Coinidol.com.

Shiba Inu's Uptrend Continues And Struggles With The $0.00001100 Barrier

Ethereum

Cryptocurrency analytics platform Santiment is naming three digital assets that it says possess long-term bullish prospects. Santiment says that Ethereum (ETH), Shiba Inu (SHIB) and the artificial intelligence-focused crypto project Fetch.ai (FET) are witnessing a reduction of the supply held on exchanges by their top 10 holders.

News for Shiba Inu Crypto (SHIB)