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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.

Post the launch of Shibarium in mid-August, Shiba Inu (CRYPTO: SHIB) chief market strategist Lucie took to X (Twitter) to highlight the Shiba Hub launch, which will remodel the decentralized applications (Dapps) landscape for the ecosystem. She also indicated that it is not an ordinary app but something extraordinary that will change the way users connect, share, and create, adding that innovation of the highest level will be the app's uniqueness.

Shiba Inu Launches Innovative Shiba Hub With Focus On Individual Control, Privacy

Shiba Inu's sister token, BONE (CRYPTO: BONE), has experienced a notable surge of 6% in the past 24 hours, surpassing the performance of other popular cryptocurrencies like SHIB, Dogecoin (CRYPTO: DOGE), and Pepe Coin (CRYPTO: PEPE). What Happened: The recent price movement of BONE is intertwined with the challenges faced by Shibarium, the self-sufficient Layer-2 blockchain associated with Shiba Inu.

Shiba Inu Sister Token BONE Surges 6% Outperforms Dogecoin, Pepe Coin As Minting Nears

Traders have continued to flock to the Calcium token, a dummy token associated with Shiba Inu (CRYPTO: SHIB), causing its value to soar by 200% within the last 24 hours. This surge comes even after a warning issued by the SHIB team regarding the token's risks.

Shiba Inu Dummy Token Shot Up 200% But This Trader Lost $115K — 'That Was

Shiba Inu (CRYPTO: SHIB) saw a sharp spike early Saturday amid an increase in volume, as the meme crypto continues to stage an uneven recovery from its mid-June lows. What Happened: Shiba Inu, which reversed course after hitting a near-term low of $0.000007195 on Thursday, was locked in a range subsequently.

Shiba Inu Spikes Sharply On Rising Volume: What's Going On

Chainlink

Shiba inu was a notable mover to start the weekend, as the meme coin rose for a second consecutive session. The surge comes despite the global crypto market cap mostly consolidating today. Chainlink also raced higher, hitting a five-week high.

Biggest Movers: SHIB Extends Gains, LINK Hits 5-Week High on Saturday

Calcium (CAL), originally created as a “dummy token” by the Shiba Inu (CRYPTO: SHIB) team, experienced a sudden surge in value shortly after its launch. What Happened: In just 11 hours of its launch, CAL rallied to $0.014, marking a gain of 330%, according to data from DeXTools.

Shiba Inu 'Dummy Token' CAL Skyrockets 330% Within Hours Of Launch As Trading Volumes Cross $4M

A token meant for testing purposes wasn't intended to be traded, yet some traders have pounced on the supposed opportunity.

Shiba Inu Developers Floated a Dummy Token and Now Activist Traders Are Making it a Real Thing

Shiba Inu (CRYPTO: SHIB) was dropping over 2% Thursday, in tandem with the crypto sector and the general stock market, which saw Bitcoin and the S&P 500 losing 2% and 1%, respectively, following a hawkish statement from the Federal Reserve . The “Dogecoin Killer's,” move lower saw the crypto testing the lower trend line of a rising channel pattern as support.

Shiba Inu Drops To Floor Of Rising Channel, Attempts To Jump: The Bull, Bear Case

Shiba inu bears ended a three-day bull run on Thursday, as a red wave swept over cryptocurrency markets. Today's drop comes as the global crypto market cap fell by as much as 1.50%. Toncoin also slipped, as profit takers moved to secure recent gains.

Biggest Movers: SHIB Bears Snap 3-Day Win Streak, TON Profit Takers Swoop In

The burn rate of Shiba Inu (CRYPTO: SHIB) has skyrocketed by over 330% in the past 24 hours. This sharp increase has resulted in the permanent removal of more than 131 million SHIB tokens from circulation.

Shiba Inu Burn Rate Spiked Over 330% As 131M SHIB Permanently Removed From Circulation In A Single Day

The term “token burn” refers to the act of permanently removing a coin or token from circulation. This is achieved by sending the coins or tokens to a specific address that can receive but cannot send crypto.

SHIB Burn: Here's Everything You Should Know About Shiba Inu Token Burn

Cryptocurrency analysts of Coinidol.com report, the price of Shiba Inu (SHIB) has been steadily declining.

Shiba Inu falls Back To Support Level

Toncoin was undoubtedly one of the biggest moves in the top 100, as the token rose by as much as 14% on Saturday. The rise comes as markets continue to react to the news of a recent partnership with Telegram. Shiba inu was also higher, hitting a one-week high.

Biggest Movers: TON Surges 14% on Saturday, SHIB Hits 1-Week High

Shiba Inu's (SHIB) new layer-2 scaling solution is continuing its rapid growth, leading to a spike in staking for the altcoin used to operate its gas fees. New data from SHIB blockchain tracker Shibariumscan finds that the total number of transactions over Shibarium has surpassed 2.

Shiba Inu Layer-2 Blockchain Shibarium Continues Explosive Growth, Leading To Spike in BONE Staking

Shiba Inu (CRYPTO: SHIB) has seen a 65% increase in its burn rate, with over 61 million of its tokens burned in the last 24 hours. What Happened: The spike in burning activity comes as Shiba Inu whales continue to accumulate SHIB tokens, indicating their growing interest in the digital asset at its current price.

Shiba Inu Token Burn Surpasses 61M As Whales Multiply Net-Flow By Over 275% In 7 Days

Shiba Inu (CRYPTO: SHIB) was rising slightly higher during Wednesday's 24-hour trading session, outpacing Dogecoin but trading in the same double inside bar pattern. Although Shiba Inu has popped higher over the last two days, the stock may be settling into a bear flag pattern.

Shiba Inu Outpaces Dogecoin But Enters A Bear Flag Pattern

Shiba Inu's (CRYPTO: SHIB) Shibarium on Wednesday announced it has teamed up with Italy-based fast food franchise Welly to enhance the dining experience using blockchain technology. This collaboration aims to bring unparalleled transparency, incentives, and customer engagement to the fast-food sector.

Shibarium's Blockchain Technology Brings Sizzle To Fast Food Industry

Shiba Inu (CRYPTO: SHIB) token has a current supply of 589.3 trillion tokens and a price of $0.000007 each, the ecosystem boasts a market capitalization of $4.6 billion. What Happened: However, if the price were to reach $1 per token, the ecosystem's market capitalization would skyrocket to a staggering $589.3 trillion.

Shiba Inu's Ascent To $1 Would Mean Exceeding Apple's Market Cap By A Staggering 213 Times

Shiba inu started the week by dropping to its lowest point since June, as a red wave swept through cryptocurrency markets. This has pushed the global market cap 1.20% lower at the time of writing. XRP fell by as much as 5%, as Ripple's battle with the Securities and Exchange Commission (SEC) continued.

Biggest Movers: SHIB Plunges to Multi-Month Low on Monday

Cryptocurrency price analysis brought by Coinidol.com. Shiba Inu (SHIB) price is falling as the bears try to break the previous low of $0.00000728.

Shiba Inu Falls As Bears Try To Break $0.00000728 Low

Shiba Inu (CRYPTO: SHIB) on Monday experienced a significant surge in burn rate, surpassing 300% over the past 24 hours. What Happened: This surge followed the successful resolution of a glitch that had previously impacted the Shibarium layer-2 Ethereum (CRYPTO: ETH) Network.

Shiba Inu Burn Rate Spikes 330% In A Single Day After Shibarium Sets New Record

The cryptocurrency market is currently experiencing a downturn, with a substantial portion of investors in Shiba Inu (CRYPTO: SHIB) and other cryptocurrencies facing losses. What Happened: According to data by IntoTheBlock, 83% of SHIB investors are seeing red despite last month's launch of Shibarium.

Crypto Crash: Over 80% Of Shiba Inu And Other Crypto Investors Are Underwater

Bitcoin

Dogecoin

This past weekend in the world of cryptocurrency was a whirlwind. From the revelation of a “burn portal” in the works for Shiba Inu, an anticipated directional shift for Bitcoin, to Elon Musk's ambitious Dogecoin plan, the crypto sphere was buzzing with news.

Shiba Inu 'Burn Portal,' Bitcoin's Breakout, Elon Musk's Dogecoin Plan: Top News From Crypto This Week

New data from market intelligence platform IntoTheBlock reveals that over 80% of traders who have invested in a handful of memecoins are currently underwater.

More Than 80% of the Holders of Shiba Inu and These Three Dogecoin Competitors Are Now Underwater: IntoTheBlock

In the evolving intersection of virtual communities and real-world businesses, Shytoshi Kusama, the lead developer of Shiba Inu (CRYPTO: SHIB), has highlighted the transformative potential of their platform, Shibarium , presenting a clearer picture of the synergy between virtual communities and real-world business operation. The Shiba Inu Ecosystem, notably through its platform Shibarium, has been pushing the boundaries of this synergy, particularly in the two weeks since Shibarium's launch.

News for Shiba Inu Crypto (SHIB)