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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.

Bitcoin

Dogecoin

Ethereum

Ethan Nguonly, a 22-year-old software engineer, began investing in the stock market with the guidance of his parents before he even reached his teenage years. Today, his investment portfolio includes close to $135,000 in retirement and brokerage accounts, as well as ownership of two houses.

GenZ Investor Who Invested In Bitcoin, Ethereum, Dogecoin And Shiba Inu Reflects On $80K Mistake: 'Only Invest Money You Have'

Shibburn, a Shiba Inu (CRYPTO: SHIB) data tracker, addressed the misconception surrounding Ethereum (CRYPTO: ETH) co-creator Vitalik Buterin's burn of $1.7 billion worth of SHIB tokens back in May 2021. What Happened: Contrary to popular belief, Shibburn said Buterin did not spend that amount to burn the tokens and it did not directly impact the price at the time.

Shiba Inu 'High Demand' Drove SHIB's Meteoric 46,000,000% Rise, Not Vitalik Buterin's Token Burn, Says Data Tracker

Last month, Shiba Inu (CRYPTO: SHIB), unveiled its highly anticipated layer-2 solution called Shibarium, despite encountering initial challenges. What Happened: The development of Shibarium was driven by a primary objective: to address the scalability concerns of Ethereum (CRYPTO: ETH).

Shiba Inu's Journey To $1: How Much Does It Need To Jump?

Shiba Inu (CRYPTO: SHIB) was trading mostly flat Wednesday, showing strength in comparison to the general market, which saw the S&P 500 falling almost 1%. The crypto sector has been trading mostly horizontally since Aug. 18, with Bitcoin and Ethereum holding near $25,000 and $1,600, respectively.

Shiba Inu Crawls Yawns As Market Falls: The Bull, Bear Case For The Dogecoin Killer

Shiba inu was a notable gainer in today's session, as the cryptocurrency rose for a second straight session. The global market cap is marginally higher at the time of writing, as prices mostly consolidated. Solana retreated from a near one-week high.

Biggest Movers: SHIB Hovers Higher, Despite Market Consolidation

Shiba Inu (CRYPTO: SHIB) has experienced a 3% surge in the last 24 hours, surpassing the performance of other notable cryptocurrencies such as Dogecoin (CRYPTO: DOGE), Pepe Coin (CRYPTO: PEPE), and Floki (CRYPTO: FLOKI). What Happened: Data from IntoTheBlock shows that large holders of Shiba Inu have acquired over $100 million worth of SHIB tokens in the past week.

Shiba Inu Burn Rate Skyrockets 730% Over Single Day After Whales Acquire $100M Worth Of SHIB Tokens

Shiba Inu's (SHIB) layer-2 blockchain Shibarium has surpassed one million wallets for the first time since the mainnet launch in August, according to a project developer.

Shibarium Hits 1,000,000 Wallet Milestone As Layer-2 Solution Prepares To Promote Projects, Says Developer

Pseudonymous crypto expert DonAlt has expressed concerns over the current state of the cryptocurrency market, highlighting its apparent lack of strength. "It's quite surprising that we had this sharp of a drop," DonAlt said in a video shared by The Daily Hodl.

Dogecoin, Shiba Inu On Brink Of Collapse? Expert Warns Of Sell-Off As Bitcoin Trades Flat

A survey conducted in the United States found that nearly one-third of the respondents previously bought cryptocurrencies but eventually sold them. What Happened: ConsenSys and YouGov in a survey titled ‘A Global Survey on Crypto and Web3' interviewed 1018 individuals between the ages of 18 and 65, who are US residents.

Americans Own Bitcoin The Most, Followed By Ethereum, Dogecoin — Shiba Inu Owned By 17%, Shows Survey

Cryptocurrency analysts of Coinidol.com report, the price of Shiba Inu (SHIB) is trying to resume its downtrend while falling below the current support level of $0.00000775.

Shiba Inu Falls To A Range Low Of $0.00000728

Shytoshi Kusama, the lead developer of Shiba Inu (CRYPTO: SHIB), on Monday, confirmed the ongoing development of the Burn Portal for the Shibarium protocol. What Happened: Lucie, the Marketing Strategist of the Shiba Inu ecosystem on X, shared a screenshot of Kusama's response to a community member's question on Telegram regarding the burn portal.

Shiba Inu Lead Developer Says Burn Portal In The Works As 9.2M SHIB Burned In Single Day: 'We Absolutely Must Increase Adoption'

Shiba Inu's layer two (L2) scaling endeavor, Shibarium, has successfully crossed the 1 million wallet threshold since its inception, as evidenced by data from shibariumscan.io. Yet, the project's native token, SHIB, has seen a decline of over 4% in the past week and a substantial drop of more than 18% in the previous month.

Shibarium Surpasses 1 Million Wallets in Meteoric Rise, But SHIB and Associated Tokens Face Turbulent Waters

The newly launched Shiba Inu (CRYPTO: SHIB) layer-2 blockchain network, Shibarium, surpassed one million wallet mark on Sunday. What Happened: This comes two weeks after the network's initial launch, following a relaunch on August 28.

Shiba Inu Layer-2 Network Shibarium Surpasses 1M Wallet Mark As Data Shows 335% Surge In Large Transactions

Ahead of the much-anticipated Benzinga's Future of Digital Assets conference, renowned crypto analyst Nicholas Merten has shared his insights on the altcoin market's trajectory, suggesting a possible downturn, indicating that altcoins might be heading towards their fourth lower high since May. In a YouTube video this week, Merten observed, "Altcoins have marked a fourth lower high since May.

Altcoin Apocalypse: Crypto Expert Warns Of $60B Market Crash That Could Affect Dogecoin, Shiba Inu, Toncoin And Others

Network activity has started to chug along since an earlier glitch was solved last weekend.

Shibarium Crosses 600K Unique Wallets as SHIB Whale Moves $38M

A mysterious Shiba Inu (SHIB) whale is suddenly moving trillions of the memecoin after its developers brought the project's layer-2 scaling solution Shibarium back online.

Mysterious Shiba Inu Whale Abruptly Moves 4,642,530,677,374 SHIB – Here's Where the Crypto's Headed

Pepe

Closely followed crypto analyst Benjamin Cowen raised concerns about the potential decline of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in September. Drawing on historical data and patterns, Cowen presented a cautionary outlook for the two leading cryptocurrencies.

September Could Be The Cruelest Month For Bitcoin, Ethereum, Analyst Says: Do Dogecoin, Shiba Inu, Pepe Coin Stand To Gain?

Following a bumpy start, Shiba Inu's (CRYPTO: SHIB) layer-two protocol, Shibarium, has made a comeback. What Happened: After encountering a glitch during the beta version launch, developers took action to rectify the issue.

Shib Inu Burn Rate Surges Over 110% With 86M Tokens Removed From Circulation — Can $10 Make You A SHIB Millionaire Today?

The Shiba Inu development team has announced that Shibarium is now fully functional after recent challenges where funds became inaccessible in the bridge. Shiba Inu's Shytoshi Kusama thanked Sandeep Nailwal, the co-founder of Polygon Labs, who stepped in with crucial resources to address the issue.

Shiba Inu's Shibarium Returns to Full Operation After Navigating Bridge Issues

The Elon Musk-owned social media platform X, formerly known as Twitter, has been granted a license to provide cryptocurrency wallet services within Rhode Island. What Happened: According to a filing, the Currency Transmission License empowers X to lawfully extend its services to include crypto payments and trading in the Ocean State.

Elon Musk's X Scores Crypto Wallet Licenses Across US — What It Means For Dogecoin, Shiba Inu

Pseudonymous memecoin developer Shytoshi Kusama says Shiba Inu's (SHIB) scaling solution Shibarium is “live and operating well.” In a new blog post, Kusama says that “Shibarium is ready for prime time” after technical issues blamed on a “massive influx” of users cropped up following its official launch earlier this month.

Shiba Inu Developer Says Layer-2 Protocol Shibarium Is Live and Ready for Prime Time

Shiba Inu (CRYPTO: SHIB) experienced a 3% increase in the past 24 hours as the token withdrawals from the Shibarium bridge have become operational. What Happened: This development follows several weeks of challenges since the highly anticipated launch, where software glitches temporarily restricted access to millions of dollars on the network.

Shiba Inu Leaves Dogecoin, Floki Trailing In Dust With 3% Gains After Shibarium Bridge Token Withdrawals Go Live — 106M SHIB Burned In A Single Day

Polygon

Polygon climbed higher for a third straight session on Monday, as the token continued to move away from a recent support point. After a mostly bearish weekend, crypto markets eased back into the green to start the week. Shiba inu was a notable exception, as it extended a recent downtrend.

Biggest Movers: MATIC Extends Bull Run, SHIB Falls for 5th Straight Day

Token withdrawals from the Shibarium bridge are now operational. This comes weeks after the highly anticipated launch faced challenges, with software glitches causing millions of dollars to be temporarily inaccessible on the network.

Shibarium Bridge Token Withdrawals Go Live After Initial Setbacks

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