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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.

Withdrawals can take anywhere from 45 minutes to a week, depending on the token, developers said in a Monday update.

Shiba Inu's Highly Anticipated Shibarium Bridge is Now 'Fully Functional'

Shibarium, a Layer 2 blockchain, reopened fund withdrawals on its bridge to Ethereum.

Shibarium team reopens bridge withdrawals on mainnet

Dogecoin

Cryptocurrency analyst Altcoin Sherpa has issued a warning about Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE), as the markets continue to show indications of vulnerability. What Happened: The analyst said on his YouTube channel on Saturday that if Dogecoin relinquishes its immediate support level, a significant corrective downward movement might ensue.

Crypto Analyst Warns About Dogecoin, Shiba Inu Amid Uneasy Market: Not An 'Interesting Buy'

Cryptocurrency price analysis brought by Coinidol.com. The price of Shiba Inu (SHIB) is falling below the moving average lines.

Shiba Inu Continues Its Slide After Being Rejected At $0.00001100

A widely followed crypto trader is warning about dog-themed memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) as the markets continue to flash signs of weakness. Pseudonymous analyst Altcoin Sherpa tells his 11,000 YouTube subscribers that Dogecoin could witness a severe corrective move if it loses its immediate support level.

Crypto Analyst Issues Dogecoin and Shiba Inu Alert, Warns Traders To ‘Wait and See' Amid Market Downturn

Shiba inu was one of Saturday's notable gainers, as price rebounded from recent lows to start the weekend. Today's rebound comes as the global crypto market cap moved into the green earlier in the session. XRP was also higher on Saturday.

Biggest Movers: SHIB, XRP Jump Higher on Saturday

A Shiba Inu (SHIB) ecosystem altcoin ignored the wider crypto market downtick and surged by nearly 15% on Thursday. Bone ShibaSwap (BONE) is trading at $1.41 at time of writing, up from $1.23 a day ago. The 104th-ranked crypto asset by market cap is also up nearly 26% in the past week.

Shiba Inu Ecosystem Altcoin Bounces As Shibarium Recovers From Technical Issues

The relaunch of memecoin Shiba Inu's (SHIB) layer-2 scaling solution Shibarium has reached over 50,000 wallets, sparking a rally for Bone ShibaSwap (BONE), the token associated with paying the protocol's gas fees.

Shiba Inu (SHIB) Layer-2 Protocol Shibarium Relaunch Reaches 50,000 Wallets, Spurs BONE Rally

In the midst of a sluggish week for meme coins, Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and Floki (CRYPTO: FLOKI) on Thursday witnessed an uptick of over 2%. What Happened: This rise countered the downward trend experienced by meme coins in the past seven days.

Elon Musk Effect Does It Again? Dogecoin, Shiba Inu, Floki Spike After X Owner Calls Platform A 'Doge Friendly Place'

Shiba Inu's (SHIB) new layer-2 scaling solution will soon reopen to the public after experiencing technical difficulties last week, according to Shytoshi Kusama, the project's pseudonymous lead developer.

Shibarium Almost Ready To Reopen to the Public After Days of Testing and Tweaking, Says Lead Developer

BNB was one of Wednesday's biggest movers, as the token rebounded from a recent one-year low. The price decline came as crypto exchange Binance came under scrutiny for allegedly assisting sanctioned Russian clients in moving funds abroad. Shiba inu also rose, following recent losses.

Biggest Movers: BNB Rebounds From 1-Year Low, SHIB Surges Higher

Shiba Inu (CRYPTO: SHIB) has experienced a 4% increase in the past 24 hours, outperforming both Dogecoin (CRYPTO: DOGE) and Floki (CRYPTO: FLOKI). What Happened: The rise in SHIB's price comes after Shibarium, Shiba Inu's Layer-2 network, announced the impending relaunch of its enhanced network, stating it is “almost ready” to be reopened to the public.

Shiba Inu Surpasses Dogecoin, Floki With 4% Surge — SHIB Developer Says Shibarium 'Almost Ready' To Reopen

After facing initial challenges during its launch last week, Shibarium, the Layer-2 network associated with the Shiba Inu project, is gearing up for a relaunch.

Shibarium, Shiba Inu's Layer-2 Network, Prepares for Relaunch with Enhanced Features

Shiba Inu's new Layer-2 Shibarium gets off to a shaky start, while multiple projects announce airdrops. Read on to find out more DeFi news and alpha!

Week in DeFi: CoWSwap TWAP, Shibarium's Shaky Launch and Sei Mainnet Arrives

Last week, Shiba Inu (CRYPTO: SHIB) introduced its much-anticipated layer-2 solution, Shibarium, despite some initial hiccups. What Happened: The main objective behind Shibarium's development was to tackle Ethereum's (CRYPTO: ETH) scalability concerns head-on.

Shiba Inu Worth $800 Can Make You A Millionaire If SHIB Reaches This Level

The Shiba Inu team is preparing to begin implementing its ShibPaper to develop a working system for governance and management.

Shibarium Devs Say Enhanced Network ‘Almost Ready' to Reopen

Test blocks on the network are processing as normal after developers blamed the earlier stoppage on unprecedented demand.

Shiba Inu Plans Shibarium's Public Restart Days After Botched Launch

The self-proclaimed “Dogecoin (CRYPTO: DOGE) killer,” Shiba Inu (CRYPTO: SHIB), experienced an 850% surge in its burn rate within the span of just 24 hours. What Happened: Data obtained from Shibburn reveals that over 1 billion SHIB tokens were permanently removed from circulation during this period.

Shiba Inu Burn Rate Skyrockets 850% In A Day — SHIB Becomes Most Traded Token Among Top Ethereum Whales

Billy Markus, co-creator of Dogecoin and popularly known as Shibetoshi Nakamoto, offered insights into his views on cryptocurrency investments and his favorite coins. Markus recently said, "My [number one] rule of crypto is never put more money into it than you're willing to burn in a fire.

Dogecoin Creator Billy Markus Lists Favorite Tokens — Did Shiba Inu Secure A Place?

Pepe

Markets are down bad and meme coins—the riskier assets—are bearing the brunt. Last week's chaotic Shibarium launch also helped sink the price of SHIB.

Meme Coins PEPE, SHIB Plummet More Than 20% Over the Week

In the wake of last week's significant market downturn, the cryptocurrency landscape has been a topic of intense debate and speculation, with market caps across the board witnessing substantial declines, leading to polarized opinions among traders and investors. While some anticipate a swift market recovery, others view the recent events as merely the onset of a more extended downturn.

Shiba Inu, Dogecoin And Floki Set To Eclipse Bitcoin's Legacy After Market Chaos, Says Analytics Firm

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

Shiba Inu Falls To $0.0000846 As It Reaches Overbought Zone

Cardano

Bitcoin

Ethereum

Litecoin

Solana

Ahead of the sharp crypto price crash, a former U.S.

Stark BlackRock Warning As Sudden $1 Trillion Crypto Market Crash Tanks The Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Litecoin, Solana, Tron And Shiba Inu Price

In a recent development that has caught the attention of the cryptocurrency community, a significant amount of Shiba Inu (CRYPTO: SHIB) tokens were transferred between unknown wallets. Blockchain tracker WhaleAlert reported a transfer of 4,657,881,590,632 SHIB, equivalent to approximately $40,747,148 USD.

Mysterious Shiba Inu Whale Moves Trillions Of SHIB Amidst Shibarium Launch

FLOKI (CRYPTO: FLOKI), the popular cryptocurrency that emerged on the scene in June 2021, has revealed its admiration for fellow meme coins Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). ‘No Rivalry Whatsoever' Rather than engaging in the typical rivalry seen in the crypto space, Floki has chosen to embrace fellow meme coins like DOGE and SHIB, seeing them as catalysts for its own success and as integral components of the meme coin movement.

News for Shiba Inu Crypto (SHIB)