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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.

Shytoshi Kusama, the mysterious lead developer at the helm of the Shiba Inu (CRYPTO: SHIB) ecosystem, praised the UAE administration for exempting cryptocurrency transactions from value-added tax (VAT). What happened: In an X post on Sunday, Kusama responded to news of the exemption with a GIF of Vegeta, a character in the popular anime series Dragon Ball.

Shiba Inu's Shytoshi Kusama Calls This Nation 'Crypto Capital' After It Makes Digital Asset Transactions Tax Free

Bitcoin

Ethereum

Pepe

Discover the top cryptocurrencies by year-to-date performance as of October 2024, exploring which cryptos have shown the most growth this year.

10 Top Cryptos By Year-To-Date Performance In October 2024

Shiba Inu's (CRYPTO: SHIB) sudden spike in prices thanks to positive macro data has traders hoping for more upside in Q4. What Happened: Shiba Inu is up 10% to $0.0000175 on Friday, outperforming its rival DOGE, which is up 5%.

'Dogecoin Killer' Shiba Inu Rallies 10%: What Is Going On?

Shiba Inu (CRYPTO: SHIB) is seeing rising burn rates but is struggling with bearish technical indicators foreshadowing a further drop in prices. What Happened: Shiba Inu's burn rate increased by 226.5% over the past 24 hours following the last burn transaction of 2.6 million coins around 21 hours ago, according to Shibburn data.

'Dogecoin Killer' Shiba Inu's Burn Rate Increases 227%—Then Why Are Technical Indicators So Weak?

﻿The price of Shiba Inu (SHIB) is in an uptrend after breaking above the moving average lines and the $0.00001600 resistance level.

Shiba Inu Corrects Upwards Above The $0.00001600 Breakout Level

Dogecoin

A prominent crypto trader suggests that meme coins like PEPE (CRYPTO: PEPE), Dogwifhat (CRYPTO: WIF) and Popcat (CRYPTO: POPCAT) are poised for potential breakouts based on a technical indicator. What Happened: The Elliott Wave theory posits that a bullish asset often undergoes a five-wave rally before reaching its peak and usually rebounds after completing an ABC correction.

Could PEPE, WIF, And POPCAT Outshine Shiba Inu And Dogecoin In The Next Meme Coin Rally?

Cat-themed memecoin Popcat (POPCAT) was the outlier Tuesday, trading in the green amid a broader memecoin meltdown precipitated by fears of war in the Middle East. What happened: The Solana (CRYPTO: SOL)-based coin was up 0.28% as of this writing, becoming the only cryptocurrency among the top 10 biggest meme coins by market capitalization to record gains.

Dogecoin And Shiba Inu Sink 7%, But Year's Best-Performing Cat-Themed Crypto, Popcat, Keeps Head Above Water

Cryptocurrency analyst Murad Mahmudov predicted a "meme coin super cycle" in a speech at the Token 2049 conference in Singapore, arguing that these tokens are outperforming traditional cryptocurrencies and are poised for significant growth. What Happened: Mahmudov pointed out that meme coins are already dominating the market, with 13 out of the top 20 outperforming tokens being meme coins.

'Meme Coin Supercycle' Means 13 Out Of Top 20 Outperforming Tokens Are Memes: Will Shiba, Dogecoin Be First To Reach $100B?

After a strong resurgence in September, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) seem set for an even stronger performance in October. What Happened: Elon Musk, a vocal supporter of Dogecoin, on Saturday tweeted an AI-generated picture of him and Donald Trump with an image of the Dogecoin dog and the inscription "Department Of Government Efficiency.

Dogecoin Up 19%, Shiba Inu Surges 32% In September: What's Next For The Meme Coin Leaders?

In the past week, meme coins have been on a roll, with shiba inu (SHIB) leading the top five pack, gaining 35.5% against the U.S. dollar over seven days. However, the real standout was MOODENG, the meme token inspired by a baby pygmy hippopotamus from Thailand.

Meme Coins Shine: SHIB Climbs 35%, MOODENG Rises to $305M Market Cap

The meme coin market is heating up again, with Shiba Inu (SHIB) seeing a 20% price jump since yesterday. Not to be outdone, the Boy's Club-inspired duo, Brett (BRETT) and Pepe (PEPE), aren't far behind – racking up some impressive gains of their own.

Shiba Inu Price Rockets 20%, Brett and Pepe Also Pumping – Time to Buy Meme Coins?

The cryptocurrency market surged Thursday, extending the rise sparked by the Federal Reserve's first interest rate cut in more than four years. The rally was spearheaded by popular dog-themed memecoin Shiba Inu, which spiked more than 20% in the last 24 hours, touching levels not seen since mid-June.

If You Invested $1000 In Bitcoin, Dogecoin, And Shiba Inu Exactly A Year Ago, This Crypto Would Give You The Best Returns Today

Meme coins have roared back with strong gains over the past 48 hours, riding on the coattails of Bitcoin's comeback above $65,000. What Happened: According to Coingecko data, the market capitalization of meme coins has surged by 18.5% in the past 24 hours, approaching the $55.9 billion mark.

'Dogecoin Killer' Shiba Inu Pumps 15%, Pepe, Bonk, Floki Chasing In Its Slipstream: What Is Suddenly Going On With Meme Coins?

Shytoshi Kusama, the mysterious lead developer of the Shiba Inu (CRYPTO: SHIB), shared a GIF, purportedly celebrating the breakout rally of the ecosystem's top cryptocurrencies. What happened: On Thursday, the pseudonymous lead posted a meme on X, showing Vegeta, a character in the popular anime series Dragon Ball, smirking after looking at a device.

Shiba Inu Soars 29% On SHI Stablecoin Update: Lead Developer Shytoshi Kusama Teases Breakout With Dragon Ball Meme — Burn Rate Soars 33818%

Meme coin leaders Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are picking up steam and could rise even further, according to predictions. What Happened: Shiba Inu's burn rate increased by 640.7%, as around 1 million SHIB coins were burned in a single transaction, according to Shibburn data.

Dogecoin Up 6%, Shiba Inu Surges 14%: What's Going On With The Meme Coin Kings?

Solana

The cryptocurrency market is set to enter the last quarter of the financial year, and memecoins have already been the star performers. What happened: A plethora of tokens inspired by dogs and cats have netted massive returns to their holders year-to-date.

Solana Memecoins Popcat and Dogwifhat Are Soaring In 2024 — One Even Surged 12882% But Why Are Ethereum-Based Shiba Inu And Floki Lagging?

Shiba Inu (CRYPTO: SHIB) is trading 8% higher in the past seven days bolstered by optimism, burn rates and whale transactions. What Happened: Shiba Inu's burn rate has surged by 7,168% with 6.9 million SHIB coins burned in one transaction and 1 million SHIB in another, according to Shibburn data.

'Dogecoin Killer' Shiba Inu's Burn Rate And Whale Transactions Are Surging: What Is Going On?

Cat-themed cryptocurrency, cat in a dogs world (MEW) defied the broader memecoin stagnation on Monday to become one of the cohort's top gainers. What happened: The fourth-largest memecoin on Solana (CRYPTO: SOL) jumped more than 10% in the last 24 hours, while its trading volumes soared 70%.

Cat In A Dogs World Logs Double-Digit Gains Defying Canine-Themed Dogecoin And Shiba Inu's Loss-Making Moves

Meme coin leaders Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) were left out of a veteran trader's top meme coin conviction list. What Happened: Veteran crypto trader Free Electron listed his top ten meme coins for the bull run, outlining his thesis and long-term target for each.

Dogecoin and Shiba Inu Excluded from Top Ten Meme Coins Conviction List—Here's What Top Trader Chose Instead

Popular dog-themed memecoin Shiba Inu (CRYPTO: SHIB) recorded a significant jump in its burn rate in the last 24 hours, although the community remained unimpressed. What happened: About 15.08 million SHIB tokens were kicked out of circulation, according to the official burn tracker, Shibburn, marking a surge of 772% over the last 24 hours.

'Dogecoin Killer' Shiba Inu's Burn Rate Shoots Up 772%, Shytoshi Kusama On Picking Up The Pace: 'Requires Funds To Do So'

The price of Shiba Inu (SHIB) has rebounded after rising above the moving average lines. SHIB rose above the current support level of $0.00001300 several times as positive momentum returned.

Shiba Inu Bounces Back But Encounters Resistance At $0.00001600

Pepe's (CRYPTO: PEPE) has been outperforming its dog-themed meme coin rivals, prompting calls for a surge to $10 billion and beyond. What Happened: Pseudonymous crypto trader SomSpencer declared the arrival of the "meme season" in the crypto market, emphasizing the importance of PEPE as a key indicator.

Pepe Leapfrogs Dogecoin, Shiba Inu In 30-Day Gains, Trading Volume: 'No One Is Bullish Enough,' Says Trader

Cat-themed meme coins are surging off the back of a major cryptocurrency rally, outperforming their dog-themed meme coin rivals. What Happened: In the past 24 hours, Popcat (CRYPTO: POPCAT) and Mew (CRYPTO: MEW) collected gains of 36% and 33%, respectively.

Cat Coins Popcat, MEW Eat Dogecoin's, Shiba Inu's Lunch With Gains Of Over 30%: What Is Going On?

Meme coin leaders Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have rallied 4.5% and 8% after the announcement of a 50-basis points rate cut in interest rates. What Happened: Interest rate cuts have prompted crypto traders to predict bullish momentum for the cryptocurrency markets.

Dogecoin Rallied 4.5%, 'Dogecoin Killer' Shiba Inu 8%: What Is Going On?

The official Shiba Inu (CRYPTO: SHIB) account on X has announced that tomorrow at noon EDT, the highly anticipated liquid staking platform, K9 Finance, will launch on the Shibarium network. What Happened: This new platform will allow users to engage in liquid staking for Bone ShibaSwap (CRYPTO: BONE), a key token in the Shiba Inu ecosystem.

News for Shiba Inu Crypto (SHIB)