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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.

The price of Shiba Inu (SHIB) has fallen despite an earlier price forecast.

Shiba Inu Tests The Low Of 0.00000776 And Holds Above The Historical Price Level

Buterin said the new donation would work toward reducing the long-term impact of coronavirus.

Vitalik Buterin's Shiba Inu Donations to Power New Round of India Covid Relief Funds

Popular dog-themed meme asset and Dogecoin (DOGE) rival Shiba Inu (SHIB) is releasing a trailer for its much anticipated Rocket Pond metaverse. In a new announcement, the development team behind the memecoin has released a one-minute trailer showcasing Rocket Pond, the ecosystem's upcoming land-based metaverse.

Dogecoin Rival Shiba Inu Releases Trailer for Upcoming Rocket Pond Metaverse

Dogecoin

Shina Inu (CRYPTO: SHIB) was sliding about 3.5% lower during Wednesday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE) and much of the crypto sector. The bears were attempting to break Shiba Inu down from a double inside bar pattern, but having some difficulty due to lower-than-average volume.

Shiba Inu Slides In Tandem With Dogecoin Following 1-Day Crypto Rally: The Bull, Bear Case

The price of Shiba Inu (SHIB) is dropping below the moving average lines and starting to consolidate again above $0.00000835.

Shiba Inu Is In A Limited Span And Is On The Verge Of An Upswing Or Collapse

AliExpress, the global online retailer of tech giant Alibaba, is adding support for a memecoin that rivals Dogecoin (DOGE) and Shiba Inu (SHIB).

Alibaba's Global Online Retailer Adds Payments Support for Top Dogecoin (DOGE) and Shiba Inu (SHIB) Rival

A leading blockchain analytics firm says that a huge percentage of Shiba Inu (SHIB) and Floki (FLOKI) holders are underwater. According to IntoTheBlock, 81% of SHIB holders are sitting on losses, just 16% are profitable and 3% are breaking even. SHIB is trading for $0.00000851 at time of writing, down 90.

More Than 75% of Shiba Inu and Floki Investors Are Sitting on Losses: Crypto Analytics Firm IntoTheBlock

Shiba Inu (CRYPTO: SHIB) was flat during Thursday's 24-hour trading session, in tandem with Dogecoin, which was continuing to trade mostly sideways. The crypto sector has been in a lull recently, with many coins and tokens trading on lower-than-average volume.

Shiba Inu Lies Low With Dogecoin Amid Weak Trading Volume: What Bulls Want To See

The Bitcoin (CRYPTO: BTC) 2023 annual convention kicked off on Wednesday at a giant expo hall in Miami Beach where companies presented their services and products to visitors. What Happened: According to a report by MarketWatch, brightly logoed T-shirt-wearing teams of salespeople lured attendees with conference swag, but it was the idiosyncrasies of the conference that caught attention.

At Bitcoin 2023 Conference Bazaar, Dogecoin And Shiba Inu Find Themselves In The Toilet Bowl

Litecoin

Shiba inu moved closer to a six-month low on Wednesday, as sentiment in cryptocurrency markets shifted bearish. Litecoin was another notable token to fall, slipping by over 4% today. The global market cap is currently down by over 2% at the time of writing.

Biggest Movers: SHIB Nears 6-Month Low, Whilst LTC Drops by 4% on Wednesday

Pepe

Interest in meme coins surged to an all-time high on TikTok during the May 2023 crypto meme coin rally. What Happened: According to data from CoinGecko, the interest in the memecoin hashtag peaked at the maximum level of 100 in May, suggesting that crypto TikTok has grown as a community on the platform.

TikTok Goes Crazy For Dogecoin, Shiba Inu And Pepe Coin As Memecoin Mania Sweeps Internet

A report has revealed that a staggering 79.86% of addresses associated with the Shiba Inu (CRYPTO: SHIB) token have incurred losses reaching six figures. What Happened: The addresses collectively hold an astonishing 887.86 trillion SHIB, which equates to a value of $7.81 billion and accounts for 90.31% of the total Shiba Inu supply.

Nearly 80% Of Shiba Inu Holders Have Raked Up Losses Touching Six Figures — Over A Third Purchased Within This Range

Shiba Inu (SHIB) has experienced less selling pressure since May 8 when it hit a low of $0.00000835.

Shiba Inu Reaches $0.00000900 High Again Selling Pressure

The highly anticipated mainnet launch of Shiba Inu's (SHIB) layer-2 blockchain project Shibarium is fast approaching, according to a SHIB team member. Lucie, a content market specialist for Shiba Inu, says that the Shibarium mainnet launch is expected in the second or third quarter of 2023.

Shiba Inu's Shibarium Mainnet Launch Nears As Testnet Transactions Surge to Over 12,000,000 – Here's the Timeline

Shiba Inu (CRYPTO: SHIB) was trading slightly lower during Thursday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE). In contrast, Bitcoin and Ethereum were holding flat, propped up by the general market, which saw the S&P 500 trading about 0.8% higher.

Shiba Inu Signals Bullish Reversal, At Least Short Term: The Bull, Bear Case For The Dogecoin Killer

A persistent trader with a knack for hunting memecoin trends has managed to lock in massive gains in the last month, according to blockchain sleuthing firm Lookonchain. Lookonchain says that a trader made hundreds of Ethereum (ETH) over the last month trading Pepe Coin (PEPE) and another very low-cap altcoin.

‘Super Memecoin Hunter' Makes 3,200% Gains on Shiba Inu (SHIB) Rival for Seven Figure Profits: On-Chain Data

Shiba Inu climbed to a two-week high on Tuesday, as bullish sentiment returned to cryptocurrency markets. The meme coin rose by as much as 2% in today's session, as the global crypto market cap surged by the same amount. BNB was another notable gainer today.

Biggest Movers: SHIB, BNB Rebound From Key Price Floors on Tuesday

Ecosystem tokens shiba inu, leash and bone will be used to transact on the upcoming Ethereum-based blockchain.

Shiba Inu's Puppynet Testnet Logs 10M Transactions, Putting Ecosystem Tokens in Focus

Shibarium, an Ethereum (CRYPTO: ETH) based layer 2 platform built specifically for the Shiba Inu (CRYPTO: SHIB) ecosystem, has recently made its Puppynet testnet publicly available, creating a buzz within the cryptocurrency space. What Happened: While the mainnet is still being developed, over 10.6 million transactions and 933,758 blocks, with an average block time of approximately five seconds, have already been processed on Puppynet.

Shiba Inu's Much-Hyped Shibarium Records Over 10M Transaction Volume

The price of Shiba Inu (SHIB) is falling below the moving average lines.

Shiba Inu Holds Above $0.00000850, Bulls And Bears Show Indifference

The team behind dog-themed meme asset Shiba Inu (SHIB) is unveiling the preorder date for new SHIB-themed cold wallets. In a new announcement, Shiba Inu says that preorders for Tangem's new SHIB-theme cold wallets will kick off May 29th.

Shiba Inu Announces Preorder Date for New SHIB-Themed Cold Wallets

New data shows that the number of transactions over the testnet of Shibarium, Shiba Inu's (SHIB) highly anticipated layer-2 project, has more than doubled since last month. According to blockchain tracker Blockscout, Puppynet is displaying explosive growth as over 9.

Shiba Inu Layer-2 Project's Growth Surges As Testnet Transactions Explode to Over 9,500,000: Blockchain Explorer

Tangem, a Swiss-based crypto wallet company, is developing unique cold wallets specifically designed for the Shiba Inu (CRYPTO: SHIB) meme coin. What Happened: The Shiba Inu team confirmed in an official tweet that pre-orders for these card-shaped wallets would be available from May 29.

Shiba Inu Burn Rate Spikes 182% After Card-Shaped Cold Wallets Announced

A leading analytics firm says the current frenzy surrounding the frog-themed memecoin Pepe (PEPE) remains dwarfed by past Shiba Inu (SHIB) and Dogecoin (DOGE) manias. In a new analysis, crypto analytics firm Santiment notes that PEPE's peak daily trading volume in the past few weeks was $2 billion.

Shiba Inu (SHIB) and Dogecoin (DOGE) Still Top Dogs in Memecoin History, Says Analytics Firm – Here's Why

Shiba Inu (CRYPTO: SHIB) was sliding over 1% lower during Tuesday's 24-hour trading session, moving inversely to Dogecoin (CRYPTO: DOGE), which was rising slightly. Shiba Inu's move lower comes amid an increase in the rate at which the tokens are being burned to decrease the overall supply.

News for Shiba Inu Crypto (SHIB)