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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.

Binance added SHIB as a collateral asset, while its developers are working hard to shed the meme coin status.

SHIB Surges 10% Over the Week Amid Push for Identity Service, Binance Integration

Cryptocurrency exchange Binance (CRYPTO: BNB) on Friday announced the approval of Shiba Inu (CRYPTO: SHIB), Compound (CRYPTO: COMP), and Theta (CRYPTO: THETA) as collateral assets. This move is part of Binance's ongoing efforts to expand its Flexible Loan and VIP Loan services.

Binance's Decision To Accept SHIB, COMP, And THETA As Collateral Assets Signals Growing Acceptance Of Meme Coins

Shiba Inu (CRYPTO: SHIB) is up 3% in the last 24 hours, outperforming top meme cryptocurrencies such as Dogecoin (CRYPTO: DOGE) and Pepe Coin (CRYPTO: PEPE). What Happened: The rise in spike comes after meme coin Shiba Inu's lead developer, on Wednesday, said it is planning to integrate Self-Sovereign Identity (SSI) into its protocols.

Shiba Inu Outperforms Dogecoin, Pepe Coin After This New Development — Here's Why It Is Up 3% Today

According to a blockchain representative, the Shiba Inu ecosystem intends to link all applications to a blockchain-based digital identity.

Shiba Inu Devs Working on Blockchain-Based Digital Identity Application

Shiba Inu (CRYPTO: SHIB) climbed almost 2% higher during Thursday's 24-hour trading session, showing strength compared to Dogecoin (CRYPTO: DOGE), which was struggling to trade flat after being pressured downwards earlier in the session. The crypto, dubbed the “Dogecoin Killer,” was moving higher on lower-than-average volume, which suggests consolidation.

Shiba Inu Climbs Higher, Outpaces Dogecoin: The Bull, Bear Case For The Crypto.

Shiba Inu devs announced plans to tie digital identity services to all SHIB platform applications in a move to leave its meme coin status.

SHIB Developers Aim to Leave Meme Coin Label Behind With New Identity Protocol Launch

Meme coin Shiba Inu (CRYPTO: SHIB) is planning to integrate Self-Sovereign Identity (SSI) into its protocols, a move expected to enhance the security of the network and provide users with more control over their digital identities. Shytoshi Kusama, the project's lead developer, stated that the integration of SSI is part of a broader mission to reimagine and redefine finance, trust, and identity for the digital age.

Shiba Inu Unveils Security Enhancement With Decentralized Identity Verification

Digital identity verification will be a part of all Shiba Inu developments in the future, including on the upcoming Shibarium layer 2 blockchain.

Shiba Inu Takes Step to Become DeFi Contender, Will Add Digital IDs to Ecosystem Projects

Dogecoin

Pepe

Pepe Coin (CRYPTO: PEPE) is up 6%, outperforming Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) in the last 24 hours. What Happened: At the time of writing, PEPE was trading at $0.000001288, which means owning $1.29 can make someone a PEPE millionaire, with $1 worth of PEPE equivalent to 775,795.19 Dogecoin and Shiba Inu were up 1.18% and 1.64% respectively in the past 24 hours.

Pepe Coin Jumps 6%, Leaves Dogecoin, Shiba Inu Trailing In The Dust — Can $1 Make You A PEPE Millionaire Today?

Bone ShibaSwap (CRYPTO: BONE) token within the Shiba Inu (CRYPTO: SHIB) ecosystem has outperformed popular meme coins like Dogecoin (CRYPTO: DOGE) and Pepe Coin (CRYPTO: PEPE), rising by 4% in the last 24 hours. What Happened: This surge in value comes after Shytoshi Kusama, SHIB lead developer on Monday announced plans to bolster the operations of Shibarium, an upcoming Layer 2 blockchain, by minting the remaining supply of BONE tokens and subsequently renouncing the BONE contract.

Shiba Inu Sister Token Spikes 4%, Outperforms DOGE and PEPE, After Lead Developer Says BONE To Serve As Passport To Shibarium

Shiba inu remained close to a two-month high to start the week, as sentiment in the meme coin remained mostly bullish on Monday. This comes despite the global cryptocurrency market cap mostly consolidating in today's session. Bitcoin cash was another notable exception, as the price rose by over 4%.

Biggest Movers: SHIB Stays Close to Recent 2-Month High on Monday

New data from market analytics platform Santiment reveals that mid size crypto investors have been scooping up Shiba Inu (SHIB) at a rapid rate over the last two months.

Shiba Inu Sharks and Dolphins Rapidly Gobble Up SHIB in Two-Month Long Accumulation: Santiment

The price of Shiba Inu (SHIB) continues to fluctuate in a range between $0.00000650 and $0.00000850.

Shiba Inu Cannot Exceed The Range Of $0.00000850

Dogecoin (DOGE) rival Shiba Inu (SHIB) and its affiliated Bone ShibaSwap (BONE) are both up this week, defying a larger downward crypto market trend. SHIB is trading at $0.000008 at time of writing, up around 6% in the past 24 hours and the same amount in the past seven days.

Shiba Inu (SHIB) and Bone ShibaSwap (BONE) Jump Amid Shibarium Beta Bridge Release, Defying Crypto Market Trend

Shiba Inu (CRYPTO: SHIB) is seeing a sharp spike early Saturday, outperforming several of its bigger cryptocurrency counterparts. The Shiba Inu Price Action: Shiba Inu, the dog-themed meme crypto, has been consolidating around the $0.0000076-$0.0000081range since mid-July.

Shiba Inu Extends Rally For Second Straight Day — Here's What's Going On With The Meme Coin

Dogecoin snapped a three-day losing streak on Saturday, as the meme coin found a point of support. The move came as X, formerly Twitter, continued its re-brand by showcasing its new logo over the San Francisco skyline. Shiba inu surged by over 5% today.

Biggest Movers: DOGE Rebounds, as SHIB Surges 5% Higher on Saturday

Ethereum

Shibarium is one step closer to launch, and Doge-themed meme coins are reaping the benefits.

SHIB Devs Begin Testing Shibarium to Ethereum Bridge

Shiba inu was a notable gainer on Friday, climbing to a two-week high during today's session in the process. The move came as the meme coin rose by as much as 6%, despite the global crypto market cap mostly consolidating. Tron rose for a fourth straight session today.

Biggest Movers: SHIB Surges to 2-Week High on Friday, Whilst TRX Extends Gains

The top 100 largest Ethereum (CRYPTO: ETH) whales are known for their holdings and diverse investments. While stablecoins dominate their portfolios, Shiba Inu (CRYPTO: SHIB) stands out as the largest non-stablecoin token holding among these whales.

Shiba Inu Emerges As Top Choice For Ethereum Whales, Despite Majority Of SHIB Investors Facing Losses

The Shiba Inu-based layer 2 blockchain is expected to start operations next month.

Shibarium Blockchain's Ethereum Bridge Goes Live for Testing as SHIB Tries to Shed Meme Coin Tag

The highly anticipated layer-2 scaling solution of popular meme asset Shiba Inu (SHIB) is releasing a beta bridge for public use. According to SHIB marketing specialist Lucie, Shibarium's revolutionary cross-chain bridge is now online and available for public testing. However, Lucie warns users not to use their real crypto assets to test out the bridge.

Highly-Anticipated Shiba Inu (SHIB) Shibarium Project Releases Beta Bridge for Public Use

Bitcoin

Chainlink

A widely followed crypto trader believes that today and tomorrow's price action for Bitcoin (BTC) are of major importance. Crypto analyst Michaël van de Poppe tells his 661,300 Twitter followers that BTC's price action will be determined by the US's personal consumption expenditure (PCE) and gross domestic product (GDP) numbers, both released today.

Crypto Analyst Breaks Down Bitcoin (BTC), Chainlink (LINK) and Shiba Inu (SHIB) Rival Dogecoin (DOGE)

ApeCoin

Crypto analytics platform Santiment says that three memecoins are taking off even as Bitcoin's (BTC) price declines. Santiment says that the market caps are increasing for memecoin projects Dogecoin (DOGE), Shiba Inu (SHIB) and ApeCoin (APE). APE is the digital asset associated with the Bored Ape Yacht Club non-fungible token (NFT) collection.

Memecoin Magic Heating Up As Dogecoin, Shiba Inu and Apecoin Social Buzz Rises, Says Analytics Firm

The top meme cryptocurrency assets, as ranked by market capitalization, have increased in value by $759 million over the past 30 days. Dogecoin (DOGE), leading the pack of meme coins, has risen more than 10% in the last month.

Meme Coin Economy Grows by $759M in 30 Days: DOGE and SHIB Still Dominate the Market

Cryptocurrency analysts of Coinidol.com report, Shiba Inu (SHIB) is trapped at the upper end of the price range and continues to move between $0.00000650 and $0.00000800.

News for Shiba Inu Crypto (SHIB)