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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.

Dogecoin

A widely followed crypto strategist believes that leading meme coins Shiba Inu (SHIB) and Dogecoin (DOGE) are likely poised to rally together. Psuedoynmous analyst Kaleo tells his 572,200 Twitter followers that Dogecoin is gearing up for a burst to the upside.

Crypto Trader Says Shiba Inu (SHIB) To Erupt Alongside Dogecoin (DOGE) in New Disbelief Rally

Open interest, which can be used to determine market strength behind price trends, jumped to all-time highs in dogecoin terms.

Dogecoin Futures Set Record After Twitter Adopts Shiba Inu Logo

Shiba Inu (CRYPTO: SHIB) was trading mostly flat during Tuesday's 24-hour trading session after rejecting the 50-day simple moving average (SMA) for the fourth straight day in a row. On Monday, Shiba Inu popped up over 8% at one point, likely in response to Dogecoin (CRYPTO: DOGE), which surged about 32% after Elon Musk changed Twitter's icon from a bird to a doge image.

Shiba Inu Consolidates Alongside Dogecoin Following Monday's Sharp Rise: A Technical Analysis

The rise of meme coins has brought a new twist to the world of digital assets. This particular class of cryptocurrency, inspired by internet memes, are created for fun and have no fundamental value.

From Dogecoin To Shiba Inu: This Crypto Wild West Could Make You Rich Or Leave You Penniless

Several huge crypto wallets have simultaneously transferred trillions of the top memecoin Shiba Inu (SHIB) in a flurry of transactions. Whale-watching bot Whale Alert initially witnessed consecutive Shiba Inu transactions to the tune of 6,087,952,185,06 SHIB worth over $65 million. Whale Alert first caught the transfer of 1,920,298,469,247 SHIB worth $20.

Shiba Inu Whale Abruptly Moves 6,087,952,185,063 SHIB in Matter of Seconds – Here's Where the Crypto Is Going

Shiba Inu (CRYPTO: SHIB) is trading higher by 8.06% to $0.00001153 Monday afternoon, according to data from Benzinga Pro.

Why Shiba Inu (SHIB) Is Popping Off

Ethereum

Ether and USD Coin dominate locked tokens on the upstart network.

DeFi Tokens, Shiba Inu Clones Populate zkSync as Locked Value Climbs to $100M

Meme cryptocurrency  Shiba Inu (CRYPTO: SHIB) rose sharply during trading on Saturday morning. What Happened: At the time of writing, the Dogecoin (CRYPTO: DOGE) sibling traded up 2.73% at $0.000011, according to Benzinga Pro data.

Shiba Inu Has Spiked Sharply On Heavy Volume — Here's What's Going On

Shiba Inu (SHIB) price is bearish but fluctuating below the moving average lines.

Shiba Inu Falters But Challenges $0.00001100 Barrier

New data reveals that over a million transactions have already been conducted over Puppynet, the testnet of Shiba Inu's (SHIB) highly anticipated new layer-2 scaling solution, Shibarium. According to blockchain scanner Blockscout, 1,076,331 transactions have taken place over Shibarium's testnet since it launched in its beta form last week.

Shiba Inu's Shibarium Testnet Transactions Explode to Over 1,000,000: SHIB Blockchain Explorer

Over 700,000 transactions have been conducted on the testnet so far, which, however, isn't extremely large relative to the hype.

Shiba Inu's Testnet 'Puppynet' Sees Rising Activity Ahead of Shibarium Mainnet

Shiba Inu's (SHIB) highly anticipated new layer-2 project Shibarium is experiencing an early wave of adoption as new users experiment with its testnet. Shibarium is the Shiba Inu ecosystem's new layer-2 protocol built on top of Ethereum (ETH), similar to Polygon (MATIC). According to blockchain explorer PuppyScan.

Shiba Inu's (SHIB) Shibarium Sees Explosive Growth As Testnet Wallets Break 100,000

A pseudonymous crypto analyst is predicting a strong run in the meme coin market, citing Dogecoin (CRYPTO: DOGE), Floki (CRYPTO: FLOKI), and Shiba Inu (CRYPTO: SHIB) as potential candidates. What Happened: Altcoin Sherpa told his 194,000 followers on Twitter that as long as Bitcoin (CRYPTO: BTC) holds up, altcoins as a whole will continue to experience a strong run.

Analyst Predicts Dogecoin, Shiba Inu And Floki To Rally Up To 100x But 'As Long As Bitcoin Holds Up'

Bone Shibaswap (CRYPTO: BONE), the governance token of meme cryptocurrency Shiba Inu (CRYPTO: SHIB), is up 4% in the last 24 hours, outperforming the top five meme coins such as Dogecoin (CRYPTO: DOGE) and Floki (CRYPTO: FLOKI) by market capitalization. What Happened: At the time of writing, BONE was trading at $1.09.

Shiba Inu's Governance Token Outperforms Dogecoin, Floki — Boosted By Support Expansion From Bermuda

A closely followed crypto trader and analyst is forecasting an upcoming memecoin explosion in the near future as long as Bitcoin (BTC) manages to stand its ground.

Top Trader Says Shiba Inu (SHIB), Dogecoin (DOGE) and One Additional Memecoin Will Run Hard on Next Bitcoin Bounce

Voyager Digital is beginning to cash out U.S. dollars received from the sale of Shiba Inu (CRYPTO: SHIB), Ether (CRYPTO: ETH), and the Voyager Token (CRYPTO: VGX). The assets were sent to the bankrupt cryptocurrency lender, according to on-chain data.

Shiba Inu, Ether And VGX Tokens: What's Happening With Voyager's Crypto Assets?

A leading analytics firm reveals that hundreds of trillions of Shiba Inu (SHIB) tokens are now in the safekeeping of holders with a long-term investment horizon. IntoTheBlock shows that hodlers, or entities that have held their SHIB stacks for over a year, collectively own 687,170,000,000,000 SHIB worth over $7.20 billion.

687,170,000,000,000 Shiba Inu (SHIB) Now in Hands of Long-Term Holders: On-Chain Data

Shiba Inu (CRYPTO: SHIB) was edging slightly lower in consolidation during Tuesday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE), which was holding flat. The $0.00001 area has been holding as an important psychological level since March 15, and although the crypto has been making a series of lower highs, it hasn't been making lower lows.

The Bull, Bear Case For Shiba Inu As The Crypto Heads Towards Decision Time

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) shares are trading lower Monday afternoon amid broader weakness across cryptocurrencies.

Why Dogecoin And Shiba Inu (SHIB) Are Moving

The team behind Shiba Inu's (SHIB) new layer-2 scaling solution says the protocol aims to provide quick and cost-effective transactions. New public documentation reveals that Shibarium, which launched its beta version earlier this month, plans to acheive “true decentralization” by creating a protocol that charges minimal transaction fees, if not zero.

Shiba Inu's Shibarium Aims To Process Transactions in Seconds for Less Than Pennies: New Public Documentation

According to the crypto analytics firm IntoTheBlock, cryptocurrency Shiba Inu (CRYPTO: SHIB) is experiencing a substantial change in large transactions. On Saturday, IntoTheBlock reported that the vast majority of SHIB holders continue to remain underwater on their investments in the asset.

Shiba Inu Sees Major Shift In Large Transactions Processed Through Network

Popular meme coin Shiba Inu (SHIB) is witnessing a major change in the number of large transactions processed through its network, according to the crypto analytics firm IntoTheBlock.

Major Shift in Large Shiba Inu (SHIB) Transactions Underway, According to Crypto Analytics Firm IntoTheBlock

Shiba Inu (SHIB) price is still moving within the bearish trend zone. The 21-day line SMA and resistance at $0.00001100 have both slowed the upside.

Shiba Inu Falls To $0.00001000 And Risks Further Price Decline

Top Ethereum (ETH) whale addresses are now holding more than $600,000,000 worth of meme token Shiba Inu (SHIB), according to on-chain data. The crypto whale-watching site WhaleStats finds that the top 2,000 largest ETH holders have accumulated about 56 trillion SHIB. The Dogecoin (DOGE) rival is trading for $0.00001083 at time of writing.

56,006,787,000,000 Shiba Inu (SHIB) Worth Over $600,000,000 Now Held by Top Ethereum Addresses: WhaleStats

Bitcoin

Crypto whales are reportedly moving hundreds of millions worth of Bitcoin (BTC) and one Shiba Inu (SHIB) competitor out of a top crypto exchange as the markets respond to the Federal Reserve announcing further rate hikes.

News for Shiba Inu Crypto (SHIB)