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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 meme coin is the most popular non-stablecoin asset for newly funded wallets.

SHIB a Favorite Holding Among New Crypto Wallets, Nansen Shows

Shiba inu surged to a multi-month high on Wednesday, as the meme coin collided with a key price ceiling. Prices rose by as much as 17% in today's session, as the global cryptocurrency market cap also trended higher.

Biggest Movers: SHIB Surges to Fresh 2-Month High on Wednesday

Ethereum

Ether reached a local high while shiba inu continues its momentum from Sunday, the memecoin jumped 15% in the past day. The post Shiba inu jumps 15% as ether trades around $1,600 following PPI release appeared first on The Block.

Shiba inu jumps 15% as ether trades around $1,600 following PPI release

Bitcoin

Bitcoin (CRYPTO: BTC) traded slightly higher this morning, with the cryptocurrency prices trading above the $21,300 level on Wednesday. Ethereum (CRYPTO: ETH), also traded higher, near the key $1,600 mark on Wednesday.

Bitcoin Trades Above This Key Level; Shiba Inu Emerges As Top Gainer

The dog-themed crypto asset Shiba Inu (SHIB) is surging amid a steady stream of hype on the project's plans to create its own ecosystem. SHIB is up 21% in the last 24-hours and up 55% in the last two weeks as developers tease the Shibarium protocol.

Shiba Inu (SHIB) Erupts As Crypto Project Prepares to Launch Layer-2 Beta

The crypto market's second-largest meme coin by market cap Shiba Inu (SHIB) has enjoyed a hefty overnight rally of more than 15%.

SHIB Leads Crypto Markets, Soaring More Than 15% Overnight

Litecoin

Shiba Inu (CRYPTO: SHIB) surpassed Litecoin (CRYPTO: LTC) to become the thirteenth largest cryptocurrency by market capitalization early on Wednesday. What Happened: At the time of writing, SHIB's market cap stood at $6.9 billion, while Litecoin's market cap was at $6.3 billion.

Shiba Inu Edges Out Litecoin As 13th Biggest Crypto With 19% Surge

Bone ShibaSwap (CRYPTO: BONE) has soared 13% in the last 24 hours, reaching a 90-day high, trading at $1.54.  What Happened: The crypto markets are head-over-heels for meme tokens, with SHIB and Dogecoin (CRYPTO: DOGE) recording big gains in the last 24 hours.

Shiba Inu Governance Token Rallies 13% To 90-Day High On Shibarium Testnet Update

Shiba Inu (CRYPTO: SHIB) flipped Curve DAO (CRYPTO: CRV), becoming the most-traded token among top 100 Ethereum (CRYPTO: ETH) whales. What Happened: Shiba Inu saw a spike in its price after short bets worth nearly $790,000 were liquidated in the last 12 hours.

Dogecoin 'Killer' Flips Curve DAO As Most-Traded Token Among Top ETH Whales

Shiba Inu (CRYPTO: SHIB), an Ethereum (CRYPTO: ETH)-based meme coin, saw a spike in its price after short bets worth nearly $790,000 were liquidated. What Happened: Coinglass data indicated that $788,000 worth of shorts were liquidated over a 12-hour period leading up to the time of writing.

Shiba Inu Shorts Suffer Massive Liquidations As Meme Coin Spikes 19%

Dogecoin

Shiba Inu (CRYPTO: SHIB) was popping up about 1.7% higher during Tuesday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE), which was trading slightly higher. Both Shiba Inu-inspired cryptos had been consolidating since Sunday, along with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Shiba Inu Consolidates With Dogecoin, Bitcoin — Can The Crypto Regain This Bellwether?

Dogecoin (DOGE) rival Shiba Inu (SHIB) is offering more details on the status of the much-hyped Shibarium project. In a new blog post, the project says that the beta version of the SHIB ecosystem's proposed layer-2 scaling protocol is “about to be launched.

Dogecoin (DOGE) Rival Shiba Inu (SHIB) Gives Big Update on Details Behind New Shibarium Project

A new token slated to power the Shibarium Shiba Inu (SHIB) layer-2 ecosystem is leaping in price to start the new year. Bone ShibaSwap (BONE), the utility token to be used for Shibarium's transaction fees and other activities, is trading for $1.

Altcoin From Shiba Inu (SHIB) Ecosystem Nearly Doubles in Price To Start the Year Ahead of Shibarium Release

The largest Ethereum (ETH) whales are heavily invested in the popular memecoin Shiba Inu (SHIB) as the crypto markets flash signs of life, according to on-chain data.

Shiba Inu Becomes Top Altcoin Among Ethereum Whales As Crypto Markets Awaken: WhaleStats

Shiba Inu (CRYPTO: SHIB) is back among the most-held crypto under the top 100 Ethereum (CRYPTO: ETH) whales ahead of the much-anticipated Shibarium launch. What Happened: According to Whalestats , SHIB ranks third among the other holdings by the top 100 ETH whales.

Why Shiba Inu Is Back On Top 3 Holdings Of Major Ethereum Whales

The meme token shiba inu has seen a rise against the U.S. dollar during the last seven days as the coin's supporters anticipate the beta launch of the layer two (L2) scaling solution Shibarium. Developers detailed on Jan.

SHIB Token Sees Rise Ahead of Shibarium Beta Launch

Solana

Solana started the week trading near a two-month high, as momentum remained marginally bullish, despite market consolidation. The global cryptocurrency market cap is currently trading 0.98% higher as of writing. Shiba inu also traded close to recent highs, despite declines on Monday.

Biggest Movers: SOL, SHIB Remain Near Multi-Month Highs, Despite Market Consolidation

The global crypto market cap is above $1 billion as cryptocurrencies stay in the green. The post Shiba Inu rises after announcing Layer 2 launch as bone token pops; US markets closed appeared first on The Block.

Shiba Inu rises after announcing Layer 2 launch as bone token pops; US markets closed

The Shiba Inu team announced on Sunday that the ecosystem's speedy layer-2 upgrade Shibarium is just around the corner.

SHIB Team Says Layer-2 Network Shibarium to Launch ‘Soon'

Shiba Inu (CRYPTO: SHIB) soared by as much as 6%, outperforming other leading meme cryptocurrencies such as Dogecoin (CRYPTO: DOGE) and Dogelon Mars (CRYPTO: ELON) on Monday. What Happened: Shiba Inu's lead developer Shytoshi Kusama made a post on Shibarium.

Shiba Inu Token Soars As Lead Developer Reveals Long-Awaited Layer-2 Solution

Shiba Inu will soon launch a beta for its planned Ethereum Layer 2 network called Shibarium with bone tokens used for transaction fees. The post Shiba Inu about to launch Ethereum Layer 2 network Shibarium in beta appeared first on The Block.

Shiba Inu about to launch Ethereum Layer 2 network Shibarium in beta

The biggest Ethereum (ETH) whales in existence are eyeing up Dogecoin (DOGE) rival Shiba Inu (SHIB), according to on-chain data. Keeping track of the 500 biggest whales on the Ethereum network, blockchain tracker service WhaleStats says that SHIB is the third largest holding among the cohort, excluding stablecoins and staked Ether (stETH).

Largest Ethereum Whales Pounce on Shiba Inu, Accumulate Over $85,500,000 Worth of SHIB: On-Chain Data

Ecosystem tokens shiba inu, leash and bone will serve as the the upcoming Ethereum-based blockchain.

Shiba Inu Developers Reveal First Look of Layer 2 Blockchain Shibarium

Bonk

The two largest memecoins by market cap are looking to outrun a new Solana-based rival. Dogecoin (DOGE) and Shiba Inu (SHIB) surged alongside Bitcoin and the broader market over the past week, leaving the new much-hyped dog-themed altcoin Bonk (BONK) in the rear view mirror.

Dogecoin and Shiba Inu Battle Solana-Based Memecoin That's Surged 787% in Two Weeks

Solana surged by as much as 30% on Saturday, setting a fresh multi-month high in the process. The move comes as cryptocurrency markets were significantly bullish to start the weekend, with the global market cap 8.28% higher as of writing. Shiba inu was trading at its strongest point since November.

News for Shiba Inu Crypto (SHIB)