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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.

Cardano

A handful of crypto assets are witnessing a surge in social media interest despite the market's price struggles this week, according to the analytics firm Santiment.

Cardano (ADA), Shiba Inu (SHIB) and XRP See Surge of Interest As Crypto Markets Dip: Analytics Firm Santiment

Dogecoin

Avalanche

Solana

Neobank Revolut has expanded its crypto investment offering, adding 29 new tokens for its American customers. The post Revolut expands U.S. crypto offering, adding 29 tokens including dogecoin appeared first on The Block.

Revolut expands U.S. crypto offering, adding 29 tokens including dogecoin

An Ethereum-based memecoin rumored to be created by the same developer behind Dogecoin (DOGE) competitor Shiba Inu (SHIB) has pulled off enormous gains over the past month while the rest of the crypto markets trade down or sideways. Since the beginning of August, Dejitaru Tsuka (TSUKA) is up over 300%, going from $0.024 to $0.

Altcoin Thought To Be Masterminded by Shiba Inu (SHIB) Creator Quietly Skyrockets Nearly 300% in a Month

Cosmos

Shiba inu moved to a three-week high on Friday, as crypto markets surged during today's session. Markets were mainly in the green, as bullish sentiment returned to end the week. Cosmos was a notable mover once again, as the token rose by over 20% today.

Biggest Movers: SHIB Hits 3-Week High, ATOM up by Over 20% Today

Shiba Inu (CRYPTO: SHIB) has potentially compromised infrastructure, according to research from the cloud security platform PingSafe. What Happened: Pingsafe's research framework discovered a leaked Shiba Inu Amazon Web Services (AWS) account credential on a public code repository, wrote the cloud security platform's founder Anand Prakash in a blog post.

Shiba Inu Cloud Credentials Leaked On Public Domain, Says Security Researcher

An anonymous Ethereum (CRYPTO: ETH) wallet acquired more than 3 trillion Shiba Inu (CRYPTO: SHIB) tokens in a single transaction.  What Happened: Blockchain data from Etherscan shows that a mysterious wallet address acquired 3.37 trillion SHIB tokens worth $42 million on Tuesday.

3 Trillion Shiba Inu (SHIB) Acquired By Mysterious Wallet In Single Transaction

Ethereum Classic

Binance Coin (CRYPTO: BNB) was rebounding almost 3% during Wednesday's 24-hour trading session, more in tandem with the S&P 500 than Bitcoin (CRYPTO: BTC). Ethereum Classic (CRYPTO: ETC) and Shiba Inu (CRYPTO: SHIB) were also enjoying a strong recovery, with the former spiking up over 5% and the latter trading over 2% higher.

Binance Coin, Ethereum Classic, Shiba Inu Stage Strong Rebounds: What's Happening?

Ethereum

A closely followed crypto analyst is predicting a price surge for Cardano (ADA) while updating his forecasts for Ethereum (ETH) and Shiba Inu (SHIB). The pseudonymous analyst Altcoin Sherpa tells his 182,600 Twitter followers that he believes smart contract platform Cardano is in a sideways accumulation phase and that a rally close to $0.

Top Crypto Analyst Predicts Rally for Cardano (ADA), Updates Outlook on Ethereum (ETH) and Shiba Inu (SHIB)

The developers of Shiba Inu (CRYPTO: SHIB) have unwrapped yet another concept for its metaverse project.  In the latest blog post, the team mentioned the model of the upcoming metaverse project called "SHIB: The Metaverse WAGMI Temple," a short form for “We're All Gonna Make It.

What Is The Shiba Inu WAGMI Temple? A Zen-Like Universe In The Metaverse

Mad Money host Jim Cramer warned investors to stay away from altcoins like Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) and a host of other cryptocurrencies that did not live up to expectations.  What Happened: In a recent segment of CNBC's Mad Money, Cramer said that it was time to question the fundamentals of cryptocurrency.

Jim Cramer Says Stay Away From Dogecoin And Shiba Inu, Making Money In Crypto Doesn't Mean It's For Real

There will be a good buying opportunity for Dogecoin (CRYPTO: DOGE) if rival meme coin Shiba Inu (CRYPTO: SHIB) begins to rally, according to an analysis by a popular cryptocurrency trader. What Happened: Pseudonymous cryptocurrency trader and analyst Altcoin Sherpa shared an analysis of altcoins charts with his 182,000 followers in a video earlier this week.

Dogecoin (DOGE) Will Follow If Shiba Inu (SHIB) Rallies Really Hard, Says Crypto Analyst

Polkadot

Polygon

Uniswap

CNBC host Jim Cramer is advising investors to avoid meme assets and altcoins after the Federal Reserve announced further interest rate hikes. In a new Mad Money segment, Cramer says that investors should steer clear from meme tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB).

CNBC's Jim Cramer Warns Investors Should Stay Away From Dogecoin, Shiba Inu and Over a Dozen Other Altcoins

Binance Coin (CRYPTO: BNB) was trading more than 3.75% higher at one point during Thursday's 24-hour trading session, in tandem with Bitcoin (CRYPTO: BTC), which temporarily jumped 2% alongside a slight increase on the S&P 500. Ethereum Classic (CRYPTO: ETC) and Shiba Inu (CRYPTO: SHIB) reacted more bullishly to the upward swing across the markets, trading more than 7% and 13% higher, respectively, on higher-than-average volume.

What To Watch On Binance Coin, Ethereum Classic, Shiba Inu As Jackson Hole Symposium Approaches

Shiba inu was trading over 10% higher during Thursday's session, as the token rallied to a one-week high. Following a week's worth of consolidation, the meme coin bounced from a key support level, moving closer to a resistance point of $0.00001500. Ethereum classic was also in the green, climbing for a fifth consecutive session.

Biggest Movers: SHIB Bounces From Key Price Floor, Climbing to 1-Week High

Meme coin Shiba Inu leads the gains among the top 20 cryptocurrencies as its rapid token burn diminishes supply.

SHIB Jumps 9% As Token Burn Intensifies

Shiba Inu's (CRYPTO: SHIB) decentralized exchange (DEX), ShibaSwap, has seen its trading volume decline by over $1.5 billion since it first launched last year. What Happened: Data from Dune Analytics shows ShibaSwap's monthly trading volume for July was 311 million, an 80% decline from the $1.85.billion it recorded in July 2021.

Shiba Inu DEX Trading Volume Crashes 89% In Year

On-chain data shows that the richest Ethereum (CRYPTO: ETH) whales have been selling a large amount of Shiba Inu (CRYPTO: SHIB) tokens over the last two days. What Happened: ETH Whales sold 1.5 trillion SHIB tokens worth $20 million, as per data from blockchain wallet tracker Whale Stats.

Ethereum Whales Sold 1.5 Trillion Shiba Inu (SHIB) Tokens In 2 Days

Bitcoin

Veteran trader Peter Brandt is offering up his latest take on Bitcoin (BTC) and Dogecoin (DOGE) competitor Shiba Inu (SHIB). Brandt tells his 674,000 Twitter followers that SHIB has just completed an inverse head and shoulders (IH&S) pattern, a traditionally bullish formation that suggests the end of a downtrend.

Legendary Trader Peter Brandt Updates Outlook on Shiba Inu (SHIB), Says Bitcoin (BTC) Can Go Lower After Calling Crypto Crash

Popular dog-themed meme coins SHIB and Dogecoin have plummeted double-digits over the week as the crypto winter continues.

Meme Coins SHIB, Dogecoin Shed Double-Digits Over The Week

Following three consecutive days of declines, shiba inu rebounded on Saturday, as the meme coin appears to have found a support point. Cosmos was also higher, in what has mostly been a bearish start to the weekend. As of writing, the global crypto market cap is down 1.31%.

Biggest Movers: SHIB Rebounds on Saturday, as ATOM Moves Away From 3-Week Low

The dog-themed meme coin has been on a tear over the last week, even as the wider crypto market crashed amid a wave of liquidations.

SHIB Up 4.5%, Defying Wider Crypto Market Slump

A significant amount of Shiba Inu (CRYPTO: SHIB) was burned over the last 24 hours. What Happened: The Shiba Inu burn rate surged 1167% on Thursday, as per data from token burn tracking portal Shibburn.

Shiba Inu Burn Rate Surges 1167% In A Day

A popular analyst is providing price target updates for a handful of crypto assets as the markets fight to wrap up the week in positive territory.

Here's What's Next for Bitcoin, Ethereum, Binance Coin and a Leading Dogecoin Rival, According to Crypto Trader

Although Dogecoin and Shiba Inu posted losses in the past 24 hours, both meme coins are still boasting solid gains over the last week.

Shiba Inu, Dogecoin Up Double-Digits Over the Week

Historically, meme token rallies have been predictors of market tops analogous to record-setting art auction prices in traditional finance. This time it may be different.

News for Shiba Inu Crypto (SHIB)