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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.

Bitcoin

Dogecoin

Ethereum

Meme-based cryptocurrencies saw a fair amount of trading activity across major crypto exchanges over the last day. What Happened: Data shared by Jay Hao, CEO of crypto exchange OKX, shows that Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) saw the largest turnover, right behind Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), on spot trading over the last 24 hours.

Memecoins Shiba Inu, Dogecoin See Most Turnover After Bitcoin, Ethereum On OKX Spot Trading

Crypto analytics firm Santiment is tracking major purchases of popular meme coin Shiba Inu (SHIB) by some of the wealthiest wallets in crypto.

Shiba Inu Whales Abruptly Come to Life As SHIB Rallies 34% in Just One Day: Analytics Firm Santiment

Shiba inu remained close to a three-month high to start the week, after breaking out of a key resistance level over the weekend. The surge of the meme coin came despite the crypto market mostly being in the red on Monday.

Biggest Movers: SHIB Remains Near 3-Month High, Whilst LEO Hits 2-Week High 

Futures tracking the two tokens saw over $25 million in liquidations in the past 24 hours.

Shiba Inu, Dogecoin Jump as Risk-On Behaviour Returns to Crypto Markets

Meme coin Shiba Inu (CRYPTO: SHIB) saw nearly $6 million worth of liquidations over 24 hours late Sunday. What Happened: SHIB surged from an intra-day low of $0.00001272 to a three-month high of $0.00001743 on Sunday, as per data from Benzinga Pro.

Shiba Inu (SHIB) Sees $13.7M Liquidated As Price Surges 36%

The two largest cryptocurrerncies treaded red waters Sunday evening as the global cryptocurrency market cap fell 0.7% to $1.2 trillion. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) -0.3% 5% $24,334.90 Ethereum (CRYPTO: ETH) -2.4% 13.8% $1,934.15 Dogecoin (CRYPTO: DOGE) 11.3% 17.7% $0.08 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Shiba Inu (SHIB) +32.4% $0.00002 Chiliz (CHZ) +14.7% $0.18 Dogecoin (DOGE) +11.3% ​​$0.08 See Also: How To Get Free NFTs Why It Matters: As the weekend euphoria died down — during which Bitcoin failed to cross the $25,000 mark but Ethereum pushed past the psychologically important $2,000 level — meme coins were left partying alone.

Dogecoin, Shiba Inu Strike Big Gains In Meme Coin Bonaza As Bitcoin, Ethereum Retreat — Analyst Points To An 'Interesting' Pattern

Capital in the crypto markets is shifting to meme coins as a new week kicks off. The Ethereum-based dog-themed crypto asset Shiba Inu (SHIB) soared 40% in the last 24-hours, briefly shattering a $10,000,000,000 market cap. The Dogecoin (DOGE) rival's rise from $0.00001259 to as high as $0.

Dogecoin Competitor Shiba Inu Erupts, Hitting $10,000,000,000 Market Cap As Bitcoin and Ethereum Tap Resistance

With $3.41 billion in trading volume over the last 24 hours, SHIB hit highs not seen since May.

Shiba Inu Spikes 30% On Sunday, Dogecoin Climbs

Developers behind meme coin Shiba Inu (CRYPTO: SHIB) have revealed the name of the upcoming Shiba Inu collectible card game – Shiba Eternity. What Happened: In an update on Twitter, developers announced that they are working with Australian game developer PlaySide Studios to release the Shiba Eternity game on both the Apple Inc (NASDAQ: AAPL) App Store and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) Play Store.

Shiba Inu Unveils New Game To Be Launched For iPhone And Android Users

Ethereum (ETH) whales are aggressively increasing their holdings of a Dogecoin (DOGE) rival as the crypto market stages a modest recovery.

Ethereum Whales Pile Into Dogecoin Competitor Shiba Inu As Holdings Explode by Over 500%

Shiba Inu (CRYPTO: SHIB) saw one of its largest-ever liquidation days on record on Thursday. What Happened: According to data from CoinGlass, $16.84 million SHIB short positions were liquidated on July 28.

Shiba Inu Sees Nearly $17M Shorts Liquidated Over 24 Hours

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) were falling about 2% each during Tuesday's 24-hour trading session, in tandem with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which were declining about 1.5% and 3.5%, respectively. American billionaire entrepreneur and television personality Mark Cuban said recently that Dogecoin's popularity has been waning, as evidenced by a decrease in Dogecoin transactions for Dallas Mavericks' tickets and merchandise.

Still Tight With Dogecoin, Shiba Inu? A Look At The Cryptos As Popularity Wanes

The team behind meme-based cryptocurrency Shiba Inu (CRYPTO: SHIB) issued an important update about its token burn portal. What Happened: In a July 24 blog, the SHIB developers said they had been monitoring the issues with the SHIB token burn portal in lieu of receiving a high yield of tickets from “increasingly frustrated users.

Shiba Inu (SHIB) Developers Address Burn Portal Issues To 'Increasingly Frustrated Users'

Litecoin

Polygon

Uniswap

A closely followed crypto strategist is issuing a warning to investors saying that a handful of altcoins appear poised for a corrective move after rallying over the last two weeks.

Shiba Inu, Litecoin, The Sandbox and Two Additional Altcoins Setting Up for Pullbacks: Top Crypto Analyst

Shibburn has reported that close to 149.6 million Shiba Inu (CRYPTO: SHIB) tokens have been destroyed and moved to unspendable wallets.  In the last 48 hours, the most significant chunk of this, about 87 million SHIB, has been moved to dead wallets in a dozen transactions.

Shib Army Burns 150M Shiba Inu, Number Of SHIB Holders Reaches To New High

The lead developer behind the Shiba Inu (CRYPTO: SHIB) meme cryptocurrency, Shytoshi Kusama, has promised a 'special treat' for the Shiba Army in Vietnam. What Happened: Calling out Vietnamese Shiba followers on Twitter, Kusama wrote, "I have a special treat for Vietnam soon.

Shiba Inu (SHIB) Team Teases 'Special Treat' For Vietnam

Ethereum (CRYPTO: ETH) creator Vitalik Buterin expressed his gratitude to the Shiba Inu (CRYPTO: SHIB) community on Wednesday. What Happened: “Big thanks to the Shiba Inu community,” said Buterin in a Twitter post, crediting them for making AI Existential Safety Ph.D.

Why Vitalik Buterin Has Extended A 'Big Thanks' To Shiba Inu (SHIB) Community

Buterin used part of the shiba inu tokens sent to him by developers as a gift to fund the fellowship.

Vitalik Buterin Thanks Shiba Inu Community as Grant Program Begins

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) soared up over 11% and 8%, respectively, on Wednesday before running into groups of sellers that knocked both cryptos down to near flat. Shiba Inu received a boost on a shout out from Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin on Twitter Wednesday morning.

What's Going On With Dogecoin, Shiba Inu After Vitalik Buterin Gives One Crypto A Boost?

Ethereum's co-founder was gifted billions of dollars in Shiba Inu tokens. But he decided to dedicate them to a good cause.

Ethereum's Vitalik Buterin Thanks SHIB Community for Helping Fund Fellowship Program

Bitcoin Cash

Shiba inu was trading close to a two-month high on Tuesday, despite prices marginally falling from yesterday's peak. As of writing, prices of the meme coin remained elevated, despite earlier gains easing. Bitcoin cash was also higher, rising for a seventh consecutive session.

Biggest Movers: SHIB Remains Close to 2-Month High, as BCH Extends Recent Gains

Lead developers of the Shiba Inu (CRYPTO: SHIB) metaverse announced the addition of a new advisor to its team. What Happened: In an update on Twitter, Shiba Inu's Shytoshi Kusama said the metaverse team had brought on David Kern – a former technical artist at Sony Group Corp's (OTC: SNEJF) Zipper Interactive.

Shiba Inu Makes 'Huge Addition' To Metaverse Team: What You Should Know

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in, or thinking about as they manage and build their personal portfolios. This week we posed the following question to over 1,000 Benzinga visitors on cryptocurrency investing: By the end of the year, will Shiba Inu (CRYPTO: SHIB) or Dogecoin (CRYPTO: DOGE) grow more?

So Will Shiba Inu (SHIB) Or Dogecoin Rise More By 2023? 6 In 10 Say.

Shares of several popular altcoins, including Shiba Inu (CRYPTO: SHIB), are trading lower Monday in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto, Ethereum (CRYPTO: ETH). The broader cryptocurrency sector was lower throughout weekend trading, and volatile throughout Monday's trading session amid ongoing U.S. economic concerns and ahead of this week's CPI report.

Why Dogecoin Spin-Off Shiba Inu (SHIB) Is Nosediving Today

Shiba Inu (CRYPTO: SHIB) has been making numerous strategic advances to enhance its ecosystems, including its Layer 2 Shibarium and its stablecoin set to release this year. What Happened: The famous meme coin Shiba Inu has grown by over 50,000,000% in the past 2 years.

News for Shiba Inu Crypto (SHIB)