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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.

On Saturday, the second-largest meme-based cryptocurrency shiba inu has seen a lot of tokens burned during the last 24 hours. According to statistics, the network's burn rate has increased by 26,592% as 1.4 billion SHIB has been destroyed. Shiba Inu Burn Rate Increases Significantly On February 22, a SHIB team member named “Archangel” revealed that […]

Shiba Inu Burn Rate Hits 26,000% in the Last Day, 1.4 Billion SHIB Destroyed in 24 Hours

According to Crypto burn tracker shibburn.com, a record sum of Shiba Inu (CRYPTO: SHIB) has been removed from the circulation. In the last 24 hours, over 1.3 billion Shiba Inu has been burned, which is worth $32,155.

1.3 Billion Shiba Inu Burned In The Last 24 Hours; Burn Rate Up Over 15,000%

The Shiba Inu (CRYPTO: SHIB) team announced that early access to bidding on land in its metaverse would go live this weekend.

Shiba Inu ‘Early Access' Land Bid Event Goes Live This Weekend

PRESS RELEASE. Bitcoin of America has officially announced the newest addition to their Bitcoin ATMs (BTMs). Shiba Inu coin is now available at Bitcoin of America ATM locations. Bitcoin of America has more than 1800 BTMs across 31 states. They recognized the growing popularity of Shiba Inu and decided it was time to include it […]

Popular BTM Operator: Bitcoin of America Welcomes Shiba Inu Coin to Its Bitcoin ATMs

Developers of the meme-based cryptocurrency shared more updates about what's to come for Shiba Inu (CRYPTO: SHIB) this year.

Shiba Inu's Layer 2 Moves To Beta Phase Soon: What You Need To Know

A crypto trader who has built a large following with his timely altcoin calls says that Dogecoin (DOGE) and its biggest competitor are due for big gains. The pseudonymous trader known as Altcoin Sherpa tells his 171,000 Twitter followers that he's aiming to accumulate Shiba Inu (SHIB) with the expectation that DOGE triggers rallies in […] The post Crypto Traders Are Sleeping on Dogecoin Competitor Shiba Inu, According to Analyst – Here's His Strategy appeared first on The Daily Hodl.

Crypto Traders Are Sleeping on Dogecoin Competitor Shiba Inu, According to Analyst – Here's His Strategy

Bitcoin

Dogecoin

PayRange Inc, a leading mobile payment app maker for automated retail, has added capabilities to accept cryptocurrencies.

Bitcoin, Dogecoin And Shiba Inu Now Accepted At 500,000 Vending Machines Across The US

Shiba Inu (CRYPTO: SHIB) will now be available at 1800 cryptocurrency ATMs across 31 states in the U.S.

Shiba Inu Tails Dogecoin To Reach 1,800 Bitcoin Of America ATMs Across US

Shiba Inu, the meme-coin project that mimicked dogecoin, has announced it is launching its own take on the metaverse. The project, called “Shib: The Metaverse,” will introduce more than 100K plots of land to be unlocked at different times. The Shiba Inu team also announced the prices of the plots, which depend on their location, […]

Shiba Inu Presents SHIB Metaverse With Over 100K Land Plots

Ethereum

Chainlink

Ethereum (ETH) whales have accumulated five altcoins as the crypto market improved over the past week. According to the crypto-tracking platform WhaleStats, the top 100 richest ETH addresses' top target over the last week, excluding ETH and stablecoins, was FTX Token (FTT). Over a seven-day timeframe, ETH whales gobbled up an average purchase amount of […] The post Ethereum Whales Piled Into Five Altcoins This Week Amid Crypto Market Turnaround appeared first on The Daily Hodl.

Ethereum Whales Piled Into Five Altcoins This Week Amid Crypto Market Turnaround

The largest Ethereum (CRYPTO: ETH) wallets appeared to be loading up on stablecoins on Thursday.

These 10 Crypto Tokens Were Most Favored By Ethereum Whales Today

With the rebounding of Shiba Inu (CRYPTO: SHIB) prices, Ethereum (CRYPTO: ETHER) whales appear to be making major investments in the meme crypto.

Major Ethereum Whales Betting on Shiba Inu, Buy Up 105.7 Billion SHIB

A bidding event is set to take place over a 72-hour period for those who want to snap up virtual property "in a fresh and undiscovered Shib world."

SHIB Metaverse: Plots of Land Revealed, How Much They'll Cost, and Why They're Priced in ETH

Billy Markus, co-creator of meme-based cryptocurrency Dogecoin (CRYPTO: DOGE), fails to see the utility in some of Shiba Inu's (CRYPTO: SHIB) metaverse plans.

Dogecoin Creator Takes Aim At Shiba Inu For ‘Selling Fake Land' With Ethereum In ‘Random Metaverse'

Shiba Inu (CRYPTO: SHIB) developers have revealed more details about an upcoming metaverse centered around the Ethereum (CRYPTO: ETH)-based token often dubbed as a Dogecoin (CRYPTO:

Dogecoin Rival Shiba Inu Reveals More Details About Metaverse

Shiba Inu's (CRYPTO: SHIB) ShibaDEX decentralized exchange (DEX) launched on the Komodo (CRYPTO: KMD) blockchain allows its users to exchange Shiba Inu for cryptos native to multiple blockchains.

Shiba Inu Makes Peace With Dogecoin? ShibaDEX Decentralized Exchange Unites All Major Memecoins

An active Ethereum (CRYPTO: ETH) whale wallet named “Gimli” has bought another 150 billion Shiba Inu (CRYPTO: SHIB) tokens.

Ethereum Whale Gimlli Buys Another 420 Billion Shiba Inu Tokens

‘ShibaDEX' is said to be the first cross-chain exchange for the millions of Shiba Inu community members.

Komodo's ‘ShibaDEX' Lets Users Trade Shiba Inu for Tokens on Other Chains

Shiba Inu (CRYPTO: SHIB) — a major memecoin that has evolved into a utility token following the launch of non-fungible token (NFT) services and a decentralized exchange (DEX) — really hates its huge circulating supply and tries its best to reduce it as fast as possible.

Shiba Inu Is On Fire: SHIB Burn Rate Up Over 3,000%; 303M Tokens Destroyed In One Day

BIGG Digital Assets Inc (OTC: BBKCF), the owner of Netcoins, an online cryptocurrency exchange in Canada said it is adding Dogecoin (CRYPTO: DOGE) and Shiba Inu (SHIB) al

Dogecoin, Shiba Inu To Now Be Available On This Canadian Crypto Exchange

An Ethereum (CRYPTO: ETH) wallet address holds over 3.9 trillion Shiba Inu (CRYPTO: SHIB) tokens worth $101 million.

Top Shiba Inu Wallet Holds Tokens Worth Over $100M

The meme coin Shiba Inu (CRYPTO: SHIB) has lost almost 55,000 holders in the last 10 days, resulting in a downtrend in its price. On March 15, there were 1,198,789 holders of the memecoin.

DOGE Killer Shiba Inu Loses About 55k Holders In Just 10 Days: Here's What It Means For You

Shiba Inu (SHIB) is a meme coin that is sometimes pitched as a "Dogecoin (CRYPTO: DOGE) killer." The token is the fifteenth largest coin by market cap, according to CoinMarketCap data.

If You Purchased $100 Worth Of Shiba Inu Coin Each Time It Was Listed By A Major Exchange, Here's How Much You'd Have Now

The rate at which Shiba Inu (CRYPTO: SHIB) tokens are burned has sped up drastically over the last few months.

263 Billion Shiba Inu Burned Since October 2021: This New Feature Could Speed Up Token Burns

Dogecoin (CRYPTO: DOGE) and Ethereum (CRYPTO: ETH)-based token Shiba Inu (SHIB) have their own legions, but recent data indicates that waning interest in the two meme cryptocurrencies is paralleled by a d

News for Shiba Inu Crypto (SHIB)