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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.

Only a minority of Shiba Inu (SHIB) holders are currently in profit as the meme coin rests nearly 70% off its all-time high, according to cryptocurrency analytics platform IntoTheBlock. To determine which holders are currently nursing losses, IntotheBlock looked at wallets with a Shiba Inu balance, identified the average purchase amount of the coins, and […] The post Majority of Shiba Inu Holders Now Nursing Losses Amid SHIB's Sustained Downtrend, According to Insights Firm IntoTheBlock appeared first on The Daily Hodl.

Majority of Shiba Inu Holders Now Nursing Losses Amid SHIB's Sustained Downtrend, According to Insights Firm IntoTheBlock

Meme coins, are cryptocurrencies born out of jokes and memes, an idea that appeals to niche groups of speculators. While many investors saw success with cryptos like Dogecoin (CRYPTO: DOGE), alternative investors are seeking to uncover fortune in other altcoins.

10 Things You May Not Know About Shiba Inu And Floki Inu

Dogecoin

AMC Entertainment Holdings Inc. (NYSE: AMC) has provided an update on when the movie theater chain plans to accept Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO:

AMC CEO Gives A Timeline On When Movie Theater Chain Will 'Routinely' Accept Dogecoin, Shiba Inu For All Payments

The CEO of the world's largest movie exhibition company, AMC Entertainment, says his company is on track to accept meme cryptocurrencies dogecoin (DOGE) and shiba inu (SHIB) in the first quarter of this year. Dogecoin and Shiba Inu Coming to AMC Theatres Soon The CEO of AMC Theatres, Adam Aaron, has provided an update on […]

AMC Theatres on Track to Accept Dogecoin and Shiba Inu Payments in Q1, CEO Confirms

Shiba Inu (CRYPTO: SHIB) dropped 8.2% to $0.000029 over 24 hours leading up to early Thursday morning.

Why Is Shiba Inu Dropping To The Ground Today And Could Topping This Level Decisively Save Its Bacon?

Shiba Inu (CRYPTO: SHIB) is trading lower Wednesday along with Dogecoin (CRYPTO: DOGE), one of the meme crypto's inspirations.

Shiba Inu Trending Down With Dogecoin, But A Breakout May Be Near: Technical Analysis

The Best Daily Overview Of The Crypto Space

Battle Of The Coins: Dogecoin Vs. Shiba Inu—Which Is A Better Investment?

Bitcoin

Ethereum

Even as India is working on legislation to ban cryptocurrency trading, an index that tracks the performance of major cryptos has been launched in the country.

Crypto Index Launches In India, Tracking Top 15 Currencies Including Bitcoin, Ethereum, Doge, and Shiba Inu

Shiba Inu (CRYPTO: SHIB) tokens are constantly burned by the community, but the meme-based cryptocurrency hasn't managed to reverse its declining price trend.

410 Trillion Shiba Inu Tokens Have Been Burned, Price Remains Stagnant

The top 1,000 non-exchange Ethereum (ETH) whales seem to have a consensus about which altcoins they like the best. Data from the crypto tracker WhaleStats indicates the popular meme coin Shiba Inu (SHIB) and five other cryptocurrencies make up more than 50% of the non-ETH holdings of the largest Ethereum addresses. The top 1,000 ETH […] The post Shiba Inu (SHIB) and Several Additional Altcoins Now Make Up Over Half of Ethereum Whale Holdings appeared first on The Daily Hodl.

Shiba Inu (SHIB) and Several Additional Altcoins Now Make Up Over Half of Ethereum Whale Holdings

Terra

Solana

Bitcoin, Ethereum, SHIB, and other major coins in the top 10 are starting 2022 in the red—but they're still up big from this time a year ago.

Bitcoin, Ethereum, Solana, Terra, SHIB See Sluggish Start to New Year

Popular meme crypto project Shiba Inu (SHIB) is set to launch its very own decentralized autonomous organization (DAO). In a new blog post, Shiba Inu developers say they are going to release DOGGY DAO, SHIB's new governance protocol, in two separate phases. The first phase, which is set to launch in the coming days, will […] The post Dogecoin Competitor Shiba Inu (SHIB) To Launch New Decentralized Autonomous Organization (DAO) appeared first on The Daily Hodl.

Dogecoin Competitor Shiba Inu (SHIB) To Launch New Decentralized Autonomous Organization (DAO)

According to a new blog post, Shiba Inu (CRYPTO: SHIB) developers have launched a beta version of a decentralized autonomous organization (DAO) called Doggy.

Shiba Inu Set To Launch Beta Version Of Doggy DAO To Give Users More Power, Reduce Whale Influence

During the last half of 2021, decentralized autonomous organizations (DAO) have been popping out of the woodwork in mass numbers, airdropping tokens and creating governance systems for specific projects. Just before the end of the year on December 31, the developers behind the Shiba Inu crypto protocol have announced the launch of a “Doggy DAO” […]

Shiba Inu Project Reveals ‘Doggy DAO,' Devs Say Phase 1 to Provide ‘Immediate Power to the SHIB Army'

Memecoin project Shiba Inu endeavors to provide its users with more control over digital asset projects and pairs on the ShibaSwap platform. Interestingly, Shiba Inu…

Dogecoin Rival Shiba Inu Launches Beta Version Of DAO

During an end-of-year interview, senior currency strategist at Forex analysis site DailyFX Christopher Vecchio said that he would be very surprised if Shiba Inu (CRYPTO: SHIB) or Dogecoin (CRYPTO:

Market Analyst Says Shiba Inu And Dogecoin Unlikely To Rally In 2022, Only Elon Musk Tweets Can Pump The Cryptos

The Dogecoin rival is aiming to provide its users with more control over crypto projects and pairs on the ShibaSwap platform.

Shiba Inu Launches Beta Version of DAO to Give Users More Authority Over Crypto Projects

Notwithstanding the lackluster phase seen since October, the cryptoverse is holding firm for the year, thanks to the strong performances in the first three quarters of the year.

Major Cryptos Fidgety In Final Session Of Roller Coaster Year, Meme Coins Doge, Shiba Inu Stutter

The ShibaSwap DEX is taking the first step to handing control over its governance to the Shiba Inu community with the launch of Doggy DAO.

SHIB Devs Announce First Phase of Doggy DAO

Arcane Research is giving traders a glimpse of what could happen to Ethereum (ETH) and the meme coins in the coming year. In The Weekly Update report, the crypto intelligence firm predicts that ETH will do better than Bitcoin (BTC) in price performance, but also that its market capitalization will continue to lag behind Bitcoin's. […] The post Arcane Research Makes Memecoin Prediction for 2022, Says Ethereum Will See Fierce Competition appeared first on The Daily Hodl.

Arcane Research Makes Memecoin Prediction for 2022, Says Ethereum Will See Fierce Competition

Shiba Inu (CRYPTO: SHIB) traded 7.2% lower at $0.000033 over 24 hours leading up to Wednesday night.

Shiba Inu Plunges Alongside Major Cryptos: Can This Touted 'Big Surprise' Allow The Meme Coin To Regain Lost Momentum?

Ethereum whales are gobbling up a new favorite altcoin, temporarily displacing Shiba Inu (SHIB) as the top alternative digital asset amongst big buyers. Data from whale-surveilling platform WhaleStats indicates the top 1000 largest Ethereum wallets are now holding more than $1.54 billion worth of FTX Token (FTT). The total value of FTT held by whales […] The post Ethereum Whales Just Splurged Over $1,600,000,000 on One Crypto Asset, Pushing Shiba Inu Out of Biggest Altcoin Position appeared first on The Daily Hodl.

Ethereum Whales Just Splurged Over $1,600,000,000 on One Crypto Asset, Pushing Shiba Inu Out of Biggest Altcoin Position

Shiba Inu (CRYPTO: SHIB) traded nearly 7.6% lower at $0.000035 over 24 hours leading up to early Wednesday morning.

Why Is Shiba Inu Coin In A Freefall Today?

Shiba Inu (CRYPTO: SHIB) broke another record after burning more than a billion tokens in a week with some help from Bigger Entertainment — an independent music publishing group and licensing agency.

Shiba Inu Breaks Another Burning Record As Deflation Trends In Crypto

Decentraland

Overnight riches from big price hikes come and go in crypto, but these tokens kicked off lasting trends this year.

News for Shiba Inu Crypto (SHIB)