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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.

Even as Robinhood Markets, Inc. (NASDAQ: HOOD) is resisting calls to list Shiba Inu (CRYPTO: SHIB), the meme currency has managed to make progress with mainstream adoption.

As Flexa Begins Accepting Shiba Inu, Here's Look At Some Of Meme Coin's Recent Mainstream Adoptions

After pulling data from Benzinga Pro the following is the list of top crypto gainers and losers at the time of publication:

Shiba Inu, NEM Among Top Crypto Movers In 24H

Dogecoin

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have been trading in unison recently despite each cryptocurrency's enthusiasts remaining in fierce competition with each other.

Chart Wars – Dog Fight Edition: Will Dogecoin Or Shiba Inu Cryptos Break From This Pattern First?

Shiba Inu (CRYPTO: SHIB) is seeing its utility value increase even further after major cryptocurrency payment provider BitPay decided to roll out support for the token.

Shiba Inu's Utility Increases As Crypto Payment Processor BitPay Launches SHIB Support

Brokerage platform Robinhood Markets Inc (NASDAQ: HOOD) could be looking into listing Shiba Inu (CRYPTO: SHIB) as early as January 2022, according to a social media post.

Could Robinhood List Shiba Inu In January? This Report Says It's 'Strong Possibility'

An Ethereum (CRYPTO: ETH) whale wallet named “Hulk” has acquired 8 trillion Shiba Inu (CRYPTO: SHIB) tokens worth $290 million, according to an update from on-chain wallet monitor

Ethereum Whale 'Hulk' Buys 8 Trillion Shiba Inu Worth $290M

Crypto payment firm Bitpay has added support for the meme cryptocurrency shiba inu. Following Bitpay's announcement, retail giant Newegg announced that it too has begun accepting SHIB for payments. AMC Theatres is also expected to begin accepting SHIB soon. Meanwhile, a petition for the popular trading platform Robinhood to list shiba inu crypto has garnered […]

Bitpay Adds Shiba Inu Crypto as Petition to List SHIB on Robinhood Exceeds 545K Signers

Over the past 24 hours, Shiba Inu's (CRYPTO: SHIB) price has fallen 5.72% to $0.000035. This continues its negative trend over the past week where it has experienced a 15.0% loss, moving from $0.000043 to its current price.

Shiba Inu Decreases More Than 5% Within 24 hours

Shiba Inu (CRYPTO: SHIB), which revealed in late November plans to enter the gaming and metaverse sectors, has taken another step in that direction.

Shiba Partners With Australia's Biggest Game Developer For Multiplayer Collectable Card Game As Part Of Gaming Foray

Members of the Shiba Inu (CRYPTO: SHIB) community speculated about whether the SHIB whale who purchased 3 trillion tokens could actually be the creators behind the scam token Squid Game (CRYPTO: SQUID).

Transactions Connect Squid Game Scammers To 3 Trillion Shiba Inu Whale

Cryptocurrency exchange Bitstamp said Wednesday it has added support for Shiba Inu (CRYPTO: SHIB) and three other cryptocurrencies on its platform.

Shiba Inu To Begin Trading On Bitstamp While Dogecoin Snub Continues

Another major cryptocurrency exchange, Bitstamp, has listed shiba inu cryptocurrency. Bitstamp users will be able to trade SHIB against the U.S. dollar and the euro. The announcement came as more trading platforms are listing shiba inu and more stores are accepting the meme crypto for payments. Bitstamp Adds Support for Shiba Inu Crypto Cryptocurrency exchange […]

Crypto Exchange Bitstamp Lists Shiba Inu as SHIB Adoption Grows

Users can now use Shiba Inu (CRYPTO: SHIB) to book luxury vacations in over 230 countries using crypto-friendly travel booking platform Travala.com.

Crypto-Friendly Travala Now Accepts Shiba Inu For Booking Vacations

Crypto-friendly travel website Travala has added support for the shiba inu cryptocurrency. SHIB can now be used to book more than 3 million travel products worldwide on the site, including flights, hotels, and travel packages. Travala Adds Support for Shiba Inu Crypto Travel website Travala announced Tuesday that shiba inu cryptocurrency has been added to […]

Travala Now Accepts Shiba Inu Crypto — SHIB Can Be Used to Book 3 Million Travel Products Worldwide

Bitcoin

Ethereum

Major coins traded flat Tuesday evening as the global cryptocurrency market cap inched 0.42% lower over 24 hours to $2.35 trillion. What Happened: Bitcoin (CRYPTO: BTC) traded 0.06% higher at $50,725.20 over 24 hours.

Bitcoin Bottom Needs Time 'To Be Built,' Ethereum Network Upgrade On The Cards, Dogecoin, Shiba Inu Still Down

A whale — cryptospeak for really wealthy cryptocurrency investors — bought as many as 99 billion Shiba Inu (CRYPTO: SHIB) tokens, worth millions of dollars, at once.

Whale Buys 99B Shiba Inu Tokens Worth $3.8M: Another Leg Up Coming?

Cryptocurrency exchange BitMart said it will use its own funds to compensate users who were affected by a large-scale data breach in which hackers were able to steal almost $200 million worth of cryptocurrencies o

BitMart To Compensate Shiba Inu, Saitama, Binance Coin Holders Who Became Hack Victims Using Own Funds

The ninth-largest Ethereum whale in existence just acquired millions of dollars worth of the popular memecoin Shiba Inu (SHIB). The Ethereum wallet “Tsunade” received 72,266,047,517.25 Shib Inu worth more than $2.57 million from an unknown Ethereum address on Saturday, according to the whale-monitoring website WhaleStats. The huge wallet now holds a total of 1,831,517,309,563.27 SHIB […] The post Ninth-Largest Ethereum Whale Gobbles Billions of Shiba Inu As SHIB Nails New Milestone, According to WhaleStats appeared first on The Daily Hodl.

Ninth-Largest Ethereum Whale Gobbles Billions of Shiba Inu As SHIB Nails New Milestone, According to WhaleStats

Decentraland

New data shows that the world's biggest Ethereum whales are loading up on meme crypto Shiba Inu (SHIB) and two of the hottest metaverse tokens.  The latest numbers from WhaleStats are revealing the investment behavior of the 1,000 wealthiest non-exchange Ethereum addresses. The whale-monitoring website shows that in the last 30 days, deep-pocketed crypto investors bought […] The post Biggest Ethereum Whales Acculumating Shiba Inu and Two Metaverse Tokens As Crypto Markets Consolidate: WhaleStats appeared first on The Daily Hodl.

Biggest Ethereum Whales Acculumating Shiba Inu and Two Metaverse Tokens As Crypto Markets Consolidate: WhaleStats

The global cryptocurrency market valuation has rebounded a great deal since the initial downturn after 12:00 a.m. EST on December 4, and on Sunday, the crypto economy is down 1.4% during the last 24 hours. Meanwhile the meme token market capitalization today is $47.2 billion down 12.6% during the last day. Dogecoin has suffered pretty […]

Meme Token Economy Suffers After Crypto Market Dip, DOGE and SHIB Market Caps Lose Billions

On Saturday, the crypto exchange Bitmart lost almost $200 million in a hack involving the Ethereum (CRYPTO: ETHER) and Binance Smart Chain blockchains.

Hackers Steal $200M Worth Of Shiba Inu, Saitama, And Other Tokens From Bitmart Exchange

Meme cryptocurrency Shiba Inu (CRYPTO: SHIB) has a loyal following, which does not think twice about springing to support the dog-themed meme currency.

After Kraken Listing, Robinhood Under Pressure To Add Shiba Inu: Will The Trading App Yield?

In a recent video Randi Zuckerberg, the sister of Mark Zuckerberg, the CEO of Meta Platforms Inc (NASDAQ: FB), pointed out the sudden flourishing of meme coins in the crypto market.

Mark Zuckerberg's Sister Randi Says Dogecoin Killer Shiba Inu Has Become Mainstream

Saturday's crypto market crash is being felt across the board as all of the top 20 cryptocurrencies by market cap are having double-digit losses. At the time of publishing, Bitcoin (CRYPTO: BTC) has fallen 15.87 percent to $47,764.

Crypto Crash Deepens, Meme Coins Shiba Inu and Dogecoin In The Red

Shiba Inu creator Shytoshi Kusama is trying to protect his coin against fierce criticism from the famous Wolf of Wall Street. To prove him wrong, Kusama invites Mr. Jordan Belfort to discuss the issue.

News for Shiba Inu Crypto (SHIB)