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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.

Over the past 24 hours, Shiba Inu's (CRYPTO: SHIB) price rose 22.36%. This continues its positive trend over the past week where it has experienced a 232.0% gain.

Shiba Inu Rises More Than 22% In 24 hours – 232% In 7 Days

Bitcoin

Polygon

Pulled from Benzinga Pro here's the list of the top crypto gainers and losers at the time of publication:

Shiba Inu, Bitcoin, Polygon Among The Top Crypto Movers For Today

Shiba Inu (CRYPTO: SHIB) has returned an astounding 27,000,000% since the start of the year, and the meme-based cryptocurrency's largest holders appear to be adding to their position.

Shiba Inu Gains 27 Million Percent YTD After Whale Buys 6 Trillion More SHIB Tokens

Four emerging altcoins are on a tear after surging 101% or more within one week as Bitcoin (BTC) and the crypto markets ignite. One of the high-flying coins as of late is meme cryptocurrency and Dogecoin (DOGE) competitor Shiba Inu (SHIB). The altcoin skyrocketed from a low of $0.000006 to a high of $0.00002, marking […] The post Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite appeared first on The Daily Hodl.

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

SHIBA INU (CRYPTO: SHIB) soared 71.91% over 24 hours leading up to early Wednesday. What's Moving?

Why Is Shiba Inu Skyrocketing Again Today?

A dog-themed competitor to Dogecoin (DOGE) is surging as the overall cryptocurrency market bounces back from a recent slump. One of the top performers as of late is memecoin and DOGE competitor Shiba Inu (SHIB), which was able to ignite an 87% rally in just a single day. The 22nd-ranked crypto asset by market cap […] The post Dogecoin Competitor Explodes 87% in Just One Day As Bitcoin and Crypto Markets Turn Green appeared first on The Daily Hodl.

Dogecoin Competitor Explodes 87% in Just One Day As Bitcoin and Crypto Markets Turn Green

Shiba Inu (CRYPTO: SHIB) was trading up almost 50% higher at one point Tuesday, after the crypto busted up through two resistance levels at $0.00001406 and $0.00001799.

Shiba Inu Runs Further Than Dogecoin, Bitcoin Following Whale Purchase: What's Next For The Crypto Puppy?

Dogecoin

Meme coin and Dogecoin rival SHIB has jumped by more than 57% over the day following another Shiba Inu-themed tweet by Elon Musk.

Meme Coin Shiba Inu Hits 5-Month High, Dogecoin Up Nearly 10%

Shiba Inu (CRYPTO: SHIB) and Velas (CRYPTO: VLX) are seeing higher interest than major cryptocurrencies such as Bitcoin (CRYPTO: BTC) and

Shiba Inu And This Minor Altcoin Are Buzzing More On Twitter Than Dogecoin And Bitcoin

SHIBA INU (CRYPTO: SHIB) skyrocketed 56.61% to $0.00001324 over 24 hours early Tuesday morning. What's Moving?

Why Is Dogecoin Rival Shiba Inu Skyrocketing Today?

Ethereum

Dogecoin (CRYPTO: DOGE) was on a tear Monday night as the global cryptocurrency market capitalization rose 1.04% to $2.16 trillion.

It's A Doggie-Dog World: Dogecoin Leads The Major Crypto Pack Above Bitcoin, Ethereum; Shiba Inu Tops List Of Gainers

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

Ethereum, Axie Infinity, Shiba Inu Among Top Crypto Movers In 24H

One of the biggest gainers in the cryptocurrency space in 2021 has been Shiba Inu (CRYPTO: SHIB). The coin is gaining interest on social media and Google, which could be a positive event along with increased availability of the cryptocurrency.

Shiba Inu Coin Trends On Twitter, Google: Will SHIB Reach 1 Cent?

The price of Dogecoin (CRYPTO: DOGE)-inspired cryptocurrency Shiba Inu (CRYPTO: SHIB) has surged 16.6% over the past week, outperforming the rival meme cryptocurrency's gain of almost 4.4%.

Shiba Inu Surged Almost 17% Over Past Week, Outperforming Dogecoin

The era of dog tokens in crypto looks as if it could be approaching an end, based on the declining levels of social engagement around them.

Are Dog Tokens Losing Ground? Data Shows Declining Social Interest In Shiba Inu, Dogecoin

Dogecoin (CRYPTO: DOGE) is trailing rival meme cryptocurrency Shiba Inu (CRYPTO: SHIB) in terms of 24-hour price gains. What Happened: SHIB traded 3.84% higher over 24 hours at $0.0000075, while DOGE was down 1.47% at $0.22 in the same period.

Why Is Shiba Inu Outperforming Dogecoin Today?

Coinbase is continuing its recent spree of listing new crypto assets by adding support for a popular Dogecoin (DOGE) copycat. The exchange's newest addition is Shiba Inu (SHIB), a meme token that aims to be an Ethereum-based alternative to DOGE. The 47th-ranked asset by market cap was trading at $0.00000000008 on January 1st. In part […] The post Crypto Asset That Surged More Than 8,600,000% This Year Now Listed on Coinbase appeared first on The Daily Hodl.

Crypto Asset That Surged More Than 8,600,000% This Year Now Listed on Coinbase

Meme cryptocurrency Dogecoin's (CRYPTO: DOGE) rival Shiba Inu (CRYPTO: SHIB) has overtaken Reddit-favorite Clover Health Investments Corp. (NASDAQ: CLOV) in terms of market capitalization, while eyeing the market capitalization of e-commerce company ContextLog

Dogecoin Rival Shiba Inu Overtakes WallStreetBets-Favorite Clover Health In Market Cap, Eyes Wish Stock Next

Cryptocurrency exchange Huobi announced a "massive airdrop" of Shiba Inu (CRYPTO: SHIB) for its users.

Want To Get Shiba Inu For Free? Here's How You Can

Coinbase Global Inc.'s (NASDAQ: COIN) trading platform Coinbase just listed Shiba Inu (CRYPTO: SHIB) following the

To The Moon! Shiba Inu Lands On Coinbase

While the dogecoin's token price has floundered during the last seven days, the meme-coin's rival shiba inu (SHIB) has moved up the ranks in terms of weekly gains. Dogecoin has shed 5.8% during the last week, but shiba inu has spiked 21.3% during the course of the week and 21.1% in the last 24 hours. […]

Dogecoin Rival Shiba Inu Spikes in Value While DOGE Prices Flounder, SHIB Jumps 21% in 24 Hours

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.

Will Shiba Inu Or Dogecoin Rise More By 2022?

The addition of Shiba Inu to Coinbase comes a week after it became available on Coinbase Pro.

Dogecoin Knockoff SHIB Hits Coinbase, Price Spikes 11% in an Hour

The CEO of Tesla, Elon Musk shared a picture of a Shiba Inu pup and said “Floki has arrived” to his 59.8 million Twitter followers. Of course, the tweet affected the price of a few specific meme-based crypto assets that leverage the “Floki” name. Shiba Floki Token Soars After Elon Tweets an Image of His […]

Elon Musk's New Puppy Tweet Sends Shiba Floki Token Soaring, FLOKI Jumps More Than 900% in 24 Hours

Following Dogecoin's surge, a seemingly endless supply of copycat coins has been doing the rounds.

News for Shiba Inu Crypto (SHIB)