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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.

Dogecoin

The original meme token Doge (CRYPTO: DOGE) and its top meme competitor Shiba Inu (CRYPTO: SHIB) provided some excitement in this week's crypto market.

Doge, Shiba Inu Consolidate Following Week's Strong Run; Another Leg-up In The Cards?

Bitcoin

Ethereum

Bitcoin slumps, Ethereum sets another all-time high after an upgrade, and Shiba Inu makes the top 10 list.

This Week in Coins: Bitcoin and Ethereum Hit ATH and SHIB Becomes Top 10 Token

A popular NASCAR driver woke up to an unexpected sum of Shiba Inu (SHIB) in his Coinbase account but has promptly decided to return the valuable memecoins to the crypto exchange. NASCAR driver Keith McGee is the first Alaskan to start a NASCAR race and the first disabled veteran in the history of NASCAR. McGee […] The post Coinbase Accidentally Adds $181,000,000 in Shiba Inu to the Wallet of This NASCAR Driver – He Wants None of It appeared first on The Daily Hodl.

Coinbase Accidentally Adds $181,000,000 in Shiba Inu to the Wallet of This NASCAR Driver – He Wants None of It

Shiba Inu is up 155% and surpassed Dogecoin, the thing it's parodying, to become the No. 9 cryptocurrency.

Woof! What to Make of Dogecoin, SHIB, and FLOKI

The CEO of the world's largest movie exhibition company, AMC Entertainment, is asking the crypto community whether his company should accept shiba inu (SHIB) for payments. The company is already planning to accept several cryptocurrencies by year-end, including dogecoin. CEO Asks Whether AMC Should Accept Shiba Inu The CEO of AMC Entertainment, Adam Aron, put […]

AMC Theatres Considers Accepting Shiba Inu Alongside Dogecoin as SHIB Popularity Soars

Though it's true that market prices are nearly impossible to predict, especially in the short term, I can say with a fair amount of confidence that we're very likely to see the top of shiba inu quite soon, if we haven't already. The post Meme Coin Shiba Inu Remains Seemingly Unstoppable appeared first on Bitcoin Market Journal.

Meme Coin Shiba Inu Remains Seemingly Unstoppable

The top dogs in the meme coin and token stack have swapped places again as SHIB rises and DOGE sinks.

SHIB Flips Dogecoin Again as Meme Coins Jostle for Supremacy

Data shows that Shiba Inu (CRYPTO: SHIB) is now a top Ethereum (CRYPTO: ETH) burner.

'Dogecoin Killer' Shiba Inu Is Now The Third-Largest Ethereum Burner

Over the past 24 hours, Shiba Inu's (CRYPTO: SHIB) price rose 38.22% to $0.000064. This continues its positive trend over the past week where it has experienced a 145.0% gain, moving from $0.000028 to its current price.

Shiba Inu Up More Than 38% In 24 hours

About 400 days ago, an anonymous crypto investor purchased about $8,000 worth of the memecoin Shiba Inu (SHIB). The return on that investment? The lucky trader's SHIB is now worth more than $4.45 billion. The business media company Morning Brew first reported on the jaw-dropping trade earlier this week, right as SHIB was blasting off […] The post The Best Trade of All Time? Crypto Investor Put $8,000 Into Shiba Inu 400 Days Ago – This Is How Much It's Now Worth appeared first on The Daily Hodl.

The Best Trade of All Time? Crypto Investor Put $8,000 Into Shiba Inu 400 Days Ago – This Is How Much It's Now Worth

Dogecoin (CRYPTO: DOGE) gained over 26% at press time as the global cryptocurrency market cap rose 4.38% to $2.58 trillion.

Bitcoin, Ethereum Rebound But Volatility Expected Ahead, Dogecoin Rally Spells Trouble For Shiba Inu

Shiba inu supporters are petitioning on Change.org for the trading platform Robinhood to list the shiba inu token for trading. Robinhood currently lists the meme cryptocurrency dogecoin which made up 62% of the company's crypto trading volume in Q2. Petition to Get Robinhood to List Shiba Inu A petition on Change.org for the trading platform […]

Petition to List Shiba Inu on Robinhood Gains 400K Signatures as SHIB Price Soars

Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin burned more than $6.74 billion in Shiba Inu

The Shiba Inu 'Burned' By Ethereum's Vitalik Buterin Is Now Worth $32.5B

After standing in the shadow of Shiba Inu (CRYPTO: SHIB) for much of last week, Dogecoin (CRYPTO: DOGE) is stepping out.

Dogefight: Shiba Inu, Dogecoin Rally Hard

Crypto analyst Michaël van de Poppe is not a fan of meme coin Shiba Inu (SHIB), which has surged this week while most of the crypto markets cooled off. The trader tells his 458,400 Twitter followers that he hopes SHIB fades away, and says it's better to seek out other opportunities rather than falling prey […] The post Crypto Strategist Michaël van de Poppe Issues Shiba Inu Warning, Names Entry Zones for Bitcoin and Ethereum appeared first on The Daily Hodl.

Crypto Strategist Michaël van de Poppe Issues Shiba Inu Warning, Names Entry Zones for Bitcoin and Ethereum

The meme-based digital asset shiba inu has entered the top ten largest crypto assets by market capitalization, knocking dogecoin down a notch. In the last 30 days, the shiba inu token climbed 976% capturing a market cap of over $40 billion. Meanwhile, the concentration of shiba inu whales is still quite large these days alongside […]

Shiba Inu Soars Knocking Dogecoin Down a Notch — 20 Holders Own 75% of the SHIB Supply

A handful of market participants could largely be responsible for Shiba Inu's (CRYPTO: SHIB) seemingly unstoppable rally.

8 Whales Control 70% Of Shiba Inu Supply

Major crypto exchange Coinbase Global Inc (NASDAQ: COIN) faced an extended outage on Wednesday.

Coinbase Faces Extended Outages, Users Unable To Trade Shiba Inu

Buterin could have HODLed but he didn't, and SHIB fans are all the richer for it.

Remember All That SHIB Vitalik Buterin Burned? It's Now Worth $32.5 Billion

Dogecoin watch out! "Shiba inu" token muscles into cryptocurrency top 10

Cathie Wood's ARK Invest snapped up over 2.2 million shares of Robinhood after the trading app's stock fell on Wednesday.

Cathie Wood's ARK Invest Buys Meme Stock Robinhood Amid Shib, Doge Rally

“The Black Swan” author Nassim Nicholas Taleb believes that the time to short Shiba Inu (CRYPTO: SHIB) and other cryptocurrencies is "perhaps" near.

Why 'The Black Swan' Author Thinks Time To Short Shiba Inu And Other Cryptos Is 'Perhaps' Near

Dogecoin, the "joke" bitcoin rival that's exploded in popularity earlier this year, has recently lost its meme crown to upstart shiba inu...

Memecoin Price Wars: Elon Musk Helps Dogecoin Suddenly Surge Back Above Shiba Inu As Bitcoin And Ethereum Plummet

Dogecoin shot up to the psychologically important $0.30 mark early Thursday morning. What Happened: The cryptocurrency soared 14.56% over 24 hours to $0.30 at press time.

The War Of Meme Coins: Dogecoin Fights Back As Shiba Inu Surpasses Its Market Cap

Meme coin Shiba Inu (CRYPTO: SHIB) shot up nearly 70% over 24 hours leading to press time late Wednesday to become the ninth-largest token by market cap, as per CoinGecko. This remarkable spurt of growth means it now enjoys a market capitalization larger than some familiar names.

News for Shiba Inu Crypto (SHIB)