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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

Dogecoin (CRYPTO: DOGE) has been outpaced over the last 90 days to press time on Friday by a rival meme coin. What's Moving?

This Rival Meme Crypto Has Outperformed Dogecoin In Last 3 Months

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

To The Moon? Coinbase Pro Lists Shiba Inu

Crypto exchange Coinbase is attempting to add the memecoin Shiba Inu to its Pro exchange for the second time. The post Coinbase Pro adds memecoin Shiba Inu, following on from Dogecoin appeared first on The Block.

Coinbase Pro adds memecoin Shiba Inu, following on from Dogecoin

Meme cryptocurrency Dogecoin's (CRYPTO: DOGE) popularity has led to a surge in demand for the Shiba Inu breed of dogs but it also has breeders worried about the rising cases of mistreatment, abuse and abandonment of the dogs, Coin Riv

Dogecoin Has Caused Demand For Shiba Inu Dogs To Skyrocket And Breeders Are Worried About Rise In Cases Of Mistreatment, Abuse, Abandonment

In 2021, meme-based crypto assets skyrocketed in value following the lead of the original meme crypto-asset dogecoin's massive gains. This week a great number of digital currencies have rebounded in price but a slew of popular meme tokens are not doing so hot this week. However, one specific meme-crypto called “cake monster” has jumped 112% […]

Meme-Crypto Wars: Dogecoin and SHIB Prices Falter, Cake Monster Jumps Over 800% in 7 Days

Solana

A prominent crypto strategist and trader says he's expecting Dogecoin, Solana and one more altcoin to ignite huge rallies while Bitcoin and Ethereum take a breather. The pseudonymous trader, known in the industry as Pentoshi, tells his 291,000 Twitter followers that Dogecoin (DOGE) is poised to rally to $0.42 after taking out resistance at $0.23 […] The post Dogecoin, Solana and One More Altcoin Could Ignite Big Rallies While Bitcoin and Ethereum Cool Off: Top Crypto Analyst appeared first on The Daily Hodl.

Dogecoin, Solana and One More Altcoin Could Ignite Big Rallies While Bitcoin and Ethereum Cool Off: Top Crypto Analyst

Bitcoin

SHIBA INU (CRYPTO: SHIB) rose over 3% in the early hours of even as major cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) declined.

Why Is Shiba Inu Bucking The Trend, Outperforming Bitcoin, Dogecoin Today?

Shiba Inu (CRYPTO: SHIB) is trading higher Monday as the crypto market moves higher. It is one of Dogecoin's (CRYPTO: DOGE) main meme crypto competitors.

Shiba Inu Breaking Resistance? Doesn't Seem So Far-Fetched Now

Shiba Inu (CRYPTO: SHIB) soared nearly 21% for the week leading up to press time. What's Moving?

Why Is Shiba Inu Soaring This Week?

Is meme momentum back in full swing? DOGE's uptick is ahead of the market, while a token burn seemingly gives SHIB a bump.

Dogecoin, Shiba Inu Post Big Weekly Gains in Meme Coin Resurgence

Two Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) clones are trending on CoinMarketCap in the late hours of Monday. What Happened: Mini Shiba (CRYPTO: MINISHIBA) and CyberDoge (CRYPTO: CYBRRRDOGE) trended on CoinMarketCap at press time.

Why Are Dogecoin, Shiba Inu Clone Tokens CyberDoge, Mini Shiba Seeing High Interest Today?

One of the hottest cryptocurrencies of 2021 was added to a leading retail broker on Thursday, which could boost shares of a company going public via SPAC.

Could Shiba Inu Coin Inclusion Help eToro Ahead Of SPAC Merger?

eToro, the multi asset investment platform, today announced the addition of Shiba Inu, following strong customer demand. Shiba Inu was created as an Ethereum-based alternative to popular memecoin Dogecoin (DOGE). The Shiba Inu ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap. Shiba Inu is represented […] The post eToro Adds Shiba Inu appeared first on The Daily Hodl.

eToro Adds Shiba Inu

In mid-May, the co-founder of Ethereum, Vitalik Buterin, donated $1 billion worth of shiba inu (SHIB) tokens to India's Crypto Covid Relief Fund (CCRF). Close to three months later, the CCRF organizers say they have been having issues cashing out the SHIB tokens and so far, only $20 million has been paid out. It's Not […]

Relief Fund Has a Difficult Time Cashing Out the $1B Worth of SHIB Vitalik Buterin Donated

Ethereum

Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin's donation of $1 billion in Shiba Inu (CRYPTO: SHIB) coins to an India Covid-19 relief fund about two months ago has been slow in reaching the people due to several issues, Bloomberg

Ethereum Co-Founder Donated $1B Shiba Inu To Aid India In COVID-19 Battle — Money Reaching The People Is A Lot Less

Shiba Inu (CRYPTO: SHIB) saw a major price uptick after a significant downtrend and long lateralization period. What Happened: Shiba Inu's price increased by over 11.6% from its 24-hour low of $0.000006212 to a high of $0.000006935, before settling at $0.000006533 as of press time.

Why Is Shiba Inu Up Today?

Shiba Inu (CRYPTO: SHIB) is one of the meme-based cryptocurrencies that enjoyed the liquidity and enthusiasm of the most recent bull markets the most, also thanks to an endorsement by tech tycoon and Dogecoin (CRYPTO: DOGE) proponent Elon Musk.

Shiba Inu Coin Lost 83% Since Its All-Time High: Price Analysis

CoinGecko has just released its Q2 2021 report. In their analysis of the market, CoinGecko observed that even though Axie Infinity has been on the market for more than three years, its popularity held off until Q2 2021. In May, players could migrate their Axies and trade freely on Axie Infinity's Ronin-based marketplace. Combined with […] The post Spotlight on Axie Infinity (AXS), Dogecoin (DOGE), Shiba Inu (SHIB) and Bitcoin (BTC) – CoinGecko Q2 2021 Report appeared first on The Daily Hodl.

Spotlight on Axie Infinity (AXS), Dogecoin (DOGE), Shiba Inu (SHIB) and Bitcoin (BTC) – CoinGecko Q2 2021 Report

The crypto asset shiba inu (SHIB) now has a decentralized exchange (dex) platform called Shibaswap and since the trading protocol's launch, the dex has $1.55 billion total value locked (TVL). The SHIB-fueled dex has a lot more liquidity than most platforms today as Shibaswap has been catching up to popular dex platforms like Pancakeswap and […]

Shibaswap Dex Captures $1.5 Billion Locked in 2 Days, SHIB Platform Bumps ETH Fees Higher

What Happened: The creators of Shiba Inu (CRYPTO: SHIB) have launched a new DeFi platform called ShibaSwap that will act as a decentralized exchange (DEX) and facilitate token swaps.

Shiba Inu DEX Locks In $1.5B One Day After Launch But 'Devastatingly Fails' DeFi Safety Review

Shiba Inu (CRYPTO: SHIB) a dog-themed cryptocurrency traded in the green at press time on Tuesday night among high social media interest. What's Moving: SHIB traded 2.18% higher at $0.0000087 at press time over 24 hours.

What's Up With Shiba Inu Today?

The following three altcoins that attracted high social media interest early Tuesday. Enzyme (CRYPTO: MLN): MLN is a token of a project that revolves around letting people build and scale investment strategies of choice.

Enzyme, Shiba Inu, KuCoin — 3 Altcoins Seeing High Social Media Interest Today

Elon Musk's Twitter mention of Baby Doge has seen its price surge by over 300% in a week, while other meme coins falter.

Meme Coin Pack Flocks to Baby Doge as Dogecoin, SafeMoon and SHIB Slip

The crypto analyst and the host of Coin Bureau may be changing his mind about the Dogecoin (DOGE) copycat, Shiba Inu (SHIB). In a new strategy session dedicated only to Shiba Inu, the Coin Bureau host known as the Guy says that since Coinbase decided to list SHIB, he's started to pay closer attention to […] The post Crypto Asset That Surged 47,387,400% This Year May Become Surprise Player in Ethereum Ecosystem, According to Coin Bureau appeared first on The Daily Hodl.

Crypto Asset That Surged 47,387,400% This Year May Become Surprise Player in Ethereum Ecosystem, According to Coin Bureau

These are the cryptocurrencies that saw high interest on social media early Friday. Baby Doge Coin (CRYPTO: BABYDOGE): The self-proclaimed son of Dogecoin (CRYPTO: DOGE) is a new entrant to the Dog-themed coin universe.

News for Shiba Inu Crypto (SHIB)