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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 Killer' Shiba Inu's (CRYPTO: SHIB) relatively flat performance over the past week has not stopped its burn rates from increasing. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002167 $12.8 billion -5.2% -2.2% Dogecoin (CRYPTO: DOGE) $0.314 $46.3 billion -5% -1.5% Pepe (CRYPTO: PEPE) $0.00001743 $7.3 billion -5.5% -1.2% Technical Analysis: Benzinga technical analysis shows Shiba Inu's RSI is oversold at 28.6.

Shiba Inu Burn Rate Spikes 2,227%: What's Going On?

Bonk

Bitcoin

Dogecoin

Pepe

dogwifhat

According to widely-followed crypto influencer ‘artchick,' Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) will not be the main meme coin beneficiaries of a rally. The influencer's forecast hinges on Bitcoin (CRYPTO: BTC) maintaining its momentum and Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) outperforming.

Bitcoin's Outperformance Could Leave Dogecoin, Shiba Inu Sidelined, But Propel Pepe, Dogwifhat, Bonk To New Highs

Chainlink

Offering on various networks increases visibility and distribution for a token, helping drive investment and usage among network users.

CAT, MOG, SHIB Among Meme Tokens Added to Chainlink Services

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) show strong fundamentals, but the trader community remains hesitant about their potential to outperform other trending cryptocurrencies. What Happened: Shibburn data shows 6.02 million SHIB tokens burned in the past 24 hours, driving the burn rate up by 661.7%.

Dogecoin, Shiba Inu Could Underperform Stronger Cryptos, Trader Warns: Here's Why

Shiba Inu's (SHIB) rally after a dip has failed for the second time. Cryptocurrency price analysis brought by Coinidol.com.

Shiba Inu Falls When The Price Target Of $0.00001429 Is Reached

The cryptocurrency market has shown resilience following a significant downturn, with Shiba Inu (CRYPTO: SHIB) leading the recovery. What Happened: A prominent market analyst predicts the dog-themed token could achieve a massive 235% rise, reaching a new yearly high of $0.00005816.

Analyst Bullish on Shiba Inu, Sees 235% Surge Despite Recent Fall

Bloomberg Senior ETF analyst Eric Balchunas showcased a PR pitch he received on mail, revealing the 20 best-performing meme coins of 2024. What Happened: Balchunas highlighted a list of the top-performing meme coins of 2024, compiled by Kryptocasinos.

Dogecoin, Shiba Inu Absent From 2024's Top-Performing Meme Coins: Here's Who Made The Cut

‘Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) is expected to see a major rally despite its current stagnation. What Happened: Lookonchain data highlights an early SHIB whale who recently sold 250 billion SHIB (worth $6.05 million) for profit.

Shiba Inu Whale Nets $109M Profit After Holding Since 2020, But Why Is SHIB Price Falling?

Shiba Inu (CRYPTO: SHIB) continues to attract attention as its burn mechanism drives supply reduction, sparking optimism among traders despite subdued broader market activity. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002566 $15.12 billion -3.1% -11.5% Dogecoin (CRYPTO: DOGE) $0.3849 $56.7 billion -3.1% -7.9% Pepe (CRYPTO: PEPE) $0.00002144 $9 billion -5.6% -14.6% Trader Notes: Crypto trader InvestingHaven outlined their 2025 price forecast for SHIB, suggesting a potential high of $0.0000998 and a low of $0.0000234.

'Dogecoin Killer' Shiba Inu Burn Rate Spikes 4,766%: 'Patience Could Pay Off,' Trader Says

Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) are gaining momentum as Bitcoin reaches a new all-time high above $107,000. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.4118 $60.6 billion +1.9% -5.5% Shiba Inu (CRYPTO: SHIB) $0.00002784 $16.4 billion +0.4% -6.5% Trader Notes: Benzinga's technical analysis shows that SHIB's Relative Strength Index (RSI) stands at 42.85.

Shiba Inu Burn Rate Surges 3,609% As Dogecoin Whales Move 5.8 Billion DOGE: What Is Going On?

The price of Shiba Inu (CRYPTO: SHIB), the second-largest meme coin, is predicted to see a significant uptick, says renowned cryptocurrency analyst Zach Humphries. What Happened: Humphries foresees a five- to six-fold price surge for SHIB, given the current market dynamics.

Crypto Analyst: Shiba Inu Price Set For Massive Surge, Could Go Up Sixfold

Shiba Inu (SHIB) price has fallen above the 21-day moving average line as buyers fail to sustain bullish momentum above the $0.00003300 high.

Shiba Inu Falls At Reunion Low Of $0.000024

The burn rate of the meme cryptocurrency, Shiba Inu (CRYPTO: SHIB), has surged by a whopping 515.33%. This data comes from the widely used transaction tracker Shibburn.

Shiba Inu Burn Rate Skyrockets 515.33% - Will The Price Increase?

Fartcoin (CRYPTO: FARTCOIN), a meme-based cryptocurrency with unconventional origins, has hit an all-time high market capitalization of $763.9 million. The Solana (CRYPTO: SOL)-based token's meteoric rise, reaching a preliminary all-time high of $764 million on Friday per DexScreener data, has been driven by a mix of online speculation and social media buzz.

Fartcoin Steals The Spotlight From Dogecoin, Shiba Inu To Reach $764 Million All-Time High Market Cap

Ethereum

Shiba Inu (CRYPTO: SHIB) whale Shibtoshi, known for his mysterious persona and gold-themed public mask, has risen to prominence in the crypto world. Operating mostly under a veil of anonymity, he shared his story of turning 37 ETH into a multi-billion-dollar Shiba Inu fortune while navigating the volatile world of cryptocurrency.

Shiba Inu Whale Shibtoshi Turned 37 ETH Into $5 Billion With SHIB: Here's What Happened Next

Meme coins Peanut The Squirrel (CRYPTO: PNUT), Popcat (CRYPTO: POPCAT), and Goatseus Maximus (CRYPTO: GOAT) surged on Wednesday amid significant exchange listing announcements, surpassing the performance of Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Peanut The Squirrel $1.30 $1.29 billion +30% +4.3% Popcat $1.26 $1.23 billion +14.7% -8.9% Goatseaus Maximus $0.6855 $685.4 million +29.2% -11.8% Dogecoin $0.4123 $60.5 billion +7.3% +0.0% Shiba Inu $0.00002917 $17.1 billion +13.8% -2.5% Trader Notes: Crypto trader Dami-Defi predicts PNUT could bring life-changing opportunities.

Peanut The Squirrel, Popcat, GOAT Eclipse Dogecoin, Shiba Inu In Single-Day Gains On Exchange Listing Frenzy

‘Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) is holding firm at a crucial horizontal support level, fueling speculation of significant upside potential. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.000029 $17 billion +15.1% -4.1% Dogecoin (CRYPTO: DOGE) $0.4166 $61.3 billion +10.8% +1% Pepe (CRYPTO: PEPE) $0.00002503 $10.5 billion +9.4% +15.8% Trader Notes: Traders are closely monitoring the meme coin's price action as it shows resilience in a challenging market environment.

'Dogecoin Killer' Shiba Inu Burns 17 Million SHIB, Traders Predict 'Parabolic Potential'

The cryptocurrency market saw another decline on Dec. 10, 2024, with Bitcoin dropping below $95,000 for the second time in recent days, causing widespread liquidations.

Meme Coins BONK, FLOKI, WIF, SHIB and DOGE See Significant Losses as Crypto Market Declines

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have seen sharp declines, with traders debating whether these drops signal a buying opportunity or a deeper trend reversal. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.3779 $55.6 billion -13.5% -7.4% Shiba Inu (CRYPTO: SHIB) $0.00002484 $14.8 billion -16.4% -11% Pepe (CRYPTO: PEPE) $0.00002287 $9.6 billion -17% +16% Trader Notes: Crypto trader DonAlt highlights Dogecoin's sideways movement over the past month, describing it as one of the most “net-worth-destructive” charts in crypto history.

Dogecoin Drops 14%, Shiba Inu Sinks 17%: What's Behind The Decline?

Meme coins took a hard hit as Bitcoin plunged on Monday and liquidations surged, with Dogecoin and others still showing red.

Dogecoin, Shiba Inu and Bonk Are Still Down Bad as Bitcoin Recovers

Retail investors are flocking to memecoins, with Reddit data revealing PEPE (CRYPTO: PEPE) as the current frontrunner in capturing retail mindshare, according to a recent analysis of cryptocurrency subreddit growth trends. What Happened: The analysis, shared in a detailed thread on X on Dec. 5, highlights the importance of understanding retail investor psychology in the current market cycle.

Shiba Inu, Pepe Or Bonk? Ranking Reddit's Most Popular Meme Coins

Shiba Inu (CRYPTO: SHIB) is seeing increasing burn rates even though prices remain stagnant. What Happened: Shibburn data revealed that 40.46 million SHIB coins were burned in a single transaction, pushing the burn rate higher by 876.05%.

'Dogecoin Killer' Shiba Inu Burn Rate Surges 876%: Is SHIB Price Really 'Insanely Strong'?

The price of Shiba Inu (SHIB) is rising as it recovers from the previous drop. Price analysis by Coinidol.com.

Shiba Inu Recovers But Reaches The $0.000033 Level

Dog-themed meme coin Shiba Inu (CRYPTO: SHIB) has surged by 208% so far in 2024, catapulting its market capitalization to $18.28 billion. What Happened: Currently positioned at number 12, Shiba Inu's consistent rally since the beginning of Q4 2024 has led crypto analysts to forecast its potential rise into the top 10 cryptocurrencies by market cap.

Shiba Inu's 208% Surge This Year Sparks Predictions Of Top 10 Crypto Ranking In 2025

Solana

The prices of cryptocurrencies have soared in 2024, specifically hitting huge gains and some hitting new all-time highs shortly after the 2024 presidential election. One of the hottest cryptocurrencies of late is XRP Token (CRYPTO: XRP) from Ripple.

News for Shiba Inu Crypto (SHIB)