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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.

The price of Shiba Inu (CRYPTO: SHIB) tokens has experienced a decline of around 8% in the last 24 hours following widespread reports of bridging issues after the launch of the highly anticipated layer-2 Shibarium network on Wednesday. What Happened: Blockchain data from Shibariumscan reveals that transactions on the network were halted for at least five hours.

Shiba Inu Tanks 8% After Problematic Shibarium Launch: Lead Developer Allegedly Says, 'We F***ed Up Hard'

Ether

The Shiba Inu (SHIB) ecosystem has unveiled Shibarium, its Ethereum layer-2 network, which marks a significant milestone for the project.

Shiba Inu Launches Shibarium Layer-2 to Ethereum Mainnet

An important tool for the layer 2 service went live on Wednesday to a turbulent start.

SHIB Plunges 9% on Apparent Shibarium Bridge Issues

The core developers of the Shiba Inu (CRYPTO: SHIB) meme coin project have successfully launched Shibarium, their much-awaited layer-2 scaling solution, on the mainnet. What Happened: This launch marks a significant milestone for the project, following the timeline set by lead developer Shytoshi Kusama, who had previously confirmed the debut of the Ethereum-based Layer-2 scaling solution at the Blockchain Futurist Conference in Canada.

Shiba Inu Drives Massive $342M Burn As Shibarium Finally Launches After Much Back And Forth

The speedy layer-2 network is expected to support the various other canine components of an emerging "Shiba Inu State."

SHIB Developers Deploy Layer-2 Shibarium to Ethereum Mainnet

The Shiba Inu (CRYPTO: SHIB) ecosystem, anchored on the Ethereum (CRYPTO: ETH) blockchain, launched its Ethereum Layer 2 blockchain, Shibarium, at the Blockchain Futurist Conference in Toronto. This development followed the successful testnet phase in which Shibarium recorded more than 21 million user wallets, a Wednesday release stated.

Shibarium's Mainnet Goes Live, Boasting Over 21M Wallets From Its Testnet Phase

The much-awaited Shibarium network saw over 21 million wallets created during its testnet phase and is expected to position Shiba Inu as a serious DeFi contender.

Shiba Inu's Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth

Self-proclaimed Dogecoin (CRYPTO: DOGE) killer Shiba Inu's (CRYPTO: SHIB) burn rate is up 110% in the last 24 hours, in anticipation of the launch of much-anticipated layer-2 solution Shibarium. What Happened: Shytoshi Kusama, the lead developer behind the Shiba Inu ecosystem said that Shibarium is "nearly complete.

Shiba Inu Burn Rate Spikes Over 110% After Lead Developer Says Shibarium 'Nearly Complete' — Can $10 Worth Of SHIB Turn You Into A Meme Coin Millionaire Today?

Shiba Inu (CRYPTO: SHIB) fell as much as 7% to the $0.000009-level during Tuesday's session. The popular altcoin fell amid overall market weakness following weak economic data out of China, which has caused global macro pressures.

Why Shiba Inu (SHIB) Is Falling

Pepe

Popular meme coins PepeCoin and Shiba Inu have both enjoyed significant rallies over the past seven days, each rising more than 15%.

Meme Coins PEPE and SHIB Rally Double Digits on the Week

Cardano

Bitcoin

Dogecoin

Litecoin

Solana

Bernstein analysts have called stablecoins the "monster crypto killer-app" that could catapult the $125 billion market to almost $3 trillion in just five years

‘Monster Crypto Killer-App'—Crypto Suddenly Braced For A $2.8 Trillion PayPal Earthquake After Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Litecoin, Solana, Tron And Shiba Inu Price Boom

Shiba inu surged to a multi-month high on Saturday, as the meme coin extended its recent run of bullish momentum. The rally began as a result of the hopes surrounding its upcoming layer 2 launch. Dogecoin also extended recent gains to start the weekend.

Biggest Movers: SHIB Climbs to 4-Month High, as Meme Coins Rally on Saturday

Cryptocurrency analysts of Coinidol.com report, Shiba Inu (SHIB) prices are rising and have been doing so since June 14.

Shiba Inu Reaches The Overbought Zone At A High Of $0.00001100

Open interest in Binance's SHIB futures has more than doubled to $101.65 million this month, hitting the highest since Feb. 5, according to data source Coinglass. SHIB futures are sized at 1000 SHIB per contract with up to 25x leverage.

Shiba Inu Open Interest Tops $100M, Raises Red Flag For Bitcoin

A closely followed crypto strategist is calling Bitcoin (BTC) an easy trade over the long term due to one possible catalyst. Pseudonymous analyst The Flow Horse, also known as Cantering Clark, tells his 180,900 X followers that he is long-term bullish on BTC because he believes the U.S.

Analyst Says Bitcoin's Going To Be an ‘Easy Long-Term Trade' Due to One Catalyst, Updates Outlook on Shiba Inu

A cryptocurrency analyst has shed light on correlation between two popular meme cryptocurrencies, Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE), suggesting a potential relationship in their price movements. What Happened: Cryptocurrency analyst and trader Ali Martinez shared data from IntoTheBlock which shows a positive correlation coefficient of 0.74 between these digital assets, implying that when the price of Shiba Inu experiences movements, Dogecoin tends to follow suit.

'Closely Watch Dogecoin:' Analyst Shows How Meme Coin Is Vibing Closely With Shiba Inu

The tokens were up as much as 5% in the past 24 hours, bucking a market-wide trend.

Shiba Inu Bucks Bitcoin Snoozefest Ahead of Shibarium Deployment

Bitcoin stands as the undisputed king, but other altcoins and meme coins like Shiba Inu and Dogecoin are an integral part of the crypto market. The rise of Bitcoin Spark, a new and promising cryptocurrency, has created a buzz among SHIB and DOGE holders.

Bitcoin Spark Gains Traction Amongst Shiba Inu And Dogecoin Investors

Shiba inu rose by as much as 10% during today's session, as bullish sentiment returned to cryptocurrency markets. The meme coin climbed to its highest point this week, with the global crypto market cap up nearly 2% as of writing. Solana was another big gainer, hitting a ten-day high on Wednesday.

Biggest Movers: SHIB 10% Higher on Wednesday, SOL Records 10-Day High

After SHIB and PEPE, the wider crypto market enjoyed a hefty boost after the Fed issued new clarifications about reigning in the industry.

SHIB, PEPE Lead Market Gains as US Fed Launches Crypto Supervision Program

Shiba Inu (CRYPTO: SHIB) experienced a significant surge of 7% in the last 24 hours, outperforming Dogecoin (CRYPTO: DOGE). The ascent comes as the highly-anticipated layer-2 solution, Shibarium, nears its release.

Shiba Inu Jumps 7% As Shibarium Launch Nears — SHIB Worth $55M Burned In A Single Day

Ether (ETH), bnb (BNB) and cardano (ADA) were similarly little changed. Dogecoin (DOGE) and Avalanche blockchain's avax (AVAX) fell 1.5% to lead losses among major tokens.

Bitcoin, Ether Flat as PayPal USD Report Fails to Ignite Market; SHIB Finds Support

Shiba Inu's (SHIB) upcoming blockchain-based digital identity project will have a “myriad” of use cases that will help maintain decentralization, according to pseudonymous memecoin lead developer Shytoshi Kusama. Shib, the ecosystem's official Twitter account, announced last week that Kusama is planning to integrate Self-Sovereign Identity (SSI) in all Shiba Inu projects.

Shiba Inu Developer Shytoshi Kusama Explains ‘Myriad' of Use Cases for New Shibarium Identity Project

Shiba Inu (CRYPTO: SHIB), the self-proclaimed “Dogecoin (CRYPTO: DOGE) Killer's” burn rate has surged over 145%. What Happened: In the past 24 hours, Shiburn, the burning mechanism, reported that 92 million SHIB tokens have been transferred to “inferno” wallets, effectively removing them from circulation forever.

Shiba Inu Burn Rate Spikes Over 130% — Can $10 Worth SHIB Make You A Meme Coin Millionaire Today?

A closely followed analyst says that Shiba Inu's (SHIB) latest rally could be a setup to trap bulls wanting to long the memecoin. Pseudonymous analyst Cheds tells his 311,700 Twitter followers that Shiba Inu is currently witnessing a surge within a macro downtrend.

News for Shiba Inu Crypto (SHIB)