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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.

Pepe

The meme coin market is heating up again, with Shiba Inu (SHIB) seeing a 20% price jump since yesterday. Not to be outdone, the Boy's Club-inspired duo, Brett (BRETT) and Pepe (PEPE), aren't far behind – racking up some impressive gains of their own.

Shiba Inu Price Rockets 20%, Brett and Pepe Also Pumping – Time to Buy Meme Coins?

Bitcoin

Dogecoin

The cryptocurrency market surged Thursday, extending the rise sparked by the Federal Reserve's first interest rate cut in more than four years. The rally was spearheaded by popular dog-themed memecoin Shiba Inu, which spiked more than 20% in the last 24 hours, touching levels not seen since mid-June.

If You Invested $1000 In Bitcoin, Dogecoin, And Shiba Inu Exactly A Year Ago, This Crypto Would Give You The Best Returns Today

Meme coins have roared back with strong gains over the past 48 hours, riding on the coattails of Bitcoin's comeback above $65,000. What Happened: According to Coingecko data, the market capitalization of meme coins has surged by 18.5% in the past 24 hours, approaching the $55.9 billion mark.

'Dogecoin Killer' Shiba Inu Pumps 15%, Pepe, Bonk, Floki Chasing In Its Slipstream: What Is Suddenly Going On With Meme Coins?

Shytoshi Kusama, the mysterious lead developer of the Shiba Inu (CRYPTO: SHIB), shared a GIF, purportedly celebrating the breakout rally of the ecosystem's top cryptocurrencies. What happened: On Thursday, the pseudonymous lead posted a meme on X, showing Vegeta, a character in the popular anime series Dragon Ball, smirking after looking at a device.

Shiba Inu Soars 29% On SHI Stablecoin Update: Lead Developer Shytoshi Kusama Teases Breakout With Dragon Ball Meme — Burn Rate Soars 33818%

Meme coin leaders Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are picking up steam and could rise even further, according to predictions. What Happened: Shiba Inu's burn rate increased by 640.7%, as around 1 million SHIB coins were burned in a single transaction, according to Shibburn data.

Dogecoin Up 6%, Shiba Inu Surges 14%: What's Going On With The Meme Coin Kings?

Solana

The cryptocurrency market is set to enter the last quarter of the financial year, and memecoins have already been the star performers. What happened: A plethora of tokens inspired by dogs and cats have netted massive returns to their holders year-to-date.

Solana Memecoins Popcat and Dogwifhat Are Soaring In 2024 — One Even Surged 12882% But Why Are Ethereum-Based Shiba Inu And Floki Lagging?

Shiba Inu (CRYPTO: SHIB) is trading 8% higher in the past seven days bolstered by optimism, burn rates and whale transactions. What Happened: Shiba Inu's burn rate has surged by 7,168% with 6.9 million SHIB coins burned in one transaction and 1 million SHIB in another, according to Shibburn data.

'Dogecoin Killer' Shiba Inu's Burn Rate And Whale Transactions Are Surging: What Is Going On?

Cat-themed cryptocurrency, cat in a dogs world (MEW) defied the broader memecoin stagnation on Monday to become one of the cohort's top gainers. What happened: The fourth-largest memecoin on Solana (CRYPTO: SOL) jumped more than 10% in the last 24 hours, while its trading volumes soared 70%.

Cat In A Dogs World Logs Double-Digit Gains Defying Canine-Themed Dogecoin And Shiba Inu's Loss-Making Moves

Meme coin leaders Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) were left out of a veteran trader's top meme coin conviction list. What Happened: Veteran crypto trader Free Electron listed his top ten meme coins for the bull run, outlining his thesis and long-term target for each.

Dogecoin and Shiba Inu Excluded from Top Ten Meme Coins Conviction List—Here's What Top Trader Chose Instead

Popular dog-themed memecoin Shiba Inu (CRYPTO: SHIB) recorded a significant jump in its burn rate in the last 24 hours, although the community remained unimpressed. What happened: About 15.08 million SHIB tokens were kicked out of circulation, according to the official burn tracker, Shibburn, marking a surge of 772% over the last 24 hours.

'Dogecoin Killer' Shiba Inu's Burn Rate Shoots Up 772%, Shytoshi Kusama On Picking Up The Pace: 'Requires Funds To Do So'

The price of Shiba Inu (SHIB) has rebounded after rising above the moving average lines. SHIB rose above the current support level of $0.00001300 several times as positive momentum returned.

Shiba Inu Bounces Back But Encounters Resistance At $0.00001600

Pepe's (CRYPTO: PEPE) has been outperforming its dog-themed meme coin rivals, prompting calls for a surge to $10 billion and beyond. What Happened: Pseudonymous crypto trader SomSpencer declared the arrival of the "meme season" in the crypto market, emphasizing the importance of PEPE as a key indicator.

Pepe Leapfrogs Dogecoin, Shiba Inu In 30-Day Gains, Trading Volume: 'No One Is Bullish Enough,' Says Trader

Cat-themed meme coins are surging off the back of a major cryptocurrency rally, outperforming their dog-themed meme coin rivals. What Happened: In the past 24 hours, Popcat (CRYPTO: POPCAT) and Mew (CRYPTO: MEW) collected gains of 36% and 33%, respectively.

Cat Coins Popcat, MEW Eat Dogecoin's, Shiba Inu's Lunch With Gains Of Over 30%: What Is Going On?

Meme coin leaders Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have rallied 4.5% and 8% after the announcement of a 50-basis points rate cut in interest rates. What Happened: Interest rate cuts have prompted crypto traders to predict bullish momentum for the cryptocurrency markets.

Dogecoin Rallied 4.5%, 'Dogecoin Killer' Shiba Inu 8%: What Is Going On?

The official Shiba Inu (CRYPTO: SHIB) account on X has announced that tomorrow at noon EDT, the highly anticipated liquid staking platform, K9 Finance, will launch on the Shibarium network. What Happened: This new platform will allow users to engage in liquid staking for Bone ShibaSwap (CRYPTO: BONE), a key token in the Shiba Inu ecosystem.

Shiba Inu Team Says Launching K9 Finance Liquid Staking On Shibarium Tomorrow: Are SHIB Burns Set To Accelerate From Here On Now?

Shiba Inu's (CRYPTO: SHIB) relatively flat performance over the past week and month is accompanied by consistently rising burn rates. What Happened: The burn rate has skyrocketed by 14,506.9% thanks to a burn transaction of 25 million coins around 17 hours ago, according to Shibburn data.

Shiba Inu Burn Rate Spikes 14,500%, But: Market Is 'Heavily Manipulated, Not Even Elon Can Pump Doge,' Says Marketing Lead

Today, September 14, the price of Shiba Inu (SHIB) is trading sideways after the price drop on August 5. Price analysis by Coinidol.com.

Shiba Inu Pulls Back Above $0.00001230 And Trades In A Narrow Range

Shiba Inu (CRYPTO: SHIB) is up 10% over the past week and traders expect this pattern to continue. What Happened: With Shiba Inu prices rallying 4.4% in a single day, crypto trader Javon Marks noted that the meme coin is breaking out of its falling wedge pattern.

'Dogecoin Killer' Shiba Inu Burns 11 Million Coins In A Single Day: A Breakout 'May Spark The Next Wave Of An Over 480% Run,' Trader Says

A leading crypto analyst has utility-centered meme coins in his crosshairs. Austin Hilton says it's just a matter of time until Shiba Inu's next parabolic breakout. The analyst also expects huge gains for the new ICO token Crypto All-Stars. The Crypto All-Stars ($STARS) presale is ongoing, and it has just surpassed the $1.

Popular Trader Says Shiba Inu and Crypto All-Stars are His Top Altcoin Picks for the Next Bull Run

Shiba Inu's (CRYPTO: SHIB) dull monthly performance and technical indicators point to further short-term weakness for the popular meme coin. What Happened: Shiba Inu's burn rate has surged by 8,193.6% since burning 1 million coins around 13 hours ago, according to Shibburn data.

'Dogecoin Killer' Shiba Inu's Burn Rate Spikes 8,193%, But Technical Analysis Has Bad News For Bulls

Memecoins lifted Sunday as the broader cryptocurrency market staged a spirited recovery from Friday's lows. What happened: Cat-themed cryptocurrency, Popcat, led the rally, with gains upwards of 6.5% in the last 24 hours.

Popcat, Brett Outperform Dogecoin, Shiba Inu In 24 Hour Gains As Memecoins Join Broader Market Rise

The price of Shiba Inu (SHIB) is steadily falling below the moving average lines, reaching a low of $0.00001079 on August 5. Nevertheless, the price indicator points to a further decline to a low of $0.00000884.

Shiba Inu Falls As The Bears Try To Break The $0.00001300 Low

Shiba Inu (CRYPTO: SHIB) is trading higher as the burn rate spikes 189% prompting traders to predict a 231% rally for the meme coin. What Happened: Shibburn data reported a burn rate of 189.4% in the past 24 hours.

'Dogecoin Killer' Shiba Inu Confirms Bullish Patterns, Eyes 231% Recovery To 2024 Highs As Burn Rate Soars

Meme coins are in the spotlight today, rallying after an extended period in the red. Thanks to this revival, several new coins are beginning to gain traction. The most prominent is Crypto All-Stars (STARS) – with one crypto expert even suggesting it could 10x in price after listing on exchanges.

Meme Coin Prices Recover as Top Crypto Expert Predicts 10x Returns for New Crypto All-Stars Token

Memecoins staged a robust recovery on Monday as the broader cryptocurrency market rallied on the Labor Day holiday. What happened: The charge was led by Solana (CRYPTO: SOL)-based token, dogwifhat, which recorded a spike of over 12% in the last 24 hours.

News for Shiba Inu Crypto (SHIB)