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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.

Bitcoin

A pseudonymous crypto analyst who correctly predicted the end of Bitcoin's (CRYPTO: BTC) bull market in 2021, believes that Shiba Inu (CRYPTO: SHIB) may be on the cusp of a strong bullish streak in the coming weeks. What Happened: ‘Pentoshi' tells his 673,700 Twitter followers, is bullish on SHIB after it broke its resistance at $0.000013.

Shiba Inu Zoomie Ahead? Analyst Who Nailed Bitcoin 2021 Cycle Expects Meme Coin 'Hype To Pick Up' In Few Weeks

A popular crypto strategist who correctly called the end of Bitcoin's (BTC) bull market in 2021 believes that top meme token Shiba Inu (SHIB) may be gearing up for bullish price action in the coming weeks. Pseudonymous analyst Pentoshi tells his 673,400 Twitter followers that SHIB looks strong after taking out its resistance at $0.000013.

Top Analyst Issues Alert to Shiba Inu Holders, Says SHIB Hype To Gain Momentum in Coming Weeks

Dogecoin

The meme coin economy has grown significantly over the past 27 days, increasing 34.52% against the U.S. dollar. The largest meme coin by market capitalization, dogecoin, has risen 29.5% in the past month, while the second-largest meme coin, shiba inu, has jumped 71.9% in 30 days. Since Jan.

Meme Coin Economy Swells by $5.8 Billion in Less Than a Month, Suggesting Demand for Meme Tokens Still High

A mysterious crypto whale is suddenly shifting trillions of Shiba Inu (SHIB) tokens as the top meme coin witnesses explosive price action over the past day. Blockchain-tracking service Whale Alert reveals that a deep-pocketed entity moved a total of 1,999,998,709,228 SHIB worth $24.

Shiba Inu Whale Abruptly Relocates 1,999,998,709,228 SHIB – Here's Where the Crypto Is Heading

Bitcoin and Ethereum made moderate moves this week, but other large-cap coins posted sizable gains—including Shiba Inu.

This Week in Coins: Bitcoin Barely Budges, But Render and SHIB Surge

WhaleStats shows that Shiba Inu (CRYPTO: SHIB) is now the most traded crypto among the top 1000 Ethereum (CRYPTO: ETH) whales. It also holds the biggest token position by dollar value.

Shiba Inu Rockets Higher As Meme Crypto Become Most Traded Among Top 1000 Ethereum Whales

Shiba inu extended recent gains into the weekend, as the meme coin rose to its highest point in four months. Today's surge saw prices climb by as much as 13%, and comes despite cryptocurrency markets mostly consolidating. Dogecoin also moved higher, breaking out of a recent ceiling in the process.

Biggest Movers: SHIB Jumps 13% on Saturday, Hitting a 4-Month High

A leading blockchain analytics firm reveals that more than 60% of meme token Dogecoin (DOGE) holders are in profit while the majority of rival meme token Shiba Inu (SHIB) owners are in the red. According to IntoTheBlock, 63% of DOGE holders are profitable in their investments while 35% are sitting on losses.

Over 60% of Dogecoin Holders in Profit While Majority of Shiba Inu Investors Sitting on Losses: IntoTheBlock

The community of Dogecoin (DOGE) competitor Shiba Inu (SHIB) is petitioning Binance to list a crypto asset that was recently designated as the governance token of its upcoming decentralized finance (DeFi) platform. In a new petition on Change.

Shiba Inu (SHIB) Army Petitions Binance To List Shibaswap (BONE) on World's Largest Crypto Exchange

Polkadot

Shiba inu was one of Friday's biggest gainers, as the meme coin remained close to a recent three month high. The token has been in the green for the majority of today's session, despite the global cryptocurrency market cap falling 1.28% at the time of writing.

Biggest Movers: SHIB, DOT Remain Near 3-Month Highs, Despite Crypto Markets Falling

A crypto analyst says Elon Musk could cause the meme token Dogecoin (DOGE) to breakout from an enduring resistance level. Pseudonymous analyst Pentoshi tells his 672,200 Twitter followers that the biggest rival to meme token Shiba Inu (SHIB) is showing bullish support that may send it higher.

Elon Musk To Spark Next Dogecoin Rally? Crypto Analysts Look at Catalysts for Shiba Inu's Biggest Competitor

A leading crypto analytics firm finds that meme token Dogecoin (DOGE) experienced the highest number of whale transactions to date this year on January 31st. Data from crypto analytics platform Santiment shows that there were 523 DOGE transactions worth over $100,000 each at the end of January, the highest since November 27th.

Dogecoin Whale Transactions Hit 2023 High Amid Rival Shiba Inu's 40% Year-to-Date Surge: Santiment

A mysterious crypto whale is abruptly relocating trillions of Shiba Inu (SHIB) as the top meme coin gears up for a highly anticipated upgrade. Blockchain-tracking service Whale Alert reveals that the deep-pocketed crypto investor moved 3,272,307,240,798 SHIB worth $38.87 million at time of transfer, from one wallet of unknown origin to another.

Mysterious Shiba Inu Whale Abruptly Shifts 3,272,307,240,798 SHIB in Massive Crypto Transaction

The lead developer behind Shiba Inu's big ecosystem expansion is offering an initial glimpse at some of the first crypto projects that could launch on the network. Shiba Inu is building a layer-2 protocol on Ethereum that's similar in concept to projects like Polygon, Arbitrum and Optimism.

Shiba Inu Teases New Crypto Projects As Dogecoin Rival Prepares to Launch Major Ecosystem Expansion

A top executive of investment firm Cyber Capital says dog-themed meme tokens Dogecoin (DOGE) and Shiba Inu (SHIB) are among the most decentralized digital assets on the market.

Dogecoin and Shiba Inu Among the Most Decentralized Crypto Assets, Says Cyber Capital's Top Strategist

A deep-pocketed crypto trader is suddenly moving more than 3 trillion Shiba Inu (SHIB) ahead of the blockchain project's planned major upgrade. According to new data from the whale-surveying platform WhaleAlert, a crypto whale abruptly shifted a staggering 3,312,307,240,798 SHIB, valued at $38,257,148 at time of writing, from one unknown wallet to another.

Mysterious Crypto Whale Abruptly Moves 3,312,307,240,798 Shiba Inu (SHIB) in Eye-Popping Transaction

Over 3 trillion of Shiba Inu (CRYPTO: SHIB) worth $34.2 million was moved to an unknown wallet late on Thursday. What Happened: This comes just hours later SHIB developer Shytoshi Kusama confirmed in a discord channel that one goal of Shibairum is to burn trillions of SHIB.

3 Trillion Shiba Inu Transferred To Mysterious Wallet After Kusama Confirms Massive Burn Ahead Of Shibarium Launch

A leading cryptocurrency hardware wallet provider plans to support Shiba Inu's (SHIB) major upgrade to the blockchain project. Ledger says plans are already underway to integrate SHIB's layer-2 blockchain called Shibarium, which is expected for release this year.

Largest Crypto Wallets To Support Major Shiba Inu (SHIB) Upgrade As Dogecoin Rival Holds 70% Gains Year-to-Date

Ethereum

Shiba Inu's (CRYPTO: SHIB) rally cooled down after it reached a monthly high of $0.00001251. However, it seems that Ethereum (CRYPTO: ETH) whales are not ready to give up yet.

Shiba Inu Rally Fades — But Ethereum Whales Keep The Faith

One of the largest Ethereum (ETH) whales in existence is filling its bags full of Dogecoin (DOGE) rival Shiba Inu (SHIB) in a big way. According to blockchain tracking service WhaleStats, the large Ethereum whale has accumulated over $228 million worth of SHIB, currently holding more than 18 trillion tokens.

Massive Ethereum Whale Loads Up on Shiba Inu, Accumulates Over $228,000,000 in SHIB: WhaleStats

Recent data from WhaleStats shows that Shiba Inu 's (CRYPTO: SHIB) holdings of Ethereum (CRYPTO: ETH) whales have grown by hundreds of millions of dollars. The WhaleStats data shows that the top 2000 ETH whales have accumulated more than $620 million worth of Shiba Inu, up from $161 million on Jan. 15.

Ethereum Whales Accumulate Over $450M Of Shiba Inu In 1 Week: Here's How Much They're Holding Now

“The Price of Tomorrow” author Jeff Booth has warned of a “great depression on steroids” if the U.S. Federal Reserve keeps hiking interest rates, while buzz about the anticipated layer two (L2) scaling solution known as Shibarium has been the backdrop for dynamic price movements in shiba inu.

Debt Deflation Warnings, Shibarium Buzz Sees SHIB Rise, Former FTX US President Talks SBF, and More — Week in Review

New data reveals that the Shiba Inu (SHIB) holdings of the world's largest Ethereum (ETH) whales have grown by hundreds of millions of dollars in less than a week. According to whale-surveying platform WhaleStats, the top 1,000 ETH whales have gobbled up $422 million worth of the meme asset since January 17th.

Ethereum Whales Accumulate Staggering $422,000,000 of Shiba Inu in Less Than One Week: On-Chain Data

Cardano

Chainlink

Polygon

Uniswap

Analytics platform Santiment says that the two largest meme coins by market cap and seven other crypto assets currently pose a relatively lower risk for investors. Santiment says that based on the market-value-to-realized-value (MVRV) Z-score, Dogecoin (DOGE) and Shiba Inu (SHIB) are undervalued and lower risk. Dogecoin is trading at $0.

Dogecoin, Shiba Inu and Seven Additional Crypto Assets Are Massively Undervalued Based on One Metric: Santiment

Dogecoin (DOGE) rival Shiba Inu (SHIB) is continuing its 2023 price surge this week as it gets a listing on South Korea's top crypto exchange by trading volume.

News for Shiba Inu Crypto (SHIB)