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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.

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CryptoCodex: Bitcoin And Ethereum Left In The Dust By XRP And Dogecoin Rival Shiba Inu Price Surge

Shiba Inu (CRYPTO: SHIB) — the self-described “Dogecoin (CRYPTO: DOGE) killer” — has flipped Curve DAO Token (CRYPTO: CRV

Shiba Inu Coin Emerges As Most-Traded Token By Top 1,000 Ethereum Wallets

Shiba Inu is among the crypto market's biggest gainers as the price of the token exploded by 20% over the day.

SHIB Soars 20% Amid Crypto Market Revival

Shiba Inu (CRYPTO: SHIB) traded nearly 30% higher Sunday night amid a plan by Bigger Entertainment to burn tokens on Valentine's Day.

Dogecoin Rival Shiba Inu Is Soaring Ahead Of A Key Event Planned For Valentine's Day

Shiba Inu (CRYPTO: SHIB) may not have had a rip-roaring January to show, but the dog-themed currency has remained the favorite among digital currencies.

Shiba Inu Edges Out Bitcoin, Becomes The Most Popular Crypto On CoinMarketCap In January

A majority of investors trading Shiba Inu (CRYPTO: SHIB) on Coinbase Global Inc (NASDAQ: COIN) appear to be bullish on the meme-based cryptocurrency.

70% Of Shiba Inu Traders On Coinbase Are Now Buying: How Does This Compare To Last Month?

A recent announcement from Shiba Inu (CRYPTO: SHIB) appears to have missed the mark as disappointed members of the community took to Twitter to share their frustration.

Shiba Inu's Big Announcement Disappoints Community

A cryptocurrency whale just acquired nearly 48 billion Shiba Inu (CRYPTO: SHIB) tokens, as the coin is starting to attract more and more large-holder interest.

Shiba Inu Whale Adds Another 48B SHIB To Their Wallet, A New Crypto Whale Favorite?

One of Ethereum's (CRYPTO: ETH) most valuable wallets just added 50 billion Shiba Inu (CRYPTO: SHIB) to its already hefty reserves of the token as burn mechanisms continue decreasing the coin's supply.

Major Ethereum Whale Buys 50B SHIB As Burns Continue To Decrease Supply

Steven Cooper, the CEO of Bigger Entertainment, believes that community-led efforts can help Shiba Inu (CRYPTO: SHIB) reach a price of $0.01.

This CEO Explains How Shiba Inu Can Reach $0.01 'Through Entertainment'

Dogecoin

Senator Wendy Rogers (R-AZ) said that people should have the freedom to buy other cryptocurrencies such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), even if some of the digital coins are not "as

Arizona Senator Who Proposed The Bitcoin Bill Says People Should Be Able To Buy Dogecoin, Shiba Inu Because It's A Matter of 'Freedom'

Fans of major memecoin Shiba Inu (CRYPTO: SHIB) have started to conquer the physical world, with at least one brick-and-mortar business now accepting the crypto for food.

Shiba Inu Now Accepted For Food Purchases, But Would You Hand Over 158K SHIB For This Meal?

Robinhood CEO Explains Why He's Resisting Calls For Accepting Shiba Inu

CryptoRelief, the Covid-19 fund that received the original donation, is returning the sum, which Buterin will use for “higher-risk higher-reward” projects.

Buterin to Use Returned $100M From SHIB Donation for Covid Projects Worldwide

The Ethereum founder will use the funds for “very-high-value” bets in biotech and medical science after Indian charity faces hurdles.

Ethereum Founder Vitalik Buterin Will Get Back $100M of Donated SHIB Funds

Also today, Robinhood is unlikely to list SHIBA INU anytime soon... and it's just had a difficult set of financial results.

Crypto News, Jan. 28: Bad News for the SHIB Army

Overall, the trading platform made a net loss of $423 million in Q4, and believes revenue growth in the first quarter of 2022 will be disappointing to say the least.

Robinhood Unlikely to List SHIBA INU Any Time Soon

Robinhood says it has no immediate plans to add new tokens, but it has high hopes for its crypto wallet feature.

Sorry, SHIB: Robinhood Says No New Crypto Listings For Now

Shiba Inu (CRYPTO: SHIB) shares are trading lower Thursday in a crypto market that is seeing a strong bearish day.

Shiba Inu Is Crashing, But Not As Hard As Dogecoin: What's Next?

The largest Ethereum (CRYPTO: ETH) wallets have acquired $88 million worth of Shiba Inu (CRYPTO: SHIB) over the past few days.

Ethereum Whales Buy $88M Shiba Inu Tokens

Plus — doomed Diem is dead, according to reports.

Crypto News. Jan. 26: BIG Warning on DOGE and SHIB

The top 1000 richest Ethereum wallets are gobbling up the popular memecoin Shiba Inu (SHIB) at an alarming rate. Those top Ethereum wallets purchased more than $88 million worth of SHIB over a 24-hour period, according to the whale-monitoring bot WhaleStats. One address, the 262nd-largest Ethereum wallet, purchased more than $34 million worth of Shiba […] The post Largest Ethereum Whales Pounce on Shiba Inu, Buy Over $88,000,000 Worth of SHIB in the Past Day appeared first on The Daily Hodl.

Largest Ethereum Whales Pounce on Shiba Inu, Buy Over $88,000,000 Worth of SHIB in the Past Day

Shiba Inu (CRYPTO: SHIB) was trading slightly higher Tuesday after announcing it would be entering into the metaverse with an immersive experience — p

Shiba Inu Price Action Shows Signs Of Life Following Metaverse Foray

The creators behind meme-based cryptocurrency Shiba Inu (CRYPTO: SHIB) unveiled their first “special surprise” for the year on Tuesday.

Shiba Inu Announces A 'Special Surprise' For 2022; A Whole New World For The Crypto

Terra

Crypto intelligence firm Santiment says that some altcoins may have already seen the worst of the latest industry-wide correction and that recovery may be around the corner. The firm says that meme coin Shiba Inu (SHIB), algorithmic stablecoin blockchain Terra (LUNA) and decentralized exchange (DEX) platform Pancakeswap (CAKE) are recovering from the market dip quicker […] The post Shiba Inu (SHIB), Terra (LUNA) and Pancakeswap (CAKE) Showing Signs of Recovery After Altcoins Correct: Santiment appeared first on The Daily Hodl.

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