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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.

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.

Shiba Inu (SHIB), Terra (LUNA) and Pancakeswap (CAKE) Showing Signs of Recovery After Altcoins Correct: Santiment

Cardano

Polygon

New data shows that the majority of Cardano (ADA), Shiba Inu (SHIB) and Polygon (MATIC) holders are now nursing losses as the crypto markets continue to sell-off.  Crypto insights firm IntoTheBlock looks at wallets with a Cardano balance, identifies the average purchase amount of the coins and compares the figure to the current price of […] The post Most Cardano (ADA), Shiba Inu (SHIB) and Polygon (MATIC) Holders Now Underwater Amid Deep Pullback: IntotheBlock appeared first on The Daily Hodl.

Most Cardano (ADA), Shiba Inu (SHIB) and Polygon (MATIC) Holders Now Underwater Amid Deep Pullback: IntotheBlock

Vitalik Buterin, the co-founder of the Ethereum (CRYPTO: ETH) blockchain, recently described how he burned close to $6.7 billion in Shiba Inu (CRYPTO: SHIB).

How Did Ethereum's Vitalik Buterin Vaporize $6.7 Billion Worth Of Shiba Inu?

Amid the crypto market mayhem, meme currency Shiba Inu (CRYPTO: SHIB) has a reason to cheer.

Shiba Gets Added To This Regulated Crypto Platform; Will Robinhood Be Next?

During an episode of the Up Only podcast, Vitalk Buterin gave a play-by-play of the intricacies of securely sending Ethereum and SHIB.

Ethereum Founder Vitalik Buterin Details How He Dumped $6.7 Billion in SHIB

A new survey by Hong Kong-based cryptocurrency exchange Huobi Global reveals that two dog-themed memecoins are among the most popular crypto assets in the US. The study, which polled 3,144 US adults, shows that Bitcoin (BTC) is the most popular cryptocurrency in the country with over 83% of the sample size responding that they've heard […] The post Dogecoin (DOGE) and Shiba Inu (SHIB) Among the Most Popular Cryptocurrencies in the US: New Huobi Global Survey appeared first on The Daily Hodl.

Dogecoin (DOGE) and Shiba Inu (SHIB) Among the Most Popular Cryptocurrencies in the US: New Huobi Global Survey

The top meme tokens by market capitalization have increased in value by 4.4% in the last 24 hours according to statistics. Dogecoin had a good week jumping more than 20% during the last seven days. However, 14 meme tokens surpassed dogecoin's weekly jump as a few tokens have seen triple-digit spikes over the last week. […]

Meme Coin Markets Gain Close to 5% in 24 Hours, Dogecoin's Value Jumps, 3 Meme Tokens See Triple Digit Gains

Amid another busy week of cryptocurrency trading, the Benzinga team decided to take a look into how often popular cryptocurrencies Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) are being searched for, relative to one another.

Shiba Inu Vs. Dogecoin: Here's Which Cryptocurrency Is Trending More On Google

The altcoin's team is upset over the addition of wrapped SHIB addresses on the coin's price page.

News for Shiba Inu Crypto (SHIB)