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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

Ethereum

Crypto analyst Michaël van de Poppe is not a fan of meme coin Shiba Inu (SHIB), which has surged this week while most of the crypto markets cooled off. The trader tells his 458,400 Twitter followers that he hopes SHIB fades away, and says it's better to seek out other opportunities rather than falling prey […] The post Crypto Strategist Michaël van de Poppe Issues Shiba Inu Warning, Names Entry Zones for Bitcoin and Ethereum appeared first on The Daily Hodl.

Crypto Strategist Michaël van de Poppe Issues Shiba Inu Warning, Names Entry Zones for Bitcoin and Ethereum

The meme-based digital asset shiba inu has entered the top ten largest crypto assets by market capitalization, knocking dogecoin down a notch. In the last 30 days, the shiba inu token climbed 976% capturing a market cap of over $40 billion. Meanwhile, the concentration of shiba inu whales is still quite large these days alongside […]

Shiba Inu Soars Knocking Dogecoin Down a Notch — 20 Holders Own 75% of the SHIB Supply

A handful of market participants could largely be responsible for Shiba Inu's (CRYPTO: SHIB) seemingly unstoppable rally.

8 Whales Control 70% Of Shiba Inu Supply

Major crypto exchange Coinbase Global Inc (NASDAQ: COIN) faced an extended outage on Wednesday.

Coinbase Faces Extended Outages, Users Unable To Trade Shiba Inu

Buterin could have HODLed but he didn't, and SHIB fans are all the richer for it.

Remember All That SHIB Vitalik Buterin Burned? It's Now Worth $32.5 Billion

Dogecoin watch out! "Shiba inu" token muscles into cryptocurrency top 10

Dogecoin

Cathie Wood's ARK Invest snapped up over 2.2 million shares of Robinhood after the trading app's stock fell on Wednesday.

Cathie Wood's ARK Invest Buys Meme Stock Robinhood Amid Shib, Doge Rally

“The Black Swan” author Nassim Nicholas Taleb believes that the time to short Shiba Inu (CRYPTO: SHIB) and other cryptocurrencies is "perhaps" near.

Why 'The Black Swan' Author Thinks Time To Short Shiba Inu And Other Cryptos Is 'Perhaps' Near

Dogecoin, the "joke" bitcoin rival that's exploded in popularity earlier this year, has recently lost its meme crown to upstart shiba inu...

Memecoin Price Wars: Elon Musk Helps Dogecoin Suddenly Surge Back Above Shiba Inu As Bitcoin And Ethereum Plummet

Dogecoin shot up to the psychologically important $0.30 mark early Thursday morning. What Happened: The cryptocurrency soared 14.56% over 24 hours to $0.30 at press time.

The War Of Meme Coins: Dogecoin Fights Back As Shiba Inu Surpasses Its Market Cap

Meme coin Shiba Inu (CRYPTO: SHIB) shot up nearly 70% over 24 hours leading to press time late Wednesday to become the ninth-largest token by market cap, as per CoinGecko. This remarkable spurt of growth means it now enjoys a market capitalization larger than some familiar names.

Shiba Inu Is Now Bigger Than Robinhood, Etsy And Pinterest

Bitcoin (CRYPTO: BTC) traded below the psychologically important $60,000 level on Wednesday night as the global cryptocurrency market cap declined 0.26% to $2.61 trillion.

Bitcoin, Ethereum Fall Below Key Levels, Dogecoin Got Flipped By The Unstoppable Shiba Inu, DeFi Coins Regain Luster

Altcoins challenging Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have taken the crypto world by storm throughout the past year.

Here's How One Crypto Investor Made More Than $5B With Shiba Inu

Depending on which crypto price-tracking site you look at, Shiba Inu (CRYPTO: SHIB) overtook Dogecoin's (CRYPTO:

Shiba Inu Chases Dogecoin's Tail In A Sudden Memecoin Flippening

A steep climb in the price of the meme cryptocurrency Shiba Inu (SHIB) has pushed its market capitalization beyond that of dogecoin. The post SHIB overtakes DOGE as rival memecoin surpasses market capitalization appeared first on The Block.

SHIB overtakes DOGE as rival memecoin surpasses market capitalization

Popular meme coin Shiba Inu (CRYPTO: SHIB) is now the 11th-largest cryptocurrency by market cap after an explosive rally in October that sent the coin soaring to new highs.

Ethereum Whale Buys 277B Tokens As Shiba Inu Nears Dogecoin's Market Cap

Dog days for DOGE as the leading meme coin is close to being dethroned by a surging SHIB, which has entered the Top 10.

Ethereum Meme Token SHIB On Pace to Flip Dogecoin as Bitcoin Slumps

Crypto market analyst Lark Davis suggested Shiba Inu's (CRYPTO: SHIB) massive rally could be a sign of “overheated markets,” as Bitcoin (CRYPTO:

Shiba Inu Pump Could Be 'Crashing Bitcoin,' Popular Crypto Investor Says

Another dog-inspired cryptocurrency called shiba inu, or SHIB, hit an all-time high ofon Wednesday.

Shiba inu is up over 100% in the last 7 days—here's what to know before investing

The wider cryptocurrency market is experiencing a 5.98% pullback as top assets shed the latest gains. Meanwhile, meme token Shiba Inu rallies to new highs.

Shiba Inu On The Doorstep Of Crypto Top 10 While Major Tokens Struggle

Shiba inu has surged 28% in the last 24 hours, according to data from CoinGecko, hitting a record high above $0.00005.

Remember dogecoin? A rival 'meme token' just hit a record high and is close to overtaking it

The parody cryptocurrency — which appears to be inspired by dogecoin, another meme cryptocurrency — is up almost 30% over the past 24 hours, according to CoinGecko. It has pared back some of its gains since hitting its all-time high early morning US time, but remains the 11th biggest digital currency by market capitalization.

Shiba inu coin price hits a new record as Robinhood petition gains popularity

As Shiba Inu (CRYPTO: SHIB) touched an all-time high of $0.00005391 early Wednesday, it might appear that it is about to catch up with Dogecoin (CRYPTO: DOGE), but there's more to it than meets the eye.

Is Shiba Inu On Track To Topple Dogecoin In Market Cap?

Shiba Inu touched an all-time high earlier in the day, but meme cryptocurrency SafeMoon (CRYPTO: SAFEMOON) is also seeing strong

Watch Out Shiba Inu: Out-Of-Favor Altcoin SafeMoon May Be Back In The Game

The battle between Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) traders and inves

News for Shiba Inu Crypto (SHIB)