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.

Dogecoin

Cardano (CRYPTO: ADA) founder Charles Hoskinson says that meme coins including Shiba Inu (CRYPTO: SHIB), Dogecoin (CRYPTO: DOGE),&n

Meme Coins Like Shiba Inu And Dogecoin Have Reached Massive Market Caps Despite Lacking User Utility, Says Charles Hoskinson

Gala

Chainlink

yearn.finance

Whale-watching bot WhaleStats is revealing which altcoins are popular purchases among Ethereum's (ETH) top 1,000 holders. According to the whale-surveilling bot, deep-pocketed Ethereum holders bought an average of $296,737 worth of stablecoin USD Coin (USDC) in the last 24 hours to top the list. It is followed by smart contract platform Ethereum and top stablecoin Tether […] The post Top Ethereum Whales Accumulating Axie Infinity, Shiba Inu and 7 Additional Altcoins: Report appeared first on The Daily Hodl.

Top Ethereum Whales Accumulating Axie Infinity, Shiba Inu and 7 Additional Altcoins: Report

Cardano (ADA) creator Charles Hoskinson says that meme coins have reached market caps of billions of dollars despite lacking user utility. The CEO of the blockchain tech firm responsible for the development of Cardano, Input Output Hong Kong (IOHK), tells his 291,000 YouTube subscribers that crypto projects should be evaluated based on their mission and […] The post Cardano Creator Examines Shiba Inu and Dogecoin, Lists Key Factors in Evaluating Crypto Projects appeared first on The Daily Hodl.

Cardano Creator Examines Shiba Inu and Dogecoin, Lists Key Factors in Evaluating Crypto Projects

A prominent market analyst is issuing a warning about popular dog-themed meme coins Shiba Inu (SHIB) and Dogecoin (DOGE). Bloomberg intelligence analyst Mike McGlone says the recent drops in the prices of SHIB and DOGE are a signal that investors are rotating away from speculative cryptocurrencies, something he believes would be better if it happened […] The post Top Commodities Analyst Issues Shiba Inu and Dogecoin Warning, Says ‘The Sooner the Better' for Altcoin Flush appeared first on The Daily Hodl.

Top Commodities Analyst Issues Shiba Inu and Dogecoin Warning, Says ‘The Sooner the Better' for Altcoin Flush

Bitcoin

Solana

Bitcoin is currently trading at around $58,000 per coin, while SOL and SHIB are seeing double digit daily gains.

Bitcoin Bounces at $55K as Solana, SHIB Lead Crypto Market Recovery

Some of the Dogecoin and Shiba Inu knockoffs are seeing strong gains as of Thursday night even as both Dogecoin and Shiba Inu tumbled.

Even As Dogecoin And Shiba Inu Slump, These Knockoffs Are Striking Major Gains Today, With One Coin Up 460%

Shiba Inu (CRYPTO: SHIB) — the Dogecoin (CRYPTO: DOGE)-killer memecoin turned utility token — is likely to hit a major milestone that will take it to the big cryptocurrency club.

Shiba Inu Approaches An Important Milestone

The 1,000 richest Ethereum (CRYPTO: ETH) wallets hold more than $2.36 billion worth of Shiba Inu (CRYPTO: SHIB) combined.

Whales Love Shiba Inu: Top 1K Ethereum Wallets Hold $2.36B SHIB

Aave

Uniswap

Digital asset analytics firm Santiment is looking at a handful of altcoins to gauge crypto's strength after the global market cap tanked by 8% in less than a day. In a new Santiment Insights report, the crypto intelligence company analyzes what it calls “blue chips” in the ERC-20 market segment: Shiba Inu (SHIB), Uniswap (UNI), […]

Are Altcoins Ready To Bounce? Crypto Insights Firm Santiment Looks at 5 Coins Including Shiba Inu and Chainlink

A key person associated with Shiba Inu (CRYPTO: SHIB) has launched a "war" on Fear, Uncertainty, and Doubt — or FUD — inspired by the legendary Chinese general Sun Tzu.

Shiba Inu Community Declares War Against Those Spreading 'Fear, Uncertainty, Doubt' — Taking Inspiration From Sun Tzu

Shiba Inu (CRYPTO: SHIB) could face a price reversion worthy of its parabolic rise, according to Bloomberg's senior commodity strategist Mike McGlone.

When The Shiba Inu Game Is Up, Other Assets Could Face 'Risk-Off' Sentiment: Report

The Shiba Coffee Company is now burning Shiba Inu (CRYPTO: SHIB) for every Shiba-branded coffee sold, permanently decreasing the circulating supply of the coin.

Shiba Coffee Company Burns Shiba Inu For Each Coffe

ZenGo, a Samsung-backed cryptocurrency wallet service, said it has added meme cryptocurrency Shiba Inu (CRYPTO: SHIB) to its platform. What Happened: ZenGo made the announcement on Twitter.

Samsung-Backed Crypto Wallet Service ZenGo Adds Shiba Inu To Its Platform

Shiba Inu's (CRYPTO: SHIB) price has decreased 10.01% over the past 24 hours to $0.000049, continuing its downward trend over the past week of -8.0%, moving from $0.000054 to its current price.

Shiba Inu Decreases More Than 10% Within 24 hours

Geoff Lewis, the co-founder and managing partner of Bedrock Capital, compared the meme-based cryptocurrency Shiba Inu (CRYPTO: SHIB) to electric vehicle manufacturer Rivian Automotive Inc (NASDAQ: RIVN).

Rivian, Shiba Inu Are More Alike Than Different, Says Bedrock Capital Co-Founder

Terra

Closely followed crypto strategist and trader Michaël van de Poppe is unveiling his latest price predictions for Shiba Inu (SHIB), Terra (LUNA) and three other altcoins. Van de Poppe tells his 486,300 Twitter followers that dog-theme meme coin Shiba Inu remains on a downtrend as it continues to print lower highs and lower lows. “If […] The post Crypto Analyst Michaël van de Poppe Updates Price Predictions for Shiba Inu, Terra and Three Additional Altcoins appeared first on The Daily Hodl.

Crypto Analyst Michaël van de Poppe Updates Price Predictions for Shiba Inu, Terra and Three Additional Altcoins

The largest movie theater chain in the U.S. already accepts bitcoin, ether, and other cryptos.

AMC Theatres to Accept Shiba Inu Within Two-Four Months

The CEO of the world's largest movie exhibition company, AMC Entertainment, says that payment service provider Bitpay has agreed to support the meme cryptocurrency shiba inu (SHIB) at his request. AMC will be able to accept shiba inu crypto for payments within the next few months. AMC Says Bitpay Agrees to Support Shiba Inu: SHIB […]

AMC CEO Says Bitpay Will Support Shiba Inu — AMC Set to Accept SHIB Next Quarter

Shiba Inu (CRYPTO: SHIB) has landed on major cryptocurrency exchange Gemini, significantly increasing the liquidity of the memecoin's ecosystem.

Gemini Crypto Exchange Lists Shiba Inu

AMC Entertainment Holdings Inc (NYSE: AMC) Adam Aron said on Twitter Monday that he asked a payment service provider to support Shiba Inu (CRYPTO: SHIB) so that the theater chain can accept the meme coin for online p

AMC To Begin Accepting Shiba Inu Coin For Payments Within Next 4 Months Via BitPay: CEO

The community of Shiba Inu (CRYPTO: SHIB) — the coin that was once touted as the Dogecoin (CRYPTO: DOGE) killer — is now rejecting the memecoin title, insisting that the token's utility made it a &

Shiba Inu Rejects Memecoin Title: It Has 'Real Utility'

Cryptocurrency mining is something that has been around for years. For most retail investors, buying and selling a coin is the only way to profit in the world of decentralized finance.

Entrepreneur Hai Dinho Shares How He Is Garnering 12,000 Shiba Inu Tokens Daily From An Old Laptop

Shiba Inu hype might have cooled after the October pump, but the top Dogecoin rival has just joined another leading exchange.

Gemini Adds SHIB Following the Dogecoin Rival's Massive Surge

Crypto intelligence platform IntoTheBlock reveals that a big percentage of Shiba Inu (SHIB) holders are still in green territory despite the meme coin's deep pullback from its all-time high. To determine which holders were currently in profit, IntoTheBlock looked at addresses with a Shiba Inu balance, identified the average cost at which the tokens were […] The post Majority of Shiba Inu Holders Are in Profit Despite Deep Correction From All-Time High: Crypto Insights Firm IntoTheBlock appeared first on The Daily Hodl.

Majority of Shiba Inu Holders Are in Profit Despite Deep Correction From All-Time High: Crypto Insights Firm IntoTheBlock

A closely followed crypto strategist and trader says meme coin Shiba Inu (SHIB) looks poised to rally to its all-time high and predicts an epic rally for XRP. In a new strategy session, analyst Scott Melker tells his 110,000 YouTube subscribers that Shiba Inu looks bullish after taking out a diagonal resistance that has kept […] The post Crypto Analyst Says Shiba Inu Primed To Revisit All-Time High, Predicts Major Rally Incoming for XRP appeared first on The Daily Hodl.

News for Shiba Inu Crypto (SHIB)