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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.

Dogecoin

The two leading meme coins Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have recorded monthly gains of 109% and 238%, respectively. However, their gains pale in comparison to other dog coins, frog coins or cat coins.

Why Can't Dogecoin And Shiba Inu Keep Up With Other Meme Coins?

Despite Shiba Inu's price currently dropping 5.7% in a single day and jeopardizing growth, the Shib community states that Shiboshi non-fungible tokens (NFTs) are like a passive income for life. What Happened: Data from IntoTheBlock indicates a sudden spike in Shiba Inu whale transactions to 923 (17.6 trillion SHIB) as of March 11 compared to 588 transactions (5.74 trillion SHIB) as of March 10.

'Dogecoin Killer' Shiba Inu Witnesses 6.84M Tokens Shifted To Coinbase, Binance: Rep Touts Shiboshi As 'Passive Income For Life'

A newly emerged memecoin branded after the viral X influencer NFTNick rallied 1,136% in the past three days. The token was created three days ago and riding on the back of NFTNick's X community popularity.

Viral NFTNick Kicks Dogecoin, Shiba Inu Out Of The Spotlight With 1,136% Gains Backed By 'Choose Rich' Catchphrase

Bitcoin

Ethereum

Pepe

Tesla investor Ross Gerber took to X, formerly Twitter, to caution the younger generation about the pitfalls of investing in lesser-known cryptocurrencies, commonly referred to as “sh*tcoins.” What Happened: On Monday, Gerber took to X and urged them to focus on established cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), referring to them as the king and queen of the crypto world.

Tesla Bull Says Don't Fall For 'Sh*tcoins' Like DOGE, SHIB, PEPE: 'Stick To The King, Bitcoin. Or Queen, ETH'

Bitcoin ETF inflows could lead to a “sell-side” crisis in the coming months, one market observer said.

DOGE, SHIB Rally Eases as Bitcoin Bullishness Remains 'Elevated'

In February, crypto phishers managed to steal a staggering $47 million, primarily through fake accounts on Elon Musk‘s social media platform X. These scams, related to Bitcoin, Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and other cryptocurrencies, resulted in over 57,000 victims falling prey to these schemes.

Staggering $47M Stolen In Crypto By Bitcoin, Dogecoin And Shiba Inu Phishers In February, Targeting 57K Victims On Elon Musk's X

Shiba Inu (CRYPTO: SHIB) could not spur a rally last week despite whale movements and recent token burns. What Happened: Etherscan data indicated a movement of 2 trillion Shiba Inu tokens, worth $78.5 million, between hot wallets of the Crypto.com exchange.

Shiba Inu TVL Peaks At $2.25M As 2 Trillion SHIB Tokens Move Between Exchange's Hot Wallets

In the first two months of 2024, the cryptocurrency community has been hit with a staggering $104 million in losses due to phishing incidents. The majority of the victims were Ethereum (CRYPTO: ETH) users, who accounted for $78 million of the losses.

Crypto Community Lost Staggering $104M In Bitcoin, Dogecoin, Shiba Inu Phishing Scams In 2024: Ethereum Users Hit The Hardest

The price of Shiba Inu (SHIB) is still above the moving average lines, but the uptrend has stopped at $0.00004500 on March 5, 2024.

Shiba Inu Price Rally Ends And Drops

Crypto analyst Ali Martinez has identified a crucial pattern for Shiba Inu (CRYPTO: SHIB) on the coin's 4-hour chart, suggesting a significant price movement could be imminent, provided it could carry out a “sustained close” above the $0.000038 resistance. What Happened: On Sunday, Ali Martinez highlighted a technical formation for SHIB.

Is 'Dogecoin Killer' Shiba Inu Headed For Another 40% Surge? Crypto Analyst Predicts 'Bullish Breakout' For SHIB Under These Conditions

The U.S. witnessed a staggering 53% increase in losses from cryptocurrency investment scams in 2023, reaching a total of $3.94 billion, according to a recent report by the Federal Bureau of Investigation (FBI). What Happened: The FBI's Internet Crime Report 2023 revealed that the total losses from scams related to crypto, such as Bitcoin (CRYPTO: BTC), Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), in 2023 rose to $3.94 billion, marking a 53% increase from the previous year's $2.57 billion, Coindesk reported.

Americans Lost Staggering $3.94B To Bitcoin, Dogecoin, Shiba Inu And Other Crypto Investment Scams In 2023, FBI Report Reveals

Shiba Inu (CRYPTO: SHIB) continued its upward trajectory with a 13% gain in Friday's trading session, fueled by hints from the community about potential token burns and increasing meme coin adoption. What Happened: Lucie, the marketing strategist of the Shiba Inu community, recently highlighted that 40 Ethereum had been collected for burning, hinting at "SHIB burns incoming.

Shiba Inu Pumps 13%, Dethroning Rival Dogecoin In One Important Trading Metric With 'Burns Incoming'

Surging meme coins and other altcoins can apparently thank Bitcoin for filling traders' pockets, says Bitwise CIO Matt Hougan.

Bitcoin Gains Are Pushing Traders Into Meme Coins, Says Bitwise Exec

Bitcoin cash and ethereum classic also posted significant gains as all 20 cryptos in the gauge appreciated.

SHIB's 106% Move Higher Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update

"Dogecoin killer" Shiba Inu (CRYPTO: SHIB) is currently navigating a 7.7% dip but recent developments and a surge in total transactions signal a potential rebound for the memecoin. What Happened: Shibarium scan data shows Shiba crossed the milestone of 400 million total transactions, showcasing a robust level of activity within its ecosystem driven by low fees.

'Dogecoin Killer' Shiba Inu Gears Up For A 'Potential Rebound': Transactions Surpass 400M, Shiba Names Launched

dogwifhat

The stellar rise of Dogwifhat (CRYPTO: WIF) has made it just the latest dog-themed member of the $2 billion valuation club. Dog-themed meme coins, currently 36 in total, boast a combined market capitalization of $47.3 billion, according to Coingecko data.

Dogecoin, Shiba Inu Welcome Dogwifhat In $2B Market Cap Club: Why Do Dogs Dominate Cats in Crypto?

The cryptocurrency market has shifted gears, with artificial intelligence (AI) tokens surging on Thursday, while meme coins, like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: DOGE), saw a decline. What Happened: This trend coincides with an upcoming Nvidia conference where crypto AI projects are expected to have a presence.

Shiba Inu, Dogecoin Caged As AI Coins Like Fetch.AI Excite Market: Here's Why

Data from CoinGecko shows the AI token category was up 25% on average in the past 24 hours, compared to bitcoin's 0.3% increase.

Crypto AI Tokens in Focus as DOGE, SHIB Rally Starts to Ease

BitMex co-founder Arthur Hayes expressed enthusiasm for the growing influence of “dog money” on the internet as Shiba Inu (CRYPTO: SHIB) opened early access to their new venture, SHIB Name. What Happened: This comes in response to an announcement about early access to Shib Names, a new initiative within the Shiba Inu community.

Arthur Hayes Celebrates As 'Dogecoin Killer' Shiba Inu Rolls Out SHIB Names Tokens Early: 'Dog Money Is Taking Over The Internet'

"Dogecoin killer" Shiba Inu (CRYPTO: SHIB) is up 1.7% in past 24 hours, maintaining its top 10 spot by market capitalization. What Happened: Shytoshi Kusama, Shiba Inu's lead developer, tweeted about major releases coming soon.

Shiba Inu Burns 100M Tokens In Single Transaction: 'Another 120% Move From Here,' Predicts Trader

Bonk

The Bitcoin (CRYPTO: BTC) year-to-date surge of almost 60% captured most attention, but it paled in comparison to the massive gains of memecoins like Shiba Inu (CRYPTO: SHIB), Dogecoin (CRYPTO: DOGE), Dogwifhat (CRYPTO: WIF) and Bonk (CRYPTO: BONK). Benzinga took a look at what factors were driving this resurgence in memecoin prices and how established memecoins have a leg up on their new rivals.

How Dogecoin, Shiba Inu Plan To Fight Off The Challenge Of Bonk, Dogwifhat

Solana

Myro (CRYPTO: MYRO), Solana's latest Dogcoin star, recorded a 248.5% weekly gain, amid multiple exchange listings. What Happened: The official handle of Myro announced that it will be listed on cryptocurrency exchange HTX Global for Perpetual Futures trading with up to 20x leverage.

'Shiba Inu Of Solana' Myro Prints 250% Weekly Gain: Trader Predicts 'It's Gonna Go Parabolic'

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices falling below the key $67,000 level on Wednesday. Ethereum (CRYPTO: ETH), meanwhile, recorded gains, trading above the key $3,800 mark this morning.

Bitcoin Falls Below This Key Level; Shiba Inu, eCash Among Top Losers

New data from crypto tracker Lookonchain reveals that a 2021 trade involving memecoin Shiba Inu (SHIB) has posted over 600x gains and has moved onto top US-based crypto exchange Coinbase. Lookonchain notes the trader spent 1.

Legendary Shiba Inu (SHIB) Trade Goes 628X Since 2021 Before Being Deposited Into Coinbase: Lookonchain

Shytoshi Kusama, the lead developer of Shiba Inu (CRYPTO: SHIB), slammed U.Today for misquoting him in an article about SHIB reaching a $100 billion market cap. What Happened: U.

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