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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.

Shiba Inu (CRYPTO: SHIB) is down 13.3% in the past 24 hours despite a rise in active accounts and whale transactions with traders expecting the uptrend to continue. What Happened: Based on IntoTheBlock data, whale transactions greater than $100,000 spiked to 2,222 transactions on March 4 as compared to 845 transactions on March 3.

'Dogecoin Killer' Shiba Inu Dips 13% But Active Accounts, Whale Transactions Surge Over 100% Each

Dogecoin

Meme coins are still the biggest winners—despite the crypto crash this morning.

Dogecoin Has Doubled in Price This Week—And SHIB Has Tripled

CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).

CoinDesk 20 Hits Record as SHIB and DOGE Soar: CoinDesk Indices Market Update

Bonk

Self-proclaimed ‘BONK Killer' MILLI, saw a 80% increase in its value on Tuesday, eclipsing the performance of top meme cryptocurrencies such as Solana's (CRYPTO: SOL), BONK (CRYPTO: BONK), Dogecoin (CRYPTO: DOGE), and Shiba Inu (CRYPTO: SHIB). What Happened: According to data from CoinGecko, MILLI, which operates on the SEI (CRYPTO: SEI) network, achieved $522,075 in trading volume within the past 24 hours and has reached a market capitalization close to $2.5 million.

'BONK Killer' MILLI Leaves Dogecoin, Shiba Inu In The Dust, Surging Over 70% In A Single Day

dogwifhat

Dogwifhat (CRYPTO: WIF) rebounded from a price dip after Binance announced the token would be listed for spot trading, prompting bullish trader predictions. What Happened: Cryptocurrency exchange Binance announced on its X (formerly Twitter) account that Dogwifhat will be listed for spot trading.

'Shiba Inu Killer' Dogwifhat Leaps Towards $2 Following Binance Listing: 'Era Of The Meme Coin Is Back'

Renowned crypto enthusiast David Gokhshtein anticipated a remarkable rally for both Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) on Valentine's Day this year. What Happened: In a post on X, formerly Twitter, Gokhshtein expressed his unwavering belief in the potential resurgence of DOGE and SHIB.

This Long-Time Dogecoin Bull Made A Valentine's Day Prediction About DOGE, SHIB Comebacks — Here's How It Is Playing Out

Shiba Inu (CRYPTO: SHIB) on Monday experienced an astronomical rise, surpassing the market capitalizations of several technology companies such as Zoom, Snap, eBay, and MicroStrategy. What Happened: With a 90% surge within a 24-hour period, SHIB's market cap hit $26.71 billion on March 5, inching near rival Dogecoin (CRYPTO: DOGE), which boasts a market capitalization of $29.21 billion.

Shiba Inu Hits $26B In Market Cap, Surpasses Corporate Giants Zoom, MicroStrategy, Snap, And eBay

The tokens have logged over $1.7 billion in volumes on the regulated exchange in the past 24 hours, the most among counterparts.

Shiba Inu Prices Briefly Dropped 50% on Coinbase

The price of Shiba Inu (SHIB) has risen above the moving average lines and has reached a high of $0.00002386. Price analysis by Coinidol.com.

Shiba Inu Accelerates Forward And Reaches A High Level

Shiba Inu (CRYPTO: SHIB), the meme cryptocurrency proclaimed as the ‘Dogecoin (CRYPTO: DOGE) Killer,' posted over 90% increase in value within the last 24 hours. What Happened: This surge has propelled the meme cryptocurrency ahead of its peers, including Dogecoin, Pepe (CRYPTO: PEPE), and BONK (CRYPTO: BONK), as well as top cryptocurrencies Bitcoin and Ethereum.

Dogecoin Killer' Shiba Inu Soars 90% In A Single Day — But These Indicators Are Flashing 'Sell'

Polkadot

Shytoshi Kusama, the lead developer of Shiba Inu (CRYPTO: SHIB), hinted at the possibility of a decentralized SHIB world, and called for community support to make it a reality. What Happened: On Tuesday, Kusama took to X, formerly Twitter, to make an indirect reference to the .com era, and suggested the emergence of a “new SHIB world”.

Shiba Inu Lead Developer Kusama Echoes Dot Com Era Ahead Of Key Launch As SHIB Tops Charts: 'Can Get There, But Only With Your Help'

Shiba Inu (CRYPTO: SHIB) is in the top 10 most valuable cryptocurrencies, with investor sentiment and whale movements suggesting a further rally. What Happened: Shiba Inu is up 50.3% Monday, taking its weekly gains to 238.8%.

Shiba Inu Slingshots Back Into The Top 10 With 50% Explosion, Surpasses Dogecoin In Trading Volume

Bitcoin

Pepe

Crypto's memecoin sector is experiencing explosive gains as Bitcoin (BTC) crosses the $67,000 level for the first time since late 2021. Shiba Inu (SHIB), Pepe (PEPE) and Bonk (BONK) are among the top memecoins surging in value Monday, putting up double-digit gains.

Shiba Inu, Pepe, BONK and Memecoin Price Explosion Underway As Bitcoin Taps $67,000

Solana

While Bitcoin (CRYPTO: BTC) hit a new all-time high against the euro on Monday, the memecoin market experienced a significant rally, exceeding a $52 billion market capitalization within 24 hours. What Happened: Leading memecoins like Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and PepeCoin (CRYPTO: PEPE) saw impressive gains, with Dogecoin and Shiba Inu exceeding 18%.

Solana's BONK, PPBLZ, Popcat Join Memecoin Frenzy Led By Doge, Shiba Inu As Bitcoin Nears All-Time High

Memecoins such as Shiba Inu (CRYPTO: SHIB), PEPE (CRYPTO: PEPE), Floki (CRYPTO: FLOKI), and BONK (CRYPTO: BONK) are rallying, with prices rocketing. What Happened: The analytics platform Santiment reports that these memecoins have witnessed an average trading volume increase of over 3,000% in the last seven days.

Shiba Inu, PEPE, Floki, Bonk Ride Epic Bitcoin Rally With 3000% Surge In Weekly Trading Volumes

Shytoshi Kusama, an influential figure in the cryptocurrency world and a lead Shiba Inu (CRYPTO: SHIB) developer, gave a cryptic response to a query about the best meme coin to invest in at present. What Happened: A user asked Kusama, “Which meme coin should I buy now?

Shiba Inu Lead Developer Shytoshi Kusama Got Asked Which Meme Coin To Buy Now, Here's What He Said Among Buzz For This Potent Rival

Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin has pointed out that important parts of cryptocurrency technology are not getting enough investments compared to popular meme currencies like “dogcoins.” What Happened: As Shiba Inu (CRYPTO: SHIB), Dogecoin (CRYPTO: DOGE), FLOKI (CRYPTO: FLOKI) and other meme coins rally, Buterin on Saturday responded to an X user Roko about the crypto infrastructure's deficiencies.

As Dogecoin, Shiba Inu Surge, Ethereum Co-Founder Vitalik Buterin Warns 'Some Categories..Are Way Over-Invested'

Open interest in SHIB futures has crossed above $100 million, hinting at a speculative froth.

Shiba Inu Rings Greed Alarm As Bitcoin Eyes Record High

Meme-inspired cryptocurrency Shiba Inu (CRYPTO: SHIB) has recently climbed the ranks to become the fourth most traded cryptocurrency worldwide. According to data by CoinGecko, this marks a significant achievement for SHIB, highlighting its growing popularity and acceptance among investors and traders.

Meme Coin Mania: Shiba Inu Rises To Fourth Spot In Global Crypto Trading Volume

Meme coin Shiba Inu (CRYPTO: SHIB) is experiencing a monumental surge following last week's Bitcoin's (CRYPTO: BTC) impressive climb above the $64,000 threshold. In the early hours of Saturday, SHIB's value reached a multi-month peak, showcasing a remarkable 68.5% increase to $0.00002196 and a weekly upswing of 122.8%.

Up By 68.5%, Shiba Inu Soars To New Heights, As Investors Watch Inflows Explode

The past week saw the top memecoins with proverbially "face-melting gains," with Dogecoin, Shiba Inu and Pepe exploding for triple-digit percentage surges. What Happened: In the past 24 hours, the memecoin market cap exploded 39% to $44 billion, with a 24-hour trading volume of $17.6 billion per CoinGecko data.

Dogecoin, Shiba Inu, Pepe Erupt For 60%, 130%, 290% Weekly Gains: Benzinga's Memecoin Mashup

Pepe (PEPE), the frog-themed meme token on Ethereum, was up as much as 100% to set record highs.

SHIB, WIF Climb 60% as Shorts Lose $50M Betting Against Meme Coins

As Bitcoin roared, Ethereum, Solana, and Dogecoin also made big gains.

This Week in Coins: Bitcoin Rallies But Dogecoin and Other Memes Steal the Show

Shiba Inu (CRYPTO: SHIB) is trading 11% higher over the past 24 hours amid rising whale transactions and a major use case update for one of its tokens, TREAT. What Happened: Shiba Inu's gains tally to 60%, per CoinMarketCap data.

'Dogecoin Killer' Shiba Inu Explodes For 60% Weekly Gain: This Indicator Shows Golden Cross

All 20 of the CD20 assets were positive on the week, with fourteen posting returns greater than 10%.

News for Shiba Inu Crypto (SHIB)