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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.

Pseudonymous Shiba Inu (SHIB) lead developer Shytoshi Kusama is proposing a strategy to onboard more people into the dog-inspired crypto asset as billions of the memecoin's tokens are burned. In a series of tweets on social media platform X, Shytoshi Kusama lays out a plan to spur the perpetual global adoption of Shiba Inu.

Lead Shiba Inu Developer Teases New ‘Partnershib,' Outlines Plan for SHIB To Be Adopted Worldwide Perpetually

Shiba Inu's (CRYPTO: SHIB) burn rate spiked by over 727,000% in the last 24 hours, with a total of 8.6 billion SHIB tokens burned in six transactions. What Happened: The Shiba Inu team performed the second major burn on Shibarium.

Shiba Inu Burns 8.6B Tokens Over The Weekend, Lead Developer Hints At More SHIB Burns To Come For Global Adoption

Prominent cryptocurrency analyst Ali Martinez foresees a major bullish breakout on the horizon for the self-proclaimed “Dogecoin (CRYPTO: DOGE) killer” Shiba Inu token (CRYPTO: SHIB), but he also pointed out what will happen in case it “faces rejection.” What Happened: On Friday, Martinez, a well-regarded crypto analyst, took to X (formerly Twitter) and said from September 2022 onwards, Shiba Inu has been transacting within a downward parallel channel.

'Dogecoin Killer' Shiba Inu Positioned For Major Bullish Breakout, Says Prominent Crypto Analyst — But It Can Go The Other Way Round Too

According to the price action, the upward movement of Shiba Inu (SHIB) has come to an end after reaching a high of $0.00001017.

Shiba Inu Is On A New High And Is Struggling With The Level Of $0.00001017

The cryptocurrency market has been closely monitoring the trajectory of Shiba Inu (CRYPTO: SHIB), a decentralized meme token that has been drawing attention since its inception. Created in August 2020 by an anonymous entity known as Ryoshi, Shiba Inu has established a significant presence in the crypto ecosystem, currently holding the 16th rank based on market capitalization.

Shibu Inu Is At The Brink Of All-Time Highs, Will It Roar? When Analysts Expect A Historic Pop

Total transactions on Shibarium have crossed the 100 million mark, coinciding with Shiba Inu's (CRYPTO: SHIB) listing Japanese crypto exchange, Coincheck. The token is trading in the green on Thursday.

'Extremely Bullish On The Direction Of SHIB' Says Shiba Inu Community Member; Shibarium Celebrates 100M Transactions

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer', Shiba Inu (CRYPTO: SHIB), rose by 6% over the past day. This gain notably outshined its meme cryptocurrency rivals, including Dogecoin and Pepe (CRYPTO: PEPE).

'Dogecoin Killer' Shiba Inu Surges 6% Leaving Pepe Coin, DOGE Trailing: Analyst Foresees 'Sustained Long-Term Growth'

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB) has registered a decrease of 0.51% in its supply on exchanges over the past month. What Happened: This trend was identified by cryptocurrency analytics firm Santiment and highlighted by a crypto trader known as @trader_kamikaze on X.

'Dogecoin Killer' Shiba Inu Supply Shrinks On Exchanges — Trader Says 'Setting Stage For Potential Gains'

Ethereum-based altcoin, Shiba Inu (CRYPTO: SHIB) emerged as a unique memecoin and alternative to Dogecoin. With high burn rates, significant whale holdings, and high daily transactions, the token is likely to see movement in its price.

What's Going On With Dogecoin Killer Shiba Inu? Lead Developer Hints At 'Game-Changing Announcement'

Bonk

Pepe

Meme coins have been on a tear over the past month, increasing by $6.7 billion and 39.18% since Nov. 8. While bonk (BONK) led the pack this past week, rising 153% against the U.S. dollar, several other meme coins like dogecoin, shiba inu, and pepe recorded double-digit gains.

Meme Coins Surge in Value, Gaining $6.7 Billion in a Month With BONK, PEPE, and SHIB Leading the Rally

Shiba Inu (SHIB) has been in an uptrend since the decline ended above the $0.00000670 support.

Shiba Inu's Uptrend Is Under Threat As It Has Reached The $0.00001135 High

Any crypto investor worth their salt has dreamed about catching a memecoin early. An early investment in a rocketing small cap, or a clutch allocation in an ICO.

A Modest Investment in $SHIB in 2020 Would Have Made You a Millionaire. Is The Memecoin Dream Still Alive Today?

The burn rate of the self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu token (CRYPTO: SHIB) has seen an increase of over 800% in the past day, culminating in the elimination of 10 million SHIB from circulation. What Happened: According to the latest data from Shibburn, the uptick in the burn rate can be attributed to a large transaction where over 10 million SHIB tokens were incinerated.

'Dogecoin Killer' Shiba Inu Token Burn Rate Skyrockets 800% As 10M SHIB Removed In A Single Day

Dogecoin

In the ever-evolving landscape of cryptocurrency, a new player has emerged in the dog-themed token space, challenging the long-standing dominance of Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). BONK (CRYPTO: BONK), a Solana (CRYPTO: SOL) based token, has made headlines with its extraordinary performance over the past week.

Dogecoin, Shiba Inu And FLOKI Sniff Out Competition As BONK Shakes Up Dog-Themed Token Turf

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB) meme cryptocurrency has seen its burn rate—that is, the rate at which coins are being permanently removed from circulation—skyrocket by a staggering 40,000% in a single day. What Happened: According to data from Shibburn, a SHIB burn tracker, over 8 billion SHIB tokens have disappeared from its supply.

'Dogecoin Killer' Shiba Inu Burn Rate Spikes 40,000% As Shibarium Reaches 30M In Transactions

Bitcoin

Ethereum

Just a over month ago, the cryptosphere resembled a post-apocalyptic wasteland. The FTX (CRYPTO: FTT) fallout, regulatory headwinds and global economic tremors had left investors cowering under a blanket of fear.

Crypto Nostradamuses Triumphant: Bitcoin, Ethereum, Shiba Inu, Dogecoin Take Off, Reaffirming Pundits' Predictions

Bitcoin continued to fly higher during Monday's 24-hour trading session, which helped propel Shiba Inu (CRYPTO: SHIB) up over 6% before the micro crypto retraced to near flat amid increased positive sentiment in the crypto sector. While Bitcoin and Ethereum have witnessed a sharp rise over recent weeks, Shiba Inu has shown comparative weakness.

Shiba Inu Shows Weakness Compared To Bitcoin, Dogecoin But A Golden Cross Just Formed: A Technical Analysis

Shiba Inu (CRYPTO: SHIB) price in the past 24-hour trading has seen a surge of 4% amidst a significant surge in daily transaction volume. What Happened: Data from Shibarium Scan reflects Shibarium reported its daily transaction of 7.84 million as of Dec. 3, 2023, compared to 5.11 million as of Dec. 1, 2023, and 748,230 as of Nov. 30, 2023.

Shiba Inu Surges As Shibarium Daily Transactions Hit Record High Levels Of 7.84M

With the launch of Shibarium this year, Shytoshi Kusama and the SHIB community have established themselves as a force to be reckoned with in DeFi and Web3.

Shytoshi Kusama and the SHIB community Proved that ‘Meme Coins' Are No Joke

According to Lookonchain, a blockchain analysis firm, FTX and Alameda Research transferred digital assets amounting to $22 million.

FTX and Alameda Transfers $22M in Crypto Tokens to Exchanges, Including IMX, GMT and SHIB

The cryptocurrency market experienced a whirlwind of action over the week. From Shiba Inu's burn rate skyrocketing to the influx of Kissinger-themed tokens, the digital currency landscape was anything but dull.

From 'Dogecoin Killer' Shiba Inu's Burn Rate Surge To Bitcoin's ETF Approval And Possible BTC Boom: Crypto Weekend Roundup

Shiba Inu (SHIB) price has been falling over the past week and has been trapped within the moving average lines.

Shiba Inu's Price Fluctuates As It Is Held In A Range Of $0.0000084

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB) meme cryptocurrency has seen its burn rate — the rate at which coins are being permanently removed from circulation — skyrocket by a staggering 500% in the span of a single day. What Happened: Data from Shibburn, a SHIB burn tracker shows over 83 million SHIB tokens have vanished from its supply, suggesting a sudden and deliberate effort by holders to reduce the coin's supply.

'Dogecoin Killer' Shiba Inu Burn Rate Skyrockets By 500% As Shibarium Logs Over 4M Transactions

Shiba Inu's (CRYPTO: SHIB) token burn rate has catapulted by 5,000% in the last 24 hours, leading to the destruction of approximately 2.7 million SHIB tokens, data from Shibburn shows. What Happened: The act of “burning” involves sending the tokens to a wallet address that is not retrievable, effectively removing them from circulation in hopes of increasing scarcity.

'Dogecoin Killer' Shiba Inu's Blazing Burn Rate Soars 5,000%, 2.7M Tokens Gone In A Day

Chainlink

New data reveals that hundreds of millions of dollars worth of altcoins have been drained from firms linked to Tron (TRX) founder Justin Sun. According to data from blockchain tracker Lookonchain, during the past 20 days, five major hacks have occurred, totaling $290 million worth of stolen funds.

News for Shiba Inu Crypto (SHIB)