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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.

The price of Shiba Inu (SHIB) has fallen between the moving average lines. Cryptocurrency price analysis brought by Coinidol.com.

Shiba Inu Price Falls After Resistance At $0.00001000

Shiba Inu (CRYPTO: SHIB) has taken the spotlight this week with a soaring burn rate and rising daily transactions. The developments signal potential bullish momentum ahead.

A Shiba Inu Whale Just Bought 551 Billion SHIB: Last Time They Did That, SHIB Pumped 1,100%

Bonk

Dogecoin

dogwifhat

Memecoins — cryptocurrencies with no fundamental value except entertainment and speculation — appear to be on shaky ground. What Happened: Memecoin market capitalization increased 0.3% over the past 24 hours, reaching $22.5 billion, according to Coingecko.

Doge And Shiba Inu Flat; BONK, WIF And Myro Down; TRUMP Surges: Benzinga's Memecoin Mashup

Heavily-followed cryptocurrency content creator Jake Gagain compared Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) to predict which will have a higher market capitalization in the anticipated 2025 bull run. What Happened: In his four-minute video, Gagain compares various factors for the two memecoin heavyweights: $SHIB Vs $DOGE: Which #Memecoin Will Have A Higher Market Cap At The Peak Of The 2025 Bull Run?

Shiba Inu Vs. Dogecoin

The Shiba Inu (CRYPTO: SHIB) ecosystem continues to see positive developments, with the token expected to erase a zero from its value soon. What Happened: According to Shib Burn data, the past 24 hours saw a 2,730% increase in the token's burn rate, highlighted by a single transaction that burned 85 million tokens.

"Dogecoin Killer" Shiba Inu Burn Rate Spikes 2,730%, 3 Trillion Tokens Moved: 'Manifesting SHIB 1 Cent Soon,' Says ShibArmy

Pepe

Optimism is back in the cryptocurrency market for many, boosted by the approval of Bitcoin ETFs and a recent surge in meme coin activity. Benzinga polled its social media audience to identify the most popular meme coins in the current market.

Dogecoin, Shiba Inu, Pepe, Or GME Coin: Benzinga's Followers Weigh In On Their Meme Coin Fave - And The Winner Is

"Dogecoin killer" Shiba Inu (CRYPTO: SHIB) continues to attract interest with robust ecosystem activity and the potential for higher burn rates. What Happened: The trading volume of SHIB has increased 26% over the past 24 hours, as Shiba Inu's marketing lead Lucie revealed that the Shiba Inu ecosystem team intends to allocate 10% of the proceeds from its new NFT project for burning ecosystem tokens.

'Dogecoin Killer' Shiba Inu Daily Transactions Surge To 2.4M, SHIB Only 1.8% Off From Erasing A Zero

The price of Shiba Inu (SHIB) has recovered and has risen above the moving average lines. SHIB price analysis by Coinidol.com.

Shiba Inu Recovers In The Fight Against Resistance At $0.00001

Shiba Inu (CRYPTO: SHIB) continues its strong network activity, with a cryptic message by the lead developer spurring speculation about big news in the near future. What Happened: Shiba Inu's pseudonymous lead developer Shytoshi Kusama created ripples in the Shiba Inu community by tweeting “Love is in the air” from the official X account on Feb. 12.

Shiba Inu 2.5% Away From Erasing A Zero: 'Prepare Your Heart (And Wallets),' Says Lead Developer

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB), has witnessed a 1,800% surge in its burn rate in the last 24 hours. What Happened: Shibburn, a Shiba Inu burn rate tracker, revealed that over 27 million SHIB tokens were permanently from the actively traded supply.

'Dogecoin Killer' Shiba Inu Burn Rate Skyrockets Over 1800% As 27M SHIB Tokens Permanently Destroyed In A Single Day

Shiba Inu (CRYPTO: SHIB) is gaining positive momentum with strong network activity and buying interest from whales. Bullish expectations are also reflected in the marketing lead's latest announcement.

'Dogecoin Killer' Shiba Inu Sees 2,595% Surge Of Whale Inflows: 'Shibarium Is Set To Take Off,' Says Marketing Lead

Shiba Inu (SHIB) prices are falling below the moving average lines but have risen above the 21-day SMA. SHIB price analysis by Coindol.com.

Shiba Inu Has A Bullish Trend And Targets Up

Despite a 6.7% loss in January, the Shiba Inu (CRYPTO: SHIB) ecosystem is witnessing positive development. Analysts expect this to reflect in price upside soon.

'Dogecoin Killer' Shiba Inu Shines Despite Almost 7% Monthly Loss: 'Shiba Inu Sails Steadily,' Analyst Says

Shiba Inu (SHIB) price has reached bearish fatigue after holding above the $0.00000870 support level. The moving average lines have capped the upside.

Shiba Inu Holds Above $0.00000870 And Reaches Bearish Fatigue

Shiba Inu (CRYPTO: SHIB) experienced a token burn of nearly 10 billion tokens in January, as its marketing lead expressed optimism about Shibarium's progress. What Happened: Lucie, the marketing lead of Shiba Inu, shared an X post after meeting with the lead developer pseudonymously known as Shytoshi Kusama.

'Dogecoin Killer' Shiba Inu Burns 10B SHIB In January: 'Significant Partnerships In The Works'

Cryptocurrency trader and strategist Ali Martinez is expressing bullish sentiment on a Dogecoin (DOGE) competitor and Bitcoin (BTC).

Crypto Trader Says Dogecoin Rival Flashing Bullish Signal, Predicts Bitcoin Will Surge by Double-Digits

It's easy to be overwhelmed as a retail investor by the memecoin tsunami: GameStop coin here, Dogwifhat there — even a so-called "Meow" coin. How can retail investors make sense of it all?

GameStop, Dogwifhat And 'Dogecoin Killers:' How Memecoins Teach A 'Skill To Succeed' In Crypto

Cryptocurrency analyst Ali Martinez has observed a buy signal for self-proclaimed ‘Dogecoin (CRYPTO: DOGE) Killer' Shiba Inu (CRYPTO: SHIB) that suggests a rally could be on the horizon. What Happened: Martinez in a tweet on X said, “The TD Sequential indicator has proven remarkably precise in predicting Shiba Inu price movements.

'Dogecoin Killer' Shiba Inu Flashing 'Buy Signal' Says Crypto Analyst Ali Martinez: 'Could Climb To $0.010'

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB), has seen a spike in the burning of its tokens, exceeding a 1,500% increase within a single day. What Happened: Shibburn, a Shiba Inu burn rate tracker, revealed the elimination of 61 million SHIB tokens from the actively traded supply.

'Dogecoin Killer' Shiba Inu Burn Rate Skyrockets Over 1,500% On New Plan To Integrate 1000 New Projects To Shibarium

The price of Shiba Inu (SHIB) has fallen below the moving average lines but is holding above the $0.00000833 support. Coinidol.com bringing the latest price analysis of SHIB coin.

Shiba Inu Stops Its Downtrend And Stays Above $0.00000850

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB), has witnessed a surge in token burn activity with an increase exceeding 4,200% within a 24-hour window. What Happened: Shibburn, a Shiba Inu burn rate tracker, revealed the elimination of 15.72 million SHIB tokens from the actively traded supply.

'Dogecoin Killer' Shiba Inu Burn Rate Skyrockets Over 4200% After New Plan To Automate Burn Processes Unveiled

‘Dogecoin (CRYPTO: DOGE) Killer' Shiba Inu (CRYPTO: SHIB), burn rate soared by 450% in the last 24 hours. What Happened: Over 146 million SHIB tokens were permanently removed from circulation.

'Dogecoin Killer' Shiba Inu Burn Rate Spikes 450%, Over 146M SHIB Tokens Removed In A Single Day

The cryptocurrency world was anything but dull this week. Major developments, from a surge in Shiba Inu whale transactions to significant liquidations of long crypto positions, kept the market on its toes.

Trump Against CBDC, Shiba Inu's Whale Transaction Volume Soars, Dogecoin Predicted To Hit $5 Mark And More: This Week In Crypto

The cryptocurrency has retreated and is retesting the current support level of $0.00000890. According to price analysis by Coinidol.com, the bears tested the current support three times as the cryptocurrency rose above it.

Shiba Inu Recovers Amid Buying Pressure Above $0.00000890

Shiba Inu (CRYPTO: SHIB) is down 4.3% on the day, but fundamental developments point to potentially better times ahead for the Dogecoin (CRYPTO: DOGE) rival. What Happened: U.Today cited IntoTheBlock data that large transaction volumes skyrocketed from 902.36 billion SHIB on Jan. 14 to 5.9 trillion SHIB on Jan. 16, marking a 551.4% growth.

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