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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) experienced a significant surge of 7% in the last 24 hours, outperforming Dogecoin (CRYPTO: DOGE). The ascent comes as the highly-anticipated layer-2 solution, Shibarium, nears its release.

Shiba Inu Jumps 7% As Shibarium Launch Nears — SHIB Worth $55M Burned In A Single Day

Bitcoin

Ethereum

Ether (ETH), bnb (BNB) and cardano (ADA) were similarly little changed. Dogecoin (DOGE) and Avalanche blockchain's avax (AVAX) fell 1.5% to lead losses among major tokens.

Bitcoin, Ether Flat as PayPal USD Report Fails to Ignite Market; SHIB Finds Support

Shiba Inu's (SHIB) upcoming blockchain-based digital identity project will have a “myriad” of use cases that will help maintain decentralization, according to pseudonymous memecoin lead developer Shytoshi Kusama. Shib, the ecosystem's official Twitter account, announced last week that Kusama is planning to integrate Self-Sovereign Identity (SSI) in all Shiba Inu projects.

Shiba Inu Developer Shytoshi Kusama Explains ‘Myriad' of Use Cases for New Shibarium Identity Project

Shiba Inu (CRYPTO: SHIB), the self-proclaimed “Dogecoin (CRYPTO: DOGE) Killer's” burn rate has surged over 145%. What Happened: In the past 24 hours, Shiburn, the burning mechanism, reported that 92 million SHIB tokens have been transferred to “inferno” wallets, effectively removing them from circulation forever.

Shiba Inu Burn Rate Spikes Over 130% — Can $10 Worth SHIB Make You A Meme Coin Millionaire Today?

A closely followed analyst says that Shiba Inu's (SHIB) latest rally could be a setup to trap bulls wanting to long the memecoin. Pseudonymous analyst Cheds tells his 311,700 Twitter followers that Shiba Inu is currently witnessing a surge within a macro downtrend.

Analyst Issues Shiba Inu Warning, Predicts Imminent SHIB Correction Following Latest Rally

Cryptocurrency price analysis brought by Coinidol.com. The price of Shiba Inu (SHIB) has regained positive momentum after breaking above the $0.00000850 resistance level.

Shiba Inu Picks Up Momentum But Struggles To Top $0.00001050

The world's largest crypto exchange platform by volume has announced support for memecoin Shiba Inu (SHIB) as a collateral asset for one of its loan programs. In a new company statement, Binance says that it's adding SHIB, alongside a handful of other altcoins, as collateral to its flexible loan feature.

Crypto Exchange Binance Announces Addition of Shiba Inu (SHIB) As Collateral Asset for Flexible Loans

Shiba Inu (CRYPTO: SHIB) is seeing an extended upward momentum this weekend, with the dog-themed crypto taking a sharp leg up since early Saturday. What Happened: SHIB as well as its sister token Bone Shiba Swap (CRYPTO: BONE) were among the biggest gainers on Saturday, with the former advancing close to 13%.

Shiba Inu Rally Accelerates Over The Weekend As The Meme Crypto Goes Vertical: What's Going On

Shiba inu was a notable gainer during Saturday's session, as the meme coin climbed to a three-month high. The move comes as traders continue to react to Binance's decision to approve the coin as a collateral asset, in addition to the upcoming launch of Shibarium. Dogecoin also snapped its recent losing streak today.

Biggest Movers: SHIB Surges to 3-Month High to Start the Weekend

The Shiba Inu (SHIB) ecosystem will make blockchain-based digital identity part of the project's future developments. Shib, the ecosystem's official Twitter account, says that lead developer Shytoshi Kusama is planning to integrate Self-Sovereign Identity (SSI) in all Shiba Inu projects.

Shiba Inu (SHIB) Plans To Integrate Digital Identities Into Its Ecosystem's Projects, Says Developer

A widely followed crypto analyst says that Dogecoin (DOGE) rival Shiba Inu (SHIB) looks appealing while updating his outlook on the king crypto.

Top Crypto Trader Says Dogecoin Rival Shiba Inu Is ‘Looking Mighty Attractive', Updates Outlook on Bitcoin

Shiba inu was one of Friday's biggest movers, as markets reacted to the news that Binance had approved the meme coin as a collateralized asset. The cryptocurrency exchange confirmed that it was adding 22 new loanable and collateral assets to its Flexible and VIP Loan services. Solana was another notable gainer on Friday.

Biggest Movers: SHIB 5% Higher as Meme Coin Nears Key Resistance Level

Binance added SHIB as a collateral asset, while its developers are working hard to shed the meme coin status.

SHIB Surges 10% Over the Week Amid Push for Identity Service, Binance Integration

Cryptocurrency exchange Binance (CRYPTO: BNB) on Friday announced the approval of Shiba Inu (CRYPTO: SHIB), Compound (CRYPTO: COMP), and Theta (CRYPTO: THETA) as collateral assets. This move is part of Binance's ongoing efforts to expand its Flexible Loan and VIP Loan services.

Binance's Decision To Accept SHIB, COMP, And THETA As Collateral Assets Signals Growing Acceptance Of Meme Coins

Shiba Inu (CRYPTO: SHIB) is up 3% in the last 24 hours, outperforming top meme cryptocurrencies such as Dogecoin (CRYPTO: DOGE) and Pepe Coin (CRYPTO: PEPE). What Happened: The rise in spike comes after meme coin Shiba Inu's lead developer, on Wednesday, said it is planning to integrate Self-Sovereign Identity (SSI) into its protocols.

Shiba Inu Outperforms Dogecoin, Pepe Coin After This New Development — Here's Why It Is Up 3% Today

According to a blockchain representative, the Shiba Inu ecosystem intends to link all applications to a blockchain-based digital identity.

Shiba Inu Devs Working on Blockchain-Based Digital Identity Application

Shiba Inu (CRYPTO: SHIB) climbed almost 2% higher during Thursday's 24-hour trading session, showing strength compared to Dogecoin (CRYPTO: DOGE), which was struggling to trade flat after being pressured downwards earlier in the session. The crypto, dubbed the “Dogecoin Killer,” was moving higher on lower-than-average volume, which suggests consolidation.

Shiba Inu Climbs Higher, Outpaces Dogecoin: The Bull, Bear Case For The Crypto.

Shiba Inu devs announced plans to tie digital identity services to all SHIB platform applications in a move to leave its meme coin status.

SHIB Developers Aim to Leave Meme Coin Label Behind With New Identity Protocol Launch

Meme coin Shiba Inu (CRYPTO: SHIB) is planning to integrate Self-Sovereign Identity (SSI) into its protocols, a move expected to enhance the security of the network and provide users with more control over their digital identities. Shytoshi Kusama, the project's lead developer, stated that the integration of SSI is part of a broader mission to reimagine and redefine finance, trust, and identity for the digital age.

Shiba Inu Unveils Security Enhancement With Decentralized Identity Verification

Digital identity verification will be a part of all Shiba Inu developments in the future, including on the upcoming Shibarium layer 2 blockchain.

Shiba Inu Takes Step to Become DeFi Contender, Will Add Digital IDs to Ecosystem Projects

Dogecoin

Pepe

Pepe Coin (CRYPTO: PEPE) is up 6%, outperforming Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) in the last 24 hours. What Happened: At the time of writing, PEPE was trading at $0.000001288, which means owning $1.29 can make someone a PEPE millionaire, with $1 worth of PEPE equivalent to 775,795.19 Dogecoin and Shiba Inu were up 1.18% and 1.64% respectively in the past 24 hours.

Pepe Coin Jumps 6%, Leaves Dogecoin, Shiba Inu Trailing In The Dust — Can $1 Make You A PEPE Millionaire Today?

Bone ShibaSwap (CRYPTO: BONE) token within the Shiba Inu (CRYPTO: SHIB) ecosystem has outperformed popular meme coins like Dogecoin (CRYPTO: DOGE) and Pepe Coin (CRYPTO: PEPE), rising by 4% in the last 24 hours. What Happened: This surge in value comes after Shytoshi Kusama, SHIB lead developer on Monday announced plans to bolster the operations of Shibarium, an upcoming Layer 2 blockchain, by minting the remaining supply of BONE tokens and subsequently renouncing the BONE contract.

Shiba Inu Sister Token Spikes 4%, Outperforms DOGE and PEPE, After Lead Developer Says BONE To Serve As Passport To Shibarium

Shiba inu remained close to a two-month high to start the week, as sentiment in the meme coin remained mostly bullish on Monday. This comes despite the global cryptocurrency market cap mostly consolidating in today's session. Bitcoin cash was another notable exception, as the price rose by over 4%.

Biggest Movers: SHIB Stays Close to Recent 2-Month High on Monday

New data from market analytics platform Santiment reveals that mid size crypto investors have been scooping up Shiba Inu (SHIB) at a rapid rate over the last two months.

Shiba Inu Sharks and Dolphins Rapidly Gobble Up SHIB in Two-Month Long Accumulation: Santiment

The price of Shiba Inu (SHIB) continues to fluctuate in a range between $0.00000650 and $0.00000850.

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