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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: Memes Are the Future of Money

Dogecoin

Jordan Belfort, better known as “The Wolf of Wall Street,” sees no real value behind meme-coins such as Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE).

Jordan Belfort: Shiba Inu And Dogecoin Have 'No Value,' Meme-Coin Creators Should Be Jailed

Cardano

Terra

A popular crypto strategist and trader is plotting what could be ahead for Cardano (ADA), Shiba Inu (SHIB), Terra (LUNA) and two other altcoins. Pseudonymous cryoto analyst Altcoin Sherpa tells his 154,100 Twitter followers that he is short-term bullish on ADA after the smart contract platform managed to stay above support at $1.48. “ADA: Not […] The post Here's What's Next for Cardano, Shiba Inu, Terra and Two More Altcoins, According to Crypto Analyst appeared first on The Daily Hodl.

Here's What's Next for Cardano, Shiba Inu, Terra and Two More Altcoins, According to Crypto Analyst

Unfortunately, the boost to SHIBA INU's price proved short-lived — and at the time of writing, it's fallen by about 15% from the highs seen on Tuesday.

Why SHIBA INU Surged 38% on Tuesday

Shiba Inu (CRYPTO: SHIB) traded 4.9% lower over 24 hours at $0.00004563 early Wednesday morning.

Shiba Inu Coin Seeing Raging Popularity In India But Still Slumping Today: What's Going On?

Ethereum

Altcoins including Ethereum (CRYPTO: ETH) were buoyant Tuesday evening as the global cryptocurrency market capitalization increased 1.24% to $2.65 trillion.

Ethereum Outshines Bitcoin, Shiba Inu Leaves Dogecoin In The Dust — Are We In For An 'Explosive' Alt Season?

A leading tech-focused retailer, Newegg, has announced its support for the meme cryptocurrency shiba inu (SHIB) with the launch of a massive billboard ad campaign. Newegg says it is set to accept shiba inu for payments in early December, which would be sooner than when AMC Theatres plans to add SHIB. Newegg Launches Massive Ad […]

Retail Giant Newegg Unveils Shiba Inu Support on Massive Billboard: SHIB to Be Accepted for Payments in December

Even as regulatory ban looms over the crypto industry in India, one digital currency is turning out to be a smash hit with crypto investors in the country.

Shiba Inu Trends In India: What You Need To Know

Meme token Shiba Inu is outperforming the wider crypto market on Tuesday after crypto exchange Kraken listed the coin.

Shiba Inu Token Up 31% After Kraken Listing, Overtakes Avalanche

Shiba Inu, the meme-based cryptocurrency that's this year emerged as a challenger to Tesla﻿ billionaire's pet project dogecoin, is suddenly surging...

The Price Of Dogecoin Rival Shiba Inu Is Suddenly Soaring—Here's Why

Over the past 24 hours, Shiba Inu's (CRYPTO: SHIB) price rose 32.29% to $0.000052. This continues its positive trend over the past week where it has experienced a 22.0% gain, moving from $0.000042 to its current price.

Shiba Inu Up More Than 32% In 24 hours

Shiba Inu (CRYPTO: SHIB) soared 26.95% at $0.00004998 over 24 hours late Monday night. What's Moving?

Is Kraken Listing Sending Shiba Inu To The Moon Today?

Cryptocurrency exchange Kraken has announced support for the meme cryptocurrency shiba inu (SHIB). Deposits are now live and SHIB trading is expected to commence on Tuesday. The price of SHIB surged following Kraken's announcement. SHIB on Kraken: Deposits Now Live, Trading Set to Begin Tomorrow Crypto exchange Kraken announced Monday that shiba inu (SHIB) deposits […]

Crypto Exchange Kraken Now Supports Shiba Inu — SHIB Trading to Begin Tomorrow

Crypto whales are loading up on more Shiba Inu (SHIB) following news of the altcoin project's potential expansion into the metaverse. Whale-tracking platform WhaleStats reports that of the top 100 Ethereum wallets holding SHIB, the average balance increased by a whopping 42.7% to 2.523 billion in the past 24 hours alone. The quick accumulation puts […] The post Shiba Inu Whales Gobble Up Billions Worth of SHIB Following Announcement of New Gaming Partnership appeared first on The Daily Hodl.

Shiba Inu Whales Gobble Up Billions Worth of SHIB Following Announcement of New Gaming Partnership

Shiba Inu (CRYPTO: SHIB) landed on major cryptocurrency exchange Kraken as the token continues making major strides on its way to becoming one of the tops in the cryptocurrency market.

Shiba Inu Lands On Kraken In The Latest Win For The Token

As previously anticipated, Shiba Inu (CRYPTO: SHIB) hit one million users before the end of November, joining another crypto "big boy's club."

Shiba Inu Hits Another Important Milestone, As Expected

As Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) rallies subsided last week, these metaverse coins and others struck big gains.

As Meme Coins Dogecoin And Shiba Inu Fall Out Of Favor, These Metaverse Coins Struck Big Gains Last Week

Shiba Inu (CRYPTO: SHIB) traded 4.29% higher at $0.00003911 over 24 hours leading up to Sunday night.

What's Pushing Shiba Inu Higher Today?

Bitcoin

Major coins, including Bitcoin (CRYPTO: BTC), showed strength Sunday evening as the global cryptocurrency market cap rose 3.65% to $2.56 trillion. What Happened: BTC traded 4.47% higher $57,218.96 over 24 hours.

Bitcoin, Ethereum Rebound From Weekend Plunge, Moving Past Omnicorn COVID-19 Variant Concerns, Dogecoin, Shiba Inu Follow Course

Meme crypto Shiba Inu (CRYPTO: SHIB), which has had a terrific run this year, could soon venture into gaming.

Shiba Inu Partners With Former Activision Executive For A Shiba Inu NFT Game; Metaverse Efforts In The Works

A major tech-focused e-commerce platform, Newegg, has announced that SHIB is coming soon to its platform. Newegg currently accepts cryptocurrencies via Bitpay. The crypto payment service provider is expected to add SHIB support soon, according to AMC Theatres CEO Adam Aron who said his company will start accepting SHIB for payments in the first quarter. […]

Retail Giant Newegg Confirms Shiba Inu ‘Coming Soon' as AMC Theatres Gets Ready to Accept SHIB Payments

Major tech retailer Newegg Commerce Inc. (NASDAQ: NEGG) has officially confirmed that it will accept Shiba Inu (CRYPTO: SHIB).

It's Official! Online Retail Giant Newegg Confirms That It Will Accept Shiba Inu

Scammers are using compromised YouTube accounts to steal millions of dollars in crypto from unsuspecting viewers, according to a new report. The cybersecurity firm Tenable says digital thieves are employing a savvy blend of fake celebrity endorsements and trending cryptocurrencies to reap illicit gains through fake giveaway events. Analyst Satnam Narang says the scammers are […] The post Tech Savvy Crooks Are Stealing Millions in Bitcoin, Ethereum and Shiba Inu Through YouTube Live: Report appeared first on The Daily Hodl.

Tech Savvy Crooks Are Stealing Millions in Bitcoin, Ethereum and Shiba Inu Through YouTube Live: Report

Cryptocurrencies are sinking along with the rest of the financial markets on Friday amid concerns over a new variant of the COVID-19 virus that is threatening to derail the post-pandemic recovery. Meme crypto Shiba Inu (CRYPTO: SHIB), however, is faring relatively better.

Shiba Inu Weathers Crypto Sell-off Relatively Better, Becomes The First Memecoin To List In South Korea

Meme cryptocurrency Shiba Inu has seen a massive price surge today as the project registers a record number of token holders.

News for Shiba Inu Crypto (SHIB)