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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.

Bitcoin

Polkadot

Analyst and trader Ali Martinez is leaning bullish on one large-cap crypto asset while offering his insight on Bitcoin (BTC) and two altcoins.

Analyst Says BNB Could Explode by Over 160%, Updates Outlook on Bitcoin, Shiba Inu and Polkadot

Bonk

Dogecoin

Pepe

The GMMEME index, which tracks key memecoins such as PEPE, SHIB and DOGE, has surged over 90% in November.

Memecoin index surges as new listings continue to push the market

Shiba Inu (CRYPTO: SHIB) is gaining bullish momentum as traders eye a potential breakout off the back of Bitcoin hitting a new all-time high. What Happened: Shiba Inu's burn rate has increased by 209%, with 11.6 million SHIB removed from the ecosystem in the past 24 hours, according to Shibburn data.

SHIB Coin Forming A 'Bull Flag'? This Could Be The Price Target If Shiba Inu Breaks Out

Shiba Inu's (CRYPTO: SHIB) second consecutive day of rising burn rates alongside significant whale transactions spells bullish momentum, according to traders. What Happened: Shiba Inu's burn rate increased 938.7% in the past 24 hours after burning 3.7 million tokens, according to Shibburn.

Shiba Inu Burn Rate Surges To 938%: What Is Going On?

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

Shiba Inu Fluctuates In A Range And Finds Support Above $0.00002300

Meme coin Shiba Inu (CRYPTO: SHIB) is one of the cryptocurrencies that have traded higher since Donald Trump won the 2024 presidential election. The cryptocurrency trades well off of all-time highs, but Benzinga readers think the coin could go higher over the next year.

Will Shiba Inu Coin Reach 1 Cent By 2025? 47% Of Benzinga Readers Say

Shiba Inu (CRYPTO: SHIB) experienced a weekend price correction erasing the gains from the previous week, but rising burn rates and bullish chart signals suggest an impending rally for the meme coin. What Happened: After burning 290,321 tokens, Shiba Inu's burn rate soared 6,223.7% in the past 24 hours according to Shibburn.

'Dogecoin Killer' Shiba Inu 'Burn Rate Skyrockets 6,223%: What Is Going On?

Shiba Inu (CRYPTO: SHIB) has cooled off 6% on Friday after its recent rally, but growing optimism stems from rising burn rates and favorable technical analysis. What Happened: Shiba Inu's burn rate soared 114.5% in the past 24 hours after burning 16.2 million tokens in a single transaction, according to Shibburn.

'Dogecoin Killer' Shiba Inu Down 6%: What Is Going On?

Pepe (CRYPTO: PEPE) is continuing its rally on Thursday, up 58% over the past 24 hours amid new exchange listings. What Happened: Lookonchain data shows that whales are accumulating the meme coin, including one who withdrew 197.39 billion PEPE (worth $4.8 million) from Binance after the Coinbase and Robinhood listing.

Pepe Up 58% But 'Just Getting Started' Because It Could Reach '2021 Dogecoin, Shiba Inu Levels'

The recovery of Shiba Inu (SHIB) has met resistance at $0.00002800, resulting in a decline.

Shiba Inu Recovers But Remains Above $0.00002500

Cardano

Dogecoin, Cardano, and Shiba Inu have outperformed Bitcoin over the past week, surging 80%, 85%, and 50% respectively.

DOGE, ADA and SHIB surge past BTC in weekly rally amid expected regulatory changes

Shytoshi Kusama, the pseudonymous lead of the Shiba Inu (CRYPTO: SHIB) ecosystem, proposed establishing a Strategic Hub for Innovation in Blockchain, or S.H.I.B., in response to Elon Musk's invitation to pitch potential roles in the new Donald Trump administration.

Shiba Inu Lead Developer Shytoshi Kusama Pitches S.H.I.B In Response To Elon Musk's Call For New Roles Recommendations In Trump Administration

Following a 10% rally on Wednesday, Pepe (CRYPTO: PEPE) has caught the attention of cryptocurrency traders, who think the frog-themed meme coin is destined for further gains. What Happened: Crypto analyst Bluntz remarked that "frogs are back in fashion" looks like frogs are back in fashion, $pepe downtrend break with volume.

This Popular Meme Coin Is Up 10% And Could Even 'Flip Shiba Inu,' Trader Touts

Shiba Inu (CRYPTO: SHIB) is up 2% in Wednesday trading and continues to burn tokens, fueling trader speculation about positive price action on the horizon. What Happened: Data from Shibburn shows Shiba Inu's burn rate increasing by 3,674%in the past 24 hours.

'Dogecoin Killer' Shiba Inu Burn Rate Soars 3,674%: What Is Going On?

The price of Shiba Inu (SHIB) has risen above the moving average lines for the fourth time as it recovers from the low of the chart. SHIB is currently trading above the moving average lines.

Shiba Inu Recovers But Faces The $0.00001950 Barrier

Shiba Inu (CRYPTO: SHIB), the second-largest meme coin by market capitalization, surged Tuesday night, joining the broader market rally pinned on Donald Trump's increased odds of victory. What happened: The popular dog-themed cryptocurrency spiked over 10% in the last 24 hours, taking its market capitalization past $11 billion.

Shytoshi Kusama Promotes S.H.I.B As Elon Musk Touts D.O.G.E — Shiba Inu Rallies 10% Amid Broader Crypto Gains

Shiba Inu (CRYPTO: SHIB) is up 3.7% over the past 24 hours as positive news from its community bolster sentiment. What Happened: Pseudonymous lead developer Shytoshi Kusama suggested establishing a blockchain innovation hub in the U.S., inviting presidential candidates to endorse a "Silicon Valley" for the blockchain sector.

'Dogecoin Killer' Shiba Inu Up 3%: What Is Going On?

“Dogecoin Killer” Shiba Inu (CRYPTO: SHIB) has seen a sharp increase in its burn rate, accompanied by a rise in daily transactions. What Happened: Over the past 24 hours, the Shiba Inu ecosystem recorded a 254,078.1% spike in its burn rate, with 5.6 billion SHIB tokens burned in a single transaction, according to Shibburn.

'Dogecoin Killer' Shiba Inu Burn Rate Explodes 254,078% Higher And One Indicator Shows A 90% Rally Could Be Coming

Shiba Inu (SHIB) price has recovered from its dip and has risen above the moving average lines.

Shiba Inu Fluctuates In Anticipation Of A Higher Spike

Shytoshi Kusama, the leader of the Shiba Inu (CRYPTO: SHIB) ecosystem, expressed frustration over the coin not getting due respect despite impressive gains over the years. What Happened: Kusama was responding to an X post by Nick Tomaino, founder of cryptocurrency-focused fund 1confirmation, who didn't include Shiba Inu on his list of most impactful cryptocurrency projects to date.

Shytoshi Kusama Schools X User Who Said SHIB Will Remain 'Chump Change Meme' Unless It Can Rise Above A Penny: 'Those Who Are Wise Give Us Respect'

Shytoshi Kusama, the mysterious lead of the Shiba Inu (CRYPTO: SHIB) ecosystem, highlighted the coin's impressive growth since its launch and the work ahead to gain further recognition. What Happened: On Tuesday, Kusama took to X to talk about the SHIB's lifetime growth, which stood at a staggering 33,774,726.7% from its all-time low, higher than those of Dogecoin (CRYPTO: DOGE), Solana (CRYPTO: SOL), and Binance Coin (CRYPTO: BNB).

Shytoshi Kusama Touts Shiba Inu Lifetime Gains Of 33774726%: 'We Still Have Far To Go And Much Work To Be Done'

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) surged, riding Bitcoin's (CRYPTO: BTC) upward momentum past $72,000. What Happened: Coinmarketcap data shows meme coins nearing a $71 billion market cap, up 14.6% over 24 hours.

Dogecoin, Shiba Inu Explode Over 10%: Is This The Mother Of All Bull Market Rallies?

Cat-themed coins like Mog Coin (CRYPTO: MOG) and Popcat (CRYPTO: POPCAT) are rallying as the broader altcoin market cheers Bitcoin's (CRYPTO: BTC) leap above $70,000. What Happened: Coinmarketcap data shows cat-themed tokens coins approaching a total market capitalization of $5 billion, up 9.3% over the past 24 hours.

Mog Coin, Popcat Outshine Dogecoin, Shiba Inu As Bitcoin Leapfrogs $71,000 — 'Buy The Cats And Wait The Months,' Trader Says

Shiba Inu (CRYPTO: SHIB) cryptocurrency project announced the launch of a non-fungible token (NFT) bridge for its Layer-2 blockchain, Shibarium, paving the way for the smooth transfer of Ethereum (CRYPTO: ETH)-based NFTs. What Happened: On Monday, Shiba Inu's official X account posted about the activation of NFT Bridge on Shibarium.

Shiba Inu Expands Crypto Trading Landscape With NFT Bridge On Shibarium As Burn Rate Spikes 305%

Trump-themed tokens like Maga Memecoin (CRYPTO: TRUMP), MAGA Hat (CRYPTO: MAGA) and Donald Tremp (CRYPTO: TREMP) are rallying in light of Donald Trump‘s surging election odds. What Happened: Coinmarketcap data shows political meme coins approaching a total market capitalization of $700 million, up 11% over the past 24 hours.

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