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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 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

dogwifhat

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

Dogecoin

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.

Shiba Inu Whale Transactions Volumes Surge 551%, SHIB Community Expects 'One Zero' Erased Soon

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB), has witnessed a surge in token burn activity with an increase exceeding 1600% within a 24-hour window. What Happened: Shibburn, a Shiba Inu burn rate tracker, revealed the elimination of 88 million SHIB tokens from the actively traded supply.

'Dogecoin Killer' Shiba Inu Sees 1600% Rise In Burn Rate — 88M Tokens Sent To Dead Wallet In A Single Day

The price of Shiba Inu (SHIB) fell below the moving average lines on January 3rd. Price analysis by Coinidol.com.

Shiba Inu Price Recovery Stops At $0.00001050 Due To Rejection

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB), experienced a significant uptick in its token burn rate, surging by over 400% in just 24 hours. What Happened: The increase in burn rate corresponds to a removal of 18 million SHIB tokens from the circulating supply, Shibburn, a Shiba Inu burn rate tracker reported.

'Dogecoin Killer' Shiba Inu Scorches The Charts: Token Burn Skyrockets 400%, Whales Accumulate $1.38M Worth Of SHIB

Pseudonymous developer Shytoshi Kusama has just unveiled plans to launch a special Top-Level Domain (TLD), the last part of a web address after the dot, for the Shiba Inu (SHIB) ecosystem. In a series of tweets on social media platform X, Kusama says domains are significant as the identity layer of the internet.

Shiba Inu Lead Developer Reveals Project's Plans for New SHIB Domain Names

A widely followed crypto analyst and trader is expressing bullish sentiment on a low-cap memecoin. The analyst pseudonymously known as Bluntz tells his 236,000 followers on the X social media platform that it is “clear as day” that the Solana-based memecoin dogwifhat (WIF) is currently undergoing accumulation.

Under-the-Radar Dogecoin and Shiba Inu Rival Could Explode by Over 200%, According to Top Crypto Analyst

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB), has witnessed an increase of over 27,500% in its token burn rate within the past 24 hours. What Happened: A total of 9 billion SHIB tokens have been purposefully removed from the circulating supply.

'Dogecoin Killer' Shiba Inu Burn Rate Skyrockets Over 27,500% — Analytics Platform Reports Surge In Whale Activity

Solana

Amid all the optimism surrounding spot Bitcoin ETF approval likely coming on Wednesday with a possible start to trading on Thursda y, some altcoins on the board are also witnessing a surge in the past 24-hours of trading. What Happened: Solana (CRYPTO: SOL) is trading 6.3% higher while Avalanche (CRYPTO: AVAX) is up 3.9%.

News for Shiba Inu Crypto (SHIB)