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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.

Dogecoin

Pepe

dogwifhat

Some believe the sector has more room to grow as traders seek to benefit from heady speculations into the new year.

Dogecoin, Pepe and Other Top Meme Coins Fall as Focus Shifts to XRP

Shiba Inu (CRYPTO: SHIB) is down 9%, despite a soaring burn rate and increasing transaction volumes fueling optimism for its long-term trajectory. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002889 $17 Billion -9.5% +13.2% Dogecoin (CRYPTO: DOGE) $0.4177 $61.4 Billion -3.2% +3.2% Pepe (CRYPTO: PEPE) $0.00001993 $8.4 Billion -10.9% +4.3% Trader Notes: InvestingHaven predicts SHIB could climb to $0.

SHIB Price Down 9% But Burn Rate Surges 295%: What Is Going On?

Shiba Inu (SHIB) saw a significant surge, hitting its highest price in eight months.

Shiba Inu Surges 12%, Hits 8-Month High as Meme Coins Dominate Weekend Gains

Cryptocurrency Shiba Inu (CRYPTO: SHIB) has surged, reaching an eight-month high amid a meme coin rally. What Happened: On Sunday, Shiba Inu, the second-largest dog-centric cryptocurrency by market capitalization, surged.

Shiba Inu Soars To Eight-Month High, Up 13% as Meme Coins Rally

Shiba Inu blasted to its highest price in months as Dogecoin showed more modest gains, while Base coin Brett hit an all-time high.

Dogecoin Price Climbs as Shiba Inu Spikes to 8-Month High

Meme coin Shiba Inu (CRYPTO: SHIB) has seen a massive 7,400% increase in its weekly burn rate, with around 2 billion tokens being destroyed. This significant development has sparked renewed optimism about SHIB's price potential.

Shiba Inu Burn Skyrockets 7,400%, Nearly 2B Tokens Destroyed

A widely followed cryptocurrency trader and analyst is turning bullish on a competitor to Dogecoin (DOGE) and Shiba Inu (SHIB) while offering his forecast for Bitcoin (BTC) and the decentralized finance (DeFi) altcoin Jupiter (JUP).

Top Trader Says Breakout Loading for Dogecoin and Shiba Inu Rival, Updates Outlook on Bitcoin and Jupiter

Recent listings on Coinbase and Robinhood have invigorated bullish sentiment about Pepe, with traders calling for new all-time highs to come soon. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Pepe (CRYPTO: PEPE) $0.00001833 $7.7 Billion +1.8% -9.2% Dogecoin (CRYPTO: DOGE) $0.3934 $57.8 Billion +4% +0.99% Shiba Inu (CRYPTO: SHIB) $0.00002499 $14.7 Billion +4.2% +1.9% Trader Notes: Crypto trader MaxBecauseBTC sees Pepe standing out in the meme coin space, predicting it will join Dogecoin and Shiba Inu as multi-billion-dollar assets.

Pepe Set to Join Dogecoin, Shiba Inu As Multi-Billion Dollar Meme Coin By 2025: 'Massive Breakout' Coming Soon, Trader Predicts

Binance founder and former CEO Changpeng Zhao on Tuesday voiced concerns about the current state of meme coins, calling their proliferation “a little weird.” What Happened: In a tweet, Zhao clarified he isn't against memes but urged the crypto community to focus on building meaningful blockchain applications.

Binance Founder Changpeng Zhao Says Meme Coins Are Getting 'A Little Weird' — But Dogecoin, Shiba Inu Aren't The Culprits

The price of Shiba Inu (SHIB) is stable and hovering between the resistance at $0.00002800 and support at $0.00002300. Neither the bulls nor the bears have broken this range.

Shiba Inu Remains Stable And Struggles With The $0.00002800 Barrier

Shiba Inu (CRYPTO: SHIB) has gained traction amid rising burn rates, sparking optimism among technical analysts about bullish momentum for the token. What Happened: According to Shibburn data, the burn rate for SHIB surged by 486.8% over the past day, with 5.9 million SHIB coins permanently removed from circulation.

Shiba Inu Burn Rate Soars 487% In A Day: What Is Going On?

A new report has revealed a startling trend in the cryptocurrency market: 76% of influencers on X (formerly Twitter( promoting meme coins are endorsing tokens that eventually lose nearly all their value. What Happened: The study, by CoinWire, analyzed 1,567 meme coins promoted by 377 influencers, uncovering that two out of three tokens they promoted are now classified as "dead.

Don't Get Fooled By The Success Of Dogecoin, Shiba Inu: 76% Of X (Twitter) Influencers Promote Dead Meme Coins, Study Reveals

A market analyst says Shiba Inu (CRYPTO: SHIB) could experience a massive rally, predicting gains exceeding 2,000%. What Happened: The forecast has sparked excitement among the cryptocurrency's community as SHIB continues to gain traction as a leading meme coin.

Crypto Analyst Sees Shiba Inu Surging More Than 2,000% In Coming Rally

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are trading around 3% higher in a single day boosted by the optimism in the cryptocurrency market. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin $0.3923 $57.6 Billion +2.8% +5.3% Shiba Inu $0.00002496 $14.7 Billion +4.2% +3.1% Trader Notes: Analysts see bullish potential for the top two meme coins.

Dogecoin Up 3%, Shiba Inu Up 4%: What Is Going On?

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

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.

News for Shiba Inu Crypto (SHIB)