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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.

Ethereum

More than $86.6 million in cryptocurrencies were illicitly moved from the HECO Chain bridge to questionable addresses, indicating a possible ongoing breach of the bridge. Tron's (CRYPTO: TRON) founder Justin Sun has assured that HTX will cover all losses users suffered due to this security breach.

HECO Breach Sees $86M In Ether, Shiba Inu Vanish: Tron Will Cover Losses, CEO Says

A pseudonymous crypto trader and analyst noted momentum in the meme coin space, stating, “dog coins on the move” as Shiba Inu (CRYPTO: SHIB) begins “to run.” What Happened: Kaleo on Saturday said that the meme coin had broken above a horizontal resistance.

'Dog Coins On The Move': Crypto Analyst Predicts Shiba Inu Surging Over 75% In Less Than A Month, Finds Floki 'Interesting'

Bitcoin

A widely followed crypto trader believes that top memecoin Shiba Inu (SHIB) is poised to print massive gains in the coming days. Analyst Kaleo tells his 605,700 followers on the social media platform X that Shiba Inu looks primed for a run-up after breaking above a horizontal resistance and retesting it as support.

Crypto Analyst Predicts Imminent Rally for Shiba Inu and One SHIB Rival, Updates Forecast on Bitcoin

Shiba Inu (SHIB) has reached the projected price target of $0.00000918 or the 1.618 level of the Fibonacci extension.

Shiba Inu Coin Holds At $0.0000095 As Buyers Recoup Their Investment

Shiba Inu (CRYPTO: SHIB) has seen a 1400% increase in its burn rate over the past 24 hours, as 105 million SHIB tokens were transferred to a dead wallet on Thursday. What Happened: This surge in token burning coincides with the news that retired boxing star Manny Pacquiao's charitable organization will be adopting the Shiba Inu network to boost its fundraising initiatives.

Shiba Inu Burn Rate Skyrockets 1400% After 105M SHIB Sent To A Dead Wallet: Analyst Predicts Potential 2X Rally By December

The Shiba Inu (CRYPTO: SHIB) ecosystem Shibarium, the ecosystem's burgeoning layer 2 blockchain, will be instrumental in fundraising and operational activities for the Manny Pacquiao Foundation starting Wednesday, as indicated by developers in a statement to CoinDesk. What Happened: The foundation, named after and led by the eight-division World Boxing Champion and former Philippine Senator Emmanuel (Manny) Pacquiao, is no stranger to cryptocurrency, having accepted SHIB on its website since 2021.

Shiba Inu Ecosystem Scores Partnership With Boxing Legend Pacquiao's Foundation: 'Will Allow Us To Continue This Good Work'

Manny Pacquaio's non-profit will use Shibarium for fundraising and operational activities.

Manny Pacquiao Turns to Shiba Inu to Help His Foundation

The charitable foundation established by the eight-time WBC champion will use the Shibarium blockchain to optimize fundraising, distribution, and other operations.

Former Boxing Champ Manny Pacquiao's Foundation Will Use Shibarium for Its Operations

Dogecoin

Shiba Inu (CRYPTO: SHIB) was volatile during Tuesday's 24-hour trading session, briefly firming up to trade flat before falling over 4%. The downturn comes following a disclosure that the corporate registration supposedly submitted for the iShares XRP Trust turned out to be a hoax.

Shiba Inu Falls In Tandem With Dogecoin As Crypto Sector Pulls Back: The Bull, Bear Case

The meme cryptocurrency MEME has significantly outperformed its counterparts, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). What Happened: MEME's value soared by 50% to trade at a price of $0.33, despite its peers experiencing declines; DOGE and SHIB fell by 2-4%, trading at $0.074 and $0.000008548, respectively.

MEME Coin With 'No Utility, No Roadmap, No Promises' Steals Spotlights From Dogecoin, Shiba Inu — Skyrockets With 50% Gains

Shiba Inu (SHIB) prices are in a sideways trend after peaking on November 6th. Today, November 11th, SHIB is trading at $0.00000832.

Shiba Inu Price Is Trapped; Moving In A Range of $0.0000086

A widely followed crypto trader is expressing bullish sentiment for one memecoin rival of Dogecoin (DOGE) and Shiba Inu (SHIB). Pseudonymous analyst Bluntz tells his 227,700 followers on the social media platform X that Pepe (PEPE) could soar by more than 30% from its current value.

Top Analyst Says ‘Rage Pump' Loading for Dogecoin (DOGE) and Shiba Inu (SHIB) Rival – Here Are His Targets

Shiba Inu (CRYPTO: SHIB) is trading lower by 2.7% to the $0.000008-level Thursday afternoon, pulling back following recent strength. The cryptocurrency market, including Shiba Inu, has seen volatility in recent weeks to growing optimism about the approval of a Bitcoin ETF.

Why Shiba Inu (SHIB) Is Moving

Shiba Inu's (CRYPTO: SHIB) started out as a mere internet meme, but has since turned into a Web 3.0 juggernaut boasting a market capitalization that hovers around $4 billion. The coin's journey is emblematic of the crypto industry's shift away from irreverence to sophisticated and sizable economic force.

Shiba Inu: A Dogecoin Knockoff Transforms Into A $4 Billion Web 3.0 Powerhouse

Meme coins Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) are surging in futures trading activity, propelled by the recent upswing in Bitcoin's (CRYPTO: BTC) value. What Happened: According to CoinDesk, the onset of November has seen a significant increase in open interest for SHIB and DOGE futures.

Shiba Inu And Dogecoin Futures Soar As Bitcoin Uptick Fuels Meme Coin Mania

SHIB and DOGE have seen highest percentage growth in futures open interest since Nov. 1, outshining bitcoin and ether in a sign of increased investor risk appetite in the crypto market.

SHIB, DOGE Top Open Futures Rankings as Bitcoin Rally Spurs Risk-Taking

Shiba Inu (CRYPTO: SHIB) experienced an astonishing 14,400% surge in burn within a single day, resulting in the elimination of over 173 million SHIB in the past 24 hours, data from Shibburn shows.

Shiba Inu Burning Spree Sees A 14,000% Surge, 173M SHIB Eliminated In A Single Day

The price of Shiba Inu (SHIB) is rising above the moving average lines and the resistance level of $0.00000760 but remains below the resistance level of $0.00000820.

Shiba Inu Gains, But Remains Below The Resistance Level Of $0.00000820

The SHIB devs are still hard at work spinning up a hyped up decentralized identity platform, rolling out a new name service for users.

SHIB Devs Launch Name Service in Decentralized Identity Push

In a significant move, Shiba Inu (CRYPTO: SHIB) introduced the “SHIB Name Service” (SNS) on the Shibarium Layer-2. The innovative system seeks to simplify blockchain addresses and enhance digital identity.

Shiba Inu Launches 'SHIB Name Service' To Enhance Digital Identity And Blockchain Address

Pepe

In the last 24 hours, meme coins and altcoins, including Shiba Inu (CRYPTO: SHIB), Floki (CRYPTO: FLOKI), Dogecoin (CRYPTO: DOGE), and Pepe (CRYPTO: PEPE), have experienced gains ranging from 3% to 5%, driven by the surge in Bitcoin's price to above $35,000. What Happened: Bitcoin (CRYPTO: BTC), the leading cryptocurrency, has confidently surpassed the resistance level of $35,000 that had previously hindered its upward movement over the past fortnight.

Dogecoin, Shiba Inu, Pepe, And Floki Surge As Bitcoin Demolishes $35K Barrier

Crypto whales have transferred Ethereum (ETH) and Shiba Inu (SHIB) worth hundreds of millions of dollars in multiple transactions that occurred within hours of each other, according to the blockchain tracker Whale Alert.

Whales Abruptly Move Over $305,000,000 Worth of Shiba Inu and Ethereum – Here's Where the Crypto Is Going

New data from a market intelligence firm reveals that holders of Shiba Inu (SHIB) and another memecoin that has more than doubled up during the last few days are still underwater.

Most Holders of Shiba Inu and One SHIB Rival That's Surged 115%+ in Days Still Underwater Despite Crypto Bounce

Cryptocurrency price analysis brought by Coinidol.com. The price of Shiba Inu (SHIB) rises when it breaks the moving average lines.

Shiba Inu Retraces as It Hits Its Prior Peak of $0.00000826

Shiba Inu (CRYPTO: SHIB) has seen a jump of 11% in its past 7-day trading while monthly gains stand at 6.7%. In the past 24 hours, the trading volume of the token has surged 106.6% while single-day trade gains are at 6.8% at the time of writing, taking it to the highest levels since the end of August.

News for Shiba Inu Crypto (SHIB)