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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.

Saturday saw shiba inu climb to its highest point since Monday, as bulls made a slight return to the market. The meme coin rose by as much as 4% on Saturday, as the global crypto market cap made gradual gains to start the weekend. Solana was another notable mover, climbing above the $22.00 zone.

Biggest Movers: SHIB Hits 6-Day High to Start the Weekend

Cryptocurrency analysts of Coinidol.com report, the price of Shiba Inu (SHIB) is bearish and has already reached the expected decline.

Shiba Inu Revises Low Of $0.00000645 And Is About To Rise Again

Bitcoin

Ethereum

New data reveals deep-pocketed crypto investors are suddenly shifting hundreds of millions of dollars worth of digital assets, including Bitcoin (BTC) and Ethereum (ETH).

Whales Abruptly Move $749,000,000 in Bitcoin, Ethereum, XRP and Shiba Inu – Here's Where the Crypto Is Heading

Dogecoin

Tickets to the record-shattering Taylor Swift concert film can also be bought with ETH, XRP, and more via AMC and BitPay.

You Can Buy Taylor Swift Movie Tickets With Bitcoin, Dogecoin, and SHIB

The burn rate of Shiba Inu (CRYPTO: SHIB), a popular meme cryptocurrency, has surged by 100% over the past 24 hours, permanently removing a staggering 44 million SHIB tokens from circulation. What Happened: The surge in burn rate coincides with a significant milestone achieved by SHIB's newly launched layer-2 blockchain solution, Shibarium.

Shiba Inu Burn Rate Spikes 100% In A Single Day As Shibarium Blocks Surpasses 1M Milestone

Shiba inu was a notable mover on Monday, as the meme coin fell by as much as 5% to start the week. Today's decline comes as traders moved away from high-risk assets, in favor of safe-havens like gold. XRP also dropped in today's session, hitting a three-week low in the process.

Biggest Movers: SHIB Hits 4-Month Low, as Red Wave Washes Over Crypto

Sushi Swap

On-chain activity suggests Ethereum (ETH) and two altcoins could be primed for short-term price rallies, according to the crypto analytics firm Santiment. Santiment notes that ETH, Shiba Inu (SHIB) and SushiSwap (SUSHI) traders displayed “mild signs of panic” on Thursday.

On-Chain Activity Hints at Short-Term Rebound Opportunities for Ethereum and Two Altcoins: Santiment

The latest price analysis by Coinidol.com report, the price of Shiba Inu (SHIB) has fallen even further since the rally on October 2.

Shiba Inu Falls Sharply And Targets $0.00000635

Bad Idea AI (CRYPTO: BAD) has experienced a surge of 40% in the past 24 hours, outshining top meme cryptocurrencies like Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE). What Happened: The latest news from Shiba Inu indicates that the lead developer, Shytoshi Kusama, has unveiled an intriguing AI (Artificial Intelligence) initiative.

SHIB's 'Secret' AI Venture Pushes 'Bad Idea' Up 40% In A Single Day — What's Happening

A deep-pocketed Shiba Inu (SHIB) trader is suddenly moving trillions of SHIB out of a Netherlands-based crypto exchange platform. New data from whale-surveying platform Whale Alert reveals that the Shiba Inu whale has shifted 4,584,530,677,374 SHIB, worth about $33 million, out of Bitvavo and into an unknown wallet.

Shiba Inu Whale Abruptly Moves 4,584,530,677,374 in SHIB – Here's Where the Crypto's Headed

The burn rate of Shiba Inu (CRYPTO: SHIB) has experienced a spike of over 75% within the last 24 hours. In this timeframe, a staggering 49 million SHIB tokens have been permanently removed from circulation, data from Shibburn shows.

Shiba Inu Burn Rate Skyrockets Over 75% While SHIB Remains Trapped In Price Range

Dogecoin was a notable mover on Tuesday, as the meme coin extended recent declines after a failed move beyond a key resistance level. The drops came as the wider crypto market cap also slipped. It is trading 2.87% lower as of writing. Shiba inu also edged lower in today's session.

Biggest Movers: DOGE, SHIB Down 3%, Falling for Second Straight Session

In a tale of missed opportunity, a man expressed deep regret after selling off all his 5 trillion Shiba Inu (CRYPTO: SHIB) tokens in 2020, missing out on a potential windfall of $28 million. What Happened: The man's decision came back to haunt him as the ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu, soared to new heights in 2021.

Crypto Regret: Trader Misses Out On $28M Windfall By Cashing Out Shiba Inu In 2020 At 'Same F***ing Price' As Purchase

Shiba Inu (CRYPTO: SHIB), a meme-based cryptocurrency, plunged 4% in value within the last 24 hours. This decline came as a result of a significant drop in the SHIB burn rate, with only 21 million tokens being burned during this period.

Shiba Inu Burn Rate Decline Spurs 4% Plunge, Longs In Distress

A 35-year-old former supermarket warehouse manager, Rob, achieved early retirement thanks to a remarkable turn of events involving his $8,000 investment in the meme cryptocurrency Dogecoin (CRYPTO: DOGE) killer Shiba Inu (CRYPTO: SHIB). What Happened: Seeking to improve his family's quality of life, Rob told Fortune that he ventured into the world of meme cryptocurrencies in 2021, ultimately stumbling upon the promising yet obscure Shiba Inu coin, which had been founded in August 2020.

Warehouse Manager Retires After $8K Shiba Inu Bet Reaps Him $500K — What If He Had Held On To SHIB?

In September, over 2.3 billion Shiba Inu (CRYPTO: SHIB) tokens, valued at $17,173, were permanently removed from circulation, according to Shibburn data. What Happened: This is a decrease from August when 5.7 billion SHIB, worth $45,899, were burned.

Shiba Inu Massive Burn: Over 2.3B SHIB Tokens Vanish Into Thin Air In September

In a tweet on X (formerly Twitter), Elon Musk, the CEO of Tesla, once again sent Dogecoin (CRYPTO: DOGE) and other meme-related cryptocurrencies booming. What Happened: Musk took a jab at the media by tweeting an image followed by the caption, “Dogs rock.

Elon Musk's 'Dogs Rock' Swipe At Media Sends Canine-Themed Meme Coins Soaring

What a whirlwind of a week in the world of cryptocurrencies! From the sensational surge in SHIB burn rate to ponderings on the future of Bitcoin, it was all happening.

Crypto This Week: Shiba Inu Burn Rate, Rags To Riches Story, Robert Kiyosaki On Bitcoin's Future And More

The price of Shiba Inu (SHIB) is capped between the price levels of $0.00000690 and $0.00000760, but has held steady above the support level of $0.00000720. Shiba Inu price analysis by Coinidol.com.

Shiba Inu Remains Stable And Holds Above $0.00000720

The development team behind meme asset Shiba Inu (SHIB) is warning traders to do their own research and be cautious of suspicious actors who claim to be a part of the SHIB ecosystem.

Shiba Inu Team Advises Investors To Do Their Own Research, Be Wary of Suspicious SHIB Partnerships

Shiba inu snapped a recent four-day losing streak on Thursday, as bulls rejected a breakout below a key level of support. The slight rebound in price came as the global crypto market cap was marginally higher, climbing 0.25% as of writing. Dogecoin was also in the green.

Biggest Movers: SHIB, DOGE Snap Recent Losing Streaks

Pepe

The altcoin market has been facing a prolonged period of decline since the mid-July peak, resulting in a significant drop in trader interest for popular memecoins, on-chain analytics platform Santiment said on Wednesday. What Happened: Notably, meme coins such as Dogecoin (CRYPTO: DOGE), Dogelon Mars (CRYPTO: ELON), Pepe Coin (CRYPTO: PEPE), and Shiba Inu (CRYPTO: SHIB) have fallen off the radar for traders, exhibiting a reduced level of overall market attention, Santiment data shows.

Dogecoin, Dogelon Mars, Pepe, Shiba Inu Lose Traders' Interest Amid 3-Month Market Slump

Shiba Inu (CRYPTO: SHIB) on Wednesday experienced a significant increase in its burn rate, skyrocketing by 1000% in the last 24 hours. The surge came after a staggering 164 million SHIB tokens were permanently removed from circulation, data from Shiba Inu burn tracker Shibburn shows.

Shiba Inu Burn Rate Explodes 1000% Overnight As Millions Of Tokens Vanish: What's Happening?

Shiba Inu (CRYPTO: SHIB) was falling slightly during Wednesday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE) amid continued fears about stubborn inflation, high interest rates and the state of the economy. While Bitcoin and Ethereum bounced briefly during the session before falling to trade flat, Shiba Inu was less volatile due to lower-than-average volume, which suggests a current lack of interest in the crypto.

Shiba Inu Lies Low With Dogecoin On Decreasing Volume: Here's What Bulls Want To See

The deployer contract for bone tokens was renounced late Tuesday, fuelling investor sentiment.

News for Shiba Inu Crypto (SHIB)