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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.

Cryptocurrency analysts of Coinidol.com report, Shiba Inu (SHIB) prices are rising and have been doing so since June 14.

Shiba Inu Reaches The Overbought Zone At A High Of $0.00001100

Bitcoin

Open interest in Binance's SHIB futures has more than doubled to $101.65 million this month, hitting the highest since Feb. 5, according to data source Coinglass. SHIB futures are sized at 1000 SHIB per contract with up to 25x leverage.

Shiba Inu Open Interest Tops $100M, Raises Red Flag For Bitcoin

A closely followed crypto strategist is calling Bitcoin (BTC) an easy trade over the long term due to one possible catalyst. Pseudonymous analyst The Flow Horse, also known as Cantering Clark, tells his 180,900 X followers that he is long-term bullish on BTC because he believes the U.S.

Analyst Says Bitcoin's Going To Be an ‘Easy Long-Term Trade' Due to One Catalyst, Updates Outlook on Shiba Inu

Dogecoin

A cryptocurrency analyst has shed light on correlation between two popular meme cryptocurrencies, Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE), suggesting a potential relationship in their price movements. What Happened: Cryptocurrency analyst and trader Ali Martinez shared data from IntoTheBlock which shows a positive correlation coefficient of 0.74 between these digital assets, implying that when the price of Shiba Inu experiences movements, Dogecoin tends to follow suit.

'Closely Watch Dogecoin:' Analyst Shows How Meme Coin Is Vibing Closely With Shiba Inu

The tokens were up as much as 5% in the past 24 hours, bucking a market-wide trend.

Shiba Inu Bucks Bitcoin Snoozefest Ahead of Shibarium Deployment

Bitcoin stands as the undisputed king, but other altcoins and meme coins like Shiba Inu and Dogecoin are an integral part of the crypto market. The rise of Bitcoin Spark, a new and promising cryptocurrency, has created a buzz among SHIB and DOGE holders.

Bitcoin Spark Gains Traction Amongst Shiba Inu And Dogecoin Investors

Solana

Shiba inu rose by as much as 10% during today's session, as bullish sentiment returned to cryptocurrency markets. The meme coin climbed to its highest point this week, with the global crypto market cap up nearly 2% as of writing. Solana was another big gainer, hitting a ten-day high on Wednesday.

Biggest Movers: SHIB 10% Higher on Wednesday, SOL Records 10-Day High

Pepe

After SHIB and PEPE, the wider crypto market enjoyed a hefty boost after the Fed issued new clarifications about reigning in the industry.

SHIB, PEPE Lead Market Gains as US Fed Launches Crypto Supervision Program

Shiba Inu (CRYPTO: SHIB) experienced a significant surge of 7% in the last 24 hours, outperforming Dogecoin (CRYPTO: DOGE). The ascent comes as the highly-anticipated layer-2 solution, Shibarium, nears its release.

Shiba Inu Jumps 7% As Shibarium Launch Nears — SHIB Worth $55M Burned In A Single Day

Ethereum

Ether (ETH), bnb (BNB) and cardano (ADA) were similarly little changed. Dogecoin (DOGE) and Avalanche blockchain's avax (AVAX) fell 1.5% to lead losses among major tokens.

Bitcoin, Ether Flat as PayPal USD Report Fails to Ignite Market; SHIB Finds Support

Shiba Inu's (SHIB) upcoming blockchain-based digital identity project will have a “myriad” of use cases that will help maintain decentralization, according to pseudonymous memecoin lead developer Shytoshi Kusama. Shib, the ecosystem's official Twitter account, announced last week that Kusama is planning to integrate Self-Sovereign Identity (SSI) in all Shiba Inu projects.

Shiba Inu Developer Shytoshi Kusama Explains ‘Myriad' of Use Cases for New Shibarium Identity Project

Shiba Inu (CRYPTO: SHIB), the self-proclaimed “Dogecoin (CRYPTO: DOGE) Killer's” burn rate has surged over 145%. What Happened: In the past 24 hours, Shiburn, the burning mechanism, reported that 92 million SHIB tokens have been transferred to “inferno” wallets, effectively removing them from circulation forever.

Shiba Inu Burn Rate Spikes Over 130% — Can $10 Worth SHIB Make You A Meme Coin Millionaire Today?

A closely followed analyst says that Shiba Inu's (SHIB) latest rally could be a setup to trap bulls wanting to long the memecoin. Pseudonymous analyst Cheds tells his 311,700 Twitter followers that Shiba Inu is currently witnessing a surge within a macro downtrend.

Analyst Issues Shiba Inu Warning, Predicts Imminent SHIB Correction Following Latest Rally

Cryptocurrency price analysis brought by Coinidol.com. The price of Shiba Inu (SHIB) has regained positive momentum after breaking above the $0.00000850 resistance level.

Shiba Inu Picks Up Momentum But Struggles To Top $0.00001050

The world's largest crypto exchange platform by volume has announced support for memecoin Shiba Inu (SHIB) as a collateral asset for one of its loan programs. In a new company statement, Binance says that it's adding SHIB, alongside a handful of other altcoins, as collateral to its flexible loan feature.

Crypto Exchange Binance Announces Addition of Shiba Inu (SHIB) As Collateral Asset for Flexible Loans

Shiba Inu (CRYPTO: SHIB) is seeing an extended upward momentum this weekend, with the dog-themed crypto taking a sharp leg up since early Saturday. What Happened: SHIB as well as its sister token Bone Shiba Swap (CRYPTO: BONE) were among the biggest gainers on Saturday, with the former advancing close to 13%.

Shiba Inu Rally Accelerates Over The Weekend As The Meme Crypto Goes Vertical: What's Going On

Shiba inu was a notable gainer during Saturday's session, as the meme coin climbed to a three-month high. The move comes as traders continue to react to Binance's decision to approve the coin as a collateral asset, in addition to the upcoming launch of Shibarium. Dogecoin also snapped its recent losing streak today.

Biggest Movers: SHIB Surges to 3-Month High to Start the Weekend

The Shiba Inu (SHIB) ecosystem will make blockchain-based digital identity part of the project's future developments. Shib, the ecosystem's official Twitter account, says that lead developer Shytoshi Kusama is planning to integrate Self-Sovereign Identity (SSI) in all Shiba Inu projects.

Shiba Inu (SHIB) Plans To Integrate Digital Identities Into Its Ecosystem's Projects, Says Developer

A widely followed crypto analyst says that Dogecoin (DOGE) rival Shiba Inu (SHIB) looks appealing while updating his outlook on the king crypto.

Top Crypto Trader Says Dogecoin Rival Shiba Inu Is ‘Looking Mighty Attractive', Updates Outlook on Bitcoin

Shiba inu was one of Friday's biggest movers, as markets reacted to the news that Binance had approved the meme coin as a collateralized asset. The cryptocurrency exchange confirmed that it was adding 22 new loanable and collateral assets to its Flexible and VIP Loan services. Solana was another notable gainer on Friday.

Biggest Movers: SHIB 5% Higher as Meme Coin Nears Key Resistance Level

Binance added SHIB as a collateral asset, while its developers are working hard to shed the meme coin status.

SHIB Surges 10% Over the Week Amid Push for Identity Service, Binance Integration

Cryptocurrency exchange Binance (CRYPTO: BNB) on Friday announced the approval of Shiba Inu (CRYPTO: SHIB), Compound (CRYPTO: COMP), and Theta (CRYPTO: THETA) as collateral assets. This move is part of Binance's ongoing efforts to expand its Flexible Loan and VIP Loan services.

Binance's Decision To Accept SHIB, COMP, And THETA As Collateral Assets Signals Growing Acceptance Of Meme Coins

Shiba Inu (CRYPTO: SHIB) is up 3% in the last 24 hours, outperforming top meme cryptocurrencies such as Dogecoin (CRYPTO: DOGE) and Pepe Coin (CRYPTO: PEPE). What Happened: The rise in spike comes after meme coin Shiba Inu's lead developer, on Wednesday, said it is planning to integrate Self-Sovereign Identity (SSI) into its protocols.

Shiba Inu Outperforms Dogecoin, Pepe Coin After This New Development — Here's Why It Is Up 3% Today

According to a blockchain representative, the Shiba Inu ecosystem intends to link all applications to a blockchain-based digital identity.

Shiba Inu Devs Working on Blockchain-Based Digital Identity Application

Shiba Inu (CRYPTO: SHIB) climbed almost 2% higher during Thursday's 24-hour trading session, showing strength compared to Dogecoin (CRYPTO: DOGE), which was struggling to trade flat after being pressured downwards earlier in the session. The crypto, dubbed the “Dogecoin Killer,” was moving higher on lower-than-average volume, which suggests consolidation.

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