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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

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are surging, with the former benefitting from social media chatter about Elon Musk heading a “D.O.G.E” department. What Happened: Dogecoin, Shiba Inu and Dogecoin-themed cryptocurrencies have performed exceptionally well over the past 24 hours: Cryptocurrency Price Market cap 24-hour trend 7-day trend Dogecoin $0.1256 $18.386B +11.2% +15.1% Shiba Inu $0.00001875 $11.04B +5.2% +7.2% Department Of Government Efficiency (D.O.G.E) $0.026 $25.68M +122.4% +152.4% Also Read: Dogecoin's On-Chain Data, Chart Patterns Flash Bullish Signals: This Top Analyst Thinks It's A ‘Buy' Trader Notes: Crypto analysts are speculating on the potential impact of a Trump victory in the upcoming U.S. presidential election on certain cryptocurrencies, particularly those associated with the “DOGE” narrative.

Dogecoin Rockets Up 10%, Shiba Inu Spikes 5%: What Is Going On?

In a significant development, the Shiba Inu (CRYPTO: SHIB) team announced a new partnership with financial solutions company Mass, aiming to enhance the financial layer of the ‘Shiba State'. What Happened: On Monday, the official X account of Shiba Inu revealed that Mass, with its AI-driven legal and fiscal solutions, would build the finance layer of the ambitious but utopian state.

Shiba Inu Announces New Partnership To Build The Financial Layer Of Upcoming 'Shib State' — Key Figure Kaal Dhairya Says, 'Time To Unleash The Paw-sibilities!'

Crypto trader Murad Mahmudov has listed his “top 10 picks for the cycle” after having predicted a “memecoin supercycle” at the Token2049 conference in Singapore. What Happened: The top pick is a “movement coin” called SPX6900 (CRYPTO: SPX), with a “clear mission of flipping the stock market.

'Memecoin Supercycle' Analyst Shares His Top 10 Meme Picks—One Is A 'Pre-Pump' Shiba Inu

Analytics provider Lookonchain highlighted a whale trader who lost money on Dogwifhat (CRYPTO: WIF) but successfully captured profits trading Popcat (CRYPTO: POPCAT). What Happened: The trader initially lost $4.44 million trading WIF twice between April 8 and June 24.

Whale Trader Was Down $4.44M On 'Shiba Inu Killer' Dogwifhat—Here's How They Turned It Into A Profit

Shiba Inu's (CRYPTO: SHIB) rising burn rates has traders speculating that the meme coin is getting ready for an upcoming price rally. What Happened: Shiba Inu's burn rate has skyrocketed by 14,575.02% since the last burn transaction of 277.6 million coins, according to Shibburn data.

'Dogecoin Killer' Shiba Inu Incinerates 277M Coins In 1 Transaction: Watch These Levels For A Bullish Rally

The weekend was buzzing with noteworthy stories from the world of cryptocurrency. From the sudden surge in Donald Trump's presidential election odds on Polymarket to speculations about the real identity of Bitcoin's creator, and cryptic posts from Shiba Inu‘s (CRYPTO: SHIB) lead developer, the crypto community had a lot to talk about.

Trump's Election Odds On Polymarket, Gary Gensler's Doubts About Cryptocurrency's Future, Shiba Inu Lead Developer's Cryptic Post Sparks Intrigue And More: This Week In Crypto

A sudden single-day spike by Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) has prompted traders to predict an upcoming bull run for the meme coin leaders. What Happened: With Dogecoin prices reflecting a relatively flat performance over the past week, an analyst who goes by “Kevin” on X, outlined his thoughts on the trajectory of Dogecoin.

What's Going On With Dogecoin, Shiba Inu Today?

The price of Shiba Inu (SHIB) is facing another setback as it recovers from its previous dip. SHIB had previously recovered and reached a high of $0.00002167.

Shiba Inu Struggles Above $0.00001700 And Risks Decline

The market capitalization of meme coins is trading sideways over the last 24 hours, with a majority of established memes like Shiba Inu (CRYPTO: SHIB), Pepe (CRYPTO: PEPE) and Dogwifhat (CRYPTO: WIF) failing to back up their September gains. What Happened: Crypto trader Unipcs highlighted that despite the hype around newer coins, established ones like Dogecoin (CRYPTO: DOGE), Shiba Inu, Floki (CRYPTO: FLOKI), Bonk (CRYPTO: BONK), Dogwifha, and Pepe are poised for a significant rally.

Dogecoin, Shiba Inu, Dogwifhat Struggle But 'Established Meme Coins Will Pull A Super Aggressive Monster Rally,' Trader Vows

Shytoshi Kusama, the mysterious lead developer and co-founder of the Shiba Inu (CRYPTO: SHIB) ecosystem, shared a cryptic post, sparking intrigue and speculation in the cryptocurrency community.

Shiba Inu Lead Developer Shytoshi Kusama Reshares Mysterious Post About 'The Last Chapter To My Story'— Is He Hinting At An Exit From Project Or A Potential Moon Run?

On-chain analytics platform Lookonchain highlighted traders booking significant profits with Solana (CRYPTO: SOL) meme coin Popcat (CRYPTO: POPCAT), which could go higher still, according to analysts. What Happened: One trader executed eight trades since Aug. 20, all of which have been profitable, resulting in a total profit of over $1 million.

POPCAT Meme Coin Pops Wallets: These Traders Made Over $8M Profit With Dogecoin, Shiba Inu Kitty Rival

Crypto analyst Murad Mahmudov predicts a "meme coin super cycle" that could reshape the cryptocurrency landscape in the coming years. What Happened: In a recent podcast, Mahmudov shared his unconventional thesis on why meme coins are poised to outperform traditional crypto assets.

'Memecoin Supercycle' Means Best Tokens Are Cults, Says Analyst: Do Dogecoin And Shiba Inu Fit The Bill?

Shiba Inu's (CRYPTO: SHIB) prices have spiked over the past month as burn rates continue to rise and significant developments increase bullish sentiment in the community. What Happened: Shiba Inu's burn rate has increased by 544.6% with around 5.2 million SHIB coins burned in the past 24 hours, according to Shibburn data.

'Dogecoin Killer' Shiba Inu Up 39% Over The Past 30 Days But That 'Will Accelerate,' Says Bullish Trader

Memecoins erupted Sunday, with major coins topping the daily cryptocurrency gainers list. What happened: Dog-themed token dogwifhat soared more than 16%, becoming the second-best performing cryptocurrency in the last 24 hours.

Popcat, Dogwifhat Chart Toppers In Memecoin Tsunami; Dogecoin, Shiba Inu Rise As Broader Sentiment Improves

Shytoshi Kusama, the mysterious lead developer at the helm of the Shiba Inu (CRYPTO: SHIB) ecosystem, praised the UAE administration for exempting cryptocurrency transactions from value-added tax (VAT). What happened: In an X post on Sunday, Kusama responded to news of the exemption with a GIF of Vegeta, a character in the popular anime series Dragon Ball.

Shiba Inu's Shytoshi Kusama Calls This Nation 'Crypto Capital' After It Makes Digital Asset Transactions Tax Free

Bitcoin

Ethereum

Pepe

Discover the top cryptocurrencies by year-to-date performance as of October 2024, exploring which cryptos have shown the most growth this year.

10 Top Cryptos By Year-To-Date Performance In October 2024

Shiba Inu's (CRYPTO: SHIB) sudden spike in prices thanks to positive macro data has traders hoping for more upside in Q4. What Happened: Shiba Inu is up 10% to $0.0000175 on Friday, outperforming its rival DOGE, which is up 5%.

'Dogecoin Killer' Shiba Inu Rallies 10%: What Is Going On?

Shiba Inu (CRYPTO: SHIB) is seeing rising burn rates but is struggling with bearish technical indicators foreshadowing a further drop in prices. What Happened: Shiba Inu's burn rate increased by 226.5% over the past 24 hours following the last burn transaction of 2.6 million coins around 21 hours ago, according to Shibburn data.

'Dogecoin Killer' Shiba Inu's Burn Rate Increases 227%—Then Why Are Technical Indicators So Weak?

﻿The price of Shiba Inu (SHIB) is in an uptrend after breaking above the moving average lines and the $0.00001600 resistance level.

Shiba Inu Corrects Upwards Above The $0.00001600 Breakout Level

A prominent crypto trader suggests that meme coins like PEPE (CRYPTO: PEPE), Dogwifhat (CRYPTO: WIF) and Popcat (CRYPTO: POPCAT) are poised for potential breakouts based on a technical indicator. What Happened: The Elliott Wave theory posits that a bullish asset often undergoes a five-wave rally before reaching its peak and usually rebounds after completing an ABC correction.

Could PEPE, WIF, And POPCAT Outshine Shiba Inu And Dogecoin In The Next Meme Coin Rally?

Cat-themed memecoin Popcat (POPCAT) was the outlier Tuesday, trading in the green amid a broader memecoin meltdown precipitated by fears of war in the Middle East. What happened: The Solana (CRYPTO: SOL)-based coin was up 0.28% as of this writing, becoming the only cryptocurrency among the top 10 biggest meme coins by market capitalization to record gains.

Dogecoin And Shiba Inu Sink 7%, But Year's Best-Performing Cat-Themed Crypto, Popcat, Keeps Head Above Water

Cryptocurrency analyst Murad Mahmudov predicted a "meme coin super cycle" in a speech at the Token 2049 conference in Singapore, arguing that these tokens are outperforming traditional cryptocurrencies and are poised for significant growth. What Happened: Mahmudov pointed out that meme coins are already dominating the market, with 13 out of the top 20 outperforming tokens being meme coins.

'Meme Coin Supercycle' Means 13 Out Of Top 20 Outperforming Tokens Are Memes: Will Shiba, Dogecoin Be First To Reach $100B?

After a strong resurgence in September, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) seem set for an even stronger performance in October. What Happened: Elon Musk, a vocal supporter of Dogecoin, on Saturday tweeted an AI-generated picture of him and Donald Trump with an image of the Dogecoin dog and the inscription "Department Of Government Efficiency.

Dogecoin Up 19%, Shiba Inu Surges 32% In September: What's Next For The Meme Coin Leaders?

In the past week, meme coins have been on a roll, with shiba inu (SHIB) leading the top five pack, gaining 35.5% against the U.S. dollar over seven days. However, the real standout was MOODENG, the meme token inspired by a baby pygmy hippopotamus from Thailand.

Meme Coins Shine: SHIB Climbs 35%, MOODENG Rises to $305M Market Cap

The meme coin market is heating up again, with Shiba Inu (SHIB) seeing a 20% price jump since yesterday. Not to be outdone, the Boy's Club-inspired duo, Brett (BRETT) and Pepe (PEPE), aren't far behind – racking up some impressive gains of their own.

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