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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.

Cat-themed meme coins are surging off the back of a major cryptocurrency rally, outperforming their dog-themed meme coin rivals. What Happened: In the past 24 hours, Popcat (CRYPTO: POPCAT) and Mew (CRYPTO: MEW) collected gains of 36% and 33%, respectively.

Cat Coins Popcat, MEW Eat Dogecoin's, Shiba Inu's Lunch With Gains Of Over 30%: What Is Going On?

Dogecoin

Meme coin leaders Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have rallied 4.5% and 8% after the announcement of a 50-basis points rate cut in interest rates. What Happened: Interest rate cuts have prompted crypto traders to predict bullish momentum for the cryptocurrency markets.

Dogecoin Rallied 4.5%, 'Dogecoin Killer' Shiba Inu 8%: What Is Going On?

The official Shiba Inu (CRYPTO: SHIB) account on X has announced that tomorrow at noon EDT, the highly anticipated liquid staking platform, K9 Finance, will launch on the Shibarium network. What Happened: This new platform will allow users to engage in liquid staking for Bone ShibaSwap (CRYPTO: BONE), a key token in the Shiba Inu ecosystem.

Shiba Inu Team Says Launching K9 Finance Liquid Staking On Shibarium Tomorrow: Are SHIB Burns Set To Accelerate From Here On Now?

Shiba Inu's (CRYPTO: SHIB) relatively flat performance over the past week and month is accompanied by consistently rising burn rates. What Happened: The burn rate has skyrocketed by 14,506.9% thanks to a burn transaction of 25 million coins around 17 hours ago, according to Shibburn data.

Shiba Inu Burn Rate Spikes 14,500%, But: Market Is 'Heavily Manipulated, Not Even Elon Can Pump Doge,' Says Marketing Lead

Today, September 14, the price of Shiba Inu (SHIB) is trading sideways after the price drop on August 5. Price analysis by Coinidol.com.

Shiba Inu Pulls Back Above $0.00001230 And Trades In A Narrow Range

Shiba Inu (CRYPTO: SHIB) is up 10% over the past week and traders expect this pattern to continue. What Happened: With Shiba Inu prices rallying 4.4% in a single day, crypto trader Javon Marks noted that the meme coin is breaking out of its falling wedge pattern.

'Dogecoin Killer' Shiba Inu Burns 11 Million Coins In A Single Day: A Breakout 'May Spark The Next Wave Of An Over 480% Run,' Trader Says

A leading crypto analyst has utility-centered meme coins in his crosshairs. Austin Hilton says it's just a matter of time until Shiba Inu's next parabolic breakout. The analyst also expects huge gains for the new ICO token Crypto All-Stars. The Crypto All-Stars ($STARS) presale is ongoing, and it has just surpassed the $1.

Popular Trader Says Shiba Inu and Crypto All-Stars are His Top Altcoin Picks for the Next Bull Run

Shiba Inu's (CRYPTO: SHIB) dull monthly performance and technical indicators point to further short-term weakness for the popular meme coin. What Happened: Shiba Inu's burn rate has surged by 8,193.6% since burning 1 million coins around 13 hours ago, according to Shibburn data.

'Dogecoin Killer' Shiba Inu's Burn Rate Spikes 8,193%, But Technical Analysis Has Bad News For Bulls

Memecoins lifted Sunday as the broader cryptocurrency market staged a spirited recovery from Friday's lows. What happened: Cat-themed cryptocurrency, Popcat, led the rally, with gains upwards of 6.5% in the last 24 hours.

Popcat, Brett Outperform Dogecoin, Shiba Inu In 24 Hour Gains As Memecoins Join Broader Market Rise

The price of Shiba Inu (SHIB) is steadily falling below the moving average lines, reaching a low of $0.00001079 on August 5. Nevertheless, the price indicator points to a further decline to a low of $0.00000884.

Shiba Inu Falls As The Bears Try To Break The $0.00001300 Low

Shiba Inu (CRYPTO: SHIB) is trading higher as the burn rate spikes 189% prompting traders to predict a 231% rally for the meme coin. What Happened: Shibburn data reported a burn rate of 189.4% in the past 24 hours.

'Dogecoin Killer' Shiba Inu Confirms Bullish Patterns, Eyes 231% Recovery To 2024 Highs As Burn Rate Soars

Pepe

Meme coins are in the spotlight today, rallying after an extended period in the red. Thanks to this revival, several new coins are beginning to gain traction. The most prominent is Crypto All-Stars (STARS) – with one crypto expert even suggesting it could 10x in price after listing on exchanges.

Meme Coin Prices Recover as Top Crypto Expert Predicts 10x Returns for New Crypto All-Stars Token

Memecoins staged a robust recovery on Monday as the broader cryptocurrency market rallied on the Labor Day holiday. What happened: The charge was led by Solana (CRYPTO: SOL)-based token, dogwifhat, which recorded a spike of over 12% in the last 24 hours.

Dogwifhat, Popcat Lead Memecoin Rally As Crypto Market Recovers From Weekend Fall—Dogecoin, Shiba Inu Among Healthy Gainers As Well

SUNDOG, a dog-themed coin on the Tron (CRYPTO: TRX) blockchain, overcame the broader memecoin slump to post healthy gains on Sunday. What happened: The meme cryptocurrency jumped more than 6% over the last 24 hours to $0.2371, taking its market capitalization past $238 million.

Justin Sun-Backed Memecoin Rallies Among Dogecoin, Shiba Inu Slump — What You Need To Know

The price of Shiba Inu (SHIB) fell below the 21-day SMA support, resuming the selling pressure.

Shiba Inu Holds Above $0.00001330 And Continues Its Upward Trend

Shiba Inu (CRYPTO: SHIB) lead developer Shytoshi Kusama welcomed the addition of the popular memecoin as a collateral currency for backing futures positions on the cryptocurrency exchange Kraken. What happened: Kraken Pro, the exchange's interface for professional traders, stated Thursday that users would be able to use SHIB as collateral to place futures trades.

Shiba Inu Lead Developer Shytoshi Kusama Reacts As Kraken Adds Memecoin As New Collateral — Burn Rate Fires 139103%

Popcat, the cryptocurrency market's biggest gainer this year, plunged steeply Thursday, even as the broader memecoin market remained flat. What happened: The cat-themed cryptocurrency tumbled more than 8% in the last 24 hours, marking a sharp reversal from the previous day's rally.

Cat-themed Popcat Tumbles Over 8% — Dogecoin, Shiba Inu, Pepe Little Changed

Shiba Inu (CRYPTO: SHIB) is up 14% over the past week following notable community developments and optimistic trader outlooks. What Happened: Marketing lead Lucie posted a community update on Saturday, announcing that Shiba Inu is planning to strengthen its position in decentralized governance with the launch of a decentralized autonomous organization.

'Dogecoin Killer' Shiba Inu Surges 14% Past Week, Prepares DAO Launch To Empower Holders With Voting Rights

International Dog Day, observed across the world on Aug. 26, is a special day to celebrate the presence of canines in our lives and cherish their companionship. The cryptocurrency space also has a special affinity with these cute critters, thanks to the numerous popular dog-themed memecoins that have emerged in recent years.

From Shiba To Dogecoin, Here Are The Best-Performing Canine Memecoins Of 2024 Fetching Great Returns On International Dog Day

﻿The price of Shiba Inu (SHIB) has recovered but is currently trading between the moving average lines. The cryptocurrency is recovering from its low of $0.00001079.

Shiba Inu Stops At $0.00001552 And Continues Its Range

Dogwifhat's (CRYPTO: WIF) largest holder, already more than $68 million in profit, is accumulating the meme coin as traders predict a breakout. What Happened: Lookonchain data shows an anonymous investor, Dogwifhat's largest holder, actively increasing his WIF holdings.

The Largest Holder Of Shiba Inu's Rival Dogwifhat Is Up $68M On Their WIF But Just Started Accumulating More

Shiba Inu (CRYPTO: SHIB) is seeing a fresh increase in burn rates as the community celebrates notable developments. What Happened: Shiba Inu's burn rate surged by 1,197.5%, with a single transaction burning 24.8 million coins around 14 hours ago, according to Shibburn data.

Shiba Inu's Burn Rate Rockets 1,198% Higher As 28M SHIB Are Incinerated: 'Current Swing Has One More Upside To Come,' Touts Trader

Popular dog-themed cryptocurrency Shiba Inu (CRYPTO: SHIB) witnessed an astronomical burn rate jump as the ecosystem's Layer-2 network, Shibarium, marked its first anniversary. What Happened: Shibarium went live on mainnet in August last year, marking a watershed point for the ecosystem in establishing Shiba Inu as a full-fledged decentralized system.

Shiba Inu's Burn Rate Explodes 1088% As Layer-2 Network Shibarium Completes One Year Since Launch

Floki and dogwifhat defied the broader market dip to fare among the cryptocurrency market's biggest gainers Tuesday. What Happened: Solana (CRYPTO: SOL)-based WIF emerged as the best-performing $1 billion capitalization memecoin in the last 24 hours.

Floki, Dogwifhat Shake Off Broader Market Pullback, Outperform Dogecoin, Shiba Inu In 24-Hour Gains

Shiba Inu (CRYPTO: SHIB) lead developer, Shytoshi Kusama, has emphasized the crucial role of the Bone ShibaSwap (CRYPTO: BONE) token in the project's future. What Happened: On Tuesday, Kusama responded to an X user's accusation of poor advertising for the BONE token.

News for Shiba Inu Crypto (SHIB)