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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

A meme posted from Robinhood Markets Inc's (NASDAQ: HOOD) Twitter account on Thursday had the Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) communities deliberating which dog-themed crypto had featured alongside the Robinhood CEO. What Happened: Popular retail brokerage Robinhood Markets Inc (NASDAQ: HOOD) shared a meme featuring CEO Vlad Tenev and a Shiba Inu dog wearing matching green sweaters.

Dogecoin Or Shiba Inu? Robinhood Posts Dog Meme On National Best Friend Day

Meme-based cryptocurrency Shiba Inu (CRYPTO: SHIB) saw an uptick in buy orders on Coinbase Global Inc (NASDAQ: COIN) on Thursday. What Happened: According to trading data from the cryptocurrency exchange, 63% of Coinbase traders increased their SHIB position over the last 24 hours.

Why Is Shiba Inu (SHIB) Buying Pressure Surging On Coinbase?

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in, or thinking about as they manage and build their personal portfolios. This week we posed the following question to over 1,000 Benzinga visitors on cryptocurrency investing: By the end of the year, will Shiba Inu (CRYPTO: SHIB) or Dogecoin (CRYPTO: DOGE) grow more?

Will Shiba Inu Or Dogecoin Rise More By The End Of 2022?

Ryoshi deleted his blog and tweets like he once announced in a blog article that he would.

Shiba Inu Founder Ryoshi Deletes His Social Media Accounts

Ryoshi, the pseudonymous creator behind meme coin Shiba Inu (CRYPTO: SHIB), has deleted all tweets and blog posts from his Twitter Inc (NYSE: TWTR) and Medium accounts. What Happened: On May 30, the SHIB creator abruptly deleted all his posts, including the first-ever blog introducing the cryptocurrency titled “All Hail the Shiba.

Shiba Inu (SHIB) Founder Ryoshi Abruptly Deletes All Tweets, Blog Posts

Will Shiba Inu Or Dogecoin Rise More By 2023?

According to Shibburn, over 500 million Shiba Inu (CRYPTO: SHIB) tokens have been destroyed over the last 48 hours.  The largest burn transaction carried more than half of the total amount of the destroyed SHIB - 295,559,819 coins.

509M Shiba Inu Burned In The Last 48 Hours, Now The Token Can Be Burned Via Amazon As Well

Ether

Even though the price of Dogecoin (CRYPTO: DOGE) rival Shiba Inu (CRYPTO: SHIB) continues to fall, Ethereum (CRYPTO: ETH) whales seem to have a good inclination towards the meme coin.  Shiba Inu has recently become the most significant holding of the top 500 ETH whales.

Ethereum Whale Buys $1.5M Worth Of Shiba Inu In One Shot

A panel of specialists at Finder has predicted the death of shiba inu (SHIB) cryptocurrency. The majority believes that the price of the meme crypto will eventually fall to zero. In addition, “Our panel is overwhelmingly out on SHIB, with 73% saying that now is the time to sell.” SHIB's Price Prediction Leading price comparison […]

Finder's Panel Predicts Death of Shiba Inu Crypto — SHIB Expected to Have No Value by 2030

Solana

Cryptocurrency markets were mostly in the green on Friday, as DOT was up by nearly 40%, moving away from an 18-month low. Although SOL, AVAX, and MATIC all rose by over 20%, it was SHIB that was one of the standout gainers in today's session. Polkadot (DOT) DOT was one of today's biggest gainers, as […]

Biggest Movers: SHIB, DOT Nearly 30% Higher, as SOL Also Surges

ApeCoin

Avalanche

The crypto market is deep in the red today, and these coins have suffered some of the biggest losses outside of Terra.

Not Just Terra: ApeCoin, Avalanche, Solana, Shiba Inu All Down at Least 20% in Crypto Crash

Both coins fell hard on Monday along with the wider market, but SHIB is fetching speeder returns than its meme rival.

Shiba Inu Is Rebounding Faster Than Dogecoin After Crypto Crash

Cardano

Monday's downturn in crypto markets sent several tokens lower, with cardano, polkadot and shiba inu all falling by over 15%. Despite this, there were some notable exceptions which rose to start the week, WAVES being one of them. WAVES WAVES was trading in the green on Monday, as prices rose by as much as 9% […]

Biggest Movers: DOT, ADA, SHIB Down Under 10%, as WAVES Rallies on Monday

Amid the broader cryptocurrency market downturn, the popular meme coin Shiba Inu fell to its seven-month low on Monday.

Shiba Inu Token Hits Seven-Month Low as Crypto Market Worsens

Today's top meme coins have lost 4.8% in value against the U.S. dollar, as the crypto market carnage has wreaked havoc across the entire digital currency economy. While dogecoin had a phenomenal year in 2021, over the past 12 months, dogecoin lost 82.8% against the USD. DOGE Tapped an All-Time High a Year Ago Today, […]

Meme Token Carnage — DOGE, SHIB Prices Sink Lower, Dogecoin Down 82% Since Last Year

Bitcoin

According to Vogue Business, customers who want to transact using crypto will be emailed a QR code — enabling them to complete a transfer from their wallet.

Gucci to Accept Bitcoin, Dogecoin and Shiba Inu at All U.S. Stores By End of the Summer

The market's leading meme coins, Dogecoin and Shiba Inu, have had a brutal week, with both cryptocurrencies deep in the red.

Dogecoin, Shiba Inu Tokens Suffer Week in Red as Investors Flee Meme Coins

Decentraland

Fresh data shows that the world's biggest Ethereum (ETH) whales are hoarding meme coin Shiba Inu (SHIB) to the tune of nearly $10 million worth each, on average. The latest numbers from WhaleStats reveal the investment behavior of the 100 wealthiest non-exchange Ethereum addresses. The whale-monitoring website shows that the average Shiba Inu holdings are […] The post Richest Ethereum Whales Favoring Shiba Inu (SHIB) and Two Metaverse Altcoins Over Rest of Market: On-Chain Data appeared first on The Daily Hodl.

Richest Ethereum Whales Favoring Shiba Inu (SHIB) and Two Metaverse Altcoins Over Rest of Market: On-Chain Data

22 days ago, Bitcoin.com News wrote about a Coin Insider trends study that combed through Google Trends data in the United States. According to the report, dogecoin was the most Googled cryptocurrency in the country. Another study — published by askgamblers.com — has covered similar data, but concentrated on the U.K.'s and Europe's Google searches. […]

Google Trends Study Shows SHIB Is the Most Popular Crypto in the UK

New data shows that the biggest Ethereum (ETH) whales are loading up on meme coin Shiba Inu (SHIB), the new kid on the crypto block ApeCoin (APE) and two metaverse tokens. The latest numbers from WhaleStats reveal the investment behavior of the 100 wealthiest non-exchange Ethereum addresses. The digital asset whale-monitoring website shows that in […] The post Ethereum Whales Stockpiling Dogecoin Competitor Shiba Inu, ApeCoin and Two Additional Altcoins: On-Chain Data appeared first on The Daily Hodl.

Ethereum Whales Stockpiling Dogecoin Competitor Shiba Inu, ApeCoin and Two Additional Altcoins: On-Chain Data

A new burn portal now lets Shiba Inu token holders is incentivizing participants to cut the meme coin's circulating supply.

Shiba Inu Launches ‘Burning Portal' to Reward SHIB Token Holders

Shiba inu holders can now get rewards for burning their SHIB tokens as the project's development team officially launched the Shibaswap burn portal. According to the team, SHIB burners generate passive income in the form of RYOSHI rewards by holding on to a new token called “burntSHIB.” SHIB Army Celebrates the Token Burn Rate as […]

Shiba Inu's New Burn Portal Rewards SHIB Burners for Destroying Their Tokens

The world's largest Ethereum (ETH) whales are gobbling up memecoin Shiba Inu (SHIB) even while data suggests that most SHIB investors remain deep underwater. According to a new tweet from the whale-tracking website WhaleStats, SHIB has surpassed ETH layer-2 scaling solution Polygon (MATIC) as the top traded crypto asset among the top 500 Ethereum wallets. […] The post Ethereum Whales Pouncing on Dogecoin Competitor Shiba Inu Amid Crypto Market Downtown, According to On-Chain Data appeared first on The Daily Hodl.

Ethereum Whales Pouncing on Dogecoin Competitor Shiba Inu Amid Crypto Market Downtown, According to On-Chain Data

The offensive imagery was spotted by members of the project's Discord channel — and users quickly made counter purchases to turn the hateful symbol into a window instead.

Shiba Inu Metaverse Controversy as User Attempts to Draw Swastika on Map By Buying Virtual Land

WhaleStats recently reported that Ethereum (CRYPTO: ETH) whale "BlueWhale0073," which is the fifth-largest ETH whale, has bought more than 223 billion Shiba Inu (CRYPTO: SHIB) worth over $5.7 million.

News for Shiba Inu Crypto (SHIB)