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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.

Bitcoin

Dogecoin

Shiba Inu (CRYPTO: SHIB) was popping up about 1.7% higher during Tuesday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE), which was trading slightly higher. Both Shiba Inu-inspired cryptos had been consolidating since Sunday, along with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Shiba Inu Consolidates With Dogecoin, Bitcoin — Can The Crypto Regain This Bellwether?

Dogecoin (DOGE) rival Shiba Inu (SHIB) is offering more details on the status of the much-hyped Shibarium project. In a new blog post, the project says that the beta version of the SHIB ecosystem's proposed layer-2 scaling protocol is “about to be launched.

Dogecoin (DOGE) Rival Shiba Inu (SHIB) Gives Big Update on Details Behind New Shibarium Project

A new token slated to power the Shibarium Shiba Inu (SHIB) layer-2 ecosystem is leaping in price to start the new year. Bone ShibaSwap (BONE), the utility token to be used for Shibarium's transaction fees and other activities, is trading for $1.

Altcoin From Shiba Inu (SHIB) Ecosystem Nearly Doubles in Price To Start the Year Ahead of Shibarium Release

The largest Ethereum (ETH) whales are heavily invested in the popular memecoin Shiba Inu (SHIB) as the crypto markets flash signs of life, according to on-chain data.

Shiba Inu Becomes Top Altcoin Among Ethereum Whales As Crypto Markets Awaken: WhaleStats

Shiba Inu (CRYPTO: SHIB) is back among the most-held crypto under the top 100 Ethereum (CRYPTO: ETH) whales ahead of the much-anticipated Shibarium launch. What Happened: According to Whalestats , SHIB ranks third among the other holdings by the top 100 ETH whales.

Why Shiba Inu Is Back On Top 3 Holdings Of Major Ethereum Whales

The meme token shiba inu has seen a rise against the U.S. dollar during the last seven days as the coin's supporters anticipate the beta launch of the layer two (L2) scaling solution Shibarium. Developers detailed on Jan.

SHIB Token Sees Rise Ahead of Shibarium Beta Launch

Solana

Solana started the week trading near a two-month high, as momentum remained marginally bullish, despite market consolidation. The global cryptocurrency market cap is currently trading 0.98% higher as of writing. Shiba inu also traded close to recent highs, despite declines on Monday.

Biggest Movers: SOL, SHIB Remain Near Multi-Month Highs, Despite Market Consolidation

The global crypto market cap is above $1 billion as cryptocurrencies stay in the green. The post Shiba Inu rises after announcing Layer 2 launch as bone token pops; US markets closed appeared first on The Block.

Shiba Inu rises after announcing Layer 2 launch as bone token pops; US markets closed

The Shiba Inu team announced on Sunday that the ecosystem's speedy layer-2 upgrade Shibarium is just around the corner.

SHIB Team Says Layer-2 Network Shibarium to Launch ‘Soon'

Shiba Inu (CRYPTO: SHIB) soared by as much as 6%, outperforming other leading meme cryptocurrencies such as Dogecoin (CRYPTO: DOGE) and Dogelon Mars (CRYPTO: ELON) on Monday. What Happened: Shiba Inu's lead developer Shytoshi Kusama made a post on Shibarium.

Shiba Inu Token Soars As Lead Developer Reveals Long-Awaited Layer-2 Solution

Shiba Inu will soon launch a beta for its planned Ethereum Layer 2 network called Shibarium with bone tokens used for transaction fees. The post Shiba Inu about to launch Ethereum Layer 2 network Shibarium in beta appeared first on The Block.

Shiba Inu about to launch Ethereum Layer 2 network Shibarium in beta

The biggest Ethereum (ETH) whales in existence are eyeing up Dogecoin (DOGE) rival Shiba Inu (SHIB), according to on-chain data. Keeping track of the 500 biggest whales on the Ethereum network, blockchain tracker service WhaleStats says that SHIB is the third largest holding among the cohort, excluding stablecoins and staked Ether (stETH).

Largest Ethereum Whales Pounce on Shiba Inu, Accumulate Over $85,500,000 Worth of SHIB: On-Chain Data

Ecosystem tokens shiba inu, leash and bone will serve as the the upcoming Ethereum-based blockchain.

Shiba Inu Developers Reveal First Look of Layer 2 Blockchain Shibarium

Bonk

The two largest memecoins by market cap are looking to outrun a new Solana-based rival. Dogecoin (DOGE) and Shiba Inu (SHIB) surged alongside Bitcoin and the broader market over the past week, leaving the new much-hyped dog-themed altcoin Bonk (BONK) in the rear view mirror.

Dogecoin and Shiba Inu Battle Solana-Based Memecoin That's Surged 787% in Two Weeks

Solana surged by as much as 30% on Saturday, setting a fresh multi-month high in the process. The move comes as cryptocurrency markets were significantly bullish to start the weekend, with the global market cap 8.28% higher as of writing. Shiba inu was trading at its strongest point since November.

Biggest Movers: SHIB Hits 6-Week High, Whilst SOL Extends Recent Gains

A crypto whale is abruptly moving trillions of Shiba Inu (SHIB) tokens as the dog-themed crypto asset prepares to unveil its new metaverse at SXSW. According to the whale-surveying platform Whale Alert, a staggering 3,323,256,285,484 SHIB worth $30.48 million at time of writing were transferred from one unknown wallet to another.

Whale Moves 3,323,256,285,484 Shiba Inu (SHIB) As Crypto Project Prepares To Showcase New Metaverse

Ethereum Classic

Shiba inu was one of Friday's biggest gainers, as the meme coin raced to a six-week high. The move came as the global cryptocurrency market cap surged, as U.S. inflationary pressures continued to cool off. Ethereum classic was also in the green, with price hitting a two-month high.

Biggest Movers: SHIB Hits 6-Week High, ETC Extends Recent Gains

Most holders of the meme token Dogecoin (DOGE) are sitting on profits, but the majority of rival meme token Shiba Inu (SHIB) owners are in the red even though the crypto markets are rallying. According to blockchain analytics firm IntoTheBlock, 59% of DOGE holders are profitable in their investments while 35% are not.

Most Dogecoin Holders Are in Profit While Majority of Shiba Inu Owners Remain Underwater: IntoTheBlock

Distraught, disgusted, and jaded. Solana's popularity took a hit when reports of possible fraud at Sam Bankman-Fried's then-behemoth crypto exchange FTX first came to light.

Inside Bonk Inu: How 22 Developers Put the Shiba Inu Fun Into Solana and Away From FTX

Shiba Inu (CRYPTO: SHIB) is up 3%, bettering gains clocked by Dogecoin (CRYPTO: DOGE) and Dogelon Mars (CRYPTO: ELON) in the last 24 hours. What Happened: The rally can be attributed to two major reasons.

'Dogecoin Killer' Spikes 3% On Ethereum Whales' Push As Other Meme Coins Play Catch-Up

An affluent crypto investor just moved a large amount of Shiba Inu (SHIB) coins as the dog-themed digital asset gains popularity on exchanges. According to blockchain tracking service Whale Alert, the unknown whale transferred 3,333,256,285,484 SHIB worth $30,262,633 at time of the transaction on January 10th.

Shiba Inu Whale Moves 3,333,256,285,484 SHIB in One Massive Transaction – Here's Where the Crypto Is Going

Shiba Inu (CRYPTO: SHIB) topped intra-day gains on Wednesday, rising 5% and beating top meme coins by market capitalization such as Dogecoin (CRYPTO: DOGE) and Dogelon Mars (CRYPTO: ELON).

Dogecoin 'Killer' Soars 5% To Top Meme Coin Gains: What's Driving It?

The world's largest crypto exchange by volume is staking trillions of Shiba Inu (SHIB) tokens as the dog-themed asset provides updates on its upcoming layer-2 project.

Binance Stakes 4,000,000,000,000 Shiba Inu (SHIB) As Project Details Update on New Layer-2 Blockchain

Meme cryptocurrency Shiba Inu (CRYPTO: SHIB) is up 5.98% in the last 24 hours surpassing Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) gains. What Happened: SHIB, known as the "Dogecoin (CRYPTO: DOGE) killer", has seen an unprecedented surge in value after a large crypto investor transferred a multi-million-dollar sum of the crypto.

Shiba Inu Chews Away Bitcoin, Ethereum's Bones With 6% Surge

Shiba inu moved to a five-week high during Tuesday's session, despite cryptocurrency markets mostly consolidating. As of writing, the global crypto market cap is trading 0.20% lower, however the meme coin is up by nearly 5%. Apecoin also surged in today's session, as it rose to its strongest point since November.

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