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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.

Shiba Inu (CRYPTO: SHIB), the second largest canine-themed cryptocurrency, has made its way into the top ten most-bought cryptocurrencies by whales on the Ethereum (CRYPTO: ETH) network. What Happened: On Tuesday, WhaleStats tweeted that SHIB is among the ten cryptos most purchased tokens by the 5,000 biggest ETH whales.

Shiba Inu Among Top 10 Crypto Purchases By Ethereum Whales: Which Others Made It To The List?

The World Economic Forum (WEF) denies it invited Shiba Inu to work with it on global metaverse policy following claims that it had from the memecoin's dev team last week. The post WEF denies it asked Shiba Inu to work with them on metaverse global policy appeared first on The Block.

WEF denies it asked Shiba Inu to work with them on metaverse global policy

A crypto whale is abruptly moving a staggering amount of Dogecoin (DOGE) competitor Shiba Inu (SHIB) in one massive transaction. According to new data from blockchain search engine Etherscan, the deep-pocketed trader moved 1.29 trillion SHIB worth about $12 million at time of writing from one unknown wallet to another.

Mysterious Whale Moves 1,296,926,801,221 Shiba Inu (SHIB) in Massive Crypto Transaction

Dogecoin

Shiba Inu (CRYPTO: SHIB) was trading flat during Tuesday's 24-hour trading session, left behind by Dogecoin (CRYPTO: DOGE), which was spiking over 6% higher as it attempted to break up from a double inside bar pattern that Benzinga pointed out on Monday. The two Shiba Inu-based cryptocurrencies have been trading in uptrends since Nov. 22, but Dogecoin has shown comparative strength, soaring about 40% higher, while Shiba Inu has rebounded a more conservative 11%.

Shiba Inu Lags Dogecoin, But Here's Why The Crypto Could Catch Up

Shiba Inu (CRYPTO: SHIB) has seen 100% weekly burns in the past week, as investors seek to reduce the supply of the coin in a bid to drive up prices. What Happened: According to the Shibburn Twitter account, 223,264,370 SHIB tokens were burned and 51 transactions were made in the last seven days.

Shiba Inu Sees 100% Weekly Burns As Whales Stack Up $66M

Bitcoin

Ethereum

Polygon

Crypto insights firm IntoTheBlock finds that the majority of those invested in leading meme token Dogecoin (DOGE) are in profit while holders of other large crypto assets are weathering losses. At time of writing, 57% percent of all DOGE holders are in profit, while 37% are underwater and 6% are breaking even.

Most Dogecoin Holders in Profit As Bitcoin, Ethereum, Shiba Inu, Polygon Investors Nurse Losses: IntoTheBlock

Solana

The market cap of popular cryptocurrency Solana (CRYPTO: SOL) and meme coin Shiba Inu (CRYPTO: SHIB) has slipped below that of Dogecoin (CRYPTO: DOGE) relative Litecoin (CRYPTO: LTC). What Happened: At the time of writing, LTC was at 13 in terms of market capitalization, while SHIB ranked 14th in the list and SOL was at 16, according to CoinMarketCap's top 100 list of cryptocurrencies.

Solana, Shiba Inu Market Cap Shrinks Below This Dogecoin 'Relative' Amid Chaotic Market Conditions

Shiba Inu (CRYPTO: SHIB) and Baby Doge Coin (CRYPTO: BABYDOGE) were both trading slightly lower during Friday's 24-hour trading session, in continued consolidation after the FTX debacle and resulting bankruptcy sent the wider crypto sector plunging on Nov. 8 and Nov. 9. Shiba Inu and Baby Doge Coin have traded in tandem with Dogecoin (CRYPTO: DOGE), settling into triangle patterns, which could also be considered bear flag patterns when paired with the FTX-induced decline.

Chart Wars, Canine Edition: Will Shiba Inu Or Baby Doge Coin Break From This Pattern First?

Shiba Inu (CRYPTO: SHIB) suffered some volatility during Monday's 24-hour trading session, whipsawing up and down between $0.00000854 and $0.0000094. The volatility was instigated by Binance CEO and founder Changpeng "CZ" Zhao, who took to Twitter to try and calm investor fears over the liquidity crisis caused by the decimation of Sam Bankman-Fried's FTX trading platform last week.

'Dogecoin Killer' Shiba Inu Steadies After Increasing Volatility: A Look At The Trading Patterns

Kris Marszalek, CEO of cryptocurrency exchange, Crypto.com, tweeted on Friday that the company is working with Nansen to create a simple dashboard to show “a full audited proof of reserve.” Nansen tracked all wallets related to Crypto.com to show this dashboard view of the Crypto.com reserve.

20% Of Crypto.com Reserves Are On This Meme Coin

Amid questions over holdings, Crypto.com shares its data—and a major meme token makes up a big chunk of its reserves.

Crypto.com Holds 20% of Its Reserves in Meme Token SHIB

Shiba Inu (CRYPTO: SHIB) swung wildly between 9 a.m. and 10 a.m.

Shiba Inu Swings Violently With Bitcoin, Ethereum Following FTX Bankruptcy: What's Happening?

Deep-pocketed Shiba Inu (SHIB) investors are moving hundreds of billions of the dog-themed meme token amid the turmoil in the crypto market. Citing data from Ethereum (ETH) analytics platform Etherscan, Shiba Inu burn project ShibaPlay says crypto whales transferred a total of 877 billion SHIB tokens worth $7.8 million in a series of transactions.

Whales Move 877,000,000,000 Shiba Inu (SHIB) in Series of Massive Crypto Transactions Amid Extreme Market Volatility

Shiba Inu (CRYPTO: SHIB) is lower by some 6.31% to $0.00000936 Wednesday morning. Shares of several altcoins are trading lower following a CoinDesk report suggesting Binance is leaning toward scrapping the FTX acquisition.

Why Dogecoin Rival Shiba Inu Is Extremely Volatile Today

Dogecoin (CRYPTO: DOGE) and Shiba Inu's (CRYPTO: SHIB) popularity skyrocketed beginning in early 2021 in the midst of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) enjoying long bull cycles. The cryptos, both with Shiba Inu dogs as their logos, surged in price.

How Has The Rise And Fall Of Dogecoin, Shiba Inu Affected The Popularity of The Shiba Inu Breed

Shiba Inu (CRYPTO: SHIB) was plunging over 20% at one point Tuesday afternoon, in tandem with the broader crypto sector, which is seeing high levels of volatility in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Dogecoin (CRYPTO: DOGE) sank almost 30% before bouncing up off the 200-day simple moving average (SMA).

'Dogecoin Killer' Shiba Inu Falls Off Cliff As Crypto Sector Takes Serious Downturn: What To Watch

Shiba Inu (CRYPTO: SHIB) is trading sharply lower by 16.14% to the $0.000010-level Tuesday afternoon amid concerns over the financial condition of cryptocurrency exchange FTX. What Happened?

Why Shiba Inu (SHIB) Is Nosediving

The ongoing feud between crypto titans may have rubbed off on the broader market, with Dogecoin and Shiba Inu hit badly.

Dogecoin, SHIB Plummet as Crypto Market Sheds $44B Overnight

Shares of several popular altcoins, including Shiba Inu (CRYPTO: SHIB), are trading lower Monday evening in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto, Ethereum (CRYPTO: ETH).

What In The World Is Going On With Dogecoin Rival Shiba Inu (SHIB) Falling Suddenly?

Curve DAO Token

A popular cryptocurrency analyst and trader is expressing bullish sentiment on two specific altcoins as the digital asset markets begin to flash signs of bullishness.

Trader Who Accurately Called Bitcoin's 2022 Tumble Says Two Ethereum-Based Altcoins Set for Extended Rallies

A widely followed crypto analyst is forecasting potential rallies in XRP and another Ethereum-based altcoin from the social token space. The pseudonymous analyst known as Altcoin Sherpa tells his 186,000 Twitter followers that XRP is forming a decent base for a rally as long as Bitcoin (BTC) can hold steady.

Analyst Predicts Rallies in XRP and One Ethereum-Based Altcoin, Updates Stance on DOGE Rival Shiba Inu (SHIB)

A popular crypto analyst who correctly predicted the recent rise of Dogecoin (DOGE) says another dog-themed meme coin may be next. The pseudonymous trader SmartContracter tells his 213,000 Twitter followers that the Ethereum-based altcoin Shiba Inu (SHIB) will likely witness an echo rally.

Trader Who Accurately Predicted Dogecoin Explosion Says This Ethereum-Based Altcoin May Be Next

Shiba Inu (CRYPTO: SHIB) was spiking up over 10% higher at one point during Monday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE), which reached 11.72% over Sunday's 24-hour closing price. The two Shiba Inu-based cryptocurrencies have been trading mostly in unison since Oct. 25, when Dogecoin started to surge higher following news Tesla CEO Elon Musk had told bankers he planned to close his acquisition of the now private social media company Twitter.

Shiba Inu Follows Dogecoin Into Consolidation: Is The Crypto Getting Ready To Surge Higher?

Avalanche

A crypto strategist known for his timely altcoin calls says traders looking to suddenly flip bullish on meme token Shiba Inu (SHIB) at current levels should exercise caution. Pseudonymous trader Altcoin Sherpa tells his 185,700 Twitter followers that Shiba Inu might be losing some steam after failing to break key resistance levels.

Popular Crypto Analyst Issues Alert for Shiba Inu, Predicts Rallies for Dogecoin and Two Additional Altcoins

A leading crypto analytics firm says dog-themed coin Shiba Inu (SHIB) could be playing a game of follow the leader with fellow meme token Dogecoin (DOGE). Santiment says that Shiba Inu is starting to gather some momentum after displaying strength in its Bitcoin pair (SHIB/BTC).

News for Shiba Inu Crypto (SHIB)