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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

Meme coins were trading significantly higher on Saturday, as both shiba inu and dogecoin rose by over 20%. Shiba inu rallied to a six-week high in today's session, as the token broke out of a key resistance level. Dogecoin extended recent gains, climbing to a five-month high in the process.

Biggest Movers: SHIB 20% Higher, as DOGE Hits 5-Month High

Shiba Inu (CRYPTO: SHIB) is trading higher by some 16.10% to $0.00001151 over the trailing seven days. The timing of the push higher in the meme crypto appears to be highly correlated to Elon Musk's Twitter buyout, and is possibly a sympathy play to rival cryptocurrency Dogecoin (CRYPTO: DOGE).

Why Dogecoin Rival Shiba Inu (SHIB) Is Up 16% Over The Past Week

A deep-pocketed Shiba Inu (SHIB) investor is suddenly moving trillions of SHIB in one massive crypto transaction. According to whale-surveying platform Whale Alert, the high-net-worth trader is moving a staggering 3,914,263,607,418 tokens worth about $43 million at time of writing from one unknown wallet to another.

Shiba Inu Whale Abruptly Moves 3,914,263,607,418 SHIB in One Massive Crypto Transaction

Shiba Inu (CRYPTO: SHIB) is trading higher by some 3.65% to $0.00001037 during Tuesday's trading session. Shares of several altcoins are trading higher in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto Ethereum (CRYPTO: ETH) and U.S. equities.

Why Dogecoin Rival Shiba Inu Is Rising

Shiba Inu (CRYPTO: SHIB) was sliding over 2% during Monday's 24-hour trading session, rejecting the eight-day exponential moving average (EMA) as resistance. The crypto sector has been in a state of limbo lately, trading sideways and not showing signs of whether the consolidation is accumulation before a potential bull run or distribution prior to another plunge.

What To Watch On The Shiba Inu Chart As The Dogecoin Killer Consolidates

A high-net-worth crypto investor is suddenly moving a massive amount of meme asset Shiba Inu (SHIB) in a single transaction. According to new data from whale-surveying platform Whale Alert, the deep-pocketed investor abruptly shifted 3,388,119,787,804 SHIB worth about $34 million at time of writing from one unknown wallet to another.

Crypto Whale Abruptly Moves 3,388,119,787,804 Shiba Inu (SHIB) in Massive Transaction

At least 208 community members of Shiba Inu token (CRYPTO: SHIB) have signed a petition urging cryptocurrency exchange Binance to list the governance token of the SHIB ecosystem — Bone ShibaSwap (CRYPTO: BONE). What Happened: BONE allows the members of the SHIB community to vote on upcoming proposals.

Shiba Inu Army Clamors For Binance To List Bone ShibaSwap Token

Hedge fund manager, investor, and physician Michael Burry has dismissed the Dogecoin (CRYPTO: DOGE) inspired cryptocurrency Shiba Inu (CRYPTO: SHIB), saying there are too many coins in circulation.  Burry indicates that the vast amount of coins in existence limits its possible price appreciation.

This Is What 'The Big Short' Fame's Michael Burry Thinks Of Shiba Inu

Shiba Inu (CRYPTO: SHIB) attempted to break up from Sunday's 24-hour trading range on Monday but ran into a group of sellers who knocked the crypto down into a tight range. For the last four 24-hour sessions, Shiba Inu, dubbed "the Dogecoin Killer," has been trading within the Oct. 13 range, which has settled the crypto into a quadruple inside bar pattern on the chart.

What To Watch On The Shiba Inu Chart As The Dogecoin Killer Rests

Microstrategy Incorporated (NASDAQ: MSTR) CEO Michael Saylor, in an interview in Oct 2021, was asked about Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE).  He replied that he has "no opinions" about "one dog coin vs.

Here's What MicroStrategy CEO And Bitcoin Bull Michael Saylor Says About Shiba Inu And Dogecoin

Solana

Shiba inu fell to a four-month low on Thursday, as consumer prices in the United States rose by more than expected. U.S. inflation came in at 8.2% in September, which is higher than the 8.1% consensus expectation. Solana was in the red as well, as the token also hit a multi-month low.

Biggest Movers: SHIB, SOL Fall to 4-Month Lows, US Inflation Higher Than Expected

Shiba Inu (CRYPTO: SHIB) is trading lower by 5.15% to $0.00000954 Thursday morning. Cryptocurrencies at large are falling Thursday after September CPI data showed worse-than-expected inflation.

Why Dogecoin Rival Shiba Inu Is Selling Off

As the crypto market shed another $11 billion, Dogecoin and SHIB have been hit hard, with the meme coins suffering hefty losses overnight.

Dogecoin, SHIB Post More Losses as Crypto Market Sheds $11B Overnight

Meme coins were trading lower on Friday, as markets reacted to the latest U.S. nonfarm payrolls report. The data showed that 263,000 jobs were added to the United States economy in September, versus the 250,000 expected. Both dogecoin and shiba inu fell for a third consecutive session.

Biggest Movers: DOGE, SHIB Slide Following Better-Than-Expected Payrolls Report 

Five months ago, the top meme cryptocurrencies by market valuation were valued at $33.7 billion and today, the meme coin economy is 55% lower, down to $14.9 billion on September 23. During the last month, dogecoin lost 12.8% in value, and shiba inu is down 19.4% against the U.S. dollar in 30 days.

Meme Tokens Slide 55% in 5 Months — DOGE, SHIB Dominate $14.9B Meme Coin Economy by 95%

Cardano

A handful of crypto assets are witnessing a surge in social media interest despite the market's price struggles this week, according to the analytics firm Santiment.

Cardano (ADA), Shiba Inu (SHIB) and XRP See Surge of Interest As Crypto Markets Dip: Analytics Firm Santiment

Avalanche

Neobank Revolut has expanded its crypto investment offering, adding 29 new tokens for its American customers. The post Revolut expands U.S. crypto offering, adding 29 tokens including dogecoin appeared first on The Block.

Revolut expands U.S. crypto offering, adding 29 tokens including dogecoin

An Ethereum-based memecoin rumored to be created by the same developer behind Dogecoin (DOGE) competitor Shiba Inu (SHIB) has pulled off enormous gains over the past month while the rest of the crypto markets trade down or sideways. Since the beginning of August, Dejitaru Tsuka (TSUKA) is up over 300%, going from $0.024 to $0.

Altcoin Thought To Be Masterminded by Shiba Inu (SHIB) Creator Quietly Skyrockets Nearly 300% in a Month

Cosmos

Shiba inu moved to a three-week high on Friday, as crypto markets surged during today's session. Markets were mainly in the green, as bullish sentiment returned to end the week. Cosmos was a notable mover once again, as the token rose by over 20% today.

Biggest Movers: SHIB Hits 3-Week High, ATOM up by Over 20% Today

Shiba Inu (CRYPTO: SHIB) has potentially compromised infrastructure, according to research from the cloud security platform PingSafe. What Happened: Pingsafe's research framework discovered a leaked Shiba Inu Amazon Web Services (AWS) account credential on a public code repository, wrote the cloud security platform's founder Anand Prakash in a blog post.

Shiba Inu Cloud Credentials Leaked On Public Domain, Says Security Researcher

An anonymous Ethereum (CRYPTO: ETH) wallet acquired more than 3 trillion Shiba Inu (CRYPTO: SHIB) tokens in a single transaction.  What Happened: Blockchain data from Etherscan shows that a mysterious wallet address acquired 3.37 trillion SHIB tokens worth $42 million on Tuesday.

3 Trillion Shiba Inu (SHIB) Acquired By Mysterious Wallet In Single Transaction

Ethereum Classic

Binance Coin (CRYPTO: BNB) was rebounding almost 3% during Wednesday's 24-hour trading session, more in tandem with the S&P 500 than Bitcoin (CRYPTO: BTC). Ethereum Classic (CRYPTO: ETC) and Shiba Inu (CRYPTO: SHIB) were also enjoying a strong recovery, with the former spiking up over 5% and the latter trading over 2% higher.

Binance Coin, Ethereum Classic, Shiba Inu Stage Strong Rebounds: What's Happening?

Ethereum

A closely followed crypto analyst is predicting a price surge for Cardano (ADA) while updating his forecasts for Ethereum (ETH) and Shiba Inu (SHIB). The pseudonymous analyst Altcoin Sherpa tells his 182,600 Twitter followers that he believes smart contract platform Cardano is in a sideways accumulation phase and that a rally close to $0.

Top Crypto Analyst Predicts Rally for Cardano (ADA), Updates Outlook on Ethereum (ETH) and Shiba Inu (SHIB)

The developers of Shiba Inu (CRYPTO: SHIB) have unwrapped yet another concept for its metaverse project.  In the latest blog post, the team mentioned the model of the upcoming metaverse project called "SHIB: The Metaverse WAGMI Temple," a short form for “We're All Gonna Make It.

What Is The Shiba Inu WAGMI Temple? A Zen-Like Universe In The Metaverse

Mad Money host Jim Cramer warned investors to stay away from altcoins like Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) and a host of other cryptocurrencies that did not live up to expectations.  What Happened: In a recent segment of CNBC's Mad Money, Cramer said that it was time to question the fundamentals of cryptocurrency.

News for Shiba Inu Crypto (SHIB)