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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

Ethereum

Terra

Solana

Bitcoin, Ethereum, SHIB, and other major coins in the top 10 are starting 2022 in the red—but they're still up big from this time a year ago.

Bitcoin, Ethereum, Solana, Terra, SHIB See Sluggish Start to New Year

Popular meme crypto project Shiba Inu (SHIB) is set to launch its very own decentralized autonomous organization (DAO). In a new blog post, Shiba Inu developers say they are going to release DOGGY DAO, SHIB's new governance protocol, in two separate phases. The first phase, which is set to launch in the coming days, will […] The post Dogecoin Competitor Shiba Inu (SHIB) To Launch New Decentralized Autonomous Organization (DAO) appeared first on The Daily Hodl.

Dogecoin Competitor Shiba Inu (SHIB) To Launch New Decentralized Autonomous Organization (DAO)

According to a new blog post, Shiba Inu (CRYPTO: SHIB) developers have launched a beta version of a decentralized autonomous organization (DAO) called Doggy.

Shiba Inu Set To Launch Beta Version Of Doggy DAO To Give Users More Power, Reduce Whale Influence

During the last half of 2021, decentralized autonomous organizations (DAO) have been popping out of the woodwork in mass numbers, airdropping tokens and creating governance systems for specific projects. Just before the end of the year on December 31, the developers behind the Shiba Inu crypto protocol have announced the launch of a “Doggy DAO” […]

Shiba Inu Project Reveals ‘Doggy DAO,' Devs Say Phase 1 to Provide ‘Immediate Power to the SHIB Army'

Memecoin project Shiba Inu endeavors to provide its users with more control over digital asset projects and pairs on the ShibaSwap platform. Interestingly, Shiba Inu…

Dogecoin Rival Shiba Inu Launches Beta Version Of DAO

Dogecoin

During an end-of-year interview, senior currency strategist at Forex analysis site DailyFX Christopher Vecchio said that he would be very surprised if Shiba Inu (CRYPTO: SHIB) or Dogecoin (CRYPTO:

Market Analyst Says Shiba Inu And Dogecoin Unlikely To Rally In 2022, Only Elon Musk Tweets Can Pump The Cryptos

The Dogecoin rival is aiming to provide its users with more control over crypto projects and pairs on the ShibaSwap platform.

Shiba Inu Launches Beta Version of DAO to Give Users More Authority Over Crypto Projects

Notwithstanding the lackluster phase seen since October, the cryptoverse is holding firm for the year, thanks to the strong performances in the first three quarters of the year.

Major Cryptos Fidgety In Final Session Of Roller Coaster Year, Meme Coins Doge, Shiba Inu Stutter

The ShibaSwap DEX is taking the first step to handing control over its governance to the Shiba Inu community with the launch of Doggy DAO.

SHIB Devs Announce First Phase of Doggy DAO

Arcane Research is giving traders a glimpse of what could happen to Ethereum (ETH) and the meme coins in the coming year. In The Weekly Update report, the crypto intelligence firm predicts that ETH will do better than Bitcoin (BTC) in price performance, but also that its market capitalization will continue to lag behind Bitcoin's. […] The post Arcane Research Makes Memecoin Prediction for 2022, Says Ethereum Will See Fierce Competition appeared first on The Daily Hodl.

Arcane Research Makes Memecoin Prediction for 2022, Says Ethereum Will See Fierce Competition

Shiba Inu (CRYPTO: SHIB) traded 7.2% lower at $0.000033 over 24 hours leading up to Wednesday night.

Shiba Inu Plunges Alongside Major Cryptos: Can This Touted 'Big Surprise' Allow The Meme Coin To Regain Lost Momentum?

Ethereum whales are gobbling up a new favorite altcoin, temporarily displacing Shiba Inu (SHIB) as the top alternative digital asset amongst big buyers. Data from whale-surveilling platform WhaleStats indicates the top 1000 largest Ethereum wallets are now holding more than $1.54 billion worth of FTX Token (FTT). The total value of FTT held by whales […] The post Ethereum Whales Just Splurged Over $1,600,000,000 on One Crypto Asset, Pushing Shiba Inu Out of Biggest Altcoin Position appeared first on The Daily Hodl.

Ethereum Whales Just Splurged Over $1,600,000,000 on One Crypto Asset, Pushing Shiba Inu Out of Biggest Altcoin Position

Shiba Inu (CRYPTO: SHIB) traded nearly 7.6% lower at $0.000035 over 24 hours leading up to early Wednesday morning.

Why Is Shiba Inu Coin In A Freefall Today?

Shiba Inu (CRYPTO: SHIB) broke another record after burning more than a billion tokens in a week with some help from Bigger Entertainment — an independent music publishing group and licensing agency.

Shiba Inu Breaks Another Burning Record As Deflation Trends In Crypto

Decentraland

Overnight riches from big price hikes come and go in crypto, but these tokens kicked off lasting trends this year.

From OHM to SHIB: 5 Most Impressive Altcoins of 2021

Shiba Inu (CRYPTO: SHIB) traded 2.3% higher over 24 hours at $0.00003825 Monday morning. What's Moving?

Why Is Shiba Inu Rising Over The Holidays?

Breast cancer organization Susan G Komen will now accept major cryptocurrencies such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) Dogecoin (CRYPTO:

This Breast Cancer Charity Now Accepts Bitcoin, Dogecoin And Shiba Inu As Donation

Toward the end of this week, crypto-assets rebounded in value after meandering for two weeks and consolidating. While specific tokens like decentralized finance (defi) coins, metaverse tokens, and smart contract coins improved a great deal, the meme-token economy increased in value as well, as a number of meme coins like dogecoin, shiba inu and dogelon […]

Meme Token Economy Climbs 14% in 2 Weeks — DOGE, SHIB Command 83% Dominance

In a recent tweet, the world's most-referenced cryptocurrency price-tracking website CoinMarketCap announced that Shiba Inu (CRYPTO: SHIB) was the most viewed crypto in 2021.

Shiba Inu Becomes The Most Popular Crypto In 2021, Surpassing Dogecoin And Bitcoin On CoinMarketCap

Aave

Crypto enjoyed a bit of a Santa Claus rally this week. Aave, Terra, DOGE and SHIB posted the highest gains over the week that ended with Christmas.

This Week in Coins: Aave, Terra, SHIB Outpace Bitcoin, Ethereum 

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.

Will Dogecoin Or Shiba Inu Grow More In 2022?

The recent market crash has shown that cryptocurrencies such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are on a recovery phase.

A Christmas Day Update for Dogecoin And Shiba Inu

Interest in the Shiba Inu meme token is growing despite the criticism its developer is facing. Investors tend to increase their portfolio as new whales join the community.

Shiba Inu Whales Increase Their Portfolio Despite Criticism; 53 Billion Tokens Added to the Balance

Billy Markus, the co-creator of meme-based cryptocurrency Dogecoin (CRYPTO: DOGE), explained the main differences between it and rival Shiba Inu (CRYPTO: SHIB).

DOGE Co-Creator Explains Key Differences Between Shiba Inu And Dogecoin

Bigger Entertainment, the company behind the Spotify Technology SA (NYSE: SPOT) playlist that burns Shiba Inu (CRYPTO: SHIB) tokens with every song streamed, has big plans for Christmas.

News for Shiba Inu Crypto (SHIB)