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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.

Shytoshi Kusama, the mysterious lead developer and co-founder of the Shiba Inu (CRYPTO: SHIB) project, hinted at plans for the aggressive promotion of Web3 across the world.

Shiba Inu Lead Developer Shytoshi Kusama Stirs Up Crypto World With Mysterious Post: 'I've Been Shy And Quiet These Past Few Years

The price of Shiba Inu (SHIB) has fallen below the moving average lines and is approaching the previous low from April 13. Price analysis on July 2024 by Coinidol.com.

Shiba Inu Hits $0.00001664 Low And Reaches Bearish Exhaustion

The world's second-largest memecoin, Shiba Inu (CRYPTO: SHIB), witnessed a massive spike in its burn rate in the last 24 hours, contributing in part to the cryptocurrency's price increase. What Happened: About 301.68 million SHIB tokens were kicked out of circulation, according to the official burn tracker, Shibburn, representing a jaw-dropping 1393% spike.

'Dogecoin Killer' Shiba Inu Gains Momentum After Burn Rate Shoots 1393%

Chainlink

Polkadot

Stellar

The derivatives arm of crypto exchange Coinbase has just submitted to the Commodity Futures Trading Commission (CFTC) documents to self-certify the listing of new futures products tied to five popular crypto assets.

Coinbase Submits Filings With CFTC To List Futures Contracts for Chainlink, Shiba Inu and Three Other Altcoins

Coinbase submitted five new filings with the Commodity Futures Trading Commission, and the products are slated to trade on or after July 15.

Coinbase submits filings to list futures for SHIB, AVA and other tokens with the CFTC

Pepe

The meme coin sector is taking a large hit, falling below a $50 billion aggregate market cap, aligning with the crypto market's volatile consolidation. Some of the largest Shiba Inu (SHIB) and Pepecoin (PEPE) holders, known as "whales," are generating buzz with major sell orders amid the sub-$60,000 Bitcoin (BTC) dip.

SHIB and PEPE Whales Ramp Up Selling Amid Bitcoin-Driven Crypto Correction — Nearly $8 Million Worth Of Pepe (PEPE) Coins Deposited To Binance

Dogecoin

The memecoin market exploded on the first sign of a broader market recovery Tuesday, resulting in significant gains for both mainstream and smaller cap coins. What Happened: The overall market cap of memecoins surged 12.37% to $49.6 billion in the last 24 hours, led handsomely by blue-chip Ethereum (CRYPTO: ETH)-based coins like Pepe, Dogecoin, and Shiba Inu.

Pepe, Dogecoin, Shiba Inu Back Among Gainers As Memecoins Eclipse Bitcoin, Ethereum Spike

The price of Shiba Inu (SHIB) has come under renewed selling pressure after breaking the lower price zone and falling to its previous low of $0.0000166.

Shiba Inu Falls As Bears Break Tthe $0.0000166 Low

Shiba Inu‘s (CRYPTO: SHIB) burn rate and whale transactions count spiked on early Tuesday morning, with traders predicting bullish price action ahead. What Happened: Shibburn data shows the burn rate increasing by 6,018.2% in the last 24 hours, with 10.2 million coins burned in total.

'Dogecoin Killer' Shiba Inu's Burn Rate Fires Up To 6,018%, 'Price Rebound' May Be Next Thanks To This Indicator

Bonk

dogwifhat

Memecoins turned out to be the saviors of a besieged cryptocurrency market Monday, as dogwifhat, Floki, and Bonk defied the broader market sell-offs to emerge as the biggest gainers. What Happened: A searing rally saw Solana (CRYPTO: SOL)-based WIF and BONK, along with Ethereum (CRYPTO: ETH)-based FLOKI, pump dramatically during the day, reversing the week-long corrective action.

Floki, Dogwifhat, Bonk Record Double-Digit Gains — Dogecoin, Shiba Inu Also Shrug Off Broader Market Bloodbath

Popular dog-themed coin Shiba Inu (CRYPTO: SHIB) cracked on Sunday as the market fell, but readings from key indicators revealed opportunities for bullish traders. What Happened: The second-largest memecoin, also popularly referred to as the Dogecoin (CRYPTO: DOGE) Killer, plunged more than 3% in the last 24 hours, with trading volumes spiking 8.15% at the same time.

'Dogecoin Killer' Shiba Inu Falters — Here Is What These Key Indicators Reveal About Its Short-Term Prospects

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) continue to struggle, as a prominent crypto trader points out the short-term risks and opportunities for the meme coins. What Happened: Dogecoin and Shiba Inu are down 14% and 18% in the last seven days amid a market-wide correction.

What Is Going On With Dogecoin And Shiba Inu?

Popular memecoin Shiba Inu (CRYPTO: SHIB) witnessed a sharp spike in its burn rate over the last 24 hours. However, the deflationary pressure failed to push its price upward.

'Dogecoin Killer' Shiba Inu's Burn Rate Soars 459%, Large Transactions Witness A Twofold Jump

‘Dogecoin Killer' Shiba Inu's (CRYPTO: SHIB) recent price drop did not stop traders from remaining optimistic about the meme coin. Positive community developments cushion the meme coin's price.

'Dogecoin Killer' Shiba Inu Drops 12% In 7 Days, But 'It's Not Done Yet,' Says Trader

Meme coins are on the receiving end of a large-scale altcoin sell-off on Tuesday morning, suffering double-digit losses across the board. Cryptocurrency Price Gains +/- Dogecoin (CRYPTO: DOGE) $0.1198 -10.7% Shiba Inu (CRYPTO: SHIB) $0.00001775 -11.1% Pepe (CRYPTO: PEPE) $0.00001043 -10.1% Dogwifhat (CRYPTO: WIF) $2.02 -15.8% Floki (CRYPTO: FLOKI) $0.0001625 -13% Dogecoin saw $60 million worth of positions liquidated, as prices dropped more than 10%, while Shiba Inu's larger transactions spiked.

Dogecoin, Shiba Inu, Pepe Crash Over 10%: 'There Are No Blue Chips' Among Memes, Warns Trader

The cryptocurrency market had a rough start to the week, with popular large-cap currencies registering marked declines. What Happened: Memecoins Dogecoin and Shiba Inu, and payment-focused coin XRP traded in the red on Monday, as indicated below.

Dogecoin, Shiba Inu, XRP Flagged By Analytics Firm As Buying Opportunities Amid 2024 Sentiment Low

‘Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) saw its burn rate and new accounts spike, as the community revealed positive news. What Happened: Shibburn data shows the burn rate skyrocketing 84,642.4% in the past 24 hours.

Is Shiba Inu Getting Ready For A Pump? Burn Rate Surges 84,642%

Pseudonymous trader ‘Trading Vapor‘ suggested meme coins are poised to benefit the most from the upcoming alt season. What Happened: Trading Vapor shared his observation that sentiment towards both altcoins and meme coins is bad but thinks this is misplaced.

Dogecoin, Shiba Inu, Floki Are 'Dino Coins,' Says Trader: He Likes These 3 Other Meme Coins As 'Blue Chips'

The price of Shiba Inu (SHIB) has fallen below the moving average lines but is holding above the $0.00002000 level.

Shiba Inu Risks A Fall And Fights Over $0.00002000

One of Shiba Inu's lead marketers is revealing the details of a highly anticipated SHIB blockchain game. A Shiba Inu insider who goes by Lucie tells her 139,300 followers on the social media platform X that the full release of the blockchain version of Shiba Eternity is nigh.

SHIB Marketing Lead Hints at Unreleased Token, Shares Update on Upcoming Shiba Eternity Blockchain Game

Ethereum

While the cryptocurrency market edged lower Thursday, several of the most popular coins showed a strong bullish indication. What Happened: Ethereum, Shiba Inu, and Chainlink endured significant losses during the day, as indicated below.

Shiba Inu, Ethereum, Chainlink Flash This 'Long-Term Bullish Signal' Despite Recent Drop

The broader market rally failed to galvanize Shiba Inu (CRYPTO: SHIB), as the popular dog-themed memecoin plunged sharply after morning gains. What Happened: SHIB, also known as Dogecoin (CRYPTO: DOGE) Killer, dropped nearly 2% in the last 24 hours, even as the rest of the market, including memecoins, recorded significant gains.

'Dogecoin Killer' Shiba Inu Trades In The Red Despite Broader Market Surge — Here Is What These Key Indicators Tell Us About Its Near-Term Future

Shiba Inu (CRYPTO: SHIB) has spiked on a positive CPI data print alongside a significant surge in its burn rate. What Happened: The burn rate spiked 16,856% in the past 24 hours, with one single transaction burning 225.6 million coins.

'Dogecoin Killer' Shiba Inu Spikes 6%, As Burn Rate Explodes By 16,856%

The meme coin economy is thriving on Wednesday, ahead of the U.S. Federal Reserve meeting, as the sector saw nearly $4 billion injected over the last 12 hours. Several meme tokens experienced substantial gains, with BENJI rising 36.9%, MAGA increasing 23.2%, and the runes-based DOG gaining 22.1%. Crypto Market Rises 3.

Meme Coin Economy Gains $4 Billion Capital Injection Ahead of Fed Meeting

If Bitcoin (CRYPTO: BTC) spot ETFs can gobble upwards of $15 billion in inflows, and Ethereum (CRYPTO: ETH) spot ETFs are set to open for trading soon, why should Shiba Inu (CRYPTO: SHIB) stay behind? What

News for Shiba Inu Crypto (SHIB)