Shiba Inu Coin price growth has been stunted for the past few weeks, with prices trading within the support and...
Shiba Inu
Shiba Inu is a cryptocurrency created in 2020 by an anonymous person known as Ryoshi. The coin is based on the Shiba Inu dogs, a hunting dog breed found in Japan. It is widely regarded as the dogecoin killer.
Shiba Inu was built and hosted on the Ethereum platform and is an ERC-20 token; hence, it does not have its blockchain platform.
Shiba Inu trades at $0.0000594, which is way below a dollar, and had an initial supply of 1 quadrillion. The crypto’s creator Ryoshi sent half of Shiba Inu’s tokens to Ethereum’s founder Vitlik Buterin hoping that he would keep the coins.
However, Buterin did not keep the Shiba Inu tokens. Instead, he chose to burn a significant percentage of the tokens taking them out of circulation while donating the rest to India’s Covid Relief Fund and other charitable organizations.
While most investors are excited about Shiba Inu, given that it recently rallied over 700% in 30 days, they should remember the vast number of Shiba Inu tokens in circulation. As a result, it may take a long time before the altcoin can trade at 1 cent.
However, investors have recently flocked to Shiba Inu, driving its price and valuation higher, making the “meme token” the 11th most valuable cryptocurrency on the platform, right behind dogecoin, which is number 10.
Shiba Inu latest news
Despite the recent downturn in the cryptocurrency market, Shiba Inu coin investors have something to smile about, including the recent...
Our Shiba Inu coin price prediction is on its way to flipping bullish after bouncing off its key support. However,...
As predicted in the last piece I wrote about Shiba Inu, there has been a downward continuation of the trend...
After an initial slump by as much as 5% on the day, bearish Shiba Inu coin price predictions are being...
The slight uptick seen in the SHIB/USDT pair appears to have bolstered the Shiba Inu Coin price predictions, but the...
Cryptocurrency prices have moved in sync in the past few days. After dropping sharply on May 12th, they have all...
The Shiba Inu price recovery has stalled, signalling that the recent rebound may have been a dead cat bounce. The...
The Shiba Inu price crossed an important support level as demand for digital currencies evaporated. The SHIB token is trading...
Shiba Inu, like other cryptocurrencies, did not have a good performance in April as worries about the hawkish Federal Reserve...