The present price picture on the 4-hour SHIB/USDT chart supports bullish Shiba Inu price predictions. This is because the bullish...
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
Signs that the crypto market may be heading into a bear market have emerged as the SHIB/USDT pair fell on...
The DOGE price slipped 25% from last week’s high after a mysterious Shiba Inu billionaire moved his SHIB tokens, stoking...
The Shiba Inu price has been left behind in the meme coins rally. The coin has jumped by just 5%...
The Dogelon Mars price has been in a spectacular rebound in the past few weeks as meme currencies soar. The...
BONE crypto price has been in a strong bullish trend in the past few days as Shiba Inu ecosystem does...
Learn how to buy Shiba Inu coin if you are in the U.S. or the rest of the world. Also,...
As predicted in the last piece I wrote about Shiba Inu, there has been a downward continuation of the trend...
Thinly traded Saitama Inu price has had a strong run in 2023 as meme tokens make a remarkable comeback. SAITAMA/USDT...
Memecoin investors are taking heavy losses as the Shiba Inu coin price breaks below the key support level. The interest...