Shiba Inu coin (SHIB) price is up 2.53% on the Christmas day. On the monthly timeframe, the popular dogcoin has...
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
Shiba Inu (SHIB) coin price is down 4.66% on Monday. As a result, the leading dogcoin is trading 17.75% below...
Shiba Inu price is looking quite bullish after a recent breakout from the downtrend. The move is supported by a...
Once again Shiba Inu coin price has failed to confirm the breakout from the downtrend due to a correction in...
Shiba Inu coin is facing bearish pressure as the memecoin falls for the third consecutive trading session. The market for...
Shiba Inu coin price is riding the ongoing bullish wave in the cryptocurrencies. The price is up 13% from the...
Memecoin investors are taking heavy losses as the Shiba Inu coin price breaks below the key support level. The interest...
There are dubious Shiba Inu coin price predictions everywhere on the internet. Most of these predictions lack a proper technical...
Shiba Inu (SHIB) coin price has gained a very bearish outlook after a recent breakdown below a key support level....
Shiba Inu Coin (SHIBhttps://www.investingcube.com/shiba-inu-coin-price-prediction-shib-slides-as-btc-plummets-below-29k/) price is on its way to flip bullish after a recent breakout. The top memecoin is...