The price of the Shiba Inu coin (SHIB-USD) is still holding strong in the ongoing pullback in cryptocurrencies. Nevertheless, the...
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
Cryptocurrency prices have moved in sync in the past few days. After dropping sharply on May 12th, they have all...
Shiba Inu Coin (SHIB) price has been in a tailspin for the past couple of months. The price is currently...
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...
Whales are in play on the current Shiba Inu price surge of 4 per cent in today’s trading session and...
Following the plunge recorded in the crypto market, here's what is in store for Shiba Inu price over the weekend.
Shiba Inu (SHIBUSD) coin price has been trading sideways despite a surge in Bitcoin price. The memecoin is currently lagging...
The Shiba Inu price is up by 1 per cent in today’s trading session. However, despite today’s price gain, the...
The memecoin economy has been one of the most hit during the current bear market of the cryptocurrency industry. Shiba...
Shiba Inu (SHIB) coin price has gained a very bearish outlook after a recent breakdown below a key support level....