The Shiba Inu price did excellently in October. The SHIB token price jumped by more than 883% during the month...
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
The Shiba Inu and Dogecoin prices are in a steep sell-off today after staging a major rally during the weekend....
Shiba Inu is up by almost 3 percent in today’s trading session, reversing yesterday’s 5 percent plunge. Today’s gain, however,...
Today’s Shiba Inu coin price prediction shows that the token continues to face headwinds, despite the modest recovery of the...
Bullish Shiba Inu price predictions are now rife after a large anonymous purchase of Shiba Inu tokens. The whale’s investment...
The Shiba Inu coin price has shown signs of strength by avoiding lower lows last week. On February 24 2022,...
Our analysis suggests that the Shiba Inu coin price is showing good strength. Although the price has faced rejection from...
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...
The Shiba Inu coin was created as a parody of Dogecoin in August 2020. It describes itself as the “Dogecoin...