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...
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 has played out exactly as I forecasted in my last week’s analysis. SHIB price broke...
Shiba Inu coin (SHIB) price has become hot once again ahead of the launch of its much anticipated Shibarium blockchain....
Shiba Inu price has lost the golden touch that it had a couple of years ago. The SHIB token was...
Shiba Inu (SHIB) coin price has faced another rejection from a very critical level. This rejection has the potential to...
Shiba Inu Coin (SHIB) price has been in a tailspin for the past couple of months. The price is currently...
Shiba Inu Coin (SHIB) price has been in a major downtrend since hitting its yearly high in February 2023. The...
Shiba Inu coin (SHIB) price has behaved exactly as predicted in my previous article. The price is currently consolidating below...
Shiba Inu coin (SHIB) price has become a hot topic once again as the memecoin season is peaking in the...
Shiba Inu coin (SHIB) price is once again trending downward as it failed to reclaim a critical level that was...