The Shiba Inu price has had a strong rebound in the past few days after it crashed on Monday. 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
Despite confidence returning to the cryptocurrency market, the Shiba Inu price is going nowhere. And until volume increases, SHIB could...
The Shiba Inu and Dogecoin prices are in a steep sell-off today after staging a major rally during the weekend....
The Shiba Inu price has been in a strong bullish momentum lately. The SHIB coin has skyrocketed by more than...
The Shiba Inu price has been left behind in the meme coins rally. The coin has jumped by just 5%...
The Shiba Inu price is attempting to rebound after falling to the lowest level in about two weeks on Tuesday....
Learn how to buy Shiba Inu coin if you are in the U.S. or the rest of the world. Also,...
The Shiba Inu price has gone nowhere in the past few weeks. The SHIB token is trading at $0.0000067, where...
The Shiba Inu price got a much-needed boost following the news of its listing on the world’s second-largest cryptocurrency exchange....
Bullish Shiba Inu price predictions are now rife after a large anonymous purchase of Shiba Inu tokens. The whale’s investment...