Shiba Inu price has struggled in the past few weeks even as other cryptocurrencies bounced back. The SHIB token 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 prices have dropped by more than 12 per cent in the past five days. Today’s trading session is...
The price of the Shiba Inu coin (SHIB-USD) is still holding strong in the ongoing pullback in cryptocurrencies. Nevertheless, the...
Tamadoge has become one of the most hyped meme coins in the past few weeks as it seeks to dethrone...
Despite confidence returning to the cryptocurrency market, the Shiba Inu price is going nowhere. And until volume increases, SHIB could...
Shiba Inu (SHIBUSD) coin price has been hovering in the same region for the past few weeks. The price is...
The Shiba Inu price looks poised to lose in the markets today, after three consecutive days of closing above the...
Shiba Inu coin is down 3.64% in the last 24-hours, 15% in the previous week, and 50% below its all-time...
Shiba Inu coin (SHIB) price is up 2.53% on the Christmas day. On the monthly timeframe, the popular dogcoin has...
Shiba Inu (SHIBUSD) coin price has been trading sideways despite a surge in Bitcoin price. The memecoin is currently lagging...