Shiba Inu price has lost the golden touch that it had a couple of years ago. The SHIB token was...
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
There are dubious Shiba Inu coin price predictions everywhere on the internet. Most of these predictions lack a proper technical...
Our prediction for Shiba Inu coin price (SHIB) depends on the bulls’ ability to reclaim the $0.00001812 level. SHIB-USD pair...
Shiba Inu coin is facing bearish pressure as the memecoin falls for the third consecutive trading session. The market for...
Shiba Inu (SHIB) coin price has faced another rejection from a very critical level. This rejection has the potential to...
After an initial slump by as much as 5% on the day, bearish Shiba Inu coin price predictions are being...
Once again Shiba Inu coin price has failed to confirm the breakout from the downtrend due to a correction in...
The crypto market has once again shifted towards a bullish sentiment, as the price of Bitcoin (BTC) gains strength above...
Shiba Inu coin (SHIB) price has become a hot topic once again as the memecoin season is peaking in the...
Shiba Inu (SHIB) coin price prediction is looking bullish for a least the short term due to the reclaim of...