Shiba Inu coin (SHIB) price appears to be finally waking up after a prolonged sideways price action. The price 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 prediction is looking bullish for a least the short term due to the reclaim of...
Shiba Inu (SHIBUSD) coin price has been hovering in the same region for the past few weeks. The price is...
Shiba Inu (SHIBUSD) coin price has been trading sideways despite a surge in Bitcoin price. The memecoin is currently lagging...
Shiba Inu coin price (SHIB/USD) is soaring as crypto markets significantly recover from their last week’s lows. Although the price...
Our last Shiba Inu (SHIBUSD) coin price prediction is still valid as the price is yet to make a lower...
The price of the Shiba Inu coin (SHIB-USD) is still holding strong in the ongoing pullback in cryptocurrencies. Nevertheless, the...
Our prediction for Shiba Inu coin price (SHIB) depends on the bulls’ ability to reclaim the $0.00001812 level. SHIB-USD pair...
Our analysis suggests that the Shiba Inu coin price is showing good strength. Although the price has faced rejection from...
The crypto market has once again shifted towards a bullish sentiment, as the price of Bitcoin (BTC) gains strength above...