The Shiba Inu price has become the most-talked-about cryptocurrency in the past 24 hours. The SHIB price has jumped by...
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
The Shiba Inu price has lost momentum in the past few days. The SHIB token is trading at $0.000022, which...
Following last week’s massive pump and dump of the Shiba Inu coin, bullish Shiba Inu price predictions are re-emerging as...
The Shiba Inu price has declined in the past two straight days even as Bitcoin eyes its all-time high. The...
The present price picture on the 4-hour SHIB/USDT chart supports bullish Shiba Inu price predictions. This is because the bullish...
Shiba Inu price has dropped by about 12.27% after pulling back from its all-time high at $0.00004481 in Sunday’s session....
Shiba Inu was one of the top performing coins on the week with gains of over 40%. However, Elon Musk...
Shiba Inu price has reached a new all-time high (ATH) amid the ongoing petition for Robinhood to list the meme...
The Shiba Inu price did excellently in October. The SHIB token price jumped by more than 883% during the month...
The Dogelon Mars price has been in a spectacular rebound in the past few weeks as meme currencies soar. The...