Thinly traded Saitama Inu price has had a strong run in 2023 as meme tokens make a remarkable comeback. SAITAMA/USDT...
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 is down 4.66% on Monday. As a result, the leading dogcoin is trading 17.75% below...
Shiba Inu prices have dropped by more than 12 per cent in the past five days. Today’s trading session is...
The Shiba Inu price has been under pressure in the past few weeks. The SHIB price has crashed by about...
The Dogelon Mars price has been in a spectacular rebound in the past few weeks as meme currencies soar. The...
The announcement by Newegg on its acceptance of Shiba Inu as a payment option did little to enforce any bullish...
In just a few months, SHIB has gone from being a hot cryptocurrency to one fighting for survival as demand...
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 did excellently in October. The SHIB token price jumped by more than 883% during the month...
The Shiba Inu price crossed an important support level as demand for digital currencies evaporated. The SHIB token is trading...