The DOGE price slipped 25% from last week’s high after a mysterious Shiba Inu billionaire moved his SHIB tokens, stoking...
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 its momentum. The SHIB token price is trading at $0.000048, which is about 50%...
The Shiba Inu price has been under pressure in the past few weeks. The SHIB price has crashed by about...
There are more Shiba Inu price predictions to the upside, given what has been happening with the token in the last few days and initial price action on Monday.
Shiba Inu price has been on a decline for two weeks. In this article, we predict its next move.
Shiba Inu coin is down 3.64% in the last 24-hours, 15% in the previous week, and 50% below its all-time...
The announcement by Newegg on its acceptance of Shiba Inu as a payment option did little to enforce any bullish...
The Shiba Inu price struggled in November as the meme coin mania momentum faded. SHIB declined to a low of...
Signs that the crypto market may be heading into a bear market have emerged as the SHIB/USDT pair fell on...
The breakdown of the 0.00003092 support line on the daily chart of SHIB/USDT adds more fuel to bearish Shiba Inu...