What Is SHIBA INU (SHIB) Coin?
Shiba Inu is a cryptocurrency inspired by the very popular dog Shiba Inu. Shiba Inu was created anonymously in 2020. Millions of people invest in this MEME coin globally. Shiba Inu Tokens make thousands of people millionaires around the world.
SHIBA INU claims itself the "DOGECOIN KILLER" and is listed on its own ShibaSwap, a DEX. The creator of Shiba Inu Tooken anonymously Ryoshi. Shiba Inu meme coin got speed popularity and value as the community invested after headlines, news, and tweets from personalities like Elon Musk (Founder of Tesla) and Vitalik Buterin (Founder of Ethereum).
Shiba's success born copycats like BitShiba, Shiba Fantom, Shibalana, King Shiba, Spooky Shiba, and many more. There are more than 100 copies of the Shiba Inu coin and birthing more.
The first time Shiba Inu Token was listed on the biggest U.S.-based crypto exchange Coinbase in 2021. This happening grew Shiba Inu price by over 45% in the following two days. After that Shiba Inu coin was listed on other exchanges like Bitso, Giottus, Bitstamp, and Korbit as well. Today at the time of writing Shiba Inu is listed on more than 160 cryptocurrency exchanges in the world.
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| Shiba Inu Coin Price Prediction 2022 To 2026 |
Who Are the Founders of SHIBA INU?
The anonymous person "Ryoshi" was the creator of the Shiba Inu coin. However, some know about the founder of the Shibdog-themed cryptocurrency, like the founder of Bitcoin, Satoshi Nakamoto. RYOSHI says about himself that "he is nobody and not important and so no need to unmask his identity". So the owner or creator of the Shiba Inu coin is still a mystery.
In the early days of Shuba Inu mostly believed that Vitalik Buterin was the creator of Shiba Inu. The reason is that Ryoshi said, he had "a friend" he met at Devcon in Osaka that sent him 10 ETH to set up the liquidity pair on Uniswap. But after some time Vitalik Buterin confirms that he is not the creator of the Shiba Inu coin.
Why is SHIBA INU Unique?
The SHIBA INU managers invite dog-lover artists to bring their SHIBA INU community into the NFT market. SHIBA INU has also run a campaign using Amazon Smile in order to collect donations for Shiba Inu Rescue Association.
After Vitalik Buterin burned his share of the SHIB supply that Ryoshi had transferred to Buterin 50% of the SHIB supply Shiba Inu skyrocketed to popularity. Vitalik Butterin burned 90% Shiba Inu and 10% were sent to the charity for the COVID-19 relief fund in India.
In October 2021, SHIB was popular on the news for the possible Robinhood listing and takeover of Dogecoin to become the most-valued meme coin by market capitalization. Robinhood has not listed SHIB, thus a petition with over 500,000 signatures despite requesting it.
October 2021 was a price surge for Shiba Inu, making hundreds of hodlers millionaires and billionaires as one wallet was uncovered that had bought $8,000 worth of SHIB in summer 2020, which was worth over $5.7 billion at SHIB's all-time high (ATH) valuation.
The price boost also increased adoption across token holders. Moreover, retailers accelerating started adopting SHIB following its popularity among small-time investors. Crypto payments platform BitPay unlocks payments in SHIB. This allowed the adoption of SHIB by over 500 merchants, and Samsung-backed digital wallet provider ZenGo added SHIB.
ShibaSwap is the DEX that started as a fork of Sushiswap that as Ryoshi said, has its "own little twists and elements." Shiba Inu also plans to develop SHI, which will be the "global exchange of value for plebs," an algorithmic stablecoin pegged to one cent instead of one dollar as most other stablecoins.
Ryoshi's last aim is that SHI become a worldwide stable currency "that plebs across all countries are able to use as both a store of value and mood of payment."
One more decision to surge price is increasing Shiba Inu Token burns. SHIB burn party that burned over 239 million SHIB over Christmas In total, the team has burned almost one billion SHIB since the end of October.
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