Shiba inu cryptocurrency market cap
What are Shiba Inu's key features?
The digital asset was inspired by the Japanese breed of dog of the same name, which sparked a viral meme trend in 2013 and subsequently led to the creation of the infamous dogecoin cryptocurrency. Shiba Inu, along with dogecoin and the hundreds of other pet-inspired digital assets, have become collectively known in the industry as “meme coins.” Shiva crypto coin Markets
Shiba inu coin cryptocurrency
The daily chart analysis reveals that the Shiba Inu price is consolidating within a narrowing range, defined by two converging trendlines which serve as dynamic levels of resistance and support. The lower trendline, which has been a reliable support for the past three months, offers a strong basis for buyers to reinforce the ongoing recovery trend. Notably, the significant long-tail rejection candles on January 3rd and 8th underscore the buyers’ tendency to capitalize on market dips. Unique Features of Shiba Inu: Founded as a parody of cryptocurrency and based on a meme, Dogecoin’s popularity within internet culture has served as a gateway to other crypto projects.
CFTC regulators discuss concerns on crypto, memecoin prices surge following Twitter logo change
The cryptocurrency's market Price changes in percent within the last 24 hours (1 day). What is Shibarium? Shibarium is a layer-2 scaling solution for the Shiba Inu ecosystem. It sits on top of the Ethereum blockchain, which allows it to inherit the security and stability of Ethereum. Shibarium is designed to reduce gas fees and improve the speed and efficiency of transactions. The public launch of the much-anticipated Shibarium layer-two network was completed in August 2023.
Shiba inu cryptocurrency market cap
Named after a Shiba Inu dog breed, which is also depicted on the Dogecoin logo, Shiba Inu (SHIB Coin) originally entered the market under the nickname "Dogecoin killer." Shiba Inu dogs caught the attention of crypto enthusiasts, and since then, several meme coins inspired by dogs have appeared in the market, such as Akita Inu (AKITA), and Kishu Inu (KISHU). Shiba Inu Price There is a mystery behind the person who founded Shiba Inu coin. Just like with Bitcoin creator, only the pseudonym of Shiba Inu creator is known – Ryoshi. There were some speculations that Vitalik Buterin is the real father of Shiba Inu since half of the supply of the initial Shiba Inu launch was transferred to his wallet. However, he denied these rumors.
