![]() ![]() After gaining a lot in value in 2021, it officially became Dogecoin’s rival, leading Floki Inu, Akita Inu, and Dogelon Mars. In 2020, an anonymous person or group called Ryoshi created a token named after the animal to continue the series of dog meme cryptocurrencies. However, its website mentions that the Shiba token is “A Decentralized Meme Token that Evolved into a Vibrant Ecosystem” and got to the heart of its people because the dog breed’s popularity resonated with the crypto community. Overall, SHIB’s price gained over 27,000,000% from January to October 2021.įor a long time, the SHIB token has been regarded as a pump and dump cryptocurrency, mainly because it’s been hard for users in the real world to grasp its utility. The cryptocurrency official Twitter account, for instance, is followed by 2.2 million people, more than other top coins like Solana (1 million followers) or Cardano (1.1 million followers), or even Ethereum (1.9 million followers). Its popularity and success are mainly due to the large cryptocurrency community of SHIB supporters, the so-called ShibArmy, and online influencers that help pump the price. SHIB is an Ethereum-based ERC-20 token, and Ethereum was chosen over other platforms because it is already robust, secure, well-established and allows for actual decentralization. The Shiba Inu ecosystem is based on the guiding principles described in the “ woof paper,” the canine version of a white paper that highlights cryptocurrency project outlines and roadmaps. Shiba Inu is the original Japanese dog breed used as Dogecoin’s symbol. In this article, we’ll try to learn if the SHIB coin has a purpose, the story with Shiba Inu’s total supply and explore Shiba Inu vs. For instance, Elon Musk was a supporter of a dog-themed cryptocurrency called Dogecoin that gained traction due to his frequent tweets about dogs and cryptocurrencies. ![]() ![]() This is due to several factors, but the main ingredient to their success is the backing of a strong community rather than real-world utility. There’s no stopping the growth and development of meme coins in the cryptocurrency space. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |