#Shibalnu (SHIB) is a cryptocurrency that emerged in August 2020 as an alternative (and competitor) to Dogecoin. It is described as a "decentralized building experiment" and is marketed as the "Dogecoin killer." Despite its origins as a "meme coin," Shiba Inu has gained popularity and has become a notable asset within the cryptocurrency market, driven by an active community and speculation.
Main features:
Created as a joke:
It emerged as an alternative to Dogecoin, focusing on community and viral marketing.
Based on Ethereum:
Unlike Dogecoin, which is based on a different algorithm, Shiba Inu is built on the Ethereum blockchain, allowing it to leverage the functionalities of smart contracts and decentralized applications.
Large token supply:
It is characterized by having a very large number of tokens in circulation, which can influence its price.
Active community:
It has a community of followers who promote the token and participate in its development.