Shiba Inu (SHIB) is a cryptocurrency based on blockchain technology. It was created in August 2020 as a community project aimed at competing with Dogecoin (DOGE). Shiba is known as the "Dogecoin Killer" due to its rapid growth and large market capitalization. Shiba enjoys great popularity on social media, contributing to its price volatility. Shiba is primarily used as a cryptocurrency for trading and speculation. Some consider it a high-risk investment due to its significant fluctuations.
