More than a crypto, it is a community
learn how Shiba Inu started
Shiba Inu is a meme cryptocurrency based on the Ethereum blockchain, created in August 2020 by an anonymous individual or group under the pseudonym "Ryoshi". The coin quickly gained popularity due to its community of investors and the support of personalities like Elon Musk and Vitalik Buterin.
Do you know what the key features of Shiba Inu are?
- *Name and symbol*: Shiba Inu (SHIB)
- *Blockchain*: Ethereum
- *Type*: Meme cryptocurrency
- *Creator*: Anonymous (Ryoshi)
- *Objective*: To be the Ethereum-based counterpart of Dogecoin
- *Launch*: August 2020
- *Donation from Vitalik Buterin*: The co-founder of Ethereum received a large amount of SHIB as a gift and decided to donate part of the tokens to charitable organizations
- *Listing on exchanges*: SHIB was listed on Kraken and other major exchanges, increasing its accessibility and liquidity
- *Development of Shibarium*: A layer 2 solution based on Ethereum for the Shiba Inu ecosystem, with a test network called Puppynet that achieved over 10 million transactions
*Current status and outlook*
- *Current price*: $0.000012203 (with a trading volume of $5.39M in the last 24 hours)
- *Market capitalization*: $7.24B (ranking #18 in market capitalization)
- *Community*: The SHIB community has created initiatives like ShibaSwap, a decentralized exchange platform, and SHIBATV, a media and entertainment outlet
