September 13th, 2024
Shiba Inu (SHIB) News
Explore the latest Shiba Inu (SHIB) news. Stay updated on market updates and the most recent developments in the Shiba Inu ecosystem.
Largest Weekly Shiba Inu (SHIB) Burn Spotted amid Price Rebound
By Godfrey Benjamin
September 13th, 2024
With this new burn mechanism, Shibarium is expected to burn 70% of all base transaction fees collected on the network.
Billions in SHIB Tokens Stolen in Massive Indodax Exchange Breach
By Mayowa Adebajo
September 11th, 2024
Per SlowMist, an attack targeted multiple cryptocurrencies, including Shiba Inu (SHIB), one of the most popular meme coin tokens.
This RWA Altcoin Priced at $0.03 Is a Threat to Shiba Inu’s Position Among the Top 15 Cryptocurrencies, Here’s Why
By Svetlana Soroka
September 11th, 2024
Here’s why Rexas Finance is poised to challenge Shiba Inu’s position among the top cryptocurrencies.
Interest Rate Cuts Expected in September: Top Meme Coins to Buy Now
By Andy Watson
September 6th, 2024
The FED changing its mandate to support the labor market is what markets have been waiting for. Lower rates reduce borrowing costs, encourage speculation, and increase the system’s liquidity.
Shiba Inu (SHIB) Introduces ShibDev Portal to Empower Developers
By Godfrey Benjamin
September 5th, 2024
This ShibDev Portal is only one of Shiba Inu’s recent additions to its ecosystem. Last month, the protocol deployed a new version of the Bor software (v1.1.2-bone).
Justin Sun Addresses Concerns on Revenue Buyback and Burning for SunPump
By Anisha Pandey
September 3rd, 2024
SunPump.meme, introduced in August 2024, allows users to create their own meme token with minimal capital investment. The concept is similar to Solana’s Pump.Fun, where users can issue new tokens for a small fee.
WIF Soars 12% as Shiba Inu Unveils Agent Shiboshi on iOS
By Chimamanda U. Martha
September 3rd, 2024
Despite a general downturn in the market, the introduction of Agent Shiboshi for iPhone users has captured investor attention, positively impacting the market.
Ethereum-based Altcoins Leads in Top Projects with High Centralization
By Steve Muchoki
August 30th, 2024
DeFi tokens and meme coins in the Ethereum ecosystem have the highest centralization, with the top 10 investors controlling the lion’s shares.
Shiba Inu Burn Rate Skyrockets 13,900% as SHIB Price Eyes Rebound
By Godfrey Benjamin
August 30th, 2024
This new burn mechanism is significantly reducing the amount of SHIB in circulation, as evident in the recent percentage burn rate reported.
Shiba Inu’s DAO Takes Shape: Leash Token Holders to Play Key Role
By Temitope Olatunji
August 26th, 2024
Shiba Inu’s upcoming DAO will give Leash token holders an important role in maintaining order, protecting the ecosystem, and governing the community’s sustainability initiatives.
Shiba Inu (SHIB) is a meme coin introduced in August 2020 by the anonymous creator ‘Ryoshi.’ Positioned as a rival to Dogecoin (DOGE), SHIB has earned the nickname “Dogecoin killer.” Unlike Dogecoin, SHIB operates as an ERC-20 token on the Ethereum blockchain, offering enhanced security and decentralized governance. The Shiba Inu ecosystem features additional tokens, such as BONE and LEASH, the ShibaSwap decentralized exchange, the Shiboshis NFT collection, and SHIB the Metaverse, where users can interact, earn rewards, and develop projects.
Since SHIB is built on Ethereum, it takes advantage of smart contract functionality and decentralized applications (dApps), setting it apart from other meme coins. Instead of being mined through proof-of-work algorithms like Bitcoin, SHIB can be obtained by mining tokens like Ether and exchanging them for SHIB. Platforms like UnMineable further simplify this process by automatically swapping mined tokens for SHIB. The ecosystem operates on a proof-of-stake consensus, rewarding validators with LEASH tokens, which further bolsters the Shiba Inu network.
To learn everything you need to know about this popular meme coin, explore our “Introduction to Shiba Inu (SHIB)” guide.
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FAQ on Shiba Inu (SHIB) News
Is SHIB a good investment?
It’s important to acknowledge the speculative and frequently volatile nature of meme coins. Despite their influence on the cryptocurrency market is significant and impossible to overlook, many lack inherent value or strong fundamentals. With that, numerous analysts view Shiba Inu as a worthwhile investment, largely due to investor risk tolerance and the strong backing from its dedicated Shib Army community, which plays a vital role in its ongoing support and momentum.
How high will Shiba go?
As per analytical resources, SHIB price could reach $ 0.00007488 in 2025 and, looking further ahead, trade at $ 0.00006398 somewhere closer to 2030.
How many Shiba Inu coins are out there?
SHIB circulating supply makes 589.26T coins while a max supply is set at 999.98T SHIB.
Will Shiba coin reach1$?
It seems not, as to secure the price of 1$, SHIB token has to boast a whooping $589T market cap, which is quite not feasible (JFYI Bitcoin market cap makes a bit above $1T).
