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What exactly is a Shiba Inu? The Meme Coin Is Supposed to Destroy Dogecoin
Meme coins have been one of the most prominent phenomena in the cryptocurrency market over the last year. The popularity of Dogecoin has resulted in the birth of a slew of other meme currencies as investors rush to them in the expectation of profit.
Dogecoin surged by more than 7,000% early this year, enticing more individuals to the cryptocurrency sector. As a result, investors began to focus on other meme currencies and invest in them in the hopes of making as much profit as Dogecoin.
Shiba Inu (SHIB), the token created to “kill Dogecoin” and surpass it in the market, is one of the most popular meme currencies on the market. However, for those who are learning about Shiba Inu for the first time, here is all you need to know.
What is Shiba Inu?
Shiba Inu (SHIB) is a cryptocurrency based on Ethereum that incorporates the Shiba Inu dog. Many people perceive SHIB to be an alternative to Dogecoin. The Shiba Inu currency, on the other hand, was designed to be the “Dogecoin killer.”
SHIB is a Japanese Shiba Inu dog-themed meme currency. Although Dogecoin has been existing since 2013, Shiba Inu was founded in August 2020 by an unknown individual or group named Ryoshi as an inside joke rather than as a digital…
