Shiba Inu

The live Shiba Inu price today is €0.000010 EUR with a 24-hour trading volume of €346,076,644 EUR. We update our SHIB to EUR price in real-time. Shiba Inu is up 4.35% in the last 24 hours. The current CoinMarketCap ranking is #15, with a live market cap of €5,661,964,754 EUR. It has a circulating supply of 549,063,278,876,302 SHIB coins and the max. supply is not available.

If you would like to know where to buy Shiba Inu at the current rate, the top cryptocurrency exchanges for trading in Shiba Inu stock are currently Binance, OKX, Deepcoin, Bybit, and Bitrue. You can find others listed on our crypto exchanges page.

What Is SHIBA INU (SHIB)?
Once upon a time, there was a very special dog. That dog was a Shiba Inu, and this dog inspired millions of people around the world to invest money into tokens with the dog's image on it.

According to the SHIBA INU website, SHIB is the "DOGECOIN KILLER" and is listed on their own ShibaSwap, a DEX. Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.

This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Vitalik Buterin was long believed to be the originator of Shiba Inu, but denied such rumors on the Lex Fridman podcast on June 5, 2021.

Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin's Srypt-based mining algorithm. Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS) and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD.

Shiba's success sparked an avalanche of copycats, such as BitShiba, Shiba Fantom, Shibalana, King Shiba, SHIBAVAX, Captain Shibarrow, SHIBA2K22, SpookyShiba and countless others. In total, there may be well over 100 Shiba Inu copies, and the number keeps rising constantly.

On Sept. 17, 2021, Coinbase, the largest U.S.-based crypto exchange, listed Shiba Inu on their platform. This news caused Shiba Inu price to rise by over 40% in the following two days, bringing the meme dog token into the spotlight again.

Shiba Inu has since attracted more interest from other exchanges as well. Bitso, Mexico's biggest cryptocurrency exchange, announced in September that SHIB would start trading on its exchange. Giottus, an Indian crypto exchange, announced the same. Bitstamp, the biggest crypto exchange in Europe, said that it would list Shiba Inu for trading at the beginning of 2022. Korbit, a South Korean exchange, became the country's first exchange to list the SHIB token in 2021.

Who Are the Founders of SHIBA INU?
The SHIBA INU WoofPaper has three reasons why their team created SHIB:

"We started from zero, with zero."
"The brilliant minds behind Shib had never collaborated before."
"We love Shiba Inu Dogs."
The anonymous creator of the Shiba Inu coin is known as "Ryoshi." However, very little is known of the mystery founder of the dog-themed cryptocurrency, much like the founder of Bitcoin, Satoshi Nakamoto.

In his blog RYOSHI RESEARCH, he characterizes himself as "just some guy of no consequence tapping at a keyboard." Ryoshi said that usually in projects there are different roles like a CEO, a "tech guy," and a roadmap, resulting in "someone plebs can bitch at." He stresses that with Shiba, no one person is accountable or responsible and underlines that he owns 0 SHIB to this day. For this reason, Ryoshi can be "pure and unbiased," getting satisfaction from Shiba "in other ways."

It has been speculated that Vitalik Buterin was behind the initial liquidity that helped set up Shiba Inu's liquidity on Uniswap. According to Ryoshi, he had "a fren" he met at Devcon in Osaka that sent him 10 ETH to set up the liquidity pair on Uniswap. Ryoshi also stated that Shiba Inu was an experiment in decentralized community building, and he thus declined all the influencer requests and pitches from different exchanges he received. His "job" is to defend the brand and give suggestions, although he does so very sparingly, as his last blog entry dates back to May 2021.

What Makes SHIBA INU Unique?
The SHIBA INU website invites dog-inspired artists from all over the world to foster the "artistic Shiba movement" as they bring their SHIBA INU community into the NFT market. SHIBA INU has also created a campaign using Amazon Smile in order to collect donations to escue real, live Shiba Inu dogs with the Shiba Inu Rescue Association.

After initially being only one meme coin of many, Shiba Inu skyrocketed to popularity after Vitalik Buterin famously burned his share of the SHIB supply. Ryoshi had given Buterin 50% of the SHIB supply, announcing that "as long as Vitalik doesn't rug us," Shiba Inu would be fine.

However, Buterin decided to burn 90% of his share, which later would have been worth billions thanks to the soaring value of SHIB. The remaining 10% were sent to a charity, as were about 50 trillion SHIB more that Vitalik had donated to a COVID-19 relief fund. He stated that he did not want "to be a locus of power" and thus gave the tokens away. This resulted in a temporary loss of value for SHIB, which the token later recovered from after the community agreed on an arrangement with the charity in question.

Ryoshi's goal for Shiba Inu has been to see if a perpetual decentralized organization could work with no central leadership. In a blog post, Royshi noted that the rift caused by Buterin's token donation made the community stronger and would enable it to distribute further and decentralize the movement. His vision for the core ecosystem is to perform its utility while the Shiba Inu-own stablecoin becomes the globalized exchange of value.

In October 2021, SHIB surged on the news of a possible Robinhood listing and briefly flipped Dogecoin to become the most-valued meme coin by market capitalization. Thus far, Robinhood has not listed SHIB, despite a petition with over 500,000 signatures calling for it. Robinhood executive Christine Brown has lauded the efforts of the Shiba Inu community, saying that one of her favorite things was seeing it engage with the community to make its wishes heard. However, Robinhood would prioritize safety over the "short-term gain" of a new token listing and has left Shiba Inu fans waiting since.

The October 2021 price surge famously minted a billionaire, as one wallet was uncovered that had bought $8,000 worth of SHIB in summer 2020, which was worth over $5.7 billion at SHIB's all-time high valuation. The wallet owner has not been determined, although the person appears to have sent parts of their fortune to other wallets several weeks after the price explosion.

The price surge also led to increased adoption across token holders. WhaleStats compiled data of the largest ETH wallets and found that SHIB represents over 20% of the combined market shares of all ERC-20 tokens held by Ethereum whales. CRO was a distant second with only 5%. SHIB also surpassed the one-million holder mark following its all-time high.

Moreover, retailers increasingly started adopting SHIB as a means of payment following its popularity among small-time investors. American electronics retailer Newegg added SHIB at the start of December 2021, partnering with crypto payments platform BitPay to unlock payments in SHIB. This followed the adoption of SHIB by over 500 merchants, according to payments firm CoinGate, with even Samsung-backed digital wallet provider ZenGo adding SHIB to its options and a restaurant in Paris accepting it as a payment option. At one point, the Shiba Inu community called for McDonald's to accept Shiba Inu, although the social media effort eventually fell short.

A major reason for the surging price of SHIB was a continued effort by the SHIB community to build a utility for the Shiba Inu token and the subsequent emergence of an entire Shiba Inu ecosystem.

ShibaSwap is the coin's designated DEX that started as a fork of Sushiswap that has, in the words of Ryoshi, its "own little twists and elements." Furthermore, Shiba Inu also plans to develop SHI, which will be the "global exchange of value for plebs," an algorithmic stablecoin pegged to one cent instead of one dollar as most other stablecoins. Its launch is planned after the Shiba layer-two solution called Shibarium, and Ryoshi envisions SHI to work in a similar way to DAI. That way, SHI would have collateral as a backstop that would push it back to one cent if the peg was lost.

According to Ryoshi, the end goal is that SHI becomes a global stable currency "that plebs across all countries are able to use as both a store of value and method of payment."

In addition to SHI, a financial ecosystem is planned, and SHI would be added as a weighted pool pair on Curve. In that case, Ryoshi expects forks of the major DeFi protocols to appear in the Shiba Inu ecosystem, which would require an immutable bridge to function.

Shiba would also start hosting localized meetups and a once-a-year ShibaCon convention that would be hosted at an easily accessible location in a country without oppressive visa restrictions "for the sake of inclusiveness for global plebs."

One immediate change Shiba Inu has implemented is increasing token burns, which have sparked renewed interest in the token at the beginning of 2022. Bigger Entertainment, a crypto record label selling merch, NFTs and concert tickets, organized a SHIB burn party that burned over 239 million SHIB over Christmas. In total, the team has burned almost one billion SHIB since the end of October.

SHIB: The Metaverse and Shibarium
While looking to expand the utility of SHIB, the development team introduced a metaverse — a virtual reality project powered by non-fungible tokens (NFTs). Here, users can mint parcels of digital lands using ETH or its equivalent amount in SHIB tokens. Interestingly, other Shiba Inu-related tokens – BONE and LEASH – will also play various roles as different phases of the metaverse come to life.

According to the team, the goal is to create a fun, immersive and interactive environment where users can explore, earn passive income and collect in-game resources. Importantly, the metaverse will allow users to develop and launch their own projects. In total, there are 100,595 plots of land on SHIB: The Metaverse. Of the total, 36,431 digital lands were unlocked on April 13, 2022 – the launch date of the introductory phase of the metaverse.

Like most existing metaverses, the parcels of lands found on SHIB: The Metaverse are categorized based on the desirability of their locations. Naturally, lands in strategic areas are valued higher than the rest. The four tiers of lands on Shiba's metaverse are as follows:

Tier 4: Silver Fur: 17,030 Lands
Tier 3: Gold Tail: 7,356 Lands
Tier 2: Platinum Paw: 5,714 Lands
Tier 1: Diamond Teeth: 2,024 Lands
Below were the launch prices of the tiers listed above:

0.2 $ETH for (Tier 4) Silver Fur
0.3 $ETH for (Tier 3) Gold Tail
0.5 $ETH for (Tier 2) Platinum Paw
1 $ETH for (Tier 1) Diamond Teeth
Originally, the plan was to allow the use of ETH alone to mint unlocked lands. However, the team later decided to add the SHIB token as a minting currency, thereby expanding the utility of the token.

Although users have begun to purchase SHIB lands, the SHIB metaverse will not officially launch until Shibarium, an upcoming layer 2 scaling network that will eventually house the entire Shiba ecosystem, is deployed. The plan is to have a layer 2 ecosystem built on top of Ethereum's layer 1 network to meet the computational and memory demands for running the fast-expanding Shiba ecosystem. Apart from hosting the SHIB metaverse on Shibarium, the team is also looking to deploy a stablecoin, called SHI, on the layer 2 solution.

Another notable development that coincided with the introduction of SHIB: The Metaverse was the launch of a new website where future developments and expansions, including the launch of the metaverse, will take place.

Related Pages:
Learn more about Dogecoin.

Learn more about Dogelon Mars.

Learn more about the dog-related meme-coin craze.

Learn more about trading with our definition of a dead cat bounce.

Curious about the crypto space? Read our educational section — Alexandria.

Want to keep track of Shiba Inu prices live? Download the CoinMarketCap mobile app!

Want to convert the Shiba Inu price today to your desired fiat currency? Check out CoinMarketCap exchange rate calculator.

How Many SHIBA INU (SHIB) Coins Are There in Circulation?
The SHIBA INU website notes that they locked 50% of the total token supply on Uniswap, and "threw away the keys!" The remaining 50% was "burned to Vitalik Buterin." In response to the "gift" from the Shiba Inu team, Vitalik Buterin sent 50 trillion SHIB tokens, worth $1 billion in Shiba Inu price at that time, to India's Covid Crypto Relief Fund. Buterin then burned 40% of the total supply to a dead wallet.

There are several other tokens described on the SHIBA INU website — LEASH, which has "been unleashed and will not rebase," and BONE, the "Dogecoin Killer." LEASH has a fixed supply of only 107,646 tokens, and offers enticing rewards to liquidity providers, while BONE has 250,000,000 tokens, and is a governance token that allows holders to vote on the Shiba Inu's Doggy decentralized autonomous organization (DAO).

The WoofPaper notes that you will use SHIB to DIG for BONES or ShibaSwap, or even BURY your tokens. "Trainers" can teach their Shibas to SWAP tokens as well — all of these actions create "Returns" that are put into the Puppy Pools, where the #SHIBARMY has the option of BURYING or DIGGING for BONES.

At the beginning of May 2021, dog-themed meme tokens like Shiba Inu saw transaction volumes in the hundreds of millions of dollars. Shiba Inu price hit an all-time high (ATH) of 0.00005 on May 10, 2021, before going on a downtrend since.

As mentioned above, on May 13, Vitalik Buterin (who was given half of the token supply by the developers) announced that he was donating a large amount of these tokens to a fund helping India with COVID relief. The SHIBA developers had not anticipated Buterin selling his tokens, but eventually, the two parties came to a mutually satisfying agreement. Later, the fund actually lamented having sold its tokens too early, as its share would have been worth well over $1 billion at the token's all-time high.

Despite rumors alleging the contrary, Elon Musk does not own any SHIB. He confirmed as much in a tweet, which caused a temporary price drop.

How Is the SHIBA INU Network Secured?
According to 22-page-long SHIB's WoofPaper, SHIB is an ERC-20 token based on Ethereum, a proof-of-work blockchain currently transitioning to proof-of-stake.

Ryoshi announced in his final blog post to date that Shiba Inu would develop its own layer-two solution that would be more decentralized than Polygon or BSC, both of which Ryoshi regards as not truly decentralized. The Shiba L2 would be called "Shibarium" and is supposed to use BONE as its primary pair token, as written above.

According to Ryoshi, Shibarium would be built by a "very competent blockchain team" with experience building such solutions. Developer Eric M has announced in the Shiba Inu Discord server that Shibarium would launch "soon," although he did not specify a date.

Where Can You Buy SHIBA INU (SHIB)?
It is possible to buy Shiba Inu on Binance, Huobi, Coinbase, Gate.io, Uniswap (V2) and OKEx, among other exchanges.

To check Shiba Inu price live in the fiat currency of your choice, you can use CoinMarketCap's converter feature directly on the Shiba Inu currency page. Alternatively, use the dedicated exchange rate converter page. Popular Shiba Inu price pairs include: SHIB/USD, SHIB/GBP, SHIB/AUD and SHIB/EUR.

For more information about how to buy crypto with fiat, check out CoinMarketCap's education portal — Alexandria.

Our most recent articles about Shiba Inu:

Technical Analysis: DOGE, SHIB, BABYDOGE, CATE, FLOKI and SAITAMA (Mar. W2)
Technical Analysis: DOGE, SHIB, BABYDOGE, CATE, FLOKI and SAITAMA (Mar. W1)
6 Crypto Innovations That Cannot Be Uninvented
Technical Analysis: DOGE, SHIB, BABYDOGE, CATE, FLOKI and SAITAMA (Feb. W4)
Technical Analysis: DOGE, SHIB, BABYDOGE, CATE, FLOKI and SAITAMA (Feb. W3)

DOGE/USDT

This week, DOGE printed lower highs and lower lows, after being rejected by the area of interest shown above. The next level of support is at the $0.07 zone.
It is crucial for bulls to confirm support at or above $0.07. Losing this level will shift the market structure in favor of the bears.
Also Read: A Complete Guide To Death Cross and Golden Cross?

SHIB/USDT

Last week, SHIB was the pack leader, pushing the memecoins toward new local highs. This week, the token got rejected by the resistance and is now trying to confirm support.
SHIB has printed a lower high inside a major resistance level. Let’s see if the area of interest (shown in the image above) proves to be a good support. Losing it may push the price to the September low.
BABYDOGE/USDT

This week, BABYDOGE continued to move up, printing a new monthly high. At the time of writing, the token is in the middle of a correction.
The BABYDOGE bulls have a couple of levels where support can be established. It is important to note that the token has been trending since the beginning of 2023. A correction at this level would not be a surprise for the bulls. If the bears succeed to push the price below the 3.8 zone, expect to see the token continue towards 3.0.
Also Read: How to Use Market Structure In Trading?

CATE/USDT

Last week, CATE was looking to extend its move to the upside. Since then, it has found resistance at the 6,500 level.
At the time of writing, there is no confirmation of support. The next support level visible in the chart is the October low. The bears are trying to stay below the area of interest (marked in the chart). A push towards this level can put CATE in a minor consolidation pattern.
Also Read: How to Trade Options on Bybit?

FLOKI/USDT

This week, FLOKI is in the middle of a minor correction after finding resistance at the 3,500 level. At the time of writing, the token is trying to establish support.
The bulls need to close and hold the price above the 2,100 level, as losing this level will print a lower low for the bears. This zone will be a battleground between the bulls and bears.
SAITAMA/USDT

SAITAMA has been in a consolidation pattern since last week.The range from 2,600 and 3,000 will be a battleground between the bulls and bears. Any breakout/breakdown from the range will determine the next direction.
Also Read: How to Use Moving Averages in Trading?

Summary
Here is a summary of the above:

DOGE continues to cool off.
SHIB is looking for support.
BABYDOGE continues to lead the memecoins.
CATE is returning to its consolidation pattern.
FLOKI is looking to establish support.
SAITAMA remains in a consolidation pattern.
Writer’s Disclaimer: This article is based on my limited knowledge and experience. It has been written for educational purposes. It should not be construed as advice in any shape or form. As always do your own research.

This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap. CoinMarketCap is not responsible for the success or authenticity of any project, we aim to act as a neutral informational resource for end-users.

Shiba Inu Price Prediction - SHIB Maintains 30 Days Gains Despite 7-Day Market Lull, Is This The Best Coin To Buy In 2023?
The major difference between SHIB and LHINU is that the former didn't have a particular utility when it exploded, but LHINU has it all, making it far more inclined to skyrocket in the future. So why are you still wandering here, go and fill your portfolio with $LHINU tokens before it's too late.

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Shiba Inu Price Prediction
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Shiba Inu (SHIB) was the first ever meme coin to claim gains of 72,586x within one year. But 2022 made sure most of those gains went downhill. Today, we'll be looking at the 30-day recovery of the project and how it will perform in upcoming years.

Apart from it, there's a new meme coin that will follow the trend SHIB set in 2021. Love Hate Inu (INU), a blockchain-based Vote-to-Earn (V2E) platform where you can openly share your opinion on any topic.

But first, let's take a quick look at SHIB before moving on to its price analysis.

Buy Love Hate Inu Now!<<<

What Is Shiba Inu (SHIB)?
Shiba Inu, launched in 2020, was a meme parody of Dogecoin, which was made to counter the hype the latter achieved throughout the years. It is built on the Ethereum network and uses its resources to offer utility.

SHIB has now turned into an ecosystem with multiple projects and tokens under its belt. BONE and LEASH tokens are two examples. Also, Shibswap and the upcoming NFT launch by SHIB will add to its value.

It has moved towards a more web3-oriented approach by introducing Shibarium, a layer-2 network for efficient transactions and better user experience. SHIB has all the potential to skyrocket, but maybe it's time for Love Hate Inu to shine.

Buy Love Hate Inu Now!<<<

Shiba Inu Monthly Price Analysis
Here we’ve got a Three-month chart for Shiba Inu that shows how well the crypto has recovered in the past month. After dropping to as low as 0.00000772 USDT, SHIB is now consolidating above 0.0000100 USDT, a great recovery in the past weeks.

According to the indicators, SHIB has reached a Price index of 30, which we also refer to as a bottom. After this, SHIB is expected to rise steeply in value and break the resistance of 0.0000152.

Also, because of the launch of the upcoming Shibarium, a layer-2 improved network of SHIB, the price is expected to rise as the demand for the coin increases and due to the coins burned in transaction fees.

Buy Love Hate Inu Now!<<<

Expert Opinion on SHIB
According to CoinCodex’s Tech growth indicator, the price of SHIB in 2024 would be between 0.00001972 and 0.00005921, approximately a 488% growth from its current value. And by 2025, it would be around 0.00002524 and 0.000131, over 1000% growth from today.

In contrast, Walletinvestor has predicted a rough year for SHIB. They say it could fall in value, reaching 0.0000012 by February 2024. Most of the indicators on the site show a bearish trend, which does not favor SHIB.

Buy Love Hate Inu Now!<<<

Best Coin To Buy In 2023 - Love Hate Inu (LHINU)
A Vote-to-Earn (V2E) platform with no barriers to opinions, and you can vote on whatever you deem fit. Love Hate Inu is a polling token where you’ll be given a chance to vote Love or Hate..

It's the same in this ecosystem. Initially, the team will decide on the polls, but once all the tokens are sold, you and all other community members will vote on which poll they want to see first and even share their suggestions.

These polls can further be used as meme templates that the audience on social media platforms loves to scroll through. To make the voting mechanism safe and scam-free, the team has made it compulsory for the users to stake their $LHINU tokens on the website for at least a month.

The major difference between SHIB and LHINU is that the former didn't have a particular utility when it exploded, but LHINU has it all, making it far more inclined to skyrocket in the future. So why are you still wandering here, go and fill your portfolio with $LHINU tokens before it's too late.

Buy Love Hate Inu Now!<<<

Buy Love Hate Inu Now!<<<

Reasons To Buy Love Hate Inu (LHINU)
There are multiple reasons to buy $LHINU tokens but to make it easier for you to decide, we have only mentioned the most important ones. These points will surely make you buy Love Hate Inu tokens.

First Vote-To-Earn (V2E) Platform

The blockchain network has never seen a project where users could vote on matters by deciding whether they love or hate the trend or a particular personality. There’s no restriction to opinion on this platform.

The polls will consist of two options, and you can choose Love or Hate to show your support or resistance towards it. Either you love or hate Andrew Tate because there’s no in-between here. This makes it all the more interesting.

Raised $200,000 In A Couple Of Days

The crypto market hasn’t seen a token grow so quickly in a while now. Love Hate Inu broke the $200,000 milestone couple of days into the presale. With the way this token is growing, experts are optimistic that it will grow even higher than SHIB did.

So follow the expert opinion and buy $LHINU tokens now. They are currently selling at 0.000085 USDT, and within the next seven days, the price will be increased to 0.000090. So hurry up, so don’t miss the opportunity to buy this token at its lowest-ever price.

90% Token Owned By The Community

To make the project anti-rug and free from manipulation, the founders deem it fit to sell 90% of the tokens to the community. Only 10% of tokens from the total supply are held back for marketing purposes and CEX listing fees.

As a community member, you will have complete control over the ecosystem, which polls to vote on next and other developments.

Buy Love Hate Inu Now!<<<

Conclusion
Love Hate Inu has been on a roll since its presale has begun. Raising hundreds of thousands of dollars within a few days is itself an accomplishment. According to experts and social media hype, $LHINU is expected to increase

Cryptocurrencies have been gaining popularity over the years, thanks to their decentralized structure that allows for secure transactions without the intervention of any central authority.

With the rise of cryptocurrency, investors have been looking for opportunities to invest in coins with great potential but affordable. Cryptocurrencies are often priced in fractions, making it possible to buy some coins for less than $1.

When considering investing in a cryptocurrency, it is important to research the coin thoroughly, beyond just the price. Coins with unique features and benefits over other coins are seen as good options to invest in. In this article, we will discuss three of the best cryptocurrencies you can purchase for under $1, their benefits, and their unique features.

Dogecoin (DOGE) Overview
Dogecoin is an open-source peer-to-peer cryptocurrency that was first developed as an imitation of the cryptocurrency market in reaction to the creation of Bitcoin. Although it was initially created as a humorous joke for cryptocurrency enthusiasts, it rapidly gained acceptance and is currently one of the most widely used cryptocurrencies.

Despite its humble beginnings, Dogecoin has attracted a lot of attention because of its extreme volatility and the backing of some well-known figures like Elon Musk. Even though it has not attained the same degree of adoption as older cryptocurrencies like Bitcoin and Ethereum, it still has a sizable and devoted fan base.

Apart from being lower than $1, the speedy transaction and confirmation times of this crypto coin make it a safe and effective way for users to transfer money to anyone anywhere in the world. The network availability and simplicity of mining have increased its use, and more traders now take it as a form of payment.

Shiba Inu (SHIB) Overview
Shiba Inu is an alternative cryptocurrency built on Ethereum that uses the Shiba Inu as its mascot. The phrase “Dogecoin killer” is frequently used by its supporters to describe it as a substitute for Dogecoin.

Shiba Inu was made by an anonymous entity or group called Ryoshi in August 2020. The growing acceptance of SHIB and its low price can alter how investors and traders view holding digital assets

It is crucial to note that there is no guarantee that Shiba Inu will continue to maintain its popularity or value like all coins, it is also volatile and prone to sharp drops in value.

RenQ Finance (RENQ) Overview
RenQ Finance is a cutting-edge non-custodial platform that allows for a secure wallet transfer while guaranteeing users maintain total control over their money. It provides a completely independent and anonymous platform that runs on several different blockchains.

RenQ Finance is a brand-new project that was introduced in 2023 and boasts cross-chain capabilities that permit asset exchange across various blockchains and DeFi protocols. This fixes the liquidity issues that numerous DeFi systems have. Additionally, it offers an off-chain order book and a hybrid infrastructure model, which attracts the attention of traders to it.

RenQ Finance’s recent presale generated an impressive $2.35 million in token sales in just a few weeks, indicating a strong interest in the platform from the cryptocurrency community. Moreover, the platform has recently passed the Certik test, which is a security audit that evaluates the smart contract code for potential vulnerabilities. This accomplishment indicates that RenQ Finance is committed to providing a secure and reliable platform for its users.

The risk of investing in RenQ is like every other coin, due to its volatility, which could make a sharp drop in its price and value.

Comparison of Dogecoin, Shiba Inu, and RenQ.
The world of cryptocurrencies is diverse and filled with unique offerings, and Dogecoin, Shiba Inu, and RenQ Finance are no exception. Each coin has its own set of characteristics that make it stand out in the market.

Dogecoin, for instance, started as a humorous meme and has gained popularity due to its fast transaction times, making it a popular choice for quick money transfers. However, its value is primarily determined by its popularity, as it lacks intrinsic value, which makes it a highly volatile asset.

Shiba Inu, on the other hand, is an alternative built on the Ethereum blockchain. One of its most notable features is its rapid inclusion on Coinbase Pro, which has piqued the interest of investors. However, like any cryptocurrency, it is subject to market volatility and can experience rapid value drops.

RenQ Finance, in contrast to Dogecoin and Shiba Inu, is a non-custodial platform that offers cross-chain capabilities, allowing for asset trading between different blockchains and DeFi protocols. The platform’s hybrid infrastructure model and off-chain order book solve many liquidity problems that plague other DeFi platforms, providing users with faster speeds and greater liquidity. This, in turn, makes RenQ Finance a safer and more stablecoin to invest in.

Visit the links below for more information about RenQ Finance (RENQ):
Presale: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf

Disclaimer: The information provided in this article is solely the author/advertisers’ opinion and not an investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions by Analytics Insight and the team. Anyone wishing to invest should seek his or her own independent financial or professional advice. Do conduct your own research along with financial advisors before making any investment decisions. Analytics Insight and the team is not accountable for the investment views provided in the article.

Why have SHIB and DOGE put investors in further loss?
The main reason for the current state of SHIB and DOGE is the market downturn that happened after Bitcoin's (BTC) value started falling. The market is currently facing a bearish trend, and most cryptocurrencies have lost a significant amount of their value.

SHIB and DOGE are no exceptions to this trend. SHIB, in particular, has seen a massive decline in its value, losing almost 95% of its value since its all-time high. DOGE has also seen a significant decline in its value, although not as drastic as SHIB.

Another reason for the decline of SHIB and DOGE is their lack of use cases. While they have gained popularity due to their cute branding and community, they lack a real-world use case that can drive their value. This has led to a situation where their value is entirely dependent on the hype around them. As hype dies down, so does their value.

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Why is RenQ Finance the only sensible option now?
RenQ Finance is a decentralized finance (DeFi) platform that has been gaining popularity among retail investors due to its superior performance and unique features. Unlike SHIB and DOGE, RenQ Finance has a real-world use case that can drive its value. It is a unified platform for a decentralized world that aims to connect isolated blockchains and create a cross-chain exchange network for easy and borderless transactions.

RenQ Finance uses the RENQ token for platform governance, and token holders are in charge of governance, making RenQ Finance a distributed platform. The platform gives priority to and integrates all active community members, making it one of the few platforms where users may connect and communicate with developers as well as other community members. RenQ Finance also provides a solution to the liquidity problem, which refers to the inability of different digital assets or liquid assets to connect to the appropriate market in a decentralized manner.

RenQ Finance has already gained significant traction in the market, with its presale selling over 80 million RENQ tokens and raising over $2 million for the platform just a few months after the launch. The platform is built on Ethereum, a high-speed blockchain that can handle up to 100,000 transactions per second after the Ethereum 2.0 upgrade, making it one of the fastest and most scalable blockchains in the market.

Experts believe that RenQ Finance is the only sensible option for retail investors looking to make a profit in the current market. Its unique features, real-world use case, and superior performance make it stand out from other cryptocurrencies.

While SHIB and DOGE may have gained popularity due to their cute branding and community, they lack a real-world use case that can drive their value. As the market continues to face a bearish trend, investors need to choose wisely and invest in cryptocurrencies that have a real-world use case and can withstand market downturns.

Click Here to Buy RenQ Finance (RENQ) Tokens.

Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu project, recently provided some information about the beta testing for Shibarium, a layer two blockchain designed to address the shortcomings of the $SHIB token’s host chain Ethereum, namely low speed and high transaction cost.

Here is what Binance Academy says about Shiba Inu ($SHIB):

“Shiba Inu (SHIB) is a dog-themed meme cryptocurrency named after a Japanese dog breed. It was created in 2020 by an anonymous developer named Ryoshi, who designed SHIB to be an alternative to Dogecoin (DOGE) on the Ethereum blockchain.

“SHIB is an ERC-20 token with a decentralized exchange called ShibaSwap. The SHIB roadmap and ecosystem also features an NFT art incubator called Shiba Artist Incubator, 10,000 ‘Shiboshi’ NFTs, and an NFT game Shiboshi Game.

“Shiba Inu had an initial circulating supply of 1 quadrillion tokens. Ryoshi locked 50% of the token in Uniswap to create liquidity and sent the other 50% to Ethereum co-founder Vitalik Buterin’s wallet. However, Vitalik decided to burn 90% of the coins and donate the remaining 10% to charity.“

Bone ShibaSwap ($BONE), according to the Shibarium team, is “the native token selected to pay for gas transactions and reward Validators and Delegators within the Shibarium protocol.” And fortunately for $SHIB HODLers, Shibarium burns $SHIB with every transaction, making $SHIB more scarce.

In a blog post published last Saturday (March 11), Kusama announced the launch of PUPPYNET, which the Shibarium team calls “the EARLY Beta Test of the Shibarium Network.”

Kusama wrote:

“Shibarium is a layer 2 blockchain that allows anyone to build DAPPS, integrate into IRL businesses, and power projects with it. It is low cost, burns Shib in the process, and is being adjusted as the beta test continues over the next few months.“

Anyone can play with this early public beta of Shibarium by visiting a new website that has been set up for this purpose.

It is great, of course, that fans of the Shiba Inu project can now play with this beta version of Shibarium because, for example, it allows them to see how low gas fees on Shibarium will be once it gets its public launch:

What is SHIB
Shiba Inu (SHIB) also known as Shiba Token is a decentralized cryptocurrency and dog meme token on the Ethereum network ERC-20 token standard, based on the popular cryptocurrency Dogecoin and named after the Japanese breed of dog Shiba Inu (柴犬). On May 13, 2021, Ethereum network founder Vitalik Buterin donated more than 50 trillion Shiba Tokens to the India COVID-Crypto Relief Fund that were originally donated to him by Shiba Inu developers. Shiba Inu is currently developing ShibaSwap, a decentralized exchange (DEX) and yield ecosystem allowing holders of SHIBA and sister token LEASH the opportunity to earn rewards including BONE, ETH, and BTC for staking or providing liquidity to LEASH or SHIBA LP pools.

Shiba Inu has been on a wild ride lately, with the digital currency avoiding a death cross formation and bouncing back from its local low. Over the last two days, Shiba Inu has been going up, with many traders hoping this is a sign of better things to come. One factor that may have contributed to Shiba Inu's recent recovery is the return of USDC to a $1 peg. But what exactly is a death cross formation, and why is it so important for assets like Shiba Inu? A death cross formation occurs when a short-term moving average crosses below a long-term moving average, indicating a potential downtrend for an asset. This can be a sign that the asset is losing momentum and that sellers are starting to take control. Related XRP Sees 112% Increase in Trading Volume as Token Stays Underbought per This Metric For Shiba Inu, a confirmed death cross formation would have been a major red flag for investors and traders alike. It could have signaled a long-term downward trend for the cryptocurrency, potentially leading to a significant decrease in its value. However, by avoiding the confirmation of the death cross formation and bouncing back from its local low, Shiba Inu has managed to stave off some of the worst fears of its investors. This recent recovery has given many traders hope that the cryptocurrency may be able to regain some of its lost value in the coming weeks and months. Demand for Cardano rises Cardano, the fifth largest cryptocurrency by market capitalization, has seen a surge in longs volume on derivatives trading platforms, according to recent reports. This suggests that investors are gaining confidence in the coin and believe in a short-term uptrend on ADA. Source: TradingView The cryptocurrency has lost over 27% of its value through the end of February and the beginning of March. However, the increase in longs volume could indicate that investors are starting to see the potential for a price rebound. It should be noted that the increase in longs volume does not necessarily guarantee that the price of Cardano will go up. However, it does indicate that more investors are interested in taking a long position on the coin. For Cardano to return to its previous high, it would have to gain at least 23% in value. Tron's unexpected bounce TRX, the cryptocurrency backed by Justin Sun, recently saw a massive 22% recovery after a period of market instability. However, the most likely reason for this recovery was not a natural market reaction but rather third-party funding used to stabilize the asset. Related XRP Sees 112% Increase in Trading Volume as Token Stays Underbought per This Metric This news comes after the recent drop in the value of TRX-backed stablecoin USDD, which reached a low of $0.93. This caused TRX to be used to push the value of USDD toward the $1 threshold, which in turn caused a large 13% drop in TRX's value. Despite this recent volatility, TRX has shown strength in recovering from the dip. The cryptocurrency market as a whole has been quite volatile lately, with Bitcoin's value fluctuating wildly and other cryptocurrencies following suit. TRX's recovery is likely due to external factors rather than a fundamental change in the cryptocurrency's value. It remains to be seen how sustainable this recovery will be and whether TRX can continue to hold its value in the face of market instability. #Shiba Inu #Cardano #TRXUSD About the author Arman Shirinyan Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience. Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs. 03/13/2023 - 15:54 Henrik Zeberg Predicts Largest Market Crash Since 1929, Shytoshi Kusama Shares SHIB Metaverse Screenshot, Peter Schiff Sees BTC Plunge Below $4,000: Crypto News Digest by U.Today Valeria Blokhina 03/13/2023 - 15:43 XRP Shows Phenomenal Result Amid Largest Weekly Funds Outflows Ever Gamza Khanzadaev 03/13/2023 - 15:26 33.5 Billion Dogecoin Stored by Robinhood as DOGE Is up 6.3% Yuri Molchan Henrik Zeberg Predicts Largest Market Crash Since 1929, Shytoshi Kusama Shares SHIB Metaverse Screenshot, Peter Schiff Sees BTC Plunge Below $4,000: Crypto News Digest by U.Today

Read more on U.Today https://u.today/henrik-zeberg-predicts-largest-market-crash-since-1929-shytoshi-kusama-shares-shib-metaverse

SHIBA INU price today is $ 0.00001103 with a 24-hour trading volume of $ 465.78M, market cap of $ 6.05B, and market dominance of 0.55%. The SHIB price increased 4.37% in the last 24 hours.

SHIBA INU reached its highest price on Oct 28, 2021 when it was trading at its all-time high of $ 0.00008819, while SHIBA INU's lowest price was recorded on Nov 28, 2020 when it was trading at its all-time low of $ 5.637e-11. The lowest price since it's ATH was $ 0.000007235 (cycle low). The highest SHIB price since the last cycle low was $ 0.00001761 (cycle high). The SHIBA INU price prediction sentiment is currently neutral, while Fear & Greed Index is showing 56 (Greed).
SHIBA INU's current circulating supply is 549.06T SHIB out of max supply of 589.74T SHIB. In terms of market cap, SHIBA INU is currently ranked #3 in the Ethereum (ERC20) Tokens sector and ranked #2 in the Meme Coins sector.