Shiba Coin Facts

Shiba Inu Coin has an even shorter history than Dogecoin. The history of these cryptocurrencies is of competition and fun. Why? Because Shiba Coin and Dogecoin started both as jokes.

In a way, both cryptocurrencies were viewed as meme coins. More importantly, Shiba Coin was begun as a direct reaction to Dogecoin.

Shiba Coin began in 2020. This fairly new cryptocurrency launched in August of 2020 and bears a striking resemblance to Dogecoin. Because the dog or puppy is very similar. As well, the platform and design of this coin operates in a way that is based on and identical to Dogecoin.

The meme coin was dubbed the ‘Dogecoin Killer’ when it was launched and started and today it grows rapidly. It differentiates itself by being cheaper than the competition and more community driven. Learn more about this up and coming new crypto coin!


Shiba Coin started as a joke and as a reaction to Dogecoin

Joke

Shiba Coin was based on memes and initially launched as a rival to Dogecoin. The start of this cryptocurrency seems almost completely related to Dogecoin.

Even the dog or mascot looks similar. The Shiba puppy is a similar looking dog to the Dogecoin in various ways. This is the same Shiba Inu but a little different or varied. However, there are some differences that need to be noted.

The Shiba Inu coin is a coin only or cryptocurrency meme token. But, the main point of Shiba Inu Coin is that it trades as SHIB and dubs itself as the “Dogecoin killer.”


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The owners and founders of Shiba Coin are mysterious

Mysterious

The founding of Shiba Inu Coin was in August 2020. The cryptocurrency was founded by Ryoshi. The origin of the founder is mysterious and full of humor.

The person otherwise known as  “Ryoshi” is anonymous and unknown. What makes this cryptocurrency funny is that it is called the “Doge killer.”

The founder, Ryoshi, has said that Shiba Inu coin is unique. Compared to other cryptocurrencies Shiba Coin is community-driven.


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Shiba Coin is cheap and affordable for anyone to buy

Cheap

When Shiba Inu coin began it struggled to get going in general. However, it did manage to grow recently as Dogecoin developed more and more.

In general, the Shiba coin managed to become popular at a cheap price. There are certain points where the Shiba coin reached $0.00001663 to purchase. This is incredibly affordable.

Spending $4-$5 USD before fees can get you a lot of Shiba Inu coins. The potential to make a lot of money is the initial investment that makes it worthwhile.

Many think of the Shiba Inu coin like a $2 or $6 lottery ticket. But, unlike a lottery ticket, the Shiba coin will not be in the trash. You can hold the Shiba Inu coin for as long as possible and that is the main draw of Cryptocurrencies.


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Shiba Inu is a Coin and Currency unlike other Cryptocurrencies

Shiba Coin

Shiba Inu is a token that makes it much different compared to most cryptocurrencies. Dogecoin and Shiba use and work as cryptocurrencies that have their own blockchains.  But, the Shiba crypto token is designed on an existing blockchain. The big difference is that Shiba Inu coins are sold as SHIB tokens, which makes it stand out overall from the competition.

The Shiba Inu coin when it originally launched was valued at less than $0.00000001. After a quick start, there were about 1 quadrillion tokens minted. Now, most recently, Shiba Inu has grown more and more in terms of their coins.

If you want to buy the coin it is possible to physically own it. Despite the Meme coin reputation, you can buyShiba Inu coin through PancakeSwap. In terms of buying it you can even purchase through sites like Etsy. For example, the SHIBA INU is a Gold Plated Crypto Coin DOGE Dogecoin Killer, which you can get online at a very affordable price.


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Social Media

The growth of Shiba Coin has surprised many. However, what drove this growth was ultimately the people who supported it and spread the word. For example, Elon Musk of Tesla, started tweeting about Shiba Coins. Soon enough, Shiba prices began to rise.

The rise of Shiba Inu Coin was worldwide and not only in the USA. For example, Charles Xu Biqun, the Chinese billionaire venture capitalist also helped Shiba Coin.

Biqun posted about Shiba Coin on Weibo. On this platform, Biqun has over 12 million followers, so this caused Shiba to challenge and take users away from Dogecoin.


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The story behind the Shiba Inu Dog of the Shiba Coin

The story

The dog that is part of this cryptocurrency is very popular as well. However, this similarity is not too different from Dogecoin. But, Shiba Coin goes further overall.

Ryoshi, the owner of Shiba Coin, has a Shiba Inu dog that is part of this cryptocurrencies image. The Japanese dog breed, Shiba Inu is what many now relate to this coin as well as Dogecoin.

The Shiba coin mascot is very popular. The Shiba pup is direct competition and antagonizing for Dogecoin as well. As is a common theme, Dogecoin and Shiba Inu coins are a healthy and friendly competition.


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Celebrities like Elon Musk and other public figures are Shiba Coin supporters

Elon Musk

Tesla founder and entrepreneur,  Elon Musk, is the biggest and most well known supporter. However, his loyalty seems divided between Dogecoin and Shiba Inu coin.

However, when Musk tweeted that he was interested in owning a Shiba pup then the interest in Shiba Coin went off the roof. The market interest in the crypto market went up by 300 percent for Shiba Coin.

The main proponents of Shiba coin are famous, but the public at large feels emboldened as well. For instance, there are stories of middle to working class Americans making a return from Shiba Coin.  With a little as $100 you can expect your return to grow and you invest and pool your resources.


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Cryptocurrencies like especially Shiba Inu have attracted Rappers and Hip Hop Artists

Rappers

Cryptocurrencies are popular for a reason as well. For one,Cryptocurrencies and the hip hop industry very much seem to be intertwined. For example, Rapper Meek Mill had publicized a plan to invest and use Shiba coin.

Some other famous rappers who love the cryptocurrency industry include the following: Soulja Boy and the legendary Snoop Dogg. Many are actively sharing their enthusiasm for Shiba Coin on Twitter where they discuss their crypto assets purchases. Recently, Snoop Dogg celebrated April 20th with a funny crypto themed video and more.

Lastly, as well the Real Slim Shady, also known as Eminem is a big fan of cryptocurrency. Eminem’s love of Dogecoin and Shiba coin are quite involved. For example, Eminem announced an NFT, non-fungible token collection, which is called Shady Con. So, cryptocurrency is hot!


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Shiba Inu Coin is made for the masses and is supposed to be easy to buy

Made for the masses

Shiba Inu is very affordable. Overall, this is a main selling point for Shiba Inu. The reason why it is affordable is because of a variety of factors.

Even though competitors claim they are affordable, Shiba Coin is the cheapest to buy and invest overall. Initially, the Shiba coin was launched at <$0.00000001 with a limited supply. So, what this meant was that there were about a quadrillion tokens in circulation.

Also, the amount of Shiba users is not large. You have at any one time around 360k community users. So, Shiba Coin stay very inexpensive so that it brings more people. Shiba Coin stresses that the most reliable place or platform to purchase or sell securely is on Uniswap.


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Shiba Coin is about the Community and tries to be more inclusive

More inclusive

Unlike many other cryptocurrencies, Shiba Inu coin tries to be more about community. The founder of Shiba, who goes by the pseudonym Ryoshi, wanted to create a different crypto coin.

One of the main goals of Shiba coin was to become a cryptocurrency project. The primary objective was that it would have no exclusive owner. As well, the corporate structure would not be important either. More importantly, there is no executive or CEO making decisions that would affect the future of Shiba Coin.


Conclusion

Shiba Inu coin is different from other cryptocurrencies. Even though Bitcoin is the most popular cryptocoin ever and the early pioneer. It is Shiba Inu that is perhaps the most welcoming and similar in values to Bitcoin.

Shiba Inu coin is an experiment in progress with a lot of potential. It is about building a decentralized community that may be random or almost always spontaneous, but always about community.

In conclusion, digital currencies are a long-term investment because of a variety of market factors and manipulation. Currently, Shiba Inu Coin is pushing all the other bigger crypto coins to be one of the most popular and in demand cryptocurrencies.

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