( Source : TradingView )
History of SHIBA Inu coin :
An unidentified founder going by the name “Ryoshi” established Shiba Inu in August 2020. The coin’s moniker is derived from the cute dog breed of the same name. Dogecoin, although shares the same breed as its mascot, is not to be confused with it. Rather, Shiba Inu calls itself a ‘Dogecoin killer.’ Shiba Inu functions on the Ethereum blockchain, which offers the platform’s security and functionality, much like a lot of other cryptocurrencies.
Shiba Inus are exchanged for pennies on the dollar. Nonetheless, there were almost one quadrillion authorized coins produced. Vitalik Buterin, a co-founder of Ethereum, irrevocably “burned” almost 40% of those currencies. This indicates that they were essentially destroyed and are no longer functional.
When the Shiba Inu currency was introduced to the Coinbase platform in September 2021, its price reached its highest point. Since then, like the majority of other cryptocurrencies, its price has dropped throughout the bear market.
💥🚀
Here’s How Much $1,000 Could Turn Into if $SHIB Repeats History At Price of $0.00001520.📈#Shibarmy #Shibainucoin #ShibCollab https://t.co/p89a4PttWa
— Shiba Inu (@ShibainuCoin) February 22, 2025
Track Also; PEPE coin Price Prediction for 2030