Shiba inu coin news today:Shiba Inu is the Most Bullish Sentiment ERC20 Token
SHIB has gained traction since the beginning of the years with the percentage of hodlers rising from 1% to 55%.SHIB ranks as the largest holding for the biggest 5,000 ETH whales, who are holsing $76,984,166 worth of SHIB.SHIB also ranked among the top 10 purchased tokens in the category of the top 1,000 ETH whales in the last 24 hours.Will shiba inu coin reach $1?Shiba Inu’s burn rate is also slightly up 36% in the last 24 hours, as a total of 8,375,655 SHIB were burned and six transactions were made.
Furthermore Virginia-based Luxury Car Dealer Now Accepts Shiba Inu.BitPay is among the early adopter of Shiba Inu and added support for SHIB on December 9th, 2021, enabling millions of crypto users to buy, store, swap, and spend SHIB directly through the BitPay App.
What is Shiba Inu?
Shiba Inu is a cryptocurrency that was created in 2020 by a mysterious person who calls themselves Ryoshi. The name ‘Shiba Inu’ was stolen from the fluffy dog that was the subject of many memes at the time.The coin started as a joke it was meant as a kind of parody of Dogecoin, which was rising fast in both price and popularity despite having little use in the real world. In fact, Shiba Inu called itself a “Dogecoin killer.”
Shiba Inu runs on the Ethereum blockchain, and while each token or coin is worth just a fraction of a cent, the price went wild in 2021 turning a few early investors into millionaires. While prices have gone back down from whence they came, it still remains one of the most popular cryptos.The Shiba Inu development team is currently busy working on two major projects: SHIB Metaverse and the much-awaited Layer 2 protocol, Shibarium.