Shiba Inu

Shiba Inu is a young meme coin, the latest in the doggy-themed crypto world that everyone is talking about. What you need to know for starters is that it is an ERC-20 token that increased in popularity in 2020 because of its dog-themed ecosystem, the price speculation by retail investors, and the strong community support. The official Twitter account of the project has over 1.2 million followers which are more than the companies of Kraken, Solana, and Cardano.

The digital asset was inspired by the dog of Japanese descent with the same name, which sparked a viral meme trend back in 2013 which led to the creation of Dogecoin as well as hundreds of other pet-inspired coins that became known as “meme coins.” A meme coin offers owners little to no utility compared to other assets like Ether or bitcoin but in the case of Shiba Inu, there seems to be a legitimate attempt by its devs team to provide more value to the holders, including launching a decentralized exchange in July. The idea to provide more utility got a new nickname to the coin and was proclaimed as the “doge killer” as It became the second most popular meme coin on the market. The market cap of Dogecoin is three times that of Shiba but the project managed to raise some dust and build up a large community in less than two years.

Shiba Inu increased in popularity because of its dog theme but the retail traders also showed their support towards the project.

So in this guide, we are going to learn everything you need to know about this cryptocurrency, and now, let’s check the table of contents before we dive in.

1. Who Created It?
2. How Does It Work?
3. What Is ShibaSwap?
4. Ecosystem
5. SHIB Coin
6. SHIB vs DOGE
7. Price History
8. Best SHIB Wallets
9. Best SHIB Exchanges
10. The Elon Musk Effect
11. Key Capabilities
12. Investing Considerations
13. ShibaSwap Future Developments
14. Wrapping Up