Shiba Inu (SHIB)

By: WEEX|2024/11/06 03:49:11

Shiba Inu (SHIB) is a meme-based cryptocurrency created as an experiment in decentralized community building. It gained popularity in 2021 as a Dogecoin-inspired project, branding itself as the "Dogecoin killer." SHIB operates on the Ethereum blockchain as an ERC-20 token and has a large, dedicated community known as the "ShibArmy." The project has expanded to include other tokens like LEASH and BONE and a decentralized exchange (DEX) called ShibaSwap. Despite its humorous origins, SHIB has attracted attention from both retail and institutional investors. Example: In May 2021, SHIB surged in popularity, largely driven by social media hype and Elon Musk's tweets about Dogecoin, which led to a sharp increase in its price.

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