History of Shiba Inu Coin? The reason behind its Popularity in 2022!
According to a report from ICO Analytics on the History of Shiba inu coin via Twitter, the Shiba Inu cryptocurrency has become the most popular. For October, the analysis firm shared Twitter popularity data that shows Ether, Bitcoin, and Dogecoin at the top three and bottom three places in terms of popularity.
This is not what the report says. It says that while SHIB was popular on Twitter at 22%, Bitcoin had a much lower popularity share at 8%. Shiba Inu meme-coin, which is being sold as a Dogecoin killer, has added another feather to its cap with this news.
It looks like Safemoon, Solana, Cardano, and Binance tokens were also talked about on Twitter a lot. However, it wasn’t even close to being as popular as SHIB. There’s a lot to tell you about the History of Shiba inu, So hold tight and read with curiosity!
This is what CoinMarketCap data shows: Bitcoin and Ether were both tradings at or near their all-time high prices on Wednesday. Shiba Inu was trading at $0.00005395 (roughly Rs. 0.0040) per token, about the same price as a penny. On October 25, the value of the dog-coin went up by 50%, and it became the 11th-largest cryptocurrency coin by market value.
In the last few days, supporters of SHIB have been using social media to make their voices heard. This is because the token has been directly competing with Dogecoin. Fans on Twitter use hashtags like #SHIBARMY and #ShibaSwap to show their support for Shina Inu. They’re also using #SHIB to show their support for Shina Inu.
The CEO of AMC Theaters in the United States started a poll on Twitter this month to see if people thought SHIB should be accepted as a way to pay for movies. Out of the 1,53,100 votes the poll got, 81.4 percent of the accounts said “yes” to the SHIB token.
The Shiba Inu token, which will be released in August 2020, was made by a person named Ryoshi. The mascot of the SHIB token, which is based on Dogecoin, is a cartoonized image of a dog face from the Shiba Inu breed, found in Japan.
It says that the SHIB token is held in 942,941 wallets, out of which 14,645 are active. There is a limit on how many SHIB tokens can be made and the token is being worked on.
Facts & History of Shiba inu Coin/Token.
It’s called Shiba Inu or SHIB, and it’s a cryptocurrency that doesn’t have any central authority. It was made in August 2020 by an unknown person or group called “Ryoshi.” It was made to make fun of Dogecoin, which became very popular.
Meme coins are cryptocurrencies that look like memes. They are usually made as a joke. They aren’t taken seriously, even though they are in the same class as other popular cryptocurrencies like bitcoin. This year, their prices have gone up.
One of the most popular memes is Shiba Inu, a Japanese hunting dog. Dogecoin was made by two engineers based on this meme. There were a lot of other meme coins made because Dogecoin was so popular, so they came up with more.
In August 2020, an unknown person or group called “Ryoshi” made Shiba Inu or SHIB one of the first decentralized cryptocurrencies. Shiba Inu is called $SHIB. It was made to make fun of Dogecoin, the first meme coin released in 2013. It went on to become a huge hit.
It looks like the Shiba Inu meme coin creator wanted to get rid of Dogecoin from the crypto world. As a result, there has been a big rise in the value of Shiba Inu coins in 2021. Over $30 billion is the value of Shiba Inu, and over $26 billion is the value of Dogecoin, which is the value of Shiba Inu.
There are many reasons why Shiba Inu prices have gone up so much, but one of the most likely is the launch of ShibaSwap, which is an open-source exchange. The exchange is a good thing for investors because they can make more money by keeping their money for a long time.
Tweets by the owner of Tesla and SpaceX, Elon Musk, are also known to make meme coins like Doge and Shiba Inu rise and fall quickly. Tweets about his Shiba Inu dog, “Floki,” sleeping on a carpet or sitting on a Tesla have led to a rise in the prices of Floki-themed cryptocurrency. Some of them have seen a big rise.
Shiba Inu fans, who call themselves the Shiba Army, have been one of the factors behind the rise in the meme coin. They call themselves the Shiba Army. With a strong Twitter account, they have been promoting the meme coin on social media all the time.
A cryptocurrency’s price can’t be predicted even more accurately now that it’s even more uncertain where it will go next. But, unfortunately, this has been the trend for cryptocurrencies since they were first made.
That’s all for today’s blog post, hope you found it helpful to go deeper into the Shiba Inu coin! There’s plenty of content ahead, so stay tuned for more updates only at?
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