Shiba Inu is a cryptocoin written in August 2020 by a user or a community named ‘Ryoshi’. The coin is notable for decentralized financial structure and a P&D scheme, including artificially inflating the owned stocks prices through misleading statements. Shuba Inu has received a meme currency reputation because of its marketing campaign, conducted using memes, social media pages, and media influencers.
Shiba Inu appeared in 2020, claiming itself as Dogecoin destroyer. This name derives from the breed of dogs originating from the Central Japanese region. In May 2021, Vitalik Buterin, the co-founder of Bitcoin, donated 50 trillion of SHIB tokens to Indian Covid-Crypto Relief Fund. Since then, the coin’s price had been slightly increasing in price, and in October 2021 there was a cost boom: the currency’s value exceeded 240% of its price. However, after this moment the price became falling, reaching 55% of the coin’s price in November.
What is Shiba Inu?
Shiba Inu is a decentralized cryptocurrency which was developed by a user named Ryoshi in 2020. Due to its marketing efforts with bloggers’ attracting, meme usage, and social media hype, the coin has a satiric reputation. Despite this, the coin had a large evaluation at certain times – the market cap was on October 2021, when the price was $12.5 billion.
The Shiba Inu’s logotype is a signature with a dog’s head over a circle. The dog has an evil predator’s face.
Usually, the coin’s logotype doesn’t have any inscription accompanying the image. But there are logotypes with the ‘shib’ word written in a capitalized sans-serif typeface, with a dollar sign to the left from the name.
The dog’s head, is colored orange for the ears and the upper part of the head, white for the lower half of the head and eyebrows, and black for eyes and smile. The name is white, with the first ‘s’ red.