{"id":1142,"date":"2021-11-08T18:58:36","date_gmt":"2021-11-08T18:58:36","guid":{"rendered":"https:\/\/blog.prestmit.io\/?p=1142"},"modified":"2025-08-14T05:06:55","modified_gmt":"2025-08-14T05:06:55","slug":"what-you-need-to-know-about-shiba-inu-coin","status":"publish","type":"post","link":"https:\/\/prestmit.io\/blog\/what-you-need-to-know-about-shiba-inu-coin","title":{"rendered":"What You Need To Know About Shiba Inu Coin"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e0a0c5158fa\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e0a0c5158fa\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/prestmit.io\/blog\/what-you-need-to-know-about-shiba-inu-coin\/#What_is_Shiba_Inu_Coin\" >What is Shiba Inu Coin?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/prestmit.io\/blog\/what-you-need-to-know-about-shiba-inu-coin\/#What_Does_Shiba_Inu_Coin_Have_In_Common_With_Other_Cryptos\" >What Does Shiba Inu Coin Have In Common With Other Cryptos?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/prestmit.io\/blog\/what-you-need-to-know-about-shiba-inu-coin\/#Why_is_Shiba_Inu_Coin_Becoming_a_Popular_Cryptocurrency\" >Why is Shiba Inu Coin Becoming a Popular Cryptocurrency?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>Shiba Inu coin is one of the largest cryptocurrencies today. Shiba&#8217;s meteoric rise since it was created has made it one of the tokens to look out for in the crypto industry.<\/p>\n<p>According to data from Etheruem blockchain explorer Etherscan, there are currently 912, 290 ETH wallets with Shiba Inu coins in them.<\/p>\n<p>In this article, we&#8217;ll focus on the things you need to know about the Shiba Inu token.<\/p>\n<div id=\"attachment_1148\" style=\"width: 310px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1148\" class=\"size-medium wp-image-1148 lazyload\" data-src=\"https:\/\/prestmit.io\/blog\/wp-content\/uploads\/2021\/11\/Shiba-Inu-Coin-300x225.jpg\" alt=\"Shiba Inu Coin\" width=\"300\" height=\"225\" data-srcset=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/11\/Shiba-Inu-Coin-300x225.jpg 300w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/11\/Shiba-Inu-Coin-768x576.jpg 768w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/11\/Shiba-Inu-Coin.jpg 1000w\" data-sizes=\"(max-width: 300px) 100vw, 300px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 300px; --smush-placeholder-aspect-ratio: 300\/225;\" \/><p id=\"caption-attachment-1148\" class=\"wp-caption-text\">Shiba Inu Coin<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Shiba_Inu_Coin\"><\/span>What is Shiba Inu Coin?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Shiba Inu Token (symbol SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person or persons known as &#8221;Ryoshi&#8221;.<\/p>\n<p>Named after the Shiba Inu, a Japanese breed of dog, this token is characterized as a &#8221;meme coin&#8221;. It has the same dog symbol as <a href=\"https:\/\/prestmit.io\/blog\/dogecoin-101\/\" data-wpil=\"url\">Dogecoin<\/a>, which itself is created as a joke based on the Doge meme.<\/p>\n<p>Shiba is therefore a meme of the earlier created meme coin, Dogecoin, popularized by the billionaire, Elon Musk. Call it a &#8216;parody of parody&#8217;, you&#8217;re not wrong, Shiba Inu coin is gradually taking a center stage in the crypto market.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Does_Shiba_Inu_Coin_Have_In_Common_With_Other_Cryptos\"><\/span>What Does Shiba Inu Coin Have In Common With Other Cryptos?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bitcoin, Ethereum, and Tether (USDT) remain the top three cryptocurrencies but other small tokens like the Shiba Inu coin are also making waves.<\/p>\n<p>SHIB is created to rival Dogecoin as it was claimed to be a Dogecoin killer. It has several things in common with the Elon Musk-popularized Dogecoin.<\/p>\n<p>In and of itself, Shiba isn&#8217;t all that different from a bunch of the cryptos. It is based on the trusty Ethereum blockchain.<\/p>\n<p>It was created not only as a fun project but also as an experiment to build a cryptocurrency using a 100% decentralized &amp; spontaneous community.<\/p>\n<p>Shiba Inu tokens are powered by Ethereum. Fungible tokens like Shiba Inu are ERC-20 tokens and non-fungible tokens use the ERC-721 token standard of the ETH platform.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Shiba_Inu_Coin_Becoming_a_Popular_Cryptocurrency\"><\/span>Why is Shiba Inu Coin Becoming a Popular Cryptocurrency?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Although investing in cryptocurrencies is a huge risk, the Shiba Inu coin, despite its volatility in price has been gaining ground. The value of Shiba has skyrocketed in recent times.<\/p>\n<p>Its rise has been attributed to billionaire, Elon Musk&#8217;s influence. Just like Dogecoin, Elon Musk has posted a message on his Twitter platform. The token became more popular when he posted a picture of his Shiba Inu puppy on his verified Twitter page.<\/p>\n<p>This got several crypto investors to try out this Dogecoin&#8217;s meme. Today, there are over 900,000 Shiba Inu holders.<\/p>\n<p>Shiba is currently ranked as the 11th\u00a0 cryptocurrency in the world. It has a live market cap of $30, 670, 630, 675 USD. It has a circulating supply of 549, 095, 509, 738, 355 SHIB coins.<\/p>\n<p>Investing in cryptocurrencies are a very high risk and speculative investment. Risk takers have however taken the opportunity to earn big with these digital assets.<\/p>\n<p class=\"post-title\">\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu coin is one of the largest cryptocurrencies today. Shiba&#8217;s meteoric rise since it was created has made it one of the tokens to look out for in the crypto industry. According to data from Etheruem blockchain explorer Etherscan, there are currently 912, 290 ETH wallets with Shiba Inu coins in them. In this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9142,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1788],"tags":[506,2318],"class_list":["post-1142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-shiba-inu","tag-trade-shiba-inu"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What You Need To Know About Shiba Inu Coin - Prestmit<\/title>\n<meta name=\"description\" content=\"What You Need To Know About Shiba Inu Coin - Prestmit is the best site to sell gift cards and cryptocurrencies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prestmit.io\/blog\/what-you-need-to-know-about-shiba-inu-coin\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What You Need To Know About Shiba Inu Coin\" \/>\n<meta property=\"og:description\" content=\"What You Need To Know About Shiba Inu Coin - 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