Shiba Inu (SHIB)

Shiba Inu (SHIB) is a coin that has skyrocketed in recent years. Often compared to Dogecoin, SHIB has emerged as one of the most traded assets outside of stablecoins on exchange platforms. Despite its initial origin as a memecoin, SHIB has gained traction and capitalization.

It was released in August 2020 by an anonymous developer known as “Ryoshi.” The SHIB token was inspired by Dogecoin and adopted the name of the famous Shiba Inu dog breed, which became popular on the Internet through memes. Although initially considered a joke, SHIB has evolved into a more serious project with clear development goals.

It runs on the Ethereum blockchain as an ERC-20 token and uses a Proof-of-Stake (PoS) system to validate transactions. It features an ecosystem that includes other tokens such as LEASH and BONE, each with its specific function within the network.

Despite its speculative nature and wide price fluctuations, SHIB has proven popular among traders of all profiles and is easily accessible on numerous exchange platforms, including Binance and Coinbase. Furthermore, ShibaSwap is a decentralized platform linked to this crypto. Here the possibility to exchange SHIB tokens and have a stake in the governance of the network is offered