What is Shiba Inu Coin? Information about SHIB Token
What is Shiba Inu Coin? Shiba Inu Coin is a standout memecoin in the cryptocurrency space, launched in August 2020 on the Ethereum blockchain. Created by an anonymous developer known as Ryoshi, Shiba Inu features the Shiba Inu dog as its symbol, a charming and well-known breed from Japan.
Not only is Shiba Inu recognized as a competitor to Dogecoin, another memecoin also symbolized by the Shiba Inu dog, but it also aims to raise awareness and support for Shiba Inu dogs that are abandoned and in need of rescue worldwide. To express love and protect these dogs, Ryoshi established a donation program through Amazon Smile. Although this program was permanently closed by Amazon in February 2023, the spirit of supporting and protecting Shiba Inu dogs continues to thrive within the community. Key Products in the Shiba Inu Ecosystem Shibarium
Shibarium is a robust Layer 2 blockchain platform within the Shiba Inu ecosystem, running on Ethereum. It offers significant benefits such as scalability, fast transactions, and low transaction fees. Shiba Inu Metaverse
Shiba Inu Metaverse is a virtual world built on Ethereum, where users can explore, build, design, and connect with the Shiba Inu community. It provides an immersive space for users to interact and enjoy creative freedom. ShibaSwap exchange (DEX) on Ethereum, using SHIB as the primary token. ShibaSwap enables users to trade and provide liquidity for digital assets effortlessly. Shiba Eternity Shiba Eternity is a collectible card game themed around Shiba Inu, developed by Shiba Inu Games in collaboration with PlaySide Studios. Available on Android and iOS devices, the game offers a rich and entertaining experience for players. Why Has Shiba Inu Coin Succeeded? Shiba Inu emerged during the challenging times of the global pandemic when major assets like BTC and ETH were sought after as hedges against inflation. Leveraging the popularity of Dogecoin, Shiba Inu captured attention by featuring the adorable Shiba Inu dog as its mascot. In May 2021, when Tesla CEO Elon Musk joked about Dogecoin on TV causing DOGEâs price to drop, SHIB quickly rose to prominence as the leading token in the memecoin trend. Between January and November 2021, SHIBâs price soared by over 60,000,000%, an astonishing figure. Shiba Inu also stood out by developing Shiboshi NFTs and its own game, with 10,000 Shiboshis selling out in just 35 minutes after launch. The growth of ShibaSwap, the SHIB token burn mechanism, and a variety of products have helped Shiba Inu not only attract but also retain users and investors. Advantages and Disadvantages of Shiba Inu Coin Advantages Strong Community: Shiba Inuâs success largely stems from its vibrant community support. With over 300,000 followers on X (formerly Twitter) and more than 70,000 members on Reddit, the project receives enthusiastic backing and positive feedback on all updates.Transparent Supply: Since its launch, the information about SHIBâs supply and distribution has been transparent, fostering significant trust within the investor community.Affordable Price: SHIBâs very low price allows many people to invest without needing substantial capital. The lowest price ever recorded for SHIB was 0.00000000008165 USD, creating opportunities for investors to own billions of SHIB with just a few hundred dollars, greatly stimulating investor interest. Disadvantages High Risk: Like many trend-driven projects, Shiba Inu carries the risk of collapse or fraud. SHIBâs price can experience significant fluctuations, rising sharply but also potentially plummeting at any time. Although SHIB itself is not a scam, it can be exploited by malicious actors. What is SHIB Token? SHIB is an ERC-20 token on the Ethereum platform, widely used within the Shiba Inu ecosystem and on ShibaSwap. Here are some key details: Token Name: Shiba InuTicker: SHIBBlockchain: EthereumToken Standard: ERC-20Contract:0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ceTotal Supply: 999,991,058,372,827 SHIB (according to Coingecko)Circulating Supply: Updating Upon launch, 50% of the SHIB supply was locked in Uniswap, while the other 50% was sent to Vitalik Buterin, the founder of Ethereum. Vitalik donated a significant portion of SHIB worth $1 billion to the India Covid Relief Fund and burned 40% of the total SHIB supply, contributing to the rise in SHIBâs value and reputation. Shiba Inu also includes two other tokens within its ecosystem: LEASH and BONE. LEASH is a reward token on ShibaSwap, while BONE plays a governance role, allowing holders to participate in important decisions affecting the Shiba Inu ecosystem. $SHIB #shiba⥠#Shibalnu $
Binance Announces IO.NET (IO), the 55th Project on Binance Launchpool
Binance will be the first platform to list the IO token, with trading commencing on June 11, 2024, at 12:00 (UTC). Binance has announced the 55th project on Binance Launchpool â IO.NET (IO), a decentralized cloud and AI computing platform. The website is expected to be available five hours before the Launchpool begins. Users can stake their BNB and FDUSD into separate pools to farm IO tokens for four days, with the farming period starting on June 7, 2024, at 00:00 (UTC). Listing Binance will list IO at 12:00 (UTC) on June 11, 2024, and open trading with pairs IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY. Seed tags will apply to IO. IO Launchpool Details Token Name: IO.NET (IO)Total Token Supply at Genesis: 500,000,000 IOMaximum Token Supply: 800,000,000 IOLaunchpool Token Rewards: 20,000,000 IO (4% of total token supply at Genesis)Initial Circulating Supply: 95,000,000 IO (19% of total token supply at Genesis)Smart Contract Details: SolanaStaking Terms: KYC requiredHourly Hard Cap per User:17,708.33 IO in the BNB pool3,125 IO in the FDUSD pool
Supported Pools Stake BNB (website available after approximately 5 hours): 17,000,000 IO rewards (85%)Stake FDUSD (website available after approximately 5 hours): 3,000,000 IO rewards (15%) Farming Period: June 7, 2024, 00:00 (UTC) to June 10, 2024, 23:59 (UTC). What is io.net? io.net Cloud is an advanced decentralized computing network that enables machine learning engineers to access distributed cloud clusters at a fraction of the cost of traditional centralized services. Modern machine learning models often rely on parallel and distributed computing, requiring the combined power of multiple cores across several systems to optimize performance and handle larger datasets and models. Training and inference processes typically involve a coordinated network of GPUs working in unison, rather than being confined to a single device.
What is io.netâs mission, and what are you working towards? io.net is a decentralized GPU network designed to provide unlimited computing power for ML applications. Our goal is to make computing more scalable, accessible, and efficient. We aim to democratize access to computing power by assembling over 1 million GPUs from independent data centers, crypto miners, and projects like Filecoin or Render. Our mission is to ensure fair access to computing resources, empowering machine learning and AI innovation globally.
What is Dogecoin? Dogecoin (abbreviated as DOGE) is one of the well-known cryptocurrencies, developed based on the Litecoin platform in December 2013. Initially created as a joke inspired by the âDogeâ meme featuring a famous Shiba Inu dog, Dogecoin quickly garnered significant attention from the cryptocurrency community, despite its origins as a playful experiment. History of Dogecoin Dogecoin was created in 2013 by Jackson Palmer, a product manager at Adobe Inc., and Billy Markus, a software developer at IBM. Palmer intended to satirize the hype surrounding cryptocurrencies and, after receiving positive feedback on social media, he purchased the domain dogecoin.com. Markus collaborated with Palmer to develop the Dogecoin software, basing it on the code from Luckycoin, which itself is a fork of Litecoin. Dogecoin officially launched on December 6, 2013, and within two weeks, its value had surged by 300% due to high community interest. How Dogecoin Became a Memecoin Trendsetter Dogecoin, famous for its cute Shiba Inu dog logo, has had a turbulent journey. It began as an internet joke in 2013 but saw a significant price surge during the cryptocurrency boom at the end of 2017, followed by a decline in 2018. The summer of 2019 marked a turning point when Binance, a major exchange, listed Dogecoin, and Elon Musk seemingly endorsed it with a cryptic tweet. Many believed he supported the âdogecoin of his favorite pet.â Despite limited infrastructure updates, Dogecoin continues to thrive thanks to its active mining community. Miners prefer Dogecoin over other Scrypt-based cryptocurrencies. In 2021, Elon Musk publicly supported Dogecoin, announcing he was working with developers to improve transaction efficiency. He also polled the public about Tesla accepting Dogecoin as a payment method. In October 2021, AMC Entertainment Holdings announced it would accept Dogecoin for digital gift card purchases.
Pepe [PEPE] is currently experiencing a robust uptrend, significantly outperforming other prominent large-cap meme coins. Over the past week, PEPE has surged by 57.6%, in stark contrast to Shiba Inuâs [SHIB] -0.01% and Dogecoinâs [DOGE] 11.6% increase. With a clear trajectory towards the next Fibonacci extension level, PEPEâs long-term potential suggests even greater heights. The question arises: could PEPE be the catalyst for the next altcoin rally? The solid bullish structure may present an opportunity for bulls to re-enter the market. Since early May, the daily chart has been bullish, with prices breaking past the resistance level at $0,00000796. Over the past week, the remaining imbalance at $0,0000122 may serve as a short-term bearish target if prices seek liquidity.
The 61.8% Fibonacci extension level (marked in light yellow) at $0,0000168 is a potential zone where selling pressure could intensify as PEPE holders take profits. The RSI on the daily chart is at 72, highlighting the strength of the upward momentum over the past two weeks. Additionally, the OBV has risen sharply, indicating consistent buying volume. The daily trading volume for PEPE has not soared as it did at the end of February, but this may not be a significant concern given the steady upward trend throughout May. PEPEâs magnetic zones might not pull the price towards them The liquidation levels from the previous month are concentrated around the $0.000008 region, which is also marked on the daily price chart as a liquidity cluster. The $0.00000645 and $0.000007 levels also hold substantial long liquidation positions. However, these prices are more than 50% below the current market price. A retracement to these levels may not occur soon. Market sentiment remains solidly optimistic, especially regarding PEPE. It may rise further to attract more leveraged long positions from impatient bulls. Therefore, reaching the Fib extension at $0.0000168 is likely before any significant retracement. In the event of a pullback, the $0.0000105-$0.0000103 zone could counter the initial wave of sellers before a deeper retracement occurs. Traders should be prepared for the possibility that prices might not dip below $0.0000113 for several weeks, particularly if Bitcoin [BTC] initiates another rally and drags $PEPE along with it. #PEPEâ #pepe⥠$PEPE
Shiba Inu Coin Burn Rate Skyrockets 570% During Market Rally. Up to 0.0001?
Shiba Inu (SHIB), the popular meme coin, has once again captured the attention of the crypto community with its latest developments. According to Shibburn, a tracker for Shiba Inu token burns, the burn rate for the meme coin surged nearly 570% on Wednesday, May 22, sparking optimism among traders and investors. Shiba Inu Coin Burn Rate Skyrockets The dramatic increase in the burn rate has significantly reduced Shiba Inuâs market supply, which could positively impact its tokenomics moving forward. In the past 24 hours, the burn rate soared by 569.50%, according to Shibburn. A total of 12.70 million SHIB tokens were incinerated in several transactions by the community. Notably, four specific wallet addresses played a major role in this surge.
The wallet address 0xa9d1⊠was responsible for moving 4.6 million SHIB to a dead wallet through two large transactions recorded a few hours ago. Additionally, another wallet address, 0x608âŠ, transferred 1.01 million SHIB to a dead wallet within the same period. These substantial transactions have been pivotal in driving the recent spike in Shiba Inuâs burn rate. Furthermore, another community wallet, 0xc66âŠ, moved 1.04 million Shiba Inu tokens to a dead wallet, significantly contributing to the burn rate increase. Consequently, the total amount of SHIB tokens burned now stands at a massive 410.72 trillion. The reduction in supply due to these burn transactions is seen as a potential catalyst for boosting the value of SHIB. For context, a lower supply with steady or increased demand could lead to price appreciation of any asset, including cryptocurrencies. This development has injected a surge of optimism into the Shiba Inu community, with many traders and investors closely monitoring the meme coinâs progress. Will $SHIB Surge to $0.0001? The Shiba Inu price has successfully broken out from the $0.000025 level, which served as a crucial resistance point. As of Wednesday, SHIB was up by 1.39% to $0.00002562. Meanwhile, the second-largest mem Additionally, SHIBâs 24-hour trading volume spiked by 33.58% to $1.17 billion. As earlier reported, the SHIB price is poised to surge to $0.00003 or even $0.00005 if it continues to trade above the critical resistance level. Moreover, a rally to $0.0001 could be anticipated in the long term if the bullish momentum sustains. Shiba Inuâs price has surged significantly amid the overall positive sentiment in the market. Consequently, SHIB futures open interest also gained 9.24% to $90.77 million, according to Coinglass. However, longs dominated liquidations with $471,170 liquidated, which could push the SHIB price into the red. Meanwhile, shorts account for nearly half of these liquidations, making their impact less significant. #Shib #ShibaInu $SHIB
Omni network (OMNI) lĂ dá»± ĂĄn tiáșżp theo trĂȘn Binance Launchpool. Launchpool trong vĂČng 4 ngĂ y Thá»i gian báșŻt Äáș§u: 7:00 13/4 TĂ i sáșŁn sá» dỄng: BNB vĂ FDUSD Thá»i gian niĂȘm yáșżt: 19:00 17/4 OMNI Launchpool Details: âą Token Name: Omni Network (OMNI) âą Max Token Supply: 100,000,000 OMNI âą Launchpool Token Rewards: 3,500,000 OMNI (3.5% of max token supply) âą Initial Circulating Supply: 10,391,492 OMNI (10.39% of max token supply) âą Smart Contract Details: Ethereum âą Staking Terms: KYC required âą Hourly Hard Cap per User: 3,098.95 OMNI in BNB pool 546.87 OMNI in FDUSD pool #BinanceLaunchPoolđ„ #omni
Bitcoin Rebounds Near $69,000 as Halving Event Approaches
Bitcoin is recovering after a period of stability to start April, bouncing back above $69,000 on Thursday ahead of the networkâs upcoming halving event expected in a few weeks. Bitcoin rebounds to $69,000 The price of Bitcoin has risen 5% in the past 24 hours, reaching $69,100, reversing a three-day trend that saw the top cryptocurrency drop below $70,000 and nearly touch $65,000 on Tuesday before bouncing back on Thursday.
Bitcoinâs halving event occurs every four years to reduce the amount of BTC miners receive as a reward for successfully producing a new block. Its aim is to slow the increase of the circulating supply and curb inflation, often associated with an increase in asset prices. With the next halving event scheduled for April 20, Bitcoinâs price surged in March to a new all-time high of $73,737, skyrocketing multiple times throughout the month as it continued to climb higher. The previous all-time high for Bitcoin was set in November 2021 at around $69,000. Timing of Bitcoin Halving Event The estimated date for the halving event has changed in recent weeks, as the event is tied to a specific block on the network, as well as Bitcoinâs activity and demand helping determine the networkâs speed at that time. Currently, it is scheduled for April 20 or 4/20, with some notable memes fitting well with the current price level, along with some other memes.
Bitcoinâs latest price increase has caused similar fluctuations across the entire market, with no surprises, rising 4% each day on data from CoinGecko. Ethereum (ETH) rose nearly 4% to $3,415 today, while Dogecoin (DOGE) surged 6% to $0.186 and Binance Coin (BNB) was the strongest performer among the top 10 cryptocurrencies with an 8% increase to $597 #bitcoin #halvingbtc2024 #news
NgÆ°á»i má»i tham gia thá» trÆ°á»ng Äá»u mang tÆ° tÆ°á»ng lĂ m giĂ u nhanh, market sáșœ lợi dỄng Äiá»m yáșżu nĂ y Äá» khiáșżn ae cĂ ng nghĂšo thĂȘm.
In the world of crypto, often dominated by large coins and serious projects, meme coins, seemingly just for entertainment, still hold a certain place. Vitalik Buterin, the co-founder of Ethereum, has recently shed new light on their potential and significance in a recent article. Dogecoin, born as a joke in 2013, became the first shining meme coin. Since then, the meme coin frenzy has expanded with a slew of new coins like Shiba Inu, Dogelon Mars, capturing considerable attention from the crypto community. However, many still doubt the practicality of these projects. Vitalik Buterinâs Perspective
Vitalik Buterin has a different view. He asserts that we should not dismiss or restrain memecoin trends if they bring joy, community bonding, or even positive societal impact. To illustrate this perspective, Vitalik Buterin has provided examples of meme coin projects closely associated with charitable and humanitarian activities. One prominent example is Dogelon Mars (ELON) â a memecoin that allocated half of its initial supply to support the Methuselah Fund for research on tissue engineering and anti-aging therapy. This initiative has attracted significant investor interest and helped the project maintain strong community ties to this day. Although other examples like GiveWell Inu or Fable of the Dragon Tyrant have not yet exploded, Vitalik Buterin believes that the memecoin field still holds untapped potential. With a blend of entertainment and humanitarian purposes, such projects can indeed become lasting phenomena and positively contribute to the community. The first step that Vitalik Buterin proposes is to learn from successful games like Dark Forest or FrogCrypto by the 0xPARC team. These games attract players out of passion, not just for profit. This could be the ideal direction for memecoins to truly build sustainable communities and deliver social value. Vitalik Buterinâs balanced perspective on meme coins is an important starting point for responsible community engagement in this space. By acknowledging the fun aspects, community bonding of memecoins, while also highlighting potential challenges and advocating for projects with positive impact, Buterin is guiding users to approach the memecoin space more critically and thoughtfully.#BinanceVietnamSquare #Binanceâ #memecoinâ â â â #Vitalik