#shiba⚡ #Shibalnu #SHIBAUSDT $BTC #BTCMarketPanic $SHIB

Shiba Coin (SHIB) is a decentralized cryptocurrency and a meme coin that was created as a parody of Dogecoin (DOGE). It is named after the Shiba Inu dog breed and features the same dog as its mascot.

Here are some key facts about Shiba Coin:

1. *Created in 2020*: SHIB was created in August 2020 by an anonymous individual or group using the pseudonym "Ryoshi".

2. *Ethereum-based*: SHIB is an ERC-20 token, built on the Ethereum blockchain.

3. *Meme coin*: SHIB was created as a joke, but it gained popularity and became a serious cryptocurrency.

4. *Community-driven*: SHIB has a strong and active community, with many supporters and holders.

5. *Deflationary*: SHIB has a deflationary mechanism, where a portion of tokens are burned (removed from circulation) with each transaction.

6. *Limited supply*: The total supply of SHIB is capped at 1 quadrillion (1,000,000,000,000,000) tokens.

7. *Trading*: SHIB is listed on several cryptocurrency exchanges, including Binance, Coinbase, and others.

8. *Use cases*: SHIB can be used for transactions, but its main use case is as a store of value and a speculative investment.

Remember, investing in cryptocurrencies carries risks, and SHIB is no exception. Always do your own research and consider your risk tolerance before investing.