Has Shiba Inu Coin Replaced Dogecoin? The Answer Is Yes! @shibtoken

Written by Chris Powers

Don’t get me wrong, Dogecoin still appears to be a good play. But it’s not the “crypto darling” it once was last month. The newest and hottest coin out there expected to blow up?

Welcome Shiba Inu Coin (SHIB).

The Shiba Inu coin (SHIB), a meme cryptocurrency inspired by the recent surge of Dogecoin. You can purchase SHIB on, 1Inch and Uniswap. While initially developed as a parody of Dogecoin, the “penny” cryptocurrency has skyrocketed in value.

Known as the “Dogecoin Killer,” the latest meme cryptocurrency to succeed on laughs alone has made its way to to the Binnace platform. Shiba Inu (SHIB) burst into CoinMarketCap’s top 20 rankings a couple of days ago, which many assume is because of the recent success of other meme currency, Dogecoin. Within 48 hours, the SHIB token went from a valuation of $0.000003 to $0.000032 — a 966% increase, which added to over 2,300,000% growth since the start of the year.

The Shiba Inu website claims 50% of the SHIB token supply has been locked into Uniswap to provide liquidity. The other 50% has been sent to Ethereum co-creator Vitalik Buterin as a “burn” gesture, however, Buterin still has full access to the funds.

Binance had a brief press release on SHIB being added to their platform

“SHIBA INU (SHIB) is an experiment in decentralized community building and another meme coin similar to Dogecoin. SHIB is the native token of SHIBA INU and will be the first token to be listed and used as an incentive for using ShibaSwap, a decentralized exchange,” it added.

To learn more about the SHIB coin, check out the video below and listen to what kind of “pump” is expected in the near future.

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About the author

Chris Powers

Chris Powers has been blogging since 2019 and joined PSE in February or 2021. His primary focuses on the NFL, MLB, NBA and Pop Culture. Since arriving at PSE, he has amassed nearly 10 million views.