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07/25 05:08

Shiba Inu (SHIB), a digital coin running on Ethereum’s ERC-20 system, popped onto the crypto scene in August 2020. Cooked up by a mysterious person or group called “Ryoshi,” SHIB wasn’t just another cryptocurrency. In fact, they called it an “experiment in decentralized spontaneous community building.”
This bold plan quickly grabbed the market’s eye, mainly because of its unusual coin setup and the constant buzz about its massive number of tokens.
At the time of writing, SHIB was valued at $0.00001338 after falling by over 13% on the charts in a mere matter of days. Worth pointing out though that this bout of depreciation came on the back of the memecoin’s steep uptrend. Owing to the same, SHIB hiked by over 35% in just 2 weeks.
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