Insights

SPOTLIGHT – Shiba Inu (SHIB)

“Once upon a time, there was a very special dog. That dog was a shiba inu, and this dog inspired millions of people around the world to invest money into tokens with the dog’s image on it.”

SHIB is the self proclaimed “DOGECOIN KILLER” and was originally listed on their own ShibaSwap, a decentralized exchange. It was later picked up and listed by Coinbase… which is actually a pretty huge deal. 

Shiba Inu coin was created anonymously in August 2020 under the pseudonym “Ryoshi.” The meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and Tweets from personalities like Elon Musk and Vitalik Buterin.

The lesser-valued token seeks to attract investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD. 

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