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What is Shiba Inu Crypto Currency?


2023-03-25 09:50 · 1 min read

Shiba Inu is a cryptocurrency that was launched in August 2020. It is an ERC-20 token on the Ethereum blockchain, which means it follows the same standards as other Ethereum-based cryptocurrencies.

The Shiba Inu cryptocurrency was created by an anonymous person or group of people who go by the name "Ryoshi." They designed it to be a decentralized meme token with a focus on community building and philanthropy.

The Shiba Inu cryptocurrency has gained popularity due to its association with the dog breed of the same name. The project's mascot is a Shiba Inu dog, which has become a symbol of cryptocurrency.

Like other cryptocurrencies, the value of Shiba Inu is determined by supply and demand on the open market. It is important to note that cryptocurrencies can be highly volatile and investing in them can carry significant risk. It is always advisable to conduct thorough research before investing in any cryptocurrency.

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