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What is Shiba Inu? ($SHIB)

Shiba Inu ($SHIB) was launched as a meme coin, similar to the origins of the widely known Dogecoin which was launched much earlier in 2013. In fact, upon its launch in August of 2020, Shiba Inu was widely referred to as the “Dogecoin Killer.” It is one of the top “Dog coins” by market capitalization, with Shiba Inu ($SHIB) itself being named and branded after the Japanese hunting dog bearing the coin’s name.

The popularity of Shiba Inu ($SHIB) has encouraged a large following of community investors and supporters, again - similar to Dogecoin, having a supportive community around the meme coin much like its “Dog Coin” predecessor. The large Shiba Inu community member base come together to form what is known as the SHIBarmy, and collectively help direct the community. Shiba Inu is traded under the ticker $SHIB, and is available to buy and sell on the Firstrade mobile and web cryptocurrency trading platform cryptocurrency trading platform.

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More about Shiba Inu ($SHIB)

During the fall of 2021 Shiba Inu ($SHIB) soared in value, reaching an all-time-high (ATH) market capitalization of $41 billion on October 29th. This feat moved Shiba Inu ($SHIB) into the top 10 cryptocurrencies by market cap, moving Shiba Inu into a greater degree of public brand awareness and adoption.

Another point of interest is the Shiba Inu ($SHIB) total supply. The one quadrillion tokens are down to just about half, at 549 trillion circulating $SHIB tokens. Since it’s rise to greater levels of brand recognition, Shiba Inu ($SHIB) also since launched a decentralized swap and also more tokens within its own evolving ecosystem. Anyone who hadn’t heard about Shiba Inu would soon hear of the token, which followed a similar adoption pattern to Dogecoin, stretching its appeal to reach individuals previously outside of the cryptocurrency market altogether, due also to the sudden publicity brought by an Elon Musk tweet.

Learn more about Shiba Inu ($SHIB) and check the most current cryptocurrency prices on Firstrade.

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