What is the Shiba inu, this
cryptocurrency whose
prices are reaching record
highs?
The Shiba inu is a cryptocurrency that takes its name from a breed of Japanese dogs. The price of this virtual currency has risen sharply in recent weeks. It has jumped by 777% in the last thirty days. Here is everything you need to know aboutt his new currency. A dog from Japan with a red and white coat, small eyes and triangular ears.. The shiba inu is very popular on the internet where this canine is the subject of countless "memes", these humorous images that are available in envy.
Shiba inu is also the name of a cryptocurrency whose value has risen sharply in recent weeks, jumping 777% over the past 30 days, according to the American magazine Fortune, specializing in financial news. This Thursday, October 28, 2021, the value of the Shiba inu reached its record, according to the specialized site Coinmarketcap around 0.00008841 dollars (the price has since fallen slightly). Or around € 0.000076! It is very little, but they are still figures never reached, for this cryptocurrency.
What is the Shiba inu? The Shiba inu is a cryptocurrency, like Bitcoin , the most famous of them. Like these other virtual currencies, it relies on blockchain , a technology that allows, among other things, to keep track of a set of transactions in a secure, decentralized and transparent manner. It uses the same blockchain as ethereum, one of the most popular virtual currencies, specifies the American television channel CNBC.Like other cryptocurrencies, it is decentralized, independent of any central bank. Read also: Who is Vitalik Buterin, this creator of a cryptocurrency who became a billionaire at 27? What is his story ? This virtual currency was born in August 2020, it was created by an Internet user whose pseudonym is "Ryoshi", of whom we know.. very little.
This cryptocurrency was presented very early on as being the "killer of Dogecoin" indicated the Fortune revievw as early as May 2021. Dogecoin ? It is another cryptocurrency, whose universe also refers to that of shiba inu dogs, and whose price has risen sharply in recent months. In May, Vitalik Buterin , co-founder of the cryptocurrency Ethereum, made a large donation in Shiba inu to India's Crypto Covid Relief Fund, an Indian organization whose goal is to raise funds, in cryptocurrency, to fight against the coronavirus crisis, notes the American media Business Insider. (a gift difficult to estimate, the price of cryptocurrencies constantly evolving). Why is it increasing so much? It's hard to say why the Shiba inu is experiencing such a boom. But the rise in the price of the currency comes as an online petition concerning it is a great success, notes the American television channel CNN This involves asking the American company Robinhood, a financial services company, to allow users of its platform to buy or sell Shiba inu. It has collected more than 380,000 signatures. But that's not all: the increase in the price of Shiba inu is also linked to the fact that many people buy this cryptocurrency, Business Insider further indicates. This mathematically increases its price, according to the laws of supply and demand.