What is Shiba Inu (Shib)?

The Shiba Inu token is a doggy-themed cryptocurrency that everyone is barking about. Here’s what you need to know about SHIB. Shibu Inu coin isn’t new, and saw its first surge alongside dogecoin (DOGE) in 2021 as the Wallstreetbets subreddit breathed new life into meme coins, especially ones with dogs as icons.

Is Shiba Inu overtaking Dogecoin?

On Oct 28th, 2021, the cryptocurrency reached an all-time-high price of $0.000084. That was a +150,000,000% increase from when it was launched in August 2020. Looking at the overall chart, Shiba Inu grew at a faster rate and have overtaken Dogecoin in terms of market cap.

What is Shiba swap?

ShibaSwap is the coin's designated DEX that started as a fork of Sushiswap that has, in the words of Ryoshi, its "own little twists and elements." Furthermore, Shiba Inu also plans to develop SHI, which will be the "global exchange of value for plebs," an algorithmic stablecoin pegged to one cent instead of one dollar as most other stablecoins.

What happened between Shiba Inu and ether?

Ether reached a local high while shiba inu continues its momentum from Sunday, the memecoin jumped 15% in the past day. The global crypto market cap is above $1 billion as cryptocurrencies stay in the green. The ongoing feud between crypto titans may have rubbed off on the broader market, with Dogecoin and Shiba Inu hit badly.