Earlier this year, billionaire entrepreneur Elon Musk threw his weight behind Dogecoin, a meme coin that was launched as a joke on the rise of Bitcoin in 2013. The support propelled the once-obscure cryptocurrency into the mainstream and it had one of the best runs of its lifetime. This rise fuelled interest in another coin that was based on the same Japanese breed dog meme that Dogecoin appropriated earlier. This coin was named Shiba Inu. The creators of Shiba Inu have touted it as the “Dogecoin killer”.
Shiba Inu was created in August 2020 by an anonymous person or a group of persons known as “Ryoshi”. But it remained relatively unknown until a few months ago when
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