Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject
The most famous meme coin after Dogecoin, Shiba Inu Coin is only the second meme coin, after DOGE, to be among the top 15 cryptocurrencies. Marketed as a Dogecoin killer, Shiba Inu (SHIB) was created by an anonymous cryptocurrency developer in August 2020. SHIB has continued to grow in these 2 years, eliciting positive responses from industry giants such as Elon Musk and Vitalik Buterin.
<p lang=«en» dir=«ltr» xml:lang=«en»>Big thanks to the Shiba Inu community, whose cryptocurrency made these fellowships possible!— vitalik.eth (@VitalikButerin) July 20, 2022
Since its launch, the altcoin has maintained a rivalry with DOGE, even though the latter continues to grab a larger share of the market.
The burgeoning cryptocurrency market proved to be pleasant for SHIB also. The Shiba Inu community’s demand to get the coin listed on Robinhood Markets Inc. had it hitting an ATH of $0.00008845 in late-October 2021.
The second quarter of 2022 proved to be a bloodbath, however, with SHIB suffering. At press time, it was valued at 0.00001198.
As is evident, a sense of community is crucial to the growth of SHIB. Whether it is their demand to get it listed on Robinhood or asking McDonald’s to accept it as a mode of payment, the community has always rallied around the growth of SHIB.
<p lang=«en» dir=«ltr» xml:lang=«en»>I’m getting a Shiba Inu #resistanceisfutile— Elon Musk (@elonmusk) March 14, 2021
It has also become a home to a huge community of NFT artists who focus on the Shiba Inu breed of dogs in their artworks.
“Rather than simply dismissing the hype outright, it’s
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