A beginner's guide to Shiba Inu, the meme-based cryptocurrency
June 19, 2025 (Investorideas.com Newswire) Shiba Inu is one of the most fascinating projects in the crypto space, as it started as a joke and became a multibillion-dollar ecosystem, with an increasing number of applications and a passionate community. Whether you are only getting started with crypto or are already an experienced investor, Shiba Inu provides a glimpse into the potential of community-driven initiatives. With its cute dog logo and loyal fanbase, SHIB has made a name for itself in the crypto landscape and still captures the attention of those within the crypto community, which is reflected in shib news today, as many analysts are making predictions about its future performance. If you're interested in learning more about this meme coin, continue reading as we delve into what Shiba Inu is, how it works, and more.
Understanding Shiba Inu
Launched in August 2020 by someone known as Ryoshi, Shiba Inu is the first token which is entirely run by its community and has the goal of creating a decentralized standard. According to the Woofpaper of the token, cryptocurrencies that can't maintain independence are fragile and hence, may not be able to last long. Starting with nothing, the Shib Army (the meme coin's community) has been attempting to figure out if decentralization indeed works when a coin lacks funding, a centralized team and direct leadership.
SHIB is Shiba Inu's native token, and after its launch, Ryoshi sent half of the token's supply to Vitalik Buterin, Ethereum founder, while the remaining of 50% is locked for liquidity on a decentralized finance platform named Uniswap. Buterin decided to burn 90% of the SHIB tokens, which were worth roughly $6.7 billion during that time, while the remaining 10% were sent to an India COVID-19 relief.
How Shiba Inu works
Shiba Inu has started as a meme coin but evolved into a complete ecosystem, which now provides different use cases. It operates on a layer-2 blockchain known as Shibarium, which is based on Ethereum, and leverages smart contracts to enable decentralized applications and services. Shibarium was launched in August 2013 and is designed to effortlessly interact with the layer-1 Ethereum blockchain, offering a more cost-effective and scalable transaction platform. It is created to address some of the fundamental issues of Ethereum, such as its slow transaction times and expensive gas fees.
The broader Shiba Inu ecosystem supports many projects, including an NFT art incubator and ShibaSwap, a decentralized exchange that allows users to trade ERC-20 tokens, including SHIB. The exchange is built on the Fantom and Ethereum networks, with ShibaSwap enabling users to stake SHIB, swap it for other tokens, and offer liquidity.
Exploring Shiba Inu's unique characteristics
Shiba Inu is unique because it is run by the Shiba Inu community, which strongly believes in a decentralized system that takes control away from centralized authorities. According to the Woofpaper, through collective decentralization, it is possible to build something better than what a centralized team could ever create.
Notably, Shiba Inu started from zero with zero: it didn't have any direct leadership or funding, and instead, it attempted to see if decentralization can function when it is entirely driven by community. Shiba Inu has launched an initiative that uses the Amazon Smile functionality to collect and distribute some of the Amazon purchases in the form of donations to the Shiba Inu Rescue Association. The purpose behind this is to assist the dogs, which can be daunting for new owners.
Beyond the community aspect, Shiba Inu is used for payments between one user and another, or as a payment method at companies that accept the token. It can be used for trading, and payments, and also to create NFTs and participate in the metaverse.
What is going on with Shiba Inu right now?
At the moment of writing, Shiba Inu is trading at $0.000015, and according to the data, it remains among the top 20 cryptocurrencies by market capitalization. The meme coin's trading volume fluctuates between $200 million and $300 million, which illustrates that retail interest is active. But Shiba Inu is still far from its all-time high in 2021. Recently, there's been a slowdown in the development of new wallets for SHIB, with the number of active addresses decreasing by more than 20% compared to the same time last year. This drop may be a sign that short-term traders are decreasing exposure while long-term holders keep their positions. These patterns often occur when tokens move from speculation to consolidation.
Some analysts suggest that SHIB's future performance may depend a lot on t its Layer 2 network adoption. If it gains traction, supporting real user activity, SHIB will likely reach its $0.00002 range. Other analysts believe that it will take more time for Shiba Inu to see upward momentum. In the current context, investors are paying attention to whether SHIB and other similar tokens can provide functionality beyond community hype and trading.
So, should you invest in Shiba Inu?
Whether Shiba Inu is a good investment depends on different factors, ranging from the project's development and market conditions to your investment goals. Its community support and ecosystem development as well as low entry price make SHIB an appealing choice for investors, but it's essential not to overlook the downsides. Like many cryptocurrencies, Shiba Inu experiences high volatility, and price swings can be extreme, which makes the meme coin a risky investment. Furthermore, it's important to remember that SHIB's value is largely driven by speculation, which makes it challenging to predict how it will perform in the long run.
Overall, if you believe in Shiba Inu's potential and its community, and you are willing to take the risks that it involves, you may want to add it to your portfolio. But if you decide to buy the meme coin, remember to conduct detailed research, keep an eye on developments, and assess your risk tolerance, as this will help you make informed investing decisions.
The bottom line
It's challenging to predict the future of any cryptocurrency, but one thing is clear: Shiba Inu has established its position as one of the top meme coins to buy, due to its unique characteristics. And its development team keeps expanding the ecosystem with projects, which will likely play a role in shaping its future.
That said, staying cautious is paramount, as Shiba Inu faces challenges despite its impressive success throughout the years.
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