Shiba Inu is an Ethereum-based altcoin that features the Shiba Inu hunting dog as its mascot.
It is widely considered to be an alternative to Dogecoin and is touted as “the Dogecoin killer” by its supporters, a community known as the SHIBArmy.
Shiba Inu was created in August 2020 by an individual or group called Ryoshi.
Shiba Inu’s price peaked more than tenfold on Oct. 29, 2021, giving it a market capitalization of $41 billion. Even with a steep drop in market cap to today’s $16 billion (as of Feb. 14, 2022), Shiba Inu still ranks in the top ten among all meme cryptocurrencies by this measure.