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Shiba Inu’s network also boasts a DEX called ShibaSwap and an NFT incubator called the Shiba Incubator. The project has evolved from the SHIB decentralised meme token into an ecosystem that incorporates the LEASH and BONE tokens. Buterin also sent 40% of Shiba Inu’s total supply to a “dead wallet”, which is also referred to as burning, according to Shiba Inu’s website. In July 2021, Buterin donated 50 trillion SHIB coins, which represented 5% of its total supply, to India’s Covid-19 relief fund. 50% of the total supply was locked in the Ethereum-based DEX Uniswap while the other half was sent to Ethereum co-founder Vitalik Buterin “for safekeeping”. Shiba Inu is built on the Ethereum ( ETH ) network and its native token SHIB is an ERC-20 token.Īccording to its website, Shiba Inu initially had a supply of one quadrillion tokens. This year has proven extremely difficult but a recent move has seen large wallet investors on the Ethereum blockchain scoop up over 855 billion Shiba Inu tokens – frequently seen as a sign that a bullish trend is around the corner. Coins themed around the Shiba Inu dog breed gained popularity in 2021 as investors looked for the next multi-bagger crypto to invest in. The so-called meme coin is a play on the Dogecoin ( DOGE) meme, which is itself a parody on the cryptocurrency space. What is the future of Shiba Inu coin? Should you buy now to make gains in the future, or should you sell the coin short, attempting to profit from a further fall? In this article we look at the token’s recent performance and the latest Shiba Inu projections to help inform your trading strategy. Developers are also working on a layer-2 solution for the network to cut its dependence on the Ethereum network. The Shiba Inu ecosystem has launched a decentralised exchange ( DEX) and a non-fungible token ( NFT) incubator in recent months, in a bid to give the SHIB token some much-needed utility. The Shiba Inu token ( SHIB) is trying to regain its strength after hitting eight-month lows in mid-June amid the wider collapse in cryptocurrency prices, but recovery for now, seems fleeting. Shiba Inu price prediction for 2022 and beyond.Outlook: What does the future hold for Shiba Inu?.Price action: Shiba Inu the ‘Dogecoin Killer’.US30 US Wall Street 30 (USA 30, Dow Jones)