The Reasons Behind the Rise of Shiba Inu Coins

Rancakmedia.com – Shiba Inu coins suddenly became famous recently, because coins with memes with funny paddles are growing rapidly.

In just a month, the Shiba Inu gained 777 percent. The price is at the level of US$0.0007062 per coin. Its market capitalization reached US$38.116 billion or the 9th highest. The maximum amount of Shiba Inu money circulating on the market is 550 trillion coins.

One of the big admirers of this coin is Elon Musk and Mark Cuban. Shiba is an ether-based alternative coin to Dogecoin.

Many people are wondering who is the figure that brought the Shiba Inu to its current success.

Shiba Inu was created by an unknown person named Ryoshi, which means fisherman in Japanese, in August 2020.

“Attempts to uncover my 'identity' even if successful would be frustrating. I'm just a no-nonsense person who hits the keyboard and I'm replaceable. I'm Ryoshi," he said.

Ryoshi views himself as a gift to himself that will help in the actualization process that is achieved through the blockchain playground.

"No one is in command, no one is in charge, and no organization has the keys to the kingdom," he said.

In his confession, Ryoshi did not own a single penny from the Shiba Inu coin.

Conclusion Regarding the Reasons Behind the Rise of Shiba Inu Coins:

The price is at the level of US$0.0007062 per coin. Its market capitalization reached US$38.116 billion or the 9th highest. One of the big admirers of this coin is Elon Musk and Mark Cuban. The maximum amount of Shiba Inu money circulating on the market is 550 trillion coins.