Shiba Inu (SHIB): Exploring the Rise of the Dogecoin Alternative

Shiba Inu (SHIB) has rapidly gained popularity as an Ethereum-based cryptocurrency featuring the Shiba Inu dog breed as its mascot. Launched in August 2020 by an anonymous entity known as Ryoshi, SHIB is often touted as the "Dogecoin killer," positioning itself as a viable alternative to the well-known meme coin, Dogecoin. Both SHIB and Dogecoin fall under the category of meme coins, characterised by their association with internet memes and humorous themes. While Dogecoin was established in December 2013, SHIB entered the market with fervor, capitalising on the growing interest in meme-driven cryptocurrencies. Despite their origins as parodies or jokes, these meme coins have attracted significant attention from crypto enthusiasts worldwide, contributing to the dynamic and diverse landscape of the cryptocurrency market.