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After Bitcoin appeared, many new cryptocurrencies offered alternatives in terms of how they are used. The likes of Ethereum added new real-world functions and services. And there is also Dogecoin, a cryptocurrency influenced by internet memes that were created.
As the “joke” approach goes on, a Dogecoin-inspired cryptocurrency was born — Shiba Inu (SHIB) coin.
The SHIB coin is a meme-based cryptocurrency that uses the Japanese Shiba Inu dog breed for its logo. SHIB started gaining attention during the bullish market of spring 2021 but the real momentum gained after Elon Musk’s SNL appearance.
Let’s take a look at some of the features such as the coin’s background, goals, and functionalities so that you can get a better idea if SHIB is a good investment for you.