Sunday, June 22, 2025
Distribution: (800) 510 0384
Washington DC
New York
Toronto
Press ID  
  • Login
The Hudson Weekly
  • Financial
  • Blockchain
  • Technology
  • Entertainment
  • Lifestyle
  • Arts
  • Health
  • Sports
  • Cybersecurity
No Result
View All Result
  • Financial
  • Blockchain
  • Technology
  • Entertainment
  • Lifestyle
  • Arts
  • Health
  • Sports
  • Cybersecurity
No Result
View All Result
The Hudson Weekly
No Result
View All Result

Is Shiba Inu the Dogecoin Killer?

Craig Richer by Craig Richer
March 13, 2025
in Blockchain
A A
Is Shiba Inu the Dogecoin Killer

© Freepik

Share on FacebookShare on Twitter

Meme coins, driven by community engagement and cultural narratives, have rapidly grown in the Web3 ecosystem, making it less intimidating and more fun. For savvy investors, this can provide the opening to capitalize on price volatility. Traders may engage in arbitrage opportunities, where they buy a meme coin at a lower price on one exchange and sell it at a higher price on another. Equally, they may tactically rebalance their portfolios to include a higher proportion of digital assets. No risk, no gain.

Shiba Inu (SHIB) has established itself as one of the most prominent meme coins. What started out as a playful joke evolved into a thriving ecosystem worth billions, which empowers a tight-knit community with utility-based tokens and decentralized finance products. Often compared to Dogecoin, SHIB solves issues like trust and decentralization. The Shiba Inu Coin competes with Dogecoin by creating solutions to its limitations, and whether it will ultimately “kill” Dogecoin remains to be seen. To stay updated on this competition, it’s recommended to follow daily crypto news.

HudsonNewsroom

7 Key Considerations When Looking for a Crypto Wallet

Launching AI-Powered ICO: Why Early Investors Are Paying Attention

Securing Crypto Assets Is Becoming a Must

Shiba Inu Earned The Nickname “Dogecoin Killer” For Good Reason

Shiba Inu was founded in August 2020 by an anonymous person or group of people using the pseudonym “Ryoshy.” A recent theory suggests that Ryoshi could be a combination of two individuals – Ryo Suzuki and Tsuyoshi Maruyama – both of whom have connections to B2C2, one of the largest liquidity providers in crypto assets. The SHIB project was launched as an experiment in decentralized community building and tokenomics, largely inspired by Dogecoin. The fanbase, referred to as the “ShibArmy,” has consistently grown.

Initially launched as an ERC-20 token on the Ethereum blockchain, the meme coin later transitioned to Shibarium, a Layer-2 solution that offers faster transaction speeds, lower fees, and increased utility. Leveraging a unique consensus algorithm, Proof of participation (PoP), the blockchain is very efficient. All nodes try to do their best work. They don’t need very powerful hardware to carry out their activity. Smart contracts allow SHIB to support decentralized applications (DApps) and additional features, like ShibSwap, a decentralized exchange (DEX).

Shiba Inu Coin was introduced as a rival to Dogecoin or “Doge-killer.” Even now, it’s viewed as a substitute for Dogecoin, and there are several reasons for this, such as:

  • It processes transactions much faster: Block time affects the speed and efficiency of transactions, and block times aren’t the same for every cryptocurrency. Dogecoin has a block confirmation time of one minute, and it typically processes 33 transactions per second. Shiba Inu boasts a block time of just 21.55 seconds, and it can process up to 200 transactions per second.
  • It has an enormous supply: The current circulating supply of Dogecoin is 148.11 billion. By contrast, Shiba Inu has a circulating supply of 589,253.82 billion. The higher the number, the better, as it influences value, stability, and even trust.
  • It has a better chance of increasing in value: Market cap indicates growth potential and whether a meme coin is safe to buy compared to others. Dogecoin has a market cap of $37.60 billion, whereas Shiba Inu is valued at a market cap of $9.08 billion. Because of its size, investing in SHIB can lead to big profits. It’s a chance to multiply your investment by x100 (or more).

Provided its decentralized finance (DeFi) ecosystem takes off, Shiba Inu could outperform Dogecoin in the long run.

Everything You Need To Know About The Shiba Inu Ecosystem

The ever-evolving Shiba Inu ecosystem has drawn attention owing to its singular origins and rapid growth. Elon Musk has been positive about SHIB, though it’s not part of his investment portfolio. In March 2021, he wrote on his official X (formerly Twitter) profile that he is getting a Shiba Inu, which helped boost the price of the meme coin by 300%. Back on topic, the key components of the Shiba Inu ecosystem are:

The SHIB, BONE, And LEASH Tokens

Shibarium invites users to explore, build, and connect within the blockchain-driven digital space. SHIB is the native token of the Shiba Inu ecosystem, functioning as a store of value and medium of exchange. BONE is a governance token used to vote on proposals, make decisions, and influence the future of the project; the more BONES you have, the more weight your vote carries. And lastly, LEASH, initially designed to track Dogecoin prices, provides extra benefits, such as access to metaverse sales, NFT minting possibilities, and liquidity rewards.

The ShibaSwap Exchange

As the name clearly suggests, ShibaSwap facilitates the trading of SHIB, BONE, and LEASH tokens, and it has lots of features that come with very funny names. Dog Park, for instance, legitimizes third-party community products in the metaverse. The history of all your staking, trading, and ROI can be found here. ShibaSwap provides many of the same functions you would find on decentralized exchanges, with the addition of staking, governance, and a Shibosis NFT marketplace.

The Shiba Inu NFTs

The Shibosis is a collection of 10,000 NFTs launched by the project developers, written on the Ethereum blockchain. These NFTs have various characteristics that make them unique. For example, Laser Eyes is highly sought after by collectors and enthusiasts alike; the Shibosi possess enhanced vision (and other special powers) in the metaverse. You can purchase and hold Shiba Inu NFTs at ShibaSwap without fees. Shibosis can be named and renamed, and each name costs $100. Shibosis will soon become playable heroes in a blockchain game.

So, What’s Next For The Dogecoin Killer? Will Shiba Inu Have A Future?

The success of Shiba Inu has been remarkable. Unlike standard cryptocurrencies that aim for technological innovation, SHIB embraced an identity as a meme coin, and its community is the prime value driver. The Shib, an online newsletter, breaks down the top news and events in a clear, concise, and engaging manner. It’s an excellent way to stay plugged in. LEASH provides early access to upcoming projects like games. Shiba Inu’s ambitious roadmap may drive future engagement, so we have something to look forward to.

Craig Richer

Craig Richer

Newsroom Editor

More from HW Newsdesk

7 Key Considerations When Looking for a Crypto Wallet
Blockchain

7 Key Considerations When Looking for a Crypto Wallet

June 21, 2025
Launching AI-Powered ICO: Why Early Investors Are Paying Attention
Blockchain

Launching AI-Powered ICO: Why Early Investors Are Paying Attention

June 21, 2025
Securing Crypto Assets Is Becoming a Must
Blockchain

Securing Crypto Assets Is Becoming a Must

June 10, 2025

HW Newsroom

The How-To Guide for Efficiently Managing Grants
Financial

The How-To Guide for Efficiently Managing Grants

by Hayley Chowdhry
June 21, 2025

Managing grants efficiently involves a careful strategy that focuses on planning, execution, and ongoing communication. Nonprofits, educational institutions, and research...

Top Advantages of Implementing Centralized Log Management

Top Advantages of Implementing Centralized Log Management

June 21, 2025
Before You Dig: Key Requirements for Excavation Projects

Before You Dig: Key Requirements for Excavation Projects

June 21, 2025
Reasons Why Real Estate Marketing is Crucial for Agents

Reasons Why Real Estate Marketing is Crucial for Agents

June 21, 2025
How to Handle Tough Questions Like a Pro During Presentations

How to Handle Tough Questions Like a Pro During Presentations

June 21, 2025
Exploring the Role of Betting in Today’s Sports Culture

Exploring the Role of Betting in Today’s Sports Culture

June 21, 2025
The Best Destinations for Solo Travelers Looking to Meet New People

The Best Destinations for Solo Travelers Looking to Meet New People

June 21, 2025
How Early Adopters of Specialized AI Are Winning New Business

Remote Desktop Software for Mac: Top Picks for Enhanced Performance

June 21, 2025
How to Choose the Right Lead Generation Agency for B2B Growth in 2025

How to Choose the Right Lead Generation Agency for B2B Growth in 2025

June 21, 2025
Launching AI-Powered ICO: Why Early Investors Are Paying Attention

Launching AI-Powered ICO: Why Early Investors Are Paying Attention

June 21, 2025
How to Use a Self-Directed IRA to Invest in What You Actually Understand

How to Use a Self-Directed IRA to Invest in What You Actually Understand

June 21, 2025
Chemistry Meets Cannabis: The Science Behind THCA vs. THC

Chemistry Meets Cannabis: The Science Behind THCA vs. THC

June 21, 2025
No Result
View All Result

Headlines

7 Key Considerations When Looking for a Crypto Wallet

The Case for (and Against) Front License Plates

Credit Score Check Tools: Free vs. Paid Options Explained

The How-To Guide for Efficiently Managing Grants

Top Advantages of Implementing Centralized Log Management

Before You Dig: Key Requirements for Excavation Projects

Trending

From Budget to Shingles: A Step-by-Step Guide to Roof Planning
Lifestyle

From Budget to Shingles: A Step-by-Step Guide to Roof Planning

by Dennis Keller
June 21, 2025

Replacing or installing a new roof is one of the most important investments a homeowner can make....

Prioritizing Your Mental Health When Going Through Divorce

Prioritizing Your Mental Health When Going Through Divorce

June 21, 2025
7 Key Considerations When Looking for a Crypto Wallet

7 Key Considerations When Looking for a Crypto Wallet

June 21, 2025
The Case for (and Against) Front License Plates

The Case for (and Against) Front License Plates

June 21, 2025
Do Payday Loans Affect Your Credit Score

Credit Score Check Tools: Free vs. Paid Options Explained

June 21, 2025
  • Kia America представляет цены и захватывающие обновления для Sorento 2025 (ICE)

https://madisongraph.com/kia-america-unveils-pricing-and-exciting-updates-for-2025-sorento-ice/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • Kia Recognized as One of TIME Magazine’s “World’s Most Sustainable Companies of 2024”

https://madisongraph.com/kia-recognized-as-one-of-time-magazines-worlds-most-sustainable-companies-of-2024/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • VinFast Auto Establishes Dealer Advisory Board to Enhance Customer Experience

https://madisongraph.com/vinfast-auto-establishes-dealer-advisory-board-to-enhance-customer-experience/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • Medicare Announces Expansion of Coverage for Microprocessor-Controlled Knees for Lower Mobility Users

https://lincolncitizen.com/medicare-announces-expansion-of-coverage-for-microprocessor-controlled-knees-for-lower-mobility-users/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • GA-ASI Successfully Tests PT6 Engine on MQ-9B SkyGuardian Aircraft

https://lincolncitizen.com/ga-asi-successfully-tests-pt6-engine-on-mq-9b-skyguardian-aircraft/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • U.S. Leading Economic Index Declines by 0.2% in June 2024, Coincident Index Rises by 0.3%

https://fairmontpost.com/u-s-leading-economic-index-declines-by-0-2-in-june-2024-coincident-index-rises-by-0-3/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • USTDA Director Travels to Bulgaria and Romania to Promote Clean, Secure Energy

https://belmontstar.com/ustda-director-travels-to-bulgaria-and-romania-to-promote-clean-secure-energy/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • Police Recommend a Hidden Camera Detector Device to Protect Privacy

https://marketsherald.com/police-recommend-a-hidden-camera-detector-device-to-protect-privacy/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost

© 2025 The Hudson Weekly. Published by The Ritz Herald. Editions: Markets Herald • Lincoln Citizen • Madison Graph • Belmont Star • Fairmont Post

Address: 1177 6th Avenue, 5th Floor, New York, NY 10036. Removals: pr@hudsonweekly.com. Phone: (718) 313-5252. M-F: 9AM-5PM. Privacy Policy

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Financial
  • Blockchain
  • Technology
  • Entertainment
  • Lifestyle
  • Arts
  • Health
  • Sports
  • Cybersecurity

© 2025. The Hudson Weekly