![]() ![]() He even attested to not owning any $SHIB in a blog post on RYOSHI RESEARCH, titled "I AM RYOSHI." Ryoshi has stated that he has no intentions of coming into the limelight and wishes to preserve the decentralization of the Shiba Inu project. The development of another cryptocurrency on Shiba Inu's Ecosystem, by the name LEASH, is also attributed to Ryoshi. The team or person behind Shiba Inu's creation has remained anonymous (like Bitcoin's Satoshi Nakamoto), only being identified as Ryoshi. There are also claims of a whale wallet controlling most of the tokens, which is terrible for cryptocurrencies. The anonymity of its creator, as well as its absence of real-world value, are also critical points that withhold its presence in the minds of risk-wary investors. As a meme coin, it is always portrayed in the light of pump and dump, and as such, investors are unwilling to take such bargains. Shiba Inu's criticisms have stemmed from the point of its purpose. # The Biggest Criticisms Shiba Inu Has Had But as a meme coin, its downward surges have been as critical as well. Other notable claims from Shiba Inu include its NFTs–shiboshis and its listing on Robinhood.Īll these notable events, directly or indirectly, saw Shiba Inu plummet in October 2021, with a market capitalization that surpassed Dogecoin's own-it skyrocketed into the top 10 cryptocurrencies. It is also worth noting that Ryoshi, Shiba Inu's creator burned 50% of Shiba Inu tokens by giving them to Ethereum's co-founder, Vitalik Buterin, who donated them all out to charity causing a downward spike in the meme coin's price. ShibaSwap encouraged investors to HODL $SHIB for long periods to reap the rewards. And Elon Musk, being the influential man he is, led a large crowd to Shiba Inu and kickstarted a 300% price increase through a tweet.Īnother factor would be the launch of ShibaSwap decentralized exchange. This action caused an uproar as crypto enthusiasts felt that Elon Musk was switching his loyalty over to Shiba Inu. In early 2021, Musk gave some backing to Bitcoin's altcoin, Dogecoin, and they were even adopted as a means of payment for the purchase of Tesla vehicles.īut a few months later, Elon Musk released some cryptic tweets regarding owning a puppy of the Shiba Inu breed. One of such is Tesla and SpaceX CEO Elon Musk. ![]() And although there is no particular reason for this surge and popularity, several factors have directly contributed to its fame. Shiba Inu has been known as one of the hottest meme coins on the planet over the last few months. As we see, it took up the same dog breed Dogecoin had as its symbol, clearly positioning itself as a "Dogecoin killer," as it is fondly called. Shiba Inu was made to be an antagonist to Dogecoin. And just like most coins at the time of Shiba Inu's creation, it was built on Ethereum Blockchain Network. It was developed as an experiment on the Shiba Inu Ecosystem. With today’s announcement, he has lived up to his promise and Bitpay will be launched for online AMC purchases by March 19th, or maybe “a few days earlier”.Shiba Inu was created in August 2020 by an anonymous entity known as Ryoshi. At the time, Aron reworked the timeline and confirmed that theaters will be ready to accept payment in the form of cryptos in the first quarter of 2022. Should we strive to take Shiba Inu too?Īfter the poll, Aron was able to convince Bitpay to begin accepting SHIB, solely upon his request. #Bitpay shiba inu codeTWITTER POLL #2: As you know, you can now purchase AMC gift cards using cryptocurrency, and our IT group is writing code so that soon we can accept online payments in Bitcoin, Ethereum, Litecoin and Dogecoin among others. He wanted SHIB to be a payment option for AMC too, and to see how the community felt about the matter, he took it to a twitter poll: But for the CEO of AMC, that wasn’t enough. In November of 2021, AMC theatres had already announced that they would be accepting Bitpay by the end of the year, which currently supported Bitcoin, Dogecoin, Litecoin, and Bitcoin Cash. ![]() However, Bitpay hasn’t always accepted SHIB, its actually a new form of payment that was recently added, and Adam Aron is the reason why. The two top-dog meme coin armies can rejoice today, as Bitpay accepts both Dogecoin ( $DOGE) and Shiba Inu ( $SHIB). The CEO of AMC, Adam Aron, just announced that Bitpay will be live for AMC online payments on their website by March 19th. AMC doesn’t discriminate against the top two meme dog coins the CEO has announced that Shiba Inu and Dogecoin will be accepted as payment options by March 19 th. ![]()
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