What is SHIBA INU or SHIB?

This digital coin was created in August 2020, which makes it one of the newest in the cryptocurrency environment. Dubbed the “DOGECOIN KILLER”, it actually built on the popularity of that coin, which uses the same lovable dog as I can. The irresistible appeal of the canine ensured its immediate success, while its lasting appeal can also be linked to tweets from Elon Musk and Vitalik Buterin.

Online casinos are usually quick to jump on the bandwagon and many accept cryptocurrencies. Shiba Inu didn’t enjoy the same attention right from the start, because of its perceived volatility. Investors loved it and many hope that it will enjoy the same meteoric rise as Dogecoin. The other dog-themed cryptocurrency increased its value more than 1000 times, so many investors missed out.

Why is SHIBA INU Special?

Even though this cryptocurrency doesn’t get too much love from the online casino industry, it has tremendous potential. It is easy to monetize by NFT investors, which means that it is appealing for a fast-growing industry. Over the Internet, and the lovable personality of the doll, as well as the multitude of ongoing campaigns, has led to a surge in its popularity.

One of the particularities of Shiba Inu is that there’s a huge amount of coins in circulation. The owners decided to lock away 50% and burn the other half to Vitalik Buterin, who burned 40% of the amount himself. These unpredictable moves have sent shockwaves throughout the cryptocurrency industry and rose many questions. Even so, the coin hit an all-time high in May 2021 before entering the dive.