Popular dog-themed coin Shiba Inu SHIB/USD turned 4 on Thursday, marking an exciting journey of ebbs and flows since its launch in 2020.
Popular dog-themed coin Shiba Inu (CRYPTO: SHIB) turned 4 on Thursday, marking an exciting journey of ebbs and flows since its launch in 2020.
One of the highlights is the memecoin’s exponential growth since launch, amounting to a staggering 150,000,000%. The coin soared to an all-time high of $0.00006916 within 15 months of its launch, after which it contracted thanks to an extended bear market.
In comparison, Dogecoin (CRYPTO: DOGE), which was the first and currently the biggest meme coin by market cap, has grown by 3565% in the same period.
SHIB's exponential gains reflect its growing prominence not just in the memecoin space, but in the broader cryptocurrency market. The cryptocurrency project, which initially started as a meme coin inspired by the frenzy around Dogecoin, has expanded significantly to encompass decentralized exchanges and Layer-2 blockchains.
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