{"id":9110,"date":"2025-06-12T10:00:57","date_gmt":"2025-06-12T09:00:57","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=9110"},"modified":"2025-06-12T10:01:02","modified_gmt":"2025-06-12T09:01:02","slug":"shiba-inu-price-prediction-buying-guide","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/learn\/crypto\/shiba-inu\/","title":{"rendered":"Shiba Inu (SHIB) : What It Is, How It Works, and What This Memecoin Is Used For in 2026"},"content":{"rendered":"\n
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What is Shiba Inu (SHIB) ?<\/h2>\n\n\n\n

Shiba Inu (SHIB)<\/strong> is much more than just a cryptocurrency inspired by an Internet meme. It’s an ambitious project born from the desire to create a decentralized, community-driven alternative to Dogecoin<\/strong><\/a>, with the explicit goal of becoming the “dogekiller<\/strong>” in the crypto ecosystem.<\/p>\n\n\n\n

Unlike its illustrious predecessor, Shiba<\/strong> isn’t content with just being a meme-based digital currency. The project revolves around a complete ecosystem<\/strong> comprising multiple tokens (SHIB<\/strong>, LEASH<\/strong>, BONE<\/strong>), a decentralized exchange platform (ShibaSwap<\/strong>), and now its own layer 2 blockchain<\/strong> called Shibarium<\/strong>.<\/p>\n\n\n\n

The SHIB<\/strong> token functions as an ERC-20<\/strong> token on the Ethereum blockchain<\/a><\/strong>, thus benefiting from all the security and interoperability of this established network. This technical architecture allows Shiba Inu<\/strong> to easily integrate into the existing DeFi<\/strong> ecosystem while offering possibilities for evolution toward more scalable solutions.<\/p>\n\n\n\n

The project’s visual identity is directly inspired by the Shiba Inu<\/strong> dog breed, the same one that gave birth to the famous “doge” meme. However, unlike Dogecoin<\/strong>, which features a smiling, benevolent dog, the Shiba Inu<\/strong> logo sports a more aggressive-looking animal, symbolizing its ambition to conquer the meme cryptocurrency market<\/strong>.<\/p>\n\n\n\n

The History of Shiba Inu<\/h3>\n\n\n\n

The Shiba Inu<\/strong> journey began in August 2020<\/strong>, at a time when the cryptocurrency market was experiencing a major resurgence of interest. At that time, Dogecoin<\/strong> had already dominated the meme coin sector since 2013<\/strong>, but its anonymous creator Ryoshi<\/strong> identified an opportunity to create something different and potentially more ambitious<\/strong>.<\/p>\n\n\n

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\"Shiba<\/figure>\n<\/div>\n\n\n

The initial launch of SHIB<\/strong> was distinguished by a particularly bold approach: Ryoshi<\/strong> decided to create a total supply of 1 quadrillion tokens<\/strong>, or 1,000,000,000,000,000 SHIB<\/strong>. This astronomical quantity aimed to ensure that each unit remained financially accessible, even for the smallest investors. In a strong symbolic gesture, 50%<\/strong> of this total supply was immediately sent to Vitalik Buterin<\/strong>, the co-founder of Ethereum<\/strong>, creating a de facto “burn” since these tokens were considered lost.<\/p>\n\n\n\n

The first few months following the launch remained relatively quiet, with the price hovering around $0.0000000014<\/strong> per token. This latency period nevertheless allowed the community to structure itself and early adopters to establish their positions at negligible prices.<\/p>\n\n\n\n

The real turning point came in March 2021<\/strong>, when interest in alternative cryptocurrencies<\/a><\/strong> exploded. The price of SHIB<\/strong> then began to show signs of life, reaching $0.00000006<\/strong> by the end of the month. This first significant rise attracted the attention of investors and exchange platforms, marking the beginning of the project’s meteoric rise.<\/p>\n\n\n\n

The year 2021<\/strong> proved to be the year of consecration for Shiba Inu<\/strong>. In May<\/strong>, the token reached an initial peak of $0.000035<\/strong>, multiplying its value by several thousand percent in just a few months. This exceptional performance put SHIB<\/strong> in the spotlight of the entire crypto community and attracted mainstream media attention.<\/p>\n\n\n\n

Who Created Shiba Inu ?<\/h3>\n\n\n\n

The identity of the Shiba Inu<\/strong> creator remains one of the most fascinating mysteries in the crypto ecosystem<\/strong>. Known only by the pseudonym Ryoshi<\/strong> (which means “fisherman” in Japanese), this enigmatic figure chose to remain completely anonymous, thus following the tradition established by Satoshi Nakamoto<\/strong>, the creator of Bitcoin<\/a><\/strong>.<\/p>\n\n\n

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\"Cr\u00e9ateur<\/figure>\n<\/div>\n\n\n

Ryoshi<\/strong> communicated with the community primarily through posts on Medium<\/strong> and interactions on social media, sharing his vision of a decentralized and community-driven ecosystem. In his writings, he clearly expressed his ambition to create something that goes beyond the simple concept of a meme coin, envisioning a true ecosystem capable of competing with established projects.<\/p>\n\n\n\n

Ryoshi’s<\/strong> philosophy is characterized by a resolutely decentralized<\/strong> approach. Unlike many crypto projects where founders retain significant control, Ryoshi<\/strong> deliberately chose to distribute power within the community. This approach is manifested notably by sending 50%<\/strong> of the total supply to Vitalik Buterin<\/strong> and by the progressive renunciation<\/strong> of the project’s control keys.<\/p>\n\n\n\n

In May 2022<\/strong>, Ryoshi<\/strong> made a surprising decision that marked a turning point in the project’s history: he deleted all of his social media posts and permanently withdrew from public communication. In a final message, he explained that his mission was accomplished and that the project should now live autonomously, carried by its community.<\/p>\n\n\n\n

This voluntary disappearance<\/strong> paradoxically reinforces the project’s credibility by demonstrating its creator’s commitment to decentralization. It also places Shiba Inu<\/strong> in a particular category of “orphaned” but autonomous crypto projects, similar to Bitcoin<\/strong> after the disappearance of Satoshi Nakamoto<\/strong>.<\/p>\n\n\n\n

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What is SHIB Crypto Used For ?<\/h2>\n\n\n\n

The SHIB token<\/strong> fulfills several essential functions within the Shiba Inu<\/strong> ecosystem, far exceeding the simple status of a meme coin to become a true multi-purpose utility. This versatility is one of the project’s major assets and partly explains its resilience to market fluctuations.<\/strong><\/p>\n\n\n

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\"SHIB<\/figure>\n<\/div>\n\n\n

The primary function of SHIB<\/strong> lies in its role as a decentralized governance token<\/strong>, allowing holders to participate in important decisions regarding the evolution of the ecosystem.<\/strong> This participatory governance directs the project’s development according to the wishes of its users, thus reinforcing the community aspect that characterizes Shiba Inu<\/strong>.<\/p>\n\n\n\n

Within ShibaSwap<\/strong>, the ecosystem’s decentralized exchange platform<\/strong>, SHIB<\/strong> serves as a base token<\/strong> for numerous operations. Users can use their SHIB<\/strong> to provide liquidity to trading pools, an activity rewarded with BONE<\/strong> tokens. This yield farming<\/strong> mechanism allows SHIB<\/strong> holders to generate passive income while contributing to the platform’s liquidity.<\/p>\n\n\n\n

Staking<\/strong> represents another major utility of SHIB<\/strong>. Holders can “bury” their tokens on ShibaSwap<\/strong> to receive xSHIB<\/strong>, tokens representing their staking participation. This operation not only secures the network but also allows for regular rewards, creating an economic incentive for long-term holding.<\/p>\n\n\n\n

With the advent of Shibarium<\/strong>, SHIB<\/strong> acquires new utilities as a fee token for certain operations on this network, although BONE<\/strong> plays the main role of gas token. The Shiba Inu<\/strong> NFT ecosystem<\/a><\/strong> also constitutes an important use case, with SHIB<\/strong> being used to buy and sell NFTs<\/strong> on dedicated marketplaces<\/strong>, notably the Shiboshis<\/strong> collections.<\/p>\n\n\n\n

Commercial partnerships<\/strong> developed by the community allow SHIB<\/strong> to be used as a payment method in a growing number of online and physical stores. Finally, SHIB<\/strong> plays a crucial role in the burn<\/strong> mechanisms implemented by the community to progressively reduce the circulating supply<\/strong>, creating a deflationary pressure potentially beneficial for the price.<\/p>\n\n\n\n

How Does the Shiba Inu Network Work ?<\/h2>\n\n\n\n

The technical architecture of Shiba Inu<\/strong> is based on a hybrid approach that combines the security of Ethereum<\/strong> with the advantages of Shibarium<\/strong>. The SHIB token<\/strong> functions as an ERC-20 token<\/strong> on Ethereum<\/strong>, inheriting all the security features of this established network.<\/p>\n\n\n\n

Since Ethereum’s<\/strong> transition to Proof of Stake<\/strong> in September 2022<\/strong>, the Shiba Inu<\/strong> network benefits from this more “ecological” and efficient consensus mechanism<\/strong>. This technical evolution presents several advantages: reduced energy consumption and improved transaction finalization times.<\/p>\n\n\n

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\"Shibarium<\/figure>\n<\/div>\n\n\n

Shibarium<\/strong> represents the most significant evolution of the ecosystem since its creation. This layer 2<\/strong> blockchain uses a sidechain<\/strong> architecture compatible with the Ethereum Virtual Machine (EVM)<\/strong>. Launched in August 2023<\/strong>, Shibarium<\/strong> can process several thousand transactions per second with near-zero fees.<\/p>\n\n\n\n

The network relies on an adapted Proof of Stake<\/strong> model, using the BONE token<\/strong> as fuel. Interoperability between Ethereum<\/strong> and Shibarium<\/strong> is ensured by a system of bridges<\/strong> allowing assets to be transferred between the two networks. Currently, Shibarium<\/strong> has more than 2 million addresses<\/strong> and processes more than 4 million daily transactions<\/strong>.<\/p>\n\n\n\n

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Advantages and Disadvantages of Shiba Inu (SHIB)<\/h2>\n\n\n\n

Let’s now look at the strengths and areas for improvement of Shiba Inu.<\/p>\n\n\n\n

The 5 Main Advantages<\/h3>\n\n\n\n