What is Shiba Inu (SHIB) and why is it popular?

[Akure]

Shiba Inu (SHIB) is a decentralized meme token that started as an experiment in building community. It's a popular choice among altcoin enthusiasts because of its strong online community, frequent mentions on social media, and low cost, which attracts new crypto investors. Many see it as a "Dogecoin killer," with its ecosystem offering ShibaSwap for staking and NFTs.

 

[Lara]

Shiba Inu (SHIB) is a meme-based cryptocurrency inspired by Dogecoin, gaining popularity due to its viral community support and ambitious projects like ShibaSwap. While it offers high growth potential, it remains highly volatile and speculative.