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The Shiba Inu coin was created anonymously in August 2020, under the pseudonym "Ryoshi". This meme cryptocurrency quickly gained traction and value as an investment community was struck by the coin's "cute charm" as well as tweets from the likes of Elon Musk and Vitalik Buterin. Shiba Inu aimed to become the Ethereum-based counterpart of Dogecoin's mining algorithm, which is based on Srypt. Shiba Inu and the SHIB token are part of a brood of dog-inspired cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token ( LASM). These tokens attracted many investors who missed Dogecoin's bull run, which reached $0.75 from a valuation of $0.0002. Once upon a time there was a very, very special little dog. That little dog was a Shiba Inu, and he inspired millions of people around the world to invest money in coins bearing his effigy. According to the SHIBA INU website, SHIB is “THE DOGECOIN SLAYER” and will be listed on the proprietary exchange ShibaSwap, a decentralized exchange.