where was shiba inu first listed

Shiba Inu emerged from obscurity as a meme token in 2013, fueled by the success of Dogecoin in 2020 and gained widespread recognition after Elon Musk's endorsement in 2021.

Oct 19, 2024 at 11:48 pm

Shiba Inu: The Journey of a Shiba from Obscurity to Recognition

1. Conception and Creation (2013)

• Shiba Inu, a decentralized meme token, was created by an anonymous developer known as "Ryoshi" in August 2013.
• The token was designed as a satire of Dogecoin, another popular meme currency based on the Shiba Inu dog.

2. Early Years of Obscurity (2013-2020)

• For several years, Shiba Inu remained a relatively obscure token with little market capitalization.
• Its price fluctuated within a few decimal places, and trading volume was minimal.

3. Dogecoin's Success Inspires Shiba Inu (2020)

• In 2020, Dogecoin experienced a surge in popularity, sparking интерес in other meme tokens.
• Shiba Inu benefited from this attention, and its price began to climb.

4. Listing on ShibaSwap Decentralized Exchange (2020)

• In July 2020, Shiba Inu was listed on ShibaSwap, a decentralized exchange created by the token's community.
• This listing provided increased exposure and trading opportunities for Shiba Inu.

5. Debut on Centralized Exchanges (2020-2021)

• In late 2020 and throughout 2021, Shiba Inu gained listings on several major centralized exchanges, including Binance, Coinbase, and FTX.
• These listings significantly increased the token's liquidity and accessibility.

6. Elon Musk's Endorsement (2021)

• In May 2021, Tesla CEO Elon Musk tweeted about Shiba Inu, referring to it as his "fav coin."
• This endorsement sent Shiba Inu's price skyrocketing, pushing it into the top 10 cryptocurrencies by market cap.

7. Media Attention and Public Interest (2021)

• Shiba Inu's meteoric rise garnered significant media attention and public interest.
• Various financial news outlets and social media platforms discussed the token and its potential.

8. Maturation and Ecosystem Development (2022-Present)

• In 2022, Shiba Inu began to mature as a project.
• The community has developed a roadmap for its ecosystem, including decentralized finance (DeFi) services, non-fungible tokens (NFTs), and a Layer-2 scaling solution called Shibarium.

9. Ongoing Trading and Market Value

• As of February 2023, Shiba Inu continues to be actively traded on both decentralized and centralized exchanges worldwide.
• Its market cap fluctuates, but it remains one of the most popular and well-known meme tokens in the cryptocurrency space.