What Is Shiba Inu (SHIB) in Cryptocurrency?

Shiba Inu (SHIB -1.92%) is a decentralized cryptocurrency and is one of numerous cryptocurrencies that are often categorized as meme coins. These coins are generally inspired by internet trends like widely shared memes. Like many other cryptocurrencies, its value is primarily driven by community engagement and market trends.

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Close-up portrait of a beautiful Shiba Inu dog posing against a background of branches full of blooming apple tree blossoms. — Image source: Getty Images.

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The Future of Cryptocurrency

Explore the evolving landscape of cryptocurrency, including potential futures, regulatory challenges, and investment implications.

How to Invest in Ripple Stock

Ripple Labs is the financial technology company behind the popular cryptocurrency XRP, sometimes called Ripple. Should you invest?

How to Mine Cryptocurrency

Like physical mining, cryptocurrency mining can be difficult, requires large capital expenditures, and is occasionally lucrative.

How Many Cryptocurrencies Are There?

There aren't as many cryptos as stars in the sky. It just seems that way.

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About the Author

Rachel Warren is a contributing Motley Fool stock market analyst covering pharmaceuticals, biotechnology, medical devices, information technology, and consumer goods. Prior to The Motley Fool, Rachel was a paralegal and legal administrator. She holds a bachelor’s degree in paralegal studies from Liberty University School of Law.

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Rachel Warren has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, and Ethereum. The Motley Fool has a disclosure policy.