Shiba Inu which is also popular in the community as Shib is one of the famous crypto tokens in the world of cryptocurrencies.
The token gained popularity in the year 2021.
Many individuals are still curious about things like:
- How did this token become so popular?
- What were the events that drew people’s attention to him?
- How did its popularity soar in such a brief amount of time?
We’ll give you the whole tale of it today and explain why this token is so well-known.
How Shib Inu attracted every investor, media outlet, and internet user.
What kind of sorcery did it perform to win first place in prestigious publications and make headlines in practically all newspapers?
Why is it so popular particularly among beginners?
Why Shiba Inu Is So Popular?
There are several reasons for this.
On the one hand, it made people millionaires and even billionaires in a very short period of time.
The money of the people sank.
On the other hand, many people consider it the last and easiest way to make their dreams come true and achieve their goals.
So let’s start and try to review it from every angle.
First, we will see what is Shiba Inu and who founded it.
What is Shiba Inu?
Shiba Inu is a meme coin ( cryptocurrency) known as the “dogecoin killer”.
The project was developed by the anonymous called “Ryoshi’.
Just like bitcoin, the founder of Shiba Inu is anonymous.
The Shiba Inu coin is based (developed) on the Ethereum blockchain.
It was established and introduced in 2020. However, the first year didn’t go well, and that same year, the price dropped to its lowest level.
Because of that, it was hard to predict that it would surprise the entire world the next year with its historical popularity, all-time high price, and massive adoption by the people.
2021 had been an explosive year for Shiba Inu, and it was involved in some unbelievable events.
The meme coin made millionaires, touch an all-time high price, got several thousands of holders, and played a key role in crypto adoption due to these events.
It is now the 14th largest cryptocurrency with a $6 billion market cap. And the number of Shib holders crossed 1 million in 2022.
Some investors made astronomical and unbelievable profits and made them billionaires.
People who had not even heard the name of the crypto, too were so inspired by hearing the inspirational stories of Shiba Inu that most of them became investors and started buying it in droves.
At the time of publication, in the middle of a struggling bear market, Shiba Inu is trading at $0.00001084.
How Shiba Inu Got Famous?
First of all, we will talk about the stories which contributed the most considerable, and significant role in the popularity of Shiba Inu.
1- Two Brothers Of New York
The first story is about two brothers from New York who invested $8000 dollars. And later, this small amount turned into the most profitable investment of their life as they got over $ 9 million dollars in a few months.
This news became the adornment of many newspapers.
2- From $17 to 6.5 Million Dollars
Another interesting story is of an investor who bought almost 200 billion Shiba tokens in October 2020 for just $17. Fortunately, as the market went up high, he made almost $6.5 million from those tokens.
And it became a very successful investment for early investors who made mind-boggling money in a very short period of time.
3- Not Millions, Shiba Billionaire
A holder bought a Shiba Inu token worth $8000 and later it turned into $5.7 billion. Surprisingly, it took only 400 days to reach that level.
Mount Everest from a small rock was motivational, inspirational, and attractive.
This was anonymous and hide its name.
The news was enough to turn the minds of the beginner toward this industry.
Shiba Inu become the second name of cryptocurrency as all the beginners were investing in this meme coin right in.
4- Elon Musk Effect
Dogecoin, whose progress, and achievements go to Elon Musk, has invested heavily in this meme coin.
But did Elon Musk also play a role in the popularity of Shiba Inu?
The answer is yes.
Elon Musk, on the one hand, announced that he has not invested in the Shiba Inu token.
But he created a new controversy by announcing this and it was a trending debate on the media.
And this debate made the Shiba Inu even more popular amongst media sources.
Blogs, YouTube, newspapers, and everywhere else, this news made the headlines.
5- Famous Youtubers
YouTubers also added and contributed to Shiba Inu’s growing popularity.
They not only made videos on Shiba Inu but many also invested in it to gain profits.
And because of the investment, it was imperative to create content around it and push this coin for more progress.
This resulted in thousands of videos on this token on Youtube being produced.
And among the thousands of videos made on any token, Shiba Inu is the most famous token on Youtube.
Without a doubt, Shiba Inu is a token that is still a beacon of hope for man investors.
They are hoping that in the next few years it will go to one dollar or maybe 10 cents, making them rich without doing anything extra.
Only time will tell this, and there are still doubts about it.
But the Shiba will no doubt be even more popular and will have more holders than any other coin in the world.