Degree Name
Master of Arts
Graduate Program
Economics
Advisor
Gilbert, Scott
Abstract
Bitcoin and Ethereum have been the market leaders in the decentralized market for many years. Shiba Inu, on the other hand, has developed a destructive technology that has altered the working principles of previous coins. As an Ethereum-based alternative to Dogecoin (DOGE), the most popular meme coin, this cryptocurrency is designed to compete. The token differs from Bitcoin in that it was designed to be scarce because it was designed to be abundant, with a total supply of approximately one quadrillion. The token ecosystem also helps projects like Shibaswap, a decentralized exchange platform, and a non-fungible tokens (NFT) art incubator. Over time, the value of the coin has skyrocketed. However, like other cryptocurrencies, their market remains extremely volatile due to fluctuating market prices and the large number of people who own the tokens. The Shiba Inu Coin, one of the newest and fastest-growing cryptocurrencies in recent years, will be the focus of the research article, which will examine the evolution of decentralized cryptocurrency. The study focuses on price, distribution, mass acceptance, and government regulations as factors in its growth. The paper delves into the current literature on decentralized cryptocurrency and its applications in the business world. The study's methods and data are discussed in the next stage, which aims to understand how cryptocurrencies have evolved over time.