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SHIBUSD

Shiba Inu / US Dollar

Industry

Digital Currency

SHIB is a token designed to be an Ethereum-compatible alternative to Dogecoin (DOGE). Like DOGE, SHIB is intentionally abundant — with an initial circulating supply of one quadrillion coins. The Shiba Inu ecosystem also supports projects such as an NFT art incubator and a decentralized exchange called Shibaswap.

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Cryptocurrency markets, including Bitcoin, Ethereum, and Dogecoin, ended the week lower despite strong ETF inflows. Notable statistics show a decrease in large transaction volumes and a significant number of trader liquidations. Analysts remain optimistic about Bitcoin's future, predicting potential price increases post-election.

Portfolio Pulse from Khyathi Dalal

November 01, 2024 | 7:57 pm

Shiba Inu (SHIB) has experienced a massive 254,078% increase in its burn rate, with 5.6 billion tokens burned in a single transaction. This has been accompanied by a rise in daily transactions and a potential bullish flag formation indicating an 80%-90% rally. However, caution is advised as large burns may be promotional tactics.

Portfolio Pulse from Khyathi Dalal

November 01, 2024 | 11:40 am

Shytoshi Kusama, leader of the Shiba Inu ecosystem, expressed frustration over the lack of respect for SHIB despite its significant gains. Kusama responded to criticism that SHIB will remain a 'chump change meme' unless it surpasses $0.01, emphasizing its top market capitalization status and substantial growth. SHIB has seen an 80% increase year-to-date, trailing behind Dogecoin's 92% rise.

Portfolio Pulse from Aniket Verma

October 31, 2024 | 6:16 am

Cryptocurrency markets are surging, with Bitcoin nearing its all-time high amid positive economic factors and geopolitical stability. Notable developments include rising shares of MicroStrategy and Coinbase, and significant inflows into Grayscale's Bitcoin and Ethereum funds.

Portfolio Pulse from Khyathi Dalal

October 29, 2024 | 7:43 pm

Shiba Inu (SHIB) has surged 15% this week, driven by Bitcoin's rise past $72,000 and significant institutional inflows into Bitcoin ETFs. This has sparked renewed interest in speculative assets like Shiba Inu, which is benefiting from the broader crypto market enthusiasm.

Portfolio Pulse from Henry Khederian

October 29, 2024 | 6:05 pm

Shiba Inu (SHIB) has seen an 8.03% price increase in the last 24 hours, with a weekly rise of over 2%. Trading volume surged by 107% over the week, while circulating supply decreased by 0.48%. SHIB's market cap is ranked #14 at $11 billion.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 3:02 pm

Shiba Inu has launched an NFT bridge on its Shibarium blockchain, enhancing the trading of Ethereum-based NFTs. This development is expected to improve liquidity and reduce transaction fees. Shiba Inu's burn rate has spiked by 305%, contributing to deflationary pressure on the coin.

Portfolio Pulse from Aniket Verma

October 29, 2024 | 6:24 am

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