Streetbeat News

SHIBUSD

Shiba Inu / US Dollar

https://shibatoken.com/

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 are experiencing gains, with Bitcoin up 2% and Dogecoin surging 11%. Despite the positive movement, traders are advised to stick to their plans due to expected volatility around the upcoming election. Notable developments include a decrease in large transaction volumes and a significant number of trader liquidations.

Portfolio Pulse from Khyathi Dalal

October 28, 2024 | 9:22 pm

Elon Musk's recent post on X led to a surge in dog-themed cryptocurrencies, with Dogecoin rising nearly 5% and First Neiro On Ethereum increasing by over 6%. The meme coin market cap rose 1.5% in the last 24 hours.

Portfolio Pulse from Aniket Verma

October 28, 2024 | 4:28 am

Cryptocurrency markets are experiencing a downturn with Bitcoin, Ethereum, and Dogecoin among others trading lower. Despite increased whale transactions, large transaction volumes are up, but daily active addresses and exchange netflows are down. Notable developments include Michael Saylor's proposal to Microsoft and BlackRock's investment in MicroStrategy. Experts predict potential price rallies for Bitcoin, with some forecasting it to reach $80,000 before 2025.

Portfolio Pulse from Khyathi Dalal

October 25, 2024 | 7:50 pm

Shiba Inu (SHIB) has seen a significant increase in its burn rate by 65,530%, with technical indicators suggesting a potential price pump. The cryptocurrency has gained 18% over the past month, supported by a bullish shift in Bitcoin prices. Technical analysis indicates a mildly bullish outlook with the 50-day SMA crossing above the 100-day SMA.

Portfolio Pulse from Khyathi Dalal

October 25, 2024 | 11:44 am

Cryptocurrency markets are experiencing a downturn, with Bitcoin, Ethereum, and Dogecoin seeing significant price corrections. Despite this, traders remain optimistic about a potential bounce, particularly for Bitcoin, which is showing signs of a bullish trend. Notably, Bitcoin's spot ETF saw a $79M outflow after a week of inflows.

Portfolio Pulse from Khyathi Dalal

October 23, 2024 | 9:01 pm

Shiba Inu (SHIB) has experienced a 4.74% price drop in the last 24 hours, continuing a week-long decline of 7%. Trading volume has decreased by 55% while circulating supply increased slightly. SHIB's market cap is ranked #15 at $10.21 billion.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 7:02 pm

Crypto trader Hoeem shares a three-wave strategy for trading meme coins, highlighting Dogecoin and Shiba Inu as established options in the third wave. The strategy emphasizes understanding market dynamics and social metrics to navigate the volatile meme coin market.

Portfolio Pulse from Khyathi Dalal

October 23, 2024 | 5:32 pm

AI meme coin GOAT has surged significantly, achieving a 160% weekly gain and a listing on ByBit. This contrasts with Dogecoin and Shiba Inu's more modest performances. Large purchases of GOAT using Solana indicate strong investor interest.

Portfolio Pulse from Khyathi Dalal

October 23, 2024 | 2:35 pm

Shiba Inu (SHIB) has seen a dramatic increase in its burn rate by 6,750%, with a significant rise in daily transactions. Despite a recent price dip, analysts see potential for a 355% rally due to a hidden bull divergence pattern.

Portfolio Pulse from Khyathi Dalal

October 23, 2024 | 12:48 pm

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