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.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Shiba Inu's burn rate has spiked by 8,193%, but technical analysis suggests short-term weakness for the meme coin. Despite increased daily active addresses, large transactions have decreased, and a recent hack on Indodax resulted in the theft of 9 billion SHIB. SHIB is down 1.6% in the last 24 hours.

Portfolio Pulse from Khyathi Dalal

September 11, 2024 | 1:05 pm

The cryptocurrency market is experiencing an uptrend with Bitcoin, Ethereum, and Dogecoin showing mixed performance. Bitcoin's large transaction volume increased by 73%, and daily active addresses spiked by 23%. However, Bitcoin ETFs are seeing record-low trading volumes. Short-term Bitcoin holders are offloading significant amounts, while the reduced supply on exchanges suggests a bullish outlook.

Portfolio Pulse from Khyathi Dalal

September 10, 2024 | 8:03 pm

Cryptocurrency markets are on the rise with Bitcoin, Ethereum, and Dogecoin showing significant gains. Despite recent outflows, Bitcoin's large transaction volume increased by 19.4%. Analysts predict Bitcoin needs to stay above $55,850 to maintain momentum.

Portfolio Pulse from Khyathi Dalal

September 09, 2024 | 8:00 pm

Shiba Inu's (SHIB) price increased by 4.53% in the last 24 hours, continuing a positive trend with a 1.0% gain over the past week. Despite the price rise, trading volume remained stable, and the circulating supply increased slightly. SHIB ranks #16 in market cap at $8 billion.

Portfolio Pulse from Benzinga Insights

September 09, 2024 | 7:01 pm

Cryptocurrency markets are experiencing a downturn with significant outflows from Bitcoin and Ethereum ETFs. Bitcoin has fallen below $53,000, and Ethereum is also down. Notable statistics include a drop in large transaction volumes and high liquidation levels. Analysts suggest the current market decline may be temporary.

Portfolio Pulse from Khyathi Dalal

September 06, 2024 | 9:09 pm

Dogecoin is nearing a rare macro golden cross, indicating a potential bullish trend despite recent price drops. Crypto trader Kevin predicts a rally within two weeks, aligning with the golden cross. Dogecoin's trading volume and active addresses have decreased, but the Dogecoin Foundation reports progress in development and business adoption.

Portfolio Pulse from Khyathi Dalal

September 06, 2024 | 6:19 pm

Shiba Inu (SHIB) burned 12 million coins in 24 hours, with new accounts more than doubling. Despite these developments, technical indicators suggest a bearish trend, with a 58.8% drop in large transaction volume and 53% of holders at a loss.

Portfolio Pulse from Khyathi Dalal

September 06, 2024 | 2:53 pm

Cryptocurrency markets are experiencing a downturn as Bitcoin ETFs see significant outflows. Bitcoin, Ethereum, and Dogecoin are trading lower, with Bitcoin facing a short-term regression downtrend but showing a bullish RSI divergence. The market is influenced by various factors, including large transaction volume declines and trader liquidations.

Portfolio Pulse from Khyathi Dalal

September 05, 2024 | 8:14 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.