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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 are experiencing a mid-week relief rally, with Bitcoin attempting to recover after a recent drop. Traders suggest avoiding turning $58,300 into resistance. Notable developments include a decrease in Japan's crypto tax rate and a rise in large transaction volumes.

Portfolio Pulse from Khyathi Dalal

September 04, 2024 | 8:28 pm

Shiba Inu (SHIB) is experiencing a significant increase in its burn rate, leading to bullish predictions of a 231% rally. The burn rate has spiked by 189%, with 3.6 million SHIB coins incinerated recently. Crypto trader Javon Marks highlights bullish patterns, suggesting a potential price recovery to 2024 highs. Despite the optimism, investors should consider the volatile nature of the crypto market.

Portfolio Pulse from Khyathi Dalal

September 04, 2024 | 7:00 pm

Floki Inu (FLOKI) has dropped 23% in the past week, presenting a buying opportunity due to its strong fundamentals and institutional backing. The token is gaining attention for its marketing campaigns and product adoption, including a trading bot and partnerships with entities like OG Esports.

Portfolio Pulse from Khyathi Dalal

September 04, 2024 | 5:16 pm

Bitcoin and Ethereum are experiencing a decline as short-term holders sell off their assets. Bitcoin's exchange net flows have increased, and significant transactions have risen. Analyst Peter Brandt notes a pattern of lower highs and lows in Bitcoin's chart, indicating a lack of momentum. The SEC is involved in various crypto-related legal actions, and Qatar is introducing crypto regulations. Despite current market conditions, some analysts predict a potential Bitcoin rally in the future.

Portfolio Pulse from Khyathi Dalal

September 03, 2024 | 8:57 pm

SUNDOG, a memecoin on the Tron blockchain, surged over 6% despite a broader memecoin slump, contrasting with declines in Dogecoin, Shiba Inu, and Pepe. Backed by Tron founder Justin Sun, SUNDOG has risen 289% since its launch on August 15.

Portfolio Pulse from Aniket Verma

September 02, 2024 | 4:12 am

Cryptocurrency markets are experiencing a downturn, with Bitcoin struggling to reclaim the $60,000 level. Ethereum and other major cryptocurrencies are also trading lower. Notable developments include Ethereum co-founder's large Ether transfer and Elon Musk's legal victory in a Dogecoin-related lawsuit.

Portfolio Pulse from Khyathi Dalal

August 30, 2024 | 7:51 pm

Shiba Inu (SHIB) has been added as a collateral currency for futures trading on Kraken Pro, joining Bitcoin, Ethereum, and Cardano. This coincides with a massive 139103% increase in SHIB's burn rate, though its price remains relatively unchanged.

Portfolio Pulse from Aniket Verma

August 30, 2024 | 6:56 am

Popcat, a Solana-based memecoin, fell over 8% despite being the year's biggest gainer, while other memecoins like Dogecoin, Shiba Inu, and Pepe remained stable. The broader cryptocurrency market was choppy, with no significant changes.

Portfolio Pulse from Aniket Verma

August 30, 2024 | 6:23 am

Cryptocurrency markets are experiencing slight gains despite Ark Invest selling $100 million in Bitcoin. Bitcoin, Ethereum, and Dogecoin are struggling to break out of a six-month trading channel. Notable developments include Robinhood adding Solana to its Web3 wallet and MicroStrategy outperforming Bitcoin and Ethereum post-FTX collapse.

Portfolio Pulse from Khyathi Dalal

August 29, 2024 | 8:02 pm

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