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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 trading higher with notable gains in Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu. Grayscale launches new crypto funds, and FTX is ordered to pay $12.7B to creditors. Solana spikes as Brazil approves the first Solana ETF. Analysts have mixed predictions for Bitcoin's future price movements.

Portfolio Pulse from Khyathi Dalal

August 08, 2024 | 8:11 pm

Shiba Inu's burn rate surged by nearly 10,000%, burning over 100 million SHIB in two transactions. The community is pushing Binance to burn 1% of SHIB from daily transactions. Despite a decrease in large transaction volume and daily active addresses, long-term prospects remain strong with significant holder concentration. WazirX canceled all transactions to restore credibility after a $235 million exploit.

Portfolio Pulse from Khyathi Dalal

August 08, 2024 | 6:45 pm

Cryptocurrency markets are down on Wednesday due to broader economic concerns and geopolitical tensions. Bitcoin (BTC) could dip to $54,500 if it breaks the $56,800 support level. Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and Shiba Inu (SHIB) also saw declines. Notable developments include Bitcoin whales accumulating $23B worth of BTC and Morgan Stanley offering Spot Bitcoin ETFs to clients.

Portfolio Pulse from Khyathi Dalal

August 07, 2024 | 8:23 pm

Shiba Inu (SHIB) has seen a 234% surge in burn rate over the past 24 hours, with one transaction burning 1.06 million SHIB. Despite a 6% drop in price, traders remain optimistic, predicting a bullish breakout. Large transaction volumes and daily active addresses have decreased, but transactions over $100,000 have increased.

Portfolio Pulse from Khyathi Dalal

August 07, 2024 | 7:21 pm

Glauber Contessoto, known as the 'Dogecoin Millionaire,' has invested $100,000 in the Ethereum-based meme coin Neiro (NEIRO). He believes NEIRO has the potential to replicate the success of Dogecoin and Shiba Inu due to its high market cap, strong community support, and user-friendly nature on the Ethereum blockchain.

Portfolio Pulse from Khyathi Dalal

August 07, 2024 | 2:09 pm

Shiba Inu's lead developer, Shytoshi Kusama, expressed strong support for Ethereum co-founder Vitalik Buterin's confidence in resolving cross-Layer 2 interoperability issues quickly. Kusama's endorsement may indicate a positive outlook for both Ethereum and Shiba Inu, which is an ERC-20 token.

Portfolio Pulse from Aniket Verma

August 07, 2024 | 5:36 am

Cat-themed meme coin, Cat in a Dogs World (CRYPTO: MEW), emerged as the best-performing cryptocurrency, surging 20% in the last 24 hours. This rally helped investors recover losses from the weekend and improved MEW's monthly gains to 57%. Other Solana-based meme tokens like Dogwifhat (CRYPTO: WIF) and Bonk (CRYPTO: BONK) also saw gains. Despite the surge, a 14% dip in MEW's trading volumes raises questions about the rally's sustainability.

Portfolio Pulse from Aniket Verma

August 07, 2024 | 4:27 am

Cryptocurrency markets are recovering after a strong correction, with notable gains in Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu. Robinhood's Q2 earnings preview highlights a favorable environment for crypto trading. Despite market sell-offs, major institutions like BlackRock, Fidelity, Grayscale, and MicroStrategy have not offloaded Bitcoin. Analysts and traders provide mixed views on the market's future, with some seeing potential for Bitcoin to reach $60,000.

Portfolio Pulse from Khyathi Dalal

August 06, 2024 | 8:50 pm

Shiba Inu (SHIB) has seen a significant recovery of 10% following a crypto crash, with its burn rate surging by 478%. The community has initiated a petition to Binance for a daily burn mechanism, and large transaction volumes have increased significantly.

Portfolio Pulse from Khyathi Dalal

August 06, 2024 | 3:21 pm

Shiba Inu's (SHIB) price has surged by 8.26% in the past 24 hours to $0.000014, despite a 17% loss over the past week. Trading volume has increased by 231% over the past week, and the circulating supply has grown by 0.22%, bringing the market cap to $8.03 billion.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 3:02 pm

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