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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 sideways after the Fed left interest rates unchanged. Bitcoin is hovering around $65,516, with a potential support level at $64,000 if it drops further. Ethereum whales have accumulated significant amounts of ETH, and Bitcoin has seen substantial on-chain movement. Notable developments include new crypto regulations in the Bahamas, SEC charges against BitClout's founder, and Tether's record profit. Market sentiment is bullish towards Bitcoin, suggesting a potential bull run.

Portfolio Pulse from Khyathi Dalal

July 31, 2024 | 8:03 pm

Cryptocurrency markets are down, with Bitcoin, Ethereum, and Dogecoin experiencing declines. Grayscale is introducing a new Bitcoin ETF. Despite the downturn, analysts suggest Bitcoin is on track for a September breakout. Notable developments include Russia greenlighting crypto for cross-border payments and the SEC amending its complaint against Binance.

Portfolio Pulse from Khyathi Dalal

July 30, 2024 | 8:13 pm

The announcement of a new Shiba Inu puppy, Neiro, by the owner of the original Dogecoin meme coin dog, Kabosu, has led to a surge in Neiro-themed token creation on the Solana blockchain. This has resulted in significant trading activity and market capitalization for some tokens, pushing Solana's transaction volume above Ethereum's. Kabosu's owner has distanced herself from these tokens, warning of potential scams.

Portfolio Pulse from Murtuza Merchant

July 30, 2024 | 2:49 pm

Shiba Inu's Layer-2 chain, Shibarium, has reached a milestone of six million blocks ahead of its first anniversary, leading to a 4527% increase in burn rates. The community is celebrating this achievement.

Portfolio Pulse from Aniket Verma

July 30, 2024 | 2:42 am

Cryptocurrency markets are experiencing choppy price action ahead of the FOMC meeting on Wednesday. Bitcoin and Dogecoin have erased earlier gains, while Ethereum is holding on. Notable developments include the U.S. government moving $2 billion worth of Bitcoin and the U.S. Marshall Service sending Bitcoin to Coinbase for custodianship. Crypto-related stocks like Coinbase and Marathon Digital surged following pro-Bitcoin comments from Donald Trump.

Portfolio Pulse from Khyathi Dalal

July 29, 2024 | 8:26 pm

Mumu The Bull (CRYPTO: MUMU), a meme coin on Solana (CRYPTO: SOL), has surged over 120% in a week due to exchange listings and rising volume. Crypto traders are optimistic about its future, predicting it could surpass Shiba Inu's (CRYPTO: SHIB) all-time high. MUMU is currently valued at $232.6 million and will soon be listed on BingX for spot trading.

Portfolio Pulse from Khyathi Dalal

July 29, 2024 | 7:14 pm

Cryptocurrency markets are trading higher as the Bitcoin Conference awaits Donald Trump’s keynote speech. Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies have seen significant gains. Notable statistics include an increase in large transactions and daily active addresses. The Michigan state pension fund disclosed holdings in the ARK 21Shares Bitcoin ETF. Other developments include Franklin Templeton's partnership with SBI Holdings to launch a digital asset management company in Japan and concerns raised by Senator Warren over foreign-owned crypto mining operations in the US.

Portfolio Pulse from Khyathi Dalal

July 26, 2024 | 8:29 pm

Floki (CRYPTO: FLOKI) has been listed on Bitstamp, Europe's oldest and largest cryptocurrency exchange. This listing has generated optimism among traders, who believe Floki is well-positioned to follow Dogecoin's movements. The coin has outperformed other meme coins like Shiba Inu and Pepe over the past 30 days.

Portfolio Pulse from Khyathi Dalal

July 26, 2024 | 12:24 pm

Shiba Inu (SHIB) saw a 76% surge in Q2 order volumes on CoinGate, driven by the expansion of services on the Polygon and BNB Chain networks. This indicates growing mainstream adoption and significant engagement from whale investors.

Portfolio Pulse from Aniket Verma

July 26, 2024 | 9:39 am

Cryptocurrency markets are experiencing a downturn, with Ethereum down 7% on the third day of spot Ethereum ETF trading. Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu have all seen significant declines. Notable statistics include a 24.4% drop in large transaction volume and a 826.3% plunge in exchange netflows. Analysts and traders are closely watching Bitcoin's price levels, with some predicting a potential end to the current 'mini-correction.'

Portfolio Pulse from Khyathi Dalal

July 25, 2024 | 8:09 pm

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