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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 with Bitcoin hovering around $67,436.75. Traders emphasize the importance of the $66,500 support level, warning of a potential drop to $61,000 if it fails. Large transaction volumes have increased, while daily active addresses have decreased. Notable developments include investments in crypto channels and discussions on Bitcoin's role as an institutional asset.

Portfolio Pulse from Khyathi Dalal

October 22, 2024 | 7:55 pm

Former President Donald Trump's visit to a McDonald's drive-thru sparked a meme frenzy in the Shiba Inu community, highlighting their cryptocurrency tokens. The Shiba Inu team recently announced a partnership with Mass to develop the 'Shiba State' finance layer, aiming to transition from a meme coin to a serious blockchain project.

Portfolio Pulse from Aniket Verma

October 22, 2024 | 7:19 am

Feline-themed cryptocurrency MEW defied the broader meme coin market slump with a 6% spike, while Dogecoin and Shiba Inu saw declines. MEW's trading volume surged 353%, and its YTD gain reached 414%. The meme coin market's total cap contracted by nearly 2%.

Portfolio Pulse from Aniket Verma

October 22, 2024 | 4:29 am

Cryptocurrency markets, including Bitcoin and Ethereum, are trading lower despite strong ETF inflows. Bitcoin ETF inflows surged to over $2 billion amid rising Trump election odds. Traders remain optimistic about Bitcoin's potential, with some predicting bullish trends.

Portfolio Pulse from Khyathi Dalal

October 21, 2024 | 7:32 pm

Benzinga highlights recent stock market trends and company news, including Apple's record iPhone sales, Oklo's rise on a Google nuclear deal, and meme coins' rapid valuation growth. Meanwhile, Moderna faces a lawsuit, and Tesla encounters new competition from a Chinese EV maker.

Portfolio Pulse from Michael Cohen

October 19, 2024 | 1:00 pm

Shiba Inu (SHIB) is experiencing a price pump following Dogecoin's (DOGE) rally. An unknown whale withdrew 105.9 billion SHIB from Coinbase, indicating potential bullish momentum. Shiba Inu's DAO and foundation are set to launch in 2024/2025, signaling a transformative shift. Despite gains, large transaction volumes and daily active addresses have decreased. The meme coin rally is influenced by Dogecoin's surge, partly due to Elon Musk's comments.

Portfolio Pulse from Khyathi Dalal

October 18, 2024 | 8:29 pm

Cryptocurrency markets are bullish, with Bitcoin nearing $70,000, driven by BlackRock's Bitcoin ETF accumulating $1 billion. Key developments include Bitcoin's dominance reaching a 3-year high and Robinhood's Bitstamp deal. Market movements may be influenced by the upcoming U.S. election.

Portfolio Pulse from Khyathi Dalal

October 18, 2024 | 7:27 pm

Shiba Inu (SHIB) has seen a 5.71% price increase in the last 24 hours, continuing a positive trend with a 7% gain over the past week. Trading volume has surged by 43%, and the market cap is now $11.08 billion, ranking it #14.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 3:01 pm

Cryptocurrency markets are experiencing a down day, with Bitcoin, Ethereum, and Dogecoin consolidating recent gains. Despite the downturn, traders are optimistic about a new bull cycle. Bitcoin ETFs have seen significant purchases, while Bitcoin's price is approaching a critical resistance level.

Portfolio Pulse from Khyathi Dalal

October 17, 2024 | 7:40 pm

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