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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.

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Cryptocurrency markets are trading lower following a $230 million hack on Indian crypto exchange WazirX. Bitcoin, Ethereum, and Dogecoin are among the notable cryptocurrencies experiencing declines. Key metrics show a decrease in large transaction volumes and daily active addresses, while exchange netflows have risen significantly. Analysts have mixed predictions for Bitcoin's short-term performance, with some seeing potential for a bullish August if Bitcoin holds above $62,750, while others predict a bearish retest.

Portfolio Pulse from Khyathi Dalal

July 18, 2024 | 8:23 pm

Dogwifhat (CRYPTO: WIF) has surged 11% in the past 24 hours and 48% over the week. Traders believe it could rise further if Bitcoin remains stable. Key levels to watch are $2.2 and $2.50. Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have also seen gains of 10% and 5%, respectively.

Portfolio Pulse from Khyathi Dalal

July 18, 2024 | 4:58 pm

The Indian crypto exchange WazirX was hacked, resulting in losses exceeding $230 million. The exploiter sold 5.43 trillion SHIB for 26,535 ETH, valued at $92 million, causing an 8% drop in SHIB's price. WazirX has temporarily suspended withdrawals to safeguard user assets.

Portfolio Pulse from Murtuza Merchant

July 18, 2024 | 4:28 pm

Shiba Inu (SHIB) faces pressure from a hack on Indian crypto exchange WazirX, despite positive fundamental indicators like a high burn rate and increased transaction volume. The integration of Shiba Eternity with the Shibarium blockchain aims to enhance gaming and burn SHIB, adding value to the ecosystem. However, the hacker's large SHIB holdings pose a risk of further price decline.

Portfolio Pulse from Khyathi Dalal

July 18, 2024 | 11:57 am

Indian cryptocurrency exchange WazirX has been hacked, resulting in losses exceeding $230 million. The exchange has suspended withdrawals to safeguard user assets while investigating the breach.

Portfolio Pulse from Murtuza Merchant

July 18, 2024 | 11:39 am

Cryptocurrency markets are slightly down despite Bitcoin ETF inflows peaking at a one-month high. Bitcoin, Ethereum, and Dogecoin have dipped, with notable statistics showing increased large transaction volumes and significant liquidations. Direxion has launched two new crypto ETFs, and Bitwise CIO predicts Ethereum to reach $5,000 in 2024.

Portfolio Pulse from Khyathi Dalal

July 17, 2024 | 8:21 pm

'Dogecoin Killer' Shiba Inu (SHIB) is experiencing a significant increase in its burn rate, which soared by 297% in a single day. This increase in burn rate, along with rising transaction volumes and active addresses, suggests a potential bull run for the meme coin. Shiba Inu is also set to be the title sponsor of ETHToronto, a major event in the cryptocurrency space.

Portfolio Pulse from Khyathi Dalal

July 17, 2024 | 1:10 pm

Cryptocurrency markets are trading higher with notable gains in Bitcoin, Ethereum, and Dogecoin. Long liquidations have spiked, and Bitcoin open interest has surged. Ethereum ETFs are expected to attract significant inflows. Analysts predict potential explosive growth in September/October if historical patterns repeat.

Portfolio Pulse from Khyathi Dalal

July 16, 2024 | 8:24 pm

Pepe (CRYPTO: PEPE) has surged 40% in a week, outperforming other meme coins like Dogecoin, Shiba Inu, and Dogwifhat. Traders predict further gains for Pepe, with significant bullish momentum and increased transaction volumes. Venture capital firm Nascent has swapped its Maker position for Pepe and Lido DAO, sparking optimism about Pepe's future price movements.

Portfolio Pulse from Khyathi Dalal

July 16, 2024 | 6:35 pm

Shiba Inu (SHIB) is showing significant bullish momentum, with technical indicators suggesting further growth. Crypto trader Javon Marks forecasts a potential +351% move towards its all-time high. Key metrics from Shibarium and IntoTheBlock data support this bullish outlook.

Portfolio Pulse from Khyathi Dalal

July 16, 2024 | 5:06 pm

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