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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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Shiba Inu (SHIB) experienced a significant increase in its burn rate, leading to a 4.13% price rise. Over 301.68 million SHIB tokens were burned in the last 24 hours, contributing to the deflationary pressure. The burn rate spike coincided with a 2x increase in new transactions on the Shibarium blockchain and a 65% rise in daily active addresses.

Portfolio Pulse from Aniket Verma

July 01, 2024 | 6:15 am

Emerging memecoins like dogwifhat and Pepe have outperformed established players like Dogecoin and Shiba Inu in the first half of 2024. Ethereum-based Mog Coin was the biggest gainer with a 4959.69% return, followed by Solana-based dogwifhat with a 1385% profit. Despite their volatility, these memecoins continue to attract investors seeking quick returns.

Portfolio Pulse from Aniket Verma

July 01, 2024 | 3:00 am

Benzinga reviewed the prospects of popular stocks, highlighting bullish and bearish outlooks. Nvidia, Tesla, and Microsoft were among the key stocks discussed. Nvidia is expected to hit $200 due to its AI dominance, while Tesla's market cap could reach $24 trillion by 2034. Microsoft faces EU charges for anti-competitive practices. Elon Musk criticized Boeing's CEO amid Starliner issues.

Portfolio Pulse from Michael Cohen

June 29, 2024 | 1:40 pm

Cryptocurrency markets are trading down despite unchanged U.S. inflation in May. Bitcoin, Ethereum, and Dogecoin have seen price declines. Notable developments include Bolivia legalizing Bitcoin and Bitcoin-powered Core Blockchain launching an exchange-traded product in Sweden. Analysts predict a bullish trend for Bitcoin by year-end.

Portfolio Pulse from Khyathi Dalal

June 28, 2024 | 7:18 pm

Dogecoin (DOGE) and Shiba Inu (SHIB) have been slipping in the crypto rankings despite a slight increase in meme coin market capitalization. Dogecoin dropped to the ninth position, and Shiba Inu fell to the 13th. Both coins face challenges, with Dogecoin not being integrated as a payment option on X (formerly Twitter) and Shiba Inu lacking real-world utility. Large transaction volumes for both coins have been noted, with significant transfers to and from major exchanges like Robinhood and Binance.

Portfolio Pulse from Khyathi Dalal

June 28, 2024 | 5:54 pm

Roaring Kitty's recent social media post featuring a cartoonish dog led to a surge in cat-themed cryptocurrencies like Kitty AI and Kitty Inu. However, dog-themed cryptocurrencies like Dogecoin and Shiba Inu saw only modest gains. The post also positively impacted stocks like GameStop, Chewy, and PetMed Express.

Portfolio Pulse from Aniket Verma

June 28, 2024 | 4:48 am

Cryptocurrency markets are rallying ahead of the Trump-Biden U.S. Presidential election debate, with a Solana spot ETF application by VanEck as a key catalyst. Bitcoin, Ethereum, and Dogecoin are among the gainers. Notable developments include BlackRock's purchase of Bitcoin for its Global Allocation Fund and Coinbase suing the SEC and FDIC. Analysts caution about potential liquidations if Bitcoin drops to $60,700.

Portfolio Pulse from Khyathi Dalal

June 27, 2024 | 8:21 pm

Trade The Flow, a crypto researcher, suggests long/short pair trading strategies in the current sideways crypto market. He recommends long positions on Bitcoin and Ethereum, and short positions on Litecoin and Cardano. He also suggests longing Pendle and Pepe, while shorting Ondo Finance and Shiba Inu.

Portfolio Pulse from Khyathi Dalal

June 27, 2024 | 7:04 pm

Cryptocurrency markets are down as major governments liquidate Bitcoin holdings. Bitcoin, Ethereum, and Dogecoin see declines. Bitcoin Spot ETFs report net inflows, while Ethereum ETFs are expected to launch by July 4. Notable developments include German authorities selling seized Bitcoin and Argentinian President advocating for Bitcoin.

Portfolio Pulse from Khyathi Dalal

June 26, 2024 | 9:17 pm

Pepe (CRYPTO: PEPE) has gained 10% over the past week, outperforming other meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). Traders are optimistic about Pepe's future performance, citing increased trading volumes and large transaction activity.

Portfolio Pulse from Khyathi Dalal

June 26, 2024 | 2:19 pm

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