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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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Bitcoin briefly reached $70,000 before slightly declining, while other major cryptocurrencies like Ethereum and Dogecoin continued to fall. Notable developments include Paraguay selling excess hydro-energy to Bitcoin miners and predictions of a potential altcoin surge. Traders are eyeing a liquidity zone around $73,000 for Bitcoin.

Portfolio Pulse from Khyathi Dalal

June 10, 2024 | 7:48 pm

Shiba Inu (SHIB) has seen a significant increase in its burn rate, spiking 15,654.2% in the past 24 hours. Technical analysis suggests a potential bullish trend, with the 100-day SMA crossing above the 50-day SMA. The SHIB community continues to burn coins to create scarcity and potentially increase value.

Portfolio Pulse from Khyathi Dalal

June 10, 2024 | 2:11 pm

Pepe (PEPE) outperformed the broader cryptocurrency market, rising over 7% in the last 24 hours and becoming the most-traded memecoin, surpassing Dogecoin (DOGE) and Shiba Inu (SHIB). Despite a 23% drop from its all-time high, investors remain optimistic about its potential.

Portfolio Pulse from Aniket Verma

June 10, 2024 | 3:02 am

This week in crypto saw significant events including 50 Cent's Bitcoin earnings, Cathie Wood's bold Bitcoin prediction, a surge in a cat-themed cryptocurrency due to Roaring Kitty's livestream, and a sell-off in major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. Additionally, Shiba Inu experienced a spike in its burn rate, leading to bullish sentiment.

Portfolio Pulse from Benzinga Neuro

June 09, 2024 | 12:00 pm

A pseudonymous cryptocurrency trader shared a cautionary tale about a girl who made $250,000 from Dogecoin and other meme coins but squandered it within six months. Her reckless spending led to hospitalization, job loss, and financial ruin. The story highlights the dangers of sudden wealth from speculative investments like Dogecoin.

Portfolio Pulse from Khyathi Dalal

June 08, 2024 | 4:46 pm

Cryptocurrency markets experienced a significant sell-off following the Roaring Kitty live stream, with notable declines in Bitcoin, Ethereum, and Dogecoin. Coinglass data reported $337.08 million in crypto liquidations within four hours, primarily from long positions. Bitcoin holders in profit dropped from 98% to 87%, and exchange netflows surged by 209%. Despite the downturn, Bitcoin ETFs saw inflows of $217.78 million on June 5, pushing total inflows past $15 billion since January.

Portfolio Pulse from Khyathi Dalal

June 07, 2024 | 8:04 pm

Cryptocurrency markets are slightly down despite strong ETF inflows for the last 17 days. Bitcoin is attempting to break the $72-$73K resistance level. Robinhood announced the acquisition of Bitstamp for $200M. Notable statistics include high Bitcoin open interest and low long liquidations. Standard Chartered predicts Bitcoin could reach $150K by year-end if Trump wins.

Portfolio Pulse from Khyathi Dalal

June 06, 2024 | 8:26 pm

A whale has moved significant amounts of PEPE and SHIB off exchanges, indicating strong interest and potential bullish sentiment. PEPE has seen a 65% increase in the past month and analysts predict a market cap of $10-$12 billion. SHIB has seen minor price movement.

Portfolio Pulse from Khyathi Dalal

June 06, 2024 | 11:57 am

Shiba Inu's lead developer, Shytoshi Kusama, hinted at massive plans for the ecosystem in response to Ethereum creator Vitalik Buterin's skepticism of celebrity memecoins. Kusama emphasized that Shiba Inu aims to achieve long-term goals and hinted at potential partnerships and investments. The ecosystem's decentralized exchange, ShibaSwap, was recently launched on its layer-2 network, Shibarium.

Portfolio Pulse from Aniket Verma

June 06, 2024 | 7:17 am

Whale investors are showing significant interest in Shiba Inu, Cardano, and JasmyCoin, leading to a surge in their prices. Large transactions for these cryptocurrencies have more than doubled this week compared to 2024 averages, signaling accumulation.

Portfolio Pulse from Aniket Verma

June 06, 2024 | 3:20 am

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