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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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Meme-based cryptocurrencies like Dogecoin, Shiba Inu, and Pepe have rapidly achieved billion-dollar valuations, surpassing the time it took for some Nasdaq-listed companies. However, these meme coins often lack strong fundamentals, leading to volatile price movements.

Portfolio Pulse from Aniket Verma

October 17, 2024 | 7:28 am

Shiba Inu (SHIB) has risen 10% over the past week, driven by a broader crypto market rally led by Bitcoin. The surge in Bitcoin has improved sentiment across the crypto sector, benefiting altcoins like Shiba Inu. Institutional interest in blockchain equity ETFs and the coin's low cost per token make it appealing to retail investors.

Portfolio Pulse from Henry Khederian

October 17, 2024 | 12:59 am

Cryptocurrency markets are experiencing a bullish trend, with Bitcoin, Ethereum, and Dogecoin showing significant gains. Bitcoin's market dominance is at its highest since 2021, and traders predict new all-time highs in the coming weeks. Notable developments include Tesla's potential exit from Bitcoin and discussions on crypto regulation.

Portfolio Pulse from Khyathi Dalal

October 16, 2024 | 7:48 pm

A study by Social Capital Markets highlights the rapid valuation growth of meme coins like Dogecoin, Shiba Inu, and Pepe compared to traditional companies. These coins reached billion-dollar valuations in months, driven by online communities and speculative hype, unlike traditional companies that took decades. The study also warns of the risks associated with meme coins due to their volatile nature.

Portfolio Pulse from Murtuza Merchant

October 16, 2024 | 5:10 pm

Shiba Inu (SHIB) has seen a 4.41% price increase in the last 24 hours, continuing a positive trend with a 9% gain over the past week. Trading volume has surged by 102%, and the circulating supply has slightly increased. SHIB ranks #14 in market cap at $10.97 billion.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 3:00 pm

Dogecoin and Shiba Inu have surged, with Dogecoin benefiting from social media chatter about Elon Musk and potential political impacts. Analysts speculate on the influence of a Trump victory on meme coins, with increased interest in Dogecoin ETFs and government departments. Dogecoin's large transactions are up, while Shiba Inu's transaction volume is down but active addresses have increased.

Portfolio Pulse from Khyathi Dalal

October 16, 2024 | 12:16 pm

Cryptocurrency markets are trading flat after a spike, with Bitcoin reaching $68K. Notable developments include Metaplanet's Bitcoin purchase and high Bitcoin spot ETF inflows. Analysts predict potential bullish momentum for Bitcoin.

Portfolio Pulse from Khyathi Dalal

October 15, 2024 | 8:53 pm

Shiba Inu has announced a partnership with financial solutions company Mass to enhance the financial layer of the 'Shiba State'. This partnership aims to elevate Shiba Inu's ecosystem, coinciding with a 2.14% increase in SHIB's price and a significant burn rate jump.

Portfolio Pulse from Aniket Verma

October 15, 2024 | 7:29 am

Lesser-known memecoins BOOK OF MEME and Cat In A Dogs World Token emerged as top performers amid a bullish market sentiment, with Solana-based BOOK OF MEME surging over 28% and Cat In A Dogs World Token rising 22%. The overall meme coin market capitalization increased by over 6%, driven by a broader market rally.

Portfolio Pulse from Aniket Verma

October 15, 2024 | 4:09 am

Cryptocurrency markets are experiencing a rise, with Bitcoin, Ethereum, and Dogecoin seeing significant gains. This is attributed to expectations of Chinese economic stimulus. Bitcoin has crossed the $65,000 mark, prompting discussions about its entry into a FOMO zone. Despite the bullish sentiment, traders are advised to exercise caution as market corrections are expected.

Portfolio Pulse from Khyathi Dalal

October 14, 2024 | 7:44 pm

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