Streetbeat News

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.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

A trader profited $230,000 by betting on the death of Kabosu, the dog behind the Dogecoin meme. The price of the Kabosu-themed token spiked following the dog's death. Dogecoin (DOGE) saw a 2.6% daily gain, while Shiba Inu (SHIB) dropped by 0.9%.

Portfolio Pulse from Khyathi Dalal

May 24, 2024 | 5:18 pm

Elon Musk, CEO of Tesla, expressed his grief over the death of Kabosu, the Shiba Inu dog that inspired Dogecoin. Kabosu's death has impacted the cryptocurrency market, causing Dogecoin, Shiba Inu, and Floki to drop by 5% to 7%.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 2:30 pm

A prominent cryptocurrency analyst, The Crypto Dog, predicts a significant rally for Dogecoin (DOGE), Bitcoin (BTC), and NEAR Protocol (NEAR) if Bitcoin reaches a new all-time high. The analyst suggests Dogecoin could surge by 78% and NEAR Protocol by 15%.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 12:58 pm

Shiba Inu (SHIB) has seen a significant increase in its burn rate, rising by 548.9% in the past 24 hours. The founder hinted at the possibility of a Shiba Inu ETF following the approval of the Ethereum ETF. Coinbase announced the listing of perpetual futures for Shiba Inu, Floki Inu, and Bonk, which is expected to enhance liquidity and market depth. ShibaSwap's governance token BONE is now integrated into Precipitate AI, allowing users to pay for services using BONE. Despite these developments, SHIB's price has dropped by 5.6% in the past 24 hours.

Portfolio Pulse from Khyathi Dalal

May 24, 2024 | 11:54 am

Dogecoin, Shiba Inu, and Floki cryptocurrencies have dropped between 5% to 7% following the death of Kabosu, the dog that inspired their creation. Kabosu's passing has had a notable impact on these meme coins, which are popular in the crypto community.

Portfolio Pulse from Rounak Jain

May 24, 2024 | 10:00 am

Kabosu, the Shiba Inu dog that inspired Dogecoin and other dog-themed cryptocurrencies, has passed away at the age of 18. The news has saddened the cryptocurrency community, with notable figures like Elon Musk and Vitalik Buterin expressing their condolences.

Portfolio Pulse from Aniket Verma

May 24, 2024 | 9:11 am

Cryptocurrency markets are slightly down as the Ethereum ETF decision looms. Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are trading lower. The S&P Global US Services and Manufacturing PMIs have risen, exceeding market expectations. Charles Schwab's survey shows traders view cryptocurrencies as risky, and the House passed a bill to ban the Federal Reserve from establishing a CBDC. Bitcoin long liquidations peaked at a two-week high, and notable developments include Wisconsin becoming the first state to buy Bitcoin.

Portfolio Pulse from Khyathi Dalal

May 23, 2024 | 8:31 pm

Cathie Wood's prediction that cryptocurrency will be a significant issue in the 2024 U.S. presidential election appears to be coming true. Both Trump and Biden are adjusting their stances on crypto, with Trump accepting crypto donations and Biden showing signs of regulatory cooperation. This shift could influence young voters, who are increasingly prioritizing cryptocurrency policies.

Portfolio Pulse from Chris Katje

May 23, 2024 | 5:21 pm

The DeFi Villain predicts that the approval of an Ethereum spot ETF could reignite 'animal spirits' in the crypto market, reminiscent of the 2021 alt-season bull run. This could lead to significant price movements in various altcoins.

Portfolio Pulse from Khyathi Dalal

May 23, 2024 | 4:27 pm

Nvidia's (NASDAQ: NVDA) higher-than-expected Q1 earnings led to a decline in the AI-based cryptocurrency token Render (CRYPTO: RNDR), which fell 3.79%. Despite initial gains, profit-taking and high leverage positions contributed to the dip. Whale activity and increased trading volume suggest potential volatility ahead.

Portfolio Pulse from Aniket Verma

May 23, 2024 | 3:40 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.