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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 surged past $70,000 and Ethereum jumped 12% following news that the odds of spot Ethereum ETF approval have increased to 75%. This development, along with strong inflows into Bitcoin ETFs and a drop in Bitcoin exchange reserves, has led to a bullish sentiment in the cryptocurrency market.

Portfolio Pulse from Khyathi Dalal

May 20, 2024 | 8:13 pm

Veteran trader Unipcs, known as 'Bonk Guy,' shares his strategies for turning small investments into significant wealth through meme coins. He emphasizes the importance of community backing and liquidity in meme coin success. Unipcs remains bullish on Bonk and Floki, highlighting their potential for further growth.

Portfolio Pulse from Murtuza Merchant

May 19, 2024 | 4:05 pm

This week in cryptocurrency saw significant moves, including a top trader shifting from Bitcoin to altcoins, Uniswap CEO's political warning, and predictions for Shiba Inu and Dogecoin. Notable gains were also reported in meme coin trading.

Portfolio Pulse from Benzinga Neuro

May 19, 2024 | 10:00 am

Benzinga reviewed the prospects of popular stocks and cryptocurrencies, highlighting significant market movements and company-specific news. The Dow Jones Industrial Average closed above 40,000 for the first time, while the S&P 500 and Nasdaq also saw gains. Key stories included Tesla's new Model Y lease option, Shiba Inu's potential breakout, Biden's marijuana rescheduling impacting Canopy Growth and Tilray, and Citron Research's short position on GameStop.

Portfolio Pulse from Michael Cohen

May 18, 2024 | 12:45 pm

Bitcoin is expected to rise due to demand outstripping supply, according to crypto analyst Ali Martinez. The price of Bitcoin has rebounded 10% in the last 7 days, with long-term holders adding more BTC to their positions. Institutional interest in spot Bitcoin ETFs has also contributed to the positive market sentiment.

Portfolio Pulse from Benzinga Neuro

May 18, 2024 | 5:49 am

Cryptocurrency markets are rallying with significant inflows into Bitcoin ETFs. Morgan Stanley disclosed a $270 million investment in the Grayscale Bitcoin ETF. Spot Bitcoin ETFs posted $1.3 billion net inflows in two weeks, reversing negative flows from April. Analysts predict Bitcoin could reach $80,000.

Portfolio Pulse from Khyathi Dalal

May 17, 2024 | 8:27 pm

A Shiba Inu (SHIB) whale turned $1.68 million into $4.88 million after more than two years, realizing a profit of $3.2 million. This highlights the potential benefits of patience in the volatile crypto market. SHIB is currently trading at $0.00002496, up 1.5% over the past 24 hours.

Portfolio Pulse from Khyathi Dalal

May 17, 2024 | 3:14 pm

Shiba Inu's lead developer, Shytoshi Kusama, praised the team for integrating ShibaSwap with the Shibarium network, highlighting future developments. This integration allows ShibaSwap to operate across multiple chains, enhancing liquidity management.

Portfolio Pulse from Aniket Verma

May 17, 2024 | 8:38 am

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, are experiencing a dip despite a Senate vote to overturn a controversial SEC rule and significant inflows into Bitcoin ETFs. Notable developments include Morgan Stanley's $270M investment into Bitcoin ETFs and Robinhood's crypto trading volume slump.

Portfolio Pulse from Khyathi Dalal

May 16, 2024 | 8:48 pm

A new study by scholars from Indiana University, Harvard Business School, and Texas A&M University reveals that tweets from crypto-influencers initially boost cryptocurrency prices but lead to significant negative returns in the long term. The study highlights the potential for conflicts of interest and supports regulatory concerns about social media influencers misleading investors.

Portfolio Pulse from Murtuza Merchant

May 16, 2024 | 4:27 pm

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