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

Pepe (PEPE) has seen a significant increase, with a 58% gain month-over-month, leading crypto trader Crashius Clay to predict its outperformance in the market. Clay, holding over $1 million in PEPE, anticipates a market frenzy and highlights the importance of disciplined investing. The meme coin's potential has sparked discussions on Crypto Twitter, with predictions of its market cap reaching $50 billion, up from its current $3.7 billion. IntoTheBlock data indicates a rise in Pepe holders' balances and a majority making a profit, contrasting with its negative correlation with Bitcoin.

Portfolio Pulse from Khyathi Dalal

May 13, 2024 | 1:09 pm

Shiba Inu (SHIB) is experiencing developments that could lead to a significant price breakout, with trader Javon Marks predicting a potential 4X increase. CoinGate has added SHIB support for transactions, indicating growing mainstream adoption. The meme coin has shown strong performance, with a +810% move since mid-2023, and current indicators suggest a bullish trend.

Portfolio Pulse from Khyathi Dalal

May 13, 2024 | 11:47 am

Memecoins like Pepe, Floki, and Dogecoin have shown resilience in the current cryptocurrency market downturn, with gains of 17%, 11%, and 8.5% respectively over the past two weeks. In contrast, newer memecoins and tokens like Popcat, MAGA Coin, and Jeo Boden have underperformed, with Jeo Boden crashing 37%. The performance of established memecoins highlights their community support and ability to navigate bearish markets.

Portfolio Pulse from Aniket Verma

May 13, 2024 | 9:05 am

Benzinga's weekly review highlights bullish and bearish perspectives on stocks like Nvidia, Starbucks, Palantir, and insights into meme coin investments. Key financial indicators and upcoming events, such as the Consumer Price Index report and a speech by the Federal Reserve Chair, are also noted. Bullish views include Palantir's buying opportunity post-Q1 earnings, Disney's DTC unit's profitability, and an investor's success with meme coins. Bearish takes involve Hertz's wrongful Tesla refueling charge, Starbucks' sales slump due to Middle Eastern policy backlash, and a significant Nvidia stake sale by a former Soros fund manager.

Portfolio Pulse from Michael Cohen

May 11, 2024 | 1:25 pm

Cryptocurrency markets are currently facing a downturn, with Bitcoin barely holding onto the $60,000 level amid various challenges including falling consumer sentiment and a significant amount of token unlocks. Major cryptocurrencies have seen declines, with Bitcoin, Ethereum, Dogecoin, and others experiencing drops in their values. Despite this, there's a notable increase in Bitcoin's large transaction volume and exchange inflows/outflows. Additionally, Bitcoin ETFs have seen net inflows, and there are predictions of Bitcoin's price reaching $1M by 2030. Analysts suggest that Bitcoin may have one more significant upward move before topping out, with altcoins expected to outperform.

Portfolio Pulse from Khyathi Dalal

May 10, 2024 | 8:16 pm

Technical analysis of Dogecoin (DOGE) and Shiba Inu (SHIB) shows bullish trends for both, with DOGE's RSI at 50.5 indicating neutrality and SHIB's RSI at 33.3 suggesting potential oversold conditions. Both coins lead the $50.7 billion meme coin market, with significant holder profitability and adoption milestones like Shiba Inu's blockchain launch and Dogecoin's acceptance by Tesla.

Portfolio Pulse from Khyathi Dalal

May 10, 2024 | 6:46 pm

CryptoKoryo, a pseudonymous crypto researcher, shared insights on trading meme coins, emphasizing the high-risk, high-reward nature of such investments. He outlined three waves of adoption for meme coins, ranging from the riskiest early-stage coins to established ones like Dogecoin and Shiba Inu. He advised on combining on-chain analysis with social media trends for better trading outcomes, cautioning against overnight riches and highlighting the increased supply and competition among meme coins.

Portfolio Pulse from Khyathi Dalal

May 10, 2024 | 4:26 pm

Cryptocurrency markets are experiencing slight gains amid news of Donald Trump accepting crypto donations and Market Vector's launch of the Meme Coin Index. Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show marginal increases. Notably, exchange netflows have significantly dropped, and major U.S. banks are exploring tokenized asset settlements. Robinhood analysts express optimism for crypto volumes, and there's a positive outlook for the approval of Spot Ether ETFs.

Portfolio Pulse from Khyathi Dalal

May 09, 2024 | 8:09 pm

Shiba Inu (SHIB) experiences a 397% burn rate increase and significant growth in Shibarium statistics. Marketing lead Lucie highlights SHIB's price correlation with Bitcoin and its potential for growth with increased adoption. Shibariumscan data shows a 65% increase in active accounts, and IntoTheBlock reports a 17% rise in large transaction volumes. SHIB's price slightly rose by 0.2%.

Portfolio Pulse from Khyathi Dalal

May 09, 2024 | 6:46 pm

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.