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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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Market Vector launched the MarketVector Meme Coin Index (MEMECOIN), featuring top meme coins like DOGE and SHIB, indicating a growing mainstream adoption of meme coins. The index, which includes six meme coins with Dogecoin, Shiba Inu, and Pepe as the top components, is down 2.7% in a single day but up 186% year-over-year. Despite a -23.3% performance since its inception in October 2021, its year-to-date performance is +138%. The index's market cap stands at $44.7 billion, with its next review date on May 27, 2024.

Portfolio Pulse from Khyathi Dalal

May 09, 2024 | 12:52 pm

Floki, a cryptocurrency named after Elon Musk's dog, has become the title sponsor for the upcoming cricket series between Ireland and Pakistan, signaling its growing mainstream penetration, especially in sports. This partnership, along with previous sponsorships in cricket, aims to boost Floki's brand awareness and adoption among sports fans. Floki is trading up, contrasting with other meme cryptocurrencies like Dogecoin and Shiba Inu, which have lost value. Floki's efforts to add utility to its token, including a staking service and an asset tokenization platform, TokenFi, are part of its strategy to transcend the meme coin category.

Portfolio Pulse from Aniket Verma

May 09, 2024 | 7:20 am

Cryptocurrency markets remained stagnant with Bitcoin, Ethereum, Dogecoin, and others trading slightly down. Notable developments include FTX's plan to repay customers with interest, a major trading firm's $1B Bitcoin ETF purchase, and Hong Kong's launch of a $128M Crypto ETF Liquidity Fund. Analysts remain optimistic about Bitcoin's potential, predicting significant price targets despite current market consolidation.

Portfolio Pulse from Khyathi Dalal

May 08, 2024 | 8:03 pm

VanEck, a major ETF issuer, has launched the 'MEMECOIN' index, tracking the six largest meme coins including DOGE and SHIB. The index aims to offer diversified exposure to meme coins, with a cap of 30% on individual coin weightings. This move highlights the growing interest in meme coins as potential investment vehicles despite their speculative nature.

Portfolio Pulse from Murtuza Merchant

May 08, 2024 | 3:58 pm

Shiba Inu (CRYPTO: SHIB) has seen a 4.0% decrease in price over the last 24 hours, contrasting with a 9.0% increase over the past week. The trading volume has decreased by 35.0%, and the circulating supply has slightly decreased by 0.19%. Currently, SHIB's market cap ranks it at #12 with a value of $13.60 billion.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 3:02 pm

Shytoshi Kusama, Shiba Inu's lead developer, shared a cryptic 'EVITA' teaser, sparking speculation of potential investments in Argentina. This coincides with Elon Musk endorsing Argentina as a crypto-friendly destination and President Milei's advocacy for Bitcoin. SHIB saw a 3.05% decline in the last 24 hours.

Portfolio Pulse from Aniket Verma

May 08, 2024 | 7:40 am

Cryptocurrency markets are experiencing slight declines with major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin trading flat or down. Notable developments include a buying spree by high net worth Bitcoin holders and a significant holding of $831 million in Bitcoin ETFs by Susquehanna International Group. Analysts see more ETF inflows as key to restarting the bull run, with a focus on the potential impact of spot Bitcoin ETFs and the upcoming halving event.

Portfolio Pulse from Khyathi Dalal

May 07, 2024 | 9:14 pm

Shiba Inu (SHIB) saw a 383% increase in whale transactions and a 15x rise in new account creations following its listing on Nexo and a network upgrade that enhanced Shibarium's speed. The upgrade and listing have contributed to SHIB's transition from a meme coin to a community empowerment symbol, with significant activity on its decentralized exchange, ShibaSwap. Despite these developments, SHIB's price dropped 2.3% in the last 24 hours.

Portfolio Pulse from Khyathi Dalal

May 07, 2024 | 7:51 pm

Crypto trader Intuitio highlighted Dogecoin (DOGE) as the original meme coin with potential for a significant pump and as a 'billboard' for other meme coins like Pepe (PEPE) and Dogwifhat (WIF), while dismissing Shiba Inu (SHIB) as 'absolute crap'. Intuitio's views suggest a shift in the meme coin market, favoring PEPE and WIF for their organic growth and 'pure' meme status, contrasting with the performance of SHIB. The discussion reflects the volatile and speculative nature of meme coins in the cryptocurrency market.

Portfolio Pulse from Khyathi Dalal

May 07, 2024 | 6:02 pm

Apatheticwhale, a self-proclaimed meme coin millionaire, shared his strategy for making millions with meme coins, involving creating numerous aged Ethereum and Solana accounts to accumulate 2-4% of several promising projects. He credits his wealth to this method, having applied it successfully to cryptocurrencies like Shiba Inu, Pepe, BabyDoge, and Dogecoin, which he still holds a significant amount of.

Portfolio Pulse from Khyathi Dalal

May 07, 2024 | 2:12 pm

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