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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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'Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) experienced an 84% decrease in its burn rate over the last 24 hours, with only 12.47 million coins burned. This decline is attributed to reduced activity on its layer-2 blockchain, Shibarium, despite a previous upward trend in token burning. SHIB's price fell nearly 5% in the same period, with trading volume increasing by 70%.

Portfolio Pulse from Aniket Verma

May 07, 2024 | 8:49 am

Cryptocurrency markets saw a downturn despite strong ETF inflows on Friday, with major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin trading lower. The market experienced significant liquidations and a drop in exchange outflows. Noteworthy developments include Bitcoin reaching one billion transactions and regulatory attention from the SEC towards Robinhood's crypto business. Analyst Max Keiser highlighted Bitcoin's role in the U.S. economy's challenges.

Portfolio Pulse from Khyathi Dalal

May 06, 2024 | 8:32 pm

Cryptocurrency trader Lark Davis cautions that Bitcoin could still face a correction despite bullish indicators like MACD bull cross and RSI breakout. He notes Bitcoin's strength and potential for a rally, but warns investors not to get overly confident. Davis also discusses the altcoin market, highlighting Ethereum's Layer-2 networks, competition among top blockchains like Cardano, Polkadot, and Avalanche, and the rise of meme coins such as Shiba Inu and Pepe.

Portfolio Pulse from Khyathi Dalal

May 06, 2024 | 5:55 pm

The cryptocurrency market experienced a volatile week, with Shiba Inu's burn rate surging by 800%, leading to positive sentiment and price increases. Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin faced heavy losses in April but saw a rally as market sentiment improved in May. The article also discusses the potential fading of certain altcoins in favor of stronger performers and Bitcoin, and speculates on the future performance of Dogecoin and Shiba Inu.

Portfolio Pulse from Benzinga Neuro

May 05, 2024 | 5:15 am

MAGA Memecoin (CRYPTO: TRUMP), a Trump-themed cryptocurrency, is gaining attention as the 2024 election approaches, with its chief marketing officer, Steven Steele, suggesting its value could rise with Donald Trump's potential re-election. The coin, which has donated over $1 million in Ethereum to charity, aims to rival Dogecoin and Shiba Inu in popularity. Despite competition from other political meme coins like BODEN, Steele remains optimistic about TRUMP's prospects. Donald Trump's changing stance on cryptocurrencies and his significant holding in TRUMP add to the coin's visibility.

Portfolio Pulse from Ivan Crnogatić

May 04, 2024 | 5:08 pm

Benzinga's analysis highlights market optimism following Federal Reserve Chair Jerome Powell's hint at pausing interest rate hikes, contributing to gains in major indices. Bullish views include Tesla's potential rise due to short sellers and Apple's positive outlook post-Q2 earnings. Bearish perspectives focus on AMC's debt concerns, Bitcoin's need for privacy enhancements, and Starbucks' sales challenges. Notably, Shiba Inu is predicted to experience a bullish breakout, contrasting with the cautious stance on AMC and the urgent privacy call for Bitcoin.

Portfolio Pulse from Michael Cohen

May 04, 2024 | 12:53 pm

Cryptocurrency markets rallied with Bitcoin surpassing $60,000, driven by positive macro data and market sentiment. Major cryptos like Ethereum, Dogecoin, and others saw gains. Liquidations totaled $139.22 million, with significant exchange inflows and outflows reported. Spot Bitcoin ETFs experienced a net outflow, while Bitcoin whales accumulated 47,000 BTC. Developments include potential benefits of Hong Kong's Spot Bitcoin ETFs and delayed decisions on Bitcoin-related ETFs by the SEC. Analysts predict further gains if Bitcoin surpasses $67,000.

Portfolio Pulse from Khyathi Dalal

May 03, 2024 | 7:47 pm

Shiba Inu (CRYPTO: SHIB) has seen a 3.8% increase in price over the last 24 hours, reaching $0.000024, despite a 6.0% decrease over the past week. Its trading volume rose by 2.0%, and the circulating supply increased by 0.15% to 589.26 trillion, ranking it #12 with a market cap of $14.13 billion.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 7:00 pm

Shiba Inu (CRYPTO: SHIB) burn rate has surged 800%, with millions of coins burned, driving positive market sentiment and a 4.5% price increase. Kraken Pro listed SHIB for new margin pairs, amid broader interest in meme coins and their market impact. The SHIB community's commitment is highlighted by the holding of 733.6 trillion SHIB coins across 653,530 addresses, remaining profitable despite price fluctuations.

Portfolio Pulse from Khyathi Dalal

May 03, 2024 | 6:20 pm

Cryptocurrency markets saw a rebound on Thursday, with Bitcoin and other major cryptocurrencies like Ethereum, Solana, Dogecoin, and Shiba Inu posting gains. Open interest in Bitcoin hit its lowest in two months, while notable developments included PayPal allowing U.S. users to buy cryptocurrencies and MicroStrategy launching a decentralized identity service. BlackRock anticipates renewed interest in Bitcoin ETFs. Top gainers included Arweave, Pepe, and Axelar. Analysts suggest Bitcoin needs to reclaim higher levels to confirm a positive trend.

Portfolio Pulse from Khyathi Dalal

May 02, 2024 | 8:09 pm

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