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SHIBUSD

Shiba Inu / US Dollar

https://shibatoken.com/

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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Shiba Inu (SHIB) experienced a 7.6% increase in value following significant whale transactions, including the movement of 1.75 trillion SHIB coins from a Robinhood wallet. The ecosystem is seeing upgrades with the recent Bor hard fork and the upcoming Heimdall hard fork aimed at improving transaction reliability. Tron founder Justin Sun expressed support for meme coin projects at the Token 2049 conference. Shiba Inu's trading volumes approached $1 billion with a 9.8% price surge and a 67.1% increase in large transaction volume.

Portfolio Pulse from Khyathi Dalal

May 02, 2024 | 5:38 pm

Dogecoin (DOGE) and Shiba Inu (SHIB) have seen significant volatility, with a bullish outlook for SHIB based on a bull flag formation and DOGE finding support after a 40% drop. Large transaction volumes and active addresses for DOGE have increased, while SHIB's active accounts and transaction fees surged. Both cryptocurrencies are currently trading down.

Portfolio Pulse from Khyathi Dalal

May 01, 2024 | 8:15 pm

Crypto trader 'apatheticwhale' attributes Shiba Inu's success to its unique character, lore, and mission, setting it apart as the 'Doge Killer.' The importance of intellectual property (IP) in meme coins is emphasized, with Shiba Inu creating its own IP rather than repurposing existing memes. The discussion includes the potential challenges meme coins face regarding IP and legal implications. SHIB and DOGE saw significant price drops over the past 30 days.

Portfolio Pulse from Khyathi Dalal

May 01, 2024 | 2:09 pm

Cryptocurrency trader Kevin predicts the upcoming FOMC meeting could significantly impact the crypto market, with potential for sharp movements based on the Federal Reserve's stance on interest rates. Historical data shows Bitcoin, Dogecoin, and Shiba Inu reacted to the last FOMC meeting, and similar volatility is expected. Bank of America's economist anticipates no immediate rate changes, focusing on future policy actions.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 4:53 pm

Revolut's customers have significantly increased their holdings in Pepe (PEPE), surpassing Ethereum (ETH) in total holdings. PEPE's price is down 1.3% despite a 309% increase in holdings and a 1,700% increase in dollar value. Shiba Inu (SHIB) also saw growth, with a 23% increase in tokens and a 300% increase in dollar value. Large transaction volumes for PEPE have grown by 11.2%, and 71% of PEPE holders remain in profit despite a 15.5% price drop over the past month. Traders are optimistic about PEPE's potential for a breakout.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 12:10 pm

Shiba Inu (CRYPTO: SHIB) is down 5.3% despite a 144% increase in active accounts and a 73.4% rise in trading volume, indicating growing investor optimism. ShibaSwap's expansion to operate on Shibarium and Ethereum networks, with Bone as the gas fee token, aims to enhance SHIB's utility. The increase in transactions and active accounts, along with a significant portion of SHIB holders in profit, suggests a positive outlook for SHIB despite the current price drop.

Portfolio Pulse from Khyathi Dalal

April 29, 2024 | 7:46 pm

Shiba Inu (CRYPTO: SHIB) has seen a 4.47% decrease in price over the last 24 hours, continuing a negative trend with a 13% loss over the past week. The trading volume for SHIB has decreased by 45%, while the circulating supply has slightly increased by 0.08%, leading to a current market cap of $13.96 billion, ranking it #12.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 3:03 pm

Veteran trader 'Cold Blooded Shiller' speculates that certain altcoins, including meme coins, may become irrelevant as the market favors stronger performers and Bitcoin. He notes that some altcoins have failed to maintain their gains, using Polygon (MATIC), Lido (LDO), and ApeCoin (APE) as examples, while others like Dogecoin (DOGE) and Shiba Inu (SHIB) have shown notable gains. The discussion raises questions about the future relevance of underperforming altcoins.

Portfolio Pulse from Khyathi Dalal

April 29, 2024 | 2:10 pm

The article discusses the current state and future prospects of meme coins in the cryptocurrency market, highlighting the skepticism from venture capitalists (VCs) and the impact of meme coins on the crypto industry's legitimacy. It mentions specific cryptocurrencies like Bitcoin (BTC), Apecoin (APE), Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Dogwifhat (WIF), Bonk (BONK), and Solana (SOL), providing insights into their performance and the broader implications for the crypto market.

Portfolio Pulse from Ivan Crnogatić

April 28, 2024 | 9:10 pm

The cryptocurrency market experienced significant events this week, including a 2,211.9% increase in Shiba Inu's burn rate, concerns about market overvaluation, Pepe's potential to outperform Shiba Inu and Dogecoin, the role of memecoins in the adoption of Base's L2 network, and Cathie Wood's prediction that Ethereum could reach a $20 trillion market cap by 2032.

Portfolio Pulse from Benzinga Neuro

April 28, 2024 | 11:04 am

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