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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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Benzinga's analysis highlights the best and worst performers, with tech stocks like Microsoft showing strong growth potential, especially in AI, and Palantir boosting sales through innovative strategies. Meanwhile, concerns arise over cryptocurrency market stability and potential stock manipulation in Trump Media. Tesla faces accusations of misrepresenting Full Self-Driving capabilities, likening it to Enron.

Portfolio Pulse from Michael Cohen

April 27, 2024 | 6:03 pm

Pepe (CRYPTO: PEPE) has seen a 42% increase over the week, outperforming Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) in trading volume, indicating a shift in investor interest towards Pepe. Crypto trader Plazma's switch from WIF to PEPE preceded a 50% increase in Pepe's value, advocating for investment in 'real memes'. Despite Bitcoin's decline, Pepe shows growing independence from Bitcoin's price movements, with predictions of reaching its all-time high. Pepe's trading volume hit $1.2 billion, surpassing DOGE and SHIB, with a notable increase in transactions over $100,000, suggesting rising institutional interest.

Portfolio Pulse from Khyathi Dalal

April 26, 2024 | 3:19 pm

Shiba Inu announced an upgrade for Shibarium set to launch on May 2, aiming to enhance user experience and network capabilities. Dogecoin saw significant whale movements with over 228 million DOGE moved to Coinbase, hinting at potential developments. Institutional adoption of meme coins like Shiba Inu is growing, with Symbolic Capital Partners including SHIB in their portfolio. Analysts remain optimistic about DOGE and SHIB's future prospects despite their mixed monthly performance.

Portfolio Pulse from Khyathi Dalal

April 26, 2024 | 1:48 pm

Cryptocurrency influencer Crash predicts meme coins BRETT, BOBO, PEPE, and REDO to outperform in the current cycle, emulating the success of DOGE, SHIB, and FLOKI. Notable traders highlight the importance of altcoin selection, with Bitcoin recognized as a safe asset. The potential for meme coins to make significant gains during bull runs is emphasized, with specific coins like WIF and MYRO also mentioned as likely to explode in value.

Portfolio Pulse from Khyathi Dalal

April 26, 2024 | 10:16 am

Pseudonymous crypto influencer 'Reflection' shared techniques for identifying low-cap altcoins poised for significant growth, emphasizing market cycles, investor emotions, and the 'I'm done' pattern. He advises buying during low enthusiasm phases and focusing on coins with strong fundamentals and potential for price surges. Reflection's insights highlight opportunities in the crypto market's inefficiencies, particularly in altcoins like Dogecoin, Shiba Inu, and Dogwifhat, which meet his criteria for potential growth.

Portfolio Pulse from Khyathi Dalal

April 25, 2024 | 6:51 pm

'Dogecoin Killer' Shiba Inu (SHIB) sees a 2,092% burn rate spike and is now available for trading on Robinhood for New York residents. K9finance becomes the official LSD for Shibarium, aiming to boost its network's value and trading volume. Shibariumscan and IntoTheBlock data show significant growth in contracts and transaction volumes, indicating increased activity and interest in SHIB.

Portfolio Pulse from Khyathi Dalal

April 25, 2024 | 4:12 pm

The Shiba Inu (SHIB) token burn rate has dropped by 39.90% over the past week, coinciding with a 15% increase in SHIB's price. A significant transaction saw a whale acquiring 237 billion SHIB tokens, indicating strong market confidence. Despite a recent 7.90% price decline, SHIB has surged 148% year-to-date. Dogecoin (DOGE) and Bitcoin (BTC) also experienced price movements, with DOGE down 6.66% and BTC slightly down by 0.05% in the last 24 hours.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 9:03 am

Pepe (CRYPTO: PEPE) has seen a 50% increase over the past week, with predictions it could surpass Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) in value. Influential trader Murad cites Pepe's vast meme culture as a key factor. Despite a slight dip in the last 24 hours, the coin's significant weekly gain and a notable purchase by a whale suggest bullish sentiment. The upcoming Benzinga event will further discuss meme coins' impact.

Portfolio Pulse from Khyathi Dalal

April 24, 2024 | 6:39 pm

Shiba Inu (CRYPTO: SHIB) has seen a 4.9% decrease in price over the last 24 hours, contrasting with a 20% increase over the past week. Its trading volume has risen by 29%, and the circulating supply has grown by 0.3%, reaching 589.26 trillion. Currently, SHIB's market cap ranks it as the 12th largest, at $15.33 billion.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 3:02 pm

Shiba Inu (SHIB) experienced a significant increase in burn rate by 2,212%, with a notable transaction burning 1.8 million SHIB. Additionally, 3 trillion SHIB tokens were moved in a transaction on Robinhood, likely for security and asset management purposes. Tangem wallet now supports SHIB payments, and SHIB's price rose by 3.2% over the past 24 hours, with a 24.7% increase over the week. The trading volume for SHIB surged by 32%, and its Q1 performance showed a 416% increase in trading volume and a 178% rise in trader numbers. Shiba Inu also announced a $12 million capital raise for its Layer 3 network enhancement.

Portfolio Pulse from Khyathi Dalal

April 24, 2024 | 12:43 pm

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