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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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Crypto influencer Rekt Fencer went viral for exposing how market makers manipulate cryptocurrency prices to profit from trading activities. Fencer detailed strategies used by traditional market makers and those acting as project advisors, emphasizing their role in liquidity provision and price manipulation through tactics like pumps, dumps, and distributions. The influencer's insights aim to help traders recognize and navigate these manipulations, highlighting a case with DWFLabs and Floki, which saw a 772% price pump. The discussion also touches on the broader impact of market makers on meme coins and the cryptocurrency market.

Portfolio Pulse from Khyathi Dalal

April 23, 2024 | 8:00 pm

Cryptocurrency trader Vapor predicts that at least three meme coins will surpass a $100 billion market cap, highlighting their advantages over other crypto investments. Meme coins are seen as simpler, more sustainable, more liquid, and safer than other options. The Benzinga Twitter poll showed GME Coin, Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe (PEPE) as top meme coins according to readers' votes. This prediction underscores the growing influence and potential of meme coins in the cryptocurrency market.

Portfolio Pulse from Khyathi Dalal

April 23, 2024 | 3:39 pm

Jesse Pollak, creator of Coinbase's Base, credits the rise of memecoins like Dogecoin, Shiba Inu, and Dogwifwhat for the significant user adoption of the Base layer-2 network. He highlights the role of memes in attracting new users and fostering a creative community, predicting that memecoins will continue to be a major driver of adoption.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 12:51 pm

Shiba Inu (CRYPTO: SHIB) has seen a price increase of 3.95% in the last 24 hours, reaching $0.000027, with a weekly gain of over 26%. The trading volume has decreased by 35% over the past week, while the circulating supply increased by 0.4% to 589.26 trillion. SHIB's market cap ranks it #12 at $15.76 billion.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 7:01 pm

A crypto expert, Wizard Of SoHo, reported on X about Middle East billionaires from Dubai, Qatar, and Kuwait showing a strong interest in launching their own meme coins, a trend that challenges the traditional financial interests. These billionaires are looking to engage with meme coins both as investors and creators, indicating a shift in the financial landscape where meme coins are gaining serious attention. The article also mentions meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Dogwifhat (WIF) as examples of this growing interest.

Portfolio Pulse from Khyathi Dalal

April 22, 2024 | 5:26 pm

Shiba Inu (SHIB) has seen a 19% increase in value over two days, raising $12M for its new blockchain through a token sale of TREAT to non-U.S. investors. The funds were raised from notable investors including Polygon Ventures and Animoca Brands. The new Layer-3 blockchain aims to enhance privacy, with TREAT serving as its utility and governance token. Additionally, a temporary outage in the Shibarium network was resolved, and significant increases in transaction volumes and fees were reported. Analyst Javon Marks predicts a potential 69% recovery for SHIB to its 2024 highs.

Portfolio Pulse from Khyathi Dalal

April 22, 2024 | 2:35 pm

The cryptocurrency market experienced significant events this week, including Bitcoin's fourth halving, a shift in Raoul Pal's crypto portfolio favoring Solana over Ethereum, a notable increase in Shiba Inu's token burn rate, and a lack of response to Elon Musk's Dogecoin tweet. Despite these developments, Bitcoin's price saw a slight increase, and predictions suggest a potential rebound.

Portfolio Pulse from Navdeep Yadav

April 21, 2024 | 1:02 pm

Shiba Inu (CRYPTO: SHIB) has seen a 172% increase in its burn rate, coinciding with a market price rebound. The burn removed over 5 million SHIB tokens, contributing to a recovery from recent lows. SHIB's price has risen, trading up by 3% in the last 24 hours. The Shiba Inu community is excited about ecosystem upgrades, including a user interface update for Shibarium and expanded wallet compatibility.

Portfolio Pulse from Bibhu Pattnaik

April 20, 2024 | 2:58 pm

Shiba Inu (SHIB) sees a 55% spike in whale transactions and a 1.4% increase in price, amid broader crypto market optimism. Lucie, Shiba Inu's marketing lead, expressed confidence in the coin's future on X, highlighting its sustained position and development efforts. The Shibarium network launched a new UI update, enhancing user experience and wallet compatibility. Crypto investor Jake Gagain predicts SHIB could reach a $100 billion market cap by 2025, supported by IntoTheBlock and CoinGlass data indicating strong buying demand and market stability.

Portfolio Pulse from Khyathi Dalal

April 19, 2024 | 3:51 pm

The article discusses the evolution of meme coins since the last Bitcoin halving, highlighting the significant growth in market capitalization to $49.3 billion. Dogecoin and Shiba Inu remain the top players, with new entrants like Dogwifhat and Pepe gaining traction. The piece also mentions token burning strategies by Shiba Inu, Floki, and Bonk to reduce supply and potentially increase prices. The meme coin market's profitability and concerns over utility and scams are addressed, with anticipation of a Bitcoin bull run potentially benefiting altcoins.

Portfolio Pulse from Khyathi Dalal

April 18, 2024 | 6:17 pm

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