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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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Shiba Inu (SHIB) experienced a slight dip of 0.8% despite a large transaction of 692.4 billion SHIB tokens worth $19.26 million from a Crypto.com wallet to an unknown wallet. This transaction increased the unknown wallet's value to $53.3 million. Additionally, a significant burn of SHIB tokens occurred, increasing the burn rate by 338.3%. Despite these activities and a 47.8% increase in large transaction volume, SHIB's price has not capitalized on the broader market rally, trading down 0.8% on the day.

Portfolio Pulse from Khyathi Dalal

April 08, 2024 | 2:46 pm

Shiba Inu (CRYPTO: SHIB) is showing signs of a potential price surge, driven by increased social engagement, token withdrawal patterns, and a high LunarCrush AltRank. Key indicators include a significant outflow of SHIB tokens from exchanges, a 61.02% increase in token burn rate, and the development of its Shibarium layer-2 solution. SHIB's price has risen by almost 6% in the last 24 hours.

Portfolio Pulse from Bibhu Pattnaik

April 07, 2024 | 4:40 pm

The article discusses the impact of crypto on society, focusing on Friend.tech's upcoming airdrop, influencer Ansem's role in the crypto community, and broader concerns about the 'dumbing down of America.' Friend.tech, likened to a crypto version of Onlyfans, is gaining attention for its airdrop of $FRIEND tokens. Ansem, a prominent Solana supporter, is highlighted for his market influence. The piece also touches on societal shifts towards a service and information economy, as critiqued by Carl Sagan in 1995, suggesting crypto may be exacerbating these trends.

Portfolio Pulse from Ivan Crnogatić

April 07, 2024 | 2:54 pm

Wall Street experienced significant declines, with the Dow dropping 2.27% in its steepest weekly fall of 2024. Treasury yields spiked following a report of higher-than-expected job growth. Bullish views include Tesla's AI project potential, Apple's new AI model ReALM, and support for Shiba Inu. Bearish perspectives involve Meta sharing user data, challenges for Bitcoin spot ETFs, and Hertz's issues with Tesla EVs.

Portfolio Pulse from Michael Cohen

April 06, 2024 | 12:56 pm

Shiba Inu (CRYPTO: SHIB) has experienced a 3.88% decrease in price over the last 24 hours, marking a continuation of its 13.0% decline over the past week. The trading volume for SHIB has also decreased by 36.0%, with its circulating supply slightly down by 0.08%. Currently, SHIB's market cap ranks it as the 13th largest, valued at $15.81 billion.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 7:01 pm

Arkham Intelligence highlighted the 'top five fumbles' by cryptocurrency traders in 2024, missing out on over $200 million by selling meme coins too early. Instances include significant losses on Dogwifhat (WIF), Book Of Meme (BOME), Jeo Boden (BODEN), Degen (DEGEN), and Brett (BRETT). The report underscores the volatility and timing criticality in the cryptocurrency market, referencing past successes and failures like the 'Dogecoin millionaire.' The upcoming Benzinga's Future of Digital Assets event will further explore meme coins and Bitcoin's institutional impact.

Portfolio Pulse from Khyathi Dalal

April 05, 2024 | 3:30 pm

A cryptocurrency trader, Crash, turned a $15K investment in meme coin Brett (BRETT) into $5.4M, aiming for $50M. Brett, described as this bull run's SHIB, saw its market cap soar from $1.6M to over $600M. Despite criticism, Crash remains confident, predicting BRETT could reach $1-$8. The growth of meme coins like BRETT, and their impact on the crypto market, continues to draw attention.

Portfolio Pulse from Ivan Crnogatić

April 05, 2024 | 1:01 pm

Dawkoins (CRYPTO: DAW), a meme coin inspired by Richard Dawkins, is currently trading at $0.0016 and is at a key support level, indicating potential for a 600% surge according to crypto analyst Moon. The coin, launched in tribute to Dawkins' 83rd birthday, has seen significant interest, including a humorous acknowledgment from Elon Musk. Dawkoins has already demonstrated impressive gains, with one trader turning $3,000 into $215,000.

Portfolio Pulse from Mehab Qureshi

April 05, 2024 | 9:29 am

'Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) saw a 6% price increase and a 46% spike in daily transactions to 7.24K, alongside a significant increase in large holder net flow by 1,058%. The movement of approximately 184 billion SHIB by three new wallets from Binance and Coinbase, worth around $4.9 million, and a strong LunarCrush AltRank of 2 indicate bullish momentum. However, trading volume is down by 18.3%. These developments come amid a broader interest in meme coins and their impact on the digital asset space.

Portfolio Pulse from Khyathi Dalal

April 04, 2024 | 9:42 pm

Jeo Boden (BODEN), a Solana-based meme coin parodying President Joe Biden, has surpassed a $500 million market cap, marking a 40% surge and an 82% weekly gain. Popular in China, BODEN's rise is attributed to discussions on WeChat about Biden's gaffes. The coin now doubles the market cap of its rival, MAGA Memecoin (TRUMP). Social media predicts further growth, comparing its trajectory to other meme coins like dogwifhat (WIF) and suggesting mainstream media coverage at a $1 billion market cap.

Portfolio Pulse from Ivan Crnogatić

April 04, 2024 | 7:11 pm

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