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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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PEPE Coin (CRYPTO: PEPE) has seen a significant surge in its market cap to over $3 billion, challenging Shiba Inu (CRYPTO: SHIB) in the memecoin market. PEPE's limited supply and recent price action suggest potential for further growth. Despite SHIB's larger community and higher ranking, PEPE's rising popularity and Elon Musk's interest could disrupt the memecoin hierarchy. This development coincides with the broader cryptocurrency market's anticipation of the Bitcoin halving event.

Portfolio Pulse from Murtuza Merchant

April 04, 2024 | 11:27 am

Shiba Inu (SHIB) has surpassed Bitcoin (BTC) in trading volume on WazirX, one of India's leading crypto exchanges, amid a surge in interest for meme coins in the country. The top five traded tokens on WazirX for March, excluding Bitcoin, were all meme coins, with SHIB leading. This trend reflects a broader interest in meme coins, with SHIB planning expansions beyond its meme coin status.

Portfolio Pulse from Shomik Sen Bhattacharjee

April 04, 2024 | 6:49 am

A study by Bombastic.com using Google search data revealed Michigan's most popular cryptocurrencies, with Bitcoin (BTC) leading, followed by Binance Coin (BNB), Ripple (XRP), EOS, and Shiba Inu (SHIB). The study highlights the diverse interests of Michigan residents in both established and emerging cryptocurrencies.

Portfolio Pulse from Murtuza Merchant

April 03, 2024 | 10:21 pm

Dogwifhat (CRYPTO: WIF) experienced a 20% price increase over the past week, reaching a $4 billion valuation. A significant trade involving 10,000 SOL tokens for 776,830 WIF tokens resulted in a $1.27 million unrealized profit for the trader. Predictions suggest WIF could surpass $5 if Bitcoin exceeds $70K. Dogwifhat's monthly gains stand at 116%, outperforming Shiba Inu (CRYPTO: SHIB), which saw a 24% monthly loss. Despite lacking real-world utility, meme coins like Dogwifhat and Shiba Inu show strong market performance correlated with broader cryptocurrency trends.

Portfolio Pulse from Khyathi Dalal

April 03, 2024 | 8:17 pm

Shiba Inu (SHIB) has experienced significant whale transactions, including a transfer of 1 trillion SHIB tokens, and a 2,330% increase in its monthly burn rate. Notable transactions include transfers to and from Robinhood, Cumberland, and Kucoin. Despite a slight weekly price decrease, SHIB has been profitable for 62% of its holders and has seen a recent 2% price increase.

Portfolio Pulse from Khyathi Dalal

April 03, 2024 | 2:35 pm

CHUCK, a new meme coin built on Ethereum, surged 25,800% hours after its launch, outperforming Dogecoin and Shiba Inu. With a market cap of $4.16 million and a trading volume of over $6.62 million, CHUCK aims to 'Make Ethereum Great Again', distinguishing itself from other meme coins on the Solana blockchain.

Portfolio Pulse from Mehab Qureshi

April 03, 2024 | 8:14 am

Ansem's Cat, a meme coin named after Solana influencer Ansem's cat, Hobbes, reached a $100M valuation in 24 hours. This surge is part of a broader 'cat mania' in the meme coin market, with cat-themed coins gaining traction and closing the valuation gap with dog-themed coins like Dogecoin and Shiba Inu. The market cap of cat coins has hit $1.9 billion, while dog coins are valued at $52 billion. Ansem has been instrumental in promoting Solana meme coins.

Portfolio Pulse from Ivan Crnogatić

April 02, 2024 | 6:58 pm

The 'Dogecoin Killer' Shiba Inu's burn rate has surged by 2,300%, with significant developments like Shibarium and token burns highlighted. Veteran crypto trader Altcoin Sherpa views Shiba Inu as high-frequency trading and advises patience, noting its potential to occasionally outperform Dogecoin despite a capped upside. The recent burn rate increase and a surge in large transaction volume indicate active interest, but the future price trajectory remains dependent on the broader cryptocurrency market.

Portfolio Pulse from Khyathi Dalal

April 02, 2024 | 5:59 pm

Dogwifhat (WIF), dubbed the 'Shiba Inu Killer', has seen a decline of 11.5% but is still considered 'the best active trade right now' by trader Altcoin Sherpa, despite the recent dip in cryptocurrency prices. WIF's advantages include being a market leader in volume, a leading Solana meme, great liquidity, and being in price discovery. However, risks include the unpredictability of the uptrend's end, the volatile nature of meme coin trading, potential unit bias, and less favorable risk-to-return for new investors. Dogwifhat's recent performance has placed it in the top 40 cryptocurrencies, with a significant 129% increase over the past month, outperforming Shiba Inu's 19% gain.

Portfolio Pulse from Ivan Crnogatić

April 02, 2024 | 1:40 pm

Trader and analyst Davinci Jeremie, known for his early advocacy of Bitcoin, has now shown interest in Shiba Inu, referring to it as the 'Dogecoin Killer'. Jeremie, who famously urged investment in Bitcoin in 2013, responded affirmatively to a query about buying Shiba Inu. Despite Shiba Inu's recent price dip, analysts remain bullish, with predictions of a significant price increase based on Elliott Waves analysis.

Portfolio Pulse from Mehab Qureshi

April 02, 2024 | 11:01 am

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