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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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Dogwifhat (WIF), a meme coin on the Solana blockchain, surged 32% after Elon Musk tweeted a photo of his dog in a St. Patrick's Day hat, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB). The tweet led to increased trading activity for meme coins on Solana, with WIF's volume hitting $568 million, surpassing BONK. DOGE and SHIB saw smaller gains of 3% and 8%, respectively.

Portfolio Pulse from Mehab Qureshi

March 18, 2024 | 4:28 am

Nearly 30 million Shiba Inu (SHIB) tokens were burned, removing them permanently from circulation amid a significant market downturn. This action is part of efforts to make SHIB more scarce, potentially increasing its value. SHIB's price fell by 19.20% over two days, reflecting a broader cryptocurrency market correction led by Bitcoin's (BTC) retreat from its peak. Additionally, 382 billion SHIB tokens were moved to an unknown wallet in two large transactions, sparking speculation among investors.

Portfolio Pulse from Bibhu Pattnaik

March 17, 2024 | 3:46 pm

Shiba Inu (SHIB) experienced a 933% surge in burn rate and an 8% increase in daily active addresses, indicating heightened activity and interest in the meme coin. Two significant transactions contributed to the burn rate increase, while a transfer of 1 trillion SHIB tokens to GateIO spiked price volatility. The rise in large transactions suggests growing institutional interest. Additionally, SHIB short positions liquidation increased significantly, and the coin is ranked third in social interactions.

Portfolio Pulse from Khyathi Dalal

March 16, 2024 | 12:30 pm

Crypto analyst Michael van de Poppe advises investors not to fear the recent dip in Bitcoin's value, viewing it as a buying opportunity, especially for Dogecoin, Shiba Inu, and other altcoins. He predicts a potential 2-5x gain in altcoins post-correction, suggesting a bullish market cycle is beginning. Despite some analysts' warnings of a market downturn, El Salvador continues its Bitcoin acquisition, showing confidence in its value.

Portfolio Pulse from Rounak Jain

March 16, 2024 | 11:00 am

Floki Inu (CRYPTO: FLOKI) experienced a 4.2% drop to $0.0002669, influenced by a broader cryptocurrency market pullback led by Bitcoin's decline after reaching a new all-time high of $73,000. The market's sentiment-driven nature and speculative trading behaviors contribute to such volatility. Floki Inu, a spinoff of Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), reacts to market movements alongside other altcoins.

Portfolio Pulse from Henry Khederian

March 15, 2024 | 11:59 pm

Franklin Templeton's report highlights the growing relationship between meme coins and the Solana blockchain, noting the increased adoption and usage of Solana due to its popularity among meme coins like BONK. The report points out the significant rise in Solana's daily active user addresses and its impressive 695% growth over the last year, outperforming Ethereum and other cryptocurrencies.

Portfolio Pulse from Chris Katje

March 14, 2024 | 10:10 pm

Shiba Inu (SHIB) is experiencing a bullish sentiment with a 224.4% monthly gain, overshadowing Dogecoin. Trading volumes have surged by 102.3%, with a notable increase in whale transactions and a 427.55% spike in the burn rate. Crypto.com has also boosted SHIB's visibility by listing it and featuring it prominently in their app title. Analyst Javon Marks predicts a potential +147% upside for SHIB if it breaks and holds above $0.00008.

Portfolio Pulse from Khyathi Dalal

March 14, 2024 | 9:00 pm

Crypto analyst Andrew Kang predicts that the frog-themed meme coin Pepe (CRYPTO: PEPE) will outperform Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), citing Elon Musk's recent preference for Pepe. Despite past challenges, Pepe has seen a significant rise, with its value increasing by 842% over the past month and its market capitalization surpassing $4 billion. Musk's indirect association with Pepe could further drive its value, even as he recently endorsed Dogecoin at a Tesla event.

Portfolio Pulse from Murtuza Merchant

March 14, 2024 | 7:46 pm

Dogwifhat (WIF) saw a 26% increase in value, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB), with its market cap surpassing $3 billion. Arthur Hayes and Raoul Paul expressed support for WIF. A significant trade was highlighted where a trader sold 8.18 million WIF tokens for a 10x profit. The meme coin's marketing stunts, including a Vegas Sphere display, have contributed to its popularity. Speculation about Coinbase listing WIF in 2024 and bullish sentiment from traders suggest a positive outlook for the coin.

Portfolio Pulse from Khyathi Dalal

March 14, 2024 | 6:39 pm

The 'Jeo Boden' meme coin, inspired by a humorous misspelling of U.S. President Joe Biden's name, surged 252% in value on the Solana blockchain, leading to a broader interest in meme coins including Dogecoin and Shiba Inu. This trend coincides with Bitcoin reaching new price highs, indicating a growing interest in cryptocurrency investments. A notable investor, Barkery, turned a $260 investment into $423,000 by trading BODEN tokens.

Portfolio Pulse from Murtuza Merchant

March 14, 2024 | 4:47 pm

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