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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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Myro (CRYPTO: MYRO), dubbed the 'Shiba Inu of Solana', surged 31% in 24 hours, reaching a new all-time high of $0.4378 and a market cap over $400 million. This follows recent listings on Uphold and SunCrypto, and a positive outlook from analysts and traders. Comparatively, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) saw gains of 8.5% and 2.5% respectively. Traders predict further significant growth for Myro, with technical analysis suggesting a potential rise to $2.17.

Portfolio Pulse from Khyathi Dalal

March 14, 2024 | 4:35 pm

Dogecoin (DOGE) and Shiba Inu (SHIB) have seen significant gains, but not as much as other meme coins. SHIB's long-term holder addresses decreased, and its burn rate and daily transactions have dropped. DOGE's holders in a specific range have also decreased, but its price correlation with Bitcoin is high. Technical analysis suggests DOGE's major gains are yet to come. Binance waived interest fees for borrowing several meme coins, including DOGE and SHIB, to possibly promote them. Despite some concerns, analysts remain bullish on these tokens.

Portfolio Pulse from Khyathi Dalal

March 13, 2024 | 9:20 pm

Pepe (PEPE), a frog-themed meme coin, surged 10% following significant whale movements and a tweet from Elon Musk featuring the Pepe meme. The tweet led to speculation about Musk's interest in Pepe, paralleling his known support for Dogecoin (DOGE). Whale Alert reported a transfer of 2.25 trillion PEPE tokens worth $20.2 million from Binance to Crypto.com, and a large whale deposited 500 billion PEPE to OKX. Zypto Pay announced the availability of a crypto card purchasable with PEPE tokens. Pepe's monthly gains stand at 688%, outperforming DOGE and Shiba Inu (SHIB). Derivatives data analysis shows a 56% volume increase and a 4% rise in open interest. Pepe is now the third-biggest meme coin, with the community speculating on its potential for further growth.

Portfolio Pulse from Khyathi Dalal

March 13, 2024 | 6:42 pm

Shiba Inu (SHIB) experienced a significant movement with 6.84 trillion tokens shifted to Coinbase, Binance, Robinhood, Cumberland, and Wintermute, worth $227 million. This activity coincides with a drop in SHIB's price by 5.7% and a spike in whale transactions. The Shib community believes Shiboshi NFTs offer 'passive income for life,' a sentiment echoed by Shiba Inu's marketing lead and lead developer. Despite a recent ranking drop, Shiba Inu's utility in the blockchain space is highlighted.

Portfolio Pulse from Khyathi Dalal

March 13, 2024 | 1:17 pm

A new memecoin inspired by viral X influencer NFTNick, known as 'I CHOOSE RICH EVERYTIME!', surged 1,136% in three days, overshadowing Dogecoin and Shiba Inu. The coin, leveraging NFTNick's 'choose rich' catchphrase, reached a peak market cap of $80 million. Despite NFTNick's popularity, his wealth flaunting has faced backlash, with community notes debunking some of his claims. The rise of NFTNick's memecoin reflects the ongoing trend of meme coins capitalizing on current events and personalities.

Portfolio Pulse from Khyathi Dalal

March 12, 2024 | 10:55 pm

Shiba Inu (CRYPTO: SHIB) has seen a 3.65% decrease in price over the last 24 hours, continuing a negative trend with a 6.0% loss over the past week. The trading volume has decreased by 90.0%, and the circulating supply has decreased by 7.62%. SHIB's market cap ranking is now #11 at $18.96 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:02 pm

'BONK Killer' Milli has surged 20% in the last 24 hours, outperforming Dogecoin and Shiba Inu. The surge is attributed to its recent listing on CoinMarketCap, with Milli experiencing 1,915 transactions and a volume of $463.95K in the last day. Milli aims for a $15M market cap, currently valued at $5.9M.

Portfolio Pulse from Mehab Qureshi

March 12, 2024 | 8:40 am

In February, crypto phishers stole $47 million, mainly through fake accounts on Elon Musk's X, targeting Bitcoin, Dogecoin, and Shiba Inu users. Over 57,000 victims were affected, with Ethereum mainnet and ERC-20 tokens being the primary targets. Despite more victims, the total stolen amount decreased from January. High-profile accounts, including MicroStrategy's, were hacked, contributing to the losses. The first two months of 2024 saw $104 million lost to phishing, with Ethereum users suffering $78 million of those losses. The U.S. saw a 53% increase in cryptocurrency scam losses in 2023, totaling $3.94 billion.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 7:54 am

Despite significant whale movements and token burns, Shiba Inu (SHIB) did not experience a rally last week. A notable transaction involved the movement of 2 trillion SHIB tokens between Crypto.com's hot wallets, valued at $78.5 million. Additionally, a transfer of 332.4 million SHIB tokens from Cumberland to an unknown wallet was recorded. A single transaction burned 211.5 million SHIB tokens. The total number of SHIB addresses reached a new high of 3.88 million, with 1.29 million currently holding the token. Shibarium's TVL hit a new peak of $2.25 million on March 5, supported by cheaper fees and faster transactions. SHIB's price correlation with Bitcoin is at 0.92, indicating a parallel movement.

Portfolio Pulse from Khyathi Dalal

March 11, 2024 | 11:22 pm

The article discusses the rise and impact of meme coins in the cryptocurrency market, highlighting their evolution from jokes to significant market players. It mentions the original meme coin, Dogecoin, and others like Shiba Inu, Pepe, Floki, and Turbo, emphasizing their high volatility and potential for both significant gains and losses. The narrative suggests that despite the risks, the allure of meme coins continues to attract investors, who are increasingly willing to allocate a portion of their portfolios to these assets, viewing them as a calculated risk with the potential for outsized returns.

Portfolio Pulse from Augusto Novoa

March 11, 2024 | 6:16 pm

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