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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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Dogecoin (DOGE) has seen a 115% increase over the past month and is approaching a key resistance level of $0.18. Analyst Ali Martinez predicts it could reach $1 by mid-April, citing historical chart patterns and a high price correlation with Bitcoin. Despite no recent endorsements from high-profile figures, Dogecoin's strong community support and market confidence are highlighted. Other cryptocurrencies like Shiba Inu (SHIB), Floki Inu (FLOKI), and Dogwifhat (WIF) have also seen significant gains.

Portfolio Pulse from Khyathi Dalal

March 11, 2024 | 12:53 pm

In the first two months of 2024, the cryptocurrency community suffered $104 million in losses due to phishing scams, with Ethereum users experiencing the majority of these losses, totaling $78 million. The security firm Scam Sniffer reported that around 97,000 users fell victim to these scams, which often involved users being tricked into revealing sensitive information through phishing websites linked from impersonated Twitter accounts. This continues a trend of increasing losses to crypto scams, with Americans losing $3.94 billion in 2023, a 53% increase from the previous year.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 8:56 am

Crypto analyst Ali Martinez predicts a potential 40% surge in Shiba Inu (SHIB) price if it maintains a close above the $0.000038 resistance level, based on a symmetrical triangle pattern on the 4-hour chart. Conversely, falling below $0.000033 could negate this bullish outlook. SHIB's recent uptrend is attributed to hints of token burns and active community engagement by its lead developer. Currently, SHIB is trading 9.9% lower at $0.000031.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 2:14 am

Cryptocurrencies have seen significant gains since late last year, with Bitcoin, Ethereum, Shiba Inu, and Dogecoin all showing impressive returns since the start of the current bull run. The rally, initially stalled by SEC approval of a spot Bitcoin ETF, resumed with optimism over wider crypto adoption. Bitcoin's recovery began in 2023, notably after breaking a key resistance in late October. Ethereum, Shiba Inu, and Dogecoin also posted strong gains, with investments in each of these cryptos since late October yielding returns ranging from 98% to 325%.

Portfolio Pulse from Shanthi Rexaline

March 10, 2024 | 8:48 pm

This week, the cryptocurrency market experienced significant volatility with Bitcoin, Ethereum, Dogecoin, and Shiba Inu at the center of attention. Bitcoin reached a record high before correcting by 7%, causing market-wide volatility. Dogecoin's market cap doubled, and its future looks bullish according to analyst Kaleo. Shiba Inu's lead developer hinted at a decentralized future, drawing parallels with the dot com era. Jim Cramer commented on the factors driving Bitcoin's rally, including spot Bitcoin ETFs and the halving event.

Portfolio Pulse from Benzinga Neuro

March 10, 2024 | 11:48 am

Floki (CRYPTO: FLOKI) has surged nearly 70% in 24 hours, outpacing Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). This surge is attributed to anticipation of a major advertising campaign in Times Square. Floki's market cap has risen, positioning it in the 50th spot, with potential to enter the top 40. The campaign will run for three months starting March 15. Additionally, Floki's community approved burning 2% of its total tokens, further boosting its value.

Portfolio Pulse from Bibhu Pattnaik

March 09, 2024 | 1:57 pm

'Dogecoin Killer' Shiba Inu (SHIB) is nearing Dogecoin's (DOGE) market cap after a significant rally, with SHIB's price increasing by 57% weekly and 304% monthly, while DOGE rose by 19.5% weekly and 117% monthly. SHIB's market cap is now just 17% behind DOGE's. The surge is attributed to community hints about potential token burns and increasing meme coin adoption, alongside bullish sentiments from traders and technical analysts predicting further rallies.

Portfolio Pulse from Rounak Jain

March 09, 2024 | 11:00 am

The FBI's Internet Crime Report 2023 revealed a 53% increase in losses from cryptocurrency investment scams in the U.S., totaling $3.94 billion. The report highlighted the significant role of digital currency in online crime, with Bitcoin, Dogecoin, and Shiba Inu being specifically mentioned. The overall investment frauds rose by 38%, with crypto scams being the majority. The report also noted the use of custodial accounts for these scams and mentioned significant events related to crypto seizures and restrictions by financial institutions.

Portfolio Pulse from Rounak Jain

March 09, 2024 | 5:08 am

Shiba Inu (SHIB) saw a 13% increase in price, outperforming Dogecoin (DOGE) in trading volume, following news of potential token burns and increased adoption. The Shiba Inu community collected 40 Ethereum for burns, with 43 billion SHIB tokens already burned. SHIB's trading volume reached $5.3 billion, surpassing DOGE's $3.97 billion. The token is also attracting thousands of new addresses daily, indicating growing interest. Additionally, Shiba Inu's BONE token received community support for listing on Binance Futures.

Portfolio Pulse from Khyathi Dalal

March 08, 2024 | 9:44 pm

Floki Inu (FLOKI) surged 70% in 24 hours, challenging Dogwifhat (WIF) for the fourth spot among top meme coins. Coinhako announced it would list FLOKI for trading, and a Times Square ad campaign is planned. Floki's staking program's TVL hit a record $420 million, surpassing other meme coins. Floki's weekly gain of 248% outpaces Dogwifhat, Dogecoin (DOGE), and Shiba Inu (SHIB). Floki's community has burned 58% of its total supply, boosting its value.

Portfolio Pulse from Khyathi Dalal

March 08, 2024 | 7:05 pm

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