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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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The resurgence of memecoins like Shiba Inu, Dogecoin, Dogwifhat, and Bonk is driven by technical developments, increased token burns, and community engagement. Dogecoin is enhancing its blockchain for more use cases, while Shiba Inu's token burn and Shibarium platform boost its utility. Solana-based memecoins, Bonk and Dogwifhat, benefit from investor interest and Solana's support for memecoin culture.

Portfolio Pulse from Murtuza Merchant

March 06, 2024 | 8:00 pm

Myro, dubbed as 'Shiba Inu of Solana', has seen a 248.5% weekly gain, reaching a new all-time high of $0.4185. The surge is attributed to listings on multiple exchanges including HTX Global, Crypto.com, Gate.io, Kucoin.com, WOO X, and Binance Futures. Trading volume exceeded $400 million in the past 24 hours, significantly outpacing other memecoins. Market cap has increased by 46% since the start of 2024, now over $330 million. Predictions suggest Myro could reach a market cap in the billions.

Portfolio Pulse from Khyathi Dalal

March 06, 2024 | 5:52 pm

Bitcoin fell below the key $67,000 level, while Ethereum traded above $3,800. Uniswap was the top gainer, and Shiba Inu the biggest loser in the last 24 hours. The global crypto market cap dropped by 2.7% to $2.47 trillion.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 2:31 pm

Shytoshi Kusama, Shiba Inu's lead developer, criticized U.Today for misquoting him regarding SHIB's market cap reaching $100 billion. Kusama clarified his stance on X, emphasizing his quote was misrepresented. Despite a recent 13.3% dip, SHIB's market cap surged by 90% to $26.71 billion, surpassing several tech giants. The cryptocurrency's active accounts and whale transactions have increased, with a majority of SHIB holders seeing profits.

Portfolio Pulse from Benzinga Neuro

March 06, 2024 | 11:28 am

'Dogecoin Rival' WIF, a Solana-based meme cryptocurrency, surged 34% in a single day, outperforming Dogecoin and Shiba Inu. WIF's market capitalization exceeded $2 billion just three months after its launch, making it a leader in the meme coin category. The surge is attributed to its listing on the Binance trading platform.

Portfolio Pulse from Mehab Qureshi

March 06, 2024 | 10:28 am

Cryptocurrency analysts are optimistic about Shiba Inu (SHIB) reaching new all-time highs, noting its significant rise and potential to outperform Dogecoin (DOGE). SHIB has surged nearly +400% and needs to rally an additional +120% to achieve new highs. Analysts highlight key resistance levels and compare SHIB's market cap growth to established tech firms. Investor Oscar Ramos predicts SHIB could reach $0.0001 in the 2024 bullish cycle.

Portfolio Pulse from Mehab Qureshi

March 06, 2024 | 10:05 am

'Dogecoin Killer' Shiba Inu (SHIB) is nearing its all-time highs, with analysts predicting a potential rally of +120% to reach new peaks. Cryptocurrency analysts highlight SHIB's significant growth, nearly +400% from initial posts, and its comparison to DOGE's performance. Investor Oscar Ramos predicts SHIB could rise to $0.0001, a significant milestone given its current price and historical peak in October 2021.

Portfolio Pulse from Mehab Qureshi

March 06, 2024 | 10:05 am

Floki Inu (CRYPTO: FLOKI) experienced a significant drop of approximately 18.8% to $0.0001163, influenced by a broader cryptocurrency market pullback led by Bitcoin's decline after reaching a new all-time high. The market's sentiment-driven nature and speculative trading behaviors contribute to such cascading effects across altcoins, including Floki Inu, which is related to Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).

Portfolio Pulse from Henry Khederian

March 06, 2024 | 12:32 am

Shiba Inu (CRYPTO: SHIB) experienced a 13.3% decrease in value despite a significant increase in active accounts and whale transactions. Whale transactions over $100,000 surged to 2,222, and active accounts more than doubled to 1,896. Trading volumes for SHIB reached $14.2 billion, surpassing other major cryptocurrencies. The Shiba Inu community anticipates exciting announcements, including 'Shiba Names' for holders. Social activity for SHIB remains high, with a community member advising against panic selling and encouraging buying the dip.

Portfolio Pulse from Khyathi Dalal

March 06, 2024 | 12:02 am

'BONK Killer' MILLI, operating on the SEI network, surged over 70% in a single day, outperforming other meme cryptocurrencies like Dogecoin, Shiba Inu, and BONK. MILLI's market cap approached $2.5 million with a trading volume of $522,075. The token's success is attributed to strong community support and a unique brand identity. Meanwhile, Dogecoin and BONK saw declines, while Shiba Inu increased by 6%. The MILLI team also addressed investor concerns, aiming to restore token distribution and liquidity.

Portfolio Pulse from Mehab Qureshi

March 05, 2024 | 5:16 pm

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