Streetbeat News

SHIBUSD

Shiba Inu / US Dollar

https://shibatoken.com/

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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Bitcoin and Ethereum saw price increases, trading above $67,000 and $3,700 respectively. eCash emerged as the top gainer with a 66.2% increase, while FLOKI experienced the largest loss at 13.3%. The global crypto market cap rose to $2.54 trillion, marking a 4.2% gain. Other notable gainers include Shiba Inu, Theta Network, Terra Classic, and Starknet, with significant 24-hour gains.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 2:30 pm

Cryptocurrency analyst Kaleo predicts Dogecoin (DOGE) has significant growth potential, expecting it to reach $0.67. Dogecoin's current trading price is $0.19 with a market cap of $25.9 billion, having doubled in the past week. Interest in Dogecoin has surged, outpacing Shiba Inu (SHIB) in Google Trend searches. Another analyst, Altcoin Sherpa, also sees potential in Dogecoin, suggesting it could yield a 4x return. Dogecoin's futures open interest has hit an all-time high of $1.4 billion.

Portfolio Pulse from Mehab Qureshi

March 05, 2024 | 11:53 am

David Gokhshtein, a well-known crypto enthusiast, predicted a significant rally for Dogecoin (DOGE) and Shiba Inu (SHIB) on Valentine's Day. Since then, DOGE has seen a nearly 109% increase over 30 days, reaching the 20-cent level, while SHIB surged by 351.5% in the same period. This rally has positioned Shiba Inu back into the top 10 most valuable cryptocurrencies, closely following Dogecoin's market cap.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 11:36 am

Shiba Inu (CRYPTO: SHIB) experienced a significant surge, with its market cap reaching $26.71 billion, surpassing tech giants like Zoom, Snap, eBay, and MicroStrategy. This rise positions SHIB near Dogecoin (CRYPTO: DOGE) in market cap. The surge is attributed to speculative buying, particularly from Asia, and an increase in retail investors and leveraged buying. SHIB's perpetual futures interest also hit a record high.

Portfolio Pulse from Mehab Qureshi

March 05, 2024 | 11:20 am

In 2023, Bitcoin and Shiba Inu saw significant returns, with Bitcoin gaining over 155% and SHIB 260%. Super Micro Computer (SMCI) outperformed both, with a 278% return, attributed to its S&P 500 inclusion. The crypto market's recovery was driven by regulatory approvals and anticipation of a spot Bitcoin ETF, while AI stocks like SMCI benefited from the broader risk-on sentiment.

Portfolio Pulse from Shanthi Rexaline

March 05, 2024 | 8:09 am

Dogecoin (DOGE) has seen a significant surge in Google Trend searches, outperforming Shiba Inu (SHIB), despite SHIB's stronger price performance. DOGE's interest score reached 76 compared to SHIB's 30. This increase in interest comes as DOGE's price jumped over $0.10, now trading at $0.18, with speculation about reaching the $1 milestone. The price rally occurred without recent public support from Elon Musk, known for influencing DOGE's market dynamics. Dogecoin's futures open interest hit an all-time high of $1.4 billion, indicating increased investor optimism.

Portfolio Pulse from Mehab Qureshi

March 05, 2024 | 6:58 am

Shiba Inu (SHIB), labeled as the 'Dogecoin Killer,' has seen a dramatic 90% increase in value within 24 hours, outperforming peers like Dogecoin, Pepe, and BONK, as well as major cryptocurrencies Bitcoin and Ethereum. This surge has pushed SHIB back into the top 10 cryptocurrencies by market cap, reaching $25 billion. Despite the rapid growth, indicators such as the Relative Strength Index (RSI) suggest SHIB is overbought, hinting at a potential upcoming sell-off.

Portfolio Pulse from Mehab Qureshi

March 05, 2024 | 4:28 am

Bitcoin approaches its all-time high, nearing $69K, with Ethereum and Dogecoin also experiencing significant gains. The surge in Bitcoin's market cap to $1.33 trillion is attributed to inflows into spot BTC ETFs, the upcoming halving event, and increased investor interest. The global cryptocurrency market cap now stands at $2.53 trillion. Meanwhile, the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average saw declines. Analysts predict Bitcoin could hit $125K by 2025, driven by conservative capital allocations from BlackRock and Fidelity clients.

Portfolio Pulse from Mehab Qureshi

March 05, 2024 | 2:43 am

Shiba Inu's lead developer, Shytoshi Kusama, hints at a decentralized SHIB world, calling for community support. Kusama's comments coincide with SHIB's significant rally, making it the top-performing coin recently. The upcoming launch of Shib Name Service v1.1 is anticipated to further decentralize and enhance SHIB's ecosystem. Ethereum co-founder Vitalik Buterin comments on the underinvestment in crucial crypto technology amid meme coin surges.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 1:10 am

Shiba Inu (SHIB) has surged 50.3%, entering the top 10 most valuable cryptocurrencies with a market cap of $19.6 billion, nearing Dogecoin's (DOGE) $25 billion. SHIB's trading volume surpassed DOGE's, indicating strong investor sentiment and potential for further rally. Whale movements and a significant holding time of two years suggest a growing confidence in SHIB. The meme coin's visibility is also rising, with notable mentions on Binance and movements involving large SHIB token transfers.

Portfolio Pulse from Khyathi Dalal

March 04, 2024 | 10:02 pm

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