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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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Cryptocurrencies experienced significant gains, with Bitcoin leading the surge. The total market capitalization of cryptocurrencies increased by over 17% to $2.33 trillion. Bitcoin's weekly gain was 19.5%, and Ethereum rose by 12.4%. Memecoins, particularly Dogwifhat, saw a 400% weekly surge. BlackRock's iShares Bitcoin ETF (IBIT) recorded high trading volumes, increasing its bitcoin holdings to over $7 billion. In traditional finance, the Nasdaq 100 gained 2.04%, while Apple Inc (AAPL) dropped after being removed from Goldman Sachs' Conviction List. Rivian Automotive Inc (RIVN) and Alphabet Inc. (GOOG) received optimistic outlooks from notable investors.

Portfolio Pulse from Ivan Crnogatić

March 03, 2024 | 5:33 pm

Pseudonymous trader Bluntz Capital predicted Dogwifhat (WIF) would surpass at least two major memecoins on Solana, a prediction partially validated as it briefly overtook Bonk (BONK). Dogwifhat's market cap reached $1.6 billion, trading at $1.60. Influencers and former Goldman Sachs executive Raoul Pal see a memecoin supercycle, with Dogwifhat's rally surpassing $1.5 billion in market cap in less than four months. Arthur Hayes targets $2 for Dogwifhat, while Robinhood Europe's listing may have spurred its recent surge. Pepe (PEPE) also hit a new high, with a market cap of $2.1 billion.

Portfolio Pulse from Ivan Crnogatić

March 03, 2024 | 5:16 pm

Crypto VC Andrew Kang predicts Dogecoin (DOGE) could outperform GameStop with a multi-month memecoin speculation ahead. He cites easier access and previous ownership by significant investors as factors. Dogecoin's recent 62% weekly gain and bullish social media sentiment support this view. Competitors Shiba Inu (SHIB) and Dogwifhat (WIF) also saw significant gains, suggesting a broader memecoin rally.

Portfolio Pulse from Ivan Crnogatić

March 03, 2024 | 4:39 pm

Shiba Inu (SHIB) has become the fourth most traded cryptocurrency globally, with a 111% increase in value over the past week. On Binance, SHIB is the second most-traded pair after BTC/USDT. Tether (USDT) leads in trading volume, followed by Bitcoin (BTC) and Ethereum (ETH). SHIB's volume reached $5.7 billion, surpassing USDC, Bitcoin Cash (BCH), Dogecoin (DOGE), and Solana (SOL), despite being 76% below its all-time high from October 2021.

Portfolio Pulse from Bibhu Pattnaik

March 03, 2024 | 3:34 pm

The cryptocurrency world saw significant activity with Dogecoin's social dominance soaring, a proposed bill against CBDCs, a trader making millions with MAGA Memecoin, and Dogecoin and Shiba Inu poised for a bull run. Dogecoin's social media presence spiked, coinciding with its price crossing $0.10. Republican senators proposed a bill to ban CBDCs, potentially affecting the Biden administration's exploration of this technology. Erik Stevens turned $2,708 into $3.25 million with MAGA Memecoin. Crypto analysts predict bullish runs for Dogecoin and Shiba Inu, while Shiba Inu gained 60% with updates on its TREAT token.

Portfolio Pulse from Benzinga Neuro

March 03, 2024 | 11:01 am

Arthur Hayes, co-founder of BitMex, predicts Dogwifhat (WIF) will reach $2 after a 330% weekly rally, surpassing rivals Dogecoin (DOGE) and Shiba Inu (SHIB) in gains. The Solana-based memecoin's popularity surged following a quiet listing by Robinhood Europe, pushing its market cap over $1 billion. Influencers have further fueled its rise with guerrilla marketing campaigns.

Portfolio Pulse from Ivan Crnogatić

March 02, 2024 | 6:31 pm

Max Schwartzman, CEO of BecauseBitcoin, predicts Pepe (PEPE) to outperform memecoin rivals Dogecoin (DOGE), Shiba Inu (SHIB), Bonk (BONK), and Floki Inu (FLOKI) based on technical analysis. Pepe has seen a 260% weekly gain, surpassing its May 2023 all-time high, and is expected to reach new highs in terms of ETH. The rally's continuation may depend on the broader Bitcoin market movements.

Portfolio Pulse from Ivan Crnogatić

March 02, 2024 | 6:03 pm

Shiba Inu (SHIB) has seen a significant surge, increasing by 68.5% to $0.00002196, with a weekly gain of 122.8%. This follows Bitcoin's (BTC) rise above $64,000. SHIB's rally, marked by an 8-day streak of gains and a 407% increase in trading volume, is attributed to a partnership with Zama for a privacy-centric network and various community developments. Notably, a whale transaction and a 3,0187% increase in SHIB's burn rate have also contributed to the bullish sentiment.

Portfolio Pulse from Bibhu Pattnaik

March 02, 2024 | 5:23 pm

Memecoins like Dogecoin, Shiba Inu, and Pepe saw significant gains last week, with the memecoin market cap increasing by 39% to $44 billion. Dogecoin's market cap reached $18 billion, surpassing companies like MicroStrategy and Robinhood. Shiba Inu announced a partnership with Zama for a privacy-focused network and started a petition for an ETF. Floki became the top trending asset on Stocktwits and plans to burn $11 million tokens. Bonk announced token burns and significant whale movements. The rise in memecoin prices is attributed to the Bitcoin rally and the deployment of memecoins on ETH and Solana chains.

Portfolio Pulse from Khyathi Dalal

March 02, 2024 | 4:53 pm

Shiba Inu (SHIB) experienced a 70% surge in value after a transfer of 3 trillion tokens to a wallet named after Robinhood, outperforming Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) in price performance. The transfer, detected by Whale Alert, contributed to SHIB's climb to the 11th position in global market capitalization, with a valuation over $12.8 billion. Notable on-chain activities and purchases by significant entities like MakerDAO's co-founder and an Upbit-named wallet have also fueled SHIB's ascent.

Portfolio Pulse from Bibhu Pattnaik

March 02, 2024 | 2:09 pm

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