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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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Benzinga's weekly review highlights market movements, with the Nasdaq and S&P 500 seeing gains, while the Dow slightly declined. Bitcoin surpassed $60,000, anticipating the halving event. Bullish views include Ackman's confidence in Alphabet for its AI and advertising, optimistic forecasts for Dogecoin and Shiba Inu, and predictions of Bitcoin reaching $200,000. Bearish perspectives involve Goldman Sachs removing Apple from its Conviction List, criticism of Disney by Gov. DeSantis, and a short report on Carvana questioning its valuation.

Portfolio Pulse from Michael Cohen

March 02, 2024 | 2:02 pm

Analysts predict an 'altcoin season' as meme coins like Dogecoin and Shiba Inu rally, with historical patterns suggesting altcoins may soon outperform Bitcoin. The surge in meme coins, including newer entrants like Pepe, Bonk, and Dogwifhat, is seen as an early sign of this trend. However, the introduction of Bitcoin ETFs adds uncertainty to the timing of the altcoin season. ETH clearing $3,500 is considered a key signal for the season's start.

Portfolio Pulse from Rounak Jain

March 02, 2024 | 6:07 am

Crypto analyst Altcoin Sherpa predicts bullish runs for Dogecoin (DOGE) and Shiba Inu (SHIB) but cautions against expecting past peak growth levels. Both are in accumulation phases, with potential significant runs in 2024-2025. Dogecoin recently rose to $0.113, and Shiba Inu to $0.00001139. The analyst also speculates on Bitcoin's (BTC) potential pullback near its all-time high.

Portfolio Pulse from Mehab Qureshi

March 01, 2024 | 2:57 pm

Shiba Inu (SHIB) experienced a 30,000% increase in its token burn rate, with 3,759,043 SHIB tokens removed from circulation. This follows the announcement of a new privacy-centric system on the Shibarium network. Despite the surge, SHIB's price decreased by 5.58% over the last day but is up 4.06% in the last 24 hours. The total burned SHIB tokens now stand at 410.7 trillion, with around 581.7 trillion SHIB tokens still in circulation.

Portfolio Pulse from Mehab Qureshi

March 01, 2024 | 10:25 am

Pseudonymous trader Unipcs, known as 'Bonk guy,' updated his Bonk (CRYPTO: BONK) trade progress, revealing a fluctuation from $16,000 to $12.7 million, then to $3 million, and now $7.4 million. He gained fame for his significant profit from Bonk, a memecoin on the Solana network, which he insists is 'just the beginning.' His story highlights the extreme volatility in the cryptocurrency market, with Bonk being compared to Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).

Portfolio Pulse from Ivan Crnogatić

March 01, 2024 | 12:11 am

Bonk (BONK) experienced a 62% daily gain, surpassing Dogecoin (DOGE) and Shiba Inu (SHIB) in performance. This surge is attributed to a token burn and significant whale movements, with a notable whale trader earning $2.9M. Bonk's market cap reached $1.5 billion, overtaking Pepe (PEPE). The token's total burned amount is now 163.8 billion, valued at $1.96 million. Bonk aims to boost liquidity in Solana-based decentralized exchanges and has distributed 50% of its supply to the Solana community.

Portfolio Pulse from Khyathi Dalal

February 29, 2024 | 9:29 pm

Shiba Inu (CRYPTO: SHIB) surged over 15% following the announcement of a new privacy-focused network on the Shibarium blockchain in partnership with Zama. This network utilizes Fully Homomorphic Encryption and is supported by the Shiba Inu ecosystem token TREAT. The Shibarium network aims to offer low-fee financial services and gaming. Significant increases in new accounts and large transactions indicate strong buying activity. Analyst Altcoin Sherpa predicts potential huge runs for both Dogecoin (CRYPTO: DOGE) and Shiba Inu, highlighting their promising charts.

Portfolio Pulse from Khyathi Dalal

February 29, 2024 | 5:54 pm

Floki Inu (FLOKI) developers propose to burn 190 billion tokens, accounting for 2% of its circulating supply, amid a 67.5% weekly rally. The community will vote on this proposal. Web3 investment firm DWF Labs plans to purchase $10 million in FLOKI tokens. A request has been made to list Floki on Binance due to its potential as a top memecoin. Floki Inu, inspired by Elon Musk's pet, is seen as a potential rival to Dogecoin (DOGE) and Shiba Inu (SHIB).

Portfolio Pulse from Khyathi Dalal

February 29, 2024 | 4:00 pm

Bitcoin surpassed the $62,000 mark and Ethereum traded above $3,400 following the release of the US PCE data for January 2024, indicating a rise in core PCE prices. Bonk emerged as the top gainer in the crypto market, which saw an overall 24-hour gain of 3.5%, reaching a global market cap of $2.31 trillion. Pepe was the biggest loser during the same period.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 3:31 pm

Dogecoin, Shiba Inu, and BONK have emerged as top gainers among the top 100 cryptocurrencies, with Dogecoin predicted to surge 600% in price. The total market cap of the top 100 meme cryptocurrencies increased by 12.8% to $23.8 billion. Analyst Kaelo predicts a significant rise for Dogecoin against Bitcoin, suggesting a potential price of $0.63 for Dogecoin. Dogecoin's social dominance score also increased by 600%, indicating growing visibility and interest.

Portfolio Pulse from Mehab Qureshi

February 29, 2024 | 8:25 am

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