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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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Shiba Inu (SHIB) has seen a 3% increase in price alongside a 7,351% surge in daily transactions over four days, attributed to community developments and a decentralized building initiative by Ryoshi Network. The initiative aims to make SHIB a gas for a community-driven L2 ecosystem, enhancing DeFi utilities access. Shiba Inu's sponsorship of the Web3 Summit Dubai and strategic investment policies by its marketing lead, Lucie, further bolster its position. Additionally, a significant token inflow to large holders and a notable token burn have contributed to positive market sentiment.

Portfolio Pulse from Khyathi Dalal

April 15, 2024 | 3:28 pm

Shiba Inu (SHIB) experienced a significant liquidation event with $3.63 million worth of SHIB, or approximately 14.8 trillion tokens, being liquidated amid a market downturn. Despite a 12.17% price drop in the last day, large transactions surged by 276.29%, and trading volume increased to $1,199,915,774. Over 12,000 addresses hold at least 1 billion SHIB, with 73% of investors holding for over a year, indicating strong investor confidence and potential for recovery.

Portfolio Pulse from Bibhu Pattnaik

April 13, 2024 | 4:31 pm

Edward Snowden mocked the cryptocurrency community's reaction to recent market fluctuations, noting that Bitcoin's price has remained relatively stable over the past week despite a 4.9% drop in the last 24 hours. This commentary comes amid broader market turmoil, with significant drops also seen in Dogecoin and Shiba Inu. The cryptocurrency market is facing heightened volatility, with recent predictions of a major downturn and potential impacts on companies like MicroStrategy.

Portfolio Pulse from Rounak Jain

April 13, 2024 | 8:22 am

'Dogecoin Killer' Shiba Inu (SHIB) has seen a significant increase in daily transactions, with a 3,555% surge, and its burn rate spiked by 1,465%. This indicates a bullish sentiment among investors. Shiba Inu's lead developer, Shytoshi Kusama, expressed enthusiasm for contributing to the Content Delivery Security Association with blockchain technology. Additionally, D3 Global now accepts Shiba Inu and BONE for payments on Shibarium.

Portfolio Pulse from Khyathi Dalal

April 12, 2024 | 6:56 pm

Pepe Coin perpetual futures will be listed on Coinbase International Exchange, sparking optimism among traders. The listing is set for April 18, with speculation about further listings on Coinbase Spot and Robinhood. Comparisons to Dogecoin's 2021 surge and a significant increase in trading volume and transactions over $100,000 highlight Pepe's growing interest. IntoTheBlock data shows 75% of Pepe holders are profitable, with a notable increase in trading volume outpacing Shiba Inu and Dogwifhat.

Portfolio Pulse from Khyathi Dalal

April 12, 2024 | 2:28 pm

Renowned crypto trader Rekt Fencer shared his successful meme coin trading strategies, emphasizing lessons learned from trading Solana meme coins and highlighting the importance of research, strategy, and patience. He mentioned specific coins like Jeo Boden (BODEN), Book of Meme (BOME), and cat in a dogs world (MEW) as examples. The article also discusses the broader context of meme coin trading's popularity and the established positions of DOGE and SHIB in the market.

Portfolio Pulse from Khyathi Dalal

April 11, 2024 | 4:18 pm

'Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) experienced a 48,654% increase in its burn rate, leading to a 3.5% price increase. The surge in burn rate was highlighted by two significant transactions. Social activity around Shiba Inu has also seen a dramatic increase, with LunarCrush reporting a surge in creators and interactions. Large transaction volumes have increased by 24.7%, and the number of Shiba Inu addresses holding significant amounts of SHIB has been detailed, indicating a growing interest in the meme coin.

Portfolio Pulse from Khyathi Dalal

April 11, 2024 | 1:18 pm

Crypto traders CryptoDan and Crashius Clay shared tips on finding 100X meme coins, emphasizing contrarian strategies and strong conviction. Crashius Clay highlighted his success with BRETT, while CryptoDan is bullish on TOSHI. Their strategies include buying early, selling into hype, and maintaining a reserve fund. The podcast also touched on the potential of meme coins and Bitcoin in the institutional space, with a future event by Benzinga to explore these topics further.

Portfolio Pulse from Ivan Crnogatić

April 10, 2024 | 3:50 pm

An anonymous trader turned a $356K investment in the 'Jeo Boden' meme coin (BODEN) into $5.8M by leveraging early purchases and strategic sales. The trader's success story highlights the potential of 'culture coins', a new class of meme coins with political themes, exemplified by BODEN and the Trump-related MAGA Memecoin (TRUMP). These coins represent a shift from traditional animal mascot-based meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Floki (FLOKI), towards those embodying shared cultural or political values.

Portfolio Pulse from Ivan Crnogatić

April 10, 2024 | 2:41 pm

Crypto analyst Rekt Capital predicts a 155% surge in Shiba Inu (SHIB) value to $0.000069, citing strong support levels. SHIB's increased transaction activity and improvements to Shiba Eternity are noted alongside significant SHIB burns. Rekt Capital also comments on Bitcoin (BTC) maintaining momentum if it holds $69,000 as support, and Dogecoin's (DOGE) market mood turning bullish after surpassing the $0.09617 zone.

Portfolio Pulse from Mehab Qureshi

April 10, 2024 | 5:58 am

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