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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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Erik Stevens turned a $2,708 investment in MAGA Memecoin (TRUMP) into $3.25 million in just over 6 months, marking his first-ever 1,000X trading success. Stevens, who now holds 1.08% of TRUMP's total supply, remains optimistic about its future, citing recent token burns and growing interest. Despite Donald Trump not endorsing MAGA Memecoin, his wallet passively holds over $3 million worth of TRUMP. The success of MAGA Memecoin is highlighted alongside other significant memecoin trades, amidst varying opinions on the value and impact of memecoin trading.

Portfolio Pulse from Ivan Crnogatić

February 29, 2024 | 3:15 am

'Dogecoin Killer' Shiba Inu (SHIB) saw a 5.1% increase in price alongside a 111% surge in trading volume, outpacing Cardano (ADA) in the broader crypto market rally. Shiba Inu's trading volume reached $1.26 billion, with a significant increase in large transactions. The community's petition for a Shiba Inu ETF has also gained traction. Developer and marketing comments suggest high expectations for SHIB's growth.

Portfolio Pulse from Khyathi Dalal

February 28, 2024 | 10:14 pm

Pepe Coin (CRYPTO: PEPE) experienced a significant surge, increasing 50% in one day and 200% over the past week, with its trading volume surpassing $1.9 billion. The increase began on Feb. 26, with active wallet addresses and whale transactions indicating strong interest. Six wallets made a profit of $2 million by selling Pepe, with one wallet earning a 97% profit in six hours. The crypto community is highly engaged, with predictions of Pepe's market cap reaching between $69 billion to $420 billion. Other meme coins like DOGE and SHIB are also mentioned as part of the meme coin elite.

Portfolio Pulse from Murtuza Merchant

February 28, 2024 | 5:47 pm

Shytoshi Kusama, the lead developer of Shiba Inu, expressed curiosity about the conspiracy theory-inducing murals at Denver Airport. His interest coincides with a 7.2% rise in Shiba Inu's price, amidst an altcoin season. Shiba Inu, a meme coin based on Ethereum, is part of the cryptocurrency trend alongside Dogecoin.

Portfolio Pulse from Benzinga Neuro

February 28, 2024 | 11:10 am

Shiba Inu (SHIB) experienced a significant increase in its token burn rate, surging by 1900% and removing over 102 million SHIB tokens from supply in the last 24 hours. A large transaction accounted for the destruction of over 93 million SHIB tokens. This event coincides with a 30% increase in Shiba Inu's Open Interest and a bullish sentiment among traders, particularly on the OKX platform, where the long versus short ratio stands at 2.34. The SHIB community anticipates the launch of the K9 Finance Liquid Staking Derivatives platform and an auto-burning feature to further reduce SHIB's token supply. Additionally, Shibarium developers introduced a dual-component burning mechanism using BONE token fees for manual burns. SHIB's price rose by 5.22% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

February 28, 2024 | 10:27 am

Floki Inu (CRYPTO: FLOKI) receives a $10M investment from Web3 investment firm DWF Labs, aiming for market dominance and capitalizing on an anticipated crypto bull run. This follows a previous $5M investment by DWF Labs in May 2023. The crypto community is highly optimistic about Floki's future, especially with the upcoming release of its metaverse game Valhalla. Floki's ambition is to dominate the memecoin space and rise in the global cryptocurrency rankings.

Portfolio Pulse from Murtuza Merchant

February 28, 2024 | 8:25 am

The market cap for the top 100 meme-themed cryptocurrencies surged to $26.5 billion, a 10% increase, driven by Bitcoin's rally to $56,000. Santiment highlighted significant traction in meme coins like Pepecoin, Floki, and Dogwifhat, with warnings about FOMO in the crypto market. Pepecoin saw a 23% increase in 24 hours, reaching its highest value since May 2023. Dogecoin and Shiba Inu also experienced surges of 8-12% in a single day.

Portfolio Pulse from Mehab Qureshi

February 28, 2024 | 5:14 am

A trader achieved an unrealized gain of $582,000 by taking a long position on Dogwifhat (WIF), a cryptocurrency that has seen a significant price surge, outperforming established memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB). Dogwifhat's market capitalization nearly doubled in a week, and it's now being closely watched by traders and analysts. The crypto community is abuzz with speculation about potential listings on Binance and Coinbase.

Portfolio Pulse from Khyathi Dalal

February 27, 2024 | 8:18 pm

Shiba Inu (CRYPTO: SHIB) has seen a 7.2% increase in its trading level, reaching $0.00001, amid a broader surge in cryptocurrency markets, including a new 52-week high for Bitcoin. This rise is attributed to an 'altcoin season' where investors diversify into altcoins like Shiba Inu for potentially higher returns. The market's speculative nature further fuels interest in cryptocurrencies, with significant trading volumes and investor interest in cryptocurrency ETFs noted.

Portfolio Pulse from Henry Khederian

February 27, 2024 | 7:11 pm

Shiba Inu (CRYPTO: SHIB) experienced a 10.19% price increase over the past 24 hours, continuing a positive trend with a 9.0% gain over the past week. The trading volume for SHIB has increased by 133.0%, while its circulating supply slightly decreased by 0.04%, resulting in a current market cap ranking of #19 at $6.25 billion.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 7:00 pm

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