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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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Dogecoin (DOGE) experienced a 10% rally, driven by a significant increase in large transactions and recent ecosystem developments. Trading volumes surged 319.6%, and DOGE re-entered the top 10 cryptocurrencies by market cap. Twitch announced it would accept DOGE for its Turbo subscription, and Bitflyer, a major Japanese exchange, listed DOGE. Whale transactions and derivatives metrics also saw increases. Dogecoin led meme coins in social activity, outperforming Shiba Inu (SHIB), Pepe (PEPE), and Bonk (BONK). Analysts and traders are bullish, with predictions of further price increases.

Portfolio Pulse from Khyathi Dalal

February 27, 2024 | 6:01 pm

Shiba Inu (SHIB) experienced a 10.7% increase in price, erasing a zero from its valuation, amid a community petition for a Shiba Inu ETF. The burn rate surged by 4,290.02%, with 70% of tokens burnt from the total supply. A major whale transaction involved receiving 293.98 billion SHIB tokens. Derivatives metrics show a significant surge in volume and open interest. A proposal for a Shiba Inu ETF was revealed by the marketing lead, aiming to assess its viability and market demand.

Portfolio Pulse from Khyathi Dalal

February 27, 2024 | 3:14 pm

Floki (FLOKI) announced reaching a staking total value locked (TVL) all-time high of $105 million, surpassing Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) in TVL. Over 25% of FLOKI's supply is staked, with investors potentially earning TOKEN rewards with an APY of up to 160%. Comparatively, Dogecoin's TVL is $3.78 million, Shiba Inu's $1.1 million, and Pepe Coin's $9.4 million. Cryptocurrency analyst Scofield predicted a price increase for FLOKI, which saw a 35% rise in a week.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 9:17 am

Floki Inu (FLOKI) experienced an 18% increase in its trading price, coinciding with a surge in Bitcoin's price to around $55,000, a 52-week high. This rise in Bitcoin's price has positively impacted altcoins and crypto-related stocks, with Bitcoin mining stocks notably gaining due to strong earnings and a bullish cryptocurrency market trend. Floki Inu, a spinoff of Dogecoin (DOGE) and Shiba Inu (SHIB), gained attention following an Elon Musk tweet.

Portfolio Pulse from Henry Khederian

February 27, 2024 | 12:04 am

Dogwifhat (WIF), dubbed the 'Shiba Inu killer', surged 32% in the past 24 hours, outperforming other dog-themed memecoins and the broader crypto market, which saw a 5.5% rally in Bitcoin. This increase pushed Dogwifhat's market cap, making it the fourth largest among dog-themed memecoins. Analysts and traders, including DeFi.Pope and TheFlowHorse, predict a continued bullish trend for WIF, with significant holder growth and potential for further price increases.

Portfolio Pulse from Khyathi Dalal

February 26, 2024 | 10:47 pm

Pepe (CRYPTO: PEPE) has seen a significant 23% daily gain, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB) with a 54% increase month-over-month. Influencers on Crypto Twitter have been vocal about Pepe's potential, with some predicting further gains and others cautioning about a possible pullback. The entry of notable investors and speculation about a Coinbase Inc. (NASDAQ:COIN) listing have added to the excitement around Pepe.

Portfolio Pulse from Murtuza Merchant

February 26, 2024 | 10:04 pm

A crypto wallet turned $876 into $1.2 million in 91 days by trading tokens LILA, CRE, RSTK, GPU, and VRD, achieving a 57.4% win rate. The success story raises questions about fair play and insider information. Memecoins like DOGE and SHIB have not matched the growth of newer rivals but maintain higher market caps. Traders are cautioned about the risk of rug pulls with memecoins.

Portfolio Pulse from Khyathi Dalal

February 26, 2024 | 9:25 pm

Shiba Inu (CRYPTO: SHIB) is trading higher by 3.3% near the $0.0001-level, alongside a surge in Bitcoin and other crypto-related stocks. Coinbase shares have increased by 48% in the past month, driven by Bitcoin's rally, the approval of spot Bitcoin ETFs, and growing institutional interest. However, Coinbase experienced significant Bitcoin outflows last week.

Portfolio Pulse from Henry Khederian

February 26, 2024 | 8:50 pm

A 'whale' transferred 421.6 billion Shiba Inu (SHIB) tokens, resulting in a $6M+ loss. The transaction involved depositing 311.6 billion SHIB to Binance and selling 110 billion SHIB on a DEX. Despite the large sale, SHIB's price remained stable, showing only slight fluctuations.

Portfolio Pulse from Mehab Qureshi

February 26, 2024 | 6:26 am

The cryptocurrency market saw a slight recovery over the weekend, with the market cap increasing by 1.2% to $1.98 trillion. Bitcoin traded sideways, briefly dipping below $1 trillion in valuation, while Ethereum outperformed with a 2.4% gain. Shiba Inu remained in focus due to high burn rates and whale transfers. The MAGA memecoin rallied following Donald Trump's acceptance of Bitcoin. AI-related cryptocurrencies, including Bittensor and Render, gained on positive sentiment after Nvidia's earnings and comments on AI by Ethereum's Vitalik Buterin. Spot Bitcoin ETFs saw a slowdown in flows, while Reddit's IPO and investment in Bitcoin and Ethereum marked significant developments. The Nasdaq Composite and Dow Jones also saw gains, attributed to strong earnings and economic data.

Portfolio Pulse from Khyathi Dalal

February 25, 2024 | 3:03 pm

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