Streetbeat News

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.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

The GameStop-inspired meme coin (GME) surged 150% in two days, with trading volumes hitting $14.4 million. This rally is attributed to a report predicting GameStop's positive Q4 2023 earnings and early profitability. Meanwhile, GameStop's stock (NYSE:GME) increased by 3.7%. Other meme coins on Solana, such as Dogwifhat and Bonk, experienced declines. The surge in GME coin's value has sparked discussions in the crypto community, with significant attention from crypto whales and speculation about its future potential.

Portfolio Pulse from Khyathi Dalal

February 06, 2024 | 9:29 pm

Bittensor (CRYPTO: TAO) reached a new all-time high of $516, marking a 13% increase on the day and a 113% increase over the last 30 days, bringing its market capitalization to over $3 billion. Analysts are bullish, predicting it could surpass the market caps of Shiba Inu (CRYPTO: SHIB) and Cardano (CRYPTO: ADA). The surge in AI token market capitalization and anticipation of Nvidia's earnings are contributing factors. High-profile endorsements and comparisons to Bitcoin and Ethereum for AI decentralized applications highlight its potential.

Portfolio Pulse from Khyathi Dalal

February 06, 2024 | 5:31 pm

Andrew Kang, co-founder of Mechanism Capital, announced an investment in Trump-related meme coins and NFTs, causing the $TRUMP token to surge 32%. Kang believes $TRUMP can rival Dogecoin and Shiba Inu due to Trump's ability to monopolize attention, especially with the upcoming U.S. primary elections and court cases. The Ethereum version, MAGA memecoin, is highlighted for its high market cap and community support. Risks include Trump disavowing the coin. $TRUMP's value has increased 100X since its launch, with a current market cap of $115 million.

Portfolio Pulse from Ivan Crnogatić

February 06, 2024 | 2:10 pm

Dogecoin (DOGE) has outperformed its memecoin rivals like Shiba Inu (SHIB), Pepe (PEPE), and Floki (FLOKI) in terms of holder profitability, monthly losses, and trading volume. Elon Musk's recent activity on Twitter has fueled speculation about Dogecoin's future, particularly regarding its potential use in the X Payments feature. Crypto analyst Ali Martinez predicts increased price volatility for Dogecoin based on Bollinger Bands analysis.

Portfolio Pulse from Khyathi Dalal

February 05, 2024 | 10:18 pm

Traders turned a $3,694 investment into $1.78 million by trading $dogwifhat, an Ethereum-based copy of the 'Dogecoin Killer' WIF, potentially indicating insider trading. The trade involved 12 new wallets purchasing $dogwifhat simultaneously with the deployer, leading to significant profits. The incident raises questions about the legitimacy of the Ethereum-based meme token and potential 'pump and dump' scenarios.

Portfolio Pulse from Khyathi Dalal

February 05, 2024 | 7:17 pm

Viral videos of the Charging Bull statue on Wall Street wearing a knitted hat have caused the memecoin Dogwifhat (WIF) to surge 17%. The stunt, which attracted significant attention on social media, has been linked to a potential increase in the coin's popularity, with it trading around $0.25, up from the past 24 hours but still down 50% from its all-time high. The event has been seen as a sign of cryptocurrency culture becoming more mainstream, with memecoins like Dogwifhat, Dogecoin (DOGE), Shiba Inu (SHIB), and Solana (SOL) at the forefront.

Portfolio Pulse from Ivan Crnogatić

February 03, 2024 | 9:24 pm

This week in cryptocurrency saw the debut of a GameStop memecoin on Solana, a surge in Optimus AI's market cap following an Elon Musk tweet, predictions of a Dogecoin price jump, a significant increase in Shiba Inu's burn rate, and Donald Trump's criticism of CBDCs. The GameStop memecoin quickly reached a market cap of over $14 million, while Optimus AI's price soared after Musk's tweet. Analyst Muro predicts a 6% increase in Dogecoin's value, and Shiba Inu's burn rate skyrocketed by over 1,500% in a day. Trump expressed concerns over the freedom-threatening potential of CBDCs.

Portfolio Pulse from Benzinga Neuro

February 03, 2024 | 1:26 pm

Shiba Inu (CRYPTO: SHIB) burned nearly 10 billion tokens in January, with its marketing lead expressing optimism about Shibarium's progress and potential significant partnerships. The burn rate in the past 24 hours was 78%, with the total burned tokens nearing half of Shiba Inu's maximum supply. Shibburn data revealed 9.94 billion SHIB were burned in January across 269 transactions. Lucie's statement about Shibarium attracting strategic partnerships and the recent whale transfers involving 1.2 trillion tokens suggest potential liquidity movements and positive fundamentals for SHIB, BONE, and LEASH.

Portfolio Pulse from Khyathi Dalal

February 01, 2024 | 8:20 pm

Elon Musk's tweet featuring a video of Tesla's humanoid robot, Optimus, caused a 25% surge in the price of the memecoin Optimus AI (OPTI). Blockchain entrepreneur Bruno Volcovinsky commented on the quick money-making opportunity this presents for investors. Crypto analyst Tiredwtf noted Musk's significant influence on crypto prices, referencing past surges in Dogecoin and other Elon-inspired coins. However, the price of OPTI has since corrected, falling back to around 20 cents.

Portfolio Pulse from Murtuza Merchant

January 31, 2024 | 10:22 pm

Qiao Wang, a crypto founder and former Messari employee, emphasizes the importance of anticipating memes and narratives in the crypto market. He suggests that understanding and acting on these trends is crucial for success in public crypto markets. Memecoins like Dogecoin and Shiba Inu, despite lacking fundamental value, have achieved multi-billion dollar valuations. Wang's insights highlight the role of 'degens' (high-risk tolerance crypto traders) as pioneers who often lead the way in adopting new coins and finding use cases, such as stablecoins. While not all retail investors may want to become degens, observing their strategies can be beneficial for understanding market trends and making successful investments.

Portfolio Pulse from Ivan Crnogatić

January 31, 2024 | 2:47 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.