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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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Dogwifhat (WIF), a memecoin on the Solana blockchain, has seen a 54% daily gain, reaching a market capitalization of $400 million. This surge has sparked discussions among traders about the potential for WIF to surpass the market capitalization of Shiba Inu (SHIB). Dogwifhat's performance outshined other Solana-based memecoins like Myro (MYRO) and Bonk (BONK), with a significant daily trading volume of $24 million. Traders are setting high price targets for WIF, similar to past targets for Dogecoin (DOGE) and SHIB, but the reliability of such predictions is questionable.

Portfolio Pulse from Ivan Crnogatić

January 17, 2024 | 10:04 pm

An anonymous trader, RockeFeller.eth, turned $5,000 into $1.8 million in one month by trading dogwifhat (WIF), a memecoin on Solana. WIF's market cap soared to over $300 million. The trader's success story follows a similar event where another trader profited $4.4 million from Bonk (BONK), also on Solana. WIF experienced a 600% increase in value, challenging other dog coins like Dogecoin (DOGE) and Shiba Inu (SHIB). The future of WIF as a leading memecoin is uncertain, but the trend of dog-related memecoins gaining rapid valuations on Solana continues.

Portfolio Pulse from Ivan Crnogatić

January 16, 2024 | 2:41 pm

Shiba Inu (CRYPTO: SHIB) experienced a 1600% increase in its token burn rate, with 88 million tokens sent to a dead wallet in one day. The surge is attributed to three anonymous wallets transferring 83 million SHIB. Concurrently, an Ethereum whale purchased 237.869 billion SHIB, FTX tokens (CRYPTO: FTT), and Ethereum (CRYPTO: ETH), contributing to a collective acquisition of 5.807 trillion SHIB by five addresses. Meanwhile, Shiba Inu's daily transaction count has significantly decreased from 7 million in December 2023 to under 2 million in January 2024.

Portfolio Pulse from Mehab Qureshi

January 16, 2024 | 7:17 am

WYNN, a memecoin associated with rapper Drake, has seen a significant increase of 152% in the past 24 hours, reaching a market capitalization of over $40 million. The coin's rapid rise on the Solana platform has outperformed other memecoins and even established cryptocurrencies like Dogecoin and Shiba Inu, which have seen more modest gains. Enthusiasm around WYNN is growing, with investors drawing parallels to previous memecoin rallies, but there is also a cautionary reminder of the potential for sharp price corrections in the memecoin market.

Portfolio Pulse from Ivan Crnogatić

January 15, 2024 | 7:50 pm

Shiba Inu (CRYPTO: SHIB) has seen a price drop of 3.53% in the last 24 hours, contrasting with a 4.0% increase over the past week. The trading volume has decreased by 41.0%, while the circulating supply has risen by 0.36%, resulting in a current market cap ranking of #19 at $5.64 billion.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 3:02 pm

TokenFi (CRYPTO: TOKEN), a sister token of Floki (CRYPTO: FLOKI), surged 33% in the past week, outperforming other meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). BlackRock CEO Larry Fink's comments on the potential of tokenization and the approval of spot Bitcoin ETFs by the SEC have been linked to the positive sentiment around TokenFi. Fink's belief in Ethereum-based ETFs as a step towards tokenization has been echoed by Floki Core contributor B Da Viking, emphasizing the importance of tokenization in the future of finance.

Portfolio Pulse from Mehab Qureshi

January 15, 2024 | 9:59 am

WYNN, a meme cryptocurrency, has seen a significant increase in mentions and popularity, partly due to a tweet from a crypto influencer featuring a Drake-related meme. The token's market capitalization surged 500% in two days, raising questions about the potential for a new meme coin era. While WYNN's rise is notable, it remains uncertain if it will challenge established meme coins like Dogecoin and Shiba Inu. Celebrity influence, as seen with Drake's indirect endorsement, continues to play a significant role in the crypto market.

Portfolio Pulse from Murtuza Merchant

January 12, 2024 | 9:33 pm

Crypto analyst Ali Martinez predicts a bullish breakout for Pepe Coin (PEPE) as it exits a bearish channel. PEPE has outperformed other meme coins with a 12% rise over the past week. Martinez also forecasts a potential rally for Solana (SOL) if it sustains above $106, with a possible 47% increase in price. At the time of reporting, PEPE was trading at $0.0000013, while SOL was at $94.38.

Portfolio Pulse from Mehab Qureshi

January 12, 2024 | 11:19 am

Shiba Inu (CRYPTO: SHIB) saw a 400% increase in token burn rate, with 18 million SHIB tokens removed from circulation. Three anonymous entities burned 16 million SHIB, and Ethereum whales have been accumulating SHIB, with one transaction moving 136.86 billion SHIB worth $1.38 million from Binance to a private wallet. Over the past month, $24.15 million worth of SHIB has been withdrawn from Binance, while SHIB's price increase lags behind Bitcoin and Ethereum.

Portfolio Pulse from Mehab Qureshi

January 12, 2024 | 9:20 am

Dogwifhat (CRYPTO: WIF) experienced a 124.5% surge following its listing on ByBit, with trading volume increasing by 445%. The meme coin's market cap nearly quadrupled, positioning it as the fifth-largest meme coin. Analysts suggest Binance and Coinbase could list WIF next. Dogwifhat outperformed other meme coins like Bonk and established tokens such as Dogecoin and Shiba Inu. Daily unique holders of WIF have surpassed 30,000, with whale activity contributing to its initial price movement. An $8.8 million purchase of WIF, now worth $3.1 million, is speculated to be a publicity stunt.

Portfolio Pulse from Khyathi Dalal

January 11, 2024 | 10:53 pm

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