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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's (CRYPTO: SHIB) burn rate has spiked over 5000% in the past 24 hours with 53 million SHIB tokens removed from circulation. Two anonymous addresses burned 50 million SHIB in two transactions. SHIB whales have been active, with 47 large transactions noted. Since October, over 30,000 new non-zero SHIB addresses have been created, indicating increased engagement. Analyst Ali Martinez reported a withdrawal of over 8 trillion SHIB from exchange wallets since November. SHIB is currently trading at $0.000010, down 0.24%.

Portfolio Pulse from Mehab Qureshi

December 25, 2023 | 4:08 pm

Solana's meme coin BONK has seen a 9000% increase year-to-date, reaching a market cap of $1.17 billion, making it the third-largest dog-themed coin. The surge followed a significant airdrop to the Solana community and support from major exchanges like Coinbase and Binance. The Solana Saga phone also saw increased demand due to BONK. Other Solana-based tokens like Helium and Dogwifhat also experienced substantial gains. However, analysts warn of a potential correction for BONK in the near future.

Portfolio Pulse from Mehab Qureshi

December 25, 2023 | 11:15 am

Shiba Inu (CRYPTO: SHIB) has seen 8 trillion tokens withdrawn from exchanges since November, valued at $88 million. Whale activity has increased, with large transactions up by 150% in the past 30 days. Justin Sun, founder of Tron (CRYPTO: TRON), is among the whales accumulating SHIB. A significant SHIB burn rate increase coincides with a partnership with D3 Global for the .shib domain. SHIB's price is down 1.98% at $0.00001089.

Portfolio Pulse from Rounak Jain

December 24, 2023 | 7:17 pm

The cryptocurrency market saw significant developments this week, with Shiba Inu's (CRYPTO: SHIB) burn rate increasing by 28,350% after a partnership with D3 Global for the .shib domain. Dogecoin (CRYPTO: DOGE) is predicted to rally if it crosses $0.106, and Elon Musk's X platform may integrate Dogecoin payments. Solana (CRYPTO: SOL) is forecasted to break out against Bitcoin (CRYPTO: BTC), potentially leading to a rally in its USD pair.

Portfolio Pulse from Benzinga Neuro

December 24, 2023 | 9:42 am

Shiba Inu (CRYPTO: SHIB) has seen a 4.66% increase in price over the past 24 hours, continuing a positive trend with a 10% gain over the past week. The trading volume for SHIB has risen by 23%, and its circulating supply has increased by 0.09%. Currently, SHIB's market cap ranks it at #18, valued at $6.32 billion.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 3:03 pm

Shiba Inu (CRYPTO: SHIB) saw a significant burn rate increase with 8.53 billion SHIB, worth over $90,000, removed from circulation, marking a 161,500% surge in 24 hours. The lead developer hinted at an upcoming announcement. Additionally, SHIB partnered with D3 Global to secure the .shib domain, aiming to enhance Web3 interoperability within its ecosystem.

Portfolio Pulse from Mehab Qureshi

December 22, 2023 | 4:59 am

ShibChain, a new Layer-2 scaling solution for the Shiba Inu ecosystem, has been launched on Polygon's CDK framework. It competes with Shibarium and will use SHIB as its gas fee, unlike Shibarium which uses BONE. ShibChain aims to increase the utility of SHIB by allowing its use in games, NFTs, and DeFi, with low transaction costs and high efficiency. Shiba Inu's price has seen a 3% increase in the last 24 hours and a 29.3% gain over the past month.

Portfolio Pulse from Khyathi Dalal

December 21, 2023 | 11:36 pm

Shiba Inu (CRYPTO: SHIB) experienced a dramatic 28,350% increase in its burn rate with over 6.3 million SHIB tokens sent to a dead wallet. This follows a partnership with D3 Global to acquire the .shib domain, aiming to boost global adoption. SHIB's price rose 1.76% to $0.000010.

Portfolio Pulse from Mehab Qureshi

December 21, 2023 | 3:59 am

Shiba Inu (CRYPTO: SHIB) saw a 2.8% increase during Wednesday's trading after announcing a collaboration with D3 Global for the .shib domain. Despite the news, SHIB's value remained relatively stable, continuing the sideways trend from the weekend's volatility. Technical analysis suggests SHIB may consolidate further before establishing a new trend, with key resistance at $0.00001081 and support at $0.00000966.

Portfolio Pulse from Melanie Schaffer

December 20, 2023 | 8:28 pm

A trader turned a $454 investment in Coq Inu (COQ), a meme coin on the Avalanche blockchain, into $2.19 million in two weeks. They sold 4.61 trillion COQ for 32,251 AVAX and 259,000 USDC, retaining 250 billion COQ valued at ~$700,000. Coq Inu's market cap is $230 million, with a 900% price surge in a week. Floki Inu (FLOKI) and Baby Doge Coin (BABYDOGE) also showed movement, with FLOKI down 12% and BABYDOGE up 8% in the last two weeks. Investors are cautioned about the speculative nature of meme coins.

Portfolio Pulse from Murtuza Merchant

December 20, 2023 | 6:16 pm

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