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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 (CRYPTO: SHIB) saw a 7.6% gain over the past week, with Tron founder Justin Sun withdrawing 577 billion SHIB tokens from Binance. The withdrawals coincided with SHIB's market rally and a listing of Bone ShibaSwap (CRYPTO: BONE) by Indodax. SHIB's market cap stands at $5.9 billion, despite a 1.3% price drop and a 39% trading volume decrease in the last 24 hours. SHIB holders show strong confidence with a 78% large holder concentration and 75% holding for over a year. Shibarium, associated with SHIB, reported low gas fees and high transaction numbers.

Portfolio Pulse from Khyathi Dalal

December 19, 2023 | 8:25 pm

Bonk (CRYPTO: BONK) has seen a 578% increase in the past month, outperforming Shiba Inu (CRYPTO: SHIB), which gained 18.9% in the same period. Arthur Hayes predicts BONK could surpass SHIB as the second-largest dog-themed memecoin. BONK's listing on major exchanges like Coinbase and Binance contributed to its price surge, although it experienced a pullback due to profit-taking. BONK aims to become the community coin of Solana (CRYPTO: SOL) and be used in various DApps.

Portfolio Pulse from Khyathi Dalal

December 18, 2023 | 8:49 pm

Shiba Inu (CRYPTO: SHIB) has seen a price decrease of 3.23% in the last 24 hours, despite a 9.0% increase over the past week. The trading volume has decreased by 19.0%, while the circulating supply has increased by 0.57%, bringing it to 589.31 trillion. Shiba Inu's market cap is currently ranked #17, valued at $5.99 billion.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 7:01 pm

Shiba Inu (SHIB) experienced a significant token burn over the weekend, with 8.6 billion SHIB tokens burned in six transactions, resulting in a 727,000% spike in burn rate. The SHIB team member Lucie reported the burn and hinted at more to come, with lead developer Shytoshi Kusama emphasizing the importance of global adoption for impactful burns. Shibarium transactions have increased, with an average of 7.5 million daily transactions since December 2. Cryptocurrency analyst Ali Martinez suggests a potential breakout for SHIB if it maintains the support level at $0.0000103. Currently, SHIB is trading at $0.000010, down 8% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 18, 2023 | 6:01 am

Crypto analysts are predicting a surge for meme coins, particularly Shiba Inu (CRYPTO: SHIB) and Floki (CRYPTO: FLOKI). Crypto Tony highlighted SHIB's momentum and anticipates a 'supreme pump' for FLOKI. Another analyst, MacroCRG, considers FLOKI a 'blue-chip' meme coin with intrinsic value. FLOKI is also launching an aggressive marketing campaign in Hong Kong. Additionally, Ali Martinez suggests a potential breakout for SHIB if it maintains a support level.

Portfolio Pulse from Mehab Qureshi

December 18, 2023 | 3:35 am

Cathie Wood's Ark Invest sold 82,255 shares of Coinbase Global Inc (NASDAQ:COIN) through its ETFs ARKK, ARKW, and ARKF, amidst a crypto market downturn. Bitcoin is predicted to face a downturn, potentially dropping to $38,000. BONK, a Dogecoin rival, saw a 75% price increase and a 140% surge in trading volume. Shiba Inu's supply on exchanges decreased by 0.51%, indicating potential for price gains. Crypto analyst Ali Martinez predicts a bullish breakout for Shiba Inu, with a key resistance at $0.000011.

Portfolio Pulse from Benzinga Neuro

December 17, 2023 | 11:34 am

Crypto analyst Ali Martinez predicts a potential bullish breakout for Shiba Inu (SHIB) if it closes above a key resistance level. However, a rejection could lead to a short-term pullback. SHIB has been in a downward channel since September 2022 and recently saw a significant burn rate increase, outperforming rivals like Dogecoin (DOGE) and Pepe (PEPE). SHIB is currently trading at $0.000010.

Portfolio Pulse from Ananya Gairola

December 16, 2023 | 9:00 am

Shiba Inu (CRYPTO: SHIB), a decentralized meme token, has been experiencing a bullish trend with a 14% increase over the past month. Currently ranked 16th by market cap, SHIB's price is at $0.00000971. Changelly predicts a short-term increase to $0.00001072 by Dec. 16, 2023, and substantial long-term growth, with a potential peak at $0.0001609839 by 2030. Despite the optimism, investors are reminded of the crypto market's volatility and the need for thorough research.

Portfolio Pulse from Murtuza Merchant

December 15, 2023 | 6:05 pm

Solana developers received a BONK token airdrop last Christmas initially worth $300, which has now appreciated to $500,000. The meme coin BONK surged 821% in 30 days, with its market cap exceeding $1 billion. Around 173 developers received 25 billion BONK tokens each. BONK's trading volume increased by 140%, outperforming other meme cryptocurrencies like Dogecoin and Shiba Inu.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 12:44 pm

Solana's meme token BONK has seen a 75% price surge after being added to Coinbase's roadmap, with its trading volume increasing by 140%. Dogecoin and Shiba Inu also experienced gains. Analysts are divided on BONK's future, with one predicting a 20x increase and another warning of a potential correction.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 4:00 am

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