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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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Shibarium, a layer-2 solution for Shiba Inu (CRYPTO: SHIB), has surpassed 100 million transactions, coinciding with SHIB's listing on Japanese exchange Coincheck. The community is bullish, with plans to burn over $1.1 million worth of SHIB. Coincheck's listing of SHIB is seen as a significant development, and the token's price is up 2.23% over the past 24 hours, with a 20% increase over the month.

Portfolio Pulse from Khyathi Dalal

December 14, 2023 | 9:51 pm

Shiba Inu (CRYPTO: SHIB) has seen a price increase of 4.71% in the last 24 hours, continuing a positive trend with a 1.0% gain over the past week. Despite the price rise, trading volume has decreased by 26.0%, and the circulating supply has slightly decreased by 0.24%. SHIB's current market cap is $5.84 billion, ranking it 18th.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 3:00 pm

Shiba Inu (CRYPTO: SHIB) has seen a 6% increase, outperforming Dogecoin (CRYPTO: DOGE) and Pepe Coin (CRYPTO: PEPE). Analyst AlanSantana predicts a pattern of bullish and bearish waves for SHIB, with a potential for sustained long-term growth despite expected corrections. Shibarium's recent activity and the burning of 8.2 billion SHIB tokens have contributed to discussions within the community. SHIB's price rose to $0.0000099, marking an 8% increase in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 14, 2023 | 7:29 am

Solana's meme coin BONK surged 42% in 24 hours, approaching its all-time high. Coinbase's announcement of BONK's inclusion in their listing roadmap contributed to the rise. The market's positive reaction to the Federal Reserve's interest rate decision and a broader crypto market recovery, with Bitcoin gaining over 5%, provided a favorable environment for cryptocurrencies, including meme tokens like BONK, DOGE, and SHIB.

Portfolio Pulse from Mehab Qureshi

December 14, 2023 | 5:52 am

Shiba Inu (CRYPTO: SHIB) has seen a 0.51% decrease in its supply on exchanges over the past month, indicating less selling pressure and potential for price gains. The Shibarium network has experienced a surge in transactions and wallet count since its launch, with a significant number of SHIB tokens burned recently. Despite these developments, SHIB's price has dropped by 2.75% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 13, 2023 | 5:42 am

Shiba Inu (CRYPTO: SHIB), an Ethereum-based memecoin, is in the spotlight after a significant transfer of 4.2 trillion SHIB and a teaser from its lead developer about an upcoming 'game-changing announcement.' The announcement is speculated to be related to the Shibarium L2 Blockchain, which will start automated SHIB burns in January 2024. Shibarium has seen an increase in daily transactions and has processed 93.6 million transactions since its mainnet launch. SHIB's price has risen 1.5% in the past 24 hours.

Portfolio Pulse from Khyathi Dalal

December 12, 2023 | 9:10 pm

Ex-Coinbase professionals have established a $500 million fund, C1, to acquire secondary shares in crypto firms like Animoca Brands and Chainalysis at discounts of 50% to 80%. The fund targets companies valued at $300 million or more and plans to invest $20 million to $50 million per deal. Animoca Brands, now valued at $7.8 billion, and Chainalysis, valued at $8.4 billion, are potential targets. The crypto market is showing signs of recovery, with Bitcoin crossing $40,000 and anticipation of a U.S.-regulated Bitcoin ETF and a Bitcoin network upgrade.

Portfolio Pulse from Murtuza Merchant

December 11, 2023 | 4:01 pm

BONK, a meme coin associated with Solana, has surged 5700% since the start of the year, outperforming other meme cryptocurrencies like Dogecoin and Shiba Inu. However, a crypto analyst named Ali has indicated that BONK is showing a sell signal on the TD Sequential indicator, suggesting a potential correction period of one to four weeks. BONK recently hit an all-time high of $0.000011, and KuCoin has introduced a BONK/USDT trading pair. Currently, BONK is trading at $0.000011, down 3.21% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 11, 2023 | 1:00 pm

Cryptocurrency analyst Michael Van de Poppe has highlighted the meme cryptocurrency PEPE, comparing its potential to Dogecoin (DOGE). He suggests buying dips in PEPE as a strategy, predicting a 30% surge to $0.000002000. PEPE has already risen 40% in the past week. Van de Poppe also sees potential in Ethereum (ETH) against Bitcoin (BTC), predicting ETH could reach $3,000+ in Q1. The optimism is partly due to the Bitcoin spot ETF, which has helped Bitcoin and other altcoins like DOGE and Shiba Inu (SHIB) gain value.

Portfolio Pulse from Mehab Qureshi

December 08, 2023 | 12:35 pm

BONK, a meme coin on the Solana blockchain, surged 36% in a day, outperforming Bitcoin, Ethereum, Dogecoin, and Shiba Inu. BONK reached a new all-time high of $0.000011, with a 946% increase over the last 30 days. The spike in BONK's price and social media interactions coincides with its listing on KuCoin and growing interest in Solana. In contrast, Bitcoin, Dogecoin, and Shiba Inu saw slight declines, while Ethereum increased by 5%.

Portfolio Pulse from Mehab Qureshi

December 08, 2023 | 3:49 am

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