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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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The Shiba Inu ecosystem Shibarium has partnered with the Manny Pacquiao Foundation to aid in fundraising and operations. Shibarium, a layer 2 blockchain built on Ethereum, offers faster and cheaper transactions, which could benefit the foundation's charitable activities. Despite initial launch issues, Shibarium is processing thousands of transactions daily. SHIB, the ecosystem's token, has seen a 4.70% increase in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 16, 2023 | 4:09 am

Shiba Inu (CRYPTO: SHIB) has seen a price increase of 6.7% in the last 24 hours, reaching $0.0000087. Over the past week, the cryptocurrency has risen over 5%, from $0.0000083. Trading volume has increased by 34% over the week, while the circulating supply slightly decreased by 0.01%, now standing at 589.33 trillion SHIB. Shiba Inu's market cap is currently ranked #19, valued at $5.14 billion.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 7:01 pm

Shiba Inu (CRYPTO: SHIB) experienced volatility, briefly trading flat before falling over 4% after a hoax regarding the iShares XRP Trust registration. It traded in tandem with Dogecoin (CRYPTO: DOGE), which also fell over 4%. Despite the pullback, Shiba Inu maintains its uptrend, indicated by higher highs and higher lows on the chart. The crypto recently crossed above the 200-day SMA, suggesting a long-term uptrend. Resistance and support levels were identified for Shiba Inu.

Portfolio Pulse from Melanie Schaffer

November 14, 2023 | 9:13 pm

IntoTheBlock data reveals that 57% of Dogecoin (DOGE) holders are in profit, compared to only 25% of Shiba Inu (SHIB) holders. While 71% of SHIB investors are at a loss, only 39% of DOGE investors are in the same position. Both cryptocurrencies show strong investor loyalty, with over 72% holding for more than a year. SHIB has seen higher transactional value in significant trades, suggesting potential growth. Dogecoin's community remains stable, and its market is more Western-centric, possibly influenced by figures like Elon Musk.

Portfolio Pulse from Mehab Qureshi

November 14, 2023 | 11:21 am

The meme cryptocurrency MEME has seen a 50% increase in value, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB), which fell by 2-4%. MEME's market cap rose to $288 million, and its trading volume surged by over 780%. Despite having no utility or roadmap, MEME's success is partly due to its association with the Memeland Group and 9GAG. The token is not intended for use as a payment method, and its white paper includes a disclaimer to this effect.

Portfolio Pulse from Mehab Qureshi

November 14, 2023 | 5:30 am

MEME Coin (CRYPTO: MEME) surged 10% outperforming Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) amid reports of a potential airdrop frenzy. On-chain analytics firm Lookonchain reported 2.35 billion MEME tokens requested, worth about $52.4 million. High-profile cryptocurrency whales are among the requesters. MEME's price spiked after being listed on Binance, despite the project's white paper stating it's not intended for use as a payment method. The Memeland Group, associated with 9GAG, is behind the MEME project.

Portfolio Pulse from Mehab Qureshi

November 13, 2023 | 7:21 am

Bitcoin's price is rallying, surpassing $35,000, driven by interest in Bitcoin Spot ETFs and anticipation of the 2024 halving. Gracy Chen, CEO of Bitget, believes the Federal Reserve’s interest rates and the introduction of spot BTC ETFs could heavily influence the BTC price. She also expressed skepticism about Ark Invest CEO Cathie Wood’s prediction of BTC reaching $1 million by 2030, but believes $100,000 is feasible. Bitget has grown to 1,500 employees and its copy trading product has been successful. Chen also expressed interest in layer two solutions and various tokens ranked between 100 to 1,000 market cap.

Portfolio Pulse from Mehab Qureshi

November 10, 2023 | 11:58 am

Shiba Inu (CRYPTO: SHIB) is trading lower by 2.7% amid volatility in the cryptocurrency market. The market is currently influenced by growing optimism about the approval of a Bitcoin ETF. Major financial firms are adjusting their ETF applications, and experts believe the SEC may approve a spot Bitcoin ETF soon. The approval or delay of this could significantly impact the price of cryptocurrencies, including Shiba Inu.

Portfolio Pulse from Henry Khederian

November 09, 2023 | 7:38 pm

Meme coins Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) are experiencing a surge in futures trading activity, driven by the recent increase in Bitcoin’s (CRYPTO: BTC) value. SHIB’s open interest rose by 23% to $61.74 million, while DOGE’s open interest increased by 14.6% to $328 million. This rise in open interest suggests new capital entering the market, with a clear preference for meme coin derivatives. Despite XRP’s price soaring by 18.6%, its open interest only saw a marginal increase of 0.76%, suggesting that its gains were predominantly driven by spot market transactions.

Portfolio Pulse from Mehab Qureshi

November 08, 2023 | 5:50 am

Shiba Inu (CRYPTO: SHIB) saw a 14,400% surge in burn within a single day, resulting in the elimination of over 173 million SHIB. The spike in burn is attributed to an ambitious strategy unveiled by Lucie, the marketing lead for the Shiba Inu project team, called 'The Big Plan from The Shiba State.'

Portfolio Pulse from Mehab Qureshi

November 07, 2023 | 5:47 am

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