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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) price has risen 3.18% to $0.0000084 in the past 24 hours, continuing its positive trend over the past week with a 6.0% gain. The trading volume for the coin has climbed 30.0% over the past week, while the overall circulating supply has decreased 0.17% to 589.33 trillion. The current market cap ranking for SHIB is #18 at $4.97 billion.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 7:00 pm

Shiba Inu (CRYPTO: SHIB) has launched the 'SHIB Name Service' (SNS) on the Shibarium Layer-2, aiming to simplify blockchain addresses and enhance digital identity. The service is part of the SHIBDentity system and allows users to bypass complex blockchain addresses by providing easily readable on-chain addresses. The SNS can be accessed via name.shib.io and users can use various Web3 wallets to acquire their domain. The SHIBDentity concept revolves around self-custodial authentication via Web3, decentralized verifiable credentials stored on-chain, W3C Standard Compliance, and a built-in trust system.

Portfolio Pulse from Benzinga Neuro

November 02, 2023 | 8:55 am

Bitcoin's price surge above $35,000 has led to gains in meme coins and altcoins, including Shiba Inu, Floki, Dogecoin, and Pepe. The U.S. Federal Open Market Committee maintained the benchmark fed funds rate range at 5.25%-5.50%. Bitcoin's price reached a new 18-month high, surpassing $35,500.

Portfolio Pulse from Mehab Qureshi

November 02, 2023 | 4:55 am

Solana-based meme coin BONK has outperformed Dogecoin and Shiba Inu in the last 24 hours. BONK, launched on December 25, 2022, appreciated by over 3,300% to a peak of $0.00000487 in January 2023. Currently, BONK is trading at $0.0000006757, while DOGE and SHIB are up 0.25% and 0.10% respectively. Amidst the rally fueled by the Bitcoin ETF, BONK has emerged as the top meme coin performer today, generating a trading volume of over $20.5 million.

Portfolio Pulse from Mehab Qureshi

October 31, 2023 | 6:10 am

Dogelon Mars (CRYPTO: ELON), a cryptocurrency inspired by Dogecoin (CRYPTO: DOGE) and Elon Musk’s vision of human colonization on Mars, has seen a 6% increase in value over the past 24 hours, outperforming Shiba Inu (CRYPTO: SHIB) and Dogecoin. The rise in value can be attributed to the overall surge in meme coins, driven by Bitcoin’s (CRYPTO: BTC) climb to $34,000. An additional factor contributing to the momentum of Dogelon Mars is the introduction of an exclusive NFT collection designed specifically for the ELONgevity community.

Portfolio Pulse from Mehab Qureshi

October 30, 2023 | 7:02 am

Shiba Inu (CRYPTO: SHIB) has seen a jump of 11% in its past 7-day trading and 6.7% monthly gains. The trading volume of the token has surged 106.6% in the past 24 hours. Shiba Inu is indicating a potential upswing in the market. The memecoin market has recently witnessed significant interest from whale investor activity. Shiba Inu whales reported $300 million worth of Shiba Inu tokens indicating a bullish sentiment on the memecoin. Shibarium peaked at 3.5 million transactions in just two months since its inception, led by a 493% jump in transactions to 62,570 in the past 24 hours. Bone (CRYPTO: BONE) also surged to a 15% price hike this week.

Portfolio Pulse from Khyathi Dalal

October 27, 2023 | 9:22 pm

Ethereum (ETH) traded above the key $1,800 mark, while Bitcoin (BTC) traded slightly lower but above the $34,000 level. Gala (GALA) was the top gainer over the prior 24 hours, while Solana (SOL) was the biggest loser. The U.S. economy grew an annualized 4.9% in Q3, higher than market expectations of 4.3%. The global crypto market cap rose to $1.27 trillion, recording a 24-hour gain of 0.6%.

Portfolio Pulse from Lisa Levin

October 26, 2023 | 1:34 pm

Shiba Inu's (CRYPTO: SHIB) price has risen 5.21% to $0.0000078 in the past 24 hours, continuing its positive trend over the past week with a 12.0% gain. The trading volume for the coin has risen 242.0% over the past week, while the circulating supply has decreased 0.27% to 589.33 trillion. The current market cap ranking for SHIB is #19 at $4.53 billion.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 7:00 pm

Shiba Inu (CRYPTO: SHIB) is partnering with UGC creator platform, RSTLSS, to leverage the Shibarium blockchain for creating digital and physical wearables. The partnership will enhance RSTLSS's digital fashion universe and facilitate the creation of real-world apparel inspired by metaverse concepts. RSTLSS has previously collaborated with industry leaders like Ubisoft, Epic, and Roblox. The Shibarium blockchain, built on Ethereum (CRYPTO: ETH), adopts an eco-conscious, community-driven Proof of Stake (POS) consensus approach.

Portfolio Pulse from Murtuza Merchant

October 25, 2023 | 2:22 pm

Shiba Inu (SHIB) has seen a 6% increase and a 600% spike in token burn rate amid a wider market rally due to optimism surrounding potential approval of Bitcoin (BTC) spot ETFs. The trading volume of SHIB surged by 147.39%, reaching $245 million within a 24-hour period. This coincides with Bitcoin's recent milestone of surpassing $34,000. The price movements align with a significant development related to the highly anticipated spot Bitcoin ETF by BlackRock, known as the iShares Bitcoin Trust.

Portfolio Pulse from Mehab Qureshi

October 24, 2023 | 4:58 am

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