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SHIBUSD

Shiba Inu / US Dollar

https://shibatoken.com/

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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Bad Idea AI (CRYPTO: BAD) has surged 40% in the past 24 hours, outperforming meme cryptocurrencies like Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE). This follows news that SHIB's lead developer, Shytoshi Kusama, is collaborating with Bad Idea AI on a new AI initiative. Meanwhile, a SHIB whale has withdrawn trillions of SHIB tokens from a Netherlands-based cryptocurrency exchange.

Portfolio Pulse from Mehab Qureshi

October 06, 2023 | 4:59 am

The burn rate of Shiba Inu (CRYPTO: SHIB) has spiked over 75% in the last 24 hours, with 49 million SHIB tokens removed from circulation. Despite this, SHIB's price has remained relatively stagnant, with no significant movement beyond the support level at $0.0000070. The Shiba Inu development team is nearing the final stages of the renouncement process for the Bone ShibaSwap (CRYPTO: BONE), Shibarium’s official token.

Portfolio Pulse from Mehab Qureshi

October 05, 2023 | 7:10 am

Honda Motor Co Ltd. has expanded its payment options to include around 46 cryptocurrencies, in partnership with blockchain payment system, FCF Pay. This move comes as Japan sees a rise in crypto funding for startups and the country's ruling Liberal Democratic Party's Web3 project team releases proposals to expand the Web3 industry. Honda also unveiled a new limited edition NFT at the Formula One Honda & Red Bull welcome event in Tokyo.

Portfolio Pulse from Khyathi Dalal

October 03, 2023 | 9:57 pm

Shiba Inu (CRYPTO: SHIB), a meme-based cryptocurrency, plunged 4% in value within the last 24 hours due to a significant drop in the SHIB burn rate. Over $250,000 worth of SHIB was liquidated in the past 24 hours, with $249,750 being associated with long positions. Despite the drop in value, the trading volume of SHIB saw a 15% increase, reaching $112.8 million on Tuesday.

Portfolio Pulse from Mehab Qureshi

October 03, 2023 | 7:08 am

Baby Doge (CRYPTO: BABYDOGE) experienced a 5% surge in value within the last 24 hours, outperforming other meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). The price increase is attributed to a significant burn event of over $5 million worth of Baby Doge tokens and the upcoming listing of Baby Doge on GroveXchange. Elon Musk's tweet also played a role in boosting meme-related cryptocurrencies.

Portfolio Pulse from Mehab Qureshi

October 03, 2023 | 5:00 am

A 35-year-old former supermarket warehouse manager, Rob, retired early after his $8,000 investment in Shiba Inu (CRYPTO: SHIB) reaped him $500,000. Rob invested in SHIB in 2021 and saw the coin's price skyrocket 1,200 times higher than its value in February. He withdrew $500,000 worth of SHIB coins and transferred the sum to his bank account. If he had held onto his SHIB holdings, his investment would have ballooned to approximately $3.36 million.

Portfolio Pulse from Mehab Qureshi

October 02, 2023 | 12:04 pm

In September, over 2.3 billion Shiba Inu (CRYPTO: SHIB) tokens, valued at $17,173, were permanently removed from circulation, a decrease from August when 5.7 billion SHIB were burned. SHIB has seen a 3% increase in price, with trading volume surging to 50%, reaching $99 million. Two dormant cryptocurrency wallets received substantial withdrawals of SHIB tokens from exchanges Binance and MEXC. The renouncement process for the BONE (CRYPTO: BONE) token, the official token of Shibarium, is nearing completion.

Portfolio Pulse from Mehab Qureshi

October 02, 2023 | 6:50 am

Elon Musk, CEO of Tesla, tweeted 'Dogs rock', causing a surge in the value of Dogecoin, Shiba Inu, and Floki cryptocurrencies. The coins increased by 2.89%, 2.48%, and 5.12% respectively over a 24-hour period. Musk's tweet received over 3.2 million impressions in the last hour.

Portfolio Pulse from Mehab Qureshi

October 02, 2023 | 3:29 am

The past week saw significant developments in the cryptocurrency world, including a 1000% surge in the burn rate of Shiba Inu tokens, Robert Kiyosaki questioning Bitcoin's future following Citibank's blockchain technology announcement, two brothers becoming millionaires due to their investment in Shiba Inu, Ethereum co-founder Vitalik Buterin depositing 400 ETH into Coinbase amidst a market downturn, and Mark Yusko of Morgan Creek Capital Management expressing a bullish stance on Bitcoin's future.

Portfolio Pulse from Benzinga Neuro

October 01, 2023 | 1:02 am

Two brothers from New York became millionaires overnight after investing in Shiba Inu (CRYPTO: SHIB), a meme coin initially created as a joke. They initially invested $200 each and later added $100 each when the coin's value had already gained 300%. Their original stake of $7,900 was worth nearly $9 million as of May 14, 2021. However, if they held onto their SHIB today, they would be facing a significant loss of $5.49 million due to SHIB’s trading value dropping.

Portfolio Pulse from Mehab Qureshi

September 29, 2023 | 12:45 pm

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