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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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Cryptocurrency markets are experiencing significant declines due to recession fears and geopolitical tensions. Bitcoin, Ethereum, and Dogecoin have seen substantial drops, with Bitcoin liquidations reaching $405 million in the past 24 hours. MicroStrategy's stock has plunged nearly 15% in pre-market trading. Analysts are divided on the future direction of Bitcoin, with some seeing potential for recovery and others predicting further declines.

Portfolio Pulse from Khyathi Dalal

August 05, 2024 | 8:16 pm

Crypto trader CryptoKaleo believes the 'memecoin supercycle' is still in play despite the recent crypto market crash. He predicts that as the dollar weakens, money will flow into equities, Bitcoin, and major blockchains, with retail investors gravitating towards meme coins. The meme coin market capitalization is currently $37 billion, down 13% in the past 24 hours. Despite recent corrections, meme coins like Dogecoin, Shiba Inu, and Pepe have shown significant long-term gains.

Portfolio Pulse from Khyathi Dalal

August 05, 2024 | 7:48 pm

Shiba Inu's lead developer, Shytoshi Kusama, supports the sentiment of not selling cryptocurrencies amid a market crash. Influencer Oscar Ramos also advises against selling, suggesting the downturn could be a buying opportunity. Major cryptocurrencies like Bitcoin and Ethereum have seen significant drops, mirroring stock market declines due to recession fears and geopolitical tensions.

Portfolio Pulse from Aniket Verma

August 05, 2024 | 3:21 am

Cryptocurrency markets are trading lower, with Bitcoin, Ethereum, and Dogecoin experiencing notable declines. Large transaction volumes have decreased, while daily active addresses have increased. Morgan Stanley is offering Bitcoin ETFs to select clients, and Alibaba and Nvidia stocks are being used as incentives for crypto trading by Hong Kong's Futu Securities.

Portfolio Pulse from Khyathi Dalal

August 02, 2024 | 8:17 pm

Crypto traders warn of significant downside for Bonk (CRYPTO: BONK), predicting a 60-70% drop from current levels. This could impact meme cryptocurrencies, with Bonk having recently outperformed Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).

Portfolio Pulse from Khyathi Dalal

August 02, 2024 | 2:16 pm

Shiba Inu (SHIB) celebrates its 4th anniversary, highlighting its growth and achievements since its launch in 2020. The coin has seen significant milestones and has a notable presence in the DeFi world and on exchanges.

Portfolio Pulse from Aniket Verma

August 02, 2024 | 10:03 am

Cryptocurrency markets are trading lower ahead of a significant crypto options expiry, with $2.9 billion in options set to expire. Bitcoin, Ethereum, and Dogecoin are among the cryptocurrencies experiencing declines. Notable statistics include a rise in large transaction volumes and daily active addresses, but a significant narrowing in exchange netflows. Additionally, a large number of traders were liquidated in the past 24 hours, with Bitcoin liquidations reaching the highest levels since July 25.

Portfolio Pulse from Khyathi Dalal

August 01, 2024 | 8:24 pm

Pepe (CRYPTO: PEPE) has experienced a significant price decline, leading to mixed predictions from prominent crypto traders. While some foresee a further drop, others see a buying opportunity. Despite the decline, a large portion of Pepe holders are still profitable. Pepe's trading volume remains the highest among meme coins.

Portfolio Pulse from Khyathi Dalal

August 01, 2024 | 3:50 pm

Shiba Inu (SHIB) has experienced a 5.52% price drop in the last 24 hours, continuing a week-long negative trend with a 4.0% loss. Trading volume has decreased by 45.0%, and the circulating supply has slightly decreased by 0.24%. SHIB's market cap is currently $9.13 billion, ranking it #15.

Portfolio Pulse from Benzinga Insights

August 01, 2024 | 3:03 pm

Shiba Inu (SHIB) celebrates its fourth birthday with a 936% spike in its burn rate, removing 8.1 million SHIB from circulation in the past 24 hours. The marketing lead emphasized long-term development amid market volatility.

Portfolio Pulse from Khyathi Dalal

August 01, 2024 | 12:09 pm

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