Streetbeat News

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.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Shiba Inu (CRYPTO: SHIB) saw a sharp spike early Saturday amid an increase in volume, staging an uneven recovery from its mid-June lows. The rally was accompanied by a spurt in volume, which is up roughly 35% over the past 24 hours. Shiba Inu and its sister tokens Bone ShibaSwap (CRYPTO: BONE) and Doge Killer (CRYPTO: LEASH) have not found much traction after the launch of Shibarium, an Ethereum layer 2 blockchain.

Portfolio Pulse from Shanthi Rexaline

September 23, 2023 | 5:00 pm

Shiba Inu's 'dummy token' Calcium (CAL) experienced a 330% surge in value within 11 hours of its launch, with trading volumes crossing $4M. CAL was introduced as part of a strategic plan by the Shiba Inu developers to relinquish ownership of the Bone (BONE) token contract. More than 50% of CAL’s supply was swiftly acquired by a bot shortly after its launch.

Portfolio Pulse from Mehab Qureshi

September 22, 2023 | 9:51 am

Shiba Inu (CRYPTO: SHIB) dropped over 2% on Thursday, in line with the general crypto sector and stock market, following a hawkish statement from the Federal Reserve. The crypto tested the lower trend line of a rising channel pattern as support, which is bullish in the short term but could be bearish later. Bullish traders may buy at the lower trend line and exit at the upper trend line, while bearish traders will watch for a downward break from the lower ascending trend line.

Portfolio Pulse from Melanie Schaffer

September 21, 2023 | 4:47 pm

CoinEx has resumed its deposits and withdrawals service after a $27 million hack earlier this month, which was later updated to nearly $70 million. The company is also updating deposit addresses for several assets, including Bitcoin, Ethereum, Litecoin, Bitcoin cash, Dogecoin, Shiba Inu, and Binance coin. CoinEx's User Asset Security Foundation has ensured to repay any monetary damages caused by the hacking event.

Portfolio Pulse from Khyathi Dalal

September 21, 2023 | 4:34 pm

Floki (CRYPTO: FLOKI) has seen a 96% increase since the start of the year, outperforming other meme coins like Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and Pepe Coin (CRYPTO: PEPE). Floki has been integrated into LaborX, a platform for crypto and Web 3 jobs, allowing over 120,000 users to pay and receive the Floki Inu coin. Floki also has a metaverse game, a DeFi platform, and a crypto educational platform.

Portfolio Pulse from Mehab Qureshi

September 21, 2023 | 1:21 pm

The burn rate of Shiba Inu (CRYPTO: SHIB) has increased by over 330% in the past 24 hours, resulting in the permanent removal of more than 131 million SHIB tokens from circulation. The Shiba Inu Layer-2 platform, Shibarium, has surpassed 1.2 million total wallet addresses and is close to reaching 3 million transactions. The price of SHIB has increased by 1.16% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

September 21, 2023 | 5:00 am

Dogelon Mars (CRYPTO: ELON) has surpassed Bitcoin (CRYPTO: BTC) as the most talked-about cryptocurrency, according to behavior analytics platform Santiment. The token saw a recent surge in network growth and a 1.7% price surge. However, it was a profitable investment for only 14% of investors. Bitcoin and FINSCHIA (FNSA) followed ELON in the discussion rate percentage increase.

Portfolio Pulse from Khyathi Dalal

September 20, 2023 | 11:15 pm

Shiba Inu (SHIB) has been engaging in token burning, a process of permanently removing a coin or token from circulation, to increase the value of the remaining tokens. This process was initiated when Ethereum co-founder Vitalik Buterin burned 90% of his SHIB holdings, causing a surge in Shiba Inu prices. The act of burning tokens can create a sense of scarcity, control inflation, and drive up demand. However, massive token burns alone may not significantly impact the price without continuous and substantial token purchases used for burning. At the time of writing, SHIB was trading at $0.000007382, up 1.34% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

September 20, 2023 | 10:50 am

Shiba Inu's burn rate has increased by over 350% in the last 24 hours, following the announcement of a major update to the BONE contract by SHIB developer Kaal Dhairya. The update led to the burning and permanent removal of 142 million SHIB coins from circulation. Market data shows an influx of large SHIB whales entering the market, with the inflow surpassing the outflow. At the time of writing, SHIB was trading at $0.00000743, up 0.56% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

September 16, 2023 | 10:34 am

The Shiba Inu (CRYPTO: SHIB) community believes that the token will eventually reach 1 cent, requiring a 134,598.28% increase from its current trading price. To earn $1 million when SHIB reaches $0.01, an investment of $745 in SHIB today would be necessary. Shiba Inu whales continue to accumulate SHIB tokens, with the net flow of tokens held by large holders surging by 275% over the past week.

Portfolio Pulse from Mehab Qureshi

September 15, 2023 | 1:29 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.