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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 (CRYPTO: SHIB) has seen a 65% increase in its burn rate, with over 61 million of its tokens burned in the last 24 hours. This comes as Shiba Inu whales continue to accumulate SHIB tokens, indicating their growing interest in the digital asset at its current price. The net flow of tokens held by large holders has surged by 275% over the past week. Shiba Inu’s Shibarium announced a new partnership with the Italy-based fast food franchise, Welly.

Portfolio Pulse from Mehab Qureshi

September 14, 2023 | 7:44 am

Pepe Coin (PEPE) has outperformed Dogecoin (DOGE) and Shiba Inu (SHIB) in the past 24 hours, with a growth of 2.01%. The surge in PEPE's value is attributed to the positive market sentiment following the release of inflation Consumer Price Index (CPI) data. However, Pepe Coin faced challenges recently, including a potential 'rug pull scam' and a hack of its accredited Telegram channel.

Portfolio Pulse from Mehab Qureshi

September 14, 2023 | 5:23 am

Shiba Inu (CRYPTO: SHIB) has been outperforming Dogecoin but is potentially entering a bear flag pattern, indicating a possible downward trend. The crypto has been making a series of lower highs and lower lows, with resistance above at $0.00000738 and $0.00000774 and support below at $0.00000694 and $0.000006. The bear flag pattern would be negated if Shiba Inu regains the eight-day exponential moving average and the relative strength index rises.

Portfolio Pulse from Melanie Schaffer

September 13, 2023 | 7:48 pm

Shiba Inu's Shibarium has partnered with Italy-based fast food franchise Welly to enhance the dining experience using blockchain technology. The venture has the backing of the SHIB community and the Shibarium blockchain, which will oversee the restaurant's operations, customer loyalty programs, and food-based incentives. Plans are already in motion to expand the Welly franchise both within Italy and globally.

Portfolio Pulse from Murtuza Merchant

September 13, 2023 | 5:49 pm

Shiba Inu's (CRYPTO: SHIB) market capitalization would reach $589.3 trillion if the price per token hits $1, exceeding Apple Inc.'s (NASDAQ: AAPL) market cap by 213 times. The Shiba Inu community is addressing the supply challenge through a token 'burning' process. Meanwhile, the locked value on Shibarium is currently $742,000, compared to the total locked value across various blockchains in the crypto ecosystem of approximately $37.51 billion.

Portfolio Pulse from Mehab Qureshi

September 13, 2023 | 11:13 am

Meme cryptocurrency HarryPotterObamaSonic10Inu has seen a 28% increase in value over the past 24 hours, outperforming Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), which have seen marginal declines. The rise comes after a controversial interview aired by former Fox News host Tucker Carlson. CoinMarketCap data shows a significant increase in the trading volume of HarryPotterObamaSonic10Inu, reaching $4.10 million within a 24-hour period.

Portfolio Pulse from Mehab Qureshi

September 11, 2023 | 9:06 am

Shiba Inu (CRYPTO: SHIB) experienced a 330% surge in burn rate following the resolution of a glitch in the Shibarium layer-2 Ethereum (CRYPTO: ETH) Network. A total of 181 million SHIB tokens have been burned, permanently removing them from circulation. However, the locked value on Shibarium is only $742,000, compared to the total locked value across various blockchains in the crypto ecosystem of approximately $37.51 billion.

Portfolio Pulse from Mehab Qureshi

September 11, 2023 | 8:00 am

The cryptocurrency market is experiencing a downturn, with 83% of Shiba Inu (CRYPTO: SHIB) investors and a significant portion of other cryptocurrency investors facing losses. Only 11% and 10% of traders who hold Shiba Inu and Floki (CRYPTO: FLOKI) are in profit, while only 14% and 19% of Dogelon Mars (CRYPTO: ELON) and Doge Killer (CRYPTO: LEASH) holders are seeing profits. The holders of Dogecoin (CRYPTO: DOGE) and Pepe (CRYPTO: PEPE) are in a better position, with 42% and 21% of their investors in profit, respectively.

Portfolio Pulse from Bibhu Pattnaik

September 10, 2023 | 8:21 pm

Cryptocurrency expert Benjamin Cowen predicts that Bitcoin may experience another dip before its next significant bull market. The timing of this potential low could lead to a double bottom, a lower low, or a higher low. This prediction comes ahead of Benzinga's Future of Digital Assets conference. Major cryptocurrencies including Bitcoin, Ethereum, Shiba Inu, Dogecoin, Toncoin and Stellar are trading with minor losses.

Portfolio Pulse from Murtuza Merchant

September 10, 2023 | 4:14 pm

The past weekend saw significant developments in the cryptocurrency world, including the development of a 'burn portal' for Shiba Inu, a potential breakout for Bitcoin, and Elon Musk's ambitious plan for Dogecoin. A crypto analyst also projected a 170% upside for Dogecoin by 2024, while concerns were raised about a potential collapse of the crypto market.

Portfolio Pulse from Benzinga Neuro

September 10, 2023 | 12:00 am

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