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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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Major indices faced a challenging week with the Dow, Nasdaq, and S&P experiencing declines. WTI crude hit a 10-month high due to Saudi Arabia and Russia's decision to extend production cuts, sparking inflation and interest rate concerns. Tesla is returning to the Detroit Auto Show, emphasizing its dominant position in the EV market. Goldman Sachs reduced its U.S. recession risk to 15%, citing strong economic fundamentals. Shiba Inu's Shibarium surpassed 1M wallets two weeks post-launch. Daniel Niles plans to short Apple stock due to potential threats from Huawei's new Mate60 Pro and China's expanding ban on foreign phones. Nikola Corp's semi truck's lithium-ion battery caught fire, marking the company's third such incident this year. Disney modified its lawsuit against Florida Governor Ron DeSantis, focusing solely on its "First Amendment" claim.

Portfolio Pulse from Michael Cohen

September 09, 2023 | 4:51 pm

Shytoshi Kusama, the lead developer of Shiba Inu (CRYPTO: SHIB), has highlighted the potential of their platform, Shibarium, in the intersection of virtual communities and real-world businesses. The Shiba Inu Ecosystem has been pushing this synergy, particularly since Shibarium's launch two weeks ago. The ecosystem has also ventured into the real business world with a partnership with Italian restaurant franchise Welly. Kusama envisions a transformative role for blockchain in the food industry.

Portfolio Pulse from Murtuza Merchant

September 08, 2023 | 6:58 pm

The cryptocurrency market is poised for a significant shift, according to analytics firm Glassnode. Bitcoin's stagnation around the $25,800 mark suggests a potential breakout. The market's ongoing search for direction might be due to the anticipation surrounding the approval of a Spot Bitcoin ETF. Major cryptocurrencies Ethereum, Shiba Inu, Dogecoin, and Polygon are trading nearly flat.

Portfolio Pulse from Murtuza Merchant

September 08, 2023 | 1:51 pm

Ethan Nguonly, a 22-year-old software engineer, lost approximately $80,000 due to margin investing in cryptocurrencies between November 2021 and June 2022. Despite having invested in Bitcoin and Ethereum, he decided to invest an additional $15,000 on margin, which resulted in significant losses when the cryptocurrency market took a downturn. Nguonly now advises others to only invest money they have and avoid speculative investments.

Portfolio Pulse from Mehab Qureshi

September 08, 2023 | 11:33 am

Meme cryptocurrency HarryPotterObamaInu (CRYPTO: INU) outperformed Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) following a controversial interview aired by former Fox News host Tucker Carlson with Larry Sinclair. Elon Musk, owner of Twitter, commented on the credibility of Sinclair's claims. HarryPotterObamaInu experienced a 7.18% increase in the last 24 hours, while Shiba Inu and Dogecoin saw gains of 0.40% and 0.45%, respectively. Investors are advised to exercise caution when dealing with meme coins like HarryPotterObamaInu, especially when trading volumes are low.

Portfolio Pulse from Mehab Qureshi

September 08, 2023 | 8:24 am

Shibburn, a Shiba Inu (CRYPTO: SHIB) data tracker, has clarified that the surge in SHIB's price in May 2021 was due to increasing demand, not Ethereum (CRYPTO: ETH) co-creator Vitalik Buterin's burn of $1.7 billion worth of SHIB tokens. The tokens were gifted to Buterin when SHIB was initially deployed. The price of SHIB has increased five times its initial value since May 6, 2021.

Portfolio Pulse from Mehab Qureshi

September 08, 2023 | 3:24 am

Shiba Inu (CRYPTO: SHIB) has unveiled its layer-2 solution, Shibarium, to address scalability concerns of Ethereum (CRYPTO: ETH). The goal is to reach a $1 value, which would require a market cap of $589.59 trillion, a highly improbable feat. SHIB would need to grow by 13.16 million percent to achieve this. Currently, SHIB is trading at $0.000007656, up 1.97% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

September 06, 2023 | 10:00 pm

Stake.com, a digital casino and sportsbook platform, recently faced a security breach leading to an estimated loss of $40 million. The incident has amplified calls for stricter digital safeguards in the crypto community. Other recent breaches include Singapore-based crypto exchange Bitrue's loss of $23 million and payment processor Alphapo's loss exceeding $60 million. Experts emphasize the importance of robust security infrastructure, multifactor authentication, and the use of cold storage.

Portfolio Pulse from Murtuza Merchant

September 06, 2023 | 7:21 pm

Shiba Inu (CRYPTO: SHIB) has been trading mostly flat, showing strength compared to the general market. The cryptocurrency has settled into a falling channel pattern, indicating a bearish short-term trend but potential bullishness in the future. Shiba Inu has resistance above at $0.00000793 and at $0.00000856 and support below at $0.00000738 and at $0.00000694.

Portfolio Pulse from Melanie Schaffer

September 06, 2023 | 6:26 pm

Shiba Inu (CRYPTO: SHIB) has seen a 3% surge in the last 24 hours, outperforming other notable cryptocurrencies such as Dogecoin (CRYPTO: DOGE), Pepe Coin (CRYPTO: PEPE), and Floki (CRYPTO: FLOKI). Large holders of Shiba Inu have acquired over $100 million worth of SHIB tokens in the past week. The SHIB burn rate has increased by 730% in the last 24 hours, with 77 million SHIB tokens removed from circulation. The Shiba Inu layer-2 network Shibarium has crossed the one million active wallets mark.

Portfolio Pulse from Mehab Qureshi

September 06, 2023 | 5:48 am

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