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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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A survey by ConsenSys and YouGov found that 43% of Americans consider investing in cryptocurrency, with 18% having already invested. Bitcoin, Ethereum, and Dogecoin are the top three crypto assets held by American investors. Shiba Inu is the sixth most popular. The majority of respondents believe cryptocurrencies should be heavily regulated.

Portfolio Pulse from Mehab Qureshi

September 05, 2023 | 7:35 am

Despite a significant outflow in the past seven weeks, with large institutional investors selling a total of $342 million in cryptocurrencies for the seventh consecutive week, Solana (CRYPTO: SOL) has managed to capture the attention and favor of large entities. CoinShares reported that institutional investors have been actively pouring money into Solana, with approximately $700,000 invested in the past week and year-to-date inflows reaching $26 million. Other altcoins like Polygon (CRYPTO: MATIC) and Ethereum (CRYPTO: ETH) saw outflows, while Bitcoin (CRYPTO: BTC) recorded slight inflows.

Portfolio Pulse from Mehab Qureshi

September 05, 2023 | 7:34 am

Shytoshi Kusama, the lead developer of Shiba Inu (CRYPTO: SHIB), confirmed the development of the Burn Portal for the Shibarium protocol. The burn portal is significant as it permanently removes cryptocurrency tokens from circulation, potentially leading to scarcity and an increase in value. Over 9.2 million SHIB tokens were burnt and permanently removed from circulation in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

September 05, 2023 | 3:35 am

Shibarium, the layer-2 blockchain network of Shiba Inu (CRYPTO: SHIB), has surpassed one million wallets two weeks after its launch. Despite a surge in network activity and user adoption, the total value locked on the Shibarium network is just $1.06 million. Blockchain data provider, IntoTheBlock, disclosed a 335% surge in large transactions valued at $100,000 or more, amounting to $29.24 million within the SHIB token ecosystem.

Portfolio Pulse from Mehab Qureshi

September 04, 2023 | 9:19 am

This week in cryptocurrency saw concerns about the future of crypto in the U.S. under President Joe Biden, potential of Dogecoin (CRYPTO: DOGE) skyrocketing due to Elon Musk's influence, and the possibility of backing a portion of U.S. government debt with cryptocurrency. Elon Musk's social media platform, X, has been granted licenses to provide cryptocurrency wallet services in several U.S. states, signaling a potential integration of Dogecoin or Shiba Inu (CRYPTO: SHIB).

Portfolio Pulse from Benzinga Neuro

September 03, 2023 | 1:00 am

Crypto analyst Nicholas Merten predicts a potential downturn in the altcoin market, with a possible $60 billion decline. He also highlighted Ethereum's unsuccessful attempts to breach the $2,000 mark and expressed reservations about the market's response to upcoming developments like ETH 2 and EIP-1559.

Portfolio Pulse from Murtuza Merchant

September 02, 2023 | 3:35 pm

Shiba Inu's (CRYPTO: SHIB) price has fallen 3.34% to $0.0000079 in the past 24 hours, continuing its negative trend over the past week with a 1.0% loss. The trading volume for the coin has decreased 18.0% over the past week, while the overall circulating supply of the coin has decreased 0.01% to over 589.33 trillion. The current market cap ranking for SHIB is #15 at $4.65 billion.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 3:00 pm

Hong Kong-based HashKey Capital, a subsidiary of HashKey Group, is set to launch a secondary crypto market fund focusing on emerging cryptocurrencies. The fund aims to surpass Bitcoin's performance and will not be heavily reliant on Bitcoin and Ethereum, which will constitute less than half of its investments. Instead, it plans to focus on altcoins such as Ripple, Dogecoin, and Shiba Inu. The company, which manages over $1 billion in assets, aims to accumulate $100 million for this fund within a year.

Portfolio Pulse from Murtuza Merchant

September 01, 2023 | 2:00 pm

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the approval of the nation's first Bitcoin-focused exchange-traded fund (ETF). The SEC's decision affects filings from major players like Invesco, Valkyrie, Fidelity, and WisdomTree. The SEC is also set to review an application from Bitwise and assess submissions from BlackRock and VanEck. This follows a recent court reversal of the SEC's dismissal of Grayscale Investments' bid to turn its Bitcoin trust into an ETF.

Portfolio Pulse from Murtuza Merchant

September 01, 2023 | 1:05 pm

A Shiba Inu (CRYPTO: SHIB) whale has transferred 4.64 trillion tokens, equivalent to approximately $38 million, following the revival of the project’s layer-2 scaling solution, Shibarium. The number of addresses using Shibarium has reached 447,076. Over 52 million SHIB tokens were burned within the last 24 hours, potentially impacting the ecosystem dynamics. SHIB was trading at $0.00000802, down 1% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

September 01, 2023 | 3:11 am

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