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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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Crypto analyst Benjamin Cowen predicts a potential decline for Bitcoin (BTC) and Ethereum (ETH) in September, based on historical data and patterns. He suggests Bitcoin could drop to $23,000, with an average return for September historically being a negative 7.0%. Ethereum, often seen as an indicator for Bitcoin, has shown signs of weakness. Despite this, other cryptocurrencies like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) may remain unaffected.

Portfolio Pulse from Murtuza Merchant

August 31, 2023 | 5:07 pm

Shiba Inu's layer-two protocol, Shibarium, is fully operational again after a glitch during the beta version launch. The number of addresses on Shibarium has increased from 100,000 on August 24 to over 584,969 total transactions. The burn rate for Shiba Inu tokens has surged by over 110% in the past 24 hours, resulting in the permanent removal of 86 million SHIB from circulation. With SHIB currently trading at $0.0000082, $8.15 worth of SHIB can potentially turn an investor into a Shiba Inu millionaire with 1,000,000 SHIB coins.

Portfolio Pulse from Mehab Qureshi

August 31, 2023 | 7:50 am

Republican Presidential candidate Vivek Ramaswamy has expressed his support for Bitcoin following Grayscale's court victory over the SEC. The court ruled the SEC's denial of Grayscale's ETF as 'arbitrary and capricious'. Ramaswamy has been actively praising Bitcoin during his campaign and accepts donations in Bitcoin, Dogecoin, Shiba Inu and other altcoins.

Portfolio Pulse from Mehab Qureshi

August 31, 2023 | 3:48 am

BabyDoge, a meme cryptocurrency, has seen a 4% increase in the last 24 hours, outperforming Dogecoin and Shiba Inu. The increase in BabyDoge's value is attributed to the upcoming launch of a secret AI project by its developers. Meanwhile, Dogecoin and Shiba Inu experienced a slight downturn of 0.50% and 1.95%, respectively.

Portfolio Pulse from Mehab Qureshi

August 31, 2023 | 3:17 am

Elon Musk's X, formerly known as Twitter, secured the Rhode Island Currency Transmission License, sparking a rally in meme coins, particularly Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and Pepe Coin (CRYPTO: PEPE). Speculation is increasing about Musk's X potentially integrating Dogecoin as a payment method. Crypto analyst Michael Van de Poppe predicts significant movements for DOGE if Musk announces plans to integrate it into X. He also suggests that if DOGE breaks $0.08 to 0.09, it could skyrocket to $0.20, a 150% increase.

Portfolio Pulse from Mehab Qureshi

August 30, 2023 | 11:00 am

Floki (CRYPTO: FLOKI) has outperformed Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) with a 6% increase in value over the past 24 hours. This comes as X (formerly known as Twitter) obtained a Rhode Island Currency Transmitter License, allowing it to store, transfer, and exchange digital assets. This aligns with X's broader strategy to offer transfer services across all 50 states.

Portfolio Pulse from Mehab Qureshi

August 30, 2023 | 3:35 am

Elon Musk's social media platform X, formerly known as Twitter, has been granted a license to provide cryptocurrency wallet services within Rhode Island. The firm plans to offer transfer services across all 50 U.S. states and is awaiting additional approvals. This move is expected to introduce cryptocurrencies to a broader user base. Dogecoin (CRYPTO: DOGE) or Shiba Inu (CRYPTO: SHIB) will likely be integrated into X's cryptocurrency wallet strategy.

Portfolio Pulse from Murtuza Merchant

August 29, 2023 | 4:49 pm

Shiba Inu (CRYPTO: SHIB) is trading higher by roughly 3.1% following a report suggesting the U.S. federal appeals court ruled the SEC was wrong to reject Grayscale's spot bitcoin ETF application. The positive regulatory news could increase interest in cryptocurrencies as a whole and shape the perception that regulators are becoming more open to cryptocurrency-related investment products.

Portfolio Pulse from Henry Khederian

August 29, 2023 | 3:42 pm

Dogelon Mars (ELON) experienced a 14% surge within the past 24 hours, outperforming other meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE). The surge was primarily driven by activity on the Poloniex cryptocurrency exchange and a whale's purchase of nearly one trillion ELON tokens for 78 ETH (approximately $125,000).

Portfolio Pulse from Mehab Qureshi

August 29, 2023 | 6:08 am

Shiba Inu (CRYPTO: SHIB) saw a 3% increase in the past 24 hours as the token withdrawals from the Shibarium bridge became operational. Dogecoin (CRYPTO: DOGE) observed a 0.88% increase, while Floki (CRYPTO: FLOKI) saw a 2% decline. A significant amount of 106 million SHIB tokens were burned and permanently removed from circulation.

Portfolio Pulse from Mehab Qureshi

August 29, 2023 | 4:05 am

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