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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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Shibarium, a platform under the Shiba Inu (CRYPTO: SHIB) umbrella, has announced that token withdrawals from its bridge are now operational after initial software glitches. The platform has over 65,000 wallets and 350,000 transactions to date. The Shibarium team thanked the Polygon (CRYPTO: MATIC) team for their support during the initial issues. Withdrawals for Shib, Leash (CRYPTO: LEASH), and Weth (CRYPTO: WETH) are expected to take between 45 minutes to three hours, while Bone (CRYPTO: BONE) withdrawals might require up to seven days.

Portfolio Pulse from Murtuza Merchant

August 28, 2023 | 2:54 pm

Cryptocurrency analyst Altcoin Sherpa has warned about potential vulnerabilities in Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE). The analyst suggests that if Dogecoin loses its immediate support level, a significant downward correction could occur. Similarly, Shiba Inu is said to be in a bearish pattern, setting macro lower highs and lower lows.

Portfolio Pulse from Bibhu Pattnaik

August 27, 2023 | 12:52 pm

Last week, the Dow Jones Industrial Average declined by 0.45%, while the S&P 500 index rose by 0.8% and the Nasdaq Composite surged by 2.3%. Federal Reserve Chairman Jerome Powell's remarks about stronger economic growth and inflation control boosted stocks. Ark Invest Founder Cathie Wood predicted Bitcoin's rise to $1 million within the next five to seven years. Nvidia's Q2 results were highlighted as a significant moment for the tech sector. TikToker Damien Soylash missed out on turning a $2,000 investment in Shiba Inu into $225 million by selling early. The People’s Bank of China's decision to cut its 1-year loan prime rate by 10 basis points led to a drop in the Hong Kong's Hang Seng Index. Concerns were raised about Tesla's potential configurator price cuts, which could lead to a 35% reduction in the company's 2023 earnings. The Trump Media & Technology Group and Digital World Acquisition Corporation merger is at risk of liquidation if a Sept. 5 shareholder vote doesn't approve an extension.

Portfolio Pulse from Michael Cohen

August 26, 2023 | 3:02 pm

Bone ShibaSwap (CRYPTO: BONE) recorded a 12% increase, defying the overall cryptocurrency market trends. Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) experienced a decline of over 2%. BONE's trading volume surged by more than 90% in the last 24 hours, to $23 million. The burning mechanism of SHIB token contributes to its scarcity, driving its value. New BONE tokens are still being introduced into circulation through a smart contract, which remains under the control of the ShibaSwap team.

Portfolio Pulse from Mehab Qureshi

August 25, 2023 | 4:26 am

Former professional football player Antonio Brown declared Shiba Inu (CRYPTO: SHIB) as the next Dogecoin (CRYPTO: DOGE) on May 13, 2021, when SHIB was trading at $0.000019 per coin. Currently, SHIB is trading at $0.000008325. If an investor puts $100 in SHIB today and it reaches the levels when Brown first made his statement, the profit would be $128.23 (128.23%), making the total exit value amount to $228.23.

Portfolio Pulse from Mehab Qureshi

August 24, 2023 | 12:14 pm

Meme coins Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and Floki (CRYPTO: FLOKI) saw an uptick of over 2% on Thursday, countering the downward trend experienced in the past seven days. This increase followed a tweet from Elon Musk stating that X (formerly Twitter) is a 'dog & Doge friendly place'. Musk's association with Dogecoin has significantly raised the profile of the meme coin.

Portfolio Pulse from Mehab Qureshi

August 24, 2023 | 6:04 am

Shiba Inu (CRYPTO: SHIB) has fallen 13.5% over the past week due to overall market weakness following weak economic data from China and potential downgrades in the banking sector. However, it has regained some ground following an announcement by Shibarium, Shiba Inu’s Layer-2 network, about the upcoming relaunch of its improved network.

Portfolio Pulse from Henry Khederian

August 23, 2023 | 11:16 pm

Shiba Inu's (CRYPTO: SHIB) price has increased by 5.4% over the past 24 hours to $0.0000083, despite a 14.0% loss over the past week. The trading volume for the coin has decreased by 53.0% over the past week, and the circulating supply has fallen by 0.25% to 589.33 trillion. The current market cap ranking for SHIB is #15 at $4.87 billion.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 3:00 pm

Backstreet Boys member Nick Carter expressed interest in the cryptocurrency Shiba Inu (CRYPTO: SHIB) in April 2021. If an investment of $100 was made in SHIB today and it reached the levels when Carter expressed his support on May 8, 2021, it would yield a profit of $70.82, representing a return of 70.82%. The total exit amount would be $170.82. Currently, SHIB is trading at $0.000008196.

Portfolio Pulse from Mehab Qureshi

August 23, 2023 | 11:32 am

Shiba Inu (CRYPTO: SHIB) has seen a 4% increase in the past 24 hours, outperforming Dogecoin (CRYPTO: DOGE) and Floki (CRYPTO: FLOKI). This comes after Shibarium, Shiba Inu’s Layer-2 network, announced its impending relaunch with enhanced features. Shibarium, supported by SHIB tokens, aims to establish its position in the blockchain industry with a focus on metaverse and gaming applications.

Portfolio Pulse from Mehab Qureshi

August 23, 2023 | 6:51 am

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