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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 introduced its layer-2 solution, Shibarium, to address Ethereum's (CRYPTO: ETH) scalability issues. The solution aims to increase transaction capacity and reduce costs. If SHIB reaches $0.01, an investment of approximately $800 could potentially yield around $1.02 million. Currently, SHIB is trading at $0.00000789, down 4.19% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

August 22, 2023 | 11:17 am

Shiba Inu (CRYPTO: SHIB) saw an 850% surge in its burn rate within 24 hours, with over 1 billion SHIB tokens permanently removed from circulation. This coincided with the introduction of Shibarium, an Ethereum-based layer-2 blockchain, and SHIB becoming the most traded token among the top 100 Ethereum whales. Despite this, SHIB's price fell by 4.19% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

August 22, 2023 | 5:44 am

Crypto expert Credible Crypto has drawn parallels between Bitcoin's current market structure and its performance before its all-time high in November 2021, suggesting a potential bullish trajectory. The analyst believes that the primary objective in both scenarios is re-accumulation, given the identical technical contexts. He remains optimistic about Bitcoin reaching new all-time highs this year. However, if Bitcoin's price drops below $24.8k, the analyst suggests a re-evaluation of the market stance. Meanwhile, the overall cryptocurrency market has experienced a significant drop, with leading digital currencies such as Ethereum, Ripple, Solana, Dogecoin, and Shiba Inu seeing their values decrease.

Portfolio Pulse from Murtuza Merchant

August 21, 2023 | 6:00 pm

Crypto strategist Michaël van de Poppe suggests that the best time to invest in altcoins is eight to 10 months prior to the Bitcoin halving, a period known as 'Time Capitulation'. He highlighted that the Ethereum to Bitcoin pair reached its cycle low 252 days before Bitcoin's halving events. Despite current recession fears, van de Poppe remains optimistic about the strength of altcoins.

Portfolio Pulse from Murtuza Merchant

August 21, 2023 | 2:58 pm

Billy Markus, co-creator of Dogecoin, shared his views on cryptocurrency investments and his favorite coins. He expressed his preference for Bitcoin and Ethereum, and humorously described Dogecoin as 'just bitcoin in a dog suit'. Markus also mentioned his aversion to ERC-20 tokens. The broader crypto market has seen a sharp decline over the last few days, with major cryptocurrencies like Ripple, Solana, Dogecoin, and Shiba Inu trading down significantly.

Portfolio Pulse from Murtuza Merchant

August 21, 2023 | 12:51 pm

A TikTok user named Damien Soylash sold his Shiba Inu (CRYPTO: SHIB) tokens early and missed out on the opportunity to turn a $2,000 investment into $225 million. He bought 25 trillion SHIB tokens in January 2021 but sold them after a few weeks due to a price drop. SHIB, introduced in 2020 by an entity named Ryoshi, has been dubbed as a 'Dogecoin (CRYPTO: DOGE) Killer' due to its soaring value in 2021.

Portfolio Pulse from Mehab Qureshi

August 21, 2023 | 11:04 am

Bone ShibaSwap (CRYPTO: BONE) has surged 7% in the last 24 hours, outperforming other meme coins such as Shiba Inu (CRYPTO: SHIB), Dogecoin (CRYPTO: DOGE), and Pepe Coin (CRYPTO: PEPE) which have seen declines. The surge in BONE's price is attributed to an announcement by Shytoshi Kusama, the lead developer in the Shiba Inu ecosystem, about plans to transition the Shiba Inu Layer 2 blockchain network, Shibarium, into private mode.

Portfolio Pulse from Mehab Qureshi

August 21, 2023 | 6:10 am

The recent market downturn has led to significant declines in cryptocurrency market caps, sparking debate among traders and investors. Crypto analytics firm Santiment suggests that the average returns on altcoins are currently in a 'mathematically historic opportunity zone', indicating potential upside for investors. Despite the market turmoil, the number of substantial Bitcoin wallet holders hasn't declined, suggesting confidence among seasoned investors. The overall cryptocurrency market has experienced a significant drop, with Ripple, Solana, Dogecoin, and Shiba Inu seeing decreases of 13%, 11.3%, 15.6%, and 21% respectively in the past week.

Portfolio Pulse from Murtuza Merchant

August 20, 2023 | 1:32 pm

SpaceX has reportedly sold its entire Bitcoin holdings, resulting in a write-down of $373 million. Former President Donald Trump has been revealed to hold a significant amount of Ethereum, valued between $250,000 and $500,000. Crypto investor Anthony Pompliano remains bullish on Bitcoin, despite its current price being more than 50% below its all-time high. Cryptocurrency FLOKI has expressed its admiration for fellow meme coins, Dogecoin and Shiba Inu. A mysterious whale has transferred a massive amount of Shiba Inu tokens, equivalent to approximately $40.7 million.

Portfolio Pulse from Benzinga Neuro

August 20, 2023 | 2:00 am

Glassnode co-founders Jan Happel and Yann Allemann suggest that Bitcoin (BTC) could be nearing its bottom, with two possible short-term outcomes: a gradual decline to the $24.8k - $25k range or a swift, sharp drop countered by buying pressure. Crypto strategist Rekt Capital notes a shift in market dynamics and a lack of buy-side pressure, hinting at possible further declines. Major cryptocurrencies like Ripple (XRP), Solana (SOL), Dogecoin (DOGE), and Shiba Inu (SHIB) have seen significant losses over the last seven days.

Portfolio Pulse from Murtuza Merchant

August 19, 2023 | 6:12 pm

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