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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's (CRYPTO: SHIB) price rose 3.9% to $0.000010 in the past 24 hours, continuing its positive trend over the past week with a 15.0% gain. The trading volume has climbed 34.0% over the past week along with the circulating supply of the coin, which has increased 0.38% to 589.34 trillion. The current market cap ranking for SHIB is #15 at $6.05 billion.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 3:00 pm

Cryptocurrency analyst Ali Martinez has highlighted a positive correlation between meme cryptocurrencies Shiba Inu (SHIB) and Dogecoin (DOGE), suggesting their price movements are closely related. Data from IntoTheBlock shows a correlation coefficient of 0.74 between the two digital assets. Despite SHIB experiencing a 20% surge in the past week, DOGE has not yet shown a similar pattern.

Portfolio Pulse from Mehab Qureshi

August 11, 2023 | 12:23 pm

Shiba Inu (CRYPTO: SHIB) has seen a significant increase in its token burn rate, with over 79 million SHIB tokens burnt in the last 24 hours. This comes as investors anticipate the launch of Shibarium, a layer-2 solution. SHIB has outperformed other meme coins including Dogecoin (CRYPTO: DOGE) and Pepe coin (CRYPTO: PEPE) in terms of market capitalization. The accelerated burn rate of SHIB tokens has surged by more than 15% within the past 24 hours.

Portfolio Pulse from Mehab Qureshi

August 11, 2023 | 3:48 am

Bitcoin and Ethereum traded higher, with Bitcoin surpassing the $30,000 mark and Ethereum trading above $1,800. Aptos was the top gainer in the last 24 hours, while XDC Network was the biggest loser. The global crypto market cap rose to $1.19 trillion, a 24-hour gain of 1.4%.

Portfolio Pulse from Lisa Levin

August 09, 2023 | 1:49 pm

Shiba Inu (SHIB) surged by 7% in the last 24 hours, outperforming Dogecoin (DOGE), as the launch of Shibarium, a layer-2 solution, nears. The SHIB team confirmed its participation in the upcoming Blockchain Futurist Conference. The network operates by 'burning' SHIB tokens, reducing their supply and creating scarcity. In the last 24 hours, $55 million worth of SHIB tokens have been burned. A prominent investor has acquired $40 million worth of SHIB tokens.

Portfolio Pulse from Mehab Qureshi

August 09, 2023 | 7:07 am

Pepe Coin (CRYPTO: PEPE) has seen an 8% increase in the last 24 hours, outperforming meme-based cryptocurrencies like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). The daily trading volume of Pepe Coin has increased by over 140%, from $60 million to over $145 million. However, only 29% of all PEPE investors are currently in a profitable position, with 63% of all holders in a losing position.

Portfolio Pulse from Mehab Qureshi

August 09, 2023 | 3:41 am

Shiba Inu's (CRYPTO: SHIB) price has decreased by 3.41% over the past 24 hours to $0.0000090, contrary to its performance over the past week where it experienced an up-trend of 6.0%. The trading volume for the coin has risen 56.0% over the past week, while the circulating supply has decreased 0.03% to 589.34 trillion. The current market cap ranking for SHIB is #15 at $5.31 billion.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 3:00 pm

Bitcoin and Ethereum edged higher, trading above $29,000 and $1,800 respectively. Bitcoin Cash was the top gainer over the past 24 hours, while Shiba Inu was the biggest loser. The global crypto market cap fell to $1.16 trillion, recording a 24-hour decline of 0.1%.

Portfolio Pulse from Lisa Levin

August 07, 2023 | 1:37 pm

Over the weekend, several significant events occurred including a 26% drop in Nikola Corporation's shares following the departure of its CEO and a poor Q2 report, a 20% rally in the meme cryptocurrency Shiba Inu, and a drop in Apple Inc.'s market value below the $3 trillion mark due to concerns over its Q4 outlook and disappointing sales figures. Additionally, Bitcoin is predicted to potentially surge as long as the support level at $28,000 holds.

Portfolio Pulse from Benzinga Neuro

August 07, 2023 | 10:14 am

Shiba Inu's burn rate has surged over 145% with 92 million SHIB tokens being removed from circulation. This comes as Shiba Inu’s lead developer, Shytoshi Kusama, introduced the Self-Sovereign Identity (SSI) solution for the Shibarium Layer 2 platform. $10 worth of SHIB currently buys 1,066,098 tokens.

Portfolio Pulse from Mehab Qureshi

August 07, 2023 | 3:36 am

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