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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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The past week in the crypto sector saw significant developments including a SEC lawsuit against internet marketer Richard Heart, which led to a decline in major cryptocurrencies. X, formerly known as Twitter, is considering adding Bitcoin and Dogecoin trading. Dogecoin showed signs of a possible bull flag, while Shiba Inu unveiled a security enhancement. Florida Governor Ron DeSantis made a statement about the future of Bitcoin under his potential presidency.

Portfolio Pulse from Benzinga Neuro

August 06, 2023 | 1:19 am

Shiba Inu (CRYPTO: SHIB) and Bone Shiba Swap (CRYPTO: BONE) experienced significant gains over the weekend, with SHIB gaining about 20% and BONE rallying nearly 23%. The rally comes despite a risk-off mood in the broader financial market due to Fitch's downgrade of the U.S. sovereign rating. The sentiment towards these cryptos has improved ahead of the launch of Shiba Inu's blockchain project, Shibarium, which is expected to be more energy-efficient and faster than Ethereum (CRYPTO: ETH).

Portfolio Pulse from Shanthi Rexaline

August 05, 2023 | 5:02 pm

Bitcoin and Ethereum edged higher following the release of US jobs data. The US economy added 187,000 jobs in July, slightly below market estimates. XDC Network was the top gainer in the crypto market over the past 24 hours, while Conflux was the biggest loser. The global crypto market cap rose to $1.17 trillion, recording a 24-hour gain of 0.1%.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 3:29 pm

Cryptocurrency exchange Binance has approved Shiba Inu, Compound, and Theta as collateral assets, expanding its Flexible Loan and VIP Loan services. Binance has also incorporated NEM into its list of borrowable assets and announced that the XEM/USDT trading pair is now supported on its cross-margin trading platform. The exchange is considering adding the BONE token to its platform, dependent on the launch of the Shibarium mainnet.

Portfolio Pulse from Murtuza Merchant

August 04, 2023 | 3:23 pm

Shiba Inu (CRYPTO: SHIB) has outperformed Dogecoin (CRYPTO: DOGE) and Pepe Coin (CRYPTO: PEPE), rising by 3% in the last 24 hours. This follows an announcement by Shiba Inu's lead developer of plans to integrate Self-Sovereign Identity (SSI) into its protocols, enhancing network security and user control over digital identities. Meanwhile, DOGE and PEPE have dropped by 0.98% and 2.01% respectively.

Portfolio Pulse from Mehab Qureshi

August 04, 2023 | 2:50 pm

Shiba Inu (CRYPTO: SHIB) climbed almost 2% higher during Thursday's 24-hour trading session, outperforming Dogecoin (CRYPTO: DOGE), which struggled to trade flat. Shiba Inu was moving higher on lower-than-average volume, suggesting consolidation. The crypto was also forming an inside bar pattern, which usually indicates a period of consolidation followed by a continuation move in the direction of the current trend.

Portfolio Pulse from Melanie Schaffer

August 04, 2023 | 2:11 pm

Shiba Inu (CRYPTO: SHIB) plans to integrate Self-Sovereign Identity (SSI) into its protocols to enhance network security and give users more control over their digital identities. This is part of a broader mission to redefine finance, trust, and identity for the digital age. The SSI integration will be a key component of all future initiatives, including the upcoming Shibarium Layer 2 blockchain, which is expected to provide scalability, security, and more real-world use cases to the Ethereum ecosystem.

Portfolio Pulse from Murtuza Merchant

August 04, 2023 | 1:25 pm

Pepe Coin (PEPE) has seen a 6% increase in the last 24 hours, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB). A recent transaction involving a smart money investor who acquired 677 billion PEPE tokens has drawn attention to the coin. Data from Santiment shows that major PEPE token holders have capitalized on the recent price dip by increasing their holdings.

Portfolio Pulse from Mehab Qureshi

August 04, 2023 | 10:39 am

Shiba Inu's (CRYPTO: SHIB) price has decreased by 3.53% over the past 24 hours to $0.0000082, contrary to its performance over the past week where it has experienced an up-trend of 8.0%. The trading volume for the coin has risen 39.0% over the past week while the circulating supply has decreased 0.11% to 589.34 trillion. The current market cap ranking for SHIB is #15 at $4.86 billion.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:20 am

Bone ShibaSwap (BONE) token within the Shiba Inu (SHIB) ecosystem has outperformed Dogecoin (DOGE) and Pepe Coin (PEPE), rising by 4% in the last 24 hours. This surge comes after SHIB lead developer announced plans to bolster the operations of Shibarium, an upcoming Layer 2 blockchain, by minting the remaining supply of BONE tokens. BONE will serve as a “passport” to the future, as token holders will have the opportunity to obtain a share of rewards.

Portfolio Pulse from Mehab Qureshi

August 01, 2023 | 4:00 am

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