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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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A study by Cryptogambling.tv using Google Trends data reveals that Bitcoin (BTC) and Ethereum (ETH) are the cryptocurrencies that Americans are most interested in selling. The study considered the 24 largest cryptocurrencies by market cap. The highest number of searches for 'sell bitcoin' occurred at the end of July, both in the U.S. and globally, due to the current financial and economic strain. Ethereum's highest 'sell' searches occurred in September worldwide. Ripple (XRP) and Dogecoin (DOGE) rank third and fourth respectively, while Shiba Inu (SHIB) rounds out the top five.

Portfolio Pulse from Murtuza Merchant

July 31, 2023 | 5:28 pm

BALD, a meme coin launched on Coinbase's Base Network, has seen a 30,000% growth in market capitalization within a day of its launch, outperforming Dogecoin and Shiba Inu. The coin, which lacks a website and social media presence, made its debut on Uniswap. The driving factor behind these projects is the narrative and how their tokens can evolve into meme coins, not necessarily their technology or fundamentals.

Portfolio Pulse from Mehab Qureshi

July 31, 2023 | 6:15 am

Shiba Inu (CRYPTO: SHIB) has seen a sharp spike, outperforming several of its bigger cryptocurrency counterparts. The rally is driven by the public testing of the Shibarium beta bridge, which is the bridge between the soon-to-be-launched Shiba Inu-based layer 2 blockchain Shibarium and Ethereum (CRYPTO: ETH). The volume rose about 332% to $261.89 million and market-cap rose 5.81% to $4.89 billion.

Portfolio Pulse from Shanthi Rexaline

July 29, 2023 | 2:05 pm

Shiba Inu's (CRYPTO: SHIB) price has risen 5.33% to $0.0000082 in the past 24 hours, continuing its positive trend over the past week with a 5.0% gain. The trading volume for the coin has decreased 3.0% over the past week, while the overall circulating supply of the coin has decreased 0.58% to over 589.34 trillion. The current market cap ranking for SHIB is #15 at $4.83 billion.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 3:00 pm

Shiba Inu (SHIB) is the largest non-stablecoin token holding among the top 100 Ethereum (ETH) whales, despite the majority of SHIB investors currently facing losses. Only stablecoins USD Coin (USDC) and Tether (USDT) surpass SHIB in terms of whale investments. Data reveals that only 13% of SHIB holders are in profit, while 81% are in a loss.

Portfolio Pulse from Mehab Qureshi

July 28, 2023 | 11:57 am

Pepe Coin (CRYPTO: PEPE), a meme-inspired cryptocurrency, has outperformed other popular meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) in terms of market capitalization in the last 24 hours. A notable whale transfer of PEPE tokens coincided with the positive price trend. The whale withdrew 2 trillion PEPE tokens from Binance, estimated to be worth around $3 million.

Portfolio Pulse from Mehab Qureshi

July 27, 2023 | 6:06 am

Dogecoin (CRYPTO: DOGE) surged over 7% in the past 24 hours, outperforming other popular tokens such as Shiba Inu (CRYPTO: SHIB) and Pepe Coin (CRYPTO: PEPE). The surge is attributed to Elon Musk's promotion of a new logo shared by a Dogecoin designer on Twitter. Musk also added the Dogecoin symbol to his Twitter bio, sparking speculation about his intentions regarding the digital asset. Dogecoin now holds the position of the seventh largest digital asset with a market capitalization of $11.2 billion.

Portfolio Pulse from Mehab Qureshi

July 26, 2023 | 3:42 am

Crypto analyst Crypto Tony predicts a bullish trend for Dogecoin (CRYPTO: DOGE), stating that a close above $0.075 on the daily timeframe could indicate an imminent 'meme coin pump'. Despite a market drop, Dogecoin was outperforming other meme cryptocurrencies like Shiba Inu (CRYPTO: SHIB) and Pepe Coin (CRYPTO: PEPE). Elon Musk's recent display of the Dogecoin symbol in his Twitter bio further solidifies his support for the digital currency.

Portfolio Pulse from Mehab Qureshi

July 25, 2023 | 11:12 am

Following Twitter's rebranding by Elon Musk, Dogecoin (CRYPTO: DOGE) experienced an 8% surge in value. Speculation has arisen about the potential integration of a native cryptocurrency wallet within the Twitter platform, which would align with Musk's vision of 'X, the everything app.' Twitter's CEO Linda Yaccarino follows the official Twitter accounts of cryptocurrencies like Shiba Inu (CRYPTO: SHIB) and Dogecoin.

Portfolio Pulse from Mehab Qureshi

July 25, 2023 | 8:10 am

Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) were trading mostly sideways during Wednesday’s 24-hour trading session. Shiba Inu has formed a symmetrical triangle pattern on the 24-hour chart, indicating that the bulls and bears are equally in control. The crypto is set to meet the apex of the formation on July 29 and traders can watch for the crypto to break up or down from the triangle on higher-than-average volume to indicate future direction.

Portfolio Pulse from Melanie Schaffer

July 19, 2023 | 4:32 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.