The Shibburn data tracking platform has revealed that the SHIB community has succeeded in removing SHIB meme coins from circulation. However, there is nuance with this massive burn that does not make it look that good.

This coincided with the large SHIB price drop by roughly 10%.

131.2 million SHIB burned in past week

The recently published tweet revealed that over the past seven days, the SHIB community has transferred 131,204,000 SHIB to a dead-end wallet. Still, the weekly burn rate has plunged by 67.29%.

As for daily SHIB burns, things look more optimistic here in terms of the burn rate reading: +69.28%. However, the amount of burned Shiba Inu meme coins is 21.8x smaller and comprises 6,181,175 meme coins. It was achieved thanks to eight burn transactions. The largest ones burned 2,874,467; 1,701,750; 1,463,776 and 1,000,000 SHIB.

HOURLY SHIB UPDATE$SHIB Price: $0.00002419 (1hr -0.04% ▼ | 24hr -5.81% ▼ )Market Cap: $14,262,405,400 (-5.87% ▼)Total Supply: 589,257,176,554,960TOKENS BURNTPast 24Hrs: 6,181,175 (69.28% ▲)Past 7 Days: 131,204,000 (-67.29% ▼)

— Shibburn (@shibburn) December 19, 2024

According to Shibburn, by now, a total of 410,742,824,445,039 SHIB have been transferred to unspendable wallets, while 584,120,275,779,942 SHIB keep circulating on the cryptocurrency market.

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650 SHIB sold by early whale

As reported by U.Today earlier, an early cryptocurrency whale, who purchased more than 15 trillion Shiba Inu four years ago, sold two massive batches of Shiba Inu, which together comprise 650 billion SHIB.

The bigger transaction, carrying 400 billion SHIB, was tracked by @spotonchain. The funds were sent to Gemini, the crypto exchange founded by the Winklevoss twins, Tyler and Cameron, based in the U.S. The 400 billion SHIB is valued at $9.69 million.

The second transaction was reported by the @lookonchain account as the same early SHIB investor transferred 250 billion SHIB. The destination was not mentioned. After buying 15.2 trillion Shiba Inu and the recent sales, this whale now holds roughly two trillion SHIB worth $48.54 million in fiat.

SHIB market performance

Over the last day, the second largest canine-themed cryptocurrency has stopped by approximately 10%, losing the $0.00002617 level and landing at $0.00002338. By now, SHIB has recovered by 4.27% and is trading at $0.00002440.

Not only SHIB but the whole cryptocurrency market followed the brief plunge of the world’s pioneer cryptocurrency, Bitcoin, as it crashed below $100,000 as the Fed Chair Jerome Powell announced that the upcoming interest rate cut would constitute only 25 basis points rather than 100 basis points, as was expected by the global crypto community.

Introduction
USUAL Coin has emerged as a promising decentralized stablecoin aimed at redefining cryptocurrency with a focus on real-world asset backing. Since its launch, the token has gained attention due to its utility and market performance. Here’s a detailed look at USUAL Coin’s potential, with predictions, earnings, and insights from experts.

Current Status
• Current Price: $0.8893 (as of December 2024).
• Market Cap: $440.37M.
• Circulating Supply: 494.80M USUAL out of a maximum supply of 4.00B.
• Recent Performance: A price increase of +18.73% in 24 hours and +43.36% over the past week, showing strong short-term momentum  .

Key Features of USUAL Coin
1. Utility: Designed as a decentralized stablecoin linked to tokenized real-world assets, USUAL Coin offers stability in an otherwise volatile market.
2. Decentralization: Governance is distributed via the USUAL token, making it more resistant to centralized control.
3. Market Demand: The coin’s use in decentralized finance (DeFi) applications and stablecoin ecosystems could drive its adoption further.

Predictions and Expert Opinions

Short-Term Predictions (2024)
• Price Range: $0.525 to $1.06, with an average price of $0.89, according to technical analysis .
• Alternative Analysis: A more conservative estimate predicts prices between $0.1484 and $0.3244, averaging $0.2515 .

Expert Take:
• Jake Simmons (Crypto Analyst): “USUAL Coin’s volatility makes it attractive to traders, but long-term investors should wait for stability in its use case and adoption.”
• Elena Parker (Blockchain Strategist): “Its real-world asset backing could make it a preferred choice for those seeking stable returns, especially in the DeFi ecosystem.”

Long-Term Predictions (2025-2030)
• 2025: Expected to reach between $0.7538 and $1.28, with an average price of $0.979, reflecting a 11% ROI .
• 2030: Projections range from $1.45 to $1.78, with an average price of $1.52, indicating a 73% increase from current levels  .

Expert Take:
• Daniel Lee (Crypto Investment Advisor): “USUAL has the potential for steady growth, particularly if it maintains its focus on asset-backed stability. However, the lack of widespread adoption could slow its trajectory.”
• Sarah Grant (Economist): “By 2030, USUAL could benefit from increased institutional interest in stablecoins, especially those tied to real-world assets.”

Investment Potential

Opportunities:
1. Short-Term Gains: The recent rally indicates trading opportunities for speculative investors.
2. Passive Income: If USUAL introduces staking or liquidity rewards, it could generate steady returns.
3. Long-Term Growth: Backing by tokenized assets and integration into the DeFi ecosystem make it a solid long-term hold.

Risks:
1. Market Volatility: While short-term gains are appealing, sharp corrections are common in the crypto space.
2. Regulatory Uncertainty: As a stablecoin, USUAL may face scrutiny, particularly in regions with strict cryptocurrency laws.
3. Competition: Competing with established stablecoins like USDT, USDC, and DAI might pose challenges.

Conclusion

USUAL Coin presents an intriguing mix of short-term trading opportunities and long-term potential. Its focus on real-world asset backing could differentiate it from other cryptocurrencies, but its price trajectory remains uncertain. Expert predictions suggest a bullish outlook if adoption grows, though investors must weigh risks carefully.

Final Tip: Consider diversifying your crypto portfolio and setting stop-losses if you’re trading in the short term. For long-term investors, regular updates on partnerships and ecosystem developments are crucial.

For detailed updates on USUAL Coin, check:
• Gate.io Analysis of USUAL
• Bittime’s Predictions
• Binance Reports

(Note: This is not financial advice. Always conduct thorough research before investing.)
$USUAL
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