The Ultimate Rule for Crypto Profiteering.

People are social beings. Trading and investing is carried out by people (millions, if not tens of thousands). Our collective actions and thoughts is what creates the crypto economy and keeps it running. So it is reasonable to study people, before studying the projects they prefer.
In this space, you need a lot of information. Tons of information about what people are doing (great, small, old and new). Why rely solely on your own limited resources to remember the road to successful gains, or to orient yourself in this new territory, when you can rely on signs (in the form of signals, call outs,groups and community engagement) placed on the Internet and here on binance so effortfully by others.

If you are a new person, suggest you take your time before taking a key decision with investment. It takes time, so be patient and find information that will benefit you both in the long and short term.
Anytime you lose a cent in crypto because of impatience or lack of information, another guy behind a screen somewhere gains your cent because they were patient and consumed lots of information, which helped them to make better analysis.

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Between yesterday and today, I have thrown just a little over USD4 into $JASMY coin. I am bullish about this coin not just because of its recent spike in price action. There's a hundred reason why, but I want your opinions in the form of guesses as to why I have started accumulating this gem. Drop your thoughts in the comment section. #Write2Earn #TradeandTell

Shiba Inu (SHIB) Price Surge Predicted as Burn Rate Spikes 4,200%

Shiba Inu (SHIB) has been making waves in the crypto world, and its recent price performance in February 2024 has caught the attention of investors. Let’s delve into the key factors driving SHIB’s resilience and what the future holds.

The Burn Rate Surge
Despite the downturn faced by rival memecoins like DOGE and PEPE, SHIB has managed to defend the $0.00009 support level. One crucial factor contributing to this resilience is the surge in SHIB burn rate. Insights from the official Shibburn tracker reveal an astonishing 4205% increase in burn rate as of February 22, 2024.

The recent spike in SHIB burns is linked to the launch of SHEboshi, an ERC-404 token standard within the Shiba Inu ecosystem. SHEboshi facilitates the burning of SHIB, BONE, and LEASH tokens, among other features. The consistent burning of SHIB systematically reduces its circulating supply, which has positive implications for investors.
Why SHIB Burns Matter

On-Chain Activity: A dramatic burn rate signals intense on-chain activity within the network. Investors interpret this as a bullish sign.
Supply Reduction: Although the reduction in market supply is minimal, it improves investor sentiment in the short term. Approximately 86 million SHIB were destroyed in the last 24 hours, indicating community support for the Sheboshi project.

Price Forecast
While $SHIB faces resistance at the $0.000011 level, the $0.00001 resistance has weakened. If the SHEboshi hype generates positive momentum, we could see an upswing toward $0.000015 in the coming weeks. On the downside, the 20-day SMA price of $0.000095 provides strong support.
In summary, Shiba Inu’s surge in token burn rate reflects community engagement, but the disconnect between burn rate and price performance highlights the complexities of the crypto market.
Remember, investing in cryptocurrencies involves risks, and it’s essential to conduct thorough research before making any decisions. 🚀🔥🐕

The Shiba Inu (SHIB) ecosystem is taking a significant leap in 2024 with its token burn mechanism. Such a strategic move is aimed at reducing the circulating supply of $SHIB tokens, eventually making the supply of the tokens on exchanges scarce or limited, potentially enhancing its value and improving its price to the $0.001 mark. The shift towards automated burns is essential for developing the Shiba 🐶 Inu project.

In subsequent posts, we will reflect focusing on Shiba Inu’s burn mechanism and reflect a commitment to innovation and community-driven efforts to sustain the token’s relevance in the cryptocurrency market.

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#SHIB2024
$SHIB