As the Shiba Inu team commences the highly-anticipated Shibarium-powered burns, the value of SHIB could spike tremendously, hitting the coveted price of $0.01. 
Read more on: https://thecryptobasic.com/2023/12/09/as-team-starts-shibarium-powered-burns-shib-could-hit-0-01/
#SHIBFuture #SHIBAStrong #shibaburn #SHIBSurge #CryptoNews🔒📰🚫

The Shiba Inu digital currency has been gaining prominence in the realm of digital assets, attracting interest from both investors and traders. In the most recent update, the price of Shiba Inu has undergone a slight increase of 1.91% within the last 24 hours. It reached $0.000009799. Additionally, the meme coin has witnessed a substantial surge of 19.08% over the past week. This is further coupled with a monthly rise of 17.38%. This positive trend has propelled SHIB ahead of established cryptocurrencies in the global rankings by market capitalization.The recent upward movement in Shiba Inu’s price marks a noteworthy achievement for the dynamic SHIB community. It signifies a growing interest in the token. Investors and cryptocurrency enthusiasts worldwide are closely monitoring Shiba Inu as the community diligently works to enhance the cryptocurrency. This further hints at a potential bullish period soon. Here are our price predictions for Shiba Inu throughout December.Shiba Inu in December 2023Experts in the field of cryptocurrency are closely analyzing market trends and giving their price predictions for Shiba Inu. They foresee an average rate of $0.00000977 in December 2023. The expected price range for SHIB in December varies from a minimum of $0.00000880 to a maximum of $0.0000107. These predictions are based on the historical performance of the token at the beginning of the year.Mid-December VolatilityAs per insights provided by Changelly, SHIB is anticipated to undergo a period of volatility in mid-December. Specifically, on December 13, the meme coin is predicted to experience a 6% surge, presenting a potential opportunity for investors. However, caution is advised, as the asset is expected to encounter a decline ranging from 7% to 11% on both December 15 and 16. Throughout this period, Shiba Inu is projected to trade at $0.000009315, posing challenges and opportunities for traders navigating the market.Factors Influencing Shiba Inu’s PriceNumerous factors contribute to the volatility and predictions surrounding SHIB’s price. Market sentiment, regulatory developments, and the overall performance of the cryptocurrency market can impact Shiba Inu’s valuation. Additionally, the efforts of the community to promote and enhance the token’s utility play a pivotal role in shaping its price trajectory.As Shiba Inu continues to attract the attention of the cryptocurrency community, mid-December emerges as a critical period for the meme coin. With the anticipated surge on Dec. 13 and subsequent corrections, investors are advised to remain vigilant and adjust their strategies to adapt to evolving market conditions.While price predictions provide valuable insights, it is crucial to approach cryptocurrency investments with a comprehensive understanding of associated risks and market dynamics. As a best practice, investors should conduct thorough research and seek advice from financial experts before making any decisions in the volatile world of cryptocurrencies.#SHIBFuture #SHIBSurge

The Shiba Inu development team has yet again demonstrated its commitment to ensuring that the SHIB burn project is sustained as the SHIB price recently deleted a zero to trade above $0.00001.
Lucie, the Shiba Inu ecosystem marketing specialist, recently took to X to unveil the first SHIB burn for 2024.
Lucie’s tweet revealed that a whopping 9,351,444,446 (9.351 billion) SHIB was incinerated via a single transaction that ensued on January 09, 2024, at 8:29:35 PM (+UTC).
Shiba Inu’s latest burn escapades is the ecosystem’s fifth SHIB burn initiative from gas fees on Shibarium, the layer-2 network scaling solution.
Details of the Whooping Shiba Inu (SHIB) Burn 

Aside from being the Shiba Inu (SHIB) fifth burn project, data from Etherscan has revealed that the incinerated 9.351 billion SHIB tokens cost approximately $93,075.43 at the time of reporting. 
In comparison with previous incinerations, Shiba Inu’s latest burn remains the largest pending when it pulls off another coins-burning project greater than 9.351B.
Shiba Inu’s first incineration initiative, which took place in early December, removed about 8.24 billion SHIB coins circulation. These tokens were worth about $75,412 based on the token’s price standings as of then. 
The second, third, and fourth SHIB burn removed approximately 8 billion tokens each from the circulating supply. Intriguingly, aside from its latest burn adventure, which occurred in January, others happened in December 2023.
43 Billion SHIB Burned Within A Month
Evaluating the statistics from the five different burn projects described above, one could deduce that the gas fees obtained from the Shibarium have succeeded in eternally eliminating about 43 billion SHIB tokens within nearly a month interval. 
The above calculations certainly explain how the Layer-2 scaling solution could become one of the Shiba Inu ecosystem’s most reliable technologies to help reduce SHIB’s massive supply pool. 
Meanwhile, Shiba Inu, through its official X handle, also revealed its total expenditures for the five tokens incinerating projects. 
According to one of its latest tweets, the meme coin platform’s X handle disclosed that Shiba Inu has spent approximately 200 ETH worth $516,000 at current prices.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaBurns #SHIBSurge $SHIB

As of December 25, 2023, an unprecedented movement occurred within the Shiba Inu (SHIB) ecosystem, witnessing a withdrawal of 4.25 trillion SHIB tokens from various exchanges. This significant amount constitutes nearly 1% of the total SHIB value currently in circulation. Remarkably, during this period, the burn rates experienced an astronomical surge, reaching an increase of up to 5175% compared to their regular volumes.
Elevated Whale Activity in Shiba Inu The recent surge in whale activity over the past few days far surpassed their usual engagements. An approximate amount of 4.25 trillion SHIB, equivalent to $42.5 million, was mobilized.
It's worth highlighting that Shiba Inu has garnered favor among several Ethereum whales, prompting substantial movements of their funds between addresses. These transactions, crucially, necessitate on-chain recording and consequently incur gas fees. Notably, the tokens utilized for burns in Shiba Inu originate from these gas fees.
Consequently, large-scale transactions incur substantial gas fees, consequently leading to elevated burn rates.
Unprecedented Surge in Burn Activity by 5175% In the 24-hour window preceding this report, the SHIB burn rates skyrocketed. The graph displays a staggering surge, around 51.7 times higher than its previous values. The total tokens burned amounted to 54 million SHIB.
The two transactions, alone accounting for 25 million and 20 million SHIB tokens (a combined 45 million SHIB), were conducted from the following addresses:
0xc34b1afac96fbdb26d522a90bddfb730e1bb6e01e2ade0f201408b120ada1478 0xea63f95225250f7099c8cd145ebd89bed958d4d303fd48d5d6bf621e6d57f378
In the preceding weeks, specifically during the first and second week of December 2023, the Shibarium network observed a surge in total transactions, escalating from 60 million to 150 million.
Within the last 30 hours, over 47 substantial transactions were recorded. Below is a snapshot showcasing some recent transactions.
Ongoing Substantial Burn Transactions in Shiba Inu as of December 25, 2023
Continued Burn Activity by SHIB Team Results in the Burn of 33.6 Billion Lucy, Shiba Inu's marketing manager, disclosed via Twitter the extensive burn campaign that resulted in the incineration of $90,857 worth of SHIB tokens. To date, four burn schedules have effectively eradicated 33.6 billion SHIB tokens, amounting to $363,600.
Token Burns and Their Impact Token burns serve as a mechanism to decrease the circulating supply of cryptocurrencies. This reduction in circulation often leads to an increase in the value of the remaining tokens. This principle aligns with the law of demand and supply, where a decrease in supply, with demand held constant, drives up the price of an item.
Burnt tokens are transferred to dead addresses lacking keys, rendering these coins and tokens irretrievable.
In Shiba Inu's case, three burn addresses exist, with two being dead addresses and one functioning as a black hole address. The third address channels SHIB tokens directly to the Genesis block.
Note: The Genesis Block signifies the first block in any blockchain.
Potential for $1 Valuation in SHIB via Burn Transactions For Shiba Inu to reach $1, it would need to eliminate 99.99999% of its current supply, assuming constant prices. While this figure appears daunting, Shiba Inu's lead developer, Shytoshi Kusama, has expressed a long-term aspiration to remove 99.9% of the current supply from circulation.
Achieving this in the near term might seem improbable, but concrete actions could be anticipated in the longer run.
Disclaimer: Voice of Crypto aims to provide accurate and timely information, but it disclaims responsibility for any missing facts or inaccuracies. Cryptocurrencies are highly volatile financial assets, and it's advisable to conduct thorough research and make informed financial decisions.
$SHIB