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๐Ÿš€๐Ÿš€ Buckle up, BTC enthusiasts! Meme coin Shiba Inu (SHIB) is making waves with a whopping 300% increase in token burns in just 24 hours! ๐Ÿ”ฅ๐Ÿ”ฅ Almost 100 million SHIB tokens have been removed from circulation, following a similar trend last month when over 15.5 billion assets were destroyed. The goal? To reduce the maximum supply of nearly 1 quadrillion SHIB tokens, making them scarcer and potentially more valuable over time. ๐Ÿ’ฐ๐Ÿ’ฐ But that's not all! SHIB's price has also seen a green light, up around 4% on a daily scale. This coincides with the overall market recovery, with our beloved Bitcoin (BTC) soaring to $72,000 and Ethereum (ETH) reclaiming the $3,600 mark. ๐Ÿ“ˆ๐Ÿ“ˆ There's more good news for SHIB! The development of the layer-2 blockchain solution Shibarium could positively impact SHIBโ€™s value. Launched last summer, Shibarium aims to support the development of decentralized applications (dApps), including DeFi projects, non-fungible tokens (NFTs), and gaming applications, within the Shiba Inu ecosystem. ๐ŸŽฎ๐ŸŽฎ Shibarium also aims to enhance user experience with high transaction throughput and lower costs, making it an attractive platform for developers and participants in the cryptocurrency space. Earlier this month, Shibarium surpassed the 4 million mark in terms of total blocks. ๐ŸŽ‰๐ŸŽ‰ So, keep your eyes on the prize, BTC fans! The crypto world is full of surprises! ๐ŸŒ๐ŸŒ

๐Ÿš€๐Ÿš€ Buckle up, BTC enthusiasts! Meme coin Shiba Inu (SHIB) is making waves with a whopping 300% increase in token burns in just 24 hours! ๐Ÿ”ฅ๐Ÿ”ฅ Almost 100 million SHIB tokens have been removed from circulation, following a similar trend last month when over 15.5 billion assets were destroyed.

The goal? To reduce the maximum supply of nearly 1 quadrillion SHIB tokens, making them scarcer and potentially more valuable over time. ๐Ÿ’ฐ๐Ÿ’ฐ

But that's not all! SHIB's price has also seen a green light, up around 4% on a daily scale. This coincides with the overall market recovery, with our beloved Bitcoin (BTC) soaring to $72,000 and Ethereum (ETH) reclaiming the $3,600 mark. ๐Ÿ“ˆ๐Ÿ“ˆ

There's more good news for SHIB! The development of the layer-2 blockchain solution Shibarium could positively impact SHIBโ€™s value. Launched last summer, Shibarium aims to support the development of decentralized applications (dApps), including DeFi projects, non-fungible tokens (NFTs), and gaming applications, within the Shiba Inu ecosystem. ๐ŸŽฎ๐ŸŽฎ

Shibarium also aims to enhance user experience with high transaction throughput and lower costs, making it an attractive platform for developers and participants in the cryptocurrency space. Earlier this month, Shibarium surpassed the 4 million mark in terms of total blocks. ๐ŸŽ‰๐ŸŽ‰

So, keep your eyes on the prize, BTC fans! The crypto world is full of surprises! ๐ŸŒ๐ŸŒ

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๐Ÿš€๐ŸŒ• Bitcoin (BTC) enthusiasts, get ready for some exciting news! Despite Ethereum's (ETH) historic Merge upgrade 19 months ago, it seems that the network's native asset is not keeping up with our beloved BTC! ๐Ÿ“‰ The ETH/BTC price ratio hit a three-year low on Thursday at 0.044, marking the least market dominance Ether has had against Bitcoin since May of 2021. ๐Ÿ“Š Why is this happening, you ask? ๐Ÿค” Well, many Ethereum bulls assumed that ETH would become a more enticing investment than Bitcoin after the September 2022 Merge. This upgrade introduced a proof of stake consensus mechanism and slashed ETHโ€™s inflation rate by a whopping 90%. ๐Ÿ’ฐ Despite these seemingly bullish properties, the ETH/BTC ratio has plummeted 45% since the Merge. This is particularly noteworthy considering the general bull market we've been enjoying for the past 18 months. ๐Ÿ‚ Crypto fund founder Joe McCann even tweeted that the dream of ETH's market cap surpassing that of BTC โ€“ known as "the flippening" โ€“ has turned into a nightmare. ๐Ÿ˜ฑ Recent technical advancements have allowed developers to bring applications to Bitcoin that were once unique to Ethereum and other more programmable chains. These include NFTs, trading runes, and a new framework for bringing smart contracts and layer 2 networks to the Bitcoin ecosystem. ๐Ÿš€ Moreover, Ethereum faces significant regulatory challenges. While Bitcoin spot ETF products were approved in January, experts believe an Ether spot ETF approval is unlikely. Most altcoins, including Ether, seem to be on the U.S. Securities and Exchange Commission's radar, potentially causing legal issues for exchanges and companies interacting with these assets. ๐Ÿ›๏ธ In conclusion, Bitcoin continues to dominate, with its total crypto market dominance now at 54.5%, compared to ETH's 15.1%. So, BTC lovers, keep your eyes on the prize and stay tuned for more updates! ๐ŸŽ‰๐ŸŽ‰
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