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Max Cryptobuddy
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๐Ÿš€ Hey, New Yorkers! Robinhood is now offering Shiba Inu ($SHIB), Avalanche ($AVAX), and Compound ($COMP) for trading. Despite a recent dip, $SHIB is showing signs of a potential rally. Why? ๐Ÿ”ฅ A 500% increase in its burn rate is creating scarcity, which could drive up value. ๐Ÿ”„ A shift from centralized entities to self-custody is reducing selling pressure. ๐Ÿ’ก Developments in Shibarium, $SHIB's Layer2 blockchain network, are also promising. Got thoughts on this? Share below! ๐Ÿ—จ๏ธ #CryptoNews #DeFi #Layer2

๐Ÿš€ Hey, New Yorkers! Robinhood is now offering Shiba Inu ($SHIB), Avalanche ($AVAX), and Compound ($COMP) for trading. Despite a recent dip, $SHIB is showing signs of a potential rally. Why?

๐Ÿ”ฅ A 500% increase in its burn rate is creating scarcity, which could drive up value.

๐Ÿ”„ A shift from centralized entities to self-custody is reducing selling pressure.

๐Ÿ’ก Developments in Shibarium, $SHIB's Layer2 blockchain network, are also promising.

Got thoughts on this? Share below! ๐Ÿ—จ๏ธ #CryptoNews #DeFi #Layer2

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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๐Ÿš€๐Ÿ“‰ High-value tokens with low initial circulating supply are causing a stir in the market. Binance Research confirms the trend, with tokens launching at sky-high valuations. ๐Ÿ’ฐ The report predicts around $155 billion worth of tokens will be unlocked from 2024 to 2030. This could put selling pressure on the market, potentially impacting prices. ๐Ÿ”’ The gap between market caps and fully diluted valuations (FDVs) is growing, especially for tokens with low circulating supplies. To maintain current prices, an estimated $80 billion in new demand would be needed. ๐Ÿ“‰ Over 80% of new cryptocurrencies listed on Binance have seen a decline in value. Most are backed by top-tier VC firms and launch at inflated valuations, often without an established user base or community support. ๐Ÿ‘ฅ Binance is stepping up to address this trend, aiming to foster a healthy market environment. They're encouraging small to medium projects and high-quality teams to apply for their listing programs. What do you think about this trend? Share your thoughts below! ๐Ÿ‘‡ #DeFi #Binance #CryptoNews
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๐Ÿ“ข Big news, folks! OKX is waving goodbye to Hong Kong ๐Ÿ‡ญ๐Ÿ‡ฐ. From May 31, 2024, they're stopping centralized crypto trading services for HK residents. But don't worry, your funds are safe and withdrawals will continue as usual. ๐Ÿ™Œ ๐Ÿ‘‰ After the deadline, HK users can only withdraw funds, no more trading or depositing. But here's the silver lining: OKX's Web3 self-hosted wallet services will still be available to HK users. ๐ŸŒ๐Ÿ’ผ ๐Ÿšจ Heads up! OKX advises not to make any deposits after the deadline. Open orders not closed by then will be cancelled, with funds transferred to your OKX account balance. This move comes after OKX withdrew its VASP license application. They're not alone, though. HTX and Huobi Hong Kong also pulled their applications earlier this month. ๐Ÿ“ This follows OKX's exit from India two months ago due to local regulations. ๐Ÿ‡ฎ๐Ÿ‡ณ What's your take on this? Share your thoughts below! ๐Ÿ‘‡ #OKX #HongKong #CryptoNews
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๐ŸŽ‰Ethereum's birthday is on the horizon, and the markets are celebrating with a price spike! ๐Ÿš€ But is it a better investment than Cardano? Let's break it down: โ€ข Ethereum's market cap: $451.8 billion โ€ข Cardano's market cap: $17.2 billion Key factors to consider: 1๏ธโƒฃ Technical Analysis: Ethereum is close to its all-time high, while Cardano has room to grow. 2๏ธโƒฃ Regulatory Analysis: U.S. regulators favor Bitcoin and Ethereum over Cardano and other DeFi networks. 3๏ธโƒฃ Fundamental Analysis: Cardano's inflows make up a smaller portion of its market cap than Ethereum, but Ethereum has a higher growth rate. 4๏ธโƒฃ Gas Fees: Lower on Cardano, but higher fees on Ethereum can mean more security. 5๏ธโƒฃ Ease of Use: Some say Ethereum is too complex, while others argue this is proof of its success. 6๏ธโƒฃ Whales: Cardano whales have boosted holdings by 11% in May, suggesting bullish sentiment. 7๏ธโƒฃ Memes: Ethereum takes the cake with meme coins like SHIB, PEPE, and FLOKI. So, ETH or ADA? Share your thoughts below! ๐Ÿ‘‡ #Web3 #DeFi #Ethereum #Cardano
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๐Ÿพ๐Ÿ’” Kabosu, the Shiba Inu and face of the Doge meme, has crossed the rainbow bridge at 18. Her owner confirmed the sad news, reminding us of the joy this one dog brought to millions worldwide. ๐ŸŒ Kabosu's meme fame led to the creation of Dogecoin (DOGE) in 2013, which started as a joke but is now the world's largest meme coin by market cap. Her influence also paved the way for other dog-themed tokens like Shiba Inu Coin (SHIB) and Floki (FLOKI). ๐Ÿ’ช Despite a leukemia diagnosis in late 2022, Kabosu's health had improved, showing us her fighting spirit. ๐Ÿ—ฃ๏ธ Let's honor Kabosu's memory in the comments. How has she touched your life or your crypto journey? #RIPKabosu #Dogecoin #CryptoCommunity
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๐Ÿถ vs ๐Ÿฑ in the meme coin arena! Dogecoin (DOGE) and Shiba Inu (SHIB) are top dogs, but cat-themed coins like Popcat (POPCAT) are clawing their way up. What's your bet? - Meme coins are soaring, with a total market cap over $60 billion. - Dog-themed coins like DOGE and SHIB are leading, thanks to strong communities and celeb endorsements. - Cat-themed coins are less popular but rising. A viral trend or major endorsement could change the game. Don't forget about Pepe (PEPE), the frog-themed coin that's been hopping to new highs. Could it leapfrog the competition? Remember, the meme coin market is volatile. Stay informed and invest wisely. Let's chat in the comments! #MemeCoins #CryptoMarket ๐Ÿš€
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