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## The Sustainability of Cryptocurrency: Can It Make You Rich?
#shibinu
### Introduction
Cryptocurrency has taken the world by storm since Bitcoin's inception in 2009, garnering attention not just for its potential financial returns but also for its implications on sustainability. As interest swells, so do questions about the sustainability of cryptocurrencies and whether investing in them will lead to wealth accumulation. In this blog post, we'll delve into the environmental concerns surrounding cryptocurrencies, examine their viability as an investment opportunity, and discuss whether they can genuinely make people rich.
### Understanding Cryptocurrency and Its Environmental Impact
Cryptocurrencies operate on decentralized networks powered by blockchain technology, which ensures transparency and security. However, the process of mining—used to validate transactions—requires significant computational power and energy consumption. For example, Bitcoin mining has been criticized for its carbon footprint due to its reliance on fossil fuels. According to a report from the Cambridge Centre for Alternative Finance, Bitcoin's annual electricity consumption can exceed that of entire countries, raising alarms about its environmental sustainability.
#### Efforts Towards Sustainability
Fortunately, initiatives for sustainable practices in cryptocurrency are emerging. Many cryptocurrencies now prioritize eco-friendly mining processes or leverage proof-of-stake models, which use significantly less energy than traditional proof-of-work systems. Ethereum’s transition to proof-of-stake with Ethereum 2.0 stands as a notable shift toward reducing its environmental impact.
Moreover, organizations like the Crypto Climate Accord aim to drive the crypto industry towards 100% renewable energy usage by 2030. These efforts not only address environmental concerns but could also enhance cryptocurrencies’ legitimacy and appeal to a broader audience focused on sustainability.
#shibinu
### Introduction
Cryptocurrency has taken the world by storm since Bitcoin's inception in 2009, garnering attention not just for its potential financial returns but also for its implications on sustainability. As interest swells, so do questions about the sustainability of cryptocurrencies and whether investing in them will lead to wealth accumulation. In this blog post, we'll delve into the environmental concerns surrounding cryptocurrencies, examine their viability as an investment opportunity, and discuss whether they can genuinely make people rich.
### Understanding Cryptocurrency and Its Environmental Impact
Cryptocurrencies operate on decentralized networks powered by blockchain technology, which ensures transparency and security. However, the process of mining—used to validate transactions—requires significant computational power and energy consumption. For example, Bitcoin mining has been criticized for its carbon footprint due to its reliance on fossil fuels. According to a report from the Cambridge Centre for Alternative Finance, Bitcoin's annual electricity consumption can exceed that of entire countries, raising alarms about its environmental sustainability.
#### Efforts Towards Sustainability
Fortunately, initiatives for sustainable practices in cryptocurrency are emerging. Many cryptocurrencies now prioritize eco-friendly mining processes or leverage proof-of-stake models, which use significantly less energy than traditional proof-of-work systems. Ethereum’s transition to proof-of-stake with Ethereum 2.0 stands as a notable shift toward reducing its environmental impact.
Moreover, organizations like the Crypto Climate Accord aim to drive the crypto industry towards 100% renewable energy usage by 2030. These efforts not only address environmental concerns but could also enhance cryptocurrencies’ legitimacy and appeal to a broader audience focused on sustainability.
👉Sideline Investors Eye SHIB Accumulation Between $0.000019 and $0.000021
Tuesday's Shiba Inu price is at $0.000021 after retesting and rebounding off crucial support the day before.
A daily candlestick closing below $0.000019 would disprove bullishness.
On Tuesday, Shiba Inu (SHIB) price is at $0.000021 after retesting and rebounding off crucial support the day before. Support levels from $0.000019 to $0.000021 allow sideline investors to buy SHIB.
Shiba Inu pricing may recover.
Monday's Shiba Inu price fell below $0.000019, its daily support level. The 61.8% Fibonacci retracement from the August 5 low of $0.000010 to the December 8 high of $0.000033 makes this support level a critical reversal zone. It trades above its 200-day Exponential Moving Average (EMA) at $0.000021 on Tuesday.
SHIB may continue the advance to $0.000028 if $0.000019 holds as support and it closes over $0.000022 weekly barrier.
The daily RSI is 44, below its neutral threshold of 50, suggesting mild bearish momentum. The Moving Average Convergence Divergence (MACD) indicator flattens around zero, indicating trader indecision.
However, on-chain data suggests Shiba Inu pricing will rise. At an average price of $0.000021, 17,160 addresses acquired 3.22 trillion SHIB coins, according to IntoTheBlock's IOMAP. This reversal level is important because many investors may add to their holdings if the price declines.
Technically, the $0.000019 to $0.000021 support level matches IOMAP results, making it a key reversal point.
According to Coinglass's OI-Weighted Funding Rate statistics, more traders expect SHIB to rise than decline.
This indicator uses futures yields weighted by open interest rates. Bullishness is shown by a positive rate (longs pay shorts), and bearishness by a negative rate.
SHIB has 0.0103%, a positive rate. This circumstance frequently indicates market bullishness, predicting Shiba Inu's price may rise2️⃣0️⃣2️⃣5️⃣$SHIB #Shibinu #SHIBFuture #like_share_follow
Tuesday's Shiba Inu price is at $0.000021 after retesting and rebounding off crucial support the day before.
A daily candlestick closing below $0.000019 would disprove bullishness.
On Tuesday, Shiba Inu (SHIB) price is at $0.000021 after retesting and rebounding off crucial support the day before. Support levels from $0.000019 to $0.000021 allow sideline investors to buy SHIB.
Shiba Inu pricing may recover.
Monday's Shiba Inu price fell below $0.000019, its daily support level. The 61.8% Fibonacci retracement from the August 5 low of $0.000010 to the December 8 high of $0.000033 makes this support level a critical reversal zone. It trades above its 200-day Exponential Moving Average (EMA) at $0.000021 on Tuesday.
SHIB may continue the advance to $0.000028 if $0.000019 holds as support and it closes over $0.000022 weekly barrier.
The daily RSI is 44, below its neutral threshold of 50, suggesting mild bearish momentum. The Moving Average Convergence Divergence (MACD) indicator flattens around zero, indicating trader indecision.
However, on-chain data suggests Shiba Inu pricing will rise. At an average price of $0.000021, 17,160 addresses acquired 3.22 trillion SHIB coins, according to IntoTheBlock's IOMAP. This reversal level is important because many investors may add to their holdings if the price declines.
Technically, the $0.000019 to $0.000021 support level matches IOMAP results, making it a key reversal point.
According to Coinglass's OI-Weighted Funding Rate statistics, more traders expect SHIB to rise than decline.
This indicator uses futures yields weighted by open interest rates. Bullishness is shown by a positive rate (longs pay shorts), and bearishness by a negative rate.
SHIB has 0.0103%, a positive rate. This circumstance frequently indicates market bullishness, predicting Shiba Inu's price may rise2️⃣0️⃣2️⃣5️⃣$SHIB #Shibinu #SHIBFuture #like_share_follow
##shibinu #SHIB💥 #btc #Sol #bake
**Shiba Inu Achieves Another Milestone: 8.5 Billion SHIB Burned, Total Shibarium Burns Exceed 25 Billion**
Shiba Inu remains committed to its strategic burning of SHIB tokens, utilizing a portion of Shibarium gas fees. In the latest series of Shibarium-powered burns, the team successfully incinerated a significant 8.53 billion SHIB, equivalent to $90,711, transferring them to the dead wallet in a single transaction at 00:30 UTC.
**Third Shibarium-Powered Burn**
This recent event marks the third instance of Shiba Inu burning substantial amounts of SHIB tokens through Shibarium fees, a fact confirmed by the marketing lead, Lucie.
**Shibarium Burns Surpass 25 Billion SHIB in Just 18 Days**
Initiated on December 4, the Shibarium-powered burns have seen remarkable progress, with a total of 25.38 billion SHIB burned in just 18 days. The team previously burned 8.24 billion SHIB on December 4 and 8.61 billion SHIB on December 16.
**Shibarium Transactions Exceed 160 Million**
The surge in SHIB burns on Shibarium correlates with a significant increase in the network's transaction volume. Since its mainnet launch four months ago, Shibarium has recorded an impressive 160.39 million transactions. From December 1 to the present, the network averages over 5 million transactions per day, reaching as high as 7.5 million transactions on certain days.
**SHIB Burn Rate Soars by 161,540%**
The recent burning of 8.53 billion SHIB has propelled the total tokens burned in the last 24 hours to 8.59 billion, resulting in an extraordinary burn rate surge of 161,540%. The cumulative amount of SHIB burned now stands at an impressive 410.68 trillion. Notably, Ethereum co-founder Vitalik Buterin played a crucial role in boosting this figure, sending over 410 trillion SHIB to the dead wallet in 2021.
Shiba Inu continues to demonstrate a commitment to reducing SHIB supply through strategic burns, leveraging the success of Shibarium-powered burns and the associated rise in transaction volume.
**Shiba Inu Achieves Another Milestone: 8.5 Billion SHIB Burned, Total Shibarium Burns Exceed 25 Billion**
Shiba Inu remains committed to its strategic burning of SHIB tokens, utilizing a portion of Shibarium gas fees. In the latest series of Shibarium-powered burns, the team successfully incinerated a significant 8.53 billion SHIB, equivalent to $90,711, transferring them to the dead wallet in a single transaction at 00:30 UTC.
**Third Shibarium-Powered Burn**
This recent event marks the third instance of Shiba Inu burning substantial amounts of SHIB tokens through Shibarium fees, a fact confirmed by the marketing lead, Lucie.
**Shibarium Burns Surpass 25 Billion SHIB in Just 18 Days**
Initiated on December 4, the Shibarium-powered burns have seen remarkable progress, with a total of 25.38 billion SHIB burned in just 18 days. The team previously burned 8.24 billion SHIB on December 4 and 8.61 billion SHIB on December 16.
**Shibarium Transactions Exceed 160 Million**
The surge in SHIB burns on Shibarium correlates with a significant increase in the network's transaction volume. Since its mainnet launch four months ago, Shibarium has recorded an impressive 160.39 million transactions. From December 1 to the present, the network averages over 5 million transactions per day, reaching as high as 7.5 million transactions on certain days.
**SHIB Burn Rate Soars by 161,540%**
The recent burning of 8.53 billion SHIB has propelled the total tokens burned in the last 24 hours to 8.59 billion, resulting in an extraordinary burn rate surge of 161,540%. The cumulative amount of SHIB burned now stands at an impressive 410.68 trillion. Notably, Ethereum co-founder Vitalik Buterin played a crucial role in boosting this figure, sending over 410 trillion SHIB to the dead wallet in 2021.
Shiba Inu continues to demonstrate a commitment to reducing SHIB supply through strategic burns, leveraging the success of Shibarium-powered burns and the associated rise in transaction volume.
Why You Should Buy and Hold This Coin for a Bullish Future Shiba Inu:
$SHIB ### Shiba Inu: Why You Should Buy and Hold This Coin for a Bullish Future
Shiba Inu (SHIB) has rapidly transformed from a meme coin to a formidable player in the cryptocurrency world. Its nickname, the "Dogecoin Killer," hints at its potential, but there's much more to this coin than meets the eye. For those looking to invest in the future of digital assets, Shiba Inu presents compelling reasons to buy and hold. Here’s why holding SHIB could be a smart move for long-term investors.
#### 1. **A Thriving Ecosystem with Growing Utility**
Shiba Inu is no longer just a joke coin; it's evolving into a robust ecosystem with multiple applications. The launch of ShibaSwap, an innovative decentralized exchange, has increased the utility of SHIB. By holding SHIB, investors position themselves to benefit from the growth of this ecosystem. As more features like Shibarium (a Layer 2 solution) and NFT integration are rolled out, the value of SHIB is likely to increase due to its expanded use cases.
#### 2. **Community Power: A Force to Reckon With**
The Shiba Inu community, known as the "Shib Army," is one of the most active and passionate in the crypto space. This massive and dedicated following is a crucial driver for the coin’s success. When you invest in SHIB, you're not just buying a token; you're joining a movement. The Shib Army’s continuous efforts in promoting the coin, pushing for exchange listings, and engaging in charitable initiatives create a strong support system that can help drive SHIB’s value upwards.
#### 3. **Deflationary Tokenomics Favor Long-Term Holders**
Shiba Inu’s deflationary mechanisms are designed to reward those who hold onto their tokens. With large amounts of SHIB being burned and liquidity locked, the supply of SHIB decreases over time. This reduction in circulating supply, combined with increasing demand, sets the stage for potential price appreciation. By holding SHIB, you stand to benefit from this deflationary trend as the scarcity of tokens could drive up their value.
#### 4. **Institutional Interest: A Catalyst for Growth**
Shiba Inu is no longer just for retail investors. As the cryptocurrency gains legitimacy and broader acceptance, institutional investors are beginning to take notice. The listing of SHIB on major exchanges like Binance, Coinbase, and others has opened the door for institutional money to flow in. As more financial products incorporate SHIB, such as ETFs and funds, the coin's liquidity and market cap are likely to grow, benefiting those who hold onto their investments.
#### 5. **The Power of Market Sentiment**
In the world of cryptocurrencies, market sentiment can be a powerful force. Shiba Inu has consistently been a hot topic on social media platforms, driving FOMO (fear of missing out) among investors. This virality has contributed to significant price movements in the past, and as Shiba Inu continues to capture attention, this momentum could lead to future price spikes. Holding SHIB allows investors to capitalize on these potential upward trends.
#### 6. **Positioning for the Future of Decentralization**
As the global economy moves towards decentralization, projects that offer real utility and strong ecosystems are likely to thrive. Shiba Inu is strategically positioning itself in this future landscape by expanding its ecosystem and building a decentralized platform. By holding SHIB, investors are not just betting on a coin; they’re investing in the future of decentralized finance (DeFi) and decentralized applications (dApps). This forward-looking approach could pay off as the world increasingly adopts blockchain technology.
### Conclusion: Hold SHIB for a Bright Future
Shiba Inu offers a unique investment opportunity. Its transition from a meme coin to a serious player in the cryptocurrency market, backed by a thriving ecosystem, deflationary tokenomics, and a passionate community, makes it a compelling choice for investors. The potential for future growth, driven by expanding utility, institutional interest, and strong market sentiment, suggests that those who buy and hold SHIB could see significant returns in the long run.
Investing in Shiba Inu is more than just buying a coin—it's about positioning yourself for the future of decentralized finance. With all the developments on the horizon, now might be the perfect time to add SHIB to your portfolio and hold on tight for the bullish ride ahead.$SHIB
Shiba Inu (SHIB) has rapidly transformed from a meme coin to a formidable player in the cryptocurrency world. Its nickname, the "Dogecoin Killer," hints at its potential, but there's much more to this coin than meets the eye. For those looking to invest in the future of digital assets, Shiba Inu presents compelling reasons to buy and hold. Here’s why holding SHIB could be a smart move for long-term investors.
#### 1. **A Thriving Ecosystem with Growing Utility**
Shiba Inu is no longer just a joke coin; it's evolving into a robust ecosystem with multiple applications. The launch of ShibaSwap, an innovative decentralized exchange, has increased the utility of SHIB. By holding SHIB, investors position themselves to benefit from the growth of this ecosystem. As more features like Shibarium (a Layer 2 solution) and NFT integration are rolled out, the value of SHIB is likely to increase due to its expanded use cases.
#### 2. **Community Power: A Force to Reckon With**
The Shiba Inu community, known as the "Shib Army," is one of the most active and passionate in the crypto space. This massive and dedicated following is a crucial driver for the coin’s success. When you invest in SHIB, you're not just buying a token; you're joining a movement. The Shib Army’s continuous efforts in promoting the coin, pushing for exchange listings, and engaging in charitable initiatives create a strong support system that can help drive SHIB’s value upwards.
#### 3. **Deflationary Tokenomics Favor Long-Term Holders**
Shiba Inu’s deflationary mechanisms are designed to reward those who hold onto their tokens. With large amounts of SHIB being burned and liquidity locked, the supply of SHIB decreases over time. This reduction in circulating supply, combined with increasing demand, sets the stage for potential price appreciation. By holding SHIB, you stand to benefit from this deflationary trend as the scarcity of tokens could drive up their value.
#### 4. **Institutional Interest: A Catalyst for Growth**
Shiba Inu is no longer just for retail investors. As the cryptocurrency gains legitimacy and broader acceptance, institutional investors are beginning to take notice. The listing of SHIB on major exchanges like Binance, Coinbase, and others has opened the door for institutional money to flow in. As more financial products incorporate SHIB, such as ETFs and funds, the coin's liquidity and market cap are likely to grow, benefiting those who hold onto their investments.
#### 5. **The Power of Market Sentiment**
In the world of cryptocurrencies, market sentiment can be a powerful force. Shiba Inu has consistently been a hot topic on social media platforms, driving FOMO (fear of missing out) among investors. This virality has contributed to significant price movements in the past, and as Shiba Inu continues to capture attention, this momentum could lead to future price spikes. Holding SHIB allows investors to capitalize on these potential upward trends.
#### 6. **Positioning for the Future of Decentralization**
As the global economy moves towards decentralization, projects that offer real utility and strong ecosystems are likely to thrive. Shiba Inu is strategically positioning itself in this future landscape by expanding its ecosystem and building a decentralized platform. By holding SHIB, investors are not just betting on a coin; they’re investing in the future of decentralized finance (DeFi) and decentralized applications (dApps). This forward-looking approach could pay off as the world increasingly adopts blockchain technology.
### Conclusion: Hold SHIB for a Bright Future
Shiba Inu offers a unique investment opportunity. Its transition from a meme coin to a serious player in the cryptocurrency market, backed by a thriving ecosystem, deflationary tokenomics, and a passionate community, makes it a compelling choice for investors. The potential for future growth, driven by expanding utility, institutional interest, and strong market sentiment, suggests that those who buy and hold SHIB could see significant returns in the long run.
Investing in Shiba Inu is more than just buying a coin—it's about positioning yourself for the future of decentralized finance. With all the developments on the horizon, now might be the perfect time to add SHIB to your portfolio and hold on tight for the bullish ride ahead.$SHIB
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redpacket code : BP0Z0HKE8B
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redpacket code : BP0Z0HKE8B
follow for more
#Write2Earn
#shibinu
#thenewbitcoin
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It is lamentable how many people do not know about cryptocurrency ideas and talk bullishly about Shiba and Pepe. These two coins will never cost 1 dollar; it is irrational. Logically, they do not exist. One should sell when it reaches its historical maximum of 0.0004 in 2023 and points
#pepes
#shibinu
#pepes
#shibinu
#MyFirstFeedPost Hello, Binance Square!
I observed an extended period of time near the yellow line, anticipating a potential upward movement in Shib cryptocurrency! #shibinu #shib
I observed an extended period of time near the yellow line, anticipating a potential upward movement in Shib cryptocurrency! #shibinu #shib
Shib inu Fans🔥🔥 I am asking you ... Can we see Come back in this Bull Run ???? Don't be emotional and comment ....#shibinu @Shiba Inu #BTC🔥🔥🔥🔥
FOLLOW NOW...
First you have to know What is SHIB inu coin ?
SHIB Inu coin, often referred to simply as SHIB, is a cryptocurrency token that gained popularity as a meme token inspired by the Shiba Inu dog breed, similar to Dogecoin. It operates on the Ethereum blockchain and was created to be a decentralized community experiment. It gained attention due to its low price and large circulating supply, attracting traders interested in high-risk, high-reward investments. However, its value can be highly volatile, and investors should exercise caution when trading or investing in it.
FOLLOW NOW...
First you have to know What is SHIB inu coin ?
SHIB Inu coin, often referred to simply as SHIB, is a cryptocurrency token that gained popularity as a meme token inspired by the Shiba Inu dog breed, similar to Dogecoin. It operates on the Ethereum blockchain and was created to be a decentralized community experiment. It gained attention due to its low price and large circulating supply, attracting traders interested in high-risk, high-reward investments. However, its value can be highly volatile, and investors should exercise caution when trading or investing in it.
Exciting news for people who like crypto! Some popular meme coins are expected to do really well in 2025. Here are four of them:
1. DOGE/USDT: Dogecoin, the original meme coin, is making a comeback. It has lots of fans and is getting more popular, so its value might go way up!
2. SHIB/USDT: Shiba Inu, another meme coin, is getting ready for a big year in 2025. It has cool features and lots of loyal followers, so it might become even more successful!
3. PEPE/USDT: Pepe Coin is also gaining momentum. It has a unique idea and many dedicated fans. It could become really valuable in the crypto market!
4. BTTC/USDT: Bitcoin Token is expected to do well in 2025. It has a strong foundation and a growing community. Joining in now might lead to some big gains!
Hold onto these coins for a while, and you might make some good money! This could be a huge event in the world of crypto. Make sure to keep an eye on the market and don't miss out on any opportunities! 🚀🌕 #BTC #pepe #shibinu #doge #dogecoin
1. DOGE/USDT: Dogecoin, the original meme coin, is making a comeback. It has lots of fans and is getting more popular, so its value might go way up!
2. SHIB/USDT: Shiba Inu, another meme coin, is getting ready for a big year in 2025. It has cool features and lots of loyal followers, so it might become even more successful!
3. PEPE/USDT: Pepe Coin is also gaining momentum. It has a unique idea and many dedicated fans. It could become really valuable in the crypto market!
4. BTTC/USDT: Bitcoin Token is expected to do well in 2025. It has a strong foundation and a growing community. Joining in now might lead to some big gains!
Hold onto these coins for a while, and you might make some good money! This could be a huge event in the world of crypto. Make sure to keep an eye on the market and don't miss out on any opportunities! 🚀🌕 #BTC #pepe #shibinu #doge #dogecoin
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$PEPE Pepe Price Prediction 2025
After the analysis of the prices of Pepe in previous years, it is assumed that in 2025, the minimum price of Pepe will be around $$0.000013. The maximum expected PEPE price may be around $$0.000015. On average, the trading price might be $$0.000013 in 2025.20 hours #shib #shibinu #btc
After the analysis of the prices of Pepe in previous years, it is assumed that in 2025, the minimum price of Pepe will be around $$0.000013. The maximum expected PEPE price may be around $$0.000015. On average, the trading price might be $$0.000013 in 2025.20 hours #shib #shibinu #btc
Binance Announcement
--
Binance Completes Integration of Filecoin (FIL) on FILEVM Network, Opens Deposits
Fellow Binancians,
Binance has completed the integration of Filecoin (FIL) on the FILEVM network. Deposits are now open. Please find your assigned token deposit address here.
For more information, please refer:
Filecoin Virtual Machine (FVM)
Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-02-23
Binance has completed the integration of Filecoin (FIL) on the FILEVM network. Deposits are now open. Please find your assigned token deposit address here.
For more information, please refer:
Filecoin Virtual Machine (FVM)
Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-02-23
Shiba Inu Price Prediction: Can the SHIB Price Break Records with an 800% Rally?
#TrendingTopic #BONK #shiba #shibinu #shibacoin
#TrendingTopic #BONK #shiba #shibinu #shibacoin
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#SHIBINU boom soon
$COOKIE /USDT Technical Overview
$COOKIE is trading at $0.5781, with a 26.61% surge. The price has hit a high of $0.6999 and low of $0.4566, reflecting strong volatility.
Key Levels
Resistance: $0.6200, $0.7000
Support: $0.5500, $0.5000
Trading Setup
Entry Zone: $0.5700–$0.5900
Targets: $0.6200, $0.6500, $0.7000
Stop-Loss: Below $0.5400
The current momentum favors further bullish continuation, but caution is advised as volatility remains high.
#USJobsSurge256K #AIXBT,COOKIE,CGPTOnBinance
$COOKIE is trading at $0.5781, with a 26.61% surge. The price has hit a high of $0.6999 and low of $0.4566, reflecting strong volatility.
Key Levels
Resistance: $0.6200, $0.7000
Support: $0.5500, $0.5000
Trading Setup
Entry Zone: $0.5700–$0.5900
Targets: $0.6200, $0.6500, $0.7000
Stop-Loss: Below $0.5400
The current momentum favors further bullish continuation, but caution is advised as volatility remains high.
#USJobsSurge256K #AIXBT,COOKIE,CGPTOnBinance
Shiba Inu Goes Multi-Chain With New Chainlink Partnership
Shiba Inu has entered into a strategic partnership with Chainlink, according to a press release published in SHIB Magazine. This alliance will see Shibarium, Shiba Inu’s layer-2 (L2) blockchain network, integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its canonical infrastructure for cross-chain communication, alongside the adoption of the Cross-Chain Token (CCT) standard for its native assets SHIB, BONE, and LEASH.
What The Shiba Inu And Chainlink Means
“We’re excited to announce that Shiba Inu and Chainlink are partnering to grow the Shiba Inu ecosystem,” reads the official press release. “Shibarium has integrated the Chainlink standard for blockchain interoperability as its canonical cross-chain infrastructure.” The move enables Shiba Inu ecosystem assets to be deployed across 12 blockchains.
Shibarium is built on top of Ethereum with a focus on scalability, speed, and cost efficiency. By adopting the CCT standard, the Shiba Inu ecosystem can now facilitate token transfers using a “lock-and-mint” mechanism for bridging from Ethereum and a “burn-and-mint” mechanism for cross-chain transfers beyond Ethereum. These approaches aim to ensure a controlled, secure, and verifiable means of moving value across multiple networks, all underpinned by Chainlink’s CCIP.
Related Reading: Here’s Why The Dogecoin And Shiba Inu Prices Crashed Violently
Johann Eid, Chief Business Officer at Chainlink Labs, emphasized the importance of the partnership in expanding cross-chain capabilities for Shibarium. “We’re excited to enter a partnership with Shiba Inu and grow its ecosystem together,” Eid stated. “The integration of Chainlink CCIP as Shibarium’s canonical cross-chain solution and Shiba Inu’s adoption of the CCT standard will enhance its capabilities and drive wide adoption of its ecosystem.”
Kaal, a Shiba Inu core developer, underscored the significance of adopting CCIP and the CCT standard: “Partnering with Chainlink, we’re not just choosing an industry standard—we’re setting a bold new course for the Shiba Inu ecosystem. By integrating CCIP and the CCT standard, SHIB, LEASH, and BONE will, for the very first time, span multiple chains with unparalleled security, reliability, and inbuilt burn mechanisms.”
From a technical perspective, Chainlink’s CCIP is designed to provide decentralized cross-chain messaging, secure token transfers, and programmability. The protocol’s security model leverages Chainlink’s decentralized oracle networks (DONs) to safeguard tokens and data as they move across chains. According to the release, Chainlink’s infrastructure has historically secured over $75 billion in DeFi total value locked (TVL) at its peak and facilitated more than $17 trillion in on-chain transaction value since the start of 2022.
Related Reading: Shiba Inu Burn Skyrockets 1,068% Amid Market Bleed, Can Bullishness Push Price Above $0.00003 Again?
In addition, Shiba Inu will also integrate Chainlink Data Streams for premium, high-frequency, low-latency market data. “Chainlink Data Streams supply premium high-frequency data […] with advanced features such as liquidity-weighted bid-ask spreads and sub-second execution speed,” the press release states. The objective is to enable more sophisticated decentralized finance (DeFi) applications on Shibarium, potentially attracting traders and liquidity providers seeking reliable, transparent data feeds.
As detailed in a related article by SHIB Magazine, the overarching vision behind this move is to create a more dynamic, interconnected blockchain environment. By leveraging Chainlink’s CCIP, Shibarium aims to connect with a broader “crypto universe” and facilitate the secure transfer of its ecosystem tokens across multiple chains.
Notably, this cross-chain expansion also introduces a deflationary mechanism through which transaction fees across various supported chains are consolidated and utilized to “burn” tokens, potentially influencing the tokenomics of SHIB, BONE, and LEASH over the longer term.
Chainlink’s CCIP capabilities, including arbitrary messaging and programmable token transfers, allow developers to build cross-chain-native applications that can handle NFTs, lending protocols, and other data-driven functionalities. This technological convergence represents a bid to transform Shibarium from a single-chain solution into a robust, multi-chain network that can host diverse and sophisticated DeFi markets.
The ultimate impact of this multi-chain expansion will depend on developer adoption, user engagement, and the broader DeFi market’s response. While the outcome remains to be seen, the partnership’s stated goal is clear: to foster innovation, encourage widespread adoption of Shibarium’s tools, and establish the Shiba Inu ecosystem as a pioneering force in cross-chain interoperability and decentralized finance.
As Kaal noted, “This milestone paves the way for more innovative multi-chain applications, driving broader adoption and igniting a new era of growth and possibility for the Shiba Inu ecosystem.”
At press time, SHIB traded at $0.00002218.
$SHIB
#shibinu #BTCNextMove #MarketPullback #MarketCorrectionBuyOrHODL? #BinanceAlphaAlert
What The Shiba Inu And Chainlink Means
“We’re excited to announce that Shiba Inu and Chainlink are partnering to grow the Shiba Inu ecosystem,” reads the official press release. “Shibarium has integrated the Chainlink standard for blockchain interoperability as its canonical cross-chain infrastructure.” The move enables Shiba Inu ecosystem assets to be deployed across 12 blockchains.
Shibarium is built on top of Ethereum with a focus on scalability, speed, and cost efficiency. By adopting the CCT standard, the Shiba Inu ecosystem can now facilitate token transfers using a “lock-and-mint” mechanism for bridging from Ethereum and a “burn-and-mint” mechanism for cross-chain transfers beyond Ethereum. These approaches aim to ensure a controlled, secure, and verifiable means of moving value across multiple networks, all underpinned by Chainlink’s CCIP.
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Johann Eid, Chief Business Officer at Chainlink Labs, emphasized the importance of the partnership in expanding cross-chain capabilities for Shibarium. “We’re excited to enter a partnership with Shiba Inu and grow its ecosystem together,” Eid stated. “The integration of Chainlink CCIP as Shibarium’s canonical cross-chain solution and Shiba Inu’s adoption of the CCT standard will enhance its capabilities and drive wide adoption of its ecosystem.”
Kaal, a Shiba Inu core developer, underscored the significance of adopting CCIP and the CCT standard: “Partnering with Chainlink, we’re not just choosing an industry standard—we’re setting a bold new course for the Shiba Inu ecosystem. By integrating CCIP and the CCT standard, SHIB, LEASH, and BONE will, for the very first time, span multiple chains with unparalleled security, reliability, and inbuilt burn mechanisms.”
From a technical perspective, Chainlink’s CCIP is designed to provide decentralized cross-chain messaging, secure token transfers, and programmability. The protocol’s security model leverages Chainlink’s decentralized oracle networks (DONs) to safeguard tokens and data as they move across chains. According to the release, Chainlink’s infrastructure has historically secured over $75 billion in DeFi total value locked (TVL) at its peak and facilitated more than $17 trillion in on-chain transaction value since the start of 2022.
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In addition, Shiba Inu will also integrate Chainlink Data Streams for premium, high-frequency, low-latency market data. “Chainlink Data Streams supply premium high-frequency data […] with advanced features such as liquidity-weighted bid-ask spreads and sub-second execution speed,” the press release states. The objective is to enable more sophisticated decentralized finance (DeFi) applications on Shibarium, potentially attracting traders and liquidity providers seeking reliable, transparent data feeds.
As detailed in a related article by SHIB Magazine, the overarching vision behind this move is to create a more dynamic, interconnected blockchain environment. By leveraging Chainlink’s CCIP, Shibarium aims to connect with a broader “crypto universe” and facilitate the secure transfer of its ecosystem tokens across multiple chains.
Notably, this cross-chain expansion also introduces a deflationary mechanism through which transaction fees across various supported chains are consolidated and utilized to “burn” tokens, potentially influencing the tokenomics of SHIB, BONE, and LEASH over the longer term.
Chainlink’s CCIP capabilities, including arbitrary messaging and programmable token transfers, allow developers to build cross-chain-native applications that can handle NFTs, lending protocols, and other data-driven functionalities. This technological convergence represents a bid to transform Shibarium from a single-chain solution into a robust, multi-chain network that can host diverse and sophisticated DeFi markets.
The ultimate impact of this multi-chain expansion will depend on developer adoption, user engagement, and the broader DeFi market’s response. While the outcome remains to be seen, the partnership’s stated goal is clear: to foster innovation, encourage widespread adoption of Shibarium’s tools, and establish the Shiba Inu ecosystem as a pioneering force in cross-chain interoperability and decentralized finance.
As Kaal noted, “This milestone paves the way for more innovative multi-chain applications, driving broader adoption and igniting a new era of growth and possibility for the Shiba Inu ecosystem.”
At press time, SHIB traded at $0.00002218.
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