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apakah anda akan mengira #shibaInu akan Terus Turun?? oh tidak kawan!. aya kemaren sudah bilang untuk jangan gegabah dalam mengambil keputusan lihatlah ini adalah POLA Naik naik kepuncak gunung tingi tingi sekali🔥🔥😉😉😉😂🔥
In the midst of today's green market, Shiba Inu (SHIB) managed to attract the attention of many people due to its extraordinary price surge, up to more than 107% in the last 24 hours.
What do you think caused the SHIB price to jump today?
SHIB Name Service Update Reporting from Coingape, the recently updated SHIB Name Service (SNS) was the main catalyst behind this surge in SHIB prices. SNS allows SHIB holders to personalize their Web3.0 identity, adding details such as place, gamertag and number.
This update is expected to not only improve the user experience in the decentralized ecosystem, but also make it easier to navigate long and complicated wallet addresses.
With the integration of Sovereign Self-Sovereign Identity (SSI) into all Shiba Inu projects, the SHIB community now looks forward to the launch of the unique SHIB identity scheduled for November 1, 2024.
As SHIB Increases 6% in 24 Hours, Can Shiba Inu Hit $1? Shiba Inu price rose 6.5% today to $0.00003358 while the crypto market rose 2% in 24 hours. The meme coin has risen 156% in the previous week and 280% in the last 30 days, benefiting from positive market moves. As Bitcoin approaches its second halving, the market expects Bitcoin to rise. SHIB may outperform its competitors in the next few weeks due to the meme token's excellent fundamentals. SHIB is likely to restart its climb from last week after a slight decline this week. Its relative strength index rose today after falling from 95 to 80 over the previous two days, indicating strong momentum. Currently, SHIB's 30-day moving average is increasing rapidly and surpassing the 200-day moving average. This suggests that meme tokens are experiencing a major growth spurt that may last for weeks or months, barring a decline in profit-taking. After months of apathy, large SHIB transactions have increased in recent days, indicating that whales are returning to the meme currency. The accumulation of whales usually predicts an increase in prices, therefore it bodes well for the currency. Rising Bitcoin ETF volume, enthusiasm for the upcoming BTC halving, and potential Ethereum ETFs have positioned SHIB in a new bull market. Such bullishness may increase the overall price, but SHIB may gain more. Performance may be better this year as they spent most of 2023 doing nothing. After last year's debut of Shibarium and the upcoming launch of SHIB: The Metaverse, SHIB has perhaps the strongest meme currency foundation. In two weeks, the Shiba Inu price may reach $0.000040, then rise to $0.000050 or $0.000060 in a few months.
like I said #shibarium back again right?. haha Don't be in a hurry, friend. #shibarium Still burning the coins very, very aggressively. Can it reach #0.1? Just think for yourself, friend, I'm sick of telling you about this news.
Want to be rich? HOLD ON until next OCTOBER! If your lust is blind then sell now I don't expect anything from you!
Are you fascinated by Shiba Inu's rapid rise and interested in understanding where it goes next? You've come to the right place! In this article, we will discuss the world of Shiba Inu and provide the latest SHIB price predictions. We will dissect the factors influencing its price, weigh market sentiment, and forecast potential scenarios for this much-talked-about cryptocurrency. And remember, whether you are considering buying SHIB or another crypto, our exchange is here to provide a safe and easy-to-use platform for all your trading needs. So, don't hold back – start investing today with Changelly!
Continuing to Strengthen, Bitcoin Price Reaches IDR 1$ Billion .
Even though the price of bitcoin is approaching its all-time high, some analysts still predict further increases. “We haven't even begun to reach the level that is possible to achieve,” said head of corporate research at Galaxy Alex Thorn as reported by Coindesk.com, Friday (1/3/2024).
He argues, US spot bitcoin ETFs are a game changer, providing for BTC's steady and recently increasing demand. Meanwhile, about 75 percent of the Bitcoin supply is owned by long-term holders, who have so far been unwilling to sell at current price levels.
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Crypto analyst Swissblock also assesses that the volume of on-chain transactions on the Bitcoin network and retail interest in crypto are still far from the levels experienced during the previous peak. The analyst estimates that Bitcoin's current uptrend is only the beginning of what is to come.
“Sustained buying pressure and strong bullish signals from oscillators and moving averages suggest BTC is poised to resume upward momentum,” he said.
However, they urge you to be careful and not rush into the market at this time.
As much as 70% of the base fee will be allocated to removing Shiba Inu tokens from circulation, while the remaining 30% will be used for network maintenance.
Once the network collects a total of $25,000 in fees from users, the first burn process will begin. However, the number of tokens that will be sent to the dead wallet is still unknown.
The Shiba Inu team is expected to provide more details on this in January. This move will hopefully help SHIB increase its price sustainably over the next few years. The main target for investors is to reach the price milestone of $0.01. Although it is still unclear whether burning tokens can help achieve this target, this move certainly raises high hopes among investors.
Token burning is expected to reduce the number of SHIB tokens in circulation, which in turn could increase the value of the token. This is a strategy often used in the crypto world to create scarcity and increase demand.
However, the long-term effectiveness of this strategy is still a topic of debate among experts and investors.
Disclaimer
This content aims to enrich reader information. Always do your own research and use cold hard cash before investing. All buying and selling and investing activities in crypto assets are the responsibility of the reader.