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Took a cue from XRP, burning tokens through transactions
Shiba Inu to Implement New Token Burning Mechanism as Part of Shibarium Expansion
Amidst skepticism and criticism in the industry, Shiba Inu has delivered on its promise to the community by implementing a new, community-driven token burn mechanism as part of the Shibarium multi-chain extension, demonstrating a commitment to creating and finding solutions rather than engaging with detractors.
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Shiba Inu to Implement New Token Burning Mechanism as Part of Shibarium Expansion
Amidst skepticism and criticism in the industry, Shiba Inu has delivered on its promise to the community by implementing a new, community-driven token burn mechanism as part of the Shibarium multi-chain extension, demonstrating a commitment to creating and finding solutions rather than engaging with detractors.
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Shiba Inu Partners with Chainlink to Promote Shibarium Ecosystem Tokens
Shiba Inu partnered with decentralized oracle network Chainlink on Thursday in an effort to expand its ecosystem.
What happened: The partnership involves integrating the Chainlink standard for blockchain interoperability as the underlying cross-chain infrastructure for Shibarium, a layer 2 blockchain for the Shiba Inu.
What happened: The partnership involves integrating the Chainlink standard for blockchain interoperability as the underlying cross-chain infrastructure for Shibarium, a layer 2 blockchain for the Shiba Inu.
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$SHIB started being bought, after the drop the daily turnover increased from 750 million to 1.49 billion
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XRP Price Forecast for December 17
RLUSD from Ripple is fully set to launch today (December 17), and the price of XRP is fully prepared for a potential explosion. Analysts say that XRP is currently in the later stages of wave cycle three on the daily chart, and this wave may still extend slightly higher, potentially reaching new all-time highs.
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Shiba Inu’s Hot Streak: Can It Double Its Price Again?
In the last month alone, $SHIB has jumped 57% to its current price of $0.00003015. However, some analysts believe that the trend could continue. On December 7, crypto analyst “Bluntz” suggested that SHIB could soar to $0.00006 and $0.00009, respectively, which would be around 94% and 191% higher than its value of approximately $0.00003089.
Bluntz also noted that for this to happen, SHIB would need to complete a breakout like the one in March 2024, when the RSI moved from above 70 to above 90. Shiba Inu’s RSI is currently above 70, indicating that the coin could continue to rise. Another analyst, King's Chart, offered a more cautious view, predicting a 35% rise in SHIB price to around $0.00004518 based on an ascending triangle.
In the last month alone, $SHIB has jumped 57% to its current price of $0.00003015. However, some analysts believe that the trend could continue. On December 7, crypto analyst “Bluntz” suggested that SHIB could soar to $0.00006 and $0.00009, respectively, which would be around 94% and 191% higher than its value of approximately $0.00003089.
Bluntz also noted that for this to happen, SHIB would need to complete a breakout like the one in March 2024, when the RSI moved from above 70 to above 90. Shiba Inu’s RSI is currently above 70, indicating that the coin could continue to rise. Another analyst, King's Chart, offered a more cautious view, predicting a 35% rise in SHIB price to around $0.00004518 based on an ascending triangle.
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Shiba Inu investors bought 4 trillion SHIB
Shiba Inu (SHIB) recently experienced significant price movement, although it struggled to break through a critical resistance level. Despite the lack of sharp growth, investor confidence remains high.
This is reflected in the ongoing accumulation of SHIB, as holders continue to acquire the token despite its price stagnation.
This is reflected in the ongoing accumulation of SHIB, as holders continue to acquire the token despite its price stagnation.
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Coinbase to Delist USDT, PYUSD, and DAI for Users in Europe
The changes will not affect stablecoins from issuer Circle
Leading US centralized crypto exchange (CEX) Coinbase will delist several fiat-pegged stablecoins for European users on December 13. Trading will be stopped for USDT, PAX, PYUSD, GUSD, GYEN, and DAI, as they do not comply with the Markets in Cryptoassets Act (MiCA), which is being gradually implemented in the bloc.
Leading US centralized crypto exchange (CEX) Coinbase will delist several fiat-pegged stablecoins for European users on December 13. Trading will be stopped for USDT, PAX, PYUSD, GUSD, GYEN, and DAI, as they do not comply with the Markets in Cryptoassets Act (MiCA), which is being gradually implemented in the bloc.
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Ripple stunned the market with a mysterious transfer of 580 million XRP
The popular blockchain tracking service Whale Alert has released information about a colossal amount of XRP coins transferred in the last twenty hours. Two of the largest transactions were made by the San Francisco-based cryptocurrency company Ripple — it transferred several hundred million XRP. A total of 640 million XRP was transferred in just twelve hours.
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Shiba Inu Burns 51,763,782 SHIB as Burn Rate Soars 1068%
The recent significant increase in the burn rate of Shiba Inu has attracted significant market attention. According to data provided by Shibburn, the $SHIB burn rate has increased by 1068%, with 51,763,782 $SHIB tokens being permanently removed from circulation. Over the past week, a total of 2.44 billion tokens have been burned, representing a weekly increase of 10.57%. The recent burn activity represents one of the largest single-day reductions in the $SHIB supply in recent weeks, demonstrating significant community engagement. As a result, the overall market sentiment towards this meme coin has become more bullish amid the law of supply and demand. This change in sentiment is further supported by the impressive trading volume of $SHIB, which has risen over 109% over the previous 24 hours, reflecting a surge in interest from investors.
The recent significant increase in the burn rate of Shiba Inu has attracted significant market attention. According to data provided by Shibburn, the $SHIB burn rate has increased by 1068%, with 51,763,782 $SHIB tokens being permanently removed from circulation. Over the past week, a total of 2.44 billion tokens have been burned, representing a weekly increase of 10.57%. The recent burn activity represents one of the largest single-day reductions in the $SHIB supply in recent weeks, demonstrating significant community engagement. As a result, the overall market sentiment towards this meme coin has become more bullish amid the law of supply and demand. This change in sentiment is further supported by the impressive trading volume of $SHIB, which has risen over 109% over the previous 24 hours, reflecting a surge in interest from investors.
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XRP rose by 8% after NYDFS approved Ripple's RLUSD stablecoin
Ripple CEO Brad Garlinghouse promised to make an official announcement about the launch after RLUSD becomes available on exchanges. The price of Ripple's XRP surged by 8% on Wednesday after the NYDFS, the primary regulator of the cryptocurrency market in New York, granted final approval for the launch of the RLUSD stablecoin.
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$SHIB could reach $0.01
The current price of $SHIB is $0.00002622, but to reach the desired mark of $0.01, it needs to grow by a whopping 33,389%.
This ambitious goal has faced skepticism due to the massive circulating supply of $SHIB, which is measured in trillions.
Many analysts argue that such a price increase seems unrealistic without significant adjustments to the tokenomics.
This ambitious goal has faced skepticism due to the massive circulating supply of $SHIB, which is measured in trillions.
Many analysts argue that such a price increase seems unrealistic without significant adjustments to the tokenomics.