The year 2022 – “I will invest now and forget my investments until 2030,” said the average Joe, but ended up checking his crypto portfolio 30 times a day. The 2030 dream didn’t last for 20 or 30 weeks before he sold his holdings in disappointment. The ”I will hold the long term” is just an excuse for “I wish I can be a millionaire this year”.At first glance, the cryptocurrency market seems to be all about glam. News about truck drivers making millions with a $1000 investment provides comfort tha
Shiba Inu: How Many Years Will SHIB Take To Reach $1?
The Shiba Inu team confirmed on Monday that the Shibarium layer-2 network will begin burning SHIB tokens from January 2024. Read here to learn more details about how many SHIB tokens will be burned by Shibarium every year for a better and in-depth understanding.
According to the latest blog, 70% of the transaction fees initiated on Shibarium will be used to burn SHIB tokens. The rest 30% of the funds will be used to maintain the network helping it to run smoothly and efficiently.
Shibarium will collect fees in the governance Bone token, which is used as gas to conduct transactions on the network. Bone tokens will then be converted into SHIB automatically after it reaches a threshold of $25,000 in value. After the conversion is completed, Shibarium will burn SHIB tokens and permanently remove it from circulation.
However, now that Shibarium is confirmed to burn SHIB tokens, is there a possibility for Shiba Inu to reach $1? In this article, we will highlight how many years it could take for Shiba Inu to hit the $1 mark through burns from Shibarium.
Shiba Inu: How Long For SHIB To Reach $1?
If everything goes right and assume that Shibarium burns 3 trillion tokens every year, it would still not make SHIB reach $1 in our lifetime. The dynamics here come into play differently as the supply would remain plenty with demand being scarce.
For the context, Shiba Inu has 589 trillion tokens in circulation and hardly just 1.3 million holders. The adoption is not catching up with the circulation making its price to either dip or remain constant.
In conclusion, even if Shibarium burns 3 trillion SHIB tokens every year, it would take 98 years for Shiba Inu to reach $1. That’s simply not possible in our lifetime. However, if Shibarium manages to burn more than 100 trillion tokens per year, only then could Shiba Inu have any chances of hitting $1 before our lifetime. #SHIBFuture #SHIBSurge
59% of Crypto Projects Launched in 2024 Are Malicious?
According to a report from Blockaid, up to 59% of crypto projects launched in 2024 are harmful, notably including memecoins. According to the latest report from blockchain security company Blockaid, 2024 showed a concerning trend with 59% of newly issued tokens being malicious in nature. Cryptocurrency scams and fraud caused losses of up to $1.4 billion this year. The explosion of memecoins is considered one of the main contributing factors. Currently, 9 memecoins have reached a market capitaliz
HODLers Favor Memecoins Over Bitcoin, Binance Survey Finds
According to a recent user survey conducted by cryptocurrency exchange Binance, memecoin is becoming the most owned cryptocurrency, surpassing Bitcoin. According to a recent user survey conducted by cryptocurrency exchange Binance, memecoin is becoming the most owned cryptocurrency, surpassing Bitcoin. The survey results, published on December 18 in the Binance Global User Survey report, showed that 16% of respondents own memecoin, making it the most popular cryptocurrency in investors’ wallets.
The Reason Behind Bitcoin’s $8,000 Drop in Just a Few Hours
Bitcoin has plummeted from $108,000 to $100,000, down $8,000 in just a few hours, after the FED signaled it would pause its rate cut policy in 2025. The US Federal Reserve (FED) has just made its third consecutive interest rate cut, this time by 25 basis points. However, unlike the previous times in the past few months, the cryptocurrency market, including Bitcoin, immediately fell after this announcement. Bitcoin plummeted, hitting a multi-day low of $100,000, down from $108,300 in just one day
Whales Take Profits as 5.8 Billion Dogecoin Reactivates
A whopping 5.8 billion Dogecoin tokens have been moved in the past 24 hours, signaling potential profit-taking by whales. On-chain data shared by technical analyst Ali Martinez shows that dormant Dogecoin (DOGE) tokens have suddenly become active again, with 5.8 billion tokens transferred over the past 24 hours. This notable reactivation coincides with a sharp increase in the Age Consumed metric, a metric that tracks the movement of coins that have been dormant for a long time. Specifically, Mar
Ripple (XRP) to Launch RLUSD Stablecoin on December 17
Ripple Labs says it will launch its RLUSD stablecoin on December 17 on several crypto exchanges, according to a Monday announcement. The company is also adding two high-profile former central bankers to its stablecoin advisory board to help with the rollout process. Ripple Labs will enlist an independent auditing firm to create attestations of RLUSD reserve assets and then publish them monthly. The Ripple stablecoin has seen plenty of hype around it since Ripple’s unveiling announcement earlier
Changpeng Zhao (CZ), CEO of Binance, reminded his followers on the X platform of Binance’s $500 million investment in Elon Musk’s Twitter acquisition. CZ also highlighted Binance’s early and public support for Musk’s bold move, commenting, “Happy to be part of this cause,” along with a screenshot of the Investopedia headline. When Elon Musk finalized his $44 billion acquisition of Twitter in late 2022, initial public reactions were mixed. Musk’s plan to restructure Twitter and turn it into an “a
What is an AI Agent? Top 5 Notable AI Agent Projects
AI Agent is an emerging concept that utilizes machine learning and deep learning technologies to develop an automated bot model, assisting users in performing tasks more easily. 1. What is an AI Agents? AI Agent is an automated software system powered by artificial intelligence (AI) to perform tasks on behalf of users. They are developed using algorithms that primarily leverage two major models: machine learning and deep learning. AI Agents are capable of making decisions, responding flexibly, a
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Binance Announces Listing of Movement (MOVE) – the Third Project on Airdrops Portal
Binance exchange has announced the listing of Movement at 13:00 UTC on December 9, 2024. This is also the third project to be featured on the Binance Airdrops Portal.
Binance has officially announced its latest airdrop and listing project, Movement (MOVE), on the Binance Airdrops Portal.
Users who staked BNB on Binance Simple Earn were eligible to receive the airdrop during the period from 00:00 UTC on December 2 to 23:59 UTC on December 5, 2024.
MOVE tokens will be distributed to users’ Spot Wallets one hour before trading begins.
Binance will officially list MOVE at 13:00 UTC on December 9, 2024, with the following trading pairs:
MOVE/BTC
MOVE/USDT
MOVE/BNB
MOVE/FDUSD
MOVE/TRY
Stake BNB on Binance
About Movement (MOVE):
Movement is an innovative blockchain network supporting multiple layer-1 and layer-2 blockchains on the Ethereum platform. It is developed using the Move programming language, similar to SUI and Aptos, and has successfully raised $41.4 million in funding.
MOVE Token Details
Total Maximum Supply: 10 billion MOVE
Airdrop Rewards for Holders: 200 million MOVE (2% of total supply)
Planned Additional Allocation: 5% of the total supply will be distributed through Launchpool six months after listing.
Circulating Supply at Listing: 2.25 billion MOVE (22.5% of total supply)
Smart Contract on Ethereum: 0x3073f7aAA4DB83f95e9FFf17424F71D4751a3073 #BinanceHODLerMOVE
“Tap to Earn” Trend on Telegram Loses Steam Despite Active Market
Despite the strong growth wave in the cryptocurrency market, tap-to-earn games on the Telegram platform are witnessing a concerning decline in users. According to data from Google Trends, searches for “tap-to-earn” have dropped by a staggering 80% between June and December 2024, reflecting a significant decline in community interest. This suggests that players and investors may be shifting their focus to other opportunities within the cryptocurrency market. Popular Telegram games such as Hamster
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Trump’s Crypto Czar is All-In on Solana: Will 2025 be a Record Year?
Donald Trump’s recent appointment to be his White House AI and crypto czar, David Sacks, has proven to be all-in on Solana, with many traders expecting 2025 to be a record year for SOL. Indeed, the former PayPal executive has been open about his belief in the cryptocurrency. A co-host of the All-In podcast, Sacks publicly disclosed SOL holdings in 2021. Just two years later, he referred to Solana as the “biggest turnaround,” while noting that he did not sell the asset following the collapse of F
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Binance Announces Listing of Across Protocol (ACX) and Orca (ORCA)
The Binance exchange has announced the listing of Across Protocol (ACX) and Orca (ORCA) at 13:00 (UTC) on December 6, 2024. Binance has announced that it will list Across Protocol (ACX) and Orca (ORCA), and will open trading for the following spot pairs: ACX/USDTORCA/USDT Details: Trading Start Time: December 6, 2024, at 13:00 (UTC)Withdrawal Start Time: December 7, 2024, at 13:00 (UTC)Listing Fee: 0 BNB Smart Contract Addresses: Across Protocol (Ethereum): 0x44108f0223A3C3028F5Fe7AEC7f9bb2E66be