Can Shiba Inu( SHIB) Reach to $1 🦊
Examining the Possibility of Shiba Inu Reaching
$1: A Detailed Analysis
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In this analysis conducted on March 5, 2024, Shiba Inu (SHIB) is currently ranked 10th with a market cap of $25.34 billion and a circulation supply of 589.29 trillion. Notably, its maximum supply is undisclosed, posing a negative aspect. The theoretical price per Shiba is approximately $0.000043, derived from the current market cap and supply.
To reach $1, Shiba's market cap would need to be an astronomical $589.29 trillion, an unattainable figure considering the entire crypto market's total cap is $2.52 trillion. Reducing the supply to match the current market cap is equally implausible.
Despite aggressive coin burning efforts by the Shiba Inu team, evidenced by the monthly burn of 9.9 billion Shib, reaching $1 seems unachievable. The calculations suggest that burning 589.26465 trillion Shiba would take an impractical timeframe of 4,960 years.
In conclusion, while a $1 valuation appears impossible, holding Shiba may still prove beneficial due to the team's committed coin burning strategy. Stay informed for updates and consider long-term growth opportunities.
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BREAKING NEWS 🚨 Japan's largest electricity provider, Tokyo Electric Power, is harnessing Renewable Energy for #Bitcoin mining! 🌞💰
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This pioneering move not only supports Sustainable Energy but also leverages excess power for #CryptoMining .
A win-win for #GreenEnergy and #Blockchain innovation! 🌍💻
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MakerDAO Wants to Be Compliant Rather Than Centralized
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MakerDAO’s rebranding to Sky has diehard decentralized finance fans worried, but expert claims the move was necessary for the platform.
On Aug. 27, MakerDAO founder Rune Christensen announced that the DeFi platform will rebrand as Sky. The protocol’s Dai (DAI) stablecoin will be upgraded to Sky Dollar (USDS) and its governance token, Maker (MKR), will transition to SKY.
One thing made DeFi fans worried; the freeze function that comes with the USDS stablecoin.
“It’s less about centralization and more about being compliant,” Sean Lee, co-founder and chief strategy officer at IDA, told crypto.news.
Lee, whose company is also launching a Hong Kong-regulated stablecoin, says that if a stablecoin doesn’t have a freeze function, it will be used for illegal activities.
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Ethereum Foundation Offloads 450 ETH in Latest Sale
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The Ethereum Foundation has kept up its streak of selling ETH this year, most recently offloading 450 ETH for 1.029 million DAI.
According to the analytics platform SpotOnChain, on Sept. 9, the Ethereum Foundation, the main non-profit organization supporting the Ethereum blockchain, shed 450 ETH from its holdings and swapped it for the stablecoin DAI.
🚨🚨 After Vitalik, the Ethereum Foundation is the next to sell $ETH !Just 10 minutes ago, the #EthereumFoundation sold 450 $ETH for 1.029M $DAI.In total, they’ve sold 550 $ETH ($1.28M) at an average price of $2,324 in the past 4 days.Follow @spotonchain for more updates… https://t.co/d2bP0WLo9C pic.twitter.com/cjgFvMeOvw
— Spot On Chain (@spotonchain) September 9, 2024
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Solana Scammers Are Burning Tokens from Inside User Wallets
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Scammers operating on the Solana (SOL) blockchain have found a way to exploit accounts by burning SOL tokens from user wallets. According to reports, scammers can burn tokens within a few seconds of a successful purchase.
A member of the Jupiter Core Working Group, which is based on the Solana network, highlighted the situation. In an X thread, Slorg wrote:
“Imagine you swap for a token and the wallet history confirms that you received it. But then you look inside and nothing shows up.”
Slorg explained that a Jupiter Community Member experienced this and reached out for help. An investigation via the Solscan explorer platform revealed that a burn transaction occurred “only 7 seconds” after the swap. This indicates that the swap was successfully completed, but tokens were burned right after.
Solana’s Permanent Delegate Feature
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Ethereum Foundation to Release Financial Report Amid Community Concerns Over Spending
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Ethereum Foundation holds $650M, spends $100M annually, aims for 10-year financial runway.
Community demands transparency as Foundation plans to publish a financial report soon.
Recent 35,000 ETH transfer was part of treasury management, not immediate sales.
The Ethereum Foundation is set to release a financial report soon, addressing the community’s growing concerns regarding its spending habits and financial transparency.
According to Justin Drake, a prominent Ethereum researcher, the Foundation currently holds approximately $650 million in its main wallet and spends around $100 million annually.
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WadzPay’s Future Involves Major Top-Tier Events, WTK Enthusiast Highlights the Project’s Forward-...
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Altseason’s impending arrival raises hopes for altcoin projects to boom in Q4.
Bitcoin Halving years have always experienced a bullish Q4, WadzPay expects to pump.
The project is participating in highly bullish events in Q4 including the launch of WPC.
As expectations grow for a number of crypto projects with the approaching bullish Q4, many altcoins could pump parabolically in what is anticipated to be a bullish altseason in the coming months. One of these projects could be WadzPay (WTK), the community expects to see a major upturn for the crypto project.
What's Next for WadzPay
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MATIC coin, namely polygon, will be delisted on all$MATIC
$exchanges
What Should Matic Holders Do?
For Matic coin holders, the good news is that there is no need for manual action during this transition. Matic assets on the Polygon PoS network will automatically be converted to POL coins at a 1:1 ratio. This means 1 Matic will be swapped for 1 POL, ensuring a seamless process without impacting users’ existing assets.
What is POL Coin, and How Does it Differ from Matic?
POL retains Matic’s current structure and its 10
billion token supply. However, it’s more than just a name change. POL plays a crucial role in strengthening Polygon’s ecosystem. It will be central to Polygon 2.0, actively participating in core features like staking, community ownership, and governance.
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Solana surge alert: Why traders should brace for a 25% hike
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SOL’s RSI has formed a bullish divergence that signals a potential trend reversal.👇👇👇
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Ethereum Supply Increases by Over 15,000 ETH in the Past Week!
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💥 Ethereum’s net supply just increased by over 15,000 ETH in the last seven days—so what does this mean for traders and investors? Let’s take a closer look! 💡
Ethereum’s Supply Surge Explained 📊
According to data from Ultrasound.money, Ethereum’s net supply rose by 15,667.63 ETH in just the past week. During this period, the total supply grew by about 18,171 ETH, while 1,757 ETH were burned through Ethereum’s burn mechanism.
The Burn Mechanism 🔥
Ethereum’s burn mechanism, introduced with the EIP-1559 upgrade, ensures that a portion of the transaction fees is burned, removing ETH from circulation. This is designed to offset inflation and potentially reduce Ethereum’s overall supply over time.
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Bitcoin Reaches $55k As Exchange Net Flows Plunge
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Bitcoin is back to the psychological $55,000 zone amid declining on-chain activity on exchanges.
Bitcoin (BTC) is up 0.9% in the past 24 hours and is trading at $55,000 at the time of writing. The leading cryptocurrency briefly fell to an intraday low of $53,650 on Sept. 8 as bearish sentiment dominated the crypto market.
Bitcoin price, RSI and exchange activity – Sept. 9 | Source: Santiment
Moreover, BTC’s daily trading volume increased by 33%, reaching $22 billion.
You might also like: Quant, Cardano prices rise as wallet activity spikes: Santiment
According to data provided by Santiment, Bitcoin witnessed a daily exchange inflow of 68,470 BTC on Sept. 7, before taking a deep dive below the $54,000 mark. Data shows a 68% decline in the asset’s inflows over the past two days, currently sitting at 21,742 BTC.
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Arthur Hayes Says Bitcoin (BTC) is Crashing Below $50K This Weekend, but What Can You Do To Hedge?
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SPONSORED POST*
The crypto market’s poor performance has seen Arthur Hayes, the founder of Bitmex, predict that Bitcoin (BTC) might slump below $50,000 this weekend. 
Meanwhile, RCO Finance (RCOF), an emerging Ethereum token, has gained ground in the crypto market after securing over $1.79 million during its ongoing pre-sale.
Why does Arthur Hayes believe Bitcoin could plunge below $50,000, and why is RCO Finance defying the bearish trend in the crypto market? Read on to find out!
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Schumer Prioritizes AI Over Cryptocurrency Legislation
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Senate Majority Leader Chuck Schumer recently outlined his top legislative priorities for the remainder of Congress in a letter to his Senate colleagues. Notably, cryptocurrency legislation, which Schumer had previously described as a key issue, was absent from the list. Instead, Schumer emphasized artificial intelligence (AI) as a primary focus for bipartisan legislation, sparking concerns …
Continue reading "Schumer Prioritizes AI Over Cryptocurrency Legislation"
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ETF Bloodbath! Bitcoin Lost $706M in a Week, Ether Drained By $91M
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Bitcoin (BTC) and Ethereum (ETH) linked exchange-traded funds (ETF) outflows are hitting the roof posing a direct impact on the digital assets market.
BTC ETFs saw a massive $170 million withdrawal on September 6, dragging the cumulative weekly outflow toll to $706 million. Ether ETFs are not safe either, as they saw outflows of more than $91 million in the same period.
Rising market volatility and global economic uncertainty, like higher interest rate expectations, have pushed even seasoned investors to rethink their positions. Bitcoin price has dropped by over 5% in the last 7 days to hover around the $55,000 mark.
Bitcoin ETFs sheds $706 million
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Top 5 Sub-$1 Cryptos With Massive Growth Potential in 2024
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The number of cryptocurrency development projects is constantly growing, but XRP, Polygon, and Decentraland are some of the most notable. These digital assets are not only disrupting finance but also reshaping our relationships with virtual reality and decentralized markets.
XRP: The Blockchain Efficiency Champion.
Current market:$0.5272
Market cap:$29.6B
XRP, which Ripple Initiates, features swift and cheap dealings that are useful in international transactions. XRPL is a publicly open-sourced, ever-expanding blockchain with enhanced transaction completion time and more
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$SHIB To Keep SHIB at $1, $10 Trillion USDT Must Be Printed
$PEPE $SHIB #CPI_BTC_Watch
To Keep SHIB at $1, $10 Trillion USDT Must Be Printed
The idea of Shiba Inu (SHIB) reaching a value of $1 is an exciting prospect for its holders, but achieving this price point involves significant economic challenges. One potential solution often suggested is increasing liquidity through stablecoins like Tether (USDT), while another involves reducing SHIB's circulating supply.
Why $10 Trillion USDT Would Be Required
For SHIB to reach a value of $1, the total market capitalization of SHIB would need to equal or surpass its circulating supply, which currently stands at over 589 trillion tokens. To achieve a $1 price per token, the market value would need to be $589 trillion.
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Top 5 Sub-$1 Cryptos You Can’t Afford to Miss in 2024! 💰🔥
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🚀 Top 5 Sub-$1 Cryptos with Massive Growth Potential in 2024 🚀
🔹 XRP: The Blockchain Efficiency Champion
$XRP
XRP
0.5325
+0.32%
Price: $0.5272 | Market Cap: $29.6B
XRP dominates cross-border payments with lightning-fast transaction times of 3-5 seconds and the power to handle 1,500 transactions per second! Its eco-friendly, decentralized ledger has processed over 70 million transactions, making it a leader in decentralized finance. XRP is set to revolutionize the future of global payments.
🔹 Polygon (MATIC): Scaling Ethereum for the Future
Price: $0.3729 | Market Cap: $1.7B
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$SHIB $PEPE $SOL Shiba Inu (SHIB) vs. Pepe Coin (PEPE): Who Will Hit $0.01 First? 🚨
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🚨 Shiba Inu (SHIB) vs. Pepe Coin (PEPE): Who Will Hit $0.01 First? 🚨
Shiba Inu (SHIB) needs a 99,900% surge to reach $0.01, a theoretically achievable target given its established use cases and ongoing developments. SHIB is gearing up for a major leap with its Shibarium layer-2 network, metaverse project, and burn mechanism designed to reduce its supply over time. Currently trading at $0.00001000, SHIB has shown recent gains and a solid roadmap that boosts its prospects.
Pepe Coin (PEPE) faces a monumental 970,773.79% increase to hit $0.01, a steep climb compounded by its nascent stage. With limited use cases and liquidity concerns, PEPE’s rise depends heavily on speculative interest rather than foundational developments. As of now, it trades at $0.00000103 and has recently experienced a 22% drop, reflecting its current market volatility and uncertainty.
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XRP’s Massive Rise to $250 and $350: How Long Will It Take?
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Could XRP really reach $250 or even $350? It sounds unbelievable, but in the fast-moving world of crypto, it’s possible! Let’s take a closer look:
XRP to $250: A 44,463% rise! For this to happen, Ripple’s technology would need global adoption by financial institutions and central banks, using XRP for cross-border payments. Regulatory clarity will be key. The timeline for this could be around 10-20 years.
XRP to $350: A 62,288% increase! This would require XRP to become a major player in global finance, powering DeFi, smart contracts, and more. A complete shift in the global financial system could make this possible, potentially over the next 20-30 years.
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$XRP
XRP Ledger to Launch Tokenized US Treasury Bills Through OpenEden Collab – Copy
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Ripple’s XRP Ledger Collaborates with OpenEden to launch tokenized US treasury bills.
Ripple is expanding the utility of its XRP Ledger (XRPL) by offering tokenized US Treasury bills (T-bills) onto the platform. The significant move is a part of Ripple’s partnership with OpenEden, a leading provider of tokenized real-world assets (RWA).
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