Shiba Inu's journey from crypto meme to capable crypto competitor, underscores the dynamic nature of the crypto market.Shiba Inu Drives Optimism With its low price and high speculative appeal, this makes it an attractive option for investors eyeing the crypto arena.featuring multiple week breakouts This, with significant developments in its ecosystem, Interestingly, the #shibaInu crypto community readjusted Sheboshi's supply right before launch, increasing it from 12,000 to 20,000. However, with the overwhelming popularity of the DN404 test token, its stock soon ran out. Shiba Inu's valuation has underperformed recently, down 4.5% on a weekly basis (according to CoinGecko data). Although it is far from its all-time high (recorded in 2021), the asset remains a topic of interest and is often the subject of bullish predictions. One estimate suggests a 51% rise in #shibaInu prices in the near future. As recently This was reported by CryptoPotato, the total transactions on the network exceeded 360 million, while wallet addresses approached 1.4 million. Those who want to learn more about #shibarium specifications Earlier this week, the burn rate spiked by more than 8,500%, resulting in approximately 86 million tokens being removed from circulation. Latest data shows more than 41% of SHIB's maximum supply has been wiped out. Shiba Inu Burn Rate Another element that might trigger an increase in the SHIB price is the successful implementation of the Shiba Inu burning mechanism. These programs reduce the supply of assets in circulation by a large amount, thereby making them rarer and potentially more valuable in time #Write2Earn #SHIBARMY #trandingtopix #SHIB
Polygon Unlocks Final Vested Tokens – MATIC Deflation Starts?
On Wednesday, February 21, the Polygon Foundation received the last portion of tokens they had from the vesting contract This unlock marks the final unlock that the Foundation will receive, meaning that the tokens they own from the vesting contract. In total, 273,304,816 million MATIC tokens worth $260 million were released into Foundation wallets, bringing the cryptocurrency's circulating supply to 9,618,318,574 of its 10,000,000,000 maximum supply. Polygon's market capitalization is just above $9.14 billion. The entire MATIC supply has been unlocked, meaning there will be no more tokens. which is turned off *MATIC follows a more dynamic supply model implemented by blockchain proof-of-stake. To load staking rewards, Polygon creates a new token known as “emission.” However, to balance the new coins generated from staking, a portion of the MATIC spent on gas fees is permanently removed from circulation through a burning mechanism. In other words, as long as there is capable transaction activity, the net impact of emissions and burning will reduce the total supply of MATIC. The total supply should remain stable or even fall. #Write2Earn #MATIC
$BNB BNB TO THE MOON#Write2Earn BNB to the moon US$380, Highest Binance's BNB Chain reported surpassing 1.2 million daily active users, demonstrating strong growth and scalability. BNB, which holds the position as the fourth-largest cryptocurrency by market capitalization, hit an impressive US$387 mark during the day, marking its first rise to that level since November 2022.Analysts expect the BNB Coin rally to continue to US$400 and beyond.In addition, Binance's consistent token burning initiatives are contributing to reducing the circulating supply of BNB, further strengthening its value proposition in the market.This surge represents a 7% increase over the past week, signaling new bullish sentiment among investors On February 21, the BNB Chain blog released a report titled “BNB Chain & the Web3 Blueprint,” announcing that the blockchain network had surpassed 1.2 million active users. $BNB