SHIB Burns Skyrocket as Shibarium Releases New Critical BONE Update
May 30, 202417:25 GMT+7
Data shared by the popular Shibburn platform has revealed that another multi-million SHIB lump has been transferred out of the circulating supply.

This has coincided with the major Shibarium update announced the day before.

SHIB burns jump 120%

The aforementioned data source stated that within the last 24 hours, the Shiba Inu community has removed several million SHIB into unspendable blockchain wallets and out of circulation. The 3,375,831 SHIB burned by the SHIB army have pushed the burn rate up substantially – 120%.

It took thirteen transactions to destroy that many meme coins. The two largest transfers here carried 1,247,614 and 1,045,751 SHIB.

So far, a total of 410,726,475,569,810 SHIB meme coins have been destroyed from the total supply of one quadrillion. 583,097,171,644,345 SHIB remains in circulation.Image via Shibburn

In May 2021, exactly three years ago, a tremendous SHIB burn took place – it was initiated by the Ethereum co-founder Vitalik Buterin. Back then, the mysterious creator of Shiba Inu known as Ryoshi sent half of the quadrillion supply (a whopping 500 trillion SHIB) to Vitalik as a gift and as a sign of respect.

🚀🚀🚀🚀$BNB

Binance Coin (BNB) is the native token of the Binance exchange. BNB has become one of the most popular crypto assets in the world, with a market capitalization of over $70 billion.

Bullish Scenario:

If the BNB price manages to break through the resistance at US$250, bullish momentum could form.

The bullish price target for the next 2 months could reach US$313

Strengthening conditions: positive news regarding the Binance project, increased community activity, and supportive macroeconomic factors

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$$#SHIB
Shiba Inu (SHIB), a memecoin that exploded in popularity in 2021, is still a hot topic of discussion among crypto investors. The question is, what are the prospects for SHIB for the next 2 months? Let's look at it through the lens of technical analysis.

Current Situation:

SHIB price currently (16 December 2023) is around US$0.000001014, down around 80% from its high point in October 2021.

The daily chart shows a short-term bearish trend, with the price forming a descending channel pattern.

The RSI (Relative Strength Index) indicator is in the oversold zone, indicating a potential oversold bounce.

MACD (Moving Average Convergence Divergence) is showing a bearish signal, but the bearish momentum is starting to weaken.

Bullish Scenario:

If SHIB price manages to break through the resistance at US$0.0000090, bullish momentum can be formed.

The bullish price target for the next 2 months could reach US$0.0000220.

Strengthening conditions: positive news regarding the Shibarium project, increased community activity, and supportive macroeconomic factors

At the time of this writing, December 13, 2023, the price of XRP is around $0.6071. XRP has experienced a significant price decline from its record high above $3.00 in January 2018. However, XRP has shown some positive signs in recent weeks, and some analysts believe that
$XRP $BNB $BTC

XRP

The price of XRP is currently at US$0.63 per coin. This price has experienced a significant increase in the last few months, after touching an all-time low in January 2023.

There are several factors that can influence the price of XRP in the next 2 months. One of the most important factors is the outcome of Ripple Labs' trial against the United States Securities and Exchange Commission (SEC). This trial has been ongoing for several years and will likely provide legal certainty for Ripple Labs and XRP.

If Ripple Labs wins the trial, this will be good news for XRP. This is because it will remove investors' doubts about XRP and potentially push the price of XRP up.

Another factor that can influence the price of XRP is the development of blockchain technology and cryptocurrencies in general. If blockchain and cryptocurrency technology continues to develop, this will increase investor interest in XRP.

Based on these factors, here are some XRP price predictions in the next 2 months:

Optimistic prediction: XRP price may reach the level of US$0.80 to US$1.00 per coin. This happens if Ripple Labs wins the trial and the development of blockchain and cryptocurrency technology continues to be positive.

Moderate prediction: XRP price may move around the US$0.60 to US$0.70 per coin level. This could happen if Ripple Labs wins the trial, but developments in blockchain and cryptocurrency technology are not very positive.

Pessimistic prediction: XRP price may fall to as low as US$0.50 to US$0.60 per coin. This happens if Ripple Labs loses in court or developments in blockchain and cryptocurrency technology are negative.
$BNB $BTC $XRP

#BTC🔥🔥 One of the factors that supports Bitcoin's bright prospects is halving. Halving is an event that occurs every four years, where the number of Bitcoins generated per block is cut in half. The last halving occurred in May 2020, and was followed by a significant increase in Bitcoin prices.

Analysts predict that the next halving, which will occur in May 2024, will have the same effect. Halving will reduce the available supply of Bitcoin, thereby increasing demand and price.

Another factor supporting Bitcoin's bright prospects is increasing institutional acceptance. More and more companies and financial institutions are investing in Bitcoin, including Tesla, MicroStrategy, and BlackRock.

Institutional acceptance shows that Bitcoin is increasingly viewed as a legitimate and safe asset. This may encourage more investors to invest in Bitcoin, thereby increasing its price.
$BTC $SHIB $BNB

1️⃣ First, in June, after a bearish trend, BTC formed a falling correction/pause, and then we experienced a shift in momentum from bearish to bullish.

2️⃣ Then, in mid-July, after a bullish trend, BTC formed a rising correction and then reversed.

3️⃣ In September, once again, BTC formed a falling correction and then traded higher.

🖊 We can clearly see that this pattern is playing out nicely on the BTC Daily chart.

4️⃣ If we apply the same logic to the current price action, BTC should be in a rising correction phase.

For it to be confirmed, we need BTC to reject the upper green trendline again and then break below the last low in green at 33,000. In this case, we will be expecting a bearish trend to start, reaching around the lower orange trendline at 29,000.
$BTC $BNB $XRP