The PEPE Coin community is in a state of concern as the developer team moves a substantial number of coins to centralized exchanges, raising fears of a possible rug-pull situation.

PEPE Coin, the deflationary memecoin that took the cr•ypto world by storm earlier this year, has recently witnessed a surge in network activity. However, reports have surfaced that the developer team is offloading a significant porti of their holdings. #Positive

According to data from Etherscan, the PEPE team's wallet transferred a staggering 1 6 trillion PEPE tokens, equivalent to a whopping $15.08 million, to four cryptocurrency exchanges. As a result, the price of the PEPE token experienced a sharp decline of 15%. #pepe

Adding to the concerns, the PEPE multi-signature wallet underwent a change in configuration, raising eyebrows among investors. A total of 29 trillion PEPE tokens, amounting to 6.9% of the team's holdings, were moved to the exchanges.

While the motive behind these developments remains unclear, investors are understandably worried about the possibility of a rug-pull scenario. A rug pull refers to a deceptive scheme where cryptocurrency or NFT project develope v attract investments and then vanish, leaving investors with worthless assets.

However, some analysts, like @ethx_o, believe that this may not be a rug pull situation. According to @ethx_o, the majority of PEPE token holders are exchanges, minimizing the risk of a traditional rug pull. The token truly belongs to the community. #crypto2023

The Price of PEPE Takes a Hit, Falling 20%

Unsurprisingly, the recent developments have had a significant impact on the price of PEPE Coin, which has plummeted by 20%. Currently trading at $0.0000008749, the coin has been following a bearish trend for months and is likely to test its previous lows around $0.0000008 in June. Short- term forecasts suggest a negative outlook.

Despite the price decline, the underlying fundamentals of PEPE Coin remain strong. Etherscan data shows a steady increase in the number of token holders, nearing an impressive 140,000. This indicates that retail investors are still interested in acquiring the coin. As the value of $PEPE drops further, more investors may seize the opportunity to buy the dip and enter the market.

#pepe pepe #crypto2023 #BinanceTournament

Shiba Inu investors have long held on to the dream that SHIB would one day hit $0.01 or $0.001 price. The path that leads SHIB towards $0.01 or $0.001 is very narrow due to the cryptocurrency's enormous circulating supply.

At the time of writing this line, SHIB has a circulating supply of 589.33 trillion tokens. Despite SHIB's enormous circulating supply, investors still believe the token will hit the $0.01 or $0.001 levels someday.

Shibarium to Reduce SHIB Supply

This speculation surged tremendously following the mainnet launch of Shibarium, Shiba Inu's L2 blockchain. Although Shibarium encountered a technical issue during its launch, the network has the capacity to burn huge amounts of SHIB tokens if it goes live again, thus, reducing the circulating supply of SHIB. #Shibainu

Notably, users will be charged a small fee for initiating transactions on Shibarium, and a portion will be dedicated to burning SHIB. The token's scarcity over time due to burns could push the price toward $0.001 or $0.01.

Investors seeking to make huge gains when SHIB reaches $0.001 or $0.01 are expected to take advantage of the token's low price.

This article will highlight how much you need to invest in SHIB to make $1 million if the price hits $0.001 or $0.01.

$8,450 Might Turn $1 M If SHIB Hits $0.001

It bears mentioning that SHIB is currently changing hands at $0.00000845, up 0.2% over the past 24 hours. To become a millionaire if SHIB hits $0.001 , an investor would need to accumulate 1 billion SHIB tokens. #crypto2023

$8450 SHIB investment today

Getting 1 billion SHIB tokens at the current price of $8,450 would require an investment of $8,450. Thus, with an investment of $8,450 today, you can become a millionaire if SHIB reaches $0.001.

$845 Might Turn $1 M If SHIB Hits $0.01

Similarly, with an investment of $845, you could make $1 million if SHIB reaches $0.01. An investment of $845 at the current price of $0.0000845 would get you 100 million SHIB.

Therefore, if you hold on to the 100M tokens and SHIB price surges to $0.01 , your $845 investment today could turn into $1 million. #Shibainu Shibainu

It is important to note that the crypto market is highly volatile, and there is no guarantee that SHIB will ever reach $0.001 or $0.01. #cryptocurrency

#cryptocurrency Consequently, investors should seek advice from qualified financial advisors. This would help you determine whether investing in SHIB is a good move. $

#crypto2023

#Shibainu Shibainu

#BinanceTournament BinanceTournament

TrendingIt is no longer news that the crypto market is presently experiencing a spontaneous decline in activities and other significant market indices.

Amid the prevailing bearish market outlook, most crypto projects have struggled to remain afloat. Notedly top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), etc, were not spared from recording losses.

On the other hand, cryptocurrencies that seemed to show prospects of becoming a hit soon were also affected, with Shiba Inu (SHIB) appearing to be among a few of the most unlucky crypto projects.

Recall that the launch of Shibarium, Shiba Inu's Layer-2 scaling solution, coincided with the time the broad crypto market appeared exceedingly bleak.

In a nutshell, the present market state remains part of the reasons why the Shibarium's launch appeared not to meet the speculated hype before its launch.

Nevertheless, despite the declining market state, Shiba Inu enthusiasts seemed unperturbed. They continued speculating bullish sentiments on the coin's market value. The positive market outlook expressed by Shiba Inu enthusiasts could stem from keeping faith with Shibarium.

It is worth noting that 357 million SHIB tokens were removed permanently from Shiba Inu's Circulating pool within 24 hours of Shibarium's launch, this is a testimony of the technology's impact on improving Shiba Inu's market activities.

In light of Shiba Inu's positive price sentiment, we shall evaluate the investment sum required to accumulate $500,000 if Shiba Inu succeeds in hitting two of its highly speculated price targets.

At the time of writing, Shiba Inu's price is $0.00000843, and our calculations would revolve around this price

Required Amount To Make $500,000 If SHIB Hits $0.001

Making $500,000 if SHIB eventually hits the $0.001 price mark would require Shiba Inu holdings of 500 million tokens.

Purchasing 500 million tokens at SHIB's current price would cost $4,215. This implies a profit of about $495,785 for investors willing to invest in Shiba Inu at its current price

Required Amount To Make $500,000 If SHIB Hits $0.01

Should Shiba Inu attain a $0.01 price level,50 million SHIB tokens would sum up to $500,000. Investors hoping to leverage SHIB's current low price would only spend $4215 to purchase 50 million SHIB holdings.

Notably 50 million SHIB holdings would run in profit of $499,578.5 once Shiba Inu reaches the $0.01 price market.

Meanwhile, pera previous report, Del Crypto, a prominent crypto technical analyst, hinted that Shiba Inu's next bull run after the Ethereum congestion would propel the asset to $0.01.

On the other hand, David Gokhshter, Gokhshtein Media founder, recently said the $0.01 price point could be an impossible feat for thecryptocurrency citing its gargantuan supply.

As readers can see that there are contrary opinions from experts, this makes it essential for proper research before investing in digital assets as no speculated price point is certain.

*Disclaimer:

This content aims to enrich readers with Information Always conduct independent research and use discretionary funds before investing All buying, selling, and crypto asset investment activities are the responsibility of the reader

#crypto2023 #BinanceTournament $SHIB

#Shibainu

Safeguard your investments with thiscomprehensive guide to spotting crypto scams Learn the key indicators to avoid falling victim to fake cryptocurrency projects.

Cryptocurrency has become more than just a buzzword, it's part of the modern financial Landscape. But as interest in digital currencies skyrockets, the cryptocurrency landscape has attracted its fair share of scam projects: False Information scams, and exaggerated claims are all pitfalls that can catch out even seasoned crypto investors.

Identifying these bad actors is crucial for any investor looking to safeguard their investments. În this article, we dive deep into strategies for detecting fraudulent crypto projects, paying particular attention to essential factors, such as scrutinizing official channels for partnership Coinovationannouncements, among others.

Recently rumors began circulating on Twitter after a few unverified accounts claimed that Binance had entered a partnership with AlphaGPT a project with dubious credibility Unverified Twitter accounts propagated these claims, and the false Information quickly spread across social media platforms, creating a storm of fear uncertainty and doubt (FUD) against Binance.

Binance quickly responded, issuing a Twitter announcement to clear the air. Without naming. the project. Binance tweeted a clarification saying:

"We've been made aware of a scam project that has caught a lot of attention by lying about having a partnership with Binance Scammers often lie about partnerships to seem credible. Be careful, do your own research Real partnerships are announced on official Binance channels.

The Twitter storm that ensued is a reminder of the need for crypto enthusiasts to remain alert and cautious. Let's dive into the steps to detect a fraudulent project.

10 ways to Spot a Fake Crypto Project:

1. Research into the crypto project's team

The heart and soul of any legitimate project lies with its development team Ensure that you scrutinize the team behind the crypto project examining their professional background experience, and online presence. A transparent project will flaunt its team's qualifications and offer easy access to vital information. Beware of projects that lack transparency or where team members remain anonymous.

2.Double-Check partnership announcements on official channels

Scam projects may claim bogus partnerships in an attempt to deceive potential investors. Verify the project's partnership announcements by cross- checking information on both the project's and the alleged partner's official channels, such as websites and social media accounts Authentic partnerships will be disclosed on all parties" official communication platforms.

3. Critically analyze the white paper

An Informative, well-written whitepaper showcasing the project's goals, technology tokenomics, and roadmap is the building block of any genuine crypto endeavor. Be cautious of whitepapers that are vague, poorly structured.or make unrealistic promises. Don't hesitate to use plagiarism tools to check for copied content which may signify a lack of originality.

4. Scrutinize the tokenomics

The economic and incentive structure of a crypto project heavily influences its long-term prospects Pay close attention to token distribution details and make a mental note of the allocation for team members, investors, and marketing efforts Be cautious of projects where token distribution is overly centralized or dominated by the team as this might signal potential pump-and-dump tactics.

5. Evaluate social media and community engagement

Strong community involvement and an active online presence often speak to a project's potential for success. Scan social media platforms, forums, and community channels like Telegram and Discord to gauge the quality of engagement and discussions Steer clear of projects with minimal community interaction ora disproportionate focus on price speculation.

6. Track a crypto project's progress and development

Reliable projects time and resources into platform maintenance, codebase updates, and user engagement Review the project's Github repository for development activity, bug resolutions, and progress updates. Consistent development and a demonstrable track record contribute to a project's legitimacy.

7. Avoid hype projects

Avoid crypto projects that heavily rely on marketing gimmicks, celebrity endorsements, or guarantee high returns Aggressive marketing tactics and outlandish growth promises mightindicate a fraudulent scheme.

8.Check for regulatory compliance and legal documents

Serious crypto projects often abide by regional and international regulatory guidelines to ensure transparency and protect investors. Check for any legal information compliance details, or regulatory registrations on the project's website Projects that fail to provide legal documents or prove regulatory compliance should be viewed with skepticism.

9. Look into the cryptocurrency's use case

A legitimate crypto project will typically propose an innovative solution to a real-world problem Evaluate the project's use case and assess its potential contribution to the industry. If a proje lacks a clear purpose or seems implausible, it might be a scam.

10. Research independent reviews and expert opinions

Before investing in a crypto project, consult Independent reviews, expert opinions, and the cryptocurrency community at large. These reviews can provide valuable insights and context for evaluating the legitimacy of a potential investment. Keep in mind that opinions may vary so it's crucial to cross-reference multiple sources Additionally, watch for overly biased or biased negative sentiments, as they could be part of a paid promotion or orchestrated smear campaign.

Red Flags of a Scam Crypto Project

The ever-evolving cryptocurrency landscape continues to present enormous opportunities for investors and innovators alike. However,identifying and avoiding scams in this rapidly expanding market is of paramount importance By employing the essential tips and strategies mentioned in this article, investors can better safeguard their investments and invest wisely in legitimate projects. Always remember that comprehensive due diligence is the cornerstone of any successful investment in the cryptocurrency industry.

#scam #crypto2023