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Ethereum Whale Withdraws $50 Million ETH from Binance Awaiting ETF
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When Can SHIB Reach 0.01 USD? The cryptocurrency market is a constant battlefield, with rising and falling forces causing eye-catching fluctuations in market capitalization. Shiba Inu (SHIB) exemplifies this volatility. Over the past 24 hours, SHIB has fallen by 3.57% and is currently trading at $0.00002459. SHIB's market capitalization also reflects this trend, standing at $14.77 billion. The "One Penny Dream" for Shiba Inu Many investors harbor the "One Penny Dream," a strong desire to see SHIB reach one cent per token, which could potentially turn them into millionaires. This goal transcends financial hopes and has become a cultural phenomenon, fueling the popularity of memes. However, the road to $0.01 is fraught with obstacles, leading to the important question: When can SHIB actually hit the 1-cent mark? Shiba Inu, known as the "Dogecoin Killer," is more than just a meme coin. It is a community-oriented project that has attracted millions of investors worldwide. Despite its popularity, SHIB is still far from its ambitious $0.01 target. The price movements of SHIB are influenced by many factors, including general market sentiment and the inherent volatility of meme coins. Challenges to Reaching 0.01 USD To reach $0.01, a significant reduction in the total supply of SHIB is necessary. With a circulating supply of over 589 trillion tokens, experts suggest that trillions of these will need to be burned. Despite the enthusiasm, major price prediction companies do not foresee Shiba Inu reaching $0.01 in the near future. The most optimistic forecasts suggest that SHIB could reach a price of $0.0001 by 2030. This cautious outlook highlights the significant challenges SHIB must overcome to reach the 1-cent milestone.#shiba⚡ #Shibalnu #binance $SHIB
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## FTX Reaches $200 Million Settlement with IRS Over Tax Bill FTX, the bankrupt cryptocurrency exchange, has reached a tentative settlement with its largest creditor, the US Internal Revenue Service (IRS). According to a June 3 filing, FTX and the IRS agreed to settle the tax dispute for $24 billion, down from an initial request of $44 billion. The deal is contingent on court approval of FTX's reorganization plan. Under the agreement, the IRS will receive $200 million in preferential tax payments within 60 days of the plan's approval, and $685 million in secondary claims, paid after customers and other creditors. The agreement covers all tax claims through October 31, 2022. FTX stated that the settlement reduces litigation risk and increases certainty of recovery for creditors and customers. While FTX does not deny the tax debt, it disputes the specific amount and reasons. They argued that funds misappropriated by former CEO Sam Bankman-Fried should not be taxed and disagreed with the employment tax calculation regarding the salaries of Bankman-Fried and other executives. FTX also contends that it had valid deductions and losses that the IRS disallowed due to lack of documentation. However, the IRS disagrees and is willing to fight in court. #StartInvestingInCrypto #binance
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# Three Altcoins to Hold for Becoming a Crypto Millionaire in 2024 With numerous new projects in the ecosystem, it's challenging to know where to start. Analysts recommend holding Pepe, Chainlink, and Rollblock due to their recent positive attention and market trends suggesting significant growth soon. #Pepe: 87% Increase in May Pepe saw an 87% price increase in May, becoming one of the top traded cryptocurrencies, surpassing Shiba Inu. Currently trading at $0.00001503 with a 24-hour trading volume of $1.68 billion, Pepe remains a strong contender. # Chainlink: Predicted 300% Increase Crypto analyst Poppe forecasts a 300% increase for Chainlink compared to Bitcoin, identifying a resistance level at $0.000447. Currently at $18.12, Chainlink has risen 27% over the past month and may hit $25 to $30 with continued market optimism. #Rollblock: 40% Gains Attracting Whales Rollblock's utility token, $RBLK, increased by 40% in May. As a GambleFi protocol, Rollblock combines blockchain with online casino operations, offering over 150 games with 20+ cryptocurrencies. It also provides passive income for $RBLK holders through staking rewards, creating a deflationary effect to increase token value. #Conclusion While these altcoins show promising potential, always conduct thorough research before investing. #StartInvestingInCrypto #binance #PEPE✈ #Chainlink $PEPE $LINK
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What is Hold Coin? Effective Hold Strategies What is Hold Coin? Hold coin refers to buying and holding an asset for a long period, believing its value will increase. The term "hold" or "hodl" originated from a Bitcointalk post in 2013 and has since become popular among cryptocurrency investors. Why Should You Hold Coin? 1. High Profit Potential: The right project can yield enormous profits. 2. Sustainable Income: Some coins can be staked or farmed, generating passive income. 3. Safety: Holding is considered safer than trading. 4. Less Need for Deep Knowledge: Requires less complex analysis compared to trading. Risks of Holding Coin 1. Psychological Factors: FOMO can lead to buying at high prices. Negative news and rumors can also influence decisions. 2. Price Volatility: Market fluctuations can cause anxiety and pressure. 3. Project Risks: Projects can fail, get hacked, or face legal issues, leading to significant losses. Guide to Safe Holding 1. Choose Reputable Projects: Opt for well-established projects like Bitcoin, Ethereum, and BNB. 2. Secure Storage: Use cold wallets like Ledger Nano S or non-custodial wallets like Metamask. 3. Two-Factor Authentication (2FA): Enhances security for your wallet. How to Optimize Profits when Holding 1. DCA (Dollar-Cost Averaging): Buy coins at different times to minimize price risk. 2. Staking and Farming: Utilize opportunities to generate passive income. 3. Launchpad: Participate in launchpads on exchanges to leverage compound interest. Successful Holders - Changpeng Zhao (CZ): Bought a significant amount of Bitcoin and BNB since 2014. - Vitalik Buterin: Creator of Ethereum, holding over 3,000 ETH. FAQs 1. When should you hold coin? - Hold during market downturns and use the DCA strategy. 2. Which coins should you hold? - Choose coins from reputable projects like Bitcoin, Ethereum, BNB. 3. How should you allocate your holdings? - 80% in safe coins, 20% in hidden gems. Conclusion This information is for informational purposes and not investment advice.#StartInvestingInCrypto #bnb #btc #etherreum $BTC $ETH $BNB
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