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#czbinance 🫡 #4 🔶 #Build 🏗️ #hold 💵 #safu 🔑
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🔥🔥🔥More than 130 Million Shiba Inu Tokens Destroyed as #SHIB Burn Rate Increases by 1300% Will the Price Rise? Memecoin #ShibaInu made headlines again today by rapidly increasing its burn rate by over 1300% when more than 130 million tokens were sent to burn wallets. A large amount of burning has occurred in the last 24 hours, and a significant amount of tokens have been burned in single transactions. As a result, the incident seems to have affected the price of SHIB in the short term, because its price increased by more than 6% during this period. After the recent price correction caused by global market sentiment and a drop to $ 0.000024, the beloved memecoin recovered and jumped to $ 0.00003, leaving investors hoping for an even higher move. More than 130 million SHIB tokens were sent to burn wallets In recent events, Shibburn, a dedicated Shiba Inu burn follower, has reported a large amount of SHIB burns on the last day. According to the data, exactly 135,451,536 SHIB (135.4 million) tokens were removed from circulation in twelve transactions. The Shiba Inu community continues to destroy a large amount of tokens every day in order to greatly reduce the number of tokens in circulation. This could potentially affect the price of SHIB, throwing it to different levels. It is noteworthy that about 24 hours ago, a wallet destroyed more than 91 million tokens in a single transaction. About 7 hours before that, two transactions were recorded that moved 12.4 million and 25 million shib. As a result of these important transfers, the combustion rate has shown a tremendous increase of 1344.14%. By the way, despite today's big pumping, investors have been on edge due to the extremely unpredictable movement of the token over the past few days. Dec.December. However, SHIB has exhibited bullish waves in the cryptocurrency ecosystem today, and memecoin's on-chain analytics indicate that there is strong Sunday growth for the token as of this writing. #Memecoins #binance
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🔥💥Dogecoin Price Prediction: Are DOGE Bull Whales ready to hit the scene? The price of #DOGE is consolidating in a narrow trading December around $ 0.20. This is a very important psychological level that existence exceeded two weeks ago. The last time DOGE rose above this level was in November 2021. In terms of metrics, DOGE is throwing up mixed numbers. On a monthly scale, the price increased by 20%, but since 24-hour trading volumes on the exchanges were also in the red, the market capitalization fell to $ 29 billion, from $ 2.2 billion to 9%. #Dogecoin Is 'Following the Plan’ Despite the consolidation, analysts believe the DOGE's next bull run will start sooner rather than later. The famous cryptotrader Rekt Capital suggests that the primary memecoin is undergoing a re-test phase at $0.20 per month. The analyst pointed out a downward wick displayed on the monthly chart, which means a retesting of a bullish flag pattern in the weekly time frame. The analyst had previously warned about volatility around $ 0.20. A successful break above such an important level will mean more upside potential, more specifically above $0.30. Other market watchers, such as Mikybull Crypto, share equally bullish views. Rekt Capital is not the only analyst predicting a bullish move for DOGE. While the father of all memecoins is consolidating, traders are predicting a price above $ 1, as the coin reflects previous cycles. As reported by Cryptopotato, some analysts believe that doge may be on the verge of a new rally towards new highs, targeting prices above $ 2, 9 and even $ 40. #Memecoins #binance
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🚀🚀🚀Ethena (ENA) Price Will Increase by 20% to Become a $2 Billion Asset, Is $2 the Next Target? The local cryptocurrency ENA of the Ethereum-based synthetic dollar protocol #ethena has risen by another 20% in the last 24 hours to $ 1.40. With the current Ethena(#ENA ) price increase, the altcoin has managed to quickly become a $2 billion asset class within a week. In addition, ENA's daily trading volume increased by 66% to $ 1.4 billion. Ethena Labs Increases Rewards by 50% Ethena Labs, "2. As part of the "Season" initiative, it announced a significant increase in rewards for its users. The platform increases rewards by 50% for select users who choose to lock ENA tokens for at least seven days. Users who lock at least 50% of their ENAS according to the balance of USDE, Ethena's stablecoin that provides returns, will be eligible for an enhanced reward increase. This move is aimed at encouraging user participation and strengthening the ecosystem of the platform. Initially, the ENA's key limit was set at $200 million, with possible adjustments in the future. However, the tokens allocated to the team and investors who are subject to the entitlement programs will not be eligible for the ENA lock. He hedged $500 million worth of Bitcoin on multiple exchanges in preparation for the Bitcoin halving. In addition, Ethena Labs has received approval to establish a USDeFRAX liquidity pool in cooperation with Frax Finance, which aims to expand the FRAX stablecoin's yield offerings. In addition, approval was given to the Singularity Roadmap proposal put forward by Ethena Labs. This development allows the protocols to set up the USDeFRAX Pool on Curve, a decentralized finance (DeFi) stablecoin exchange, with a ceiling of $ 250 million. #BullorBear #binance
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🔥💥DOGE, SHIB and PEPE soar amid Bitcoin's bull run: Is $100 billion market cap next? When Bitcoin [BTC] was on the rise, many memecoins and people painted their daily charts green, including top coins such as Dogecoin [#DOGE ], Shiba Inu [#SHIB ]. Meme coins have already created buzz in the crypto space as their value skyrockets in 2024, implying that their total market capitalization could reach $100 billion this year. Dogecoin, Shiba Inu and PEPE are growing rapidly According to CoinMarketCap and Doge, the price of the largest memecoin had increased by more than 5.5% in the last 24 hours and was trading at $0.207. The price of Shiba Inu also gained upward momentum, with its value increasing by 2.6%. At the time of writing, it was trading at $0.00002906. However, since its value increased by double digits, PEPE became the top earner among these Decrypts. The price of the meme coin has risen by over 13% in the last 24 hours and was trading at $0.000007902 with a market capitalization of over $3.32 billion Meanwhile, IntoTheBlock posted a tweet Decking out about how these meme coins have gone up this year. According to the tweet, DOGE will double its price in 2024, while SHIB has increased by 2.5 times and PEPE by about 5 times. This increase increased the market value of meme coin to $ 65 million. If the price pump continues, it won't be a long wait for meme coins to reach a market value of $ 100 million by the end of 2024. #pepe #Memecoins
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🔥🇭🇰China's largest funds prepare to apply for spot Bitcoin ETF in Hong Kong 🔥🇭🇰 According to recent reports, some of #China 's largest asset managers are using their Hong Kong subsidiaries to enter the Bitcoin ETF Sunday.CHINA'S LARGEST FUNDS ARE APPLYING FOR A SPOT BITCOIN ETF IN HONG KONG. The Securities Times reported on Monday that financial giants such as Harvest Fund and Southern Fund have filed applications through Hong Kong arms and are awaiting regulatory approval. The move reflects growing institutional interest despite China's previous hostility towards Bitcoin. The Harvest Fund manages total assets of over $230 billion, while the Southern Fund oversees over $280 billion. The approval of Bitcoin ETF products from such influential institutions can significantly validate Bitcoin in the eyes of both Chinese regulators and investors. This news is also a testament to the evolving landscape of Bitcoin in China. Despite its previous crackdown on Bitcoin trading and mining, the country is now witnessing a shift. While the mainland remained cautious, Hong Kong took a more open approach, attracting the attention of Chinese funds. By taking advantage of Hong Kong subsidiaries, large funds can be harmoniously exposed to Bitcoin. The location provides a legal loophole for Chinese companies to join the burgeoning Bitcoin asset class. Industry insiders are buzzing with anticipation as they anticipate a major milestone in Bitcoin. Hong Kong's first Bitcoin ETFs are potentially the 2nd of this year. It can start as early as a quarter. Financial leaders are clearly eager to meet the growing investor demand for Bitcoin access. Bitcoin etfs offer a regulated ramp for both institutional and retail players. #BTC #BullorBear #ETF
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