Shiba Inu Burn Rate Goes Up: Can SHIB Hit $0.01?
Shiba Inu Burn Rate Jumps 1,250%: SHIB To Reach $0.01?
The Shiba Inu burn rate skyrocketed 1,250% on Friday leading to its price briefly surge by 1.6% in the day’s trade. The latest data from SHIB Burn shows that a wallet has burned 22.7 million tokens while two other wallets have initiated burns of more than 1.3 million tokens.
This development is refreshing, as the burns have dried up recently, with only a few hundred thousand being sent to the dead wallet.
Now that Shiba Inu burns have kick-started, will its price move toward the $0.01 mark? This article will highlight how the burns are essential in pushing SHIB’s price up in the charts.
The burn rate of 1,250% will not drive Shiba Inu’s price toward the $0.01 mark. In the last 24 hours, not more than 32 million SHIB tokens have been sent to the dead wallet.
To clarify, 32 million tokens are worth less than $500, with SHIB’s price at $0.000014.
These make little to no changes to Shiba Inu’s prospects, and the $0.01 milestone is a faraway dream. For SHIB to reach $0.01, burns need to be in trillions, not millions or billions. Yes, trillions of SHIB tokens need to be burned every day for the dog-themed token to even consider moving towards the $0.01 mark.
Explore a realistic price prediction for when SHIB might hit the $0.01 milestone. The prediction is for the long term and requires decades of patience to reach the target.
Waiting for decades is not everyone’s cup of tea, as life demands that money be withheld for personal reasons. Those who genuinely wait for the long term might reap all the rewards in their lifetime.
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Is Everything Starting Over Again? Why Is Bitcoin Rising?
Julio Moreno, who works at CryptoQuant, said the following in his X post on August 24:
Bitcoin demand in the US increased today as the Fed signaled the start of a cycle of lower interest rates.
This view put forward by Moreno was based on the Coinbase Premium Index, which shows the difference between the Bitcoin price on Coinbase Pro and Binance, and the demand difference between investors outside the US and investors in the US.
The indicator was seen to have reached its highest level since July 15 and had a value of 0.0114. While a positive outlook indicates buying pressure, a negative outlook indicates that a sell-off may already be taking place. Just before August 5, when Bitcoin's price fell incredibly and fell below $ 50,000, the Coinbase Premium indicator had fallen below -0.10.
According to data provided by CoinMarketCap, as of writing time, Bitcoin has found buyers at $64,281 after a 5.46% increase since August 23. The price of Bitcoin reached $64,769 last seen on August 2 during the night and then in the morning hours, and then visited $65,000 in the futures market.
Just hours before the announcement that the minutes would be shared by the Fed, Bitcoin was finding buyers around $60,000, and miners were concerned about potential selling pressure due to the cost of Bitcoin mining remaining at $72,224.
Crypto analyst Will Clemente made the following statement on August 23:
There are still 7 days left in the month, but it is impossible to deny that the market has been seeing BTC under $60,000 as value for 6 months.
Elon Musk Sparks Dogecoin Frenzy! 🐕🤯💥📈
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🚀💥 Elon Musk just set the Dogecoin community on fire with a tweet that’s got everyone buzzing! In a bold and surprising move, Musk tweeted: *"Dogecoin is the people's crypto."* 🌕🐕 This simple yet powerful message didn’t just capture the attention of crypto enthusiasts—it sent Dogecoin's value skyrocketing!
Musk’s tweet is a game-changer for Dogecoin, the cryptocurrency that started as a meme but has since gained a massive following, thanks in part to Musk's playful endorsements. This latest tweet has reignited excitement and speculation about Dogecoin's future. 📈💸
The reaction was instant and electric! Dogecoin’s market saw a significant surge as fans and investors scrambled to get a piece of the action. Musk’s endorsement reaffirms his support for the coin, leading many to wonder if this signals even bigger things on the horizon for Dogecoin.
💪🔮The crypto world is now buzzing with theories about potential new developments, partnerships, or even more endorsements from Musk. High-profile figures like him have the power to create massive shifts in the market, and this tweet is a prime example of that influence.
🔍📊As Dogecoin fans celebrate this unexpected boost, the entire crypto market is on edge, eagerly waiting to see how this will unfold. Stay tuned—this could be the next big chapter in Dogecoin’s incredible journey! 🚀✨
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🚀 Momentum Alert! 🚀I've been closely watching $DYM, and it’s finally breaking free from its low-value phase! The gap has been filled, signaling a surge in momentum. We could be on the brink of an exciting new growth phase—stay tuned for the next big move!But that’s not all. I’m eyeing $TNSR and $XAI as well. Both projects are currently undervalued and could be golden opportunities for those in the know. Don’t miss out on these potential gems!🗳️ Your vote matters! Voting is still open, and your input is crucial. Head to my profile, cast your vote, and help shape the future of the crypto market!👉 [Click here to VOTE and Follow on My Profile](#)Your vote is invaluable—let’s make it count!#Write2Earn #CryptoMarketMoves #BinanceBlockchainWeek #LowestCPI2021 #raibasit
$RARE
🔴Trade Signal: $RARE /USDT
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ENTER SHORT TRADE
Entry Zone: 0.27 - 0.26 USDT
The price is currently in a strong resistance zone, indicating a potential reversal or bearish momentum.
⚠️Stop-Loss
0.29 USDT
Set your stop-loss above the resistance zone to limit potential losses.
Immediate Profit Target
Target 1: 0.23 USDT
This is the next support level where you might consider taking some profit. A breakdown below this level could signal a stronger downward trend.
Additional Profit Targets
Target 2: 0.20 USDT
For aggressive traders, this is an additional profit zone based on wave structure predictions. Patience is key.
Chart Insights
This chart follows an Elliot Wave structure, signaling a potential bearish continuation.
The price has tapped into a Fair Value Gap (FVG), offering a strong entry point.
⚠️ Risk Management
Always use proper risk management, setting stop-losses according to your risk tolerance.
Potential pullbacks may occur, especially at major support zones. Watch for Wave 3 as it pushes downwards.
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What’s next after yesterday PUMP?
Hello to all my friends, since too many of my friends asking me about BTC, so I’ll do a quick analysis here. From my last updates, I predicted BTC pump to 64-65K. And yes BTC successfully pump to 65K yesterday after Mr. Powell speech.
So will BTC keep continue pump back to 70K soon or later? From my POV, I don’t really think BTC can pump back up to 70K area. I don’t see BTC pump because of recovery. Politics always fool the market. I see this pump as a manipulation. As I said before, the whales will always fool players by giving them hopes. And with this pump, players and market should started believes that BTC had already recover.
In this case, we have to stay even more focus about the price they played and manipulate. In my opinion, BTC might still continue pump to 67-68K but not 70K. This pump to 65K is coming too fast, therefore, BTC might continue pump back to 67K level. Then only followed by a drop.
Last but not least, I suggested stay away from market these two days because we can’t make 100% correct predictions. But if you asking for my opinion, here’s my POV, set a SHORT position around 67-68K. If you don’t have any position right now, just stay calm and wait for the chance. Market will always give you chances if you have enough capital, so you don’t have to risk your capital with this manipulation.
I hope you enjoy my analysis and it’s helpful for you. If you agree with my analysis, don’t forget to like, share and comment below. You may also just hit the follow button so that you won’t miss my post. Lastly, you may also drop me a comment if you looking for joining my personal groups. Have a good day and all the best in 2024. Peace and love ❤️
$SUN is on Fire! 🔥Looks like #SUN is the hottest coin of the day, 🌞😎 up a massive 60% with over $570 million in trading volume.
This surge is likely fueled by the recent hype surrounding $TRX , #SunPump , and its memecoins.
But before you jump in, be aware of these red flags: 💻😤
⛔ Binance's Monitoring Tag: This is a warning sign that SUN might be at risk of manipulation or other issues. 🙊
⛔ Large Holder Concentration: A small group of whales controls a significant portion of SUN, which could make the price more volatile. 🪤
While the gains are tempting, it's important to trade cautiously and be aware of the risks involved. ⛑️🛠️
What do you think? Is SUN's rally sustainable, or is it just a pump and dump? Let's discuss! DYOR! #Altcoins #Binance
Pepe Unchained ICO Hits $10M – Is a Price Boom Incoming After Viral Presale?
Investors are piling into the Pepe Unchained presale – the total raise is now above $10 million. Market commentators have noted its expediting momentum and speculate that continued growth could occur into the exchange launch.
But right now, the presale is ongoing and is available to buy at $0.0092364.
$PEPU is a diversified meme coin and L2 investment
It will be the first Pepe-themed meme coin with its blockchain. The team is building an Ethereum layer 2 that connects to the main network with a dedicated bridge. It’ll be like using Ethereum except 100x faster, much cheaper, and designed specifically for meme coins.
The concept is unique to Pepe Unchained. No other project combines blockchain technology with grassroots culture in this way.
Pepe Unchained leapfrogs Ethereum’s high fees and low speeds, and unlike its fellow layer 2 blockchains, such as Arbitrum and Polygon, it has retail-friendly branding. Decentralized finance, smart contracts, interoperability, bridging, etc. – these are all complicated concepts to understand.
That’s why simplistic meme coins like Dogecoin and Pepe are often referred to as “the gateway for retail.” They are charming, inviting, and a soft landing for those new to the industry.
Users will start with the basics, like “What meme coin should I invest in?” and only later will they scratch beneath the surface.
Pepe Unchained is the meeting point of these two worlds. It will attract crypto newcomers with its meme coin allure, but they’ll hang around after learning about its inner workings.
And because Pepe Unchained has low fees, it’s much more welcoming to beginners than Ethereum, which can sometimes charge over $100 for a single transaction.
Investors are earning big profits from staking Pepe unchained at presale
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All time I mentioned You guys, $DYM was facing low value and has now filled the gap, signaling a strong Up Momentum. This could be the start of a new growth phase, so stay tuned for what’s coming next! Exciting times ahead!
Looking forward, I see great potential in $TNSR and $XAI . These projects seem to be highly undervalued right now, making them promising opportunities for savvy investors.
Don’t forget, voting is still open, and your input is essential. Head to the profile and make your vote count ..
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NEAR (Near Protocol) is the native cryptocurrency of the Near Protocol, a decentralized, sharded, proof-of-stake (PoS) blockchain platform focused on scalability, usability, and sustainability. Here are some key points about NEAR:$NEAR
_Key Features:_
1. _Sharded architecture_: NEAR uses sharding to increase scalability and transaction capacity.
2. _Proof-of-stake (PoS) consensus_: NEAR utilizes PoS consensus for energy efficiency and reduced centralization.
3. _Decentralized application (dApp) support_: NEAR supports the development and deployment of dApps.
4. _Limited supply_: The total supply of NEAR coins is capped at 1,000,000,000 tokens.
_Use Cases:_
1. _Decentralized application (dApp) development_
2. _Gaming and metaverse applications_
3. _Decentralized finance (DeFi) applications_
4. _Staking and validation_
_Benefits:_
1. _Scalable and sustainable blockchain solutions_
2. _Energy-efficient PoS consensus_
3. _Support for dApp innovation_
4. _Potential for value appreciation_
Near Protocol aims to provide a scalable, usable, and sustainable blockchain platform, enabling fast and secure transactions, dApp innovation, and a robust developer ecosystem, with NEAR playing a central role in the ecosystem.
Please note that the information available on NEAR coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
OAX (OAX Foundation) is the native cryptocurrency of the OAX Foundation, a decentralized platform focused on building a transparent and secure digital asset exchange. Here are some key points about OAX:$OAX
_Key Features:_
1. _Decentralized exchange (DEX) platform_: OAX enables the creation of decentralized exchanges for digital assets.
2. _Transparency and security_: OAX prioritizes transparency and security through its decentralized and open-source architecture.
3. _Governance and voting_: OAX holders can participate in governance and voting processes to shape the future of the platform.
4. _Limited supply_: The total supply of OAX coins is capped at 100,000,000 tokens.
_Use Cases:_
1. _Decentralized exchange operations_
2. _Governance and voting_
3. _Staking and validation_
4. _Payment for platform services_
_Benefits:_
1. _Decentralized and secure exchange platform_
2. _Transparency and community governance_
3. _Potential for value appreciation_
4. _Support for digital asset innovation_
OAX Foundation aims to provide a decentralized and secure platform for digital asset exchange, enabling transparency, security, and community governance, with OAX playing a central role in the ecosystem.
Please note that the information available on OAX coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
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As BTC's price surged today, funding rates have turned increasingly negative, indicating that most traders are opening short positions. This scenario could potentially lead to a short squeeze if the price breaks above $65,500. However, it could also signal that a top has been reached and a reversal may be imminent, so exercise caution with long positions.$BTC #MtGoxRepayments #BinanceLaunchpoolDOGS #CryptoMarketMoves #LowestCPI2021