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Shiba Inu (SHIB) burn rate explodes by over 50,000%
Shiba Inu (SHIB), a meme-inspired cryptocurrency, saw its burn rate surge by over 50,000%, resulting in the token supply vanishing in just 24 hours. The burn rate is the rate at which tokens are intentionally destroyed to reduce the total supply and increase the value of the remaining tokens.
According to data from Etherscan, over 1.6 trillion SHIB tokens were burned within a day, causing the token supply to decrease from 394 trillion to just 223 trillion. This increase in burn rate is attributed to the launch of a new burning mechanism, which allows users to burn their SHIB tokens in exchange for a share of a newly created "burn pool."
#SHIB #cryptocurrency #cryptotrading #crypto2023 #shibainu
Shiba Inu (SHIB), a meme-inspired cryptocurrency, saw its burn rate surge by over 50,000%, resulting in the token supply vanishing in just 24 hours. The burn rate is the rate at which tokens are intentionally destroyed to reduce the total supply and increase the value of the remaining tokens.
According to data from Etherscan, over 1.6 trillion SHIB tokens were burned within a day, causing the token supply to decrease from 394 trillion to just 223 trillion. This increase in burn rate is attributed to the launch of a new burning mechanism, which allows users to burn their SHIB tokens in exchange for a share of a newly created "burn pool."
#SHIB #cryptocurrency #cryptotrading #crypto2023 #shibainu
👍Pepe the Frog-themed cryptocurrency PepeCoin surpasses $27B in spot trading volumes
PepeCoin, a cryptocurrency inspired by the controversial meme character Pepe the Frog, has exceeded $27 billion in spot trading volumes. According to CoinGecko, PepeCoin's price has surged by over 160,000% since its launch in 2018, making it one of the best-performing cryptocurrencies in recent years.
PepeCoin's success is attributed to its active community and partnerships with various businesses, including a Pepe-themed clothing brand and a blockchain-based gaming platform. Despite facing criticism and controversy due to its association with the Pepe meme, the cryptocurrency's popularity continues to grow.
#pepe #cryptocurrency #community #pepecoin
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PepeCoin, a cryptocurrency inspired by the controversial meme character Pepe the Frog, has exceeded $27 billion in spot trading volumes. According to CoinGecko, PepeCoin's price has surged by over 160,000% since its launch in 2018, making it one of the best-performing cryptocurrencies in recent years.
PepeCoin's success is attributed to its active community and partnerships with various businesses, including a Pepe-themed clothing brand and a blockchain-based gaming platform. Despite facing criticism and controversy due to its association with the Pepe meme, the cryptocurrency's popularity continues to grow.
#pepe #cryptocurrency #community #pepecoin
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XRP at a Critical Juncture as the Coin Fails to Leverage Above $0.45 Price Mark
Following a remarkable March, Ripple's native XRP has not really been able to impress since then. Since April 18th, XRP has failed to surpass the $0.50 price mark. However, the support of $0.45 is maintained.
Over the past 30-days period XRP has underperformed relative to other mainstream cryptocurrencies, particularly the Bitcoin. In the meantime while Bitcoin has gained value by 3.8%, XRP has lost it by 8.8%. Similarly, during the week, Bitcoin's price has remained unchanged and XRP has gone
Over the past 30-days period XRP has underperformed relative to other mainstream cryptocurrencies, particularly the Bitcoin. In the meantime while Bitcoin has gained value by 3.8%, XRP has lost it by 8.8%. Similarly, during the week, Bitcoin's price has remained unchanged and XRP has gone