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Shiba Inu's Shibarium: 🔥 The fiery start of 2024 with 10 trillion SHIB tokens rumored to be burned. This year, a monthly burn of 10 trillion Shiba Inu (SHIB) tokens is expected, with the automatic burning mechanism entering its phase this month. According to Shitoshi Kusama, token burning will coincide with network implementation to drive price growth. Last year, CNF reported that Shibarium would introduce a transformative token burning mechanism to strategically reduce Shiba Inu's supply, boosting the ecosystem's value. The initial token burning phase was manual, overseen by the developer's official wallet. The second stage, termed "Automated Transition," reportedly transforms the mechanism into an automatic system, set to commence this month. The community is currently discussing the volume of tokens to be burned this year. 🔥 Rumors suggest trillions of tokens may be burned this year, stemming from Lucy, a Shiba Inu team member, hinting at burning 111 trillion tokens annually. If true, nearly 10 trillion Shib tokens would be taken out of circulation each month. It's important to note that the official Shiba Inu website hasn't disclosed an exact figure. 🔢 Thanks to the burning mechanism, the network will undergo several upgrades, ensuring a smooth transition from manual to automatic phases. The burning mechanism's sources were linked to the network's adoption rate. As Shibarium transactions and gas fees surge, token burning will follow a geometric progression, meaning more usage leads to more tokens being burned. 🔗 Shiba Inu's performance last year fell short of expectations, attributed to the hype surrounding its second-layer network launch. Analysts believe the potential withdrawal of 10 trillion tokens could trigger a sharp price increase. Shytoshi Kusama, the lead developer, clarified that token burning alone won't impact price growth until applications find their utility in the network. 🚀 #SHIB💥 #SHIBAINU #2024 #Binance​​ #Memecoins
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🚀 "Participate in the ATH Airdrop with my promo code! 🌐" 👋 Hello, friends! 🚀 I want to share an amazing opportunity to get free ATH tokens (Athene Network) through an exclusive Airdrop! 📱 Step 1: Download the Athene Network app from your app store. 🌟 Step 2: During registration, enter my unique promo code af107bd4cd to participate in exclusive bonuses and the chance to receive more tokens! 💸 The more people use my promo code, the more opportunities for all of us to get free ATH tokens. Share this opportunity with friends and the community! **Disclaimer: This content is not a paid advertisement and is not intended to persuade or encourage investment. Please conduct thorough research and make informed decisions based on your own analysis before considering any investment opportunities.** #ATH #airdrop #Cryptocurrrency #Blockchain #AtheneNetwork
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We've compiled a list of 10 assets with significant potential in 2024. This year has been challenging for most cryptocurrencies, from Bitcoin and Ethereum to Ripple and Dogecoin. The industry's instability and regulatory attention have largely impacted them. Experts anticipate increased pressure in 2024, leading to new confrontations and possibly further declines in key digital asset prices. However, there are coins in the market with investment potential. 🚀 **Top 10 promising cryptocurrencies for 2024:** 1. **Bitcoin Minetrix** – a new project for remote BTC mining without equipment costs. 2. **Meme Kombat** – allows earning cryptocurrency by betting on meme character battles. 3. **XRP** – a potential alternative to the SWIFT system. 4. **Wall Street Memes** – a meme coin for passive income from renowned developers. 5. **Dogecoin** – Elon Musk's favorite token with low transactions and a large community. 6. **Toncoin** – a coin from Telegram creators, recently launching a crypto wallet. 7. **Cardano** – a platform for smart contracts and decentralized applications. 8. **Solana** – a crypto project capable of handling up to 50,000 transactions per second. 9. **Shiba Inu** – a meme cryptocurrency with a burning mechanism and interactive metaverse support. 10. **BNB** – a stablecoin from the Binance exchange, used for purchasing other assets. 🌐 #Binance #Cryptocurrrency #2024Crypto #Memecoins
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In December, up to 19% of the traffic on major cryptocurrency exchanges was attributed to Russia. 🌐 Russian users took the lead in the number of visits to Bybit, MEXC, and HTX exchanges. 🚀 In December 2023, cryptocurrency exchange traffic grew by over 20%, and spot trading volumes increased by 27.4% compared to the previous month. 📈 Russian users topped the list for visits to Bybit, HTX (formerly Huobi), and MEXC. On Bybit, Russian visitors accounted for 19% of the total in October, on MEXC — 12%, on HTX — 11%. The highest percentage of visitors from the United States in October was recorded on Coinbase (59%) and Crypto.com (27%). According to the study, spot trading volumes on major crypto exchanges increased by 27.4% in November compared to the previous month, with the highest growth on Gate.io (65%), Crypto.com (50%), and Bybit (44%). Futures trading also increased by 22.3% month over month, with the highest volume growth on Crypto.com (46%), Bidget (42%), and Binance (26%). On January 10, the "Fear and Greed Index," reflecting market participants' sentiments, rose to 76 points out of 100, indicating "Extreme Greed" and suggesting active cryptocurrency buying. 📈 The last time such a high index value was observed was in early November 2021, just before the bitcoin price reached its all-time high of $69,000. 🚀 #Russia #Cryptocurrrency #world #Subscribe #CEXs
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Apple removed apps from the App Store in India belonging to the 10 largest crypto exchanges. 📲 These include OKX, Binance, KuCoin, HTX (formerly Huobi), Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex. Most of these platforms, excluding OKX, received notices of non-compliance from Indian regulators late last year. In December, the Financial Intelligence Unit (FIU), under the Indian Ministry of Finance, issued notices to adhere to the Prevention of Money Laundering Act (PMLA). The government initiated the blocking of websites associated with these organizations, alleging illegal activities and non-compliance with the law. 🚫 However, this process is ongoing, allowing exchange pages to remain active in India. The applications for these platforms are also still available on Google PlayStore. In 2023, the Indian government implemented anti-money laundering regulations for the cryptocurrency sector, intensifying supervision over digital assets. According to regulators, all listed platforms operate illegally in the country, disregarding the nation's anti-money laundering laws. ⚖️ #subsvribe #CryptocurrencyNews. #Apple #Binance​​ #india
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