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he crypto market is still very volatile as the combined capitalization dropped by 1.98% to $2.91 trillion, with a mild drawdown from Bitcoin and altcoins like Binance Coin (BNB). The BNB price is in pursuit of stability as bulls fight to maintain the psychologically important level around $600 after facing rejection at this level a few times over the past 24 hours, In February, Binance Coin benefited from the meme coin spotlight within the BNB Chain ecosystem when CZ announced tokens created after his dog. BNB Chain has previously served as a hub for meme coins, with Binance Coin benefiting from pushing its price to an all-time high of $793. Despite the current sell-off scare, BNB is teased as one of the coins that might outperform Bitcoin when the altcoin season finally emerges. $BNB
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#Shibalnu SHIB market performance Last Friday, the world’s second largest meme cryptocurrency by market capitalization size, SHIB, stunned the market with a rapid increase of approximately 30% as it jumped from $0.00001859 to $0.00002406. Since then, however, the popular meme coin has been facing a decline, which by now totals 9.61%, as SHIB is changing hands at $0.00002168. This week, SHIB has been trading sideways, striving to break above the $0.00002200 resistance level.
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Shiba Inu (SHIB) Burns Massive 410.74 Trillion Tokens, Driving Scarcity #shib $SHIB Shibarium has burned over 410.74 trillion Shiba Inu, including $1.5M worth, aligning with deflationary goals and reducing circulating supply. Shibarium processes 4.72M daily transactions, supports 2.01M wallets, and has 8.47M total blocks with a five-second average block time. Shibarium enhances SHIB’s usability through low-cost transactions, staking, and governance, elevating its market position and ecosystem growth Lucie highlighted Shibarium’s role in burning SHIB tokens. Over $1.5 million worth of SHIB has been incinerated since its inception. Shibarium’s fee structure supports this process. While validators receive priority fees, 70% of base fees are converted to SHIB and sent to dead wallets. Since August 2023, the Shibarium burn portal has removed 300 million SHIB tokens from circulation. As a result, Shibarium directly enhances SHIB’s scarcity, aligning with long-term deflationary goals. To date, a staggering 410.74 trillion SHIB have been burned, with 6.08 million tokens incinerated in the past day alone.
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1MBABYDOGE Red Packet Giveaway free gift $1MBABYDOGE $BNB #BinanceAlphaAlert https://safu.im/OJ023QfS
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