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Shiba Inu: Shibarium Burn Mechanism To Be Fully Functional From January 2024 Onwards 🐶💥
The much-awaited burn mechanism will be fully functional from January 2024 onwards. Shibarium collects fees from users to initiate transactions on the network and the amount will be utilized to burn SHIB. 70% of the base fees will be allocated to remove Shiba Inu tokens from circulation and the rest 30% will be used to maintain the network.
The network will initiate burns after it collects a total of $25,000 in total fees from users. Once, the bracket of $25,000 is achieved, the first burn process will go live. However, the number of tokens that will be sent to the dead wallet remains unknown. More details about it will be provided by the team in January next month.
In conclusion, a large number of burns will help SHIB to sustainably scale up in price over the years. The main target for investors is to reach the $0.01 milestone. However, whether burns can help make SHIB reach the target or not, only time will tell.#ShibaBurns #ShibaInvestment 💥 $
The much-awaited burn mechanism will be fully functional from January 2024 onwards. Shibarium collects fees from users to initiate transactions on the network and the amount will be utilized to burn SHIB. 70% of the base fees will be allocated to remove Shiba Inu tokens from circulation and the rest 30% will be used to maintain the network.
The network will initiate burns after it collects a total of $25,000 in total fees from users. Once, the bracket of $25,000 is achieved, the first burn process will go live. However, the number of tokens that will be sent to the dead wallet remains unknown. More details about it will be provided by the team in January next month.
In conclusion, a large number of burns will help SHIB to sustainably scale up in price over the years. The main target for investors is to reach the $0.01 milestone. However, whether burns can help make SHIB reach the target or not, only time will tell.#ShibaBurns #ShibaInvestment 💥 $
The best DeFi cryptocurrencies to buy in 2024🤓🤩💹
The decentralized finance (DeFi) landscape stands as a vibrant financial laboratory, distancing itself from conventional intermediaries. Surpassing the GDPs of certain economies, it thrives as a transformative market, continually witnessing new projects aiming to solve similar issues in distinct ways.
Amid this evolution, informed investors navigate through various chains and protocols in pursuit of potential investment opportunities, presenting a challenge for those lacking extensive research capabilities or time.
Solana (SOL), a DeFi surge
Solana (SOL) has proven to be one of the most robust and top-performing cryptocurrencies of 2023, experiencing a staggering surge in value. Its exceptional scalability and advanced infrastructure for DeFi, surpassing that of Ethereum (ETH), largely fueled this remarkable ascent. Starting the year at $9.96 per token, SOL soared to $116.79 by December 26, marking a phenomenal 1,072% year-to-date (YTD) increase. This surge propelled SOL to claim the 4th position among the most valuable cryptocurrencies, surpassing competitors like BNB Chain (BNB) in the process.
Radix (XRD), a DeFi promise
Radix (XRD) remains relatively obscure within the DeFi realm, appearing undervalued and lacking recognition despite its potential. Similar to Solana, Radix introduces scalability in DeFi through sharding, enabling faster settlements at reduced transaction costs. Notably, its "asset-oriented" approach to tokens and smart contracts presents an innovative solution within DeFi, addressing prevalent issues found in other layer-1 infrastructure blockchains and streamlining user asset management. However, despite these technological strides, Radix's native token, XRD, faced challenges in 2023. As of December 26, it's trading at $0.045, reflecting a modest increase of no more than 50% year-to-date (YTD).
#sol #xrd
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
The decentralized finance (DeFi) landscape stands as a vibrant financial laboratory, distancing itself from conventional intermediaries. Surpassing the GDPs of certain economies, it thrives as a transformative market, continually witnessing new projects aiming to solve similar issues in distinct ways.
Amid this evolution, informed investors navigate through various chains and protocols in pursuit of potential investment opportunities, presenting a challenge for those lacking extensive research capabilities or time.
Solana (SOL), a DeFi surge
Solana (SOL) has proven to be one of the most robust and top-performing cryptocurrencies of 2023, experiencing a staggering surge in value. Its exceptional scalability and advanced infrastructure for DeFi, surpassing that of Ethereum (ETH), largely fueled this remarkable ascent. Starting the year at $9.96 per token, SOL soared to $116.79 by December 26, marking a phenomenal 1,072% year-to-date (YTD) increase. This surge propelled SOL to claim the 4th position among the most valuable cryptocurrencies, surpassing competitors like BNB Chain (BNB) in the process.
Radix (XRD), a DeFi promise
Radix (XRD) remains relatively obscure within the DeFi realm, appearing undervalued and lacking recognition despite its potential. Similar to Solana, Radix introduces scalability in DeFi through sharding, enabling faster settlements at reduced transaction costs. Notably, its "asset-oriented" approach to tokens and smart contracts presents an innovative solution within DeFi, addressing prevalent issues found in other layer-1 infrastructure blockchains and streamlining user asset management. However, despite these technological strides, Radix's native token, XRD, faced challenges in 2023. As of December 26, it's trading at $0.045, reflecting a modest increase of no more than 50% year-to-date (YTD).
#sol #xrd
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
NFP Tokenomics
The total supply of NFP is 1 billion tokens. Out of this, 11% was reserved for Binance Launchpool and 10% is to be distributed via the initial airdrop. Thereafter, 10% of the tokens would be allocated to investors, and the NFPrompt team would get a share of 15%. In addition, the remaining 54% has been reserved for growth and treasury funds.#NFP #Launchpool
The total supply of NFP is 1 billion tokens. Out of this, 11% was reserved for Binance Launchpool and 10% is to be distributed via the initial airdrop. Thereafter, 10% of the tokens would be allocated to investors, and the NFPrompt team would get a share of 15%. In addition, the remaining 54% has been reserved for growth and treasury funds.#NFP #Launchpool
🔐 2.2 trillion SHIB removed from Binance 😤
Cryptocurrency tracker Whale Alert has announced that an unknown wallet address made a withdrawal from a Binance wallet.
The transaction contained a mind-blowing 2,283,700,000,000 Shiba Inu meme coins and was evaluated at $23,578,060. This sparked a heated discussion within the crypto community under the tweet, where users took guesses as to who the receiver of the coins may be and whether it will affect the current SHIB price.
In fact, this is the third massive SHIB transfer, counting trillions of coins, reported by Whale Alert this week – on Sunday and Monday, there were two other SHIB transfers, carrying 4.2 trillion SHIB each from one anonymous wallet to another. This seems an indicator of SHIB whales’ activity going up.
Cryptocurrency tracker Whale Alert has announced that an unknown wallet address made a withdrawal from a Binance wallet.
The transaction contained a mind-blowing 2,283,700,000,000 Shiba Inu meme coins and was evaluated at $23,578,060. This sparked a heated discussion within the crypto community under the tweet, where users took guesses as to who the receiver of the coins may be and whether it will affect the current SHIB price.
In fact, this is the third massive SHIB transfer, counting trillions of coins, reported by Whale Alert this week – on Sunday and Monday, there were two other SHIB transfers, carrying 4.2 trillion SHIB each from one anonymous wallet to another. This seems an indicator of SHIB whales’ activity going up.
$My 2024 Crypto Strategy🤑💰
Moving into 2024, we've seen a lot of movement in the crypto markets, so l've been setting up my strategy for the first quarter of the year so that when the bull run comes I'm prepared🫡🤭
1. Bitcoin and Ethereum
A vast majority of my crypto portfolio (around 70%) is currently in Bitcoin and Ethereum, leaning more heavily towards ETH. This is because I see stability in these two tokens and a higher upside potential for Ethereum, plus I can earn staking rewards that I can't earn with Bitcoin.
2. Altcoins
The remainder of my portfolio is currently diversified into other altcoin projects that I see as having huge potential. Anytime I'm investing in a smaller-cap altcoin, I always make sure that it never accounts for more than 5% of my total portfolio because of the risk that comes with it.
3. Monthly Recurring Buys
Every single month, I am dollar-cost averaging into the market to keep building up my bags as the prices continue to rise. This will allow me to reduce my average entry price and remove and risk of price volatility impacting my investments.
4. Patience
Knowing that the fundamentals of crypto have only continued to improve, I'm now patiently waiting to see the upward movement that is going to eventually come.
With all the expected positive catalysts for the crypto market, not worrying about the short-term price fluctuations is key to get the highest return.#BTC #sol #Launchpool #ada #perp
Moving into 2024, we've seen a lot of movement in the crypto markets, so l've been setting up my strategy for the first quarter of the year so that when the bull run comes I'm prepared🫡🤭
1. Bitcoin and Ethereum
A vast majority of my crypto portfolio (around 70%) is currently in Bitcoin and Ethereum, leaning more heavily towards ETH. This is because I see stability in these two tokens and a higher upside potential for Ethereum, plus I can earn staking rewards that I can't earn with Bitcoin.
2. Altcoins
The remainder of my portfolio is currently diversified into other altcoin projects that I see as having huge potential. Anytime I'm investing in a smaller-cap altcoin, I always make sure that it never accounts for more than 5% of my total portfolio because of the risk that comes with it.
3. Monthly Recurring Buys
Every single month, I am dollar-cost averaging into the market to keep building up my bags as the prices continue to rise. This will allow me to reduce my average entry price and remove and risk of price volatility impacting my investments.
4. Patience
Knowing that the fundamentals of crypto have only continued to improve, I'm now patiently waiting to see the upward movement that is going to eventually come.
With all the expected positive catalysts for the crypto market, not worrying about the short-term price fluctuations is key to get the highest return.#BTC #sol #Launchpool #ada #perp