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it's time to invest in SHIB
#shib #cryptoking
Shiba Inu’s [#!SHIB ] burn rate recently skyrocketed by a remarkable 254,078%, wiping out 5.63 billion tokens in a single day. However, despite this aggressive burn, SHIB only saw a modest 3.03% hike on the price charts. It was trading at $0.00001781 at press time.
Therefore, a pressing question arises – Will this latest burn finally trigger a sustained price rally, or will it simply echo past short-lived gains
Did previous burn rate spikes affect $SHIB ’s price
Historically, Shiba Inu’s burn events have delivered mixed results for its price. According to AMBCrypto’s previous analysis,
even significant burn rate spikes, such as a 6,700% increase observed earlier, have generally failed to create lasting momentum.
For instance, a recent burn of over 324 million tokens sparked initial optimism. And yet, the rally quickly dissipated as sellers dominated. Consequently, while these events have occasionally fueled temporary gains, they rarely sustain bullish pressure on SHIB.
SHIB chart analysis – What does the price action suggest
When analyzing SHIB’s charts, it became apparent that the price action has remained relatively flat following the latest burn surge. At press time, SHIB was trading at around $0.00001776, with modest intraday fluctuations. The Bollinger Bands revealed some low volatility too, suggesting limited price expansion.
Furthermore, the RSI was positioned near 52.5, indicating a neutral position—Neither overbought nor oversold.
This neutral technical setup seemed to imply that despite the recent burn, SHIB lacks the buying momentum needed to break through resistance levels or fuel a stronger upward trajectory
On-chain signals – A cautiously bullish outlook
Delving into SHIB’s on-chain data revealed a mixed, yet slightly optimistic sentiment. In fact, key metrics leaned towards mild bullishness. For instance, “In the Money” showed gains of 0.81%, while the concentration edged up by 0.06% and large transactions rose by 2.84%.
However, net network growth registered a slightly bearish note at -0.23%, indicating limited new address activity.
Consequently, while these indicators underlined cautious optimism, the lack of significant network growth may restrict SHIB’s ability to sustain gains
Shiba Inu’s [#!SHIB ] burn rate recently skyrocketed by a remarkable 254,078%, wiping out 5.63 billion tokens in a single day. However, despite this aggressive burn, SHIB only saw a modest 3.03% hike on the price charts. It was trading at $0.00001781 at press time.
Therefore, a pressing question arises – Will this latest burn finally trigger a sustained price rally, or will it simply echo past short-lived gains
Did previous burn rate spikes affect $SHIB ’s price
Historically, Shiba Inu’s burn events have delivered mixed results for its price. According to AMBCrypto’s previous analysis,
even significant burn rate spikes, such as a 6,700% increase observed earlier, have generally failed to create lasting momentum.
For instance, a recent burn of over 324 million tokens sparked initial optimism. And yet, the rally quickly dissipated as sellers dominated. Consequently, while these events have occasionally fueled temporary gains, they rarely sustain bullish pressure on SHIB.
SHIB chart analysis – What does the price action suggest
When analyzing SHIB’s charts, it became apparent that the price action has remained relatively flat following the latest burn surge. At press time, SHIB was trading at around $0.00001776, with modest intraday fluctuations. The Bollinger Bands revealed some low volatility too, suggesting limited price expansion.
Furthermore, the RSI was positioned near 52.5, indicating a neutral position—Neither overbought nor oversold.
This neutral technical setup seemed to imply that despite the recent burn, SHIB lacks the buying momentum needed to break through resistance levels or fuel a stronger upward trajectory
On-chain signals – A cautiously bullish outlook
Delving into SHIB’s on-chain data revealed a mixed, yet slightly optimistic sentiment. In fact, key metrics leaned towards mild bullishness. For instance, “In the Money” showed gains of 0.81%, while the concentration edged up by 0.06% and large transactions rose by 2.84%.
However, net network growth registered a slightly bearish note at -0.23%, indicating limited new address activity.
Consequently, while these indicators underlined cautious optimism, the lack of significant network growth may restrict SHIB’s ability to sustain gains
#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here!
Elon Musk will be the #cryptoking #Doge
Elon Musk will be the #cryptoking #Doge
Top 10 Most Searched Tokens on Binance.com (13-May-2024)
1. $BTC Continues to lead as the most sought-after cryptocurrency on Binance.com.
2. $ETH Maintains strong interest due to its smart contract capabilities and development activity.
3. $BNB Reflects its integral role within the Binance exchange ecosystem.
4. Cardano (ADA) - Gains attention for its innovative approach to scalability and sustainability.
5. SOL -Known for its fast transaction speeds and growing ecosystem of decentralized applications.
6. Dogecoin (DOGE) - Remains popular among traders and enthusiasts, fueled by occasional market movements and celebrity endorsements.
7. Avalanche (AVAX) - Draws interest for its high throughput and secure consensus mechanism.
8. Polkadot (DOT) - Noteworthy for its interoperability features, attracting developers building cross-chain applications.
9. Terra (LUNA) - Stands out as a stablecoin protocol focused on scalability and decentralization.
10. Chainlink (LINK) - Plays a vital role in facilitating data transfer between smart contracts and external sources within the DeFi ecosystem.
Note: Rankings based on search traffic trends observed on Binance.com.
#ETFvsBTC #write2earn🌐💹 #cryptoking #BTC
1. $BTC Continues to lead as the most sought-after cryptocurrency on Binance.com.
2. $ETH Maintains strong interest due to its smart contract capabilities and development activity.
3. $BNB Reflects its integral role within the Binance exchange ecosystem.
4. Cardano (ADA) - Gains attention for its innovative approach to scalability and sustainability.
5. SOL -Known for its fast transaction speeds and growing ecosystem of decentralized applications.
6. Dogecoin (DOGE) - Remains popular among traders and enthusiasts, fueled by occasional market movements and celebrity endorsements.
7. Avalanche (AVAX) - Draws interest for its high throughput and secure consensus mechanism.
8. Polkadot (DOT) - Noteworthy for its interoperability features, attracting developers building cross-chain applications.
9. Terra (LUNA) - Stands out as a stablecoin protocol focused on scalability and decentralization.
10. Chainlink (LINK) - Plays a vital role in facilitating data transfer between smart contracts and external sources within the DeFi ecosystem.
Note: Rankings based on search traffic trends observed on Binance.com.
#ETFvsBTC #write2earn🌐💹 #cryptoking #BTC
It took me four years in the crypto market to learn these lessons, and you only need two minutes to read them:
1. Bitcoin's Fixed Supply: Indeed, Bitcoin's scarcity is a fundamental aspect. With a maximum supply of 21 million coins, it's akin to digital gold. This scarcity contributes to its store-of-value narrative.
2. Risk Management Over Technical Analysis: You've hit the nail on the head! While technical analysis is essential, managing risk and capital is paramount. Even the best TA won't save you if you're overleveraged or lack proper risk controls.
3. Passive Income in Crypto: Absolutely! Beyond active trading, explore staking, yield farming, and other passive income strategies. Diversifying your crypto portfolio can provide steady returns.
Regarding Bitcoin's growth, it's essential to recognize that past performance doesn't guarantee future results. However, understanding market dynamics and maintaining a long-term perspective can help navigate volatility.
Lastly, your point about skepticism is spot-on. Early adopters often face doubt, but that's where opportunity lies. Act decisively while others hesitate! 🚀.#Write2Earn! #experience #BinanceSquareFamily #cryptoking #RCTTraders
1. Bitcoin's Fixed Supply: Indeed, Bitcoin's scarcity is a fundamental aspect. With a maximum supply of 21 million coins, it's akin to digital gold. This scarcity contributes to its store-of-value narrative.
2. Risk Management Over Technical Analysis: You've hit the nail on the head! While technical analysis is essential, managing risk and capital is paramount. Even the best TA won't save you if you're overleveraged or lack proper risk controls.
3. Passive Income in Crypto: Absolutely! Beyond active trading, explore staking, yield farming, and other passive income strategies. Diversifying your crypto portfolio can provide steady returns.
Regarding Bitcoin's growth, it's essential to recognize that past performance doesn't guarantee future results. However, understanding market dynamics and maintaining a long-term perspective can help navigate volatility.
Lastly, your point about skepticism is spot-on. Early adopters often face doubt, but that's where opportunity lies. Act decisively while others hesitate! 🚀.#Write2Earn! #experience #BinanceSquareFamily #cryptoking #RCTTraders
#scammer #cryptoking #scam #scamriskwarning
$BTC $SOL $PEPE
A Toronto investor, Akil Heywood, has been arrested for allegedly kidnapping and assaulting Aiden Pleterski, known as Ontario's "Crypto King," who reportedly lost over $40 million of investor funds. Heywood, who had invested $740,000 with Pleterski and served as an inspector in the bankruptcy proceedings, is accused of trying to extort $2 million in cryptocurrency from Pleterski and the bankruptcy trustee, Grant Thornton. Pleterski was allegedly beaten and held for ransom in December 2022.
Pleterski claims he was forced by his kidnappers to make certain statements in a video apologizing to investors and explaining his losses. Toronto police have apprehended four men in connection with the kidnapping, while one remains at large. The bankruptcy report indicates that Pleterski spent much of the investors' money on personal luxuries, with only a small fraction actually invested in cryptocurrency.
$BTC $SOL $PEPE
A Toronto investor, Akil Heywood, has been arrested for allegedly kidnapping and assaulting Aiden Pleterski, known as Ontario's "Crypto King," who reportedly lost over $40 million of investor funds. Heywood, who had invested $740,000 with Pleterski and served as an inspector in the bankruptcy proceedings, is accused of trying to extort $2 million in cryptocurrency from Pleterski and the bankruptcy trustee, Grant Thornton. Pleterski was allegedly beaten and held for ransom in December 2022.
Pleterski claims he was forced by his kidnappers to make certain statements in a video apologizing to investors and explaining his losses. Toronto police have apprehended four men in connection with the kidnapping, while one remains at large. The bankruptcy report indicates that Pleterski spent much of the investors' money on personal luxuries, with only a small fraction actually invested in cryptocurrency.
🥵🚀📊 TON/TRY Technical Analysis:
TREND: 📉bearish
1. Support & Resistance Levels:
Support: Around 205.9 TRY (previous low).
Resistance: Near 243.9 TRY (previous high).
2. Entry Points:
- Consider long positions:
- If price breaks above 243.9 TRY.
- Confirm with volume surge.
- Short positions:
- If price drops below 205.9 TRY.
- Watch for bearish confirmation.
3. Current Price:
- Toncoin (TON) is trading at approximately 206.5 TRY.
Remember to use proper risk management and stay informed! 🚀📈
Feel free to ask if you need further details! 😊#Alert🔴 #Write2Earn! #BinanceTurns7 #cryptoking
TREND: 📉bearish
1. Support & Resistance Levels:
Support: Around 205.9 TRY (previous low).
Resistance: Near 243.9 TRY (previous high).
2. Entry Points:
- Consider long positions:
- If price breaks above 243.9 TRY.
- Confirm with volume surge.
- Short positions:
- If price drops below 205.9 TRY.
- Watch for bearish confirmation.
3. Current Price:
- Toncoin (TON) is trading at approximately 206.5 TRY.
Remember to use proper risk management and stay informed! 🚀📈
Feel free to ask if you need further details! 😊#Alert🔴 #Write2Earn! #BinanceTurns7 #cryptoking
Hi Guys,
It's Big & Big #alert about $BTC #cryptoking Arressted !!!
Canadian ‘Crypto King’ and Associate Arrested for Alleged $29.4M Investor Fraud
Two Ontario men, one of whom is a self-described “Crypto King,” have been arrested and charged with fraud. They allegedly received over C$40m ($29.4m) from investors.
Aiden Pleterski, 25, was charged with fraud exceeding C$5,000 and laundering criminal proceeds on May 2. His associate, Colin Murphy, 27, also faced fraud charges but was released on an undertaking, according to a police statement.
Durham police launched an investigation in July 2022 after a surge of complaints regarding investment fraud by a Whitby man. The probe revealed an accomplice who also promised high weekly returns through investments.
“Victims provided money to him under similar circumstances, with the expectation that he was investing it on their behalf and would be returning them large profits,” the police said. “These victims were ultimately defrauded as well, and unable to recover their funds.”
Police will hold a news conference on Thursday to reveal more details.
Investors Left High and Dry After “Crypto King’s” Millions Vanish
For over a year and a half, Pleterski’s investors have been searching for more than C$40m they invested with him in cryptocurrency and foreign exchange, according to CBC News. A Toronto bankruptcy process underway in Ontario Superior Court has so far recovered around $3m for about 160 investors.
Further, an insolvency trustee’s investigation revealed that Pleterski diverted $16m for personal use alone. This included renting private jets, luxury vacations, car purchases, and a lakefront mansion lease. Shockingly, he invested only about 2% of the funds entrusted to him.
At that time Pleterski portrayed himself as a professional streamer online. In one instance, he responded to a viewer’s comment calling him “jobless” with the phrase “internet money gang, internet money” during a live broadcast.
Crypto Conman’s Kidnapping
#PEPEATH #Write2Earrn #Memecoins
It's Big & Big #alert about $BTC #cryptoking Arressted !!!
Canadian ‘Crypto King’ and Associate Arrested for Alleged $29.4M Investor Fraud
Two Ontario men, one of whom is a self-described “Crypto King,” have been arrested and charged with fraud. They allegedly received over C$40m ($29.4m) from investors.
Aiden Pleterski, 25, was charged with fraud exceeding C$5,000 and laundering criminal proceeds on May 2. His associate, Colin Murphy, 27, also faced fraud charges but was released on an undertaking, according to a police statement.
Durham police launched an investigation in July 2022 after a surge of complaints regarding investment fraud by a Whitby man. The probe revealed an accomplice who also promised high weekly returns through investments.
“Victims provided money to him under similar circumstances, with the expectation that he was investing it on their behalf and would be returning them large profits,” the police said. “These victims were ultimately defrauded as well, and unable to recover their funds.”
Police will hold a news conference on Thursday to reveal more details.
Investors Left High and Dry After “Crypto King’s” Millions Vanish
For over a year and a half, Pleterski’s investors have been searching for more than C$40m they invested with him in cryptocurrency and foreign exchange, according to CBC News. A Toronto bankruptcy process underway in Ontario Superior Court has so far recovered around $3m for about 160 investors.
Further, an insolvency trustee’s investigation revealed that Pleterski diverted $16m for personal use alone. This included renting private jets, luxury vacations, car purchases, and a lakefront mansion lease. Shockingly, he invested only about 2% of the funds entrusted to him.
At that time Pleterski portrayed himself as a professional streamer online. In one instance, he responded to a viewer’s comment calling him “jobless” with the phrase “internet money gang, internet money” during a live broadcast.
Crypto Conman’s Kidnapping
#PEPEATH #Write2Earrn #Memecoins