🚨 Breaking News! 🇰🇭 The National Bank of Cambodia approv | Bull_BTC on Binance Square

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🚨 Breaking News!
🇰🇭 The National Bank of Cambodia approves compliant stablecoin services but bans unbacked assets like $BTC!
📊 What does this mean for the crypto market?
#Cambodia #Stablecoin #CryptoRegulation $BTC #Bitcoin

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🇯🇵 Japanese public company Metaplanet CEO says they're "just getting started" buying #Bitcoin 👀 The race has already started between these big institutions #Crypto #CryptoNews $BTC $ETH

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Can Shiba Inu ($SHIB ) Reach $0.01? An Analysis Shiba Inu (SHIB) has garnered significant attention in the cryptocurrency market, with many investors speculating about its potential to reach $0.01. Let's examine the key factors influencing this possibility. Current Snapshot (as of December 2024): Price: $0.000022 Circulating Supply: Approximately 589 trillion SHIB tokens Market Cap: Around $12.8 billion Market Capitalization Challenge For SHIB to reach $0.01, its market capitalization would need to increase to approximately $5.89 trillion, assuming the circulating supply remains constant. This valuation would surpass the market capitalization of major global companies and even some countries' GDPs, making it an extremely ambitious target under current market conditions. Supply Dynamics SHIB has a circulating supply of about 589 trillion tokens. Significant token burns or reductions in supply could positively impact the price. However, achieving a substantial decrease in supply to support a $0.01 price would require coordinated and large-scale burning mechanisms, which may be challenging to implement effectively. Demand and Utility For SHIB to achieve a $0.01 valuation, there would need to be substantial growth in its utility and adoption. This could be driven by increased acceptance as a medium of exchange, integration into various platforms, or endorsement by influential figures and communities. While Shiba Inu has seen periods of heightened popularity, consistent and widespread use cases would be essential to support such a high valuation.

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Can Dogecoin (DOGE) Reach $2? An Analysis Dogecoin (DOGE) has been a prominent cryptocurrency, capturing the interest of investors and enthusiasts alike. The prospect of DOGE reaching a $2 valuation is a topic of considerable discussion. Let's delve into the factors that would influence such a price milestone. Current Snapshot (as of December 2024): Price: $0.3169 Circulating Supply: Approximately 147.31 billion DOGE Market Cap: Around $46.65 billion Market Capitalization Implications For $DOGE to attain a price of $2, its market capitalization would need to escalate to approximately $294.62 billion, assuming the circulating supply remains constant. This would position Dogecoin among the top-tier cryptocurrencies by market cap, indicating that while ambitious, such a target could be conceivable under exceptionally favorable market conditions. Supply Considerations Dogecoin does not have a maximum supply cap, with new coins being mined continuously. This inflationary model results in a gradual increase in the circulating supply over time. Therefore, achieving a $2 price point would require not only significant market demand but also mechanisms to counteract the dilutive effect of the increasing supply. Demand and Utility For DOGE to reach and sustain a $2 valuation, there would need to be substantial growth in its utility and adoption. This could be driven by increased acceptance as a medium of exchange, integration into various platforms, or endorsement by influential figures and communities. While Dogecoin has seen periods of heightened popularity, consistent and widespread use cases would be essential to support such a high valuation.

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⚖️ The IRS' latest ruling requiring DEXs to adhere to the same reporting standards as traditional brokers has drawn sharp criticism. #IRS #Bitcoin $BTC $ETH

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