The year 2022 – “I will invest now and forget my investments until 2030,” said the average Joe, but ended up checking his crypto portfolio 30 times a day. The 2030 dream didn’t last for 20 or 30 weeks before he sold his holdings in disappointment. The ”I will hold the long term” is just an excuse for “I wish I can be a millionaire this year”.At first glance, the cryptocurrency market seems to be all about glam. News about truck drivers making millions with a $1000 investment provides comfort tha
Shiba Inu: How Many Years Will SHIB Take To Reach $1?
The Shiba Inu team confirmed on Monday that the Shibarium layer-2 network will begin burning SHIB tokens from January 2024. Read here to learn more details about how many SHIB tokens will be burned by Shibarium every year for a better and in-depth understanding.
According to the latest blog, 70% of the transaction fees initiated on Shibarium will be used to burn SHIB tokens. The rest 30% of the funds will be used to maintain the network helping it to run smoothly and efficiently.
Shibarium will collect fees in the governance Bone token, which is used as gas to conduct transactions on the network. Bone tokens will then be converted into SHIB automatically after it reaches a threshold of $25,000 in value. After the conversion is completed, Shibarium will burn SHIB tokens and permanently remove it from circulation.
However, now that Shibarium is confirmed to burn SHIB tokens, is there a possibility for Shiba Inu to reach $1? In this article, we will highlight how many years it could take for Shiba Inu to hit the $1 mark through burns from Shibarium.
Shiba Inu: How Long For SHIB To Reach $1?
If everything goes right and assume that Shibarium burns 3 trillion tokens every year, it would still not make SHIB reach $1 in our lifetime. The dynamics here come into play differently as the supply would remain plenty with demand being scarce.
For the context, Shiba Inu has 589 trillion tokens in circulation and hardly just 1.3 million holders. The adoption is not catching up with the circulation making its price to either dip or remain constant.
In conclusion, even if Shibarium burns 3 trillion SHIB tokens every year, it would take 98 years for Shiba Inu to reach $1. That’s simply not possible in our lifetime. However, if Shibarium manages to burn more than 100 trillion tokens per year, only then could Shiba Inu have any chances of hitting $1 before our lifetime. #SHIBFuture #SHIBSurge
Resignation Pressure Mounts on SEC Chairman Gary Gensler
After Donald Trump officially wins the presidency of the United States, all eyes are on SEC Chairman Gary Gensler, with many anticipating the day of his "departure". The CEDAR Innovation Foundation (CIF) has publicly demanded the resignation of Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC). In a statement released on November 18, CIF criticized Gensler for defying tradition by refusing to step down. “Clinging to power”—this is how CIF described Gensler’s actions, contr
President Donald Trump Prepares for Private Meeting with Coinbase CEO
Continuing his journey of reform in America, newly elected President Donald Trump is set to meet privately with Coinbase CEO Brian Armstrong. According to a report by The Wall Street Journal, a private meeting between newly elected President Donald Trump and Coinbase CEO Brian Armstrong is being arranged. The meeting is believed to focus on personnel appointments for the new administration, although it remains unclear which specific position is being considered for Armstrong or the Coinbase team
Michael Saylor claims that creating a one million Bitcoin Reserve could help reduce the US national debt by up to 45%. MicroStrategy Chairman Michael Saylor and Wyoming Senator Cynthia Lummis are working on a Bitcoin reserve strategy for the United States. In a recent interview on CNBC, Saylor said that accumulating one million BTC over the next five years could reduce the US national debt by a staggering $16 trillion, a cut of up to 45% of the current debt. Bitcoin Reserves to Reduce US Nationa
The first-ever bridge to privacy blockchains, Confidential Layer, is launching the most rewarding airdrop of Q4 2024! 🔥 Join here: https://cloneairdrop.com/?invite=UFIBE. Register for airdrop farming and let's seize this opportunity together! 💰 #MemecoinWars
Bondex has received a grant from the @ton_blockchain to build a bounty-based job portal integrated within the Telegram mini-app 😃 This new platform will offer amazing opportunities to network, find jobs, and earn rewards through referrals once it’s live.
joint the bondex telegram mini app to be part of the journey https://t.me/BunnyBlitz_bot?start=r_2076399257
Solana is Narrowing the Gap with Ethereum Thanks to Meme Coins
Solana is gradually closing the gap with Ethereum as key performance indicators for the network show remarkable growth in 2024. According to the latest report from investment fund Syncracy Capital, published on November 12, Solana is showing strong competitiveness with Ethereum across most key economic metrics, marking impressive growth momentum in recent months. Specifically, Solana’s Real Economic Value (REV) in October 2024 reached 111% of Ethereum’s—an impressive leap from just 1% in the sam
Binance exchange announced the listing of two tokens: ACT (an AI-branded memecoin) and PNUT (a memecoin inspired by the squirrel mentioned by Donald Trump and Elon Musk). Binance Announces Listing of Two New Tokens: Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT) on November 11, 2024 at 10:00 UTC Open a Binance Account to Trade Tokens Here!!! Listing Details New Trading Pairs: ACT/USDT and PNUT/USDTUsers can start depositing ACT
Your guide: How to Buy Solana Meme Coins? Meme coins are a special kind of cryptocurrency that often comes from internet jokes or things that become popular. The fact that they are community-driven and have the potential for price spikes very quickly makes them appealing to speculative buyers.
What Makes Meme Coins Unique? Volatility: The prices of meme coins tend to go up and down a lot, which can mean big gains or losses.Community Involvement: These coins often have a strong online community
CZ Asserts He Will Never Sell His Stake in Binance
Despite receiving a buyout offer for Binance shares, CZ has affirmed that he will never sell. He currently holds up to 90% of Binance's shares. In an exclusive interview with Bloomberg just before the U.S. presidential election results, former Binance CEO Changpeng Zhao (CZ) shared notable insights. This marked his first interview with a mainstream media outlet since completing his four-month prison sentence at the end of September 2024 for money laundering violations, as per an agreement with t
the boss is talking @CZ As #bitcoin make successive new all time highs, apply proper risk management. There will be many dips (and highs) in the future. Make sure you can handle them. Control your greed. Don't put all your eggs in one basket. Ape slowly. #BTC79K
10 Crypto Policies Promised by Trump After Election
After officially being elected as President of the United States, the entire cryptocurrency market is hopeful that Donald Trump's 10 commitments will be fulfilled in the near future. A historic turning point for Bitcoin and the entire cryptocurrency market occurred on the morning of November 6, 2024 (UTC), when Donald Trump officially won the U.S. Presidential election for the 2024-2028 term. This marks his second victory after his previous term from 2016 to 2020. Alongside this news, the crypto
Donald Trump Officially Elected, Promises Abound for the Crypto Market
Donald Trump has officially won against Kamala Harris to become the 47th President of the United States. This promises to bring positive waves to the cryptocurrency market.
Donald Trump Officially Elected, Promises Abound For The Crypto Market Donald Trump officially became the 47th President of the United States after defeating his opponent Kamala Harris. The return of this 78-year-old billionaire promises to bring a new wind in the economic field, not only in the US but also creating a global impact.
Bitcoin price skyrocketed to $ 75 thousand during the election, showing strong confidence of investors in Donald Trump’s return.
During this term, Trump made a series of commitments, including making the United States the center of the cryptocurrency industry. He pledged to promote Bitcoin mining in the US and stated that he wanted “all remaining Bitcoin to be MADE IN THE USA”.
Presidential Results Live
Although the new president has not revealed details on how to achieve this goal, some members of the cryptocurrency community still see Trump’s victory as a positive signal thanks to his pro-mining stance.
For example, Samson Mow, CEO of Bitcoin fintech firm Jan3, said on June 13 that Trump’s support for mining would “push things even further.”
Bitcoin mining has sometimes faced opposition from environmental groups, who argue that the process causes significant carbon emissions. However, a pro-mining president could use his position to block new environmental regulations that would restrict the practice.
Donald Trump also pledged to fire Gary Gensler within 24 hours of taking office. Gary Gensler, the SEC chairman appointed by President Joe Biden, is widely seen as hostile to the cryptocurrency market due to his hardline policies, which have made it difficult for many blockchain companies #Trump47thPresident #BTCBreaksATH
Joint the Airdrop here https://zealy.io/cw/confidentiallayer/invite/t9sIxq-ZANMKIhmbML3Uq Token info Total supply: 1,000,000,000Ticker: $CLONEInitial Chain: ETH Total Clone Supply is fixed at 1 billion tokens.
Confidential Layer's tokenomics is structured with a clear focus on community ownership and incentivizing user adoption. A majority of the total supply (70%) is reserved for the community, aligning with the protocol’s goal of expanding user engagement and creating a decentralized ownershi