#Write2Win #shiba⚡ #binance #PEPE✈ #BONK/USDT Shiba Inu Burn Rate Increases: Can SHIB Hit $0.01?A burn rate of 1,250% won’t push Shiba Inu’s price to $0.01. In the past 24 hours, no more than 32 million SHIB tokens have been sent to dead wallets. To put that into perspective, 32 million tokens are worth less than $500, with SHIB trading at $0.000014. None of this changes anything for Shiba Inu’s prospects, and $0.01 is a distant dream. For SHIB to reach $0.01, the burn needs to be in trillions, not millions or billions. That’s right, trillions of SHIB tokens need to be burned every day for this dog-themed token to even consider reaching the $0.01 mark. Discover the actual price prediction for when SHIB could reach $0.01. This prediction is for the long term and requires decades of patience to achieve the goal. Waiting for decades is not everyone’s cup of tea, as life requires holding onto coins for personal reasons. Those who really wait long enough can reap all the rewards in their lifetime.
#shiba⚡ #PEPE✈ #bttc #Bonk #BTC☀ Shiba Inu boasts 1.4 million holders and the number is growing rapidly worldwide as new investors join in. The majority of SHIB buyers are ordinary people who dream of redeeming their positions when the token price reaches $0.01. Analysts say the wait for that to happen is long and could take years, if not decades, to reach $0.01, as Shiba Inu's bull run is over. Now, back to the million-dollar question, how long will it take Shiba Inu to reach $0.01? In this article, we will explain the scenarios of how long it will take for the token to cross the $0.01 mark.
The biggest thing preventing Shiba Inu from reaching $0.01 is its endless circulating supply. SHIB currently has a circulating supply of 589 trillion tokens. The token would need to burn at least 90% of its circulating supply to even consider breaking $0.01.
Shiba Inu needs to maintain scarcity for a sustained price increase in metrics. When tokens are scarce, supply and demand automatically increase, leading to higher prices.
The answer to the question of how long to wait for Shiba Inu to reach $0.01 is the time it takes to remove 90% of its circulating supply. If more than 500 trillion SHIB tokens are sent to dead wallets to be removed from the supply, investors can dream of $0.01.
$When will Shiba Inu (SHIB) reach $0.05? According to the popular AI (Artificial Intelligence) chatbot ChatGPT, SHIB could reach $0.05 by 2035, about 11 years from now. Chatbot says: ' With strong support from the Shiba Inu community, ongoing efforts to increase utility, and the potential for wider adoption, significant price increases reach or exceed $0.05 in The next decade makes sense.'
Robot AI added: “However, market fluctuations and the evolving crypto landscape require a long-term investment approach.'
However, Changelly is not very optimistic about Shiba Inu (SHIB). The platform predicts a maximum price of 0.02929707 USD in 2050. Therefore, according to Changelly, SHIB will reach 0.05 USD sometime after 2050, over 26 years from now.
On the other hand, Telegaon predicts SHIB will reach $0.05 between 2035 and 2040.
However, it is also possible that Shiba Inu (SHIB) could reach its $0.05 target much sooner. The SHIB team is working on a new burning mechanism, rumored to be able to burn trillions of tokens per year. SHIB's large supply is one of the biggest barriers to its price. If the team can reduce the project's supply, we could see a sudden increase in asset prices.
#SHIBA🔥 #bttc AI predicts Shiba Inu (SHIB) price on April 5, 2024 According to CoinCodex, SHIB could reach 0.00003159 USD by April 5, 2024. Reaching 0.00003159 USD from current levels would result in a growth of about 16.4%.
CoinCodex predicts SHIB price will continue to increase throughout April. The platform predicts SHIB will reach a new all-time high later this month, reaching 0.00009452 USD on April 30, 2024.
Changelly also paints an optimistic picture for Shiba Inu (SHIB). The platform predicts SHIB to reach 0.00003976 USD by April 5, 2024. Reaching 0.00003976 USD from current levels would result in a growth of about 46.5%. Furthermore, Changelly predicts SHIB will reach a new all-time high this month, reaching $0.000100 by April 30, 2024. Reaching $0.000100 from current levels would result in growth of around 268 .4%.
SHIB's bullish outlook could be due to the upcoming BTC halving event, which many analysts predict will cause a market-wide price rally. Many people consider halving events to be bullish because they reduce the supply of the asset. Furthermore, since BTC is the market leader, there is a high possibility that a BTC price rally will spread to other assets.
#SHIBA🔥 SHIB price prediction by ChatGPT We consulted the latest ChatGPT model to get a more comprehensive and optimistic view of the Shiba Inu's long-term price potential. The AI took into account various factors, such as the upcoming Bitcoin halving, broader market trends, and other relevant considerations. After analyzing the monthly chart of the Shiba Inu's price trend, ChatGPT predicts that the meme coin could reach $0.0010427 by 2024, using the Fibonacci levels as the next price target. However, the AI model's assessment went beyond this initial target, suggesting a 10-cent price for the Shiba Inu is a conceivable milestone for 2025.
Despite the optimistic predictions and current bullish trend, it is important for investors to approach the cryptocurrency market with caution. The cryptocurrency space is known for its volatility and unpredictability, especially meme coins, which are often subject to sudden price swings due to market sentiment and hype.
In just 14 hours, transactions amounting to 1.4 trillion SHIB were recorded.
The transaction log shows a string of notable movements, especially from the hot wallets of major exchanges like Coinbase and Binance.
One transaction from the Coinbase hot wallet transferred 36.3 billion SHIB, worth approximately $1.03 million. The timing of these large-scale movements coincided with an explosive recovery in the Shiba Inu.
Currently, the Shiba Inu is moving in an uptrend, as suggested by the movement above the key moving averages.
The reasons behind whale movements can be diverse. Some investors may reallocate their portfolios in anticipation of potential market events or news that could affect SHIB's valuation. Others may take profits after the recent price rally or redistribute assets to diversify their strategies. Large movements can also be preparatory, setting the stage for greater market volatility.
#shib #BOME #PEPE Dubai International Financial Center issues "world's first" Digital Assets Law Digital assets are gaining recognition and more and more lawmakers are including them in innovative legal frameworks. Dubai International Financial Center (DIFC), one of the largest free zones in the Middle East, Africa and South Asia (MEASA) region, has issued the “world’s first” Digital Assets Law ” after revamping its entire legislative system. Besides definitions, the DIFC Digital Assets Law amends a range of other laws, including the law of contracts, the law of obligations, the law of confidentiality, the law of damages and remedies, the law of trusts and base law. Jacques Visser, DIFC Legal Director, explained the potential of this law and its pioneering nature in the world. According to Visser, DIFC considers this document “groundbreaking”, as it is “the first law to comprehensively regulate the legal characteristics of digital assets as a matter of property law”. Furthermore, the document provides “how digital assets can be controlled, transferred and disposed of by interested parties.” Dubai approved a digital assets law in 2022, appointing the Virtual Asset Regulatory Authority (VARA) as the agency in charge of the sector. However, this law does not apply to DIFC as the free zone has its own regulator, DIFC, and financial services regulator, Dubai Financial Services Authority (DFSA). In August, DIFC announced it would subsidize 90% of license costs for Web3 and artificial intelligence (AI) companies waiting to open operations in the special economic zone.
#SHIB. Memecoin has seen a rapid rise over the past week. Shiba Inu (SHIB) has earned several spots in the top 100 rankings and is just below rival Dogecoin (DOGE). The price of Shiba Inu (SHIB) has increased 230% in the weekly chart, 272.1% in the 14-day chart and almost 300% over the last month. On the other hand, Dogecoin (DOGE) is up 75.5% in the weekly chart, 96.8% in the 14-day chart, and 112.6% over the last month. However, both assets face a sharp correction on the daily chart. SHIB price has dropped 13.3% in 24 hours, while DOGE is down 9.7% in the same time frame. Will Shiba Inu (SHIB) surpass Dogecoin (DOGE) this year? SHIB's market capitalization currently stands at $20.3 billion, while DOGE's is $23.8 billion. SHIB's market is only about 13% away from DOGE. Therefore, if the popular meme coin continues its upward trajectory, it could surpass DOGE in the rankings. Shiba Inu (SHIB) and Dogecoin (DOGE) are the most important and known meme coins. However, DOGE has the advantage of getting in first. DOGE debuted in 2013, nearly 11 years ago, while SHIB entered the ring in 2020, about 3 and a half years ago. However, SHIB has left quite a few marks in its short history. However, with the latest adjustment, SHIB may still not surpass DOGE. With that said, Shiba Inu (SHIB) could topple Dogecoin (DOGE) later this year. Dogecoin (DOGE) could be part of X's upcoming payments feature. If so, the asset could suddenly increase in value. On the other hand, Shiba Inu (SHIB) is working on a new burning mechanism, which is rumored to burn trillions of tokens per year.
Binance announced the delisting of 6 spot trading pairs Binance just announced that it will delist 6 trading pairs on the upcoming platform, please pay attention. AERGO/BTC, ALGO/BNB, CTSI/BNB, FARM/BTC, FUN/ETH, XLM/BNB