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Anasta Maverick
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How 59 Million Shiba Inu Holders Could Ignite a $1 Price Surge with a Coordinated Burn
1. If 59 million Shiba Inu holders coordinated, each investing $194.50, they could purchase about 10 million SHIB tokens each.
2. This collective action would absorb the entire supply of 590 trillion SHIB tokens.
3. Each holder would then burn 9.1 million tokens, permanently reducing the supply.
4. The cost of burning these tokens would be half of the initial $194.50 investment.
5. This drastic reduction in supply could lead to a significant price increase, potentially pushing SHIB to $1.
6. This highlights the powerful influence the Shiba Inu community could have on the token's price with coordinated efforts.

#Therapydogcoin #MemeCoinTrending #WhichMemeCoin? #SCRSpotTradingOnBinance #BinanceLabsInvestsLombard

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Richard Teng
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Have you ever wondered who make up our global crypto community? šŸŒ

Hereā€™s an interesting read. Let me know if any of the findings surprise you! šŸ“Š

https://www.binance.com/en/blog/community/a-portrait-of-the-crypto-owner-what-do-we-know-about-web3s-early-majority-5128727549082059326
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Crypto_Laura
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If Shiba Inu (SHIB) were to surge to $0.001, a $100 investment would translate into approximately 4.46 million SHIB tokens. At this speculative price point, those tokens would hypothetically be valued at $12,547, marking an astonishing 12,447% return on investment. While such a scenario may seem ambitious, it's not entirely implausible considering the cryptocurrency market's propensity for wild price swings.
It's crucial to approach such speculative investments with a healthy dose of caution. Cryptocurrency markets are notoriously volatile, and prices can fluctuate wildly based on a variety of factors, including market sentiment, regulatory developments, and macroeconomic trends. Investing in SHIB or any other digital asset carries inherent risks, and investors should be prepared to potentially lose their entire investment.

That said, there are potential catalysts that could propel SHIB closer to the coveted $0.001 mark. Continued adoption and mainstream recognition, as well as strategic partnerships and ecosystem developments, could help drive demand for SHIB and increase its price over time. Additionally, broader trends in the cryptocurrency market, such as increased institutional interest or a bull market cycle, could provide tailwinds for SHIB's price appreciation.

However, it's essential to temper expectations and recognize that achieving a 12,400% rally is no small feat. While SHIB has demonstrated impressive price movements in the past, reaching $0.001 would require a significant influx of capital and sustained investor interest. As always, investors should conduct thorough research and exercise prudence when considering investments in speculative assets like SHIB.

In summary, while the prospect of SHIB reaching $0.001 is not outside the realm of possibility, it remains a speculative target that should be approached with caution. Investors should carefully assess their risk tolerance and investment objectives before allocating capital to assets like SHIB, and be prepared for the possibility of significant volatility along the way#TrendingTopic $SHIB
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Learn_With_Fullo
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Bullish
Shiba Inu: $1.2 Million SHIB to be Burned, First Step to $0.01?

Shiba Inu (SHIB) lead developerĀ Shytoshi KusamaĀ has teased that the project might undertake a massive burn soon. According to Kusama, almost $1.2 million worth of SHIB tokens might face incineration. SHIBā€™s burn rate has taken a back seat in 2023, with sporadic, untimely burns occurring randomly. SHIB fans, popularly called the SHIB Army, have called on developers to increase burns to decrease the tokenā€™s supply.

Kusamaā€™s hint suggests that Shiba Inuā€™s (SHIB) burn rate could see a spike very soon. SHIB burns on Shibarium, the projectā€™s layer-2 network, has also increased. According to the data on Shibburn, 50% of total burns now occur on the network. Burns on Shibarim take place with ShibaSwap Bone (BONE) as gas fees. So far, 1,367,845.42 BONE tokens have accumulated, worth approximately $1.2 million.Ā The gas fee will be converted to SHIB and sent to the dead wallet.

X userĀ randomartz3Ā suggested using the gas fee to burn BONE and SHIB. However, Kusama disagreed and said the gas fee would only go towards burning Shiba Inu (SHIB).

Can Shiba Inu (SHIB) hit $0.01 after burning $1.2 million tokens?

Removing $1.2 million worth of SHIB tokens will likely positively impact the popular memecoinā€™s price. However, given SHIBā€™s massive circulating supply, it is unlikely to hit $0.01. There are about 589 trillion SHIB tokens in circulation right now. The team needs to significantly reduce the tokenā€™s supply if its price has to reach $0.01.

Apart from the massive burn teased by Kusama, the Shibarium network recently forked to allow for more enhanced burns. However, the team has not revealed how many tokens will undergo burns after the hard fork.

Moreover, Shiba Inuā€™s (SHIB) price has once again dipped, adding a zero to its price after the decimal point. The crypto market has faced a correction, likely due to the US inflation data that is due tomorrow.
#SHIBFuture #SHIBSurge
lesson to be learned!
lesson to be learned!
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CZ
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There is a saying in Chinese, "trouble doesn't travel alone". ē„øäøå•č”Œć€‚

Well, I believe this 2nd trouble (my X account got temporarily suspended) is purely from the fact that I changed my profile name. It happened immediately after. The X bot detection algo needs some work, @Elon Musk . It doesn't detect all the bad bots, and wrongly targets the real humans. šŸ¤·ā€ā™‚ļøšŸ˜‚

Happy Thanksgiving everyone! šŸ¦ƒšŸ“šŸ—
Excited to see Shiba Inu grow big ā¤ļøā€šŸ”„
Excited to see Shiba Inu grow big ā¤ļøā€šŸ”„
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Learn_With_Fullo
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Shiba Inu (SHIB) Price Prediction: Can it Hit $0.00001 This Week?

Shiba Inu (SHIB), one of the most popular memecoins, has surged by nearly 10% in the weekly charts. Although the tokenā€™s price has struggled for most of 2023, it has shown strong growth since October. SHIB struggled to overcome the $0.000008 resistance level, but now it is getting closer to surpassing $0.000009.

Since January 2023, Shiba Inu (SHIB) has grown by about 10%. On the other hand, altcoins such as Solana (SOL) have surged by over 400% in the same time frame. Bitcoin (BTC), the original crypto, has surged nearly 120% since January. Hence, SHIBā€™s performance has been a little underwhelming so far in 2023.

Can Shiba Inu (SHIB) reach $0.00001 this week?

SHIB is now chasing the $0.00001 price level, last seen in August 2023. Despite having the highly anticipated Shibarium launch earlier this year, the assetā€™s price did not move much. The lack of price movement after the launch of Shibarium is most likely due to BTC not moving. SHIBā€™s price began to generate steam only after BTC reached a new yearly high.

According to the machine learning algorithm atĀ PricePredictions, SHIB will not reach $0.00001 anytime soon. The platform predicts SHIB to continue trading in the $0.000008 levels for the rest of November. However, PricePredictions does anticipate the token to reach $0.000009 by early December.

Furthermore, CoinCodex does not anticipate Shiba Inu (SHIB) to reach $0.00001 in November. As per the platform, SHIB may attain a maximum price of $0.000009777 on Nov. 28, 2023.

If BTC continues its winning streak, SHIB may also follow. BTC is currently leading the crypto market, and its rally may lead to SHIB deleting a zero.
#ShibaInuUpdate #ShibaInuMystery
wow interesting
wow interesting
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Even with super low fees, BNB Chain ranked 3rd in terms of fees collected among all the L1s and L2s. Ethereum and Bitcoin are still taking the lead. source: cryptofees
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Binance Announcement
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Locked Products Update: Enjoy Up to 10.9% APR with SOL & NEAR!
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Simple Earn is pleased to announce Locked Products update on SOL and NEAR. Subscribe starting from 2023-11-09 12:00 (UTC) to earn rewards of up to 10.9% APR!
Subscription Format: First-come, first-served basis.Reward Calculation Period: From 00:00 (UTC) on the day after you subscribe to Locked Products, until the end of the subscription period.Rewards Distribution: On a daily basis.
Offered Products (Locked Products)
DigitalAssetsDurationStandard APRMin. Subscription Limit per UserMax. Subscription Limit per UserSOL14 Days (New)4.20%0.01 SOL30,000 SOL30 Days4.90%0.01 SOL30,000 SOL60 Days5.90%0.01 SOL10,000 SOL90 Days7.90%0.01 SOL10,000 SOL120 Days9.80%0.01 SOL500 SOLNEAR14 Days (New)5.40%0.1 NEAR50,000 NEAR30 Days6.80%0.1 NEAR100,000 NEAR60 Days7.50%0.1 NEAR10,000 NEAR90 Days8.90%0.1 NEAR10,000 NEAR120 Days10.90%0.1 NEAR10,000 NEAR
How to Get Started
Head to [Earn], and search for SOL or NEAR.Select Duration, and subscribe with SOL or NEAR to start earning up to 10.9% APR daily!
Subscribe Now!
Please note:ļ»æ
Binance reserves the right to adjust the APR any time without prior notice, please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.Binance Simple Earn will redeem the digital assets/digital currencies subscribed to Simple Earn Locked Products to Flexible Products at the end of the agreed subscription period. The value of digital assets/digital currencies fluctuates and is subject to change.Users may view their Locked Products subscriptions by going to Wallets > Earn > Simple Earn > Locked.Users may enable the ā€œAuto-Subscribeā€ function before completing subscriptions to Locked Products, which will automatically renew usersā€™ existing Locked Products position into a new position of the same duration upon expiry.Unlock period for Locked Products: One day.Locked Products FAQ.About early redemption for Simple Earn Locked Products: Users may redeem their assets in advance. After choosing early redemption, digital assets will be returned to the spot account, and users will not be entitled to any rewards. Any distributed rewards will be deducted from the refunded principal. It may take 48-72 hours to receive the digital assets.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-11-09
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