🌖 Terra Luna Classic Price Prediction Amid 14% Upsurge In Trading Volume, Targeting $0.0002?
Cryptocurrency prices are in the red for the third day in a row while the Terra Luna Classic price prediction reveals a potential uptick in price to $0.0002 if certain conditions are met. LUNC, the token powering the ecosystem is down 2.77% to hover at $0.0001015 during US business hours on Wednesday.
According to data by CoinMarketCap, although Terra Classic’s market cap has corrected to $588 million, a modest 14% increase in the 24-hour trading volume cannot be ignored. This surge to $25 million implies that investor interest is growing—and this bullish outlook.
🐶 Shiba Inu Coin Burn Rate Rockets 3010% As Community Burns 232M SHIB
During the prevailing bearish trend, the Shiba Inu (SHIB) meme coin has registered a phenomenal increase in its token burn rate. Data from Shibburn, a platform that monitors the burning of SHIB tokens, shows a surge of nearly 3010% on Wednesday, June 12. Moreover, more than 232 million SHIB tokens were incinerated by the community.
Shiba Inu Coin Burn Rate Skyrockets This significant rise in token burning occurred during a period when the Shiba Inu coin price was declining. By decreasing the circulating supply of SHIB, the burn rate has the potential to boost the token’s value. Over the past day, the SHIB token burn rate skyrocketed by an astounding 3010.53%, as per Shibburn’s data.
During this timeframe, the Shiba Inu community collectively burned 232.64 million SHIB tokens through multiple transactions. Furthermore, one wallet address stood out as the SHIB burn rate shot up. The wallet address, 0xd9a…, burned a whopping 225.63 million SHIB tokens by transfer to a dead wallet in a single transaction.
Additionally, two other wallets made significant contributions by burning over 1 million tokens across various transactions. The second wallet, 0xa9d…, moved 3.18 million SHIB coins to a dead wallet via two transactions. In addition, another address, 0xc58…, shifted 1.69 million SHIB to a dead wallet.
Other Shiba Inu community members also contributed by conducting several smaller token burns, further increasing the burn rate. As a result, the total number of burned SHIB tokens has reached an impressive 410.72 trillion.
🐶 Here’s Projected Shiba Inu (SHIB) Price if Ethereum Rises to $25,000
Canine-themed meme crypto asset Shiba Inu (SHIB) remains one of the exciting crypto prospects with great potential to reward its holders. After gracing the crypto market in 2020, the meme coin has taken its owners on a wild run characterized by massive profit returns.
Consequently, the coin has witnessed a surge in its holders’ base, especially as we continue to edge closer to an imminent bull run with the potential to orchestrate SHIB to a new all-time high (ATH).
Statistical Data Corroborates The Surge In The SHIB Holders’ Claim According to SHIB’s statistical data summary on IntoTheBlock, the “Holders Making Money at Current Price” revealed that 58% of the meme coin holders are recording profits, 4% are neither losing nor gaining, while the remaining 37% are accumulating losses.
The above statistics imply that 37% of SHIB holders had accumulated the token at selling prices, higher than its current approximated $0.000024 market valuation. Notedly, the only period the coin has traded above its current status was between March and now. Hence, it indicates that the coin boasts a significant new holders pool.
Other relevant statistics indicated that most SHIB owners are whale investors, as they made up 73% of the coin’s “Concentration by Large Holders” index. In addition, “Holders Composition by Time Held” data indicated that 76% have owned the token for over a year, 21% have held on to it between 1 to 12 months, and only 3% have owned it for less than a month.
Initially gaining traction as a meme cryptocurrency riding the Dogecoin wave, Shiba Inu has steadily strived to establish itself as a legitimate player in the crypto market.
This shift in focus is evident through the development of Shibarium, a Layer 2 scaling solution, and the SHIB Eternity game, both of which showcase the project’s broader ambitions.
Kusama’s recent comments further solidify this evolving image, hinting at a potential future project that could be a major step forward for Shiba Inu.
The SHIB Community Awaits: A New Era for Meme Coins? The Shiba Inu community is abuzz with anticipation for the specifics of this upcoming project. Kusama’s cryptic message suggests it might directly address sustainability issues and ethical considerations raised by Buterin.
Whether this initiative will set a new precedent for crypto projects remains to be seen, but it has the potential to be a watershed moment for the meme coin sector, potentially demonstrating that meme-inspired projects can evolve into something far more substantial.
Initially gaining traction as a meme cryptocurrency riding the Dogecoin wave, Shiba Inu has steadily strived to establish itself as a legitimate player in the crypto market.
This shift in focus is evident through the development of Shibarium, a Layer 2 scaling solution, and the SHIB Eternity game, both of which showcase the project’s broader ambitions.
Kusama’s recent comments further solidify this evolving image, hinting at a potential future project that could be a major step forward for Shiba Inu.
The SHIB Community Awaits: A New Era for Meme Coins? The Shiba Inu community is abuzz with anticipation for the specifics of this upcoming project. Kusama’s cryptic message suggests it might directly address sustainability issues and ethical considerations raised by Buterin.
Whether this initiative will set a new precedent for crypto projects remains to be seen, but it has the potential to be a watershed moment for the meme coin sector, potentially demonstrating that meme-inspired projects can evolve into something far more substantial.
In a groundbreaking development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) approved eight Spot Ethereum ETFs on Thursday, May 23, 2024. Among those reacting to this news was Shiba Inu’s lead developer, Shytoshi Kusama. Moreover, the dev hinted at the possibility of a Shiba Inu (SHIB) ETF and teased major future upgrades for the ecosystem.
Shytoshi Kusama On Shiba Inu ETF Kusama took to X (formerly Twitter) to congratulate Ethereum on the milestone. “Congrats to our frens at ethereum on the ETF APPROVAL!” Furthermore, he teased a potential Shiba Inu ETF in the future. He questioned, “Does this pave the way for #SHIB?” However, there was no clear indication of the same as he left the community to decide on it.
Shiba Inu’s Kusama wrote “I’ll let you decide… I’ll stay focused on what we have coming. #STAYTUNED.” Furthermore, it implies that they are having several updates coming up, further instilling confidence in the SHIB ecosystem.
In addition, this message has ignited speculation among Shiba Inu investors and enthusiasts, suggesting that the meme coin might follow in Ethereum’s footsteps with its own ETF. The SEC’s approval of the Ethereum ETFs was unexpected, given the agency’s recent inactivity in engaging with issuers.
Hence, the eight approved ETFs include offerings from financial heavyweights such as VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise. These ETFs will be listed on major exchanges including CBOE, NYSE ARCA, and NASDAQ. Moreover, it’ll broaden Ethereum’s accessibility to a wider range of investors.
Shiba Inu’s (SHIB) performance in May has been underwhelming to many crypto traders. The market rally of March boosted demand for meme coins like Shiba Inu (SHIB). This caused a spectacular rally that took Shiba Inu’s (SHIB) market capitalization to $17 billion in late March.
SHIB traded at $0.00002867 at the start of April. It dropped by 26.15% to $0.00002117 two weeks later. SHIB fell by 6.99% to $0.00002265 at the start of May. It then rose by 11.52% to $0.00002526 two weeks later.
Shiba Inu’s (SHIB) DeFi services have been rising since the official launch of its Shibarium layer in 2023. In May 2024, Shiba Inu (SHIB) announced that Shibarium had completed its first-ever hard fork.
Furthermore, liquid staking services will soon go live on Shibarium thanks to a partnership with K9 Finance. Analysts say increased DeFi activity in Shiba Inu’s ecosystem could push SHIB’s value up by 40.30% to $0.00003544.
🐶 When can Shiba Inu (SHIB) realistically hit $0.05?
Shiba Inu (SHIB) seems to be consolidating around the $0.000024 level. The asset witnessed a surge earlier this year in March, following Bitcoin (BTC) hitting a new all-time high. However, SHIB’s price has gradually fallen since its March peak. The asset is down 2.7% in the daily chart and over 3% in the 14-day chart. Nonetheless, SHIB’s price is still up by 6.6% in the weekly chart and 4.3% over the previous month.
According to Changelly, Shiba Inu (SHIB) could hit a maximum price of $0.03319668 in 2050, about 26 years from now. Therefore, the platform does not anticipate SHIB to hit $0.05 anytime before 2050. Telegaon, on the other hand, predicts SHIB to hit $0.05 sometime between 2035 and 2040. The platform anticipates SHIB to hit a maximum price of $0.089 in 2040.
SHIB’s massive supply is one of its most significant barriers to its price. However, the SHIB team has said they are working on a new burn mechanism, rumored to burn trillions of tokens a year. If the team can drastically reduce the project’s supply, we may reach the $0.05 level much sooner than predicted.
Shiba Inu is not the only crypto project to have adopted a burning mechanism, with Binance Coin (BNB) and Floki Inu (FLOKI) being some evedent examples.
The team behind BNB conducts quarterly burns, a process that involves buying back and permanently destroying a portion of the asset from the market, funded by a chunk of Binance’s profits. The ultimate goal is to reduce the total supply to 100 million BNB. The latest such action occurred at the end of April and resulted in 1,944,452.51 tokens being burned.
For its part, the Floki DAO (the decentralized autonomous organization that governs the meme coin Floki Inu) recently decided to destroy over 15 billion assets. The vote was passed with an overwhelming majority of 99.84%.
The initiative coincided with a substantial green wave for the meme coin’s price. FLOKI is up 15% on a weekly scale and 37% monthly. The asset’s market capitalization is inching toward the $2 billion mark, making in the fifth-biggest in its realm and the 59th largest cryptocurrency.
A Shiba Inu whale amassed over 600 billion SHIB, sparking optimism for a price rally amid market corrections. This accumulation, amidst SHIB's sideways movement, fueled bullish sentiments despite its price fluctuations. The whale's confidence in the asset, showcased through significant accumulation, prompted investors to anticipate a price surge. On-chain metrics also supported this optimism, indicating increased investor interest in SHIB. The token's price saw a 1.8% increase, currently trading at $0.00002833, aligning with the whale's accumulation. Derivatives data highlighted a strong market uptrend, with increased open interest and trading volume, further boosting confidence in SHIB's future price action. Additionally, analysis suggested a bullish continuation pattern in SHIB's chart, reinforcing positive expectations for its price trajectory.
SHIB Sizzle: Fire Up Your Cryptocurrency Portfolios With Shiba Budz & Shiba Inu
Shiba Inu (SHIB) has risen as a standout meme coin, captivating investors globally. Now, a new player, Shiba Budz (BUDZ), enters the scene, aiming to infuse humor and practicality into the meme coin market.
Shiba Inu (SHIB) boasts a strong community, known as the "SHIB Army," and has pioneered initiatives like ShibaSwap. Shiba Budz (BUDZ) follows suit, blending real-world utility with meme coin appeal.
Investors eye Shiba Budz (BUDZ) to diversify alongside their SHIB holdings. Both coins coexist, fostering healthy competition and collaboration, enriching the meme coin ecosystem.
The rise of SHIB and BUDZ showcases the dynamic nature of cryptocurrency, offering investors an engaging journey beyond speculation, promising community, innovation, and financial opportunities. #SHIBA🔥
Terra Luna Price Prediction: The Project Built On Shaky Ground?
The rise and fall of Terra Luna resemble a pine tree in sand: growing rapidly but with shallow roots, vulnerable to storms. Initially hailed for its innovative stablecoin concept, Terra Luna's catastrophic collapse in 2022 erased billions from the market, leading to a community-led reboot. Now, trading at $US1.21 after a tumultuous journey, its future is uncertain.
Despite recent gains, Terra Luna's outlook remains bleak. While market surges may temporarily boost its value, inherent weaknesses and competition from more established projects like Ethereum pose significant challenges. Ethereum's scalability improvements and the vibrant ecosystems of other alternative blockchains further dampen Terra Luna's prospects.
Investing in Terra Luna requires careful consideration. While short-term gains are possible in a bullish market, its long-term viability hinges on its ability to compete against stronger competitors and build a robust ecosystem.
Terra Luna Classic Price Prediction: 300% Pump, 40% Dump, Is the Worst Yet to Come?
Terra Luna Classic (LUNC) is testing the 50% Fibonacci ratio and could see declines to the 200 EMA confluence before the next rebound. Despite most cryptocurrencies recovering, LUNC continues its decline. Bitcoin surged past $43,000 after the Federal Reserve's announcement of three rate cuts in 2024. Ethereum, Solana, and Cardano also bounced back, with Ether nearing $2,300 and Solana hitting $80. However, LUNC faces challenges after an initial rally following a community proposal, with a 300% increase halting and leading to retracement. Traders may have started shorting LUNC, targeting profits based on the 50% Fibonacci retracement ratio. With LUNC's price below key moving averages, further declines are possible. #LUNC✅ #LUNC/USDT #LUNCBURN
The cryptocurrency market, known for its volatility, has seen Shiba Inu (SHIB) rise beyond its meme coin origins, attracting global investor attention. Despite current slight downturns, SHIB has shown a notable 21.64% increase over the past month, indicating broader appeal. Forecasts from Telegaon suggest SHIB could integrate into payment systems and reach $0.089 by 2040, with the tantalizing prospect of hitting 5 cents. However, caution is advised as cryptocurrency predictions are speculative and influenced by market sentiment, regulations, and technology. The journey to 5 cents for SHIB by 2040 remains uncertain, promising excitement and unpredictability. USDT TRC20
Shiba Inu: AI Predicts SHIB Price For April 5, 2024
Shiba Inu's (SHIB) price experienced a notable decline today, down 6.4% daily and 8% weekly. However, it's up by 9.2% in the 14-day charts, 27.6% monthly, and 140.5% since April 2024. Despite the correction, there's speculation SHIB might break out soon, especially with Bitcoin's upcoming halving cycle potentially sparking a market rally. Analysts predict SHIB could reach $0.00003159 by April 5, 2024, and hit a new all-time high of $0.00009452 by April 30, 2024. Changelly forecasts even more bullish scenarios, with SHIB potentially reaching $0.00003976 by April 5 and $0.000100 by April 30. This optimism is largely attributed to BTC's halving event, expected to reduce supply and potentially trigger a market-wide surge. #SHIBA🔥 #SHIBA🔥 #SHIBA✅🚀
In March, the Shiba Inu project significantly increased efforts to reduce the circulating supply of its SHIB token, burning over 15 billion SHIB. Led by the development team, these burns aim to create scarcity and potentially increase SHIB's value. Despite a recent slowdown in daily burns and a decline in transactional activity on Shibarium, the project continues to see overall growth in transactions. These efforts align with strategies common in cryptocurrency projects aiming for sustained growth and could impact SHIB's future market performance. #SHIB🔥🔥 USDT TRC20
Shiba Inu, known as the "Dogecoin killer," experienced a remarkable 4000% surge in its burn rate, generating positive sentiment among investors regarding its price movement. Despite a drop in SHIB's price to $0.000026, the surge in burn rate, attributed to the destruction of 154.99 million SHIB in 24 hours, has sparked optimism in the market. This decrease in supply counteracts the price drop, fostering enthusiasm for the meme coin's future performance. However, recent data indicates a slight decline in SHIB's price and market interest, with a 0.24% drop in price over 24 hours and reduced derivatives volume. Nevertheless, some analysts predict potential price support if the token continues to decrease its supply, while others warn of a retest of the $0.00002368 level if broader market pressures persist.
Expert Analysis: Shiba Inu (SHIB), Pepe Coin (PEPE), and Retik Finance (RETIK) – Are These the Best Coins to Turn $1000 into $100,000 within Months?
Crypto investors are eyeing Shiba Inu (SHIB), Pepe Coin (PEPE), and Retik Finance (RETIK) for potential high returns. SHIB, known as the "Dogecoin Killer," attracts traders with its meme coin status but faces long-term uncertainties. PEPE, inspired by the internet meme "Pepe the Frog," focuses on digital art and DeFi, boasting a strong community but modest price performance. RETIK sets itself apart with a range of DeFi services, receiving attention for its security and community engagement. While SHIB and PEPE offer short-term trading opportunities, RETIK emerges as a promising option for long-term growth. Investors should exercise caution due to crypto market volatility.