Shiba Inu (SHIB) Burn Rate up 1,000%, Price Shows Immediate Reaction. Shiba Inu (SHIB) has witnessed a significant milestone as the burn rate for the token has surged by an astonishing 1,000%, and the token's supply keeps on s hrinking. Unfortunately, it might not be enough. Analyzing the recent price chart of SHIB, the currency demonstrates a notable response to the burn. Despite the broader market's movements, SHIB has managed to carve its own path. Post-burn, a slight uptick in the price showcases the immediate impact of reducing the circulating supply. This is viewed positively by holders who anticipate that a decrease in supply with steady or increasing demand could lead to a price increase. The price chart illustrates SHIB navigating through a consolidation phase, with a recent breach below a critical ascending trendline. This breach was quickly followed by a recapturing of the trendline, indicating that the burn news may have spurred investor confidence, leading to buying pressure that helped SHIB regain its footing above this technical support level. In the grand scheme of things, the overall cryptocurrency market, as depicted by the Bitcoin (BTC) chart, shows a healthy consolidation pattern, with Bitcoin maintaining a steady position near its recent highs. Bitcoin's price action often sets the tone for the altcoin market, and its current strength provides a stable backdrop for coins like SHIB to capitalize on individual catalysts, such as the burn event. The fact that SHIB's price has shown resilience and an immediate reaction to the burn event, even when Bitcoin's price is experiencing a consolidation phase, highlights the relative independence of meme tokens from Bitcoin's performance. However, investors should keep in mind that assets like Shiba Inu tend to follow bigger meme coins or altcoins like Ethereum, which in their turn are heavily affected by Bitcoin's movements. #BinanceTournament

Since its inception in August 2023, Shibarium, a layer 2 blockchain network developed by the same team that produced Shiba Inu ( $SHIB ), has been operating successfully. It has surpassed four million transactions and reached over 1.25 million wallets, among other noteworthy milestones. The prices of #SHIB and $BONE have fluctuated despite Shibarium's development; in the previous ten days, SHIB's price has dropped by 10%. #Shibarium has received praise for its performance, with NowNodes attesting to the fact that it is the "best performing" network within the blockchain ecosystem. Since the SHIB tokens have not yet been burned, it is unclear how well Shibarium performed in driving the price of #Shiba Inu to $0.01. The network's performance is seen to be essential to assessing the Shiba Inu's usefulness.The developers behind Shiba Inu (SHIB) established Shibarium, a layer 2 blockchain network, and it has performed admirably, reaching notable milestones including four million transactions and over 1.25 million wallets. But there have been swings in both SHIB and #BONE 's prices; over the past ten days, SHIB's price has dropped by 10%. Although Shibarium has increased in value, it is still unclear how well it will perform in driving Shiba Inu's price to $0.01 because SHIB tokens have not yet been burned. The network's performance is thought to be essential to assessing the ecosystem's utility for #ShibaInu .

300 Billion Shiba Inu (SHIB) Received by Anonymous Whales: Who Is It? A staggering 300 billion SHIB tokens have been transferred to an anonymous wallet. The transaction, originating from cryptocurrency exchange Binance, raises the question: Who is behind this whale-siz ed movement? The transaction hash, viewable in the blockchain's immutable ledger, confirms the transfer's success. With a transaction fee of a mere $3.73, the move has been economically executed, and yet it represents a significant shift in SHIB's token distribution. Given the magnitude of the transfer, the recipient could be an entity with substantial market influence, perhaps an institutional investor or a large-scale crypto entity positioning itself on the meme coin market. The wallet in question, now loaded with an influx of SHIB, has been active, with a pattern of large-scale acquisitions from Binance over the past few weeks. This pattern suggests strategic accumulation, possibly for liquidity provisioning, investment or even preparation for further token burns, which could impact the coin's value. In addition to the transactional activity, the technical analysis of SHIB's price chart offers insights into potential market movements. The chart displays a descending triangle formation, with the price recently breaking below the lower trendline, indicating a bearish outlook. This technical breakdown could lead to further price depreciation if the pattern follows through. However, it is worth noting that the price is hovering above a crucial support level, with the 50-day moving average acting as a potential springboard for a price rebound. Should the anonymous wallet's activities influence market sentiment, we could see an upward price correction as part of a broader response to the wallet's accumulation strategy. It is also possible that the anonymous wallet is tied directly to Binance and could be used for internal operations and liquidity management, which means that such a large transfer will not have any effect on the Shiba Inu market. #BinanceTournament

TL;DR BUSD Support Ends: Binance to cease support for BUSD products from December 15, 2023, with all BUSD withdrawals stopping on December 31. Balances will be converted to FDUSD at 1:1. Trading Pair Removals: Key trading pairs including XRP/BUSD and BTC/BUSD will be removed. Certain countries are excluded from these changes. Cryptocurrency Delisting: Binance to delist BitShares, PERL.eco, Tornado Cash, and Waltonchain by December 7 due to factors like low trading volume, impacting their prices. Binance’s Latest Amendment The world’s largest cryptocurrency exchange in terms of trading volume – Binance – said it will cease support for BUSD products on December 15, 2023.  “Please be assured that BUSD will always be backed 1:1 by USD. Paxos has stated that BUSD will remain supported by Paxos and redeemable through at least February 2024,” the company added. Binance encouraged clients to withdraw or convert their BUSD holdings into other assets before the aforementioned deadline. It is worth noting that users are allowed to trade their BUSD balances for FDUSD at zero trading fees. All BUSD withdrawals will be disabled on December 31, 2023, and remaining balances will be automatically converted to FDUSD at a 1:1 conversion rate. Binance users in Japan, France, Italy, Poland, and Kazakhstan are excluded from the amendments. The exact trading pairs that will be removed include XRP/BUSD, ADA/BUSD, SHIB/BUSD, BTC/BUSD, ETH/BUSD, DOT/BUSD, and many more. Binance’s Previous Delisting The trading venue also announced that it will remove four cryptocurrencies from its platform on December 7. Those are BitShares (BTS), PERL.eco (PERL), Tornado Cash (TORN), and Waltonchain (WTC). The reason behind the move seems to be a variety of factors, such as reduced level of development activity, low trading volume and liquidity, evidence of unethical/fraudulent conduct or negligence, and others.  The disclosure seemed to have negatively affected the price of the aforementioned assets. TORN has plunged by over 50% in the past seven days, while PERL has collapsed by almost 70% for the same period.   The post Important Binance Announcement Affecting Ripple (XRP), ADA, SHIB Holders appeared first on CryptoPotato.

Shiba Inu: How Much Money Can You Earn if SHIB Reclaims Its ATH? Shiba Inu’s value has faced challenges recently, but the growing adoption of the Shibarium network and improved market sentiment might propel the meme coin’s price. SHIB’s remarkable price surge of 1000% back in October 2021 had given hope to SHIB holders. This was when the asset reached its all-time high of $0.00008616. It has now been 23 months since that milestone, and SHIB has encountered ongoing difficulties in reattaining that position. However, the bets on the asset continue to grow. This article will explore the potential earnings from a $1,000 investment today, should Shiba Inu achieve its previous all-time high. It should be noted that SHIB is currently trading at $0.000007343, with a daily drop of 0.34%. The asset’s market cap is currently $4.33 billion. From $0.00000734 To $0.00008616: How much can a $1000 investment in Shiba Inu rake in? To attain this milestone, the initial requirement is to shed one decimal place. Presently, the asset aims to trim its fifth decimal digit. Nevertheless, accomplishing this task is challenging due to the rather subdued state of its ecosystem. Even with the introduction of Shibarium, there was minimal impact on the asset’s performance. Given its current price, SHIB would need to surge by 1071% to reach its all-time high. Investing $1,000 at the current price of $0.00000734 per SHIB could result in investors acquiring 136 million tokens. Should Shiba Inu surpass its all-time high in the future, the $1,000 investment made today could potentially grow to $11,747. While this isn’t a life-changing amount, it should be noted that SHIB is no longer in its ‘Halycon Days.’ Whether Shiba Inu can reach its previous peak hinges on a range of factors, such as the broader performance of the cryptocurrency market, investor enthusiasm, and the achievements of SHIB-related initiatives or projects. Therefore, it is crucial to undertake comprehensive research and assess the inherent risks of cryptocurrency investments. #SHIBFuture #BinanceTournament

2 Shiba Inu Investors Earn 113,824% Profit and Become Millionaires Two jobless brothers managed to convert a $7,900 investment in Shiba Inu into millions. Tommy, 38, and James, 42, from New York City, stepped into the SHIB market during its initial days in 2020. The brothers had lost their jobs during the COVID period. Nevertheless, this did not stop them from becoming millionaires. How Did the SHIB Investors Become Millionaires? A report from CNN Business revealed that a friend of the duo told them about Shiba Inu, highlighting that it was a spinoff version of Dogecoin. Since SHIB was trading at multiple zeros at that time, it was quite cheap and affordable. The brothers decided to invest $200 each, i.e., $400 in total. Their investment’s worth rose to $1,200 within a week, despite the macro uncertainty. Surprised by the 300% profits, the brothers then asked their mother and sister to lend money to buy additional SHIB tokens. The family had their own doubts about the investment. They lent $100 each for a start. The investment again doubled in a few days. That was when they decided to invest more in SHIB. The family arranged another $7,300 the same month and accumulated additional Shiba Inu tokens. The household invested a total of $7,900 into SHIB. They saw their investment first double and then reach $700,000. Within no time, it ballooned to $1 million. One of the brothers exclaimed, “The day it hit a million — my mom and sister, they didn’t think it was real.” In mid-May 2021, a few days before the flash crash, CNN Business confirmed the value of their investment by checking their coin wallet and transaction history. According to their report, the family’s initial stake of $7,900 was worth nearly $9 million. This marked a whopping 113,824% rise. #BinanceTournament #ShibaInuUpdate

Shiba Inu (SHIB) was developed to answer a simple question: What if a cryptocurrency project was 100% run by its community? SHIB is a token designed to be an Ethereum-compatible alternative to Dogecoin (DOGE). Like DOGE, SHIB is plentiful – with an initial circulating supply of 1,000,000,000,000,000 chips. The Shiba Inu ecosystem also supports projects such as an NFT art incubator and a decentralized exchange called Shibaswap. The cryptocurrency has seen tremendous growth since its launch, and today it is one of the top 20 cryptocurrencies by market capitalization. Combined with the current news about what’s happening in the world of cryptocurrencies, it’s likely that the chip’s price will continue to rise, providing even more reasons to invest in SHIB. The Shiba Inu burn has surpassed the 4.4 billion chip milestone and received more optimism from particularly interested cryptocurrency investors. This ongoing Shiba Inu burning strategy is likely to see a rally in the near future while its value remains unchanged in the list of top cryptocurrencies. It is inferred that ShibaSwap 2.0 will support this new destruction mechanism of Shiba Inu destruction strategy. This could take SHIB to the next level, just as its community expects. According to recent

The post Top Crypto That Sets To Skyrocket After Bitcoin Halving  appeared first on Coinpedia Fintech News The cryptocurrency market is experiencing a slight retreat from its recent peaks, but the outlook remains optimistic. Bitcoin has pulled back to around $37,100, a 1% decrease, after surpassing $38,000 last week, while Ethereum has declined 1.5% to about $2,020. Despite these dips, the market sentiment is bullish, with Bitcoin rallying over 30% since early October, fueled by hopes of a U.S. spot Bitcoin ETF approval and a favourable macroeconomic backdrop. Anticipated for the spring of 2024, the forthcoming Bitcoin halving is largely projected to occur around mid-April. Occurring once every four years, these halvings have historically been critical moments for the cryptocurrency market, often igniting significant bull runs. This leads to the question: which cryptocurrencies will emerge as leaders in 2024, both in terms of price growth and resilience? This article explores the hypothesis that mirroring the aftermath of past halvings, the 2024 Bitcoin halving will initiate a bullish trend in prices. However, it’s important to note that such an outcome is not guaranteed, and the past performance is not a reliable indicator of future results, especially in the volatile world of cryptocurrencies. Let’s have a look at the estimates and computations and, maybe,  make a few assumptions on the basis of the most probable outcomes.  In light of the alterations in the industry, keep in mind that smaller projects are more likely to demonstrate remarkable growth. Summary  ScapesMania: Notable presale success in crypto, supported by a strong team. Solana (SOL): Transaction surge, but network and competition issues persist. Chainlink (LINK): Launches Staking v0.2 to enhance ecosystem, market impact uncertain. Cardano (ADA): Nears research breakthrough, growth hinges on practical application. Dogecoin (DOGE): Sees transaction and interest spike, possibly prepping for a rally. Shiba Inu (SHIB): Faces December challenges, but could recover despite price risks. ScapesMania: A New Contender in the Crypto Arena Many crypto experts pick ScapesMania as the best new project of 2023 and beyond. It manages to separate itself from the competition by offering holders a multitude of revenue streams and high potential ROIs during presale.  Companies and individual crypto traders looking for fast potential gains should definitely look into ScapesMania’s proposition. Once the presale finishes, the price will soar, securing possible returns in the range of 400-500%. Right now, there’s an active discount of close to 85%, but it won’t last forever – the clock is ticking and all interested in leveraging this offer need to act fast. When dissecting the tokenomics and other features of ScapesMania, it becomes clear that it’s the best altcoin to hold now. The innovative gaming-related core idea, impressive presale numbers, $150,000 giveaway, undying social media hype, and other positive aspects can guarantee that ScapesMania will continue on its winning journey, so it makes sense to get involved as soon as possible. Solana (SOL): A Surge in Transactions Signaling a Bright Future Solana (SOL) has experienced a significant surge in its daily transaction count, reaching a historic high of 51.63 million transactions. The transaction volume far exceeds those of competing protocols like Ethereum, Polygon, Aptos, and Near Protocol, indicating Solana (SOL) growing prominence in the blockchain space. Solana (SOL) price has responded positively to this surge in transaction volume. Solana (SOL) had increased by 9.37% to $59.88, with a weekly surge of 9.64%. This price movement is supported by a 6% boost in trading volume, bringing Solana (SOL) traded value to $1,637,977,477, ranking it fifth among all cryptocurrencies.  The network’s resilience, demonstrated by its return to pre-FTX price levels, suggests a strong foundation for growth. However, challenges remain, including maintaining network stability and continuing to innovate to stay ahead of competitors. If Solana (SOL) can sustain its transaction momentum and address these challenges, it could see further price appreciation and solidify its position in the market. Chainlink (LINK): Staking and Its Impact on Market Dynamics Chainlink (LINK) launched Staking v0.2, marking a significant development in its ecosystem. This update follows Chainlink (LINK) integration with several chains, including ChainGPT and Beefy Finance, and builds upon previous collaborations across six chains like Ethereum and Polygon. The staking update aims to enhance security, flexibility, and introduce a dynamic rewards mechanism, reflecting Chainlink (LINK) commitment to continuous improvement and innovation. Chainlink (LINK) trading value had seen an increase of 5.27% over the last 24 hours, trading at $14.70. This short-term increase also mirrors a 3.84% growth over the past week.  The introduction of Staking v0.2, with an expanded pool of 45 million Chainlink (LINK) tokens, presents significant prospects for Chainlink (LINK). The staking feature is expected to attract more users and enhance network participation, potentially leading to increased demand for Chainlink (LINK). However, the impact of this update on Chainlink (LINK) price remains to be seen, especially considering the current market conditions.  Cardano (ADA): Celebrating Milestones and Eyeing Future Growth Input Output Global, the creator of Cardano (ADA), is nearing an impressive milestone of 200 peer-reviewed research papers. These papers, accepted at renowned academic conferences, underscore Cardano (ADA) commitment to a research-driven approach in blockchain technology. Cardano’s (ADA) focus on the development and achievement of milestones is likely to foster investor confidence. This could positively influence its market valuation, provided these advancements translate into practical and widely adopted solutions. Cardano (ADA) future looks promising, given its strong emphasis on research and development. With advancements like the integration of Hydra Nodes and the exploration of Artificial Intelligence through the beta launch of Girolamo, an internet-enabled generative chatbot, Cardano (ADA) is poised for further growth. However, the challenge lies in translating these academic achievements into practical, market-driven solutions that can attract users and investors. If Cardano (ADA) can successfully bridge this gap, it could see significant appreciation in its value. Dogecoin (DOGE): Beyond the Meme, a Rising Transaction Tide Dogecoin (DOGE) has seen a notable increase in transactions, largely attributed to the rise in meme coin trading and the activity surrounding Doginals. Doginals, an experiment inspired by Bitcoin Ordinals, allows users to inscribe images and texts on the Dogecoin (DOGE) blockchain. This innovation has brought attention back to Dogecoin (DOGE), despite the mixed performance of DRC-20 tokens, a type of token introduced in the Dogecoin (DOGE) ecosystem for trading. The overall trading volume of Dogecoin (DOGE) has experienced an upward trend. Its volume increased to 606.13 million, with Dogecoin (DOGE) price at $0.080. This represents an 8.68% increase over the last seven days. The increase in Dogecoin (DOGE) holders, now totalling 5.31 million, and the rise in active addresses indicate a growing interest in the coin. If this trend continues, Dogecoin (DOGE) might be poised for another rally. However, the coin’s performance is closely tied to market sentiment and the success of its innovations like Doginals and DRC-20 tokens.  Shiba Inu (SHIB): Bracing for a December of Uncertainty Shiba Inu (SHIB) is facing a critical period as historical data indicates a pattern of price drops in December. This trend, observed since Shiba Inu (SHIB) inception, has seen double-digit percentage declines each December for the past three years.  In the past, December has been a challenging month for Shiba Inu (SHIB), with notable dips such as a 29.5% drop in 2021 and a 13.5% decrease in 2022. The average and median value for Shiba Inu (SHIB) during these months stands at around a 21.5% decline. This historical trend suggests that Shiba Inu (SHIB) could potentially face a downturn, possibly reaching lows around $0.00000653 per token. Despite the historical trend of December downturns, Shiba Inu (SHIB) has shown signs of breaking negative patterns, as evidenced by its performance in November 2023, where it concluded with a gain of 6.83%. This resilience indicates that while Shiba Inu (SHIB) may be bracing for a volatile December, there is potential for the token to defy these trends. Conclusion The cryptocurrency market is navigating through a mixed trend, with Bitcoin and Ethereum going through slight decreases, set against a backdrop of strong investor anticipation for a U.S. spot Bitcoin ETF. In this fluctuating market, cryptocurrencies like Solana (SOL), Chainlink (LINK), Cardano (ADA), Dogecoin (DOGE), Shiba Inu (SHIB), and ScapesMania remain poised for growth, each facing unique challenges and opportunities in the dynamic digital asset landscape. In the event of Bitcoin halving, it seems as if it’s the newcomer, ScapesMania, that has more to gain than any other project mentioned in this text. If positive projections wind up being correct, holders might see even more than x5 ROI after the listing.

🐋 Crypto Titan Alert! Whale's Selective Surge Continues! 🚀💼 In a remarkable move just 3 hours ago, a crypto titan—bearing the mark of an astute investor—has orchestrated a withdrawal of significant assets from #Binance . 🌊 Whale's Withdrawal 3 Hours ago: 300,000,000,000 $SHIB (valued at $2.47M) 16,000,000 $CHZ (valued at $1.18M) 6,000 $ETH (valued at $12.16M) 🔗 Explore the Whale's Domain: Embark on a journey to explore the depths of this whale's empire at 👇 0x86523c87c8ec98c7539e2c58cd813ee9d1a08d96 📈 Whale's Bullish Stance: This notable withdrawal signals the whale's bullish confidence in selective cryptocurrencies, leaving the community abuzz with speculation. 🚨 Disclaimer: While this #crypto titan's moves are captivating, always tread carefully in the dynamic crypto waters. Motives may vary, and market sentiments can shift swiftly. 😍 A small LIKE and FOLLOW, Motivates me a lot 😍