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Shiba Inu Burns Spike 1,500% in a Day, Shibarium Gears Up for 1,000 New Projects
Shiba Inu

Shiba Inu Burns Spike 1,500% in a Day, Shibarium Gears Up for 1,000 New Projects

Dogecoin killer Shiba Inu (SHIB) has seen a significant spike in token burning, with over 61 million SHIB tokens being removed from circulation in a single day. This represents a 1,500% increase compared to the usual burn rate. The burn was initiated by three unknown parties who transferred 59 million SHIB tokens to a "dead" address, essentially taking them out of circulation permanently. While the identities of these parties remain unknown, their actions have fueled excitement within the Shiba Inu community. Read Also: XRP Community Divided Over Governance Proposal, but XRPL Ledger Stays Strong This surge in burning activity comes amidst positive developments surrounding Shibarium, Shiba Inu's Layer-2 scaling solution. Project marketing leader Lucie S recently announced that Shib...
Terra Classic: Can a Fallen Giant Reclaim its Glory?
Terra Classic (LUNC)

Terra Classic: Can a Fallen Giant Reclaim its Glory?

Despite tumbling down the crypto rankings, Terra Classic (LUNC) still holds allure for investors aiming for big returns with small stakes. Trading at $0.000101 with a 1.48% rise in the last 24 hours (as of writing), LUNC remains a gamble with undeniable potential. However, a major hurdle stands in the way of its ascent: its staggering supply. LUNC boasts a whopping 5.8 trillion tokens, a consequence of the 2022 Terra blockchain implosion. While burn mechanisms exist, the current rate may take aeons to make a significant dent. Read Also: Terra Classic's $0.03 Dream: Can the Phoenix Rise Again? But here's a twist: massive gains may not require shrinking supply alone. Imagine LUNC capturing a modest 5% of the total crypto market cap (currently around $1.73 trillion, with Bitcoin domi...
Terra Classic Rises From the Ashes: Staking Soars, Sentiment Shifts, and Recovery Beckons
Terra Classic (LUNC)

Terra Classic Rises From the Ashes: Staking Soars, Sentiment Shifts, and Recovery Beckons

From the fiery depths of market turbulence, a phoenix stirs! Terra Classic (LUNC), the phoenix token of the cryptosphere, has witnessed a remarkable resurgence in its staking ecosystem, with the ratio nearing 15% - a beacon of hope amidst the prevailing bearish gloom. Just days ago, LUNC had tumbled over 22%, echoing the bearish symphony playing across the crypto market. Stakers, spooked by the plummeting price, abandoned ship, sending the staking ratio down to a chilling 14%. But wait, a shift in the tides! A newfound confidence, like a rising tide, began to lift the LUNC ecosystem. Read Also: Terra Luna Classic (LUNC) Surpasses 95 Billion Milestone in Burn Campaign This isn't just a blip on the charts. It's a roar of defiance, a testament to the tenacious spirit of the Terra Cla...
LUNC Community in Limbo over Job Proposal: Risks, Rewards, and Unanswered Questions
Blockchain

LUNC Community in Limbo over Job Proposal: Risks, Rewards, and Unanswered Questions

The LUNC community is abuzz with the debate surrounding the PPJ (passed in #11889), a proposal aimed at improving how jobs and spending are handled within the ecosystem. While its intent is noble – to address community concerns and establish clearer guidelines – the proposal has sparked controversy due to its potential impact on developers and the overall project. https://twitter.com/ColeStrathclyde/status/1750102357914890722 Read Also: XRP Ecosystem Braces for Game-Changing Shift with XLS-30D AMM Amendment At its core, the PPJ advocates for "payment after approval of completed work through a spending proposal." This simple statement carries significant weight, effectively placing the financial burden on developers until their work is deemed acceptable by the community. While this...
Shiba Inu: Weathering the Storm, but Can it Reach for the Stars?
Shiba Inu

Shiba Inu: Weathering the Storm, but Can it Reach for the Stars?

Despite the crypto market's recent bloodbath, Shiba Inu (SHIB) has shown surprising resilience. While higher-ranking tokens like SOL and AVAX took a 15% nosedive, SHIB dipped a smaller 6.85%, even experiencing a 2.85% rally in the past 24 hours. However, reclaiming the $0.00001 level lost two weeks ago remains a hurdle. Read Also: Can XRP Hit $20? Analysts Predict Rollercoaster Ride! Shiba enthusiasts, ever the optimists, dream of loftier goals – $0.0005 and even $0.01. AI chatbots, ever cautious, paint a nuanced picture. ChatGPT envisions a possible $0.0005 by 2025, thanks to wider adoption and technological advancements. Google Bard, ever practical, offers three scenarios: Bullish: $0.0005 between 2025-2026, fueled by Shibarium success and ecosystem growth. Neutral: $0.0005...
Shiba Inu Price Prediction 2024: Can the Memecoin Maintain its Momentum?
Shiba Inu

Shiba Inu Price Prediction 2024: Can the Memecoin Maintain its Momentum?

Shiba Inu (SHIB), the popular meme coin, has had a rollercoaster ride in recent years. Despite its massive circulating supply, it remains a top 17 cryptocurrency by market cap. However, its price has dropped significantly from its all-time high in October 2021. Investors are now looking ahead to see what the future holds for SHIB. Grok, an AI developed by X (formerly Twitter), has offered some insights. According to Grok, SHIB's most likely price range for the end of 2024 is between $0.000012 and $0.000020. This would represent a significant increase from the current price of $0.000008752. Read Also: Terra Classic Community Burns Over 700 Million Tokens, Sparking Hope for Cryptocurrency's Revival However, Grok also has a bullish and bearish forecast for SHIB. The bullish forecast ...
Shiba Inu Finds a Home in India Amidst Regulatory Turmoil: Flitpay Embraces the Meme Coin
Shiba Inu

Shiba Inu Finds a Home in India Amidst Regulatory Turmoil: Flitpay Embraces the Meme Coin

Indian Shiba Inu fans have a reason to rejoice! Flitpay, a rising star in the Indian crypto scene, has listed the popular meme-inspired token, providing it with greater global reach and fueling optimism for the future of digital assets in the country. This comes against a backdrop of intense regulatory scrutiny, making Flitpay's move all the more significant. Read Also: Shiba Inu: A Community Powerhouse Propelling the Project Forward Recognizing the growing demand for Shiba Inu (SHIB) among Indian investors, Flitpay has chosen to diversify its offerings and embrace the furry token. This follows the successful launch of BONE, another token within the SHIB ecosystem, on the platform. The listing not only bolsters Flitpay's portfolio but also underscores its commitment to catering to a ...
Ripple vs. SEC: Battle Lines Drawn as Crypto Community Reacts to Latest Hearing
XRP News

Ripple vs. SEC: Battle Lines Drawn as Crypto Community Reacts to Latest Hearing

The cryptocurrency world is buzzing with commentary on the recent Coinbase hearing, where the SEC's remarks reignited the Ripple lawsuit battleground. SEC Criticizes Torres Ruling In a tweet highlighting the hearing, journalist Eleanor Terrett reported the SEC criticizing Judge Torres's decision in the Ripple case. The crux of the criticism boils down to the judge's distinction between Ripple's programmatic sales on exchanges (not deemed securities) and institutional sales (deemed securities). The SEC argues that regardless of investor sophistication, buying the same token should fall under the same securities laws. Read Also: Bullish Signs Spark on XRP Chart: Potential for a Price Rally in the Making? https://twitter.com/EleanorTerrett/status/1747661376967819721 Deaton Weighs I...
Shiba Inu Burns 88.73 Million Tokens in 24 Hours, But Price Remains Unfazed
Shiba Inu

Shiba Inu Burns 88.73 Million Tokens in 24 Hours, But Price Remains Unfazed

Shiba Inu, the popular meme coin, saw a significant increase in its burn rate over the past 24 hours, with 88.73 million tokens sent to dead wallets. This represents a 2,034% surge compared to the previous day's burn rate and suggests renewed efforts from the community to reduce the circulating supply of SHIB. Read Also: Ice is Breaking onto the Scene: Major Listing on OKX Exchange This Week! Details of the Burn The tokens were burned in three large transactions, with the biggest one sending 52.39 million SHIB to a dead wallet. Two other addresses contributed to the burn, sending 34.24 million SHIB and 2.1 million SHIB, respectively. This brings the total number of SHIB burned in the past 24 hours to 88.73 million. Impact on Burn Rate The massive burn significant...
Crypto Oracles Gaze into LUNC’s Future: ChatGPT & Bard Predict Possible Price Trajectories
Terra Classic (LUNC)

Crypto Oracles Gaze into LUNC’s Future: ChatGPT & Bard Predict Possible Price Trajectories

In the ever-churning waters of the cryptosphere, where fortunes fluctuate and futures hold secrets, Terra Classic (LUNC) remains a coin captivating attention. With both ChatGPT and Bard, two prominent AI models, offering glimpses into its potential price journey, LUNC holders and curious onlookers alike are buzzing with anticipation. Currently, LUNC trades at roughly $0.00012, holding the 97th spot in the crypto rankings. But will its trajectory ascend, stagnate, or plummet? Read Also: Ripple Could Face Billions in Fines: Shocking Scenario Revealed by Analyst ChatGPT's Vision ChatGPT paints three distinct scenarios, each with its price predictions: Conservative Trajectory: A slow and steady climb driven by LUNC's gradual adoption as a payment method and DeFi platform. Price ra...