Shiba Inu Burn Rate Jumps Over 1,200% as SHIB Eyes Huge Rally.
The Shiba Inu (SHIB) community is
rejoicing after the latest token burn of the popular meme coin. Data from tracking
service Shibburn reveals that the burn rate of SHIB has skyrocketed by 1,207.63% in
the last 24 hours only. Moreover, more
than 51 million Shiba Inu tokens were sent
to dead addresses during this time.
Shiba Inu, the second-biggest meme coin in terms of market capitalization, relies heavily on the token burn mechanism. The token has a gigantic circulation supply, so it needs these massive token burn events for a more efficient supply. In addition, reducing the total supply of SHIB is essential to ensure the coin remains deflationary.
Bitcoin (BTC)
During the halving, it's smart to have some Bitcoin. It's the first-ever cryptocurrency and is seen as a safe way to invest your money outside of traditional banking.
Right now, Bitcoin's price is $69,583.44, . Its total value is a massive $1,374,456,029,885, making it the biggest cryptocurrency out there. Lots of people are buying and selling Bitcoin, with $35,096,718,820 traded in the last day.
Experts think that as the halving gets closer, more people will want Bitcoin, which could make its price go up a lot. History shows that Bitcoin usually goes up in value before and after a halving, so it's a good idea to have some in your investment mix.
Solana (SOL)
Solana is a fast blockchain platform made for apps and finance projects. It's become really popular recently.
Right now, Solana's price is $183.60, but it went down by 3.50% in the last 24 hours. Its total value is $83,135,807,821, making it the 5th biggest cryptocurrency. People are trading a lot of Solana, with $3,327,496,343 traded in the last day.
As people get ready for the Bitcoin halving, Solana's cool features and more people using it make it a good investment option.
#crypto
Next up is Slothana (SLOTH), the latest meme coin to turn heads on the Solana blockchain.
Much like SLERF (SLERF) before it, Slothana is a sloth-themed token with no utility – yet that hasn’t stopped its presale from kicking off with a bang.
Slothana’s presale has raised over $650,000 in funding in just two days, and hundreds of people have followed the project’s Twitter page.
One of the main reasons for this early traction is Slothana’s presale setup – instead of using timers and funding caps, the presale is entirely open.
Investors simply send SOL to a specific wallet address to receive SLOTH once the presale ends.
Given the success of other meme coins that took this approach, many early backers believe Slothana could be the next to explode.
Those looking to buy SLOTH tokens can do so by heading to the official website and using the wallet address on the homepage.
Why is everyone going crazy over this coin??
Just launched!!
$BEFI (BeFi Labs) has just launched after a long
awaited hype. But what is it?
BeFi Labs offer a seamless and zero-fee trading experience for BRC20 tokens and Ordinals. The project is built on the Bitcoin blockchain and allows users to trade using their preferred wallets, such as MetaMask, without any gas fees. This unique approach enables users to easily move between CeFi, DeFi, and Web3 with just a single tap.
The $BEFI token presale took place in January 2024 and was conducted through various platforms, including Ape Terminal, and raised a total of $2.3 million. The token has now just been listed on popular exchanges and is surging in value.
$BEFI's unique selling point is its zero-fee trading feature, which allows users to maximize their gains while trading BRC20 tokens and Ordinals. The project aims to connect popular networks to provide a comprehensive BRC20 trading experience.
In the wild world of cryptocurrency, sometimes even the smallest investments can yield unimaginable returns. Such was the case for one savvy investor who turned a mere $90 into a jaw-dropping $310,000 through a Solana-based meme coin.
According to on-chain analysis provided by Lookonchain, this investor initially purchased 0.5 Solana (SOL) for $90 and received a whopping 2.89 billion LADYF tokens in return. Riding the wave of excitement surrounding this meme coin, they decided to cash out, selling all their LADYF tokens for 1,784 SOL, valued at $310,000. That's an astounding 3,567x increase in their initial investment.
However, as with any high-risk investment, there's a flip side. Another investor, caught up in the frenzy of FOMO (Fear of Missing Out), jumped into LADYF after the significant surge only to face a harsh reality. Within just three minutes, they watched helplessly as their investment plummeted, resulting in substantial losses totaling tens of thousands of dollars.
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Cardano (ADA) Price Prediction for March 21.
ADA/USD.
The price of Cardano (ADA) has grown by 3.45% over the last 24 hours.
Despite today's rise, the rate of ADA is in the middle of the local channel, between the support of $0.6202 and the resistance of $0.6448. In this case, there are low chances to expect any sharp moves.
All in all, sideways trading in the area of $0.6250-$0.6350 is the more likely scenario until tomorrow.
On the daily chart, the price of ADA is going down after a false breakout of yesterday's bar peak. If the decline continues, one can expect a test of $0.60 by the end of the week.
A less clear picture can be seen on the weekly time frame. Despite the ongoing decline, the rate of ADA is far from the support level. However, if the decline continues, there is a high chance to see a drop to the $0.50 area this month.
ADA is trading at $0.6310 at press time.
Shiba Inu Wows Community as Major Crypto Exchange Spotlights SHIB.
https://t.co/NgXIiCpaHv, a major crypto exchange, recently spotlighted Shiba Inu (SHIB), prompting excitement in the Shiba Inu community.
"Top Memecoin by Market Cap, Coin Number 2 Shibtoken (SHIB), Year Founded: 2020. SHIB was founded by an anonymous person/group called Ryoshi, named after the Shiba Inu dog," https://t.co/NgXIiCpaHv posted alongside an image that contained the iconic Shiba Inu logo, its market cap worth and its price change in the last week.
For the Shiba Inu community, this spotlight not only reflects the coin's popularity but also its potential as a serious contender on the crypto market.
The Shiba Inu official X handle reacted to the post, highlighting Shiba Inu's drive to be the top dog coin: "2 today, but the Doge days are numbered."
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Dogecoin Bullish Bets Reach Record $1B
Attention, DOGE Fam! Buckle up, because Dogecoin is on a meteoric rise, fueled by unprecedented bullish bets!
Here's the exciting news:
DOGE futures hit a staggering $1 billion in open interest, a historic high that reflects sky-high investor confidence! Nearly 70% of these bets are long, meaning traders are overwhelmingly bullish on DOGE's future! The token itself surged over 40% in the past 24 hours, leading the pack among major cryptocurrencies!
This is a monumental moment for Dogecoin and the entire meme token ecosystem!
Are you ready to join the DOGE revolution?
XRP’s recent price decline has sparked a heated debate among investors and analysts, with some predicting a further decline and others expecting a massive rebound.
Notably, the sixth-largest cryptocurrency by market capitalization has seen a 20% drop in the past week, leading some to question its prospects.
Popular crypto investor and analyst “Mr. Huber” took to Twitter on Saturday to express his bearish view on XRP, calling it a “loser coin” that has always been about losing. He shared a chart showing XRP’s 70% decline against the market in the last eight months.
Huber’s tweet was met with mixed reactions, with most respondents supporting his view.
“On paper the best coin, in real life controlled by company with massive supply and dumping on holders to gain as much money out of it, meanwhile not even using it them self. I’m happy i could switch most of them 1 for 2 ADA months ago.” Wrote one tweep.
However, not all holders share Mr. Huber’s pessimistic view. Some perceive the current price weakness in XRP as an advantageous buying opportunity, while others foresee the cryptocurrency’s potential to strengthen, particularly as more users join Ripple’s global payments network, XRP Ledger.
Tech entrepreneur Kieran Kelly noted that despite the recent fluctuations, XRP remains a formidable digital asset for payments.
“XRP is a great digital asset for payments (speed, cost, transactions per second). The fundamentals are incredible for local or overseas payments.” tweeted Kelly.
Kelly further emphasizes the remarkable fundamentals of XRP, especially its ability to facilitate local and overseas transactions, adding that the key to XRP’s future success lies in its adoption by major entities like banks and institutions for everyday transactions backed by substantial transaction volumes.
Elsewhere, popular crypto analyst Black Swan Capitalist tweeted that seeing retail greed at all-time highs before a massive sell-off is common.
That said, despite XRP’s recent price decline sparking concerns among investors, its future still seems bright, more so if the ongoing lawsuit between Ripple and the SEC concludes in the former’s favour or a spot XRP ETF is approved.
XRP was trading at $0.6199 at press time after a 1.31% upsurge in the past 24 hours. It’s worth noting that the current price maintains its position above the crucial monthly support level of $0.55, which could play a significant role if there’s further downward movement. However, it’s essential to note the presence of overhead resistance at $0.74, marked by a double top formation on the daily timeframe.
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