SHIB is up by 3% as whale suggests token burn when Shibarium launches

2023-1-10 15:05

SHIB is the best performer amongst the top 20 cryptocurrencies by market cap today.

A Shiba Inu whale has suggested a token burn when Shibarium launches.

Bitcoin continues to maintain its price above $17k.

Shiba Inu could burn trillions of SHIB tokens

A Shiba Inu whale has suggested that the meme token project could burn trillions of its tokens when its Shibarium launches. Shibarium is an upcoming layer-2 solution designed to improve the Shiba Inu ecosystem by providing faster transactions at a lower cost.

$SHIB will burn TRILLIONS of coins when Shibarium is launched 💯🔥

— SHIB HODLER (@ShibaInuHodler) January 8, 2023

This latest cryptocurrency news comes a few days after Shiba Inu confirmed that Shibarium transactions would burn SHIB and use BONE for gas fees. SHIB is up by more than 12% over the last seven days. At press time, the price of Shiba Inu stands at $0.0000094.

The broader cryptocurrency market is having a positive start to the week so far. Bitcoin crossed into the $17k for the first time in weeks while the total cryptocurrency market cap now stands above $850 billion. 

Key levels to watch

The SHIB/USD 4-hour chart is bullish as Shiba Inu has been performing well over the past few days. Shiba Inu is currently outperforming some of the other major cryptocurrencies, including Bitcoin and Ether.

SHIB/USD Chart By TradingView

 

The 14-day relative strength index of SHIB currently reads 72, indicating that the bulls are in charge. An increase in the 14-day RSI could see SHIB enter the overbought region.

The MACD line is also in the positive zone, another indicator that SHIB is currently bullish.

If the bullish trend is maintained, SHIB could surpass its first major resistance level at $0.00001033 over the next few hours. However, the bulls would need to maintain their momentum if SHIB should get the chance to reach the $0.00001148 resistance level for the first time since November 8th, 2022. 

Where to buy Shiba Inu now

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy SHIB with eToro today Disclaimer

Bitpanda

Bitpanda is a digital assets brokerage company. It has grown to become one of the most popular crypto exchanges in the world, as it offers a user-friendly interface, it has developed a bunch of great features and it offers a variety of coins to invest in. Bitpanda has also built a reputation for security, and it has never experienced a hack of its data before.

Buy SHIB with Bitpanda today

The post SHIB is up by 3% as whale suggests token burn when Shibarium launches appeared first on CoinJournal.

origin »

Blue Whale Token (BWX) на Currencies.ru

$ 0.0818252 (-0.37%)
Объем 24H $40.545k
Изменеия 24h: -2.30 %, 7d: -2.00 %
Cегодня L: $0.0773638 - H: $0.0826621
Капитализация $3.24m Rank 99999
Доступно / Всего 39.602m BWX / 64.32m BWX

when burn launches shib token shibarium whale

Источник: coinjournal.net

when burn → Результатов: 44


Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks

Shiba Inu community forecast a 111 trillion SHIB burn, which spurred holders of SHIB to be bullish. According to the Shiba Inu community, 111 trillion SHIB could be burnt in the upcoming year SHIB owners may have been anticipating a positive indication when they saw a large burn Crypto’s price is set to recover its losses, according to analysis of the SHIB chart’s rising formation Over the past two months, a surge in the meme coin has been brought on by the Shiba Inu burn events.

2022-8-25 12:55


Analyst: Stellar (XLM) Decreasing Supply Could Increase Chances of Exchange Delisting

The Stellar Development Foundation’s (SDF) unanimous decision to burn XLM’s supply by half could spell troubles for the project, believes noted bitcoin maximalist WhalePanda. The anonymous trader on Tuesday said the cryptocurrency exchanges could start treating XLM as security, explaining that SDF showed excessive control over the blockchain asset when they cut down its supply.

2019-11-5 15:01


Carson Wentz Gossip Turns Eagles Into Daytime Soap Opera

After the beating the Dallas Cowboys gave the Philadelphia Eagles Sunday night, fans were probably wondering how things could get worse. When they woke up Monday morning, they found out. It appears that at least one fool decided to burn his Carson Wentz jersey following the loss, and – more significantly – Alshon Jeffery is […] The post Carson Wentz Gossip Turns Eagles Into Daytime Soap Opera appeared first on CCN.com

2019-10-22 17:29


Video: Burn in hell, Twitter — a guide on deleting or deactivating your account

Welcome to TNW Basics, a collection of tips, guides, and advice on how to easily get the most out of your gadgets, apps, and other stuff.   Were you on old Twitter? Back before the brand proliferation, before the Nazis, before the President of the USA was doing his best to kick off a global confrontation? When people just chatted on the social network? And the design was better? It was good, right? These days, things are different.

2019-8-9 16:45


Фото:

A Bug Making Ethereum Transactions on Exchanges Vulnerable Has Been Fixed

A bug centering around a new Ethereum token, GasToken, which was enabling abuse on cryptocurrency exchanges, appears to have been resolved. The details are provided in a report originally published on November 13, 2018, that discussed how the bug was exploited by attackers, and what digital platforms could do if they wished to protect their hot wallet funds.

2018-11-22 00:34


Фото:

Q3 2018: Binance Rakes In $85 Million, Burns 1.6 Million BNB

Binance Torches $17 Million In BNB For 5th Quarterly Burn When Binance’s whitepaper was first released in early-2017, many investors were immediately drawn to the startup’s proposed quarterly buyback policy, in which Binance would allocate 20% of its profits to buy back its in-house digital asset (BNB) at market values in an apparent bid to please investors.

2018-10-17 10:19


Фото:

On Radical Markets

Recently I had the fortune to have received an advance copy of Eric Posner and Glen Weyl’s new book, Radical Markets, which could be best described as an interesting new way of looking at the subject that is sometimes called “political economy” - tackling the big questions of how markets and politics and society intersect.

2018-7-21 04:03


Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Post-Christmas momentum seen for Bitcoin – Could $150K be within reach?

Options traders are eyeing $120k and $150k price targets in Q1 2025 Santiment cautioned that a move to $110k and other targets could happen when people least expect Bitcoin [BTC] flirted witThe post Post-Christmas momentum seen for Bitcoin – Could $150K be within reach? appeared first on AMBCrypto.

Donald Trump’s 2nd term will send these 5 cryptocurrencies flying

The cryptocurrency market is likely to see another surge as Donald Trump returns to office for a second term. US politics is known for its extremes, and during Republican leadership, we have observed a shift towards a business-friendly approach and more deregulation.

Dogecoin and Ripple investors turn to iDEGEN a momentum grows

As AI takes over the crypto space, one project stands out; iDEGEN. Just three weeks into its presale, it’s price has rallied by close to 90,000%. Besides, the crypto-friendly environment that President Trump is cultivating is set to bolster the new entrant as well as other established cryptos.