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Burns have been an essential part of the Shiba Inu [SHIB] ecosystem. The network has been sending tokens into dead wallets for the longest time. This is done to reduce the circulating supply and boost the price of the meme coin. With its current circulating supply at 589,270,536,354,484 SHIB, the network has a lot of assets to eliminate. But the question is how will Shiba Inu carry out large-scale burns? The marketing lead for the Shiba Inu ecosystem, Lucie, highlighted in a recent update that the extensive playtime of Shiba Eternity will contribute to an increased number of SHIB burns. She predicted that when more individuals played the Web3 version of Shiba Eternity, the number of Shibarium transactions would increase. The more people play Shiba Eternity , the more transactions will happen on #Shibarium , the more $BONE will be used , the more $SHIB will be burned , and the greater the demand for Shiboshis will be . THIS IS CALLED AN ECOSYSTEM pic.twitter.com/yIxwz3fV1Z — 𝐋𝐔?...

The Pepe price plunged 5% in the last 24 hours to trade at $0.00001116 as of 01:09 a.m. EST on trading volume that dropped 20% to $528 million. This comes as the meme coin sector tumbled 3% to a $47.7 billion market capitalization. Pepe Price Set To Surge The Pepe price surged mid-July, through a markup phase to the $0.00001251 resistance, according to data from GeckoTerminal . PEPE then went into consolidation, trading within the sideways pattern, with the bears and bulls struggling for dominance, as the price touched the horizontal support and horizontal resistance. The price of Pepe now trades well above the 200-day Simple Moving Average (SMA), a confirmation of the bullish prospects in the long run. A bullish stance at this point could push the price of Pepe above the 50-day SMA, which now acts as the immediate resistance zone at $0.00001188. Moreover, the Relative Strength Index (RSI) is also dropping as it coincides with the price fall, as the RSI hurtles towards the 30-ov...

In the volatile landscape of cryptocurrency, fortunes can change rapidly. Shiba Inu (SHIB), once a beacon of hope for meme coin enthusiasts, is currently navigating through turbulent waters. This instability has led many investors to seek more promising alternatives, with Mpeppe (MPEPE) emerging as a popular choice. Shiba Inu’s Recent Performance Shiba Inu (SHIB), once a darling of the crypto community, has been facing some challenges. The live price of Shiba Inu is $0.000017 per SHIB/USD, with a market cap of $9.86 billion USD and a 24-hour trading volume of $206.88 million USD. Despite these impressive figures, Shiba Inu (SHIB) is down 2.78% in the last 24 hours, highlighting the volatility and inconsistency in its performance. No Token Burn Activity A significant factor contributing to Shiba Inu’s (SHIB) recent performance issues is the lack of token burn activity in the past 24 hours, marking a 100% decrease. However, on a weekly basis, the SHIB burn rate incr...

Bitcoin (BTC) took a hit after the U.S. government recovered $2 billion linked to the Silk Road. The unexpected move caused a sharp price drop. Will it reach $65,000 or $70,000?  The market is in shock as holders scramble to understand the impact. Bitcoin (BTC) holders worry about the uncertain fate of their assets. They fear that a government sell-off could push prices down further. U.S. Moves $2 Billion in Bitcoin, Market Reacts The U.S. government moved $2 billion in Bitcoin (BTC) from its Silk Road stash. The sudden transfer caused Bitcoin’s value to drop nearly 10%. Bitcoin (BTC) is now around $66,575, down from $69,000 last week. There’s speculation that the government might sell off all of its Bitcoin (BTC). Some analysts suggest that this move might create a buying opportunity. Bitcoin (BTC) could stabilize around $63,000 before aiming for $65,000. Rumors are also circulating about a possible sell-off before a change in administration. This developm...

Just two days after Donald Trump said he would keep 100% of the bitcoin that the US government seized, they have moved $2 billion worth of the leading crypto. Indeed, the transferred BTC was connected to the infamous Silk Road marketplace. Amid his ongoing reelection campaign, Trump has certainly embraced crypto. The 45th President of the US has consistently stated his interest in the asset. Speaking at Bitcoin Conference 2024, he discussed Bitcoin’s importance if he were to win reelection in November. JUST IN: US Government moves $2 billion worth of #Bitcoin to a new address. Two days ago, Donald Trump said he would create a strategic national Bitcoin stockpile and the Government would keep 100% of the Bitcoin it owns, if elected. pic.twitter.com/kSyy4s6peb — Watcher.Guru (@WatcherGuru) July 29, 2024 Also Read: Currency: Why Trump’s US Dollar Devaluation Plan Might Be A Bust? US Moves $2 Billion in Bitcoin Two Days After Trump’s Pro-BTC Speech Speaking in Nashville...

Leading altcoin XRP is currently hovering around the $0.61 mark on Monday and is struggling to climb above $1. The last XRP touched $1 was in November 2021 and it’s been nearly three years since it reclaimed the spot. The downward price trajectory is testing the patience of investors as it is delivering little to no profits. Also Read: US Dollar Gives a Major Blow To BRICS Nations’ Currencies Investors are sitting on losses with Ripple ’s native token while other cryptocurrencies are generating profits. The Ripple vs SEC lawsuit is also dampening XRP’s price prospects making it harder to breach the $1 mark. In this article, we will highlight when the Ripple ’s native token could climb above the $1 milestone. When Will XRP Breach $1? Source – CryptoTicker Leading on-chain metrics and price prediction firm Changelly has painted a bullish picture for Ripple ’s native cryptocurrency. According to the price prediction, XRP could climb above the $1 mark ne...

This year has seen the explosive growth of the decentralized AI industry with massive developments and investments made in the “Crypto + AI” field. One such platform, NeurochainAI, a decentralized AI as a service (DeAIAAS) platform, has been ramping up community support ahead of its planned token generation event (TGE), but what exactly does the platform offer and what solutions does the DeAIAAS platform aim to solve? Crypto and blockchain technology were always going to be integrated into artificial intelligence (AI), just as the technology has done in almost all major industries. It was a question of when rather than if. In 2024, decentralized AI has become the hottest topic in the Web 3 space, with hundreds (and probably thousands) of DeAI and DePIN (decentralized physical infrastructure networks) projects launching. Top Web 3 conferences rarely lack a speaker talking about the subject and crypto + AI projects are booming. The DeAI and DePIN industry has flourish...

In recent months, the Chainlink price hasn’t quite been able to replicate the bullish strength it showed at the start of the year. And the past week was a prime example of the coin’s recent struggles, as the bulls failed to completely stamp control over the last seven-day period. However, it appears that the LINK price inconsistencies might be coming to an end soon, as a popular crypto analyst has identified a bullish pattern on the token’s price chart. How LINK Price Could Soar 48% To Reach $19 Prominent crypto analyst Ali Martinez has shared — via a post on X — an exciting prognosis on the future trajectory of the Chainlink price. According to the crypto pundit, the cryptocurrency, which has largely struggled, could be set for a price turnaround over the next few weeks. Related Reading ...

The Grayscale Ethereum ETF (ETHE) has reported cumulative net outflows of $1.15 billion in the three days since its launch on July 23 as newly listed ETH ETFs overall recorded outflows of $152 million on July 25 , Data from SoSoValue shows that Grayscale’s ETF posted $346 million in outflows on its third day of trading, still below its record high of $484 million on July 23. 📊 Ethereum ETF Tracker | 2024-07-25 🟥 Daily Total Net Inflow -$152.30M 💰 Total Value Traded $955.85M 🏦 Total Net Assets $8.97B 📊 ETF Market Value Ratio 2.36% 🥇 Net Inflows/Outflows for Each ETF 🟩 ETHA +$70.93M 🟩 ETH +$58.09M 🟩 FETH +$34.32M 🟩 ETHW +$16.34M 🟩 ETHV… pic.twitter.com/VXeS5Sqz0Q — SoSoValue Research (@SoSoValue) July 26, 2024 Grayscale Ethereum Trust Investors Cash Out Grayscale’s 2.5% fee for ETHE ETF, converted into an ETF from the Grayscale Ethereum Trust, has s...

Dogecoin has been the benchmark memecoin crypto for a decade now, and it remains the biggest in its category. Dubbed Elon Musk’s favorite crypto, it is on the watchlist, if not in the wallets, of thousands of investors worldwide. Dogecoin had been moving sideways for a long duration until its recent movements started showing an increase in investor engagement, leading several analysts and the community to speculate that this season may witness the token pumping and crossing the $1 mark. Dogecoin’s Latest Dip And Price Movement Since its last pump, Dogecoin had been stagnant in terms of price and only started seeing major movements since the start of 2024. In February, the token saw a major increase in the influx of investments, moving from the $0.090 range directly to the $0.19 level in April. Since hitting this point, the token corrected back down to the $0.13 range. However, this correction or dip is speculated by many to be the last for Dogecoin, with the next...

A widely followed crypto analyst says that one smart contract platform could see massive gains while updating his outlook on Bitcoin (BTC) and Dogecoin (DOGE). In a new strategy session, crypto trader Ali Martinez tells his 68,2000 followers on the social media platform X that Ethereum (ETH) competitor Solana (SOL) has the potential to skyrocket by a staggering 900%. “Solana has officially broken out from this bull pennant, suggesting a potential 900% rally ahead.” Source: Ali Martinez/X The strategist’s chart suggests that Solana will break out near the end of summer and skyrocket toward the $1,600 price tag until early 2025. Solana is trading for $170.97 at time of writing, a 5.3% decrease during the last 24 hours. Moving on to the top digital asset by market cap, Martinez says it could potentially be hit by a wave of upcoming liquidations as it rebounds toward $65,200. “BTC could rebound to $65,200 to liquidate $42.16 million in shor...

INTMAX, the innovative developer behind the zkRollup Layer 2, has announced that the co-founder of Settle Network and Latamex will lead the development of Plasma Free, the pioneering EVM-compatible Plasma protocol , according to the latest updates shared with Finbold on July 25. Plasma Free is expected to transform blockchain applications by enhancing programmability and flexibility and catering to the growing demands of developers worldwide. What is Plasma Free? Plasma, initially envisioned by Joseph Poon and Vitalik Buterin in 2017, was a promising Ethereum (ETH) Layer-2 scaling solution set to enable Visa-level transaction volumes on Ethereum.  Picks for you Meta AI predicts Bitcoin price for 2025 9 mins ago XRP headed ‘to the ...

The team behind the second-largest stablecoin by market cap is building a crypto wallet platform that supports email and social media-based logins. In a new announcement on the social media platform X, developers at USDC issuer Circle say their latest product would allow users to authorize crypto transactions via email, social log-ins, or PIN codes. “Onboard users to your apps faster with Social Logins or Email OTP (one-time passcode) verification! Our latest release provides you with more options to seamlessly onboard users and securely authenticate transactions when building with user-controlled programmable wallets.” Social logins would allow users to log in to third-party websites using existing data from their social media accounts, such as Facebook and X. According to Circle chief executive Jeremy Allaire, the new product will facilitate a smooth transition from Web2 to Web3. “Another milestone in building safe and easy to adopt Web3 wall...

Citi has upgraded its Coinbase stock rating from “neutral” to “buy” on an improving regulatory outlook in the US and raised its price target by almost 33% to $345. Citi attributed the higher stock rating to a shift in the US election landscape as presidential candidates compete to win the crypto vote, and after the US Supreme Court overturned the so-called Chevron precedent. The stock rose 1.6% in pre-market trading to change hands for $259.29 as of 9:20 a.m. EST. Citi’s previous price target for COIN was $260. $COIN upgraded to BUY at CITI "Shifts in the U.S. Election landscape and the Supreme Court’s overturning of the long-standing Chevron precedent has changed our view on Coinbase’s regulatory risks." Raises target price 33% to $345 pic.twitter.com/CoMbCTFbK8 — matthew sigel, recovering CFA (@matthew_sigel) July 23, 2024 Former US President Donald Trump, who vows to become ”crypto president” if he retakes the White...

ARB, the native token of Arbitrum, the Ethereum layer-2 solution, is down 68% from January 2024 highs. However, there is good news: While ARB holders “suffer” in the face of unrelenting bears, positive on-chain developments reveal a platform that is not only the largest by total value locked (TVL) but also brimming with potential. Over 48% Of Ethereum Bridged Assets End Up In Arbitrum Taking to X, one analyst notes a surge in user activity on Arbitrum and that the platform leads across multiple key performance indicators (KPIs). Related Reading Analyst Says Solana Price Will Surge 1,000% To $1,800, Here’s When 12 hours ago Of importance, the analyst observed that though there are other...