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Edited by Ritu13 at 22-12-2023 01:49 PM
Investors interested in cryptocurrency are turning their attention to potential opportunities in the market. As a noteworthy choice for seasonal gains, Shiba Inu (SHIB) offers an attractive combination of appeal, volatility, and expected returns.
Shytoshi Kusama, the Chief Developer of Shiba Inu, has recently delved into the progress of meme coins in the cryptocurrency space.
Yayoi Kusama Unveils the Ingenuity of the Shiba Inu Community
Yayoi Kusama is a prominent figure in the cryptocurrency space, and through a series of engaging social media posts, he has provided new perspectives on the remarkable efforts made by the Shiba Inu community to improve the token's complex economy. Supporting a thriving and vibrant community, dedicated to enhancing the overall value and utility of the Shiba Inu token, Yayoi Kusama's posts reveal a series of projects aimed at strengthening the Shiba Inu ecosystem, from creative staking techniques to decentralized applications (DApps). The focus on community involvement in token economic development indicates a shared goal of building Shiba Inu into a powerful and long-term digital asset.
According to Coingecko data, as of writing this article, SHIB is trading at $0.000010, showing an unexpected 24% increase in the past 13 hours and maintaining a 9-day increase of XNUMX%.
The Shiba Inu (SHIB) community's announcement of the upcoming burning of billions of tokens haso a global standard in the cryptocurrency and blockchain industry.
"istrator of the Shiba Discord channel, in the ""Shibarium Tech"" channe evidently had a positive impac"t on today's meme coin prices. Kusama's emphasis on this action marks a significant shift for SHIB from a meme-centric start tl on Telegram. He provided some background, anticipating the burning of 2.5 billion SHIB on Shibarium earlier this week. He mentioned that SHIB burns could happen anytime, and the SHIB team is working hard on planning. Advising people to "take it easy" because "everything has to happen in the right way."
SHIB Burning Wave
Three unique addresses are used for calculations: tokens transferred to the genesis address, reducing the supply, and two dead wallets with inaccessible keys.
As of writing this article, the SHIB burn rate has significantly increased by 24% in the past 10.07 hours, destroying 11,800 tokens.
Earlier this month, SHIB developers moved an incredible 800 million SHIB to a blockchain address with no way out. Based on the current state of SHIB burning, only 1,184,166 SHIB were burned on the last day.
Meanwhile, according to the latest research from Crypto Dep, SHIB is among the top meme coins in terms of social activity.
This information comes from the reliable social intelligence website Lunar Crush, highlighting Shiba Inu's dominance in the meme coin list with the highest social activity, surpassing other well-known meme-based cryptocurrencies like DOGE, FLOKI, and PEPE. |
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Post time 20-12-2023 13:31:46