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Burn

FUFU LONG - Bullish DivergenceBuy low, sell high. Bitcoin dumped over the weekend bringing most coins back into price opportunity. The Bitcoin ETF attracted a lot of value, what's next? The Ethereum ETF, recently approved in Hongkong (one of the largest financial centers in the world) The Ethereum ETF brings narrative for Ethereum based MEME Coins, like FUFU. Potentially shifting the massive gains from Solana based MEME coins to Ethereum. Recent upgrades on the network also helped to reduce gas fees. I see a huge daily Bullish Divergence on the RSI in combination with a Bullish reaction from the daily and weekly support level at 0.00000000820. I like FUFU because of its burning mechanism, constantly reducing the supply of tokens. The team proves to be committed and continues to deliver new developments. A Chinese character and a cool song. Available on DEX and CEX. No holders with more than 2% of all coins.
FLong
by crypto-king-007
Shiba Inu Burn Frenzy: Community Incinerates 44 Million SHIB the self-proclaimed "Dogecoin killer," has witnessed a remarkable surge in its burn rate, soaring by a staggering 232.85% within the last 24 hours. The Shiba Inu community took the reins in this burning frenzy, incinerating a whopping 44.09 million CRYPTOCAP:SHIB in a bid to reshape the tokenomics of the meme coin. Despite the enthusiastic burn campaign, the Shiba Inu price chart has experienced a 3.27% drop over the past day, sparking curiosity and concern within the crypto community. The Burn Report: Data from Shibburn, a platform dedicated to providing insights into Shiba Inu burning activities, revealed the extraordinary surge in the burn rate. The community's active participation led to the incineration of 44.09 million CRYPTOCAP:SHIB within a 24-hour period, with two significant transactions to dead wallets playing a pivotal role. The first transaction saw 13.63 million CRYPTOCAP:SHIB moved to a dead wallet, followed by a massive 30.46 million CRYPTOCAP:SHIB in another transaction. This remarkable burning spree has fueled optimism among traders and investors as the community strives to enhance the SHIB tokenomics. Market Reaction: Contrary to the burning enthusiasm, the Shiba Inu price chart paints a different picture. Currently trading at $0.00000910, the meme coin has witnessed a 3.27% decline in the past 24 hours. The market cap and trading volume have also experienced notable decreases of 3.27% and 21.39%, respectively. Despite these downturns, proponents of Shiba Inu believe that the recent burning frenzy could provide the necessary impetus to bolster prices in the near future. Community-Driven Tokenomics: The Shiba Inu community's proactive involvement in the burning process showcases a commitment to shaping the tokenomics of the meme coin. By voluntarily transferring substantial amounts of CRYPTOCAP:SHIB to dead wallets, community members aim to reduce the circulating supply and potentially drive up the value of the remaining tokens. This grassroots effort reflects a unique approach to fostering community engagement and influencing the trajectory of Shiba Inu in the broader crypto landscape. Future Prospects: As the Shiba Inu community continues its burning campaign, the crypto market eagerly awaits the potential impact on the meme coin's price. Despite the recent price drop, enthusiasts remain optimistic that the significant reduction in circulating supply could lead to a positive shift in Shiba Inu's valuation. The ongoing burning chronicle, driven by community initiatives, adds an intriguing layer to the narrative surrounding Shiba Inu, making it a token to watch in the evolving crypto landscape. Conclusion: Shiba Inu's burn frenzy has undoubtedly captured the attention of the crypto community, with enthusiasts closely monitoring the impact on tokenomics and market dynamics. While the recent price drop raises questions, the community's dedication to burning millions of CRYPTOCAP:SHIB reflects a unique strategy to influence the meme coin's future. As the burning saga unfolds, Shiba Inu remains a captivating and dynamic player in the ever-evolving world of cryptocurrencies.
COINBASE:SHIBUSD
by DEXWireNews
A Dive into the Burn of 8,740,957 $CAKE Tokens worth $25 MlnPancakeSwap's Fiery Transformation In a surprising turn of events, PancakeSwap, one of the leading decentralized finance (DeFi) platforms on the Binance Smart Chain (BSC), has just executed a massive token burn, incinerating a staggering 8,740,957 NASDAQ:CAKE tokens, equivalent to a jaw-dropping $25 million. This unprecedented move has left the crypto community buzzing with speculation and excitement. The Burn Event: On 8th January, 2024, PancakeSwap's blockchain explorer, BscScan, unveiled a transaction hash (TxID: 0xdddb22d7af19a36fa92342a9bc5c2bf82a6e3b8a843abcfbd45ac261c5e7ebb8), providing irrefutable evidence of the burn. The burn event is a strategic move by PancakeSwap to reduce the total supply of NASDAQ:CAKE tokens, thereby potentially enhancing their scarcity and value. Unpacking the Numbers: The burned 8,740,957 NASDAQ:CAKE tokens represent a significant portion of the total supply, and with the current market capitalization of PancakeSwap, this move could have profound implications. The token burn is not only a testament to the platform's commitment to its community but also a strategic maneuver to counter inflationary pressures and maintain a healthy ecosystem. Implications for NASDAQ:CAKE Holders: For existing NASDAQ:CAKE holders, this burn event may result in a positive impact on the value of their holdings. The reduced supply could potentially lead to increased demand, fostering a more favorable environment for price appreciation. The burn sends a clear signal to the market that PancakeSwap is actively managing its tokenomics to create long-term value for its community. Community Response: The crypto community, always quick to react to significant events, has expressed a range of emotions following the news of PancakeSwap's massive token burn. Social media platforms, forums, and chat groups are buzzing with discussions, analyses, and predictions about the potential market response. Some see it as a bullish signal, while others are eagerly awaiting PancakeSwap's official statements regarding the motivations behind the burn. PancakeSwap's Vision: PancakeSwap has been a pioneer in the DeFi space, offering a user-friendly platform and a wide array of features, including decentralized trading, staking, and yield farming. The recent token burn aligns with the platform's commitment to innovation and sustainability. It highlights PancakeSwap's dedication to creating a robust and valuable ecosystem for its users. Conclusion: PancakeSwap's decision to burn a substantial number of NASDAQ:CAKE tokens has injected a new level of excitement and anticipation into the crypto community. As the aftermath of this burn event unfolds, all eyes are on PancakeSwap to provide further insights and guidance on the potential impact on its ecosystem. The journey ahead for NASDAQ:CAKE holders promises to be an intriguing one, filled with opportunities and challenges as PancakeSwap continues to shape the future of decentralized finance on the Binance Smart Chain.
CRYPTO:CAKEUSDLong
by DEXWireNews
SHIB Burn Rate Plunges 40% Amid Shiba Inu Price SurgeShiba Inu is once again gaining significant traction in the world of cryptocurrencies as its price surged today amid a declining burn rate. Shiba Inu, an Ethereum-based altcoin, amassed noteworthy attention in the world of cryptocurrencies as it recently witnessed a price jump amid a decrease in the burning of tokens. Shibburn, a platform offering SHIB burn insights, recently unveiled data showcasing the plunge in the burning of SHIB tokens. Moreover, Shibarium, a layer two blockchain for Shiba Inu, also witnessed a significant boost in testnet activities, stirring up speculations among crypto market traders and investors. Shiba Inu Burn Rate Amid Testnet Activity As of writing, the data offered by Shibburn showcased a 34.89% decrease in Shiba Inu’s burn rate over the past twenty-four hours. Besides, the total number of tokens burnt over the past twenty-four hours totaled 5.94 million. Interestingly, amid the constant burning of SHIB, the burn rate over the past week also experienced a fall of 43.33%. A total of 130.90 million SHIB was burnt over the past seven days. The Shiba Inu crypto community created a buzz in the world of cryptocurrencies following the massive burning of SHIB tokens over the past few days. In a series of transactions, the Shiba community appears to have burnt a whopping 410.662 trillion SHIB tokens to date. The abovementioned burning of tokens comes forth as a result of the Shiba community building up support for their token. Despite the Shiba community’s efforts, the SHIB price did not gain much momentum in 23, following which the community initiated burning colossal amounts of tokens. Furthermore, the Shibarium testnet activity also skyrocketed over the past few days. As per the data revealed by a blockchain explorer, not a single transaction was carried out on the Shibarium testnet in recent weeks. However, since November 9, a whopping 400,000 transactions occurred, gaining attention throughout crypto markets. Shiba Inu Price Report At the time of writing, the Shiba Inu price witnessed a surge of 1.27% over the past twenty-four hours, evaluating $0.000008329 today, November 25. However, the token witnessed a marginal fall of 3.28% over the past week. Furthermore, the twenty-four-hour trading volume witnessed a significant increase of 17.63%, reaching $119.77 million while writing. The price surge witnessed by SHIB over the past month evaluated 12.25%, lining up with the community’s efforts to jack up the SHIB tokenomics. As the Shiba community continues to burn massive amounts of tokens, the scarcity of the token continues to surge, which might push the token for a better future outlook within broader crypto markets.
COINBASE:SHIBUSDLong
by DEXWireNews
TRXUSDT Weekly TimeframeHello, Hope you all doing well well ! Lets analyse the TRX on Weekly timeframe for a long term investment. :) It seems that price is making a triangle with 5 waves ABCDE. According to "fib time zone" tool, we have a important time on august 2022 that it can be the end of E wave. ( last wave ). Then price will increase to the targets which I marked on the chart. Don't forget the TRX burning inception. Be aware of token burning as well. It can help a lot in the market cap. 3/23/2022 **This analysis is not an incentive to buy or sell and is purely educational.**
Long
by sahandm99
Join the Pig Army! PIG TokenI know this sounds silly, but this is a real thing. Do not underestimate the value of a "Pig Army." For that matter, do not underestimate the value of a black hole. This token has some superior qualities and ideas that I believe will pay very handsomely in the near future. At first blush, it starts with a stupidly high number of tokens, not unlike Shiba Inu, but they have already "black holed" 585 Trillion tokens. That is trillions with a "T." Talk about feeling the burn! Wow! You really need to visit the Pig Finance website (it is pigtoken dot finance) and see what I am raving about. They really do have a growing Pig Army and a tab you can click on to join that same Army...yes, Uncle Bacon wants YOU! And it seems to be working. They already have over 71,000 twitter followers and 26,000 telegram members. They are taking a very unique approach in ensuring their token rises in value. There is a 5% tax on every transaction: 3% is locked in liquidity 2% is distributed to PIG holders proportional to the amount of PIG held. PIG has been stealth launched. 100% of PIG supply was seeded as liquidity. That means no presale and no allocation to team members. Liquidity is locked in Pancakeswap and the ownership of the contract has been transferred to the burn address. No team allocation at launch means that PIG is 100% community led. 50% of the supply was sent to the Black Hole at launch. Because it is so massive, it will absorb a significant amount of the 2% tax distribution, resulting in exponential hyperdeflation. THAT'S Hyper-DEFLATION. The opposite of what is happening to our fiat dollars, losing value every day. This is a pretty cool spin on the hot Defi market. Now, I'm not much at jumping on any of the swap platforms with their high fees, but I did find Pig Token in a USDT (Tether) pair on BitMart. I simply bought some USDT with my Coinbase account and then sent those USDTs to the deposit USDT address Bitmart created for me...and viola, I was quickly able to buy a cool billion PIG/USDT! Now, it is just a matter of time before it is listed on the larger exchanges. And trust me, you want to be in this BEFORE it is listed anywhere else. And then you want to sign up and join the Army, the PIG Army! If you like this review, let me know. This is not financial advice. It is simply what I am doing.--Garry
PLong
by tg-l
SAITAMA!!! ALL TIME HIGH WOLF PACK!!With now over 200K holders and the Saitamask release Event Nov 13th there is alot of momentum building with this project! There will be several Exchange Listings as well as New Partnerships in the next coming weeks! All I can say is buckle up and get involved if you are watching on the sidelines! These are exciting times! Now that we have reached a new all time high you can expect some consolidation at this current price range until the next price surge! The Event is Nov 13th, if you haven't done your research on Saitama I strongly advise you do! I hope this information was helpful and I wish you all the Best!
SLong
by MrMitchellCrypto
1
SAITAMA Healthy Consolidation!!!Saitama Inu is currently in an upward Channel with a healthy consolidation before moving to its next price range! Possibly reaching an ATH ( All time High) this incoming week! The Saitama Event in Vegas is Nov 13th which will be the revealing of the new Saitamask Wallet! I suggest researching and learning more about this token, you may be surprised about it's utilities and tokenomics! There is also anticipation of major Exchange listings coming soon as well! Price is pretty stable with this token which is very appealing for new investors, I wouldn't be surprised if we witness all time highs in the Month of November! I hope this information was helpful and I wish everyone the best of Luck!
SLong
by MrMitchellCrypto
Huobi Token - Support is intact Exchanges tokens are doing well and HT has ben on a stablecoin for a bit. I suspect it will wake up soon because its at support levels and the exchange is doing well. I expect them to do a monthly burn or bi monthly burn soon. Keep your eyes on this and its worth a small punt. HT Liquidity Mining HT also is part of Huobi's liquidity pool so users can lock it up and get free DeFi tokens - just another reason why i see this token going up in the near term.
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by BitGuy2
👀 Huobi Token - Head and Shoulders?Hi everyone, Thanks for following Huobi on TradingView. Right now HT looks a bit oversold but so does the majority of the market. Is this a buying opportunity? MACD looks a bit sluggish but could flip at any time. Let's see how this plays out next week. Upcoming events for HT holders: 1. HT Monthly Burn 2.HT lotto was announced yesterday where you share in AAC rewards just by holding HT Stay tuned for more to come! Risk Reminder: 1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions. 2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.
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by HuobiGlobal
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