My people! What’s up, pals! Are you ready for this hot gossip that the world of crypto brings us? Well, hold on, because things got serious with our beloved Shiba Inu (SHIB). It turns out that someone, a charitable soul with money, sent a huge amount of SHIB to the burn! And when I say huge amount, I mean one billion SHIB coins in one sitting! 🤯
Imagine the scene: a nobody (or a 'millionaire nobody', rather) arrives and boom, 1,000,000,000 SHIB straight to the incinerator. This caused the daily burn rate of SHIB to skyrocket a brutal 99,284% overnight. Almost 100 thousand percent! It’s as if the very sun had started burning SHIB, that crazy! 🔥☀️
This anonymous contributor, who clearly has money to spare, threw $11,850 worth of SHIB into the fire. Why? To reduce the circulating supply of this meme coin that we love so much. Now there are only 584.556 trillion SHIB left out there. Fewer coins, in theory, means that the ones that remain are worth more, right? It’s the logic we love as those who are on the ball! 🤑
But be careful, not everything is rosy, my dear ones. Although this monumental burn is a super bullish signal, the price of SHIB, while positive, rose like a little turtle during the day, reaching a maximum of $0.00001189. It still hasn’t been able to break that resistance of $0.000012, and the transaction volume remains modest, below $150 million. It seems that people were left in shock and didn’t dare to move much money! 😴
Is the Super Push of the Dog Coming? 🚀
But don’t lose hope, because this is where the story gets good. According to analyst Javon Marks, a whiz in crypto, it seems that SHIB is preparing for a 180-degree 'reversal'. Just as you hear it! The Moving Average Convergence Divergence (MACD), which is like the market gossip that warns us what’s going to happen, has confirmed a bullish divergence. And what does that mean? It means the price could rise, and a lot! Marks says we could see a 180% surge, yes, 180%! That would put our little dog at $0.000032, a level we haven’t seen since December 2024. Just imagine! 📈🚀
And not only that, the Bull Bear Power (BBP) meter, another tool that measures the strength of buyers and sellers, has been positive since Tuesday morning! And the market 'heavyweights', the big investors, seem to be regaining confidence in SHIB. This is like when the football team is losing and suddenly scores two goals in a row and the fans get excited. That’s how we are with SHIB! 🎉
Of course, the market gossip also tells us that SHIB is still below $0.000012, which is a key level for all this MACD talk to become reality. So we need to keep our eyes peeled, be very alert! 👀
Why Does This Matter to Us? 🤔
At the end of the day, burning coins is like removing bricks from a wall so that the remaining ones are more valuable. It’s a strategy to increase value in the long term, but it’s not the only thing. The success of a crypto also depends on whether people use it, if demand grows, and how the market is doing overall.
This mega burn of one billion SHIB has left us all with our mouths open and hope soaring. Let’s see if the little dog surprises us and really 'rises like foam'. Stay alert! $SHIB
