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$CETUS

#oportunit
#desaster

attention $CETUS is experiencing network issues
suspected hack attack!? liquidity pools being drained? 😬 await more information, but for now, suspicions of a hack attack on the decentralized cetus dex that pools one of the main cryptos Sui have presented serious problems 😬⚠️⚠️⚠️
high volatility alert avoid trading on this for a moment until everything stabilizes ⚠️

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How Quickly Can Shiba Inu Turn $1 into $1000❓
The memecoin sector of the crypto universe has often surprised the community by delivering unreal gains to its investors through viral memecoins. After this, memecoin enthusiasts frequently wonder if top assets like Shiba Inu ($SHIB) could potentially reach an impossible milestone price like bluechip cryptocurrencies.
Can the price of Shiba Inu register a 1000x rally?
At the time of writing, the price of #shibaInu is trading at $0.00001439 with a market capitalization of $8.47 billion. With a long way to go to the $1 mark, this memecoin price would require impractical financial support to reach the desired price target.
For the price of #SHIB to achieve a 1000x increase, the necessary market capitalization would exceed $8.47 trillion. However, at the moment, this target seems unattainable due to the large supply of SHIB and the token's dynamics.
With this, the question of the moment arises: how far can the price of Shiba Inu really go up? Let's now discover the possible short-term price prediction for SHIB.
How far can the SHIB memecoin realistically go?
With a decline of approximately 2% in 24 hours, Shiba Inu has failed to retest its important resistance zone of $0.0000150. As a result, the market capitalization of this memecoin has dropped to $8.381 billion and a market dominance of 0.2539%.
The Relative Strength Index (RSI) is on track to retest its neutral point on the daily timeframe. However, its average trendline is constantly rising, suggesting mixed price action for the second-largest memecoin in the cryptocurrency market.
The 50-day EMA acts as strong support for the price chart of the SHIB memecoin on the 1D timeframe, with its 200-day EMA acting as resistance around the $0.000016 mark. This highlights an increase in price action for the altcoin.
#memecoins

Why is the SHIBA INU burn rate skyrocketing, but the price isn't rising?
Recently, we saw an explosive increase in the burning of SHIB tokens — over 100,000% in just 24 hours! It seems impressive, but the price hasn't significantly increased. How is this possible?
Here is a quick summary:
1. Burning reduces supply, but does not guarantee higher demand
Burning tokens means there are fewer SHIB available in the market. But for the price to rise, demand needs to increase or at least remain stable. If buyers don't enter, the price may not react immediately.
2. Market speculation can neutralize the effects of burning
Some investors may sell in anticipation of quick profits from the news of the burn, putting temporary downward pressure on the price.
3. Multiple factors influence price simultaneously
The overall sentiment of the cryptocurrency market, macroeconomic events, and large sell-offs can keep the price low, even with reduced supply.
4. The effects of burning take time to reflect on the price
The reduction in supply supports price growth in the medium and long term, but it is not always instantaneous. It may take days or weeks for the impact of burning to appear.
In summary: The massive burning of SHIB is a positive sign for the tokenomics and tightens the supply. However, for the price to rise, sustained demand and favorable market conditions are necessary. Therefore, patience and close monitoring are key.
#SHIB #SHIBA #CryptoBurn #CryptoNews #Altcoins #Cryptocurrency #DeFi #Blockchain #CryptoTrends #CryptoInvesting #Tokenomics #CryptoCommunity

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