The year 2022 â âI will invest now and forget my investments until 2030,â said the average Joe, but ended up checking his crypto portfolio 30 times a day. The 2030 dream didnât last for 20 or 30 weeks before he sold his holdings in disappointment. The âI will hold the long termâ is just an excuse for âI wish I can be a millionaire this yearâ.At first glance, the cryptocurrency market seems to be all about glam. News about truck drivers making millions with a $1000 investment provides comfort tha
Shiba Inu: How Many Years Will SHIB Take To Reach $1?
The Shiba Inu team confirmed on Monday that the Shibarium layer-2 network will begin burning SHIB tokens from January 2024. Read here to learn more details about how many SHIB tokens will be burned by Shibarium every year for a better and in-depth understanding.
According to the latest blog, 70% of the transaction fees initiated on Shibarium will be used to burn SHIB tokens. The rest 30% of the funds will be used to maintain the network helping it to run smoothly and efficiently.
Shibarium will collect fees in the governance Bone token, which is used as gas to conduct transactions on the network. Bone tokens will then be converted into SHIB automatically after it reaches a threshold of $25,000 in value. After the conversion is completed, Shibarium will burn SHIB tokens and permanently remove it from circulation.
However, now that Shibarium is confirmed to burn SHIB tokens, is there a possibility for Shiba Inu to reach $1? In this article, we will highlight how many years it could take for Shiba Inu to hit the $1 mark through burns from Shibarium.
Shiba Inu: How Long For SHIB To Reach $1?
If everything goes right and assume that Shibarium burns 3 trillion tokens every year, it would still not make SHIB reach $1 in our lifetime. The dynamics here come into play differently as the supply would remain plenty with demand being scarce.
For the context, Shiba Inu has 589 trillion tokens in circulation and hardly just 1.3 million holders. The adoption is not catching up with the circulation making its price to either dip or remain constant.
In conclusion, even if Shibarium burns 3 trillion SHIB tokens every year, it would take 98 years for Shiba Inu to reach $1. Thatâs simply not possible in our lifetime. However, if Shibarium manages to burn more than 100 trillion tokens per year, only then could Shiba Inu have any chances of hitting $1 before our lifetime. #SHIBFuture #SHIBSurge
đ Bitcoin is trading at $94,000, yet there is almost no noise.
Interest in Bitcoin on Google is at its lowest levels in years.
But this doesnât mean that no one has entered the market. It's just that now the growth is being driven not by crowds of retail investors, but by big players: funds, corporations, consultants, and even entire nations.
Bitcoin is attracting increasingly serious investors. And this is changing the rules of the game. #TrumptaxCuts
đŞ This week, financial giant BlackRock bought $1.2 billion worth of BTC. The company now holds 582.4K BTC ($54 billion), accounting for 2.77% of the total bitcoin supply. #BinanceAlphaPoints
đŞ The largest withdrawal of Bitcoin from exchanges in the past year, what could this lead to?
Investors are massively withdrawing Bitcoin from crypto exchanges â in terms of volume, it's the largest outflow of BTC since February 2023. Such movements typically suggest that large holders are starting to accumulate the asset, meaning they are removing it from exchanges to personal wallets, expecting a future price increase. #dinnerwithtrump
Gold has officially made history, surpassing the $3,500 per ounce mark for the first time. Over the past six months, the metal's price has risen by 30% â and it seems this is just the beginning.â
This growth is attributed to several factors:â
â Weakening of the US dollar; â Rising geopolitical tensions and fears of a new trade war; â Sharp criticism from Trump towards the Federal Reserve, casting doubt on its independence.â Investopedia
In times of instability, investors are flocking to safe-haven assets. Funds have been flowing into gold ETFs for 12 consecutive weeks, and central banks are purchasing 80 tons of gold per month â 30% more than in 2024.â
Goldman Sachs is confident: this isn't the peak yet. Their forecast suggests that by mid-next year, gold could reach $4,000, especially if doubts about the stability of fiat currencies intensify. #USStockDrop
âĄď¸$BTC surges to $89K, hitting a 6-week high with dominance at a 4-year peak. A potential 10-15% dip is possible after rejection near the 200-day moving average. âĄď¸Short-term Bitcoin holders remain in loss; $91K resistance level identified.
âĄď¸Paul Atkins sworn in as SEC Chair; boosting crypto optimism.
âĄď¸Law firm Burwick Law urges Metaplex to rethink fee sweep plan, citing litigation risk ($6.5M at stake). âĄ#DOGE consolidates around $0.1580 with potential for a breakout above $0.1650.
âĄď¸Bitcoin ETF inflows hit highest since January; ARKB leads the charge.
âĄď¸Saylorâs MicroStrategy purchases an additional 6,556 BTC for $555M.
âĄď¸US judge transfers Binance lawsuit to Florida due to first-to-file rule.
âĄď¸CFTC seeks public input on crypto-style 24/7 derivatives market regulation.
âĄď¸KuCoin settlement with CFTC delayed due to policy shift under Trump administration.
âĄď¸Bybit hack update: $300M of stolen funds are now untraceable, largely through mixers.
âĄď¸Unofficial Catholic meme coin LUCE surges amid Pope betting frenzy.
Crypto enthusiasts on Twitter are spreading information that, historically, altseason began approximately 340 days after the $BTC halving.â
However, analysts at Matrixport believe that the start of altseason in the near future seems unlikely without a significant surge in liquidity.â
The hype surrounding the launch of the Ethereum ETF has subsided, ETH dominance has dropped by nearly 50% in less than a year, and fleeting trends like memecoins WIF and TRUMP end the same way: a sharp rise followed by a steep decline.â
Altcoins come and go â only Bitcoin remains. #BTCRebound
Marketing Roles You Didnât Know You Were Mixing Up
Marketing is a vast field with various specialized roles, and many people often confuse them. Letâs break down the key marketing positions to help you understand what each one does. Whether youâre building a marketing team or just curious about the world of marketing, hereâs your guide to the roles that drive success. 1. Social Media Manager Responsible for handling brand accounts, creating engaging content, analyzing metrics, and maintaining high engagement. They are the voice of the brand acro
âĄď¸Mantra CEO John Mullin refuted claims of insider token sales related to the recent collapse of the OM token.
âĄď¸#BTC ETFs experienced a 300% increase in outflows due to escalating US-China trade tensions, reflecting investor caution. On the other hand, reports show that Bitcoin's market dominance is significantly higher than it was in 2021, indicating greater influence on the overall crypto market. Data also suggests that major crypto investors are showing increased confidence in Bitcoin.
âĄď¸Xapo Bank experienced a significant increase in Bitcoin trading activity during the first quarter, driven by wealthy clients.
âĄď¸President Trump hosted El Salvadorâs President Bukele, focusing on trade, immigration, and security cooperation, excluding discussions about Bitcoin.
đ˝ The collapse of Mantra becomes another scandal in the industry
Yesterday, the value of the OM token dropped by 90% after 43.6 million tokens (4.5% of the total supply) were transferred to exchanges.
đ¤ The Mantra team stated that they did not sell the tokens and that the incident might indicate negligence or even deliberate actions by the exchanges.
Previously, the project was associated with several controversial events, including the presence of multiple online casino owners in the Mantra team and false claims in 2021 about investments from FTX. #USElectronicsTariffs
According to statistics, there are only 58 million dollar millionaires in the world, while only 21 million BTC can ever be mined â and 19.9 million have already been mined.
This means that most millionaires will never own 1 BTC. #SecureYourAssets