🚀 Bitcoin has rocketed past 109k, smashing ATHs! Where's it going next? Drop your prediction for this week's $BTC closing price in the comments of this post 👇 🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2025-01-20 07:30 to 2025-01-26 20:00 (UTC) ‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry. Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-26 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-26 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of same predictions by multiple users, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 14 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelinesor Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
Could Shiba Inu (SHIB) Realistically Reach $1 in the Next 40 Days? $SHIB
As of January 25, 2025, Shiba Inu (SHIB) is trading at approximately $0.00001994, and while the idea of SHIB hitting $1 within the next 40 days may sound appealing, it is not feasible due to several critical factors. Market Capitalization and Supply Dynamics SHIB's circulating supply currently stands at approximately 589 trillion tokens. For the token to reach a price of $1, the market capitalization would need to soar to an unimaginable $589 trillion, surpassing the combined value of all global assets. This sheer scale of valuation is unrealistic and highlights the impracticality of such price levels under current conditions. Burn Mechanisms and Supply Reduction The Shiba Inu ecosystem has implemented burn strategies, particularly through its Shibarium Layer 2 solution, aimed at gradually reducing the circulating token supply. While these initiatives are promising for long-term price sustainability, the current burn rates are not sufficient to create a substantial impact on SHIB's massive token supply in such a short timeframe. Technical and Market Analysis From a technical perspective, bullish patterns like a cup-and-handle formation have been identified by analysts, indicating potential price growth in the near term. However, even with optimistic scenarios, price targets remain significantly below $1. Factors such as trading volume, overall market sentiment, and liquidity suggest that SHIB's price trajectory may be positive, but a leap to $1 is far beyond current market dynamics. Conclusion The prospect of Shiba Inu reaching $1 in the next 40 days is implausible, given the staggering market capitalization required, the challenges of reducing the token supply at scale, and the technical barriers. #ShibaInu #SHIB #CryptoAnalysis #TokenBurns #RealisticExpectations
$WRX has taken a hit, dropping from 0.068 USDT to 0.0623 USDT, a sharp -8.38% decline!
The bears are in control, and the market is pulling back. If you’re holding $WRX , now’s the time to stay cautious. Is this just a temporary dip, or are we in for more losses?
Can $BTTC Make You A Millionaire By 2030? Dive into it! 💰📊 BitTorrent Chain ($BTTC), a project BitTorrent Chain ($BTTC), a project deeply rooted in the blockchain ecosystem, is buzzing with its potential to transform the future of decentralized file sharing. But can it really make you a millionaire by 2030? Let's explore its journey, potential and goals
It was March 14, 2021, when Elon Musk wrote on his official Twitter profile that he is getting a Shiba Inu.
I’m getting a Shiba Inu #resistanceisfutile
— Elon Musk (@elonmusk) March 14, 2021
Although that post referred to a dog, the hashtag added by Musk rather clearly suggested that he was also referring to the namesake cryptocurrency.
The rise of Shiba Inu also thanks to Elon Musk
The first memecoin ever created is Dogecoin, launched in 2013, dedicated to a famous meme of a dog.
Musk has supported Dogecoin since the beginning of 2021, and in March of that same year, he seemed to have started supporting Shiba Inu as well.
Shiba Inu, unlike Dogecoin which is a true cryptocurrency, is a token, and it was created the previous year.
Until precisely March 2021, it had not attracted any attention in the crypto markets, but after Musk’s mention, a boom began that in a very short time took its price from 0.5 millionths of a dollar to 34 millionths.
That boom, however, did not end in May 2021, because in November it took it to the all-time highs of 88 millionths.
In short, in less than ten months, it had gained more than 15,000%.
The decline
However, that was an evident speculative bubble, which burst already at the end of 2021.
Over the course of a year and a half, its price fell below 8 millionths of a dollar, losing more than 90% of its value, only to plummet further in 2023, when it also fell below 7 millionths.
Not even the bullrun at the end of 2023 was of any use, because it only served to interrupt the descending lateralization trend, bringing the price of Shiba Inu only to 11 millionths.
On the other hand, Elon Musk has not talked about Shiba Inu since July of last year.
However, the trend of the price of SHIB continues to be linked to that of DOGE.
For example, in March of this year Dogecoin recorded a +140% which also brought along Shiba Inu.
At that point, the decline seemed to have ended, as the price of SHIB had returned at least above 30 millionths, but instead, in the following months, it collapsed again, remaining however always well above 11 millionths.
The recent boom
Starting from October, the price of Dogecoin has started to rise again, with a +300% in just under two months.
In reality, the rebound of Shiba Inu, following the collapse of the past months, already began in September, even if for now it has only served to bring it back above 30 millionths.
Despite the recent boom in the crypto market, and the notable performance of some altcoins that have returned to their highs, the price of Shiba Inu in recent weeks has not even managed to return to the annual highs of March.
Dogecoin, on the other hand, managed to significantly surpass the highs of 2024, managing to return to -40% from the all-time highs of 2021. Shiba Inu, on the other hand, is still at -65% from the highs.
There is, however, a difference.
In 2021 Dogecoin reached its highs in May, while Shiba Inu did so in November. The current price of Shib, above 30 millionths of a dollar, is indeed still much lower than the highs of November 2021, but it is in line with the previous highs of May of the same year.
This suggests that, while Dogecoin in 2021 exhausted its strength in the crypto markets when Musk stopped promoting it, Shiba Inu instead continued for a few more months, and now it is mainly affected by that second part of the speculative bubble that did not occur with DOGE.
Elon Musk and the crypto beyond Shiba Inu
Since Musk entered politics, he hasn’t been doing much explicit advertising for cryptocurrencies.
Furthermore, it remains focused mainly on Dogecoin, while for other similar tokens (such as Shiba Inu and Floki) it seems to have completely ceased any propaganda activity.
On Dogecoin, however, it is continuing, so much so that it has named its new department DOGE with which it is helping Trump find ways to cut public spending.
Despite this, however, the market value of Dogecoin is still significantly below the highs of 2021, even if it may have embarked on a path that could lead it towards new peaks.
The problem with Dogecoin is that, as a crypto project, it still has nothing concrete. That is, for now, it remains solely and exclusively a memecoin, from a strictly technical point of view, even if the Shiba Inu case shows that even an evolution in the project may not be sufficient to reverse the trend.
In fact, its layer-2 Shibarium has now been launched for quite some time, but it has never really been able to make a difference in the price.
In the absence of publicity like that done by Musk in 2021, it is difficult for it to register new stellar performances, also because in the meantime many other memecoins have emerged that are promoted much more.
It was March 14, 2021, when Elon Musk wrote on his official Twitter profile that he is getting a Shiba Inu.
I’m getting a Shiba Inu #resistanceisfutile
— Elon Musk (@elonmusk) March 14, 2021
Although that post referred to a dog, the hashtag added by Musk rather clearly suggested that he was also referring to the namesake cryptocurrency.
The rise of Shiba Inu also thanks to Elon Musk
The first memecoin ever created is Dogecoin, launched in 2013, dedicated to a famous meme of a dog.
Musk has supported Dogecoin since the beginning of 2021, and in March of that same year, he seemed to have started supporting Shiba Inu as well.
Shiba Inu, unlike Dogecoin which is a true cryptocurrency, is a token, and it was created the previous year.
Until precisely March 2021, it had not attracted any attention in the crypto markets, but after Musk’s mention, a boom began that in a very short time took its price from 0.5 millionths of a dollar to 34 millionths.
That boom, however, did not end in May 2021, because in November it took it to the all-time highs of 88 millionths.
In short, in less than ten months, it had gained more than 15,000%.
The decline
However, that was an evident speculative bubble, which burst already at the end of 2021.
Over the course of a year and a half, its price fell below 8 millionths of a dollar, losing more than 90% of its value, only to plummet further in 2023, when it also fell below 7 millionths.
Not even the bullrun at the end of 2023 was of any use, because it only served to interrupt the descending lateralization trend, bringing the price of Shiba Inu only to 11 millionths.
On the other hand, Elon Musk has not talked about Shiba Inu since July of last year.
However, the trend of the price of SHIB continues to be linked to that of DOGE.
For example, in March of this year Dogecoin recorded a +140% which also brought along Shiba Inu.
At that point, the decline seemed to have ended, as the price of SHIB had returned at least above 30 millionths, but instead, in the following months, it collapsed again, remaining however always well above 11 millionths.
The recent boom
Starting from October, the price of Dogecoin has started to rise again, with a +300% in just under two months.
In reality, the rebound of Shiba Inu, following the collapse of the past months, already began in September, even if for now it has only served to bring it back above 30 millionths.
Despite the recent boom in the crypto market, and the notable performance of some altcoins that have returned to their highs, the price of Shiba Inu in recent weeks has not even managed to return to the annual highs of March.
Dogecoin, on the other hand, managed to significantly surpass the highs of 2024, managing to return to -40% from the all-time highs of 2021. Shiba Inu, on the other hand, is still at -65% from the highs.
There is, however, a difference.
In 2021 Dogecoin reached its highs in May, while Shiba Inu did so in November. The current price of Shib, above 30 millionths of a dollar, is indeed still much lower than the highs of November 2021, but it is in line with the previous highs of May of the same year.
This suggests that, while Dogecoin in 2021 exhausted its strength in the crypto markets when Musk stopped promoting it, Shiba Inu instead continued for a few more months, and now it is mainly affected by that second part of the speculative bubble that did not occur with DOGE.
Elon Musk and the crypto beyond Shiba Inu
Since Musk entered politics, he hasn’t been doing much explicit advertising for cryptocurrencies.
Furthermore, it remains focused mainly on Dogecoin, while for other similar tokens (such as Shiba Inu and Floki) it seems to have completely ceased any propaganda activity.
On Dogecoin, however, it is continuing, so much so that it has named its new department DOGE with which it is helping Trump find ways to cut public spending.
Despite this, however, the market value of Dogecoin is still significantly below the highs of 2021, even if it may have embarked on a path that could lead it towards new peaks.
The problem with Dogecoin is that, as a crypto project, it still has nothing concrete. That is, for now, it remains solely and exclusively a memecoin, from a strictly technical point of view, even if the Shiba Inu case shows that even an evolution in the project may not be sufficient to reverse the trend.
In fact, its layer-2 Shibarium has now been launched for quite some time, but it has never really been able to make a difference in the price.
In the absence of publicity like that done by Musk in 2021, it is difficult for it to register new stellar performances, also because in the meantime many other memecoins have emerged that are promoted much more.
The crypto world is buzzing with rumors about Elon Musk’s potential interest in BitTorrent Chain ($BTTC). With Musk's track record as a game-changer in industries from space to AI, could this be the start of a groundbreaking partnership? 🤔 Let’s dive into the speculation! 🔑 Why are people talking about Musk & $BTTC? 1. Passion for Decentralization: Musk has long championed innovative and decentralized technologies—something that aligns perfectly with $BTTC’s mission to revolutionize file-sharing using blockchain. 💻🔗 2. $BTTC's Momentum: The $BTTC project has been gaining serious traction, catching the eye of many, including top influencers in tech—perhaps even Musk himself? 📈🚀 ✅ Fact Check: Despite the buzz, there’s no official confirmation from Musk or BitTorrent about any collaboration—so for now, it remains just a rumor. 🚫 💎 Why $BTTC is Still Worth Watching: Even without Musk’s involvement, $BTTC is making waves for its real-world value: Innovative File Sharing: By using blockchain, $BTTC offers a faster, more secure, and cost-effective solution for file sharing. ⚡💰 Solving Scalability Challenges: $BTTC is helping improve blockchain scalability, which is crucial for the future of decentralized tech. 🌍📈 Vibrant Community: A passionate and active community supports $BTTC, driving adoption and pushing for broader usage. 👥🌱 🎯 Conclusion: While the rumors surrounding Musk’s involvement are exciting, it’s $BTTC’s technology and community that should keep you focused on its long-term potential. 🚀 Do you think Musk will join $BTTC, or is it just another crypto rumor? 💬 Drop your thoughts below! 💥 Get in the Action: Start trading $BTTC now on Binance and use advanced tools#XRPReclaimsTop3 #XRPTrends #MicrosoftBTCInvestmentVote #AIAndGameFiBoom #Write2Earn!
Is Elon Musk Linked to BitTorrent Chain (BTTC)? The Truth Behind the Speculation🚨🚨
Rumors about Elon Musk’s potential connection to BitTorrent Chain ($BTTC) have been making waves in the crypto space. While Musk’s enthusiasm for decentralized technologies and cryptocurrencies like Dogecoin is well-known, there is no verified evidence to confirm his involvement with BTTC.
What’s Fueling the Speculation?
Musk’s reputation for backing innovative, decentralized technologies has led to speculation that he might be an investor or collaborator in the BitTorrent ecosystem. However, these claims remain unsubstantiated, as neither Musk nor BitTorrent has provided any confirmation.
BTTC’s Growth and Community Hype
Regardless of the rumors, BitTorrent Chain ($BTTC) continues to attract attention due to its potential for growth and strong community support. Its focus on: • Decentralized file-sharing technologies. • Blockchain scalability solutions. • An engaged developer ecosystem.
has positioned it as a promising player in the decentralized space.
Focus on Facts, Not Speculation
While a connection between Elon Musk and BTTC would undoubtedly create buzz, it’s important to approach such claims with caution. Investors are better off evaluating BTTC’s innovations and use cases rather than relying on unverified associations.
Conclusion
The excitement around $BTTC is real, but for now, its success will depend on its own merit—not Musk’s involvement. Keep an eye on its developments and community-driven growth to gauge its true potential.