Standard Chartered predicts Bitcoin price could reach US$$ 200,000 next year, mainly due to the increasing interest of institutional investors. #DYORAlways
With the new year approaching, where do you think Bitcoin will go 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: 2024-12-30 07:00 to 2025-01-05 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.
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Terraform Labs co-founder Do Kwon is facing fraud charges in the U.S. after being found liable for a multibillion-dollar cryptocurrency fraud scheme. Accused of misleading investors and faking transaction data.
Learn more about the legal battle and its potential impact on the industry.🔗 https://nettribe.hashnode.dev/terraform-labs-co-founder-do-kwon-to-face-fraud-charges-in-the-us
A coin burn is a process where a certain number of cryptocurrency tokens are intentionally removed from circulation, reducing the total supply 🔪. This can help increase the value of the remaining tokens and demonstrate a project's commitment to its community 🌟.
👀 _BONK's Massive Coin Burn:_
BONK has announced a massive coin burn of 949.14 billion tokens, which is approximately 50% of the total supply 🤯! This move aims to:
1. _Reduce Supply:_ Decrease the total supply of BONK tokens, potentially increasing demand and value 📈. 2. _Show Commitment:_ Demonstrate the project's commitment to its community and investors, showcasing a willingness to take bold actions 🔒. 3. _Boost Confidence:_ Increase confidence in the project, as a reduced supply can lead to higher prices and a more stable market 📊.
📊 _Impact on BONK's Price:_
The massive coin burn is expected to have a positive impact on BONK's price, potentially leading to:
1. _Increased Demand:_ Reduced supply can lead to increased demand, driving up prices 📈. 2. _Higher Value:_ With a reduced supply, each remaining token may become more valuable, attracting more investors and users 🌟. 3. _Improved Market Sentiment:_ The coin burn can improve market sentiment, increasing confidence in the project and its potential for growth 📊.
🔍 _What's Next for BONK?_
With the massive coin burn complete, BONK is poised for potential growth and adoption 🚀. Keep an eye on:
1. _Price Movements:_ Monitor BONK's price movements, as the reduced supply may lead to increased demand and higher prices . 2. _Community Engagement:_ Follow BONK's community engagement, as a strong and active community can drive adoption and growth . 3. _Future Developments:_ Stay informed about BONK's future developments, as the project may announce new partnerships, updates, or initiatives .
Remember, investing in cryptocurrency is a high-risk, high-reward endeavor.