Author: mbcrypto

More than 21 mn Shiba Inu tokens burned in 24 hrs with 10 transactions.A total of 21,118,677 Shiba Inu tokens worth around $173 were burned from Thursday morning to Friday morning, data by Shibburn revealed. It took 10 transactions to send these tokens to dead wallets. The memecoin is currently trading at around $0.0000082 after a drop of 2.62% in the last 24 hours.

According to the SHIBA INU website, SHIB is the “DOGECOIN KILLER” and is listed on their own ShibaSwap, a DEX, Shiba Inu coin was created anonymously in August. 2020 under the pseudonym “Ryoshi,” Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.

This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Vitalik Buterin was long believed to be the originator of Shiba Inu, but denied such rumors on the Lex Fridman podcast on June 5, 2021

Elon Musk has been a fierce Dogecoin(DOGE) proponent for several years. The Tesla and SpaceX CEO has publicly stated his support for the cryptocurrency allegedly because of its features and capacity to be “fun”.This has led Dogecoin (DOGE) to benefit from a massive surge in popularity as retail investors piled in on the so-called memecoin. This led Dogecoin to experience a rally from below $0.10 to an all-time near $0.75 as part of a Musk-led movement to push it to $1.

Dogecoin bulls failed, and retail suffered massive losses. According to a report from the New York Post, Musk and his companies could face consequences for their alleged participation in promoting Dogecoin.Keith Johnson, a failed DOGE investor, filed a lawsuit against the entrepreneurs and his companies. The plaintiff claims that Musk allegedly defrauded out of his money by running a “Dogecoin Crypto Pyramid Scheme”.

Johnson seeks to “represent a class ofpeople who have lost money in tradingDogecoin” and investors with a similarcase.Johnson seeks a staggering $86 billion in damages, in addition to $172 billion for triple damages, and to prevent Mr. Musk from promoting Dogecoin. The memecoin is accepted as a form of payment to purchase SpaceX and Tesla merchandise.

Bitcoin drops more than 8% in 24 hours to trade below $21,000.Bitcoin has fallen more than 8% over the last 24 hours to trade below the $21,000 level. The world’s largest cryptocurrency is currently trading at around $20,616, over 70% down from its all-time high of $68,789.63 in November last year. The market capitalisation of the cryptocurrency has also fallen to $393 billion over the past 24 hours.

The live Bitcoin price today is $20,456.05 USD with a 24 hour trading volume of $32,17,32,09,135 USD.Bitcoin is down 8.22% in the last 24 hours.It has a circulating supply of 1,90,69,525 BTC coins and a max. supply of 2,10,00,000 BTC coins.

Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”

Dog-themed coin Shiba Inu never fails to makenoise. With the gripping crypto market crash happening, majority of American investors have hit the panic button and consider selling their digital assets – at which SHIB happens to top the list.Different states in the US such as New York, Florida, Tennessee, and Nevada are looking for many ways to sell their SHIB.

Dogecoin currently is in the third place, with investors coming from eight major states like North Carolina. In other states, Cardano and Ethereum also were most vetted with investors coming from three to four states who wanted to sell the tokens.There was a time this year wherein DOGE surpassed SHIB in terms of the most-searched-for token category in all 23 states in the United States. DOGE ranked third while the most popular meme coin, SHIB was in the fourth spot.

With the current perplexing state of the crypto economy, more Americans find it an urgent need to sell digital assets.SHIB price has increased to as much as 14% in just one hour and 25 minutes. Bitcoin value improved as well as it spiraled way up to $22,340, following U.S. Federal Reserve Chairman Jerome Powell’s statement that huge rate hikes may not be common which did alleviate investor worries.

Dogecoin price surges over 13% in 24 hours, m-cap at $7 billionDogecoin (DOGE), which is currently the 11th largest cryptocurrency, has surged by over 13% in last 24 hours.The meme coin is currently trading at $0.059388 with a 24-hour trading volume of $998,058,035 and its current market value is over $7 billion. However, Dogecoin has seen a drop of over 25% in seven days.

The meme coin is currently trading at $0.059388 with a 24-hour trading volume of $998,058,035 and its current market value is over $7 billion. However, Dogecoin has seen a drop of over 25% in past seven days.The live Dogecoin price today is $0.056103 USD with a 24 hour trading volume of $88,20,54,378 USD.Dogecoin is up 7.43% in the last 24 hours.It has a circulating supply of 1,32,67,07,64,300 DOGE coins and the max.

Dogecoin (DOGE) is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.

Bitcoin has been on a continued downfall after losing close to 33% over the last seven days. In the last 24 hours, BTC lost close to 6% and was moving towards its next support level. There has been immense choppiness in the market, with BTC steadying around the support level of $23,000 and then falling right through that level again.

Bitcoin again bounced off the $20,000 price level as it was trading slightly above that level at the time of writing. Fall from the current price level can push the coin towards the $17,000 support mark.Traditional financial markets also have suffered the brunt after the US Federal Reserve decided to hike up interest rates by at least 50-basis points.

BTC was priced at $21,000 on the one day chart. BTC last traded at this price level in the month of December of 2020. It has been a consistent fall for BTC after the coin lost support at $28,000. Immediate resistance level for the coin stood at $22,000.The support zone was between $19,000 and $16,000 respectively. Consistent sell off can push BTC to $13,000 going by the massive bearish momentum the coin has gathered. Volume of Bitcoin traded increased and was in red signifying bearish assertion in the market.

A total of 239,535,584 Shiba Inu tokens worth around $1,916 at the current exchange rate were burned during last 24 hours. It took 11 transactions to send these tokens to dead wallets. The memecoin is currently trading at around $0.00000866 after a fall of over 2% in the last 24 hours.

According to the SHIBA INU website, SHIB is the “DOGECOIN KILLER” and is listed on their own ShibaSwap, a DEX, Shiba Inu coin was created anonymously in August. 2020 under the pseudonym “Ryoshi,” Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.

Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm, Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (Baby Doge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS) and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 075 USD.

As the crypto market gets ravaged by a wildfire set by the bears, some tokens have taken to recording new lows. One of those cryptocurrencies is Shiba Inu’s SHIBtoken.As the general crypto market fell on 13 June, the SHIB token touched a price index that has now caused the token to trade at levels last seen in early October 2021. At the time of writing, the price of the token was pegged at $0.000008268 per SHIB token.

Trading at $0.000008321 at the time of press, the SHIB token added another zero to its price. During the early hours of 14 June, the token touched a low of $0.0000075. Although poised to be recovering after marking a 2% uptick in price at press time, investors should not rejoice yet. With a 51% growth in trading volume in the last 24 hours, the distribution might just be more than accumulation. At the price the token sold for at press time, it was 90% away from its all-time high of $0.00008845 recorded in October 2021.

Hit by the bloodbath that plagued the cryptocurrency market in April, a price chart analysis revealed that the token has taken on a downward spiral since the middle of April. With price mostly indicated by red candle sticks, the Relative Strength Index (RSI) has since been housed beneath the 50 neutral region. At press time, it was spotted at 27. This showed that the SHIB token is on its way to being deeply oversold.

The co-creator of popular meme token Dogecoin (DOGE) says a lack of traditional oversight leaves crypto traders vulnerable to being fleeced.In a new interview with Australian media outlet The Project TV, Jackson Palmer, who along with Billy Markus developed Dogecoin in 2013 as a joke, says cryptocurrencies are speculative in nature because they derive value from other people rather than their actual utility.

“Cryptocurrency at its core is just a digital currency. The only reason that it has value is because people think it does.It is very much a purely speculative market. It doesn’t really provide anything back to society. You can’t really pay your rent with it. You can’t buy your groceries with it, necessarily.It’s a little bit like an online casino.Those are kind of the digital chips.” Palmer goes on to share his belief that the digital asset ecosystem is like a house of cards.

The best way I think about it is that you’re buying a receipt essentially that says you bought it. That’s about it.Other people in the world will honor that receipt. I think it’s a little bit of a house of cards, personally.”

The DOGE co-founder concludes by stating crypto assets are not inherently a scam but enable malfeasance due to the lack of government oversight and regulation that would protect ordinary consumers.

Last year, Palmer sparked a viral tweet storm criticizing digital assets and referring to mantras of decentralization and sound money as “facades” and “get-rich-quick schemes” that wealthy people use to lure financially desperate individuals into traps and avoid taxes.More recently, he warned that a crypto winter was coming despite the massive devaluation that has already taken place across all assets in the space.

Talking about the crypto market crash, economist Peter Schiff tweeted, “If Bitcoin can collapse by 70% from $69,000 to under $21,000, it can just as easily fall another 70% down to $6,000.” He added, “Given the excessive leverage in crypto, imagine the forced sales that’d take place during a sell-off of this magnitude. $3,000 is a more likely price target.”

Bitcoin can reach $2,000 but never $200,000: Economist Schiff

Economist Peter Schiff has responded after Davinci Jeremie, an early Bitcoin adopter, asked him that out of the two, $2,000 and $200,000, which price level will Bitcoin achieve first. “$2,000 is the only price that happens… $200,000 never happens,” Schiff said. Recently, Schiff predicted that Bitcoin could crash to $20,000 and warned investors against buying the dip.