Author: mbcrypto

Shiba Inu’s much-anticipated layer-2, Shibarium, has had many SHIB holders at the edge of their seats. Recent online buzz has got some holders thinking that the official documentation for the release, or at least its beta test, may happen sometime this week.

Some Shiba Inu holders believe has something to do with the release of Shibarium, because Unification and xFund are in charge of Shibarium’s development, and their mainnet upgrade could help advance the launch.

Apart from SHIB’s principal developer Shytoshi Kusama’s prior announcement that the documentation may come out this month, nothing is formal about Shibarium’s release or, at the very least, the dissemination of its documentation. The Shiba Inu development team’s Layer-2 solution is presently a work in progress.

While there has been a lot of buzz regarding the Shibarium’s debut, there is little information about its exact technology, infrastructure, or even a release date. However, the effort would employ the Shiba governance token BONE as its foundation liquidity asset whenever it is released.

Ryoshi previously stated that when Shibarium is released, they would issue the Shiba Inu stablecoin SHI, which, unlike other stablecoins, will have a fixed price of $0.01 and may be used as a form of digital payment for microtransactions. The Shiba Inu ecosystem presently includes DEX, a decentralized exchange, an NFT gaming platform, and its metaverse initiative, SHIB: The Metaverse.

SHIB’s relationship with blockchain solutions provider xFund might aid in growing Shiba Inu’s value by driving awareness and acceptance. Shibarium intends to reduce transaction costs for users and provide a low-cost solution for several Shiba Inu ecosystem initiatives.

At press time SHIB was trading at $0.00001070, up by 1.6% in the last 24 hours, and down by 9.4% in the last 7 days.

Many people in the financial establishment in industrialized economies see bitcoin and other cryptocurrencies with skepticism, as a speculative and highly volatile trend that can only end badly.U.S. and European regulators have issued dire warnings about the perils of crypto trading. In China, regulators clamp down hard on crypto mining, forcing crypto companies to shut down their operations.

In underdeveloped nations, though, there are indications that crypto is quietly establishing deeper connections. Especially in nations with a history of financial fragility or where inability to access conventional payment services such as bank accounts are increasing, cryptocurrency use is rapidly becoming a daily part of life.

Bitcoin Optimism In Developing Nations Is High.According to a survey conducted by digital payment company Block Inc., the higher respondents assessed their own degree of Bitcoin understanding, the more hopeful they are about Bitcoin’s future.The survey also finds that people in underdeveloped nations are more positive about the crypto’s future compared to those in the west.

The analysis demonstrates an association between optimism and the likelihood of making a purchase, and compares this result to the self-reported level of knowledge of the respondents.People with lower incomes, regardless of where they live in the world, acknowledge bitcoin’s value as a payments infrastructure, viewing it as a means to transfer remittances and purchase products and services.

Based on interviews with specialists in these nations, a large number of citizens utilize peer-to-peer cryptocurrency exchanges as their primary entry point into the crypto market, typically because they lack access to centralized exchanges.Meanwhile, Bitcoin was the most well-known cryptocurrency overall and across regions, with 88 percent of respondents having heard of it, which is twice as many as the 43 percent who have heard of other cryptocurrencies.

Game developer Travis Johnson has performed another weekly Shiba Inu burn from the profits of his “Super Shib Store”, this time removing a total of 56,000,000 SHIB from the circulating supply.

He shared the news in a recent tweet, saying that he “was having trouble with Robinhood, Coinbase” and also with MetaMask wallet.The developer did not specify what trouble he had with this popular trading platforms, however, in one of his previous tweets this week, he mentioned that he had difficulty sending SHIB tokens via Robinhood.

Another recent tweet of the “Super Shib Store” says that they have managed to burn 16,525,821 Shiba Inu bought with commissions from the Amazon affiliate program that was recently announced by this Twitter account.

Overall, according to the @shibburn tracker, over the past 24 hours, a total amount of 284,133,700 SHIB has been sent to dead-end wallets. The burn rate has increased by 190.25 percent compared to a day ago.

Dogecoin [DOGE] had a bearish outlook on the higher timeframe charts as it continued to form lower highs on the chart. The $0.095 and $0.111 are the levels of resistance to watch out for. Dogecoin was trading at $0.08 at the time of writing, but it had strong selling pressure over the past couple of months.

A Bitcoin surge might see a Dogecoin rally as well, but this might not reverse the downtrend that DOGE has been on since last November.

The market structure of DOGE has been strongly bearish since April. There have been some wicked bull traps since April began, such as the one on 25 April where the price rose from $0.124 to $0.164, before reversing just 36 hours later.In late May as well, the price surged from $0.077 to $0.09 before falling back to the $0.08 level a few days later.

Dogecoin does not offer a buying opportunity, especially not to the risk-averse investor. A retest of the $0.09 or the $0.0905 level, if it presents itself in the next few weeks, would be for selling.

A session close above $0.095, and a retest as support from above, could be indicative of a move toward $0.111.

Shiba Inu and the native token SHIB are creating headlines within the crypto market since the beginning of 2022. A day ago SHIB initiated some adjustments to the reward distribution using the LEASH LOCKER feature. Indeed, it helped SHIB to register such much needed gains under its belt.

The burn tracker website Shibburn records each and every interval of SHIB burning mechanism. Notably, a significant impressive stash of Shiba, over the years, sent to unspendable wallets has decreased the circulation in supply. This has been done to increaseShiba Inu’s price.In the latest development, the burn rate of the second biggest meme crypto increased by almost 190% in the past 24 hours.

According to the Shibburn account on Twitter, a total of 141,010,050 Shiba tokens have been destroyed- sent to dead-end wallets and locked there permanently.

The largest European exchange has finally added support for Shiba Inu. Europe’s largest exchange, Bitstamp announced the listing of Shiba Inu earlier on 7 June. Users can trade the popular meme coin against the U.S. dollar and the euro. Order books in limit-only mode would start from 7 June. Users’ limit orders will then be matched within the same day.

Also, SHIB made its way into the footballing world as well. Brazilian football club São Paulo FC startedaccepting cryptocurrency payments via the Latin American cryptocurrency trading platform Bitso. It is accepting Shiba Inu (SHIB) too among other tokens.In addition to this, ETH dominant buyers or whales too preferred to buy SHIB as the token entered the top-10 holdings list.

BTC is down over 5% at $29.535 sticking to the same tight range seen for over a month. There also appear to be few factors encouraging any price gains in the short term.

Rather, technical indicators show that BTC could slump to below $24,000 in the next few weeks. The token is expected to see increased selling pressure ahead of key US inflation data due this week

Other factors, such as increased regulatory scrutiny of crypto, could also spell more losses for BTC.

BTC to capitulate below $24k . According to popular crypto analysts BTC is trading in a bear flag structure, with the pattern set to play out in more losses.

The analyst expects the token to capitulate below $24,000-which could represent a buying opportunity. They also noted that BTC’s recent price action is playing out very similar to that seen in 2018 where the token had traded in a tight range for several months before sharply tumbling by over 50%, to as low as $3,000.

BTC is also likely behaving similarly to 2018 given that the year was the last time the Federal Reserve raised rates, before 2022.As such, with more interest rate hikes on the horizon, BTC could see more capitulation.

Grove Token describes itself as a decentralized, secure green token created with a focus on the environment. It aims to create wealth for all GVR token holders through its climate-friendly approach.Grove aims to be the greenest cryptocurrency yet. Grove Token is a decentralized and secure green Token built for the future of our planet. By compensating nature for years of abuse, Grove will create a healthier, wealthier future for all.

Many crypto projects were launched in recent years, pledging environmental safeguards in their operations.Grove is a green investment firm focused on renewable energy. Grove said that its GroveWallet would be the first green wallet and will promote eco-friendly use of digital currency.It also claims that the Grove token trade gives high returns and rewards with low transaction costs.It helps users to stack and earn. Its website claims that it redistributes 3% of its income from each transaction to token holders.

It was founded in Dubai by John Ghemwari, who serves as CEO, John Elmasri, Richard Sultan and Mendy Parker. The coin launched in March 2022, but did not become widely traded until May. The grove token is supported by the GroveToken Dubai company.

Grove price today is $0.000000000170 with a 24-hour trading volume of $2,104,393. GVR price is down -6.4% in the last 24 hours.

It has a circulating supply of 0 GVR coins and a total supply of 99.5 Quadrillion.

Grove hit an all time high of $0.000000000220 on May 28, 2022 (10 days).

Grove had an all time low of $0.000000000114 on May 16, 2022 (22 days).

The 24 hour trading volume of Grove is $2,104,393

Shibarium is the Shiba Inu token’s most-awaited development and investors believe its launch could make SHIB scale up sustainably in price. Reports are doing the rounds on social media that Shibarium might release in June, giving way to the launch of the layer-2 solution. Unification, which is currently working on Shibarium announced earlier this year that the development has reached the second stage of the private testnet. However, the public testnet is yet to be live and Unification has kept the developments under wraps.

Several Shiba Inu investors have been suggesting Shibarium is all set to release this month.However, it is highly unlikely that Shibarium will be launched by the end of June 2022. Shytoshi Kusama previously revealed that Shibarium ‘Documentation’ might release sometime in June and not Shibarium as a whole in itself.

Both Shiba Inu and the Unification team have not revealed a tentative Shibarium release date yet. The release dates on social media are mostly speculative and not official.

Shibarium will be built on top of the Ethereum blockchain and surpass its high gas fees for transactions. Reports state that the upcoming layer-2 solution will have much lesser gas fees and could also be $0. This would increase SHIB’s trading volume and also attract many new and first-time investors into its fold.

In addition, reports claim that Shibarium will include a small transaction fee that will be used to ‘burn’ SHIB tokens. If the team includes the development, Shibarium could be a 24/7 mill that ‘burns’ SHIB constantly. All this will make Shiba Inu’s price scale up sustainably and move towards the path of the ‘1 Cent dream’.

It has been a volatile week for the the world’s largest cryptocurrecy Bitcoin. However, BTC has managed to register the first weekly green candle in nearly three months.

As of present time Bitcoin is trading 4% up at a price of $31,197 with a market cap of $589 billion. On a weekly chart, Bitcoin is up 2.32%.

However, this could mean a sigh of relief for Bitcoin investors in the short term, it doesn’t quite suggest a trend reversal here. Some analysts suggest that this could just be a bear market rally and we could be in for some more correction down the road.

If we see the technical chart, Bitcoin is still trading way above its 200-day moving average (DMA). Historically, BTC has bottomed around at 200 DMA or just below which is 25% down from the current levels.

Shiba Inu token is now on top 10 by trading volume among 5000 biggest ETH whales in the last 24 hours. Meanwhile, USD Coin, Tether USD, Wootrade Network token and Ethereum were in the list of top 10 tokens in trading volume among the 100 biggest ETHwhales in the last 24 hours.

Once upon a time, there was a very special dog. That dog was a Shiba Inu, and this dog inspired millions of people around the world to invest money into tokens with the dog’s image on it.

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.

The SHIBA INU website notes that they locked 50% of the total token supply on Uniswap, and “threw away the keys!” The remaining 50% was “burned to Vitalik Buterin.” In response to the “gift” from the Shiba Inu team, Vitalik Buterin sent 50 trillion SHIB tokens, worth $1 billion in Shiba Inu price at that time, to India’s Covid Crypto Relief Fund Buterin then burned 40% of the total supply to a dead wallet.