Shiba Inu is the flagship meme token on Ethereum. ADA Shiba Inu, or A SHIB for short, is the 2.0 version of Shiba Inu built on Cardano, utilizing low gas fees and Cardano’s Extended UTXO model.

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A SHIB

<p><strong>DISCLAIMER:</strong> This article is a SPONSORED Press Release and does not constitute Finbold's editorial content nor undergo monitoring. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please <a target="_blank" href="https://finbold.com/blockdags-shibuya-keynote-rakes-in-6-3m-inspires-inflow-despite-theta-and-cardano-ecosystem-surge/#disclaimer">click here</a>.</p><div>
<p><a href="https://blockdag.network/" target="_blank">BlockDAG (BDAG)</a> has become a transformative force, with its presale accumulation surpassing $6.3 million, drawing significant attention away from established players like Cardano and THETA. This analysis explores BlockDAG’s strategic advancements and their implications for the broader crypto market, particularly in the context of Cardano’s ecosystem development and THETA’s price movements.</p>
<h2 id="h-cardano-s-strategic-pivot-towards-web3-integration"><strong>Cardano’s Strategic Pivot Towards Web3 Integration</strong></h2>
<p>Cardano’s ecosystem strategically embraces Web3 through significant investments to broaden its tokenisation capabilities and solidify its blockchain presence. This deliberate approach seeks market dominance and a comprehensive ecosystem fostering sustainable blockchain utility, contrasting with the rapid, headline-grabbing ascension of new entrants like BlockDAG.</p>
<figure><a href="https://blockdag.network/" target="_blank"><img src="https://lh7-us.googleusercontent.com/sxwXeskqNbP6RIP1P51_BZPKV7arWGRFgo4znw_QyIz1vEjXIxs1WtqYfN6Jh1XaVkHHT53xUmJ1CHY7KCT_2hKEDK2qQ5P3tPB0EETw2TQnCcQGG7efeVH80lVn_oCG6Mb80z_V_YabTmiJCjnAWg" alt /></a></figure>
<p><strong>THETA’s Price Volatility: A Market Under Microscope</strong></p>
<p>While THETA’s network experiences a price surge, reflecting a boost in investor confidence, a subsequent dip in trading volume introduces a note of market caution. This scenario underscores the inherent volatility in the crypto sector, where THETA’s future influence rests on its ability to navigate market dynamics and technological advancements effectively.</p>
<figure><img src="https://lh7-us.googleusercontent.com/GNlhIvWrQ9TLkYX3iZgEYFBaRFtjyoVv4XU_aQ0ZqWIhUQYbIJCZLkrleoM1hdvGFugK8lyeWxoJECI_VHjKgSnAUyEwwhz1QLFfIhdQXgkAzOpTVCWEUBit-H04FpzihS_WHCsJgjm-C9_YIMq_SA" alt /></figure>
<p><strong>BlockDAG’s Market Entry: A Shibuya Showcase of Innovation</strong></p>
<p>BlockDAG’s innovative market entry, highlighted by a keynote at Tokyo’s Shibuya Crossing, has captured the crypto community’s imagination, signalling a bold foray into the competitive digital asset space. This strategic marketing move, coupled with significant miner sales and fundraising success, positions BlockDAG as a compelling investment prospect for the future, potentially outpacing rivals like Cardano and THETA.</p>
<p>With over $6.3 million raised in its latest presale phase and a substantial miner base, BlockDAG’s trajectory is steeped in innovation and investor appeal. The brand’s vision extends to practical blockchain applications, including a crypto payment card and X-series mining rigs, aiming to integrate cryptocurrencies into daily life and offer new passive income streams.</p>
<figure><a href="https://blockdag.network/" target="_blank"><img src="https://lh7-us.googleusercontent.com/hqwblkcK5Mg-lfNx-JeJc6xNIY5zLUL8uFpmx5RefUuWjoJchnq8axfU8BwTyonX-mnCSmsmxbU_sy4YR24Q-lBgxR-3eiPQRGamQbVubUPBy38SVikzbP70qy43IYojiMiETThs-jbp5Xfn-W8wIw" alt /></a></figure>
<h2 id="h-embrace-the-blockdag-movement-a-future-defining-investment"><strong>Embrace the BlockDAG Movement: A Future-Defining Investment</strong></h2>
<p>BlockDAG’s presale success and innovative approach mark a significant moment in the cryptocurrency narrative, offering a new investment avenue that contrasts with the established paths of Cardano and THETA. For investors and enthusiasts looking to participate in a groundbreaking project, BlockDAG presents an unmatched opportunity to be part of a future-defining movement in the crypto world.</p>
<p>BlockDAG has established itself as a prime investment opportunity. Having already garnered $2 million in miner sales, it’s on a rapid trajectory to become the premier cryptocurrency of 2024. Early investors have seen a 50% gain on their contributions, with the presale promising a potential 50-fold increase in investment and an extraordinary 5000-fold increase post-launch, positioning BlockDAG as an exceptionally appealing option for investors in the coming year.</p>
<p>Furthermore, BlockDAG is making a mark in the crypto mining sector as the quickest Proof of Work (PoW) network, aiming to achieve a transaction speed of 30 blocks per second and a confirmation speed of 10 blocks per second. The network’s mining solutions are optimised for both efficiency and eco-friendliness, accommodating a broad range of technical skill levels. Take advantage of this unparalleled investment chance and be thankful for the decision in the future!</p>
<figure><a href="https://blockdag.network/" target="_blank"><img src="https://lh7-us.googleusercontent.com/8x1LZRhOCIg2MDTEQcUaROjArQR16GhwW-82EeHKX0x9MAYiVHC0f1jGtJme3V1x-xAHZPSIMErSrn-5pNYUTYrfUw5iiBzYdesupV_mZOwKiUvl6ctQvquHrc6ddkudxBwQ5fy77fHakgavFVrwDg" alt /></a></figure>
<p><strong>Invest in the BlockDAG Presale Now:</strong></p>
<p>Website:<a href="https://blockdag.network/" target="_blank"> https://blockdag.network</a></p>
<p>Presale:<a href="https://purchase.blockdag.network/" target="_blank"> https://purchase.blockdag.network</a></p>
<p>Telegram:<a href="https://t.me/blockDAGnetworkOfficial" target="_blank"> https://t.me/blockDAGnetworkOfficial</a></p>
<p>Discord:<a href="https://discord.gg/Q7BxghMVyu" target="_blank"> https://discord.gg/Q7BxghMVyu</a></p> </div>

Finbold

BlockDAG's Presale Imparts Cardano Ecosystem & THETA Price Trends

<p>Press Releases are sponsored content and not a part of Finbold's editorial content. For a full disclaimer, please <a target="_blank" href="https://finbold.com/cardano-ada-and-dogecoin-doge-experience-dip-in-momentum-nuggetrush-nugx-soar-in-ongoing-presale/#disclaimer">click here</a>. If you encounter any issues, kindly report them to <a target="_blank" href="https://finbold.com/cdn-cgi/l/email-protection#25565055554a575165434c4b474a49410b464a48"><span>[email protected]</span></a>. Crypto assets/products can be highly risky. Never invest unless you’re prepared to lose all the money you invest.</p><div>
<p><strong>TLDR</strong></p>
<ul>
<li>Cardano is seeing a slight price decline, but a rebound appears imminent.</li>
<li>Dogecoin, the first memecoin, is experiencing a shift in sentiment.</li>
<li>NuggetRush is primed to skyrocket as a new P2E memecoin.</li>
</ul>
<p>Following the SEC decision on Bitcoin ETFs earlier in January, the crypto market took a downturn. While there has been a rise in momentum of late, Cardano (ADA) and Dogecoin (DOGE) are still in a tussle with the bears.</p>
<p>Meanwhile,<a href="https://nuggetrush.io/?utm_source=PR&amp;utm_medium=website&amp;utm_campaign=fbd&amp;utm_content=80" target="_blank"> NuggetRush (NUGX)</a>, one of the most promising new ICOs, has been soaring in its ongoing presale. Primed for a strong rally after launch, it is hailed as the best new crypto to invest in today.</p>
<p><a href="https://nuggetrush.io/?utm_source=PR&amp;utm_medium=website&amp;utm_campaign=fbd&amp;utm_content=80" target="_blank">&gt;&gt; Buy NuggetRush Now &lt;&lt;</a></p>
<h2 id="h-nuggetrush-nugx-a-bullish-altcoin-play">NuggetRush (NUGX): A Bullish Altcoin Play</h2>
<p><a href="https://nuggetrush.io/?utm_source=PR&amp;utm_medium=website&amp;utm_campaign=fbd&amp;utm_content=80" target="_blank">NuggetRush (NUGX)</a> has been the talk of the crypto community. Its intriguing combination of memes and utility makes it appealing to investors across the crypto landscape. Hence, its presale selling out comes as no surprise, poised to skyrocket after launch.</p>
<p>It isn’t just another memecoin, as it boasts real-world applications, which will drive its price besides hype. It stands at the crossroads between memes, GameFi, and play-to-earn (P2E). This makes it more than just a meme, but one of the few meme coins with potential.</p>
<p>Hailed as the hottest P2E memecoin, some of its use cases include governance and being the in-game currency within the ecosystem. The upcoming P2E game is set to compete with well-established game-based tokens, as it will feature a novel concept—virtual gold mining.</p>
<p>Players will enjoy a thrilling gameplay experience and earn passive income by going on exciting quests. Collected in-game assets can be traded on the marketplace for real-world valuable items like gold or cash.</p>
<p>In round 5 of the presale, a token costs only $0.018. According to experts’ forecasts, it will experience a 5,500% jump in the first six months after its launch. As one of the most bullish altcoins plays, you can become an early holder by following the link below.</p>
<p><a href="https://nuggetrush.io/?utm_source=PR&amp;utm_medium=website&amp;utm_campaign=fbd&amp;utm_content=80" target="_blank">&gt;&gt; Buy NuggetRush Now &lt;&lt; </a></p>
<h2 id="h-cardano-ada-dip-in-momentum">Cardano (ADA): Dip in Momentum</h2>
<p>Cardano (ADA) is undoubtedly one of the top altcoins on the market. It is also one of the most popular cryptocurrencies. Barring newbies—which is slim—you would have likely heard of ADA, highlighting its prominence.</p>
<p>The Bitcoin ETF impact on crypto prices was a market downturn, as investors “sold the news” and GBTC dumped its BTC holdings as early investors took profits. Cardano was one of the tokens to suffer selling pressure, experiencing a dip in traction.</p>
<p>With the tussle between the bulls and bears ongoing, analysts are betting on the former. Hence, with a bounce-back imminent, Cardano is one of the best cryptos to buy now. You can ride this anticipated bullish wave by grabbing a bag of ADA now and HODL.</p>
<h2 id="h-dogecoin-doge-impending-rally">Dogecoin (DOGE): Impending Rally</h2>
<p>Dogecoin (DOGE) is the most well-known cryptocurrency in the meme space. It was the pioneering meme coin—an OG. Based on the popular “doge” internet meme and featuring a Shiba Inu on its logo, it started the dog coins trend in the crypto space.</p>
<p>While its leading status isn’t under challenge, the emergence of new memecoins has seen investors largely overlook Dogecoin. The obvious effect of this shift in sentiment is a decline in the price of DOGE.</p>
<p>Further, the dip in the overall crypto market has also contributed to its decline. Nevertheless, a rebound appears to be on the horizon, considering analysts’ bullish forecast. Hence, at its current valuation, Dogecoin is one of the best meme coins to invest in.</p>
<h2 id="h-conclusion">Conclusion</h2>
<p>Cardano and Dogecoin are going through bearish phases, but a promising altcoin has emerged in NuggetRush. As a top ICO, it has staggering upside potential, making it a good crypto to buy. If you wish to become an early NUGX holder, follow the link below.</p>
<p><a href="https://nuggetrush.io/?utm_source=PR&amp;utm_medium=website&amp;utm_campaign=fbd&amp;utm_content=80" target="_blank">Visit NuggetRush Presale Website</a></p>
</div>

Cardano (ADA) and Dogecoin (DOGE) Experience Dip in Momentum – NuggetRush (NUGX) Soar in Ongoing Presale | Finbold

<div>
<div>
<picture>
<source type="image/webp"></source>
<img src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Shiba-Inu-new-1.jpg" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Shiba-Inu-new-1.jpg 1200w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Shiba-Inu-new-1-300x225.jpg 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Shiba-Inu-new-1-1024x768.jpg 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Shiba-Inu-new-1-768x576.jpg 768w" alt="SHIB looks to a better February after losing 14.50% in January" />
</picture>
</div>
<div>
<br /><ul>
<li><em><span>Whale transactions spiked in recent days despite price declines.</span></em></li>
<li><em>The number of longs for SHIB comprehensively overtook shorts at press time.</em></li>
</ul>
<p><a href="https://ambcrypto.com/predictions/shiba-inu-price-prediction" target="_blank">Shiba Inu [SHIB]</a> fell 2.6% over the last 24 hours of trading, as the second-largest meme coin project’s woes continued in January.</p>
<p>The dog-themed token barely moved in the last week, and it has lost 14.5o% of its value since the beginning of the year, AMBCrypto noted using <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank">CoinMarketCap</a> data.</p>
<p>While these numbers don’t evoke much optimism, the state of the broader market needs to be taken into consideration.</p>
<p>Most coins have been in the <a href="https://coinmarketcap.com/" target="_blank">red</a> this month owing to a downturn induced by outflows from <a href="https://ambcrypto.com/bitcoin-are-rising-grayscale-outflows-behind-btcs-price-drop/" target="_blank">Grayscale Bitcoin Trust</a>.</p>
<p>In fact, SHIB was slightly better off when compared to other meme coins. AMBCrypto noted that SHIB was the only meme coin project that didn’t register <a href="https://coinmarketcap.com/view/memes/" target="_blank">weekly drops</a> at the time of publication.</p>
<h4>Is a recovery on the cards?</h4>
<p>SHIB traders could take heart from a recent bullish prediction made by popular technical analyst <a href="https://x.com/ali_charts/status/1752356783513838036?s=20" target="_blank">Ali Martinez.</a></p>
<p>Martinez spotted a buy signal while analyzing the TD Sequential indicator, which made him optimistic about a SHIB bounce in the days to come. He predicted,</p>
<blockquote><p>“<span>Keep an eye out, as </span><span>SHIB</span><span> could climb to $0.010 or potentially even reach $0.011.”</span></p></blockquote>
<p>AMBCrypto investigated further and found some complementing data using Trading View. The Relative Strength Index (RSI) was slowly ascending towards the neutral 50 level, a sign of easing sell pressure.</p>
<p>Additionally, the Moving Average Convergence Divergence (MACD) line crossed over the signal line, interpreted as a buy signal by most analysts and traders.</p>
<div><a target="_blank" href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIBUSD_2024-01-31_17-08-24.png"><picture>
<source type="image/webp"></source>
<img src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIBUSD_2024-01-31_17-08-24.png" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIBUSD_2024-01-31_17-08-24.png 1281w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIBUSD_2024-01-31_17-08-24-300x139.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIBUSD_2024-01-31_17-08-24-1024x476.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIBUSD_2024-01-31_17-08-24-768x357.png 768w" alt />
</picture>
</a><p>Source: Trading View</p></div>
<h4>Whales sense profits</h4>
<p><span>It looked like SHIB whales also arrived at bullish forecasts for the meme coin. </span></p>
<p><span>Despite the price decline, large transactions worth more than $100K spiked in the last four days, according to AMBCrypto’s analysis of Santiment data.</span></p>
<hr />
<p>Read <a href="https://ambcrypto.com/predictions/shiba-inu-price-prediction" target="_blank">Shiba Inu’s [SHIB] Price Prediction</a> 2024-25</p>
<hr />
<p>As evident, the transactions resulted in an increase in the addresses belonging to whale cohorts. This implied that whales were stockpiling in pursuit of future gains.</p>
<div><a target="_blank" href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIBA-INU-SHIB-17.27.59-31-Jan-2024.png"><picture>
<source type="image/webp"></source>
<img src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIBA-INU-SHIB-17.27.59-31-Jan-2024.png" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIBA-INU-SHIB-17.27.59-31-Jan-2024.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIBA-INU-SHIB-17.27.59-31-Jan-2024-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIBA-INU-SHIB-17.27.59-31-Jan-2024-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIBA-INU-SHIB-17.27.59-31-Jan-2024-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIBA-INU-SHIB-17.27.59-31-Jan-2024-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIBA-INU-SHIB-17.27.59-31-Jan-2024-2048x693.png 2048w" alt />
</picture>
</a><p>Source: Santiment</p></div>
<p>The number of longs for SHIB comprehensively overtook shorts as of this writing, as per Coinglass. This further proved that traders were gunning for a better February.</p>
<div><a target="_blank" href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIB-longs.jpg"><picture>
<source type="image/webp"></source>
<img src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIB-longs.jpg" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIB-longs.jpg 1147w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIB-longs-300x80.jpg 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIB-longs-1024x273.jpg 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/SHIB-longs-768x205.jpg 768w" alt />
</picture>
</a><p>Source: Coinglass</p></div>
</div>
</div>

Coinspeaker

SHIB looks to a better February after losing 14.50% in January

<div>
<p>As we step into 2024, the buzz around Shibarium continues to grow, particularly regarding its innovative burn mechanism. This mechanism is not just a technical feature; it’s a transformative strategy aimed at enhancing the platform’s efficiency and value.</p>
<p>This piece will delve into the details of how the Shibarium burn mechanism is set to work in 2024. We will also understand its implications for users and the broader SHIB ecosystem.</p>
<h2><span>Delving into the Shibarium burn mechanism </span></h2>
<p><span>The Shibarium burn mechanism is a strategic feature designed to reduce the supply of <a href="https://ambcrypto.com/predictions/shiba-inu-price-prediction" target="_blank">SHIB</a> tokens. This process is integral to Shibarium, which operates as a Layer 2 solution atop the Ethereum blockchain. It essentially aims to improve transaction speeds and reduce costs for Shiba Inu token users.</span></p>
<p>Gain a foundational understanding of the platform by exploring our detailed guide on <a href="https://ambcrypto.com/blog/what-is-shibarium-blockchain-and-how-does-it-work-guide/" target="_blank">what Shibarium blockchain is and how it works.</a></p>
<div><picture>
<source type="image/webp" srcset="https://ambcrypto.com/blog/wp-content/uploads/2023/12/shibchain.png.webp 1344w, https://ambcrypto.com/blog/wp-content/uploads/2023/12/shibchain-300x200.png.webp 300w, https://ambcrypto.com/blog/wp-content/uploads/2023/12/shibchain-1024x683.png.webp 1024w, https://ambcrypto.com/blog/wp-content/uploads/2023/12/shibchain-768x512.png.webp 768w" sizes="(max-width: 1344px) 100vw, 1344px"></source>
<img src="https://ambcrypto.com/blog/wp-content/uploads/2023/12/shibchain.png" alt="Shibarium burn mechanism" srcset="https://ambcrypto.com/blog/wp-content/uploads/2023/12/shibchain.png 1344w, https://ambcrypto.com/blog/wp-content/uploads/2023/12/shibchain-300x200.png 300w, https://ambcrypto.com/blog/wp-content/uploads/2023/12/shibchain-1024x683.png 1024w, https://ambcrypto.com/blog/wp-content/uploads/2023/12/shibchain-768x512.png 768w" />
</picture>
<p>Crypto deflationary mechanisms</p></div>
<h3><span>Stages of the SHIB token burn mechanism</span></h3>
<p>The burn process will be carried out in two stages as follows:</p>
<h4><span>Manual burn triggers</span></h4>
<p><span>In the initial stage, the burn process will be directly controlled by the network’s official deployer wallet. This approach allows for meticulous monitoring and necessary adjustments to align with the network’s overall health and longevity. </span></p>
<p><span>It involves coordinated changes across the network, requiring collaboration with validators and node operators.</span></p>
<h4><span>Future automated burns</span></h4>
<p><span>Commencing in January 2024, the mechanism transition will be into an autonomous system. This stage will introduce several enhancements to boost both efficiency and dependability. The automated burn process will function according to set protocols, rendering it more streamlined and transparent.</span></p>
<h3><span>How will the automated Shibarium burn mechanism work?</span></h3>
<p><span>At its core, the mechanism utilizes BONE tokens by collecting them as gas fees from transactions on the Shibarium network. Once transaction fees accumulate to around $25,000, the system initiates the burn process.</span></p>
<p><span>The system then transfers these collected BONE tokens to <a href="https://ambcrypto.com/will-zksync-era-continue-its-sway-in-2024/" target="_blank">Ethereum’s</a> Layer 1, automatically swapping them for SHIB tokens. It then sends the swapped SHIB tokens to a dead wallet. Consequently, this permanently removes them from circulation.</span></p>
<p><span>Moreover, this burning method is a continuous process, not just a one-off event. Anyone can facilitate the burn by clicking “Initiate burn” and confirming a series of transactions. </span></p>
<p><span>The burning mechanism will be fully operational from January 2024, with 70% of the base fees from transactions allocated to this purpose and the remaining 30% reserved for network maintenance.</span></p>
<p><span>A key factor in the success of the burn mechanism is the rate at which the network is adopted. As Shibarium sees more transactions and a notable increase in gas fees—potentially up to 1000%—the rate of token burning also escalates substantially. </span></p>
<p><span>Therefore, as network usage and adoption rise, so does the amount of tokens being burned. This will foster a self-reinforcing cycle of expansion and value increase.</span></p>
<p>While considering Shibarium’s burn mechanism, also explore <a href="https://ambcrypto.com/blog/exploring-shibchain-a-comprehensive-guide-to-the-layer-2-shibarium-rival/" target="_blank">ShibChain</a>.</p>
<div><p><img src="https://blog.shib.io/content/images/2023/07/WhiteShibarium.jpg" alt="Shibarium burn mechanism" /></p><p>Shibarium Layer 2 protocol – Image via Shiba Inu</p></div>
<h3><span>How many SHIB have been burned?</span></h3>
<p><span>Let’s take a look at the current supply mechanics of SHIB:</span></p>
<ul>
<li><span>The total burnt from the initial supply is 410.70 trillion.</span></li>
<li><span>The total circulating supply is 589.30 trillion.</span></li>
<li><span>The amount staked (xSHIB) is 8.25 trillion.</span></li>
</ul>
<h2><span>SHIB burn portal functionality: A closer look</span></h2>
<p><span>Here are some interesting details about the much-anticipated SHIB burn portal:</span></p>
<ul>
<li><b>Accessible interface:</b><span> The burn portal is expected to have an intuitive interface available on the Shibarium website. Here, users can easily navigate to initiate the burning process. </span></li>
<li><b>Burn history:</b><span> The portal may provide users with a history of burns, including amounts and dates, for transparency and tracking purposes.</span></li>
<li><b>Real-time updates: </b><span>It might also offer real-time updates on the amount of BONE accumulated towards the next burn. This can enhance user engagement and understanding of the burn pace.</span></li>
<li><b>Open to all: </b><span>One of the critical aspects of the burn portal is its openness to all users. Anyone can initiate burns, making it a community-driven feature.</span></li>
<li><b>Incentives and rewards:</b><span> While primarily a mechanism for reducing token supply, the burn portal may also incorporate incentives or recognition for users who frequently participate in the burning process.</span></li>
</ul>
<div><p><img src="https://blog.shib.io/content/images/size/w1200/2022/03/mv_shib_banner.png" alt="Shibarium burn mechanism" /></p><p>The details of SHIB token burning – Image via Shiba Inu</p></div>
<h2><span>The benefits of burning </span><span> Shiba Inu token (SHIB)</span></h2>
<p><span>The economic implications of the SHIB burn mechanism can be quite significant. Take a look:</span></p>
<ul>
<li><strong>Induced scarcity</strong>: By permanently removing tokens from circulation, the burn mechanism reduces the total supply of SHIB. This can lead to increased scarcity and potentially higher value per token if demand remains constant or increases.</li>
<li><strong>Investor confidence</strong>: The implementation of a burn mechanism can signal a commitment to maintaining the token’s value and managing inflation, potentially increasing investor confidence and attracting long-term holders.</li>
<li><strong>Speculative interest</strong>: The anticipation and execution of burns can generate speculative interest. This can lead to increased trading volume and liquidity as traders attempt to capitalize on price movements related to burn events.</li>
<li><strong>Market perception</strong>: A well-executed burn mechanism can improve the overall market perception of SHIB, distinguishing it from other tokens and cryptocurrencies by demonstrating a proactive approach to supply management.</li>
<li><strong>Long-term sustainability</strong>: By potentially stabilizing and increasing the value of SHIB tokens, the burn mechanism can contribute to the long-term sustainability and viability of the token as a digital asset.</li>
<li><strong>Ecosystem growth</strong>: As the value and stability of SHIB increase, it may encourage more developers and users to engage with the token and its associated projects, leading to ecosystem growth and further utilization.</li>
</ul>
<h2><span>Potential negative implications of reduced SHIB supply</span></h2>
<p>Here are a few risks and limitations to consider:</p>
<ul>
<li><strong>Overvaluation risk</strong>: Excessive burning could artificially inflate the token’s price without corresponding increases in utility or demand, leading to an overvaluation that might not be sustainable in the long term.</li>
<li><b>Impact on decentralization:</b> <span>If a significant portion of burns originates from specific entities (e.g., exchanges, whales), it might lead to concerns about centralization. Ensuring a fair and distributed burn mechanism is essential to maintain a healthy and decentralized ecosystem.</span></li>
<li><strong>Reduced liquidity</strong>: Burning and removing more tokens from circulation might decrease the overall liquidity of SHIB tokens, making it harder for large holders to exit their positions without significantly impacting the market price.</li>
<li><strong>Misaligned incentives</strong>: A poorly designed burn mechanism could lead to misaligned incentives, encouraging users or developers to focus more on speculative gains from burning rather than building and using the token’s ecosystem.
</li>
<li><strong>Community division</strong>: Different segments of the community might have varying opinions on the burn rate or strategy. If not managed well, this could lead to division or dissatisfaction within the community.</li>
<li><strong>Decreased utility</strong>: Burning too many tokens might limit the token’s utility, especially if used for transactions, rewards, or governance within its ecosystem.</li>
<li><strong>Opportunity cost</strong>: Dedicating resources and attention to implementing and managing the burn mechanism might divert from other development areas that could add more functional value to the ecosystem.</li>
<li><strong>Regulatory scrutiny</strong>: Implementing and communicating the burn mechanism in certain ways might attract regulatory scrutiny, especially if perceived as an attempt to manipulate the market or non-compliance with securities laws.</li>
</ul>
<p>Understand the broader context of your investment by reading about the <a href="https://ambcrypto.com/blog/shiba-inu-shib-exploring-the-pros-and-cons-in-2024/" target="_blank">pros and cons of Shiba Inu (SHIB) in 2024.</a></p>
<div><picture>
<source type="image/webp" srcset="https://ambcrypto.com/blog/wp-content/uploads/2023/09/cartoon-7031973_1280.png.webp 1280w, https://ambcrypto.com/blog/wp-content/uploads/2023/09/cartoon-7031973_1280-300x180.png.webp 300w, https://ambcrypto.com/blog/wp-content/uploads/2023/09/cartoon-7031973_1280-1024x614.png.webp 1024w, https://ambcrypto.com/blog/wp-content/uploads/2023/09/cartoon-7031973_1280-768x461.png.webp 768w, https://ambcrypto.com/blog/wp-content/uploads/2023/09/cartoon-7031973_1280-1000x600.png.webp 1000w, https://ambcrypto.com/blog/wp-content/uploads/2023/09/cartoon-7031973_1280-590x354.png.webp 590w, https://ambcrypto.com/blog/wp-content/uploads/2023/09/cartoon-7031973_1280-400x240.png.webp 400w" sizes="(max-width: 1280px) 100vw, 1280px"></source>
<img src="https://ambcrypto.com/blog/wp-content/uploads/2023/09/cartoon-7031973_1280.png" alt="shiba inu" srcset="https://ambcrypto.com/blog/wp-content/uploads/2023/09/cartoon-7031973_1280.png 1280w, https://ambcrypto.com/blog/wp-content/uploads/2023/09/cartoon-7031973_1280-300x180.png 300w, https://ambcrypto.com/blog/wp-content/uploads/2023/09/cartoon-7031973_1280-1024x614.png 1024w, https://ambcrypto.com/blog/wp-content/uploads/2023/09/cartoon-7031973_1280-768x461.png 768w, https://ambcrypto.com/blog/wp-content/uploads/2023/09/cartoon-7031973_1280-1000x600.png 1000w, https://ambcrypto.com/blog/wp-content/uploads/2023/09/cartoon-7031973_1280-590x354.png 590w, https://ambcrypto.com/blog/wp-content/uploads/2023/09/cartoon-7031973_1280-400x240.png 400w" />
</picture>
<p>All you need to know about Shibarium burn mechanism – Image via Pixabay</p></div>
<h2><span>Summing up</span></h2>
<p>In conclusion, the Shibarium burn mechanism represents a significant step ahead in the evolution of blockchain technology and tokenomics. As we have explored, its implications extend beyond mere transaction efficiency. It has the potential to revolutionize the SHIB ecosystem’s value and sustainability.</p>
<p>As stakeholders continue to monitor, contribute, and adapt, the burn mechanism stands as a testament to the community’s innovation and commitment to creating a robust and vibrant digital economy.</p>
</div>

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