Meme Coins DOGE and SHIB Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Charts
Bitcoin (BTC), the pioneer and titan of the crypto realm, has been at the forefront of a remarkable rally, recently brushing heights near its historic peak of $64,000. This resurgence is underscored by a surge in spot bitcoin ETFs and a staggering 48% gain since the year’s commencement.
However, the crypto community is abuzz with the prospect of an “altcoin season,” a period characterized by the meteoric rise of alternative cryptocurrencies that typically follows Bitcoin’s lead. These tokens, often overshadowed by their colossal counterpart, are beginning to flex their muscles and hint at an impressive run of their own.
At the heart of this altcoin resurgence are the media-savvy, canine-themed tokens that have captured the imagination and wallets of investors worldwide. Dogecoin (DOGE) and Shiba Inu (SHIB) have not only barked but also bitten into the market with significant gains.
Hence, we asked ChatGPT to analyze the chart and predict the upcoming massive gains in them.
Currently, the SHIB price is trading at $0.00002256 with a bullish breakout rally of the 23.60% Fibonacci level in the weekly chart. The bull run accounts for a price jump of 132% in the last five days. ——————————————————————-#TrendingTopic #Portal #WIF #sol #BTC
2024 Crypto Millionaires Will Come From This Shiba Inu-Like Crypto, Gearing Up For Exchange Launch
The world of cryptocurrency is a dynamic and ever-evolving landscape, filled with opportunities for those who dare to explore its depths. Among the plethora of emerging projects, one has captured the attention of investors and enthusiasts alike – Retik Finance (RETIK). As this Shiba Inu-like crypto prepares for its exchange launch, the stage is set for a new wave of wealth creation. In this article, we delve into the journey of Retik Finance, exploring its rise, the allure it holds for 2024 crypto millionaires, and the excitement surrounding its imminent exchange launch.
The Phenomenon of Retik Finance (RETIK)
Retik Finance (RETIK) has emerged as a beacon of promise within the crypto community, drawing parallels to the legendary rise of Shiba Inu. Its unique tokenomics, innovative approach, and burgeoning community support have propelled it to the forefront of the industry. As investors eagerly anticipate its exchange launch, the excitement surrounding Retik Finance continues to grow, fueled by its potential for exponential growth and wealth creation.
This article navigates the complex moral and ethical landscape illuminated by the interconnected narratives of Tim Draper, a resilient venture capitalist with a profound belief in the potential of Bitcoin, and Ross Ulbricht, the enigmatic creator behind the Silk Road.
The intertwining stories of Tim Draper, a venture capitalist with an unyielding belief in Bitcoin, and Ross Ulbricht, the infamous creator of the Silk Road, present a compelling exploration of ethics, empathy, and the unpredictable nature of the cryptocurrency market. This narrative delves deep into the moral quandaries posed by their unique circumstances, offering a nuanced examination of the implications of their actions and the broader societal and ethical considerations they invoke.
TIM DRAPER: A TESTAMENT TO RESILIENCE AND VISION
Tim Draper's foray into the world of Bitcoin was marked by significant adversity before his noteworthy purchase of the bitcoins associated with Ross Ulbricht. Draper was among the many who experienced loss due to the infamous collapse of the Mt. Gox exchange, a calamity that vaporized an enormous fortune belonging to thousands of investors. Draper personally lost around 40,000 Bitcoins, equivalent to roughly $250,000 at the time.
This setback, however, did not deter his enthusiasm for Bitcoin. Instead, it set the stage for his future actions and reinforced his reputation as a staunch believer in Bitcoin's transformative power. His decision to subsequently purchase 30,000 bitcoins at a U.S. Marshals Service auction in 2014 for $19 million —bitcoins that were once part of the Silk Road's assets (confiscated from Ross) —was not just a financial investment but a bold statement of his unwavering confidence in Bitcoin's future. With Bitcoin's value skyrocketing, Draper's haul is now valued at an eye-watering $1.286 billion—a staggering 6669% increase. It's the kind of financial windfall that could make Scrooge McDuck do a double-take.#BTC #TrendingTopic #DOGE #pepe #JASMY
A look at some of the more significant exchanges in Martti Malmi's recently disclosed email correspondence with Satoshi Nakamoto.
Satoshi Nakamoto's earliest collaborator Martii 'Sirius' Malmi has released his entire email correspondence with Bitcoin's creator.
Spurred by an ongoing lawsuit in the U.K., the new emails are the most significant addition to the canon of what we know about Bitcoin's still anonymous creator.
Here are the most important new findings.
EMAIL #1: SATOSHI'S BITCOIN SCALING ASSUMPTIONS
When asked how Bitcoin might scale in the future, Satoshi theorized the network might have a maximum of 100,000 nodes.
Here he goes into the calculations assessing the economics of bandwidth costs to nodes (read: miners) in propagating transactions across the network, the economic costs that would incur, and how that could be cost effectively passed on to users.
He also discusses the implementation of users paying fees, and hints at the potential for the fee necessary for confirmation of your transaction being market driven due to the processing capacity of the network.
All in all, it's interesting napkin math, though nothing out of the ordinary for those who have read Satoshi's full Bitcoin forum posts
There Satoshi talked frequently about his vision for how the network might grow larger, and it's notable much of his ideas were not proven to be viable based on subsequent development work.
The Pepe (PEPE) price pumped up 30% on Monday, with investors flooding back into the meme coin amid a surge in risk-taking activity across cryptocurrency markets as Bitcoin (BTC) retook $54,000 for the first time since early December 2021.
PEPE's spectacular price rise may have been influenced in part by the thriving #crypto market at the moment. Increasing demand could be another factor contributing to the PEPE price hike. The fact that whales have been purchasing the coin might be enough to start a broader rise.
PEPE Coin uses a deflationary mechanism in which a small percentage of tokens gets burnt with each transaction. This mechanism helps to create scarcity and also increase the value of the left tokens over a period of time.
The Dogwifhat is presently trading with a price tag of $0.2868, with a market cap of $286,481,050 and a circulating supply of 998,920,173 WIF. This memecoin is predicted to display similar price action as that of Bonk, making it a potential 100x token.
PepeCoin ($PEPE ) – One of the most explosive meme crypto coins of 2024, Shiba Inu ($SHIB ) – Tried and true meme coin, now with utility within the Shibarium network
AI crypto altcoins with 100-1000x potential by 2025 include Artificial liquid intelligence, GPT, AI Doge, and Magical AI, due to their focus on AI and unique features.
Based on the information above, Dogecoin is the most likely meme coin to reach $1 first. DOGE has the largest market capitalization, the most active community, and the most positive price momentum. Before you decide to invest in meme coins, it's important to remember that they are very risky. Listed are below 👇 1) shiba inu ✅ 2) Pepe ✅ 3) bonk✅ 4) floki ✅ 5) 1000sats✅ 6) baby doge✅ 7) lunc ✅ #Write2Earn #TrendingTopic #BTC #ETH #WLD
PEPE Crazy Burn (PCB) works by burning a portion of the total supply with every transaction. This burning mechanism is transparent and can be verified by anyone on the blockchain. The amount of tokens burned per transaction is determined by a percentage of the total taxable trading volume.
PEPE Coin uses a deflationary mechanism in which a small percentage of tokens gets burnt with each transaction
The post began with an announcement that 6.9 trillion $PEPE tokens worth approximately $5,500,000 had been burned and permanently removed from the project's supply. The token burn reduced the overall supply of $PEPE tokens
Keypoints. The pepe memecoin (PEPE) burned 6.9 trillion tokens worth $5.5 million, causing the price to rise 31%. Burning tokens permanently removes them from circulation and was done to quell concerns over the team's multisig wallet#Write2Earn #TrendingTopic #strk #ETH #BTC
In 2022, a Shiba Inu community member, who goes by the pseudonym 'Queenie,' projected that the Shibarium burn portal could incinerate a whopping 111 trillion SHIB tokens annually.
In January 2024, the Shiba Inu cryptocurrency ecosystem witnessed the burning of approximately 9.9 billion SHIB tokens, a move aimed at reducing the token's circulating supply and potentially increasing its value. This burn removed about $88,348 worth of SHIB from circulation.
Total Number Of Shiba Inu Tokens Burned In 2023
According to data from the burn tracking website Shibburn, over 76 billion SHIB tokens were burned in 2023. This figure represents an 8.33% decline in the yearly burn rate. In 2022, over 83 billion SHIB tokens were burned.
According to some rumors, the network may burn trillions of tokens yearly. Shiba Inu (SHIB) influencer and team member “Lucie” had previously said the project could burn 111 trillion tokens yearly. Going by that estimate, we may see almost 10 trillion SHIB tokens being removed from circulation every month.#Write2Earn #BTC #ETH #TrendingTopic #strk
And even though the cryptocurrency's circulating coin count is being reduced through token burning, this is happening at a very slow rate. Hitting a price of $1 per token is essentially impossible, but that doesn't mean Shiba Inu can't climb higher in 2024 and beyond#Write2Earn #ETH #BTC #TrendingTopic #WLD
If last year's rally in the broader crypto market continues in 2024, it's reasonable to expect that Shiba Inu could record some solid gains. There's at least one good reason to think that could happen. Many investors and analysts now expect that the Federal Reserve will begin cutting interest rates in 2024.#Write2Earn #strk #TrendingTopic #ETH #MATIC
A data driven analysis of the coming Bitcoin halving and the effect it could have on the market.
With 2024 already underway, the anticipation in crypto circles is hitting a fever pitch as everyone braces for Bitcoin's halving – an event that could reshape its market landscape. It deserves to be looked into as historically this event sparked transformative waves across the crypto scene. Knowing what we've learned from previous halvings, we're set to steer ahead with a keen eye, making sure our moves are shaped by those insights. But is this upcoming halving any different? Let’s figure it out.
FROM DIGITAL GOLD TO RARE PLATINUM: BITCOIN'S STORY OF INCREASING SCARCITY AND VALUE
Bitcoin design is all about making BTC less and less available over time, keeping inflation in check. There’s a set cap of 21 million Bitcoins to ever exist, and we’ve already hit the 19.62 million mark. The scarcity of Bitcoin, with its strictly limited release into the market, is a major reason why people call it “digital gold” – as both these assets have that "hard to come by" quality.
Thinking of the Bitcoin blockchain as a ticking clock, we can see that halving occurs every 210,000 blocks, or about every four years, with the reward for mining new blocks getting chopped in half. It’s been this way since Bitcoin’s kick-off in 2009, starting at 50 BTC per block and heading down to 3.125 BTC in 2024.
The Stock-to-Flow ratio, which compares existing supply to new coins coming in, shows Bitcoin is about to get rarer than a platinum album. By 2032, after the 2024 and 2030 halvings, Bitcoin’s scarcity will soar, so it will be even more of a gem than gold.
BUY A MEME COIN THAT HAS A AUTO BURN MECHANISM….listed are below👇👇👇👇
Unlike other meme coins, Floki Inu is a hyper-deflationary meme coin that has auto-burns to reduce its supply. While Floki originated as a meme coin, the company has been aiming to expand its ecosystem and use cases outside of crypto.
The second-largest memecoin by market capitalization – Shiba Inu – witnessed a burn rate spike of approximately 400% in the past 24 hours. ... Shiba Inu's burning mechanism has been going at a solid pace during the first weeks of 2024, with more than 9 billion assets destroyed since January 1.
BABYDOGE is hyper-deflationary, with an aggressive auto-burn mechanism to create scarcity by reducing its supply. Out of every on-chain transaction, a percentage is sent to a dead wallet for burning, with 46% burned thus far (as of October 2022).
PEPE Crazy Burn (PCB) works by burning a portion of the total supply with every transaction. This burning mechanism is transparent and can be verified by anyone on the blockchain. The amount of tokens burned per transaction is determined by a percentage of the total taxable trading volume.
Bonk has a maximum supply of 1 billion tokens, and already, over 65% of the total supply has been burned, as per the data from CoinCentral. This burning mechanism involves a percentage of every transaction being permanently removed from circulation, reducing the total supply of Bonk over time.
LUNC Burn Wallet On the LUNA Classic chain, there is an official wallet address that will automatically burn any coins sent to it. This address was made public by Do Kwon on May 21, 2022, but on-chain transactions show it has been used to burn LUNA since September 2021.
Matt Corallo recently proposed a BIP for Bitcoin, DNS Payment Instructions, with the goal of utilizing the DNS system to fetch information to make Bitcoin payments.
This is the user experience that people are familiar with, and when it comes to entrenched user behavior and expectations with things it is incredibly difficult to push them into a substantial or sharp change in their behavior. If you present them with a tool that requires that, it presents a large degree of friction and more than likely is simply going to disincentivize most people from using that tool.
On-chain payments run into a problem with this expectation, not because of an inability to have a static identifier (a single address), but because of the privacy implications of posting a single on-chain address and having everyone you interact with use that to pay you. It puts your entire payment history and coin ownership in the public view of everyone. If you are only rarely receiving money now and again, i.e. when being paid for work or settling bar tabs with people, it's not a burden at all to simply open your wallet and generate a fresh address to receive to. If you are frequently receiving money however, specifically in instances where you do not directly solicit the payment, that presents a serious burden.
This is why tools like BTCPay Server were created, in order to lower the barrier to entry for people to spin up the needed infrastructure to automate receiving funds without doing something naive like posting a single address for everyone paying you to reuse. However, this necessitates running a server that is constantly available online. While the project has drastically lowered the bar of understanding required, it is still a high burden for a user who simply wants to be able to passively receive money.
Why multisig is the best approach for long-term cold storage for most people, and how to make the most of it for your generational wealth.
When it comes to storing your bitcoin, multisignature—or multisig for short—is widely recognized as one of the most secure methods. It can eliminate risks associated with exchanges and custodians, and simultaneously addresses the most common issues with self-custody. In this article, we’re going to walk through why you should hold your own bitcoin keys, what standard singlesignature self-custody looks like, and how multisig is an improvement for long-term cold storage.
WHY SHOULD I SELF-CUSTODY?
Interest in bitcoin usually begins with recognizing it as an alternative monetary tool that remedies some of the clear dangers of conventional money, such as inflation, censorship, and confiscation. As motivation grows for transferring wealth into bitcoin, people are immediately faced with the decision of how to safely store it.
The first piece of advice you might hear is to avoid custodial solutions. The reason for this is simple: custodians of fiat currencies like the U.S. dollar (banks, brokerages, etc) can offer certain guarantees that custodians of bitcoin cannot. For example, government programs like the FDIC and SIPC provide insurance for when a custodian loses client deposits, and this obligation can always be met. Bitcoin has a strict supply limit—21 million coins—and new units can never be arbitrarily issued to replace coins that are lost by an irresponsible or malicious custodian.
Avoiding a custodian implies taking self-custody. In the world of bitcoin, custody is determined by who controls the private keys, because the private keys are the tools required to spend bitcoin. If you have purchased bitcoin on an exchange and haven’t withdrawn it to your own custody controlled by your own keys, then the bitcoin remains controlled by the exchange’s keys, and all you have is an IOU, rather than actual bitcoin. As the popular saying goes, “not your keys, not your bitcoin #Write2Earn #strk #Portal #MATIC
Am I 13 years late or 13 years early on bitcoin? Deadass wrong or totally right? Who knows. It's a risk, but one I now understand better and can't ignore anymore.
Readers of my blog know that I started dabbling in buying Bitcoin in late 2022.
In fact, it was the best performing asset out of any of the names I wrote that I was watching for 2023. Similarly, and not to give away the suspense, I added Bitcoin exposure once again to my list of 24 stocks I’m watching for 2024.
So, it may not have been that much of a surprise when my subscribers saw me on X yesterday proclaim that my days of disparaging Bitcoin were over. However, given that I have about 210,000 more Twitter followers than I do Substack subscribers, it is safe to say there were still plenty of people who were caught off guard by my mea culpa, and, somewhat alarmingly, even more people who were voraciously willing to immediately sing my praises and welcome me to the community
As far as the welcome goes, all I can say is, I genuinely appreciate it. I’d be lying if I said that a large group of people proclaiming me to be making an intelligent decision didn’t make me somewhat nervous. However, as I said in my post on X yesterday, I know I am also surrounded by people who are much smarter than I am.
As I also said in my post yesterday, I have been watching people that I know are much smarter than I am, specifically those in the sound money community, sing the praises of having exposure to bitcoin for years now. For me, that was the hardest thing to ignore. I felt like if I was looking to people like Lawrence Lepard, Luke Gromen and Lyn Alden for their incredible insights on the broken monetary system, why couldn’t I at least try to take them semi-seriously when it came to their take on Bitcoin? I knew deep down there was work they had done and an understanding they had achieved with Bitcoin that I wasn’t close to, despite understanding some of the basics.#Write2Earn