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Cryptocurrency News Articles
Shiba Inu Launches K9 Finance Liquid Staking Platform on Shibarium Network
Sep 18, 2024 at 02:23 pm
This new platform will allow users to engage in liquid staking for Bone ShibaSwap (CRYPTO: BONE), a key token in the Shiba Inu ecosystem.
Prominent cryptocurrency trader Michaël van de Poppe recently predicted a significant bull run in the cryptocurrency market, coinciding with the Federal Reserve's upcoming interest rate decision.
What Happened: According to van de Poppe's analysis, a strong breakout above $25,000 for Bitcoin could lead to a rapid ascent towards the $30,000 to $32,000 range. This prediction aligns with the crucial support levels highlighted by Benzinga's crypto coverage earlier this week.
If Bitcoin manages to rally towards the $30,000 zone, it could pave the way for further gains, potentially reaching levels between $37,000 and $43,000, as indicated by the Fibonacci extensions.
Crucial support levels for Bitcoin after breaking above $25,000. Fib extensions show potential targets at $37K and $43K.
In another interesting development, former President Donald Trump has launched a new decentralized finance (DeFi) platform called World Liberty Financial (WLFI). This new platform is designed to capitalize on the growing interest in decentralized finance and blockchain technology.
Trump's entry into the DeFi space could bring increased attention to the cryptocurrency and blockchain industry. This move also aligns with the recent efforts by several crypto companies to engage Trump Jr. in promoting their ventures.
See More: Best Cryptocurrency Scanners
Don't Miss: Donald Trump Jr. Doesn’t Mince Words: ‘Democrat Donor With A Kamala Harris Bumper Sticker On His Car Tried To Assassinate My Dad’
Now, as per recent reports, the highly anticipated liquid staking platform, K9 Finance, is set to launch on the Shibarium network. This launch will allow users to participate in liquid staking for Bone ShibaSwap (CRYPTO: BONE), a key token in the Shiba Inu ecosystem.
The introduction of Shibarium's liquid staking platform is expected to benefit SHIB by increasing the total value locked on Shibarium and the transaction volume on the network, which could ultimately accelerate SHIB token burns.
As a reminder, Benzinga recently covered the burning of 120 million SHIB by a mysterious wallet, highlighting the community's efforts to reduce the circulating supply of SHIB tokens.
Now, with the launch of the liquid staking platform, we can expect further contributions to these burning initiatives.
Disclaimer:info@kdj.com
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