|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Shiba Inu (SHIB)’s Massive Burn Has No Effect On Price, Investors Are Shifting to Chainlink (LINK) and DTX Exchange (DTX)
Sep 23, 2024 at 06:00 am
The recent Shiba Inu (SHIB) burn has not impressed the market. The SHIB price has deflected from the upper resistance and dipped below the $0.000014 level
Shiba Inu (SHIB) recently carried out a major coin burn. SHIB holders burned over 11 million coins by transferring them to wallets that can’t be accessed. This boosted the burn rate by several hundred percent, fueling hopes for a future price rally. Following the news, the Shiba Inu community shared their excitement, continuing their efforts to reduce the number of Shiba Inu (SHIB) coins in circulation significantly.
However, despite a major burn event, there hasn’t been any major effect on the Shiba Inu (SHIB) price. After the burn, SHIB’s price tried to break above the $0.000014 level. But unfortunately, SHIB failed to cross this level and deflected back down, dipping below the $0.000014 level. This price movement has left many SHIB investors disappointed and disheartened.
As Shiba Inu (SHIB) failed to meet the expectation of a new rally, investors are shifting to better cryptos ready to break out. Many companies are integrating Chainlink (LINK) for the cross-chain ecosystem, indicating the ongoing development of blockchain. Along with Chainlink (LINK), DTX Exchange (DTX) has also made some notable developments with the launch of the VulcanX feature, which integrates a hybrid model. This development in DTX has pushed its presale beyond $2.6 million in just two weeks.
Here’s a closer look at these developments:
Shiba Inu (SHIB) Community Burns Over 11 Million SHIB Tokens
The Shiba Inu (SHIB) community recently burned over 11 million SHIB tokens, boosting the burn rate by several hundred percent. This major burn event was carried out to reduce the circulating supply of SHIB tokens and drive up their price.
After the burn, SHIB investors were left hoping for a major price rally. But unfortunately, the burn didn’t have any significant effect on SHIB’s price. After the burn, SHIB’s price tried to break above the $0.000014 level once again. However, SHIB deflected back down from this upper resistance, dipping below the $0.000014 level once again.
This price movement left many SHIB investors disappointed and disheartened. But as SHIB failed to meet the expectations of a new rally, investors are shifting to other cryptocurrencies that are ready to break out.
ZKsync Integrates Chainlink (LINK) for Improved Cross-Chain Solutions
Recently, ZKsync announced its integration with the Chainlink (LINK) Cross-Chain Interoperability Protocol (CCIP). In a joint statement, the two companies mentioned how the merging of their foundations will help Layer 2 of Ethereum.
The Chainlink (LINK) CCIP framework equips developers with the ability to create interoperable decentralised applications that converge decentralised finance and traditional financial systems. ZKSync, by integrating Chainlink (LINK), turns financial institutions from blockchain non-users to blockchain adopters.
Thus, the institutions can easily manage their assets, and the transaction process is completed securely and transparently.DTX Exchange (DTX)Continues to Gain Momentum with VulcanX Integration
The DTX Exchange has gained strong investor interest, with continuous development in the ecosystem. Currently, DTX tokens are priced at $0.06 in this round, with expectations to increase to $0.08 by round 4. DTX Exchange will launch its all-in-one wallets in October, positioning itself as a top-tier exchange globally.
DTX Exchange offers advanced features and trading options, appealing to investors seeking stability amid uncertain market conditions. The platform allows users access to over 120,000 asset classes, including gold, bonds, and cryptocurrencies, without requiring KYC at signup—holders of the DTX token benefit from access to advanced analytics and reduced trading fees.
DTX Exchange is already taking market share from traditional exchanges, with over 46,000+ users joining. This number is exponentially growing as the presale ends, and the token will be listed on all exchanges next month.
Learn more:
Buy Presale
Visit DTX Website
Join The DTX Community
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Extremely fine Congressional Gold Medal presented to Lieutenant Robert Henley sold for a hammer price of £180,000 at auction
- Sep 23, 2024 at 08:20 am
- This was against an estimate of £40,000-50,000 at Noonans Mayfair on Thursday, September 19, in a sale of British, World Coins and Historical Medals.
-
- Hamster Kombat Announces Final List of Season 1 Ahead of Much Anticipated Airdrop Event on September 26 and Subsequent Listing of $HMSTR Tokens
- Sep 23, 2024 at 08:20 am
- Makers of popular Telegram based crypto game ‘Hamster Kombat’ announced the final list of their Season 1 ahead of the much anticipated airdrop event
-
- Moniepoint MFB Prioritizes Digital Payment Security, Introduces Multi Factor Authentication
- Sep 23, 2024 at 08:20 am
- Nigeria's definitive bank for small and medium-sized businesses, as well as their customers and employees, Moniepoint Microfinance Bank has made securing
-
- Waves Airdrop Essentials - Comprehensive Guide
- Sep 23, 2024 at 08:20 am
- Don't miss out on free Waves airdrops! Discover expert strategies to expand your cryptocurrency portfolio and seize valuable token opportunities effortlessly.
-
- Ethereum (ETH) HODLing Strategy Earns Investor 90% Profit, Defies Harsh Market Conditions
- Sep 23, 2024 at 08:20 am
- A two-year-long HODLing strategy has earned an investor around a 90% increase on his Ethereum (ETH) investment.
-
- The Human Rights Foundation Awards Grants to Five Latin American Bitcoin Projects
- Sep 23, 2024 at 08:20 am
- Five Latin American Bitcoin projects have been awarded grants to promote development within the region, highlighting the increasing commitment to spreading Bitcoin awareness and education.
-
- 3 High-Potential Altcoins Poised for Huge Gains in October — Kaspa (KAS), Tron (TRX), and CYBRO
- Sep 23, 2024 at 08:11 am
- October promises exciting opportunities in the cryptocurrency world. With market dynamics shifting, certain altcoins stand out as potential high-gainers. In the spotlight are Kaspa (KAS), Tron (TRX), and CYBRO — each poised to make significant moves. Discover which coins are ready to soar and why these specific tokens are catching attention this month.
-
- Ethereum (ETH) Price Analysis & Market Update
- Sep 23, 2024 at 08:10 am
- eum investor has recently been lauded for trading behavior in bearish markets. This whale used proper techniques to amass its ETH holdings when prices were low and then sell them during the market rise.
-
- Bitcoin Options Are Coming, and It's Going to be 'Unbelievably Fantastic'
- Sep 23, 2024 at 08:10 am
- The SEC has approved the listing and trading of options for BlackRock's spot bitcoin exchange-traded fund on the Nasdaq.