Specifically, Shiba Inu’s burn rate has increased exponentially, climbing 580% over the past 24 hours. This increase comes at a time when the entire cryptocurrency market is recovering from a recent downturn. In the details released by the SHIB team, an additional 16,607,692 SHIB were burned, representing a 590.19% daily...
Shiba Inu (SHIB) has the crypto world all abuzz once again – and this time it’s not just empty hype. Investors and analysts compared the imminent with excitement over this recent SHIB burn rate skyrocketing. In just a couple of decades, it has exploded by a staggering 580%! Does this...
As a result, Shiba Inu’s burn rate surged 580% in a night. Cool, right? The price increased, and everybody is congratulating themselves on it. But hold on a second. Before we all get ahead of ourselves counting our Lambos, let’s start by asking some hard questions. Is this burn rate...
By Tuesday, the cryptocurrency market was back to a peaceful trading day. At the same time, economic data revealed sharp declines in consumer confidence and job openings. Cryptocurrency Bitcoin, which is on a rocket ride of its own, trading at just under $95,400—up 1% in the past 24 hours.The CoinDesk...
Bitcoin flirting with $96,000? Awesome for them, I guess. As the S&P 500 and Nasdaq continue to creep higher, help by… what, exactly? A trade deal with a mystery country? All the while consumers’ confidence is tanking and job openings are vanishing quicker than my hope for affordable housing. Something...
Bitcoin’s astonishing rise, with some analysts estimating it’ll go as high as $96,000, has set the crypto world ablaze. Token ATH! returns to help you understand what’s driving this hype machine. At the same time traditional markets are putting out counter signals, economic storm clouds are quickly building. Then, he’ll...
We're seeing Bitcoin flirting with $96,000, and while some are popping champagne, I'm seeing flashing red lights. That speedy climb is more than cause for celebration. More than that, it might be indicative of a more insidious trend — an increasing panic and distrust for the markets we know, and...
So, Nike and Starbucks are fleeing from NFTs? Good riddance. C’mon, let’s not kid ourselves, their “Web3” experiments were less real than reality TV. They weren’t constructing a community, they were creating a customer base to siphon off.Corporate NFT Exit: Good Riddance!Recall that first wave of enthusiasm when NFTs first...
Gen Z, listen up. You're not crazy. You're not alone. Are you experiencing that grim realization in your heart? It’s what you feel when you find out another corporate behemoth is trying to get into your wallets with the latest cool tech. Nike’s alleged "rug pull" with RTFKT is just...
The NFT space has witnessed a curious trend: while some mainstream brands are exiting, crypto-native companies remain deeply invested. This divergence presents some critical questions concerning the future direction of NFTs and the path forward for these two diverging camps. Why are heavy-hitter industry-leaders like Nike and Starbucks retreating? What...
The class action lawsuit against Nike over its RTFKT NFT offerings is about much more than a legal dispute. It should act as a wake-up call for the entire digital asset market. While the headlines scream "rug pull," the underlying issues point to critical flaws in how we approach NFTs...