shiba inucoin news today finance ceo said she will reach 30 cents soon she price prediction updated in the worlds of crypto and shiba inu something big is about to happen chong pang zhao the ceo of binance just released a major update that will rock our world in the coming months shaitoshi also informed us of a major update that will result in widespread adoption of shiba inu and you know what that means for prices another massive price rally is on the way which will make every shiba fan extremely happy today we're going to talk all about what binance ceo just said about shebe and how it will impact sheep price so watch this video till the end because today's video is going to be the bomb welcome to shiba inucoin your daily dose of shiva if you are interested in everything around shiba this is the place for you subscribe if you want to stay updated with all the sheet news predictions and stay one step ahead in the crypto world make sure to hit the like button for us to provide you with more sheep news don't forget to enable all notifications to join our weekly cash giveaway pinned in the comments before we get to our topic let's take a look at the chart and see what the price of sheba is doing on the 10th of november shall we sheep coin price is currently observing a strong downside momentum in the daily chart and can soon hit the next support in the future shiba inu coin price is trailing near the value of 5 53 hundred millionths of a dollar and has seen a loss of more than 3 percent in the past 24 hours it has an roi of more than 815 678 percent which has made new people rich the asset price is currently observing a downside momentum and can soon hit the next support the resistance zone of sheep can be seen near 700 thousandths of a dollar one can invest in cheap according to their needs and risk capacity sheep token price can soon observe a crossover over the doge in the future the coin price is currently seeing a downside trend in the daily chart it can soon surpass doge in market cap the volume to market cap ratio of the koan price suggests a downside momentum in the future one can forecast huge growth in sheba in the future the weekly technical chart of shiba inu price is currently seeing a strong downside trend in the weekly time frame on coming to the daily chart the asset price is observing a bearish momentum the upside momentum of sheep can see hostility nearby 75 millionths of a dollar the support of the coin can be seen near 500 000 of a dollar the price of the coin is currently trading above the 50 and 100 daily moving average if the price drops down below 15 to 20 percent above the current level then a bearish trend can be seen the 50 dma line is near 28 millionths of a dollar acting as a temporary support region of the price she btc pair can also see a new high in the future now let's get back to the topic as we all know crypto giant binance has acquired the most reference crypto pricing website coin market cap while global markets are experiencing tough times amid the coronavirus pandemic the crypto industry is getting stronger as its core players have tapped one of the biggest crypto mergers in history finance the world's biggest cryptocurrency exchange has reached an agreement to acquire coin market cap one of the most referenced crypto data websites in an undisclosed deal the company's officially announced the acquisition on april 2nd chong pang zhao founder and ceo of binance said that binance and cmc are very similar as they are both providers of access to crypto and share a vision of making crypto assets more accessible and useful for people around the world now we all know that binance owns coin market cap and coin market cap is manipulating the shiba inu states yes you heard that right in a new podcast coin market cap explained why they changed the supply of shiba inu coins by 150 trillion this explanation came after sheepholders accused coinmarketcap of inaccuracy and manipulation in the latest episode of the coin market recap podcast the coin tracker explained why the circulation supply of shiba inu coins changed to 594 trillion from 394 trillion this move left quite a number of shiba inu holders very confused in the podcast the host conor seften shared that the platform had received feedback from users that the sheep supply was static according to seftin this feedback prompted an internal audit to refresh the data on the back end the host also mentioned that during the internal audit coin market cap ensured that the circulating sheep coin supply is in line with that of several other sources the shiba inu coins on coin market cap dynamically make their updates the crypto tracker however did not explicitly mention the several sources one of the sources in reference may be another crypto price tracker coin gecko which has a similar supply although coin market cap stated that the supply currently dynamically updates the number of shiba inu tokens hasn't moved from 549 trillion 95 billion five hundred nine million seven hundred thirty eight thousand three hundred fifty three since october twenty eight this number of sheep tokens does not reflect the large-scale token burns that have happened when asked about why the tracker has not made any public statements regarding the change in the number of sheep tokens coinmarketcap said that the change was communicated directly on the website this is as with any other coin it's still unclear which website coinmarketcap was referencing in the statement above the tracker was also asked whether it should have a clear disclosure of how it calculates the supply of tokens coinmarketcap answered that it adheres to the usual standards of practice it also claimed that their to supply update methodology has been in the public domain for a while coin market cap's methodology is available on the website where it lists various factors used to verify the circulating supply of cryptocurrencies coin gecko however breaks down its methodology specific to sheep the tracker said in the podcast interview however shiba inu spokesperson added that they were unaware of their actual supply and had not been asked is there a possibility of erroneous readings regarding the earlier error where the system was constant sefton asked coinmarketcap whether the listed supply might have been wrong or required fixing it said the circulating supply of 550 trillion is correct based on its methodology and matches the calculations made by other data sources as well shiba inu blames coin market cap for publicizing erroneous circulations about their earnings coin market cap has countered the claims by stating that their readings were accurate the extensive merging observed came from an error where the system remained constant which they resolve to read data and update their findings accounting for the burn wallets and the india crypto covered relief fund wallets although whether this is really out of circulation is up for debate it does seem like the 549 trillion sheep supply is accurate however confusion still remains among the sheep army another interesting news regarding sheep just came that shiba inu coin burned 700 million sheep last week so with burning sheep vital to knocking the zeros off sheep's price what can be done ultimately the community burn efforts need to be a supplement to a more rigid top-down burning approach transaction fees are the most obvious immediate solution but would likely be met with immediate resistance ethereum's disproportionate gas fees already add a hefty cost to sheba transactions the upcoming launch of the shiburium layer 2 which intends to reduce these gas fees is perhaps the best place to implement a significant consistent burning mechanism these are all smaller steps in the right direction but for a larger burn drastic measures are needed that's all for today also we would like to mention that this is not a channel intended specifically to provide financial advice and we do not ask you to invest in any company this is merely a channel directed towards bringing educational content to your doorsteps with that in mind before you invest in anything we recommend you do thorough wide spectrum research on the topic we hope you like this video let us know in the comments below if you're a sheba holder and make sure to subscribe and give us a thumbs up see you next time at shiva unicorn bye [Music] [Music] [Music] you

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