What Binance Just Did With Shiba Inu And Why SHIB Will Hit $0.01(REVEALED! BURN IT ALL!!)

too many stock investors look at cryptocurrencies like a foolish gamble digital currencies have neither intrinsic value nor net earnings to traditional investors that makes them but cryptocurrency has become a global phenomenon in recent years although much is still to be learned about this evolving technology many concerns and problems are surging around the technology in its capacity to obstruct traditional finance systems with this comes many opportunities to make money in the crypto space regarding meme coins shiba inu is one of the most popular coins and most likely to grow the most in fact with the recent release of shiba swap some may say that the meme coin stigma attached to shiba inu coin is no longer valid as the community in coin continues to grow the real question is what did binance just do with shiba inu and how sheeb can hit one cent this question will be answered today and we will also analyze the outcome of vitalik buterin and the burning of his shiba inu coins so stick around for that because today's video will be full of major updates also we're giving away 200 at the end of the month to our one random subscriber to start them on their crypto journey to enter all you need to do is like the video subscribe and comment your favorite crypto coin in the comment section down below so without further ado let's dive into the topic people love meme coins which is why we have a bunch more of them today let's confront it we all love memes but we also think that certain memes are taken a little too far and that is precisely the case with shiba inu tokens we could blame elon musk for something like this to happen because it was his tweets that pushed dogecoin and now we have shiba inu tokens today for those of you who don't know shiba inu tokens exist on the ethereum blockchain and the project is completely an experiment in the decentralized finance world we all know that the shiba inu coin is named after the iconic dog breed of the doge meme and has dubbed itself as the dogecoin killer over the past month shiba inu has soared before dipping again in its bid to rival tesla ceo elon musk's preferred dogecoin but can shiba inu make investors millionaires do let us know in the comments section below we did not know much about shiba inu tokens until the ethereum founder vitalik buterin was given 50 of the total supply of the shiba inu tokens and he donated a percentage of his shiba inu holdings towards coveted relief fund in india and a majority of his holdings was burned by him as well this will reduce the circulating supply of the tokens which will create a digital scarcity and it will increase the prices at least in theory right now there is no real world utility for shiba inu tokens and the value of the coin is completely driven by the hype surrounding it once the hype settles down you might lose all your investments with shiba inu coins and that is a fact leaving investment platform etoro has been adding cryptocurrency assets on popular demand from users the dogecoin killer recently amassed 600 000 holders despite range-bound price action with the etoro listing demand for shiba inu is set to increase further the crypto is represented on the etoro platform as sheba in millions equivalent to a lot of one million shiba inu units a lot refers to a unit of a financial instrument traded on an exchange platform and its size could vary depending on the exchange but sheba army is not stopping here many petitions are going on change.org to list shiba inu to other crypto exchanges finance one of the most popular cryptocurrency trading apps has allegedly brought the dip by purchasing 75 trillion coins of shiba inu in the largest ever pump the meme currency has witnessed in 2021 if we calculate the total value of this shiba tokens purchase as per the current price binance picked up these 75 trillion shiba inu coins to its wallet by paying a tremendous 500 million dollars it is reported that binance's wallet was at 5 trillion token holds and suddenly jumped to the balance of 80 trillion tokens in just a day after the purchase this big purchase has added energy to the shiba inu community giving hope to investors that the coin is headed towards better financial days and would reward handsomely in the long run what do you think about this recent purchase are whales like binance taking advantage of the ongoing dip do let us know in the comments section below this large purchase by binance was spotted by a whale watcher and posted on shiba inu's reddit group r sheeb army the user also shared the wallet number of the holder that belongs to binance but the question is why binance did this what could be the reason behind this are wales planning something big hit the like button if you think a big price surge is coming however binance has not given an official statement if they have certainly purchased these 75 trillion shiba inu tokens or transferred them to their wallet in the form of exchanges sheba swap which was recently launched by shiba inu making it easy for sheep investors to buy tokens directly than to depend on third-party apps such as uniswap and pancake swap among others that charge a minimal fee and deductions sometimes 10 percent or more burning a hole in investors pockets even after this big purchase why the price is not rising many users responded to sheba e new tweet as binance has not confirmed it yet not only this price is also stable if this purchase report was correct the price would have shown some surge we believe that this is something binance using transferred another user on reddit also claimed that the wallet address belonging to binance might not be the binance's purchase but binance might have transferred thousands of investors shiba tokens to their wallet in the form of exchanges the user said binance didn't purchase all those tokens if you open up a binance account and then you decide to transfer your sheep tokens to binance from your private wallet those tokens show up in binance's wallet binance didn't buy them from you and you are still the owner of those tokens despite this shiba inu price has 24 hours red with one percent drop also another downside to the sheep coin is that it doesn't innovate at all it's not even running on its network it's an ethereum based token as a result the sheep coin must mean its way to the top or wherever it ends up according to governor capital the future price of shiba inu is predicted at one dollar and sixty cents after a year after five years it might reach the five dollars mark but we believe this prediction is very unlikely without any huge coin burn but it is possible to cut a few zeros out of the price of sheep if you want to continue to learn about crypto defy shiba inu and many more coins we have got two more videos waiting on the screen for you to check out don't forget to give this video a thumbs up like and subscribe to enter our monthly giveaway thank you so much for watching and i'll see you in the next one and a final note this video was meant to be infotainment content and should only be viewed as such this video is not financial advice and any investments that you make in cryptocurrencies must be at your own risk because the market is highly volatile anything can happen with the cryptocurrency market cryptocurrencies don't have any intrinsic value and the current prices of any cryptocurrency are based on what people are willing to pay for them so any cryptocurrency investment is more like gambling than the traditional stock market investment that we all are familiar with [Music] foreign [Music] you

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