Bitcoin Price Ready For Takeoff As Shiba Inu And LUNC Burns Worry Community

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As a seasoned financial analyst with over a decade of experience in the stock market and the past five years delving into the cryptocurrency realm, I have witnessed firsthand the rollercoaster ride that digital assets can bring. The recent buzz around Bitcoin’s (BTC) potential price surge has been a familiar tune, but the unpredictability of the crypto market is once again being tested with the Shiba Inu (SHIB) and LUNC token burns.

The cryptocurrency world is buzzing with eagerness as Bitcoin (BTC) prepares for a potential price spike. Amidst this fervor, the upcoming Shiba Inu (SHIB) and LUNC token burns have stirred unease amongst investors, serving as a reminder of digital currencies’ volatile nature.

Amidst the volatile market conditions, ETFSwap (ETFS) stands out as a steady choice for investors, providing a dependable option to help them traverse the uncertainties of the financial landscape.

Bitcoin’s (BTC) Potential Path To New All-Time Highs

As a crypto researcher, I’ve been closely monitoring Bitcoin’s (BTC) price movements this year. Anonymous trader Rekt Capital has pointed out that BTC has recently broken above a declining trendline on the daily chart, indicating a potential shift in its price trend. This observation aligns with my own analysis suggesting that BTC could be on an upward trajectory following its pre-halving adjustment.

Bitcoin Price Ready For Takeoff As Shiba Inu And LUNC Burns Worry Community

An expert opines that once Bitcoin (BTC) touches the $65,000 support level, a fresh trading band with a potential span of $71,500 may emerge. Moreover, the expert points out that Bitcoin’s climb to $60,000 could mirror past trends and lead to new record highs.

Rekt Capital foresaw short-term declines in Bitcoin’s (BTC) price when the reaccumulation zone was reestablished, yet they remain optimistic that Bitcoin could exceed its present value of $65,044 and reach new heights.

Shiba Inu (SHIB) And LUNC: A Tale Of Two Crypto Burns

Terra Luna Classic (LUNC) and Shiba Inu are dominating the crypto-burning space. Its price is affected by Shiba Inu’s Layer-2 blockchain, Shibarium, burning transaction fees. Shibarium developers burnt 9.35 billion tokens on January 10, 2024, enhancing community optimism before the auto-burning process. 

As an analyst, I would put it this way: In the year 2023, Shiba Inu incinerated a massive amount of 76.4 billion coins, reducing the existing coin pool from a colossal 999.98 trillion to a more manageable 589.27 trillion. Notably, Vitalik Buterin, the brilliant mind behind Ethereum, acquired half of the initial coin supply as part of his possession. Additionally, he generously donated a significant 10% towards India’s Coronavirus relief efforts.

The computer systems engineer at X lamented over the faster burning rate of Shiba Inu (SHIB) tokens compared to Terra Luna Classic (LUNC), pointing out that the latter still manages to be unsatisfied despite having fewer tokens in circulation.

The community of LUNC holders destroyed approximately 1.05 out of every 6.78 billion tokens, reducing the circulating supply to around 5.73 billion tokens. Despite Binance‘s regular token burns from trading fees, the value of LUNC has experienced a modest increase of 3.8% over the last year.

Based on the predictions of Shiba Inu investors, approximately ten billion Shibarium tokens are anticipated to be burned daily through its late 2024 Layer 2 auto-burn mechanism. Although this system is currently active on Shibarium’s ‘Puppynet’ testnet, it remains undisclosed how many tokens will be burned with each on-chain transaction.

ETFSwap (ETFS) Shines As A Safe Haven In Uncertain Times

ETFSwap (ETFS) functions as a tranquil investment option during the volatile markets of SHIB and LUNC. This decentralized trading and investment platform enables users to deal in Bitcoin and Exchange-Traded Funds (ETFs), featuring institutional tokenized Specialty and Currency ETFs for cryptocurrencies, thereby reducing risk.

As a researcher studying the trading processes at ETFSwap (ETFS), I can attest that the transactions are carried out in a secure, anonymous, and transparent manner through the application of blockchain technology. Moreover, I’d like to share that CyberScope, a renowned cryptocurrency auditing organization, has conducted an extensive audit on ETFSwap’s (ETFS) smart contracts. Their findings underscored the robust cyberdefenses and solid infrastructure in place at ETFSwap, offering additional peace of mind for users.

SOLIDProof, the esteemed auditing company, granted ETFSwap (ETFS) a compliance certification following successful Know Your Customer (KYC) verification. As a result, the ETFSwap platform now empowers clients with enhanced privacy, flexibility, and control over their investment portfolios and assets.

As a researcher delving into the dynamic world of cryptocurrencies, I can’t help but be intrigued by ETFSwap’s (ETFS) advanced ETF screener and tracker. This innovative tool, equipped with real-time data, robust predictive models, and sentiment analysis, transforms my navigation through the crypto market. Furthermore, ETFSwap extends its offerings beyond cryptocurrencies by providing access to tokenized assets derived from esteemed financial markets, all of which adhere to MiCa regulations.

A new ETF is predicted to debut from ETFSwap (ETF) around the year 2025, enhancing their reputation as a reliable investment option amidst market volatility.

Conclusion 

With Bitcoin (BTC) gearing up for a possible price surge and the token burns of Shiba Inu and LUNC causing unease among investors, ETFSwap (ETFS) could be an attractive alternative offering both safety and potential for substantial returns. ETFSwap is a platform that facilitates staking, trading, and investing in institutional tokenized Exchange-Traded Funds (ETFs), as well as the native ETFS token. Previous buyers of ETFS tokens during presale can reap stake rewards and passive income. Additionally, token holders are granted voting rights, enabling them to contribute to the decision-making process within the ETFSwap ecosystem.

At present, you can purchase ETFS tokens for a reduced price of $0.01831, with the offering set to conclude soon. In the upcoming round, the price is forecasted to climb up to $0.03846. It would be advantageous for investors to buy ETFS tokens during this current round in order to potentially earn substantial returns on their initial investment.

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2024-07-24 18:29