Do These SHIB Tokens Burn Mean Recovery For Shiba Inu?
A shib burn tracker has disclosed that over 22.2 billion SHIB tokens worth $667 million were burnt across 497 transactions. In April, Shiba Inu’s developers teamed up with Ryoshi Vision to launch Shiburn, a burning mechanism. This mechanism rewards community members who use the ShibaSwap exchange platform to burn the protocol’s native SHIB tokens. A […]
Tron Surges Amid Market Volatility, Will It Fail Like Terra?
Despite the growing uncertainties in the global cryptocurrency market, the Tron ecosystem is on the rise. The USDD stablecoin and Tron’s native token had survived the recent crash. According to the data, USDD entered the top 100 cryptos just a few weeks after its launch. The USDD 24 hour trading volume has increased by 18% […]
Why Is Terra Recovery Plan Hindered By Technical Difficulties?
Terra’s revival plan to restore some value to the blockchain appears to be hindered by some technological difficulties. Since last week, approximately two proposals related to the recovery plan have failed to execute due to smart contract difficulties. The proposals aimed to burn excess UST while also restoring inter-blockchain communication between Terra and other chains, […]
Terra (LUNA) Price Increases By 40%
The Terra price soar comes after people start to send LUNA tokens the provided burn address. The Terra (LUNA) price has increased by more than 40% in the last 24 hours as LUNA holders burned millions of tokens. However, Terraform Labs founder Do Kwon claims that sending LUNA to the burn address is a bad […]
Solana (SOL) Price Could Crash To $30
Solana has been under pressure to go down since hitting a weekly high near $60 and a return to the lows of 2022 booms Solana (SOL) Price Is Likely To Return Crash Even though SOL is down 15% from its high for the week, it is still up nearly 34% from the new lows for […]