hey guys welcome back to shiba inu krypto
ship just made new millionaires you next chibi inu holder explained shiba inu may have been
experiencing a massive dip in the last few weeks of course it's not only ship but the whole crypto
market has been under the influence of new rules and regulation that will be implemented at the
beginning of 2023 this is when the number of traders have gradually begin to withdraw and
the market is now on the verge of crashing in this video we will talk about ship just made new
millionaires don't forget to smash the thumbs up share and subscribe to the channel to see our
latest content on chiba enterprise predictions and expert analysis without further ado let's
begin the video cryptocurrency prices are stalling on their recovery path and so is shiba
eno the crypto prices have been slaughtered due to various changes in the economic and financial
markets and since the crypto market isn't cannily following the global stock market any financial
and economic up evil in the global markets is drastically affecting the price movements of
the cryptocurrency to make matters worse investors are gradually drawing out from the market and
moving towards more traditional and centralized forms of assets shihainu became a popular option
for investment among ethereum whales when the crypto market crashed massively at the beginning
of 2022 but even after ship's popularity in 2021 the crypto did not acquire the support of analysts
and experts who generally prefer investing in other major cryptocurrencies not created out of
means the development of ship remained stagnant for quite some time until the market denied the
fact that there would be any developments for the network but finally ship developers have come
through to fulfill investor expectations and now we might witness some growth and development in
its market stature the shiba inu price continued to trend lower as trading activity on the network
and in the crypto market had significantly declined the decline in shiba inu's price
momentum has considerably wiped out investors trust in the investment and experts claimed that
things are not looking good for the meme coin recently shibs lead developer shito shikozama
tweeted that the long-awaited chibarium may be soon coming the shep community has been eagerly
awaiting the launch of shibarium because of the number of benefits that it'll provide especially
for the number of profits that investors can make the information about the launch came from a
post by satoshi on the wellies discord server the developer confirmed that the layer 2 solution
will be available quite soon enough and has also clarified any disclosure about moving into a more
active pre-release space which has already begun the exact details of the project have not yet
been released still according to all the previous claims by the developers it can be said that
the network will provide ample facilities to the investors and make investments more efficient
and transparent is a work in progress blockchain that focuses on scaling its current host
chain ethereum the new network promises faster transactions with lower costs and aims to become
a development field for blockchain programmers besides the protocol will also ensure that
investors can access the shiba inu nft gaming and metaverse applications the ship investors are also
eagerly waiting for the shibarium burn mechanism there are presently over 549 trillion ship tokens
in circulation the only way to reduce this is to burn existing tokens even though the burning
procedure is on process the launch of the new protocol will likely accelerate the growth and
development of ships price whales have played a huge part in shiba inu's success bluewhale0073
often buys many ship tokens making him one of the most prominent chip investors ethereum
whale bluewhale0073 continues to buy massive amounts of shiba inu even now when the market is
seeing the top 10 and other coins prices bleeding and their market caps melt wilstad's crypto
tracking service focused on the largest 100 wallets on various blockchains including ethereum
bnb polygon etc has tweeted that bluewhale0073 has made a large shiba inu acquisition a total of
356 billion 78 million 908 730 shiba has been added to this crypto address evaluated
at slightly more than 3 million dollars the transaction took place over 14 hours ago
earlier this month wales made at least two more purchases of the second largest meme token ship on
june 6 blue whale 0159 acquired 187 billion shiba inu and on june 1st the whale added 130 billion
419 million 267 297 shipped to this address the former purchase was made for nearly 2
billion and the latter was evaluated at 1 531 122 at the time of trading as the cryptocurrency
market remains in the deep red with bitcoin dropping to twenty two thousand five hundred
dollars and ethereum declining to one thousand two hundred and twenty two dollars along with the
majority of other coins shiba inu has been growing despite all that on monday the crypto market was
bleeding red to the point its valuation erased the one trillion dollar mark cryptocurrencies
are often compared as a better safe haven than gold which has been a traditional resort
during steep sell-offs and stocks but now there is a curious case of the crypto market tracking
the bearish sentiment in global stocks according to coin market cap real-time performance data
the global crypto market cap nose dived by 15.28 to 944.92 billion dollars over the last day
however in volume terms the market jumped 73.92 to 147.17 billion dollars over the past 24 hours
the total volume in d5 is currently 10.17 billion dollars six point ninety one percent of
the total crypto market 24 hour volume all stable coins are now 133.44 billion dollars or
90.67 of the total crypto market's 24 hour volume crypto market leader bitcoin dived to its
lowest level in 18 months and raised the 23 000 mark bitcoin was currently around 22 926.09
dollars down by over 18 its market cap stood at around 436.70 billion dollars the cryptocurrency's
dominance dipped by 1.07 percent to 46.30 percent over the day with the latest downside bitcoin's
weekly drop is more than 27 there are many reasons the cryptocurrency market is experiencing a debt
u.s lawmakers have enacted new tax reporting provisions for crypto and other digital assets
the new rules may be the reason that are keeping the traders away from the crypto market while the
whole market is under the influence of these rules ship is also experiencing the same depth but ship
has the potential to grow mainly because of its upcoming burning projects shibuyinu has added 30
000 new holders within the past month shiba inu's burn rate has climbed consistently hitting
a 171 percent level within the past 24 hours chibinu investors burned about 509 million
tokens collectively over the past weekend crypto may be burnt for various reasons but the most
common reason is to make the said crypto supply scarce and appreciate its price in the market
according to data from shipburn.com ship crypto token burn rate for the past 24 hours stands
at a negative 17.33 at 113 million ship tokens when the shiba inu crypto token was launched
in august 2020 it had a total supply of one quadrillion 410.3 trillion ship tokens were
removed from circulation a user who goes by the twitter handle at ship underscore superstore
which represents travis johnson's ship burn game exercise said that amazon affiliate store has
accepted them they intend to use about 1 to 20 percent of proceeds from the affiliate store
to finance the share burning exercise you can buy literally anything by using the link provided
depending on the item between one percent and 20 percent of the purchase price will be burnt read
the tweet from the ship superstar it should also be reminded that in may kuzama announced in his
medium blog the launch of the shebarium hackathon which will accompany the release of the project
itself still particularly diligent participants will be rewarded for a special contribution to
the project's development that's a wrap for today don't forget to smash the thumbs up share and
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