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    Shiba Inu price outlook for 2024

    The Shiba Inu cryptocurrency ecosystem has seen a remarkable surge in the rate at which SHIB tokens are being burned with a 1,344% increase in April. This surge in token burning has come at a critical time for the SHIB community, coinciding with signs that the token’s price may be on the cusp of large moves.The big plan is to cut down the massive supply of 999,982,362,289,250 SHIB tokens to make them rarer and possibly more valuable as time goes on. Another element that boosted SHIB’s value is the rollout of Shibarium, the layer-2 blockchain solution. Launched last summer, Shibarium’s mission is to back the creation of decentralized applications (dApps), covering everything from DeFi projects and non-fungible tokens (NFTs) to gaming apps, all within the Shiba Inu ecosystem.According to a Shibburn tweet on X, a total of 135,451,536 SHIB tokens were eliminated in 12 separate transactions over the last 24 hours, valued at nearly $3,868.50. The dramatic rise in the burn rate has fueled discussions among investors and token fans about the impacts on its future value.Despite a recent period of stagnation in SHIB’s price, the broader cryptocurrency market has shown renewed bullish momentum before the risk-off sentiment was the dominant market theme on Friday. SHIB itself enjoyed a brief rally starting April 6, marking three days of gains before encountering a round of profit-taking. At the latest update, SHIB fell as much as 12.5% on Friday.The near-term outlook for Shiba Inu suggests resistance levels between $0.000031 and $0.000036, a price band where nearly 20.96 trillion SHIB was bought by 137,600 holders at an average price of $0.000033. On the downside, should SHIB’s price fall, it can find support between $0.000018 and $0.00020. This is where the 100-DMA comes into play. A more prominent support zone is located between $0.000015 and $0.000016.On the upside, the previous support for Shiba Inu coin in the region of $0.000024 will now be acting as resistance should bulls regain the near-term momentum.In the mid-term and for the rest of 2024, the recent top near $0.00045 is a major resistance while strong support level is located close to $0.000012. More

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    EOS Falls 13% In Bearish Trade

    The move downwards pushed EOS’s market cap down to $1.1563B, or 0.05% of the total cryptocurrency market cap. At its highest, EOS’s market cap was $17.5290B.EOS had traded in a range of $0.9578 to $1.1496 in the previous twenty-four hours.Over the past seven days, EOS has seen a rise in value, as it gained 3.97%. The volume of EOS traded in the twenty-four hours to time of writing was $263.7550M or 0.29% of the total volume of all cryptocurrencies. It has traded in a range of $0.9578 to $1.1496 in the past 7 days.At its current price, EOS is still down 95.83% from its all-time high of $22.98 set on April 29, 2018.Bitcoin was last at $67,350.4 on the Investing.com Index, down 4.06% on the day.Ethereum was trading at $3,230.75 on the Investing.com Index, a loss of 7.83%.Bitcoin’s market cap was last at $1,338.2254B or 53.53% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $399.5989B or 15.99% of the total cryptocurrency market value. More

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    $351 Million of Bitcoin (BTC) Mysteriously Shifted, Triggering Speculation

    This large transaction has sparked curiosity as the Bitcoin price steadied above $70,000 after seesaw movements during the week.Crypto data tracker Whale Alert reports that “5,000 BTC worth $351,342,888 was transferred from an unknown wallet to an unknown wallet.”The transaction involved a Bitcoin whale — a term used to describe holders of large amounts of cryptocurrency — who moved the substantial sum to another whale’s wallet.As the crypto community watches closely, the true motive behind the transfer remains a mystery. Whether this is a prelude to a larger market development, simply a routine transfer, or an OTC transaction that occurs outside of a crypto exchange is yet to be determined.The recent move adds to the ongoing speculation that Bitcoin whales are accumulating more BTC rather than selling. Ki Young Ju, CryptoQuant CEO, draws attention to Bitcoin accumulation by whales, remarking in an X post that BTC whales do not appear to be selling.Traders anticipate considerable price stability for Bitcoin in the next few weeks of April, especially in light of the upcoming BTC halving event. Between April 18 and April 21, BTC mining rewards will be reduced to 3.125 Bitcoins from 6.25 BTC.Halving, a technical event that occurs on the Bitcoin network approximately every four years, reduces the cryptocurrency’s supply by half, resulting in scarcity. Historically, it marks the start of a new cycle and bull run, but this one appears slightly different.What distinguishes this halving is that Bitcoin has already eclipsed the high of the previous cycle, which has never happened before to this halving event, making forecasting the length of this cycle considerably more difficult.This article was originally published on U.Today More

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    ‘Divine’ Bitcoin Message Issued by Michael Saylor Leaves Community Pondering

    This message provoked a mixed reaction from the cryptocurrency community.The Bitcoin community eagerly responded to that message. Prominent crypto YouTuber Lark Davis stated: “There’s nothing like Bitcoin.” The official account of the Kraken exchange pointed out that this time Saylor has come dangerously close to talking about a new Bitcoin religion in his tweet as it stated: “Wake up babe, new religion just dropped.”Another X/Twitter user commented that Saylor’s “Bitcoin posts keep getting more and more extreme.”Earlier today, the prominent Bitcoiner also published a BTC post with a motto from Disney’s Mandalorian film series, stating that “Bitcoin is The Way.”The Bitcoin community, and altcoin holders too, always look forward to this event that takes place every four years, having been programmed so by the mysterious creator of Bitcoin, Satoshi Nakamoto.The halving will indicate a massive drop in the annual Bitcoin supply injected onto the market. Based on this, what many Bitcoiners refer to as “supply shock,” prominent crypto analyst and entrepreneur Willy Woo expects the BTC price to skyrocket after the halving.Kiyosaki values not only Bitcoin but also gold, silver and real estate. However, per the tweet, he prefers to invest in these things directly – to buy real Bitcoin, physical silver and gold, mines and residential blocks. He would rather stay away from Wall Street tools such as exchange-traded funds, he wrote.This article was originally published on U.Today More

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    ‘HODLers win the quarter’: Mizuho raises Coinbase stock target

    In the note titled “HODLers Win the Quarter,” analysts at Mizuho said strong spot volumes following the BTC ETF launch – especially in alt-coins – could drive nearly 40% upside to Coinbase’s first quarter consensus revenue “as high-margin retail investors are drawn into a rising crypto price environment.”However, even with a favorable near-term setup, Mizuho feels COIN’s long-term fundamental concerns remain.”These include potential downward pressure on retail fee rates (similar to equities) and a heavy reliance on lower-quality & cyclical revenue streams like alt-coins, staking, and interest income,” explained the firm. Mizuho values COIN at 18 times its 2025E EBITDA, which it sees as a generous premium to payments, exchange, and asset manager peers but a meaningful discount over its current 26 times multiple. More

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    Akanda Corp to Enter Blockchain and AI Technology Sector

    With an increasingly complex and global supply chain for the international cannabis industry, the Company believes companies and consumers will turn to blockchain and smart contracts to verify the authenticity of genetics, plants, and products alike. There are numerous advantageous applications of this technology such as harnessing blockchain capabilities to certify all clones, or baby plants, with a batch certificate. Cannabis nurseries specialize in plant genetics, producing clones and baby plants and seeds for the purpose of wholesale distribution.Interim CEO and Director Katie Field commented, “Everyone from consumers, to growers, to manufacturers, to retailers care very much about the stages of production from seed to sale. We believe this technology can be used to verify the authenticity clones and genetic lineage.”The Company believes other applications of blockchain include “track and trace” software for inventory and lab testing results. By utilizing this technology Certificate of Analyses (COAs) will be available at the end customer’s fingertips to trace results back to the original laboratory. Blockchain technology provides traceability.Akanda believes Blockchain solutions will complement the artificial intelligence capability being developed at Canmart. Presently Canmart plans to partner with a platform developed by its directors to make medical cannabis more accessible to UK patients both with social shopping trends and tailored products. Access Kaneh utilizes an AI algorithm that analyzes DNA vis a vis products in the UK market. EndoDNA is a breakthrough test that matches patients with solutions for an individualized wellness journey.The Company believes there are additional applications of artificial intelligence to augment the cannabis industry. Manufacturers are developing automated processes that allow extraction cycles to be completed with minimal human input or quality control of flower and collect efficiency data from the process as well. Akanda is evaluating less capital intensive applications too such as enhancing consumer education and responsible consumption of the product and a feedback loop to personalize research and development and ultimately strains that are grown locally.Ms. Field commented, “Akanda is competing in brave new world of global cannabis and we intend to stay at the forefront of it by evaluating the technological solutions that can be leveraged in the business and scaled for our customers and end users. We are excited at the prospect to adopt cutting-edge technology that is a game-changer for companies and consumers alike.”This press release does not constitute an offer to sell or the solicitation of an offer to buy the Company’s securities, nor shall there be any sale of such securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. More

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    Dubai Gears Up for The 29th World Blockchain Summit, Co-Hosted by SUN Minimeal

    WBS, an event by Trescon, is uniting the top web3 minds that are affirming the region’s pivotal role in blockchain and crypto. Trescon invites all to the WBS event and to purchase passes here#WBSDubai, a distinguished blockchain event with a global legacy, is set for April 22nd-23rd. This summit, awaited by enthusiasts and professionals, is co-hosted with SUN Minimeal. Beyond its leadership in nutritional innovation, SUN Minimeal ventures into blockchain with the SUN Rewards program and SUN Minimeal Coins ($UN), marking a significant stride in integrating blockchain technology with health and lifestyle products to promote sustainability, wellness, and affordability.The partnership with SUN Minimeal underlines a shared dedication to innovation, sustainability, and health within the expanding blockchain community. By joining forces with the World Blockchain Summit, SUN Minimeal affirms its commitment to advancing and adopting innovative blockchain solutions swiftly.Explore this opportunity to engage with technological innovation at #WBSDubai, a place where important ideas and impactful solutions come together. Connect with prominent academics, innovative entrepreneurs, and notable figures in the blockchain industry. The summit offers insights into the latest developments and trends, providing a valuable space for expert guidance and meaningful networking.Key topics of discussions include:- Crypto Market Volatility: Bear Market vs. Bull Market Trends- Decrypting the Regulatory Landscape of Virtual Assets- DeFi Today: From Hype to Reality- Maximising ESG Impact with Blockchain- Empowering Communities: Web3’s Role in Fostering Inclusive Participation- Tokenisation of Real-World Assets: The Future of Finance- NFTs Beyond Collectibles: The Renaissance of Digital AssetsTrescon reminds that there are A limited number of discounted tickets, so make sure to register for the World Blockchain Summit Dubai promptly ensuring your attendance at this intellectually stimulating event.About World Blockchain Summit (WBS)World Blockchain Summit (WBS), a part of Trescon, one of the world’s fastest-growing organizers of emerging tech B2B events, demand gen services and more, is a Web3 focused events organizer. The management team has over 20 years of experience organizing successful conferences, expos, and summits. WBS works with Web3 industry leaders and innovators as advisors to ensure alignment with current market trends and needs.Users can book tickets here.ContactDirector, Public Relations & Partnerships – MENA, TresconShadi Dawiwww.tresconglobal.comshadi@tresconglobal.com+971554984989This article was originally published on Chainwire More

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    Aethir’s Node Sale Marks Milestone in Decentralization

    According to the team Aethir’s node sale is a major success for Web 3.0 decentralization. Achieving such a key milestone for Aethir’s ecosystem was largely accomplished thanks to its network of over 100 partners. In true Web 3.0 community-first fashion, Aethir’s network includes over 100 DAOs, launchpads, VCs, KOLs, syndicates, and NFT communities. On this occasion, Aethir expresses gratitude to all of its partners. Some of Aethir’s most esteemed partners include Impossible Finance, Animoca Brands, Merit Circle, ARC, Dewhales, Fomofudme, NeoTokyo, and Mocaverse, with their exceptional dedication to Aethir’s vision.Aethir firmly believes in Web 3.0 decentralization, which is why the company distributed its Checker Nodes to the community instead of retaining centralized control. With over 20,000 holders, Aethir has made history by facilitating the most decentralized node sale in Web 3.0. Each node is represented by an NFT license, allowing users to set up and run their Aethir nodes once Aethir’s Mainnet goes live in Q2 2024. The first batch of Checker Node license NFTs has been distributed on 12 April 2024.Aethir is revolutionizing DePIN with its advanced, distributed enterprise-grade GPU-based compute infrastructure tailored for AI and gaming. Backed by leading Web3 investors like Framework Ventures, Merit Circle, Hashkey, Animoca Brands, Sanctor Capital, Infinity Ventures Crypto (IVC), and others, with over $130 M in funds raised for the ecosystem, Aethir is paving the way for the future of decentralized computing.ContactMarketing DirectorDikshaAethirdiksha@aethir.comThis article was originally published on Chainwire More