The worries haven’t so far spread to top stablecoin Tether, which held at $1. Tether has previously faced scrutiny over its reserves. Wider crypto markets are having a painful week and were on the back foot Saturday: Bitcoin slid as much as 1 per cent, while smaller tokens like Solana and Avalanche had bigger losses. EMEA+44 20 7330 7500 Why then would so many crypto investors write off the moon itself as having an effect on markets? Astrology is the study of the stars and planetary alignments, that result in changes in the weather, emotions, and more. Some legendary traders have used this information reliably to predict tops and bottoms in markets – could the same be true for Bitcoin? “Named after Elon’s dog so one tweet from Elon and we are going so moon!!!” wrote one user on the Flokinomics Reddit forum.
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Shiba Inu coin (SHIB) is a cryptocurrency that was created in August 2020. SHIB is a fork of the popular cryptocurrency Dogecoin (DOGE). Like DOGE, SHIB is a decentralized, peer-to-peer (P2P) digital currency that enables users to send and receive payments without a central authority. SHIP has a fast block time of just one minute, much faster than DOGE’s block time of ten minutes. The developers might decide to burn other coins to make SHIB more deflationary than it is now and help with a price appreciation. We recently learned that Shiba is preparing to enter the Metaverse and will be burning more SHIB soon, further reducing the total supply. 04:13 The Shiba Inu ecosystem comprises one decentralized exchange and three dog themed cryptocurrencies: BONE, LEASH and SHIB. Ranked fifteenth on CoinMarketCap, SHIB aims to catch up with DOGE, which is currently ranked tenth. 

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