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Here are the top four stories from the past, presented to you by U.Today.
Some SHIBs are back in circulation
Thanks for the regular token burn, initial SHIB Circulating Supplies is gradually decreasing. However, according to Twitter user @shibburn, the recently created Shiba Inu Burn website shows that supply is increasing again due to an influx of more coins. The reason behind this is that some users are withdrawing their SHIB from the staking program on the ShibaSwap platform. , is sending these coins back into circulation.
Cardano, Monero and some other altcoins show potential price gains coming in
progeny The report added that the altcoins are showing signs of increasingly overleveraged shorts and negative funding rates, with the liquidation of the shorts potentially leading to price increases. This could happen when BTC starts to push the market upwards, in which case altcoins with large short liquidations will use those liquidations as a catalyst.
ADA managed to climb to a high of $1.64 on January 18, driven by optimism surrounding the Cardano blockchain.
2.5 billion SHIB have been burnt since December 1st. 428 million gone this week
Recent data provided by the @worldofao Twitter account shows users of Shiba Inu tokens getting burned 2.5 billion sib Since December 1, nearly half a million of that amount has been destroyed last week. The SHIB community expects the token price to start rising after each such burn, and the rumors about the meme coin being listed by Robinhood will help that happen as well. However, the trading app is yet to confirm the listing, and SHIB is still trading in the same range.
Shiba Inu Dev Starts Collaborating With CoinMarketCap
according to a recent update By the official Shiba Inu Twitter account, the developers of the coin have contacted CoinMarketCap to resolve the issue of “wormhole” addresses. Last weekIn , the Shiba Inu community pointed to three fake smart contracts on the Binance smart chain, Terra and Solana, appearing on the most visited cryptocurrency-related websites. Later, CoinMarketCap clarified that these are wormhole bridges for cross-chain transactions with wrapped versions of the token meant to improve the user experience.
The Shiba Inu team recognizes the importance of interoperability, but claims that there are “fundamental limits” on the level of security provided by such bridges.