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🐕 Shiba Inu Gains 16% In A Day After 900 Million Token Burn

Looks like the meme coin is to be taken seriously

Hey Blockster, Did you know SHIBA INU has a unique burning model unlike any coin out there? Every day, 1% of all $SHIB tokens in circulation gets burnt to reinforce the scarcity. Projects that want to get listed on ShibaSwap, trading pairs, or pools are required to buy and burn a selected amount of $SHIB or $ LEASH tokens.    On the 24th of October, the coin reached another historical high after a major token burn. According to Watcher.Guru, around 900 million Shiba Inu tokens were burned, which resulted in a 16% growth in one day. Impressive!   Regardless of being another coin that started as a joke, SHIBA looks ready to be taken seriously now! Over the past month, it has seen explosive growth: the coin rallied by over 400% and gained around 40% over the past week alone.   Fond of Shiba Inus (woof woof!) and eager to learn more? Then you might want to check out the full article.   Here are a few more stories by our star journalists which are trending on Blockdesk right now: DOT Creeps Toward Top 10 – All You Need To Know About Polkadot – Polkadot is one of the big altcoins yet to explode: we could see a massive spike in DOT as the market moves around. So what has the project been up to, and what are the next milestones looming ahead? Will Stablecoins Or CBDCs Replace Fiat Currency? – Stablecoins and CBDCs are likely to play an integral role in the future financial system. However, are they ever going to replace fiat currencies? Highly unlikely. Why? Read on to find out. Crypto Trading Advice Is Never 100% Correct – Do Your Own Research – There are many experts out there, offering sometimes polar views on trading. Want to know the best advice we ever got? It can be packed in four letters: DYOR. Turkey's Failing Economy And The War On Cryptocurrency – Turkey banned cryptocurrency payments including Bitcoin as of the 30th of April 2021. In Sonja Salpeter's opinion, this doesn't mean the Turkish government believes Bitcoin is bad. What this reflects is the fact that the Turkish Lira is failing. Stellar Is At Half Its All-Time High – What's Happening, And Should You Buy? – Stellar has been a leading altcoin in terms of performance during the current bull market. Soon, it might reach another all-time high, should it make an over 55% gain. Is $XLM a worthy investment? Hope you enjoyed today's crypto digest. Be sure to check back tomorrow, as we deliver a new collection of exciting crypto articles right into your inbox. See you soon! Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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