Shiba Inu (SHIB) recently reached 100% of its burn rate as Ethereum whales helped burn tokens in response to Ryoshi’s Shibarium update announcement. ApeCoin (APE) emerged as one of the top gainers as Yuga Labs appointed ex-Activision-Blizzard President as its new CEO, and Orbeon Protocol (ORBN) managed to skyrocket over 805% in December, now causing analysts to predict the token will surge by over 6,000% in Q1 2023.
Shiba Inu (SHIB) Set to Explode as Burn Rate Reaches 100%
According to burn tracker Shibburn, the pace at which Shiba Inu (SHIB) tokens get burned is rapidly increasing and even reaching 100%. The SHIB Army has achieved a total burn of 302 million tokens in just 24 hours with the help of some of the most prominent Ethereum whales following an announcement by anonymous founder Ryoshi.
Ryoshi announced a new update for the Shiba Inu (SHIB) project, dubbed Shibarium, that will incorporate a burn mechanism within every Shiba Inu (SHIB) transaction. Apart from that, the Shiba Inu update will also entail a full-fledged decentralized exchange and play-to-earn games based on the Shiba Inu (SHIB) token.
All of this will most likely result in a surging Shiba Inu (SHIB) price, which could start as soon as this week, and might lead to Shiba Inu shredding a zero or two off its current price.
ApeCoin (APE) Essential Crypto Investment for 2023 as Otherside Might Launch Sooner Than Expected
Yuga Labs, the marketing and development company behind ApeCoin (APE) and famous NFT collection Bored Ape Yacht Club, has recently appointed Daniel Alegre, ex-Activision-Blizzard President, as its new CEO. Daniel has led AAA+ games like World of Warcraft and Call of Duty to success, and his new task at Yuga Labs will be to oversee the development of Otherside, the BAYC-based play-to-earn MMORPG that the company wants to release.
ApeCoin (APE), the native token of the APE ecosystem, surged by over 6% following the press release, and its trading volume increased by over 265% within the last 24 hours as of writing. Much of this positive price movement for ApeCoin (APE) is in part due to the above news, with some speculating Apecoin will be used as the token for Otherside. If this is the case, Apecoin will see a mass price increase as its adoption grows with many Otherside users stocking up on Apecoin (APE) for their transactions on the platform.
For those looking for a solid long-term play for 2023, ApeCoin (APE) might be a good fit.
Why Every Sane Crypto Investor Should Buy Orbeon Protocol (ORBN) Right Now
Orbeon Protocol (ORBN) has long traded unnoticed until its ORBN token managed to surge over 805% in December, whilst most other cryptocurrencies were declining. Given the current metrics, analysts even expect Orbeon Protocol (ORBN) to surge by as much as 6,000% in Q 2023. Why the fuss? Allow us to explain.
Orbeon Protocol (ORBN) seems destined to revolutionize crowdfunding and venture capital markets through the use of fractionalized NFTs or F-NFTs. Where start-ups traditionally have to reach out to specialized venture capital firms and use crowdfunding platforms, Orbeon Protocol (ORBN) will totally change this.
Let’s say a start-up company wants to raise $100k from the public through Orbeon Protocol (ORBN). Orbeon then mints 10,000 equity-backed F-NFTs, each representing a $10 investment in the start-up. Users of the Orbeon Protocol (ORBN) ecosystem can then trade these NFTs on the decentralized Orbeon Exchange from their non-custodial Orbeon Wallets.
Through this revolutionary use of NFT technology combined with blockchain technology, Orbeon Protocol (ORBN) lowers costs for start-ups, and it allows retail investors with smaller amounts of capital to reap the rewards of early-stage seed investing.
ORBN is in the third stage of its pre-sale, and over 70 million tokens have already been sold, granting holders unique perks like staking, transaction fee discounts and governance rights.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
