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SHIBA INU BLOCKCHAIN WILL MAKE IT REACH $1 IN 2 MONTHS! SHIBARIUM - EXPLAINED - YouTube
Channel: ShibaAddicted
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Ready or not, here it comes! Shytoshi has just
announced breaking news concerning #Shibarium,
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the Shiba Inu blockchain among other updates. And
in today’s video, I’m going to be talking about
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each one of these updates and what they mean for
Shiba Inu. You definitely want to watch this video
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to the end so you don’t miss out on anything.
It’s a full video today, guys. So, stick around.
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Disclaimer.
This is a giveaway winner from yesterday.
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Also, if you are interested in getting price
predictions and crypto news literally every hour,
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then join my Telegram channel. We
already have more than 2600 people.
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What’s up SHIB Army? Today is packed
with tons of updates and information
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coming from Shytoshi himself, and the
biggest news today concerns Shibarium.
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So, make sure you keep watching
to find out what all that’s about.
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By the way, if you’re enjoying this video, make
sure to hit the like button. And if you want to
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keep seeing videos like this, I make daily videos
about Shiba Inu and the crypto market. So, hit
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the subscribe button and turn on notifications so
you’re the first to know once I drop a new video.
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With that said, let’s get straight
into today’s video. Like I said,
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tons of updates so we need to move quickly.
Shytoshi has announced a couple of things
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that the SHIB army can look forward to in the
near future. The items mentioned include burn,
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a new Medium, and Shibarium. Let’s start
with the Medium part of the conversation.
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If you’ve been a part of the SHIB army for any
length of time, you’ve probably come to learn
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to anticipate Shytoshi’s Medium updates.
A new Medium means that the dev team has
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been strategizing for a while and are now ready to
inform the community on developments and progress.
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And Shytoshi confirms that himself in
the Shibtoken Discord when he says that
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the breeds have been working
out a few details internally.
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So, any guess what Shytoshi might be talking about
in this new Medium? Let me hear your thoughts in
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the comment section. And while we look forward
to Shytoshi’s new Medium, you can trust me to
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let you know the minute it’s ready. So, make sure
you stay subscribed and turn on notifications.
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But for now, let’s go back to Shytoshi’s
other updates, and this time, we will
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be talking about burn. Shytoshi has mentioned
that new burn strategies are being implemented.
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The last time Shytoshi talked about burn, he
discussed a burn strategy that would involve
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making small purchases and then burning them at
regular intervals. The devs team kicked off this
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plan by implementing a $25,000 burn along
with a $25,000 Leash burn with every Woof
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listing. The team also encouraged tokens and other
crypto projects to use ShibaSwap and burn SHIB.
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This is what you call a utility
burn, and as Shytoshi explains,
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it’s a good kind of burn because it’s more than
just burning tokens and redistributing the rest.
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With utility burn, you also
gain utility, mainstream usage,
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and daily active users. This is why utility
burn is a much better strategy for any token
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that wants to experience long-term growth
than a simple burn and redistribute system.
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Shytoshi also mentioned in that same post the
launch of Shi, Shibarium, and Shibanet will bring
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more opportunities for utility burns: another
reason to look forward to the launch of Shibarium.
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That said, from the recent update, the
Shiba Inu dev team has stumbled on new
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burn ideas which they are already beginning
to execute. This will definitely be good news
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for the Shiba Inu community which has been
clamoring for more burn for a while now.
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Already, we are doing well in terms of trade
volume. But to really get the kind of price
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rally that takes us to $1 we need massive burn.
So, it’s really refreshing news that the dev team
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is beginning to implement new burn strategies.
Hopefully, the burn strategy would involve
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massive burn to add to the $25,000 burn already
on ground. Well, we will find out sooner or later.
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For now, let’s move on to the big update today.
Shibarium is coming soon, guys!
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If you’ve been in the community for a
while now, you know that a lot is tied
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to the launching of Shibarium. So, you can only
imagine the excitement that everyone must feel.
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Over 650,000 SHIB holders are awaiting further
updates concerning the Shiba Inu blockchain.
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And analysts expect the launch on Shiba Inu’s
blockchain to trigger a SHIB price rally.
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As it is, we’re already primed for a price
rally. Just a few days ago, Binance.US
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listed Shiba Inu which led to a price rally of
3%. And just before then, CoinbasePro listed
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Shiba Inu and this led to a spike in price of 30%
which everyone is now calling the Coinbase Effect.
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Further, the social media mentions of
the Shiba-Inu-themed cryptocurrency
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have hit a peak in the past few hours. SHIB
ranks in the top 10 for the highest mentions
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on crypto Twitter over the past hour,
alongside Bitcoin, Ethereum and Dogecoin.
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Social media mentions are considered an indicator
of market sentiment for a token. Historically,
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when a token is experiencing a strong price
rally, mentions by the crypto community on
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Twitter hit a peak. This implies that Shiba
Inu is currently on track for a breakout
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based on the spike in social media mentions.
The boost in traders’ sentiment towards SHIB can
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be attributed to the token's new updates. Shytoshi
Kusama, CEO and head of Shiba Inu ecosystem,
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revealed on the Shiba Inu’s Discord that
Shibarium or Shiba Inu Layer 2 is coming soon.
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Overall, the developments in the SHIB ecosystem
have positively impacted the token’s price.
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In one of my recent videos, I talked about
how crypto analysts are bullish for Shiba Inu.
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in fact, they have predicted a 35% upswing
for Shiba Inu before the end of the year.
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Definitely, one of the ways this is going to
be possible is through the launch of Shibarium.
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I covered the details of the analysts’
prediction in another video. So,
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do well to check that out if you want the details.
But back to Shibarium. The launch of Shibarium
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plays an important role in the success
of Shiba Inu. With our own blockchain,
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we will no longer be tethered to high ether fees.
And if we have less gas fees, it means that people
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will be able to lock their SHIB by burying it
for bone. People will also be able to buy bone
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easily without having to go through exchanges
and that will draw attention to ShibaSwap.
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That said, we still have a couple of updates. And
it’s more good news. We have been listed on EPro,
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guys! But there’s even bigger news: we
have finally been listed on Coinbase!
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The exchange made the announcement
via its Twitter’s handle yesterday.
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You can now buy, sell, convert, send, receive,
or store SHIB on Coinbase. This is huge and we
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can expect the Coinbase Effect to kick in any
moment from now. Prices are going up, people.
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At this point, it feels like we’re on a
roll with listings by eToro, Coinbase Pro,
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Binance.US, $EPRO and now, Coinbase. We
are as good as listed on all exchanges!
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And as I suspect, this streak is going to continue
for a long time because that’s how it works.
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Listings are only going to lead to more listings.
Why? Because as more platforms list a particular
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token, it suggests to other platforms that
this is a token with potential for profit and
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who would want to miss out on the opportunity to
make profits, right? And that’s why I think it’s
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very likely that Shiba Inu would be listed on all
the major exchanges before the end of the year.
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Now, before we go, let’s talk about eToro.
You already know that we’ve been listed by
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eToro. But what’s particularly interesting about
eToro is the massive support this platform has
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continued to give Shiba Inu. From sponsored posts
on Facebook to tweets from their official handles,
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eToro continues to stand behind Shiba Inu.
Once again, they’ve shown their support for
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Shiba Inu, encouraging their followers and
letting them know that Shiba Inu is a token
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to be given serious consideration in 2021.
In the coming days and weeks, we’re going to
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see the effect of this move when the number of
Shiba Inu holders begins to grow significantly.
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In all, things are truly looking up
for Shiba Inu and I hope that today’s
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updates encourage you to HODL tighter.
Of course, this is not financial advice,
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and you want to do your own research before
making any financial decision. This is simply my
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opinion and I just hope you give it some thought.
If you enjoyed this video, then please like this
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