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Stephen Cooper, owner of the first crypto-label Bigger Entertainment, whose team burns SHIB coins spent on an online store, named one condition under which one billion SHIB will be burned at their next “burning party.”
Another well-known Shiba Inu account, Ask The Doctor, has also announced two conditions under which they will burn one billion units of cryptocurrency.
One billion SHIB could be burned in the near future, seven million already burned.
Stephen Cooper posted on his verified Twitter account that seven million SHIB tokens were burned in December, that is, sent to an address from which no one can withdraw these coins, thereby permanently removing them from circulation.
He also tweeted that if 7,500 Shiba Inu holders spend $ 5 on a larger entertainment platform, the aforementioned platform where users can get music, merchandise, event tickets and NFTs, then a whopping billion SHIB tokens will be destroyed at the next party. The event will take place live on December 26.
According to the tweet, 13% of the planned amount has been collected so far, with almost two weeks left to achieve the goal.
According to another tweet, seven million units of cryptocurrencies were burned by his team this month.
When will the next SHIB burn?
As reported by U. Today on December 13, another prominent SHIB Twitter account, “Ask The Doctor”, also tweeted two conditions that must be met in order to burn another billion coins.
The first was that the change.org petition request to list the token on the Robinhood trading app reached a million signatures. At the moment, he has just over 500,000 signatures.
The second condition is that the tweet must be retweeted 25,000 times.
The Shiba Inu community has been asking Robinhood to add SHIB to their asset basket for months now, expecting the list to immediately push the coin to new highs. The most commonly cited price level for the coin after that is $ 0.01.
U. Today previously reported that the Shiba Inu community burned about two billion SHIB tokens in November.
Shiba Inu Games recently announced its partnership with PlaySide Studios, Australia’s largest video game developer. The goal of the collaboration was to develop a new game based on the Shiboshi collection of non-removable tokens over the next eight months.
According to SHIB developer Shitoshi Kusama, while Shiba Inu is a decentralized community, Shiba Inu Games is focused on working with amazing consultants and contractors to create the incredible first version of Shiboshi. This game will be primarily for mobile devices.
In line with this, at the end of November, SHIB joined William Wolf, an American mobile game developer, publisher and founder of Deep State Games, as a consultant to Shiba Inu Games.
Shiba Inu’s price dropped to a low of $ 0.000003160 on December 13 amid widespread market sell-off. Despite a small bounce, the SHIB bulls still have to grapple with the $ 0.00040 level to currently trade at the $ 0.000332 level.
The SHIB / USD pair showed a falling wedge on its daily chart. Technically speaking, Shiba Inu could probably consolidate briefly before a breakout occurs. With a breakout from the falling wedge pattern, Shiba Inu could test the $ 0.000030 level as support if price declines.
Posted by Anastasia Zapolskaya, analyst at Freedman Сlub Crypto News
#billion #SHIB #burned