Tokens Without Massive Burns Will Find A Hard Path To Reaching The Stars!

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For months we have been following certain tokens like Shiba Inu and BabyDoge. Both tokens have numerous investors, but they are having a hard time gaining momentum. While Shiba Inu has managed to enter numerous trading platforms, the price still stays well below the “One Cent Dream”! Many of us investors wanted to believe the circulating supply wouldn’t be a factor in preventing Shiba Inu from making it to its destination of a penny! However, it looks like the circulating supply plays a vital role in how the token moves up in price.

While Shiba Inu has burns that take place here and there, the burns aren’t big enough to push the token upwards. Shiba Inu needs a bigger burn in order to regain momentum. Recently, we have seen BabyDoge take a more productive stance regarding burning and the token is starting to take off.  A lot of these tokens with massive circulation are going to have to rethink the way they move forward. Developers are taking notes regarding what works and what doesn’t work.

Perhaps, therefore you now see tokens like Kishimoto performing strategically placed burns which remove larger amounts of tokens from the circulation pot. The burns help erase some of the circulation of tokens which helps the price eat zeros, at a faster pace. By now we know that circulation does play a vital role in how quickly a token is able to move up. Take $Mcontent and $BabyDoge as two examples, both tokens are at 8 zeros, but there is a stark difference in the number of investors. BabyDoge has over one million holders while Mcontent is nearing 14k, the difference is the number of tokens that are in circulation. Mcontent has a max supply of 10 quadrillion tokens with 39 percent being burnt, and they also have a burning feature in their monetization foundation. So, this means Mcontent has about 6 quadrillion tokens if not less because they have produced and are producing projects.

BabyDoge has a max supply of 420 quadrillion tokens, but over half have been burnt. We could be looking at a lot less than half by now because they have been actively burning which is perhaps the reason their token is rising. Would I say that these are bad tokens to own? No! However, I am not a financial advisor. Crypto is just getting started and everyone is trying to come up with the perfect formula on getting their token to the front of the line. As time goes on, I think we will see tokens burn more and perhaps developers tighten the girdle on token circulation down the road.

Does token circulation matter? Yes! If a token does not have a built-in burn function, the chances of the token getting to one cent or more will be nearly impossible. If I were just entering into the crypto maze; I would research token circulation, burn function, token sustainability, and the function that it aims to deliver.  Perhaps, prior to all of that, I would like to know about the team behind the token. Keep in mind, we are early to the crypto party, so we might have to clean up a few messes before the other party-goers make it. However, l predict a new strategy regarding future token availability due to the struggle of reaching above one cent or more for tokens with 1 million investors, or more.

I am not saying they will not reach above a cent, but I am saying, it will take a strong solid burn function to get them there.

Just How Much Do We Understand About Cryptocurrency? SHIBA INU And Surrealism

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Go back a year ago and look at articles published about meme tokens, and you will see a strong pattern of mistrust. Fast forward today, and you will see a group of cryptocurrencies known as meme tokens that have helped to create multiple millionaires. There’s also a billionaire walking around smiling because of Doge. These meme tokens are their very own forms of art packaged in the form of cryptocurrency. They house so much more than the faces of your favorite animal.

The meme tokens, in my opinion, are helping to usher in modern-day artwork that will soon replace the paintings many of us hang on our walls. Take Shiba Inu and their debut of their Shibarium; the event was such a success that it sold out of 10,000 NFTs in under one hour. Coinbase has over 2 million people signed up on their waiting list for their NFT art pieces that will debut later on.

Right now, the market is hot for these NFT pieces, and developers get it! It is perhaps one of the things that, in my opinion, makes the difference between a meme coin with little chance for advancement and a meme coin with the mechanics to change the world. Many Shib holders are eagerly waiting on a listing from Robinhood soon, but perhaps the foundation for success has already been placed.

Shib has a lot to offer, and the developers are continually working on new projects and burns. It is important not to lose sight of the ongoing progression these developers are making. They are committed and talented enough to keep coming up with new and vibrant ideas to take the token to the next level. Coinbase shows Shib gained about +42,067,063% over the past year.

I will be the first to tell you that I thought Shib was nothing but a knockoff for Dogecoin after it first arrived in the neighborhood. I even blocked some Shib followers because, in my mind, the project was just an attempt to grift Doge. Before Shibaswap went live, I started following Shiba Inu. Little by little, it became clear that Shib was serious about their token.

The more I learned, the more I appreciated their plight, and I became an investor. As of today, I can tell you I am so proud of the work these developers and followers have done regarding getting the word out. I believe that Shib will change the face of art, swap exchanges, and meme coins as we know it. Perhaps, these meme coins are going to be the new way to collect collectibles on a mass level. We are used to baseball cards, Pokemon cards, coin collecting, and comic books. Get ready for the newest branch of collectibles and perhaps the one to take over the former collectibles, meme tokens with NFT galleries.

I am not a financial advisor, but I am a hell of a fan.

Always Advancing

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These last few weeks have been a crazy time for many of us who invest in cryptocurrency. I decided to invest some of my income tax money into my Robinhood acct, and it paid off. So let me start with the updates!!

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I am feeling spectacular since my weight is going back down. I have started back mowing the lawn! Yes, I can do the yard again because my knee doesn’t hurt anymore. I have managed to stay active, and I started back playing ARK. I purchased my server. It funny, I’m jumping in bed like a little kid when I lay down at night because I can!!!! So, yes, I am feeling good! Activity is the key, stay active, and you will stay young.

Now, on the topic of cryptocurrency!! I am trying to get my daughter into it because I feel like we are standing on the edge of something earthshattering; when it comes to our financial future. I sent her some money and told her to invest it in crypto. At this point, I do not invest large sums of money because I am conservative with my money.

I have over 15k shares of Dogecoin which means if it goes up, I will make money. If Dogecoin were to hit at least 50 bucks, I would have over half a million dollars. So, I am no financial advisor, but if investing 1200 dollars gives me a chance to get almost half a million bucks at 50 dollars per coin, I am not selling. If there is even a grain of a shot, I want to explore it. My dream would be to see Dogecoin reach about 100 bucks per coin because it would make me a millionaire. Right now, I am just patiently waiting and hoping that just maybe 1200 dollars turned out to be the start of something mind-blowing.

I started with 1200 invested in Doge and now I quadrupled that! So, I am a happy little camper! So, that’s me in a nutshell! I am always trying to better myself inside and out. We should be always be in the habit of doing things that produce positive outcomes for us and those around us. Please understand that I am only telling you what’s going on in my world, not insisting that you follow my path. Investing is tricky and if you want to do it, find someone educated in cryptocurrency to give you the whole story.

“Habit is a powerful means of advancement, and the habit of eternal vigilance and diligence, rarely fails to bring a substantial reward.” ~ Lewis Howard Latimer