- Topic
20k Popularity
12k Popularity
98k Popularity
2k Popularity
8k Popularity
- Pin
- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
Shiba Inu Burns 17 Million Tokens - Will the Next Parabolic Price Increase Happen?
17 million Shiba Inu (SHIB) tokens have been burned in the past 2 days, data provided by shibburn.com shows. It makes for a catchy headline, but in reality, it's only equivalent to around $500 worth of tokens being burned. This number is relatively small compared to the overall picture, as the market capitalization of Shiba Inu is only about $16.58 billion as of Thursday. However, in a world dominated by high-inflation fiat currencies, where the US M2 money supply has increased by about 50% since 2020 according to TradingEconomics data, this is a reminder of the benefits of non-inflationary cryptocurrencies. Of course, fighting inflation is not really the story for meme coins like Shiba Inu, but it is the realm of Bitcoin (BTC). Shiba Inu (SHIB) is more of a speculative investment, a meme coin based on strong hype cycles and a growing and dedicated community of followers, investors, and fans. Although the latest inflation data from shibburn.com may not have a direct impact on Shiba Inu, there are still many other reasons that are exciting investors right now. Shiba Inu - Will the next parabolic price increase occur? $SHIB's latest trading was only at around $0.000028, within its recent range and close to its 21-day moving average (DMA).
The strong price increase in early November, thanks to President Trump's victory in the US presidential election, has almost ended at this time. But Shiba Inu's strong recovery from the 50DMA line at the beginning of this week shows that the buying side is still in control of the market and price predictions remain optimistic. And that's not surprising, given all the positive developments happening in the United States right now. The incoming U.S. administration is arguably the most pro-crypto administration in history, and the new Congress, which is also very pro-crypto, is expected to bring regulatory certainty to the industry next year. Trump is really talking about 'doing something great with cryptocurrency' in his upcoming term. This is a great time in the crypto and meme money sector, one of the best-performing crypto sectors this year, is likely to perform very well in the coming months. But that doesn't mean it will continue to rise. Meme coins like Shiba Inu tend to increase rapidly. A cryptocurrency trader named Astekz said the $SHIB chart is showing "parabolic potential from here." Please provide the text to be translated. Meanwhile, CryptoBull has released a chart showing his prediction that SHIB will soon break out of the downtrend from its all-time high in 2021.
Other X users want to point out why Shiba Inu is likely to be one of the most beloved characters in any future meme season. Covering the large scale of the Shiba Inu community and its vast and growing ecosystem, gives $SHIB a lot of real utilities. How high will $SHIB charge? So, if the price of Shiba Inu skyrockets exponentially, how high can this meme coin go? Well, once this meme coin surpasses its previous record of just under $0.000090 and enters the price discovery phase, then really no one can predict anything. But a rally towards a Fibonacci extension of 3,618 or 4,236 from the 2023 lows back to the 2021 highs suggests a 10x rally from current levels is very likely.
That will help $SHIB achieve a market capitalization of over $150 billion. That may seem ridiculous, but if Bitcoin hits $200,000, its market cap will exceed $4 trillion. In this scenario, SHIB's market cap would only be about 4% of Bitcoin, which is hard to believe considering its status as the top meme coin in the market. No matter what, the near future looks very bright for the meme coin and Shiba Inu space, despite the extremely volatile markets. To achieve significant profits, investors also need to have the ability to HODL during rapid and strong downturns. DYOR! #Write2Win #Write&Earn