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When SHIB $1 ?
Once considered a memecoin, the visibility of the Shiba Inu (SHIB) has now been maintained by a dedicated community, the SHIB Army.
This community-led effort moves SHIB beyond niche status and into serious consideration.
While excitement swirls around the project's breakthrough platform, Shibarium, the community remains hopeful about the potential price increase.
Is the price of SHIB the same as $1 ?
According to a Watcher News report, some people are betting 50 cents or even $1 on SHIB, but there is a grain of truth to that lofty aspiration. SHIB's dream of achieving a price of one USD which is equivalent to IDR 15 thousand per token may still be a difficult goal, but its significant growth potential cannot be ignored.
Long-term SHIB holders are likely to benefit the most from this growth.
Telegaon, an AI-powered prediction and analysis platform, has come up with interesting predictions for those looking to stick with their Shiba Inu for a long time to come.
Telegaon estimates that SHIB has the potential to reach $0.50 in 2040-2050. Platform calculations predict that the maximum possible price of SHIB will reach $0.089 in 2040.
In the future, in 2050, the value of this asset may even increase to at least $0.62. While the average price of this memecoin is around $0.69, the maximum price is around $1.06.
Of course the prospect of SHIB reaching USD 1 in 2050 is very encouraging, but keep in mind that 2050 is still far away, almost three decades away.
A number of factors such as adoption rate, brand burn rate, the success of Shibarium and general market sentiment will determine whether a property will actually reach this milestone.
On the other hand, DigitalCoinPrice, a leading company specializing in chain measurement and price prediction, offers its own views on the future development of SHIB.
Watcher News reports that their projections show that even after ten years, a Shiba Inu's value could reach three zeros. According to this forecast, SHIB could reach $0.000190 by the end of 2032.
That would represent an extraordinary return on investment of about 1,800 percent of its current price, which is US$0.00001101.
While this bullish forecast is indeed promising, it is still far from the aspirations of many SHIB owners. Investors are chasing life-changing returns for decades to come.
But keep in mind that no forecasting firm has conclusively stated that SHIB can reach the projected p
rice threshold of $0.01.
#shibaInu
#ideuang
#fundamental
#signals
;)
This community-led effort moves SHIB beyond niche status and into serious consideration.
While excitement swirls around the project's breakthrough platform, Shibarium, the community remains hopeful about the potential price increase.
Is the price of SHIB the same as $1 ?
According to a Watcher News report, some people are betting 50 cents or even $1 on SHIB, but there is a grain of truth to that lofty aspiration. SHIB's dream of achieving a price of one USD which is equivalent to IDR 15 thousand per token may still be a difficult goal, but its significant growth potential cannot be ignored.
Long-term SHIB holders are likely to benefit the most from this growth.
Telegaon, an AI-powered prediction and analysis platform, has come up with interesting predictions for those looking to stick with their Shiba Inu for a long time to come.
Telegaon estimates that SHIB has the potential to reach $0.50 in 2040-2050. Platform calculations predict that the maximum possible price of SHIB will reach $0.089 in 2040.
In the future, in 2050, the value of this asset may even increase to at least $0.62. While the average price of this memecoin is around $0.69, the maximum price is around $1.06.
Of course the prospect of SHIB reaching USD 1 in 2050 is very encouraging, but keep in mind that 2050 is still far away, almost three decades away.
A number of factors such as adoption rate, brand burn rate, the success of Shibarium and general market sentiment will determine whether a property will actually reach this milestone.
On the other hand, DigitalCoinPrice, a leading company specializing in chain measurement and price prediction, offers its own views on the future development of SHIB.
Watcher News reports that their projections show that even after ten years, a Shiba Inu's value could reach three zeros. According to this forecast, SHIB could reach $0.000190 by the end of 2032.
That would represent an extraordinary return on investment of about 1,800 percent of its current price, which is US$0.00001101.
While this bullish forecast is indeed promising, it is still far from the aspirations of many SHIB owners. Investors are chasing life-changing returns for decades to come.
But keep in mind that no forecasting firm has conclusively stated that SHIB can reach the projected p
rice threshold of $0.01.
#shibaInu
#ideuang
#fundamental
#signals
;)
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SHIB Burn Rate Soars 286 Percent, What is the Impact on Shiba Inu Token Prices?
In an unexpected surprise, the burn rate of Shiba Inu (SHIB) has witnessed a significant increase after a recent period of decline last week.
A well-known SHIBÂ burn data tracker in the crypto community, Shibburn, recently reported an increase in the SHIBÂ burn rate of 286.9 percent in the last 24 hours.
"Before continuing, you should first follow our YouTube channel "@ideuang" so that we can continue to be passionate about sharing information, keyword "@ideuang" in your YouTube application search.
SHIB Burn Rate Soars 286 Percent
According to the latest data released by Shibburn, 177 million SHIB tokens have been burned in the past 24 hours.
These tokens are the result of 12 separate transactions, highlighting the Shiba Inu team's ongoing commitment to reducing the circulating supply of SHIB.
In fact, the team has redoubled their efforts in token-burning recently, with over half a billion tokens being wiped out of circulation for good. According to Coin Edition's report, one of the most interesting aspects of this development is the ongoing debate within the crypto community regarding the impact of Vitalik Buterin's SHIB burn on the price of this meme token.
Shibburn has been actively involved in discussions on this topic, asserting that Buterin's decision to burn 90 percent of the SHIB tokens awarded to him has played a significant role in the growth of this Dogecoin competitor.
To support their argument, Shibburn provided an overview of the price chart, proposing that if Buterin chose to sell the tokens rather than burn them, the price would jump to US$0.0004225, a significant increase from the current record high of US$0.00008845.
The recent spike in SHIB burn rate can be attributed to broader market trends. After experiencing a long period of decline, many cryptocurrencies, including SHIB, have struggled to regain momentum.
$SHIB
#ideuang #@ideuang #shibainu
In an unexpected surprise, the burn rate of Shiba Inu (SHIB) has witnessed a significant increase after a recent period of decline last week.
A well-known SHIBÂ burn data tracker in the crypto community, Shibburn, recently reported an increase in the SHIBÂ burn rate of 286.9 percent in the last 24 hours.
"Before continuing, you should first follow our YouTube channel "@ideuang" so that we can continue to be passionate about sharing information, keyword "@ideuang" in your YouTube application search.
SHIB Burn Rate Soars 286 Percent
According to the latest data released by Shibburn, 177 million SHIB tokens have been burned in the past 24 hours.
These tokens are the result of 12 separate transactions, highlighting the Shiba Inu team's ongoing commitment to reducing the circulating supply of SHIB.
In fact, the team has redoubled their efforts in token-burning recently, with over half a billion tokens being wiped out of circulation for good. According to Coin Edition's report, one of the most interesting aspects of this development is the ongoing debate within the crypto community regarding the impact of Vitalik Buterin's SHIB burn on the price of this meme token.
Shibburn has been actively involved in discussions on this topic, asserting that Buterin's decision to burn 90 percent of the SHIB tokens awarded to him has played a significant role in the growth of this Dogecoin competitor.
To support their argument, Shibburn provided an overview of the price chart, proposing that if Buterin chose to sell the tokens rather than burn them, the price would jump to US$0.0004225, a significant increase from the current record high of US$0.00008845.
The recent spike in SHIB burn rate can be attributed to broader market trends. After experiencing a long period of decline, many cryptocurrencies, including SHIB, have struggled to regain momentum.
$SHIB
#ideuang #@ideuang #shibainu
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"SHIBA Predictions for September and October 2023"
Historically, October has been a month full of optimism for crypto assets, including Shiba Inu. In 2021, SHIB reached its highest price this month and saw an overall increase of 830.14 percent.
In contrast, September and November 2022 are sluggish months. However, this asset printed a green candle in October and experienced an increase of 10 percent.
According to CoinCodex analysis, SHIB is expected to have a price of around US$0.00000703 on September 30, 2023, marking a decline of 4.09 percent from its current price of US$0.00000733.
However, on a monthly basis, SHIB is expected to reach US$0.000008170 before possibly experiencing a correction to around US$0.000007833 on October 31, 2023, which is an increase of 6.86 percent from the current price.
Watcher News reports that, it is important to note that there is currently one major resistance cluster with a price range from US$0.000008 to US$0.000014 for SHIB.
In this span, nearly 290 trillion SHIB tokens have been purchased by approximately 417,000 addresses. Therefore, investors need to be extra careful once SHIB surpasses the US$0.000008 level. [st]
$SHIB
Don't forget to subscribe to our YouTube Chanel #ideuang #@ideuang
Historically, October has been a month full of optimism for crypto assets, including Shiba Inu. In 2021, SHIB reached its highest price this month and saw an overall increase of 830.14 percent.
In contrast, September and November 2022 are sluggish months. However, this asset printed a green candle in October and experienced an increase of 10 percent.
According to CoinCodex analysis, SHIB is expected to have a price of around US$0.00000703 on September 30, 2023, marking a decline of 4.09 percent from its current price of US$0.00000733.
However, on a monthly basis, SHIB is expected to reach US$0.000008170 before possibly experiencing a correction to around US$0.000007833 on October 31, 2023, which is an increase of 6.86 percent from the current price.
Watcher News reports that, it is important to note that there is currently one major resistance cluster with a price range from US$0.000008 to US$0.000014 for SHIB.
In this span, nearly 290 trillion SHIB tokens have been purchased by approximately 417,000 addresses. Therefore, investors need to be extra careful once SHIB surpasses the US$0.000008 level. [st]
$SHIB
Don't forget to subscribe to our YouTube Chanel #ideuang #@ideuang
XRP Jatuh 39 Persen Sejak Gugatan SE
Despite the SEC's Interlocutor Solicitation and 39 Percent Drop, XRP Enthusiasts Still Hope for a Rebound
Recent statistics paint a volatile picture for XRP. In just the past week, the price fell by 18.5 percent, and a monthly review revealed a decline of 32 percent against the US dollar.
But back to July 12, 2023, the situation is different â ââthis crypto is being traded at US$0.47 per coin. However, after judge Analisa Torres' verdict the next day, the price jumped to US$0.819 per coin.
#XRP #ideuang #news
Despite the SEC's Interlocutor Solicitation and 39 Percent Drop, XRP Enthusiasts Still Hope for a Rebound
Recent statistics paint a volatile picture for XRP. In just the past week, the price fell by 18.5 percent, and a monthly review revealed a decline of 32 percent against the US dollar.
But back to July 12, 2023, the situation is different â ââthis crypto is being traded at US$0.47 per coin. However, after judge Analisa Torres' verdict the next day, the price jumped to US$0.819 per coin.
#XRP #ideuang #news
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This skyrocketing crypto MARKET is dominant!?
1.Layer-1
The layer-1 sector, namely a collection of crypto assets included in the main network blockchain (layer-1) leads the capitalization value of US$ 1.8 trillion with the most dominance contributed by Bitcoin (BTC) and Ethereum (ETH), followed by Binance Coin ( BNB), Solana (SOL), and Cardano (ADA).
2.Stablecoins
The sector in second place is Stablecoins. Stablecoins in this category only count stablecoins pegged to the US Dollar. This sector contributed capitalization of US$143.3 billion.
The top three crypto assets in this sector are Tether (USDT), USD Circle (USDC), and Dai (DAI). Tether dominates this sector with a dominance rate of 71.38% of all USD stablecoins.
3. DEFI
The DeFi sector is a collection of crypto assets that are included in the utility and governance tokens of a DeFi project. This sector contributed capitalization of US$100.6 billion, the third largest after layer-1 and stablecoins.
The top three crypto assets in this sector are Lido staked Ether (stETH), Chainlink (LINK), and Uniswap (UNI). Lido staked Ether (stETH) is the most popular liquid staking token (LST) among other Ethereum LSTs, with a dominance of 71.5%.
Our YouTube is a "money IDEA"
#defi #layer-1 #stablecoin #ideuang #yttun
1.Layer-1
The layer-1 sector, namely a collection of crypto assets included in the main network blockchain (layer-1) leads the capitalization value of US$ 1.8 trillion with the most dominance contributed by Bitcoin (BTC) and Ethereum (ETH), followed by Binance Coin ( BNB), Solana (SOL), and Cardano (ADA).
2.Stablecoins
The sector in second place is Stablecoins. Stablecoins in this category only count stablecoins pegged to the US Dollar. This sector contributed capitalization of US$143.3 billion.
The top three crypto assets in this sector are Tether (USDT), USD Circle (USDC), and Dai (DAI). Tether dominates this sector with a dominance rate of 71.38% of all USD stablecoins.
3. DEFI
The DeFi sector is a collection of crypto assets that are included in the utility and governance tokens of a DeFi project. This sector contributed capitalization of US$100.6 billion, the third largest after layer-1 and stablecoins.
The top three crypto assets in this sector are Lido staked Ether (stETH), Chainlink (LINK), and Uniswap (UNI). Lido staked Ether (stETH) is the most popular liquid staking token (LST) among other Ethereum LSTs, with a dominance of 71.5%.
Our YouTube is a "money IDEA"
#defi #layer-1 #stablecoin #ideuang #yttun
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Bitcoin Analyst Claims There Will Be Big Price Movements This Week
Bitcoin (BTC) which is the main cryptocurrency has made significant moves in its price movement. This was conveyed by a crypto analyst who is also the CEO of Eight Global, Michael van de Poppe, who shared his opinion on the X platform.
According to him, BTC's movement has managed to close above the 200-Week Exponential Moving Average (EMA), a key indicator historically associated with bullish trends.
âBitcoin closed above the 200 Sunday EMA, which is very important for bullish continuation,â said Poppe, Sunday (17/9/2023).
FYI, the 200-Week EMA is a widely monitored metric in the crypto market, and Bitcoin's ability to surpass this mark is considered a positive sign. In this case, Poppe indicated that this breakout could lead to a price trajectory similar to the 2015/2016 cycle.
"Price movements are starting to look similar to the 2015/2016 cycle," he said
Meanwhile, another analyst under the pseudonym Roman gave an overview of the current situation in the Bitcoin market. In the analysis posted on the X platform, it indicates that the Bitcoin price on the 1-day (1D) chart has faced a crucial resistance level.
Also Read:Â Analyst Gives Price Target for Bitcoin Movement, Pay Attention to Key Levels!
This resistance was accompanied by a bearish signal in Price Action, indicating that a significant move could occur in the near future. Roman predicts a possible price drop back to the support level before a true reversal in the trend can occur.
$BTC
#BTC #ideuang #youtubeideuang #yttun
Bitcoin (BTC) which is the main cryptocurrency has made significant moves in its price movement. This was conveyed by a crypto analyst who is also the CEO of Eight Global, Michael van de Poppe, who shared his opinion on the X platform.
According to him, BTC's movement has managed to close above the 200-Week Exponential Moving Average (EMA), a key indicator historically associated with bullish trends.
âBitcoin closed above the 200 Sunday EMA, which is very important for bullish continuation,â said Poppe, Sunday (17/9/2023).
FYI, the 200-Week EMA is a widely monitored metric in the crypto market, and Bitcoin's ability to surpass this mark is considered a positive sign. In this case, Poppe indicated that this breakout could lead to a price trajectory similar to the 2015/2016 cycle.
"Price movements are starting to look similar to the 2015/2016 cycle," he said
Meanwhile, another analyst under the pseudonym Roman gave an overview of the current situation in the Bitcoin market. In the analysis posted on the X platform, it indicates that the Bitcoin price on the 1-day (1D) chart has faced a crucial resistance level.
Also Read:Â Analyst Gives Price Target for Bitcoin Movement, Pay Attention to Key Levels!
This resistance was accompanied by a bearish signal in Price Action, indicating that a significant move could occur in the near future. Roman predicts a possible price drop back to the support level before a true reversal in the trend can occur.
$BTC
#BTC #ideuang #youtubeideuang #yttun
See original
MicroStrategy Acquires Thousands of Bitcoins Again, Here's the Total Amount in Its Latest Purchase
On Monday (25/9/2023), MicroStrategy announced the purchase of 5,445 Bitcoin units worth US$147.3 million. The company made purchases at an average price of around US$ 27,053 per token. This purchase was made in the period between August 1, 2023 to September 24, 2023, as reported by MicroStrategy Co-Founder, Michael Saylor on Twitter.
More Profitable Bitcoin Conversion for holders
Apart from the purchase made by Michael Saylor, there is some debate regarding the conversion of Bitcoin to US dollars and rupiah. According to Suara.com, there are several considerations you need to think about when choosing whether to convert Bitcoin between these two currencies. Here are some things to pay attention to:
Current Bitcoin Price
First of all, it is important to monitor the current price of Bitcoin. If Bitcoin prices are high, then converting to IDR may be more profitable because you will get more rupiah for each Bitcoin converted.
Exchange Rate Fluctuations
Bitcoin exchange rates against IDR and USD can fluctuate rapidly. If you convert Bitcoin to IDR and then the rupiah exchange rate weakens against USD, you may feel disadvantaged. Therefore, it is necessary to consider the stability of the currency you choose.
Conversion Costs
Always consider the fees charged by the platform or exchange service when converting Bitcoin. These fees can vary between services, and lower fees can increase your profits.
Purpose of Money Exchange
What do you want to achieve with the Bitcoin conversion proceeds? If you need to use money in local currency (IDR) for local transactions, then converting to IDR may be more practical and make daily transactions easier. However, if you are planning international investments or transactions, then USD may be more useful as it is more widely accepted on a global level.
$BTC #ideuang #@ideuang #yttun #BTC
On Monday (25/9/2023), MicroStrategy announced the purchase of 5,445 Bitcoin units worth US$147.3 million. The company made purchases at an average price of around US$ 27,053 per token. This purchase was made in the period between August 1, 2023 to September 24, 2023, as reported by MicroStrategy Co-Founder, Michael Saylor on Twitter.
More Profitable Bitcoin Conversion for holders
Apart from the purchase made by Michael Saylor, there is some debate regarding the conversion of Bitcoin to US dollars and rupiah. According to Suara.com, there are several considerations you need to think about when choosing whether to convert Bitcoin between these two currencies. Here are some things to pay attention to:
Current Bitcoin Price
First of all, it is important to monitor the current price of Bitcoin. If Bitcoin prices are high, then converting to IDR may be more profitable because you will get more rupiah for each Bitcoin converted.
Exchange Rate Fluctuations
Bitcoin exchange rates against IDR and USD can fluctuate rapidly. If you convert Bitcoin to IDR and then the rupiah exchange rate weakens against USD, you may feel disadvantaged. Therefore, it is necessary to consider the stability of the currency you choose.
Conversion Costs
Always consider the fees charged by the platform or exchange service when converting Bitcoin. These fees can vary between services, and lower fees can increase your profits.
Purpose of Money Exchange
What do you want to achieve with the Bitcoin conversion proceeds? If you need to use money in local currency (IDR) for local transactions, then converting to IDR may be more practical and make daily transactions easier. However, if you are planning international investments or transactions, then USD may be more useful as it is more widely accepted on a global level.
$BTC #ideuang #@ideuang #yttun #BTC
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Dream of SHIB Price Skyrocketing 650 Percent, When?
The crypto asset market has witnessed a tumultuous ride in recent months, with prices fluctuating and capital flows fading.
However, it seems like the winds are turning, as a minor recovery has hit the market in recent days. Interestingly, this recovery has not spared meme-inspired assets like Shiba Inu (SHIB) and Dogecoin.
As the bullish sentiment returns, we will dig into SHIB's growth potential in the next 5â6 years, shining a bright light on the sparkling prospects for this cryptocurrency.
The past months have been challenging for crypto enthusiasts with prices experiencing volatility and market sentiment appearing bearish. Capital flows remained sluggish and trading volumes stagnated below average.
SHIB Price Dream
In this backdrop of uncertainty, the crypto market recorded a glimmer of hope in the form of the recent recovery.
Notably, this recovery gave its warm embrace not only to leading cryptocurrencies like Bitcoin and Ethereum, but also to Shiba Inu (SHIB).
For Shiba Inu investors, the future seems to be slowly getting brighter. When assessing the price growth potential, it becomes clear that the dream of SHIB price to grow impressively may come true in the next few years.
DigitalCoinPrice has conducted a comprehensive analysis of the SHIB price trajectory. While recent indicators may have suggested bearish sentiment, a broader perspective reveals a different narrative.
By 2024, DigitalCoinPrice predicts SHIB will clear one zero and rise to US$0.0000195. Over the next three years, they estimate the value of SHIB will grow from US$0.0000271 to US$0.0000375.
In 2028, this forecast reaches US$0.0000410, culminating in an impressive projection of US$0.0000565 in 2030. This incredible increase would represent an increase of 647.651 percent from the price at the time of writing. [st]
#ideuang #shiba #shibainu
The crypto asset market has witnessed a tumultuous ride in recent months, with prices fluctuating and capital flows fading.
However, it seems like the winds are turning, as a minor recovery has hit the market in recent days. Interestingly, this recovery has not spared meme-inspired assets like Shiba Inu (SHIB) and Dogecoin.
As the bullish sentiment returns, we will dig into SHIB's growth potential in the next 5â6 years, shining a bright light on the sparkling prospects for this cryptocurrency.
The past months have been challenging for crypto enthusiasts with prices experiencing volatility and market sentiment appearing bearish. Capital flows remained sluggish and trading volumes stagnated below average.
SHIB Price Dream
In this backdrop of uncertainty, the crypto market recorded a glimmer of hope in the form of the recent recovery.
Notably, this recovery gave its warm embrace not only to leading cryptocurrencies like Bitcoin and Ethereum, but also to Shiba Inu (SHIB).
For Shiba Inu investors, the future seems to be slowly getting brighter. When assessing the price growth potential, it becomes clear that the dream of SHIB price to grow impressively may come true in the next few years.
DigitalCoinPrice has conducted a comprehensive analysis of the SHIB price trajectory. While recent indicators may have suggested bearish sentiment, a broader perspective reveals a different narrative.
By 2024, DigitalCoinPrice predicts SHIB will clear one zero and rise to US$0.0000195. Over the next three years, they estimate the value of SHIB will grow from US$0.0000271 to US$0.0000375.
In 2028, this forecast reaches US$0.0000410, culminating in an impressive projection of US$0.0000565 in 2030. This incredible increase would represent an increase of 647.651 percent from the price at the time of writing. [st]
#ideuang #shiba #shibainu
See original
SHIB Price Could Be Raised UP If It Breaks This Level
Shiba Inu (SHIB) is currently a hot topic in the crypto world due to its price moving around a key point, and a group of investors holding 5.5 trillion tokens.
This group has attracted the attention of investors and analysts, sparking discussions about its potential implications for SHIB's future price movements.
SHIB Price Fate
According to a report by U Today, the group of investors holding 5.5 trillion SHIB represents a crucial point for this memecoin. This indicates a concentration of SHIB tokens at a certain price level, resulting in unique dynamics in the market.
To understand its significance, we need to introduce the concepts of In the Money (ITM) and Out of the Money (OTM).
"Before continuing, you should first follow our YouTube channel "@ideuang" so that we can continue to be enthusiastic about sharing information, keyword "@ideuang" in your YouTube application search.
An ITM address is an address where the current price of SHIB is higher than the average cost at the time the token was purchased.
In contrast, an OTM address is one where the current price is lower than the acquisition cost. This metric considers the proportion of prices in the range of about 15 percent.
Investor groups holding 5.5 trillion SHIB indicate that there is minimal resistance to the SHIB price. With fewer holders in this range, SHIB may have an easier time breaking out and climbing higher.
Currently SHIB is valued at around US$0.00000744, this memecoin could experience a significant surge in value, given favorable conditions.
"Surge in Whale Activity"
An additional factor contributing to the speculation surrounding SHIB is the surge in whale activity. Large transactions, often referred to as whale activity, have increased by 500 percent, as reported by data from IntoTheBlock.
Historically, when whales are active during periods of low market volatility, this indicates that they accumulate more assets.
$SHIB #ideuang #@ideuang #shib
Shiba Inu (SHIB) is currently a hot topic in the crypto world due to its price moving around a key point, and a group of investors holding 5.5 trillion tokens.
This group has attracted the attention of investors and analysts, sparking discussions about its potential implications for SHIB's future price movements.
SHIB Price Fate
According to a report by U Today, the group of investors holding 5.5 trillion SHIB represents a crucial point for this memecoin. This indicates a concentration of SHIB tokens at a certain price level, resulting in unique dynamics in the market.
To understand its significance, we need to introduce the concepts of In the Money (ITM) and Out of the Money (OTM).
"Before continuing, you should first follow our YouTube channel "@ideuang" so that we can continue to be enthusiastic about sharing information, keyword "@ideuang" in your YouTube application search.
An ITM address is an address where the current price of SHIB is higher than the average cost at the time the token was purchased.
In contrast, an OTM address is one where the current price is lower than the acquisition cost. This metric considers the proportion of prices in the range of about 15 percent.
Investor groups holding 5.5 trillion SHIB indicate that there is minimal resistance to the SHIB price. With fewer holders in this range, SHIB may have an easier time breaking out and climbing higher.
Currently SHIB is valued at around US$0.00000744, this memecoin could experience a significant surge in value, given favorable conditions.
"Surge in Whale Activity"
An additional factor contributing to the speculation surrounding SHIB is the surge in whale activity. Large transactions, often referred to as whale activity, have increased by 500 percent, as reported by data from IntoTheBlock.
Historically, when whales are active during periods of low market volatility, this indicates that they accumulate more assets.
$SHIB #ideuang #@ideuang #shib
See original
This New Meme Coin Beats Shiba Inu And All Other Coins, US$12 Million Trading Volume In 24 Hours
An unknown Ethereum developer under the pseudonym @CroissantEth, has revealed an innovative method for creating new ERC-20 tokens using artificial intelligence (AI).
In his explanation in a post, Platform
This process essentially involves instructions to ChatGPT to formulate an ERC-20 token that complies with the Open Zeppelin standard. Just to note, Open Zeppelin is an open-source framework designed to create secure smart contracts, containing a contract repository written in Solidity.
Reporting from decrypt.co, parameters such as the token name and other details are determined dynamically by values ââprovided by ChatGPT in the code constructor. Worth noting, @CroissantEth has launched a public token called AstroPepeX (APX), currently tradable on Uniswap.
Within 24 hours, the new meme coin managed to amass an impressive trading volume of US$ 12.9 million. The choice of the name âAstroPepeXâ was a result of ChatGPT's ability to generate names based on real data from the top ten thousand tokens traded on Uniswap, cross-referencing with market capitalization data from CoinMarketCap and CoinGecko.
Bot testing also produced interesting coin titles such as âInuverseâ and âQuantumPepe,â similar to well-known memecoins and concepts such as Dogecoin, Pepe, and metaverse. @CroissantEth expressed their fascination with ChatGPT's creative output, saying.
âThe number of Pepe generations is pretty funny, and it's really cool to see where GPT really puts real creativity into the data. "It started to feel like he was starting to have a mind of his own," he said.
$SHIB #ideuang #youtubeideuang #yttun
An unknown Ethereum developer under the pseudonym @CroissantEth, has revealed an innovative method for creating new ERC-20 tokens using artificial intelligence (AI).
In his explanation in a post, Platform
This process essentially involves instructions to ChatGPT to formulate an ERC-20 token that complies with the Open Zeppelin standard. Just to note, Open Zeppelin is an open-source framework designed to create secure smart contracts, containing a contract repository written in Solidity.
Reporting from decrypt.co, parameters such as the token name and other details are determined dynamically by values ââprovided by ChatGPT in the code constructor. Worth noting, @CroissantEth has launched a public token called AstroPepeX (APX), currently tradable on Uniswap.
Within 24 hours, the new meme coin managed to amass an impressive trading volume of US$ 12.9 million. The choice of the name âAstroPepeXâ was a result of ChatGPT's ability to generate names based on real data from the top ten thousand tokens traded on Uniswap, cross-referencing with market capitalization data from CoinMarketCap and CoinGecko.
Bot testing also produced interesting coin titles such as âInuverseâ and âQuantumPepe,â similar to well-known memecoins and concepts such as Dogecoin, Pepe, and metaverse. @CroissantEth expressed their fascination with ChatGPT's creative output, saying.
âThe number of Pepe generations is pretty funny, and it's really cool to see where GPT really puts real creativity into the data. "It started to feel like he was starting to have a mind of his own," he said.
$SHIB #ideuang #youtubeideuang #yttun
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Crypto Markets Are Quiet: All Eyes on Latest US Inflation Data
In recent days, the crypto market has experienced a marked slowdown. Price volatility, which has always been a hallmark of the crypto market, now appears lower than usual. All investors' eyes are currently focused on the latest inflation data from the United States (US) which is scheduled to be released on Wednesday, September 13.
Crypton trader Fyqieh Fachrur, explained that crypto market players are monitoring signs that might indicate whether the US economy will experience a "soft landing," where the Fed is able to reduce the inflation rate without hampering economic growth. Consumer Price Index (CPI) or inflation data, if the numbers are too high, can raise concerns that the Fed will keep interest rates higher for a longer time or increase interest rates in the coming months.
"This can reduce investors' interest in the crypto market and prefer safer assets. Apart from inflation, investors will also monitor other data that will be released this week, such as the producer price index and retail sales," said Fyqieh.
The Fed is expected to maintain its benchmark interest rate at a stable level at its meeting to be held on September 20. To date, investors still maintain their confidence in the market, despite recent crypto market fluctuations. However, some investors are also starting to be more careful and prepare themselves for possible changes in the future.
it is also related to RUMOR ftx.
#ideuang #cryptocurrency
In recent days, the crypto market has experienced a marked slowdown. Price volatility, which has always been a hallmark of the crypto market, now appears lower than usual. All investors' eyes are currently focused on the latest inflation data from the United States (US) which is scheduled to be released on Wednesday, September 13.
Crypton trader Fyqieh Fachrur, explained that crypto market players are monitoring signs that might indicate whether the US economy will experience a "soft landing," where the Fed is able to reduce the inflation rate without hampering economic growth. Consumer Price Index (CPI) or inflation data, if the numbers are too high, can raise concerns that the Fed will keep interest rates higher for a longer time or increase interest rates in the coming months.
"This can reduce investors' interest in the crypto market and prefer safer assets. Apart from inflation, investors will also monitor other data that will be released this week, such as the producer price index and retail sales," said Fyqieh.
The Fed is expected to maintain its benchmark interest rate at a stable level at its meeting to be held on September 20. To date, investors still maintain their confidence in the market, despite recent crypto market fluctuations. However, some investors are also starting to be more careful and prepare themselves for possible changes in the future.
it is also related to RUMOR ftx.
#ideuang #cryptocurrency
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Can These Two Cryptos Outperform Ethereum During the Next Bull Run?
In this article, we will explore the unique offerings of these two tokens and analyze which is the best cryptocurrency to invest in in 2023.
Ethereum (ETH) Price Analysis, Can It Be Reliable This Year?
Ethereum (ETH) has seen its price decline recently, dropping by 2,043 percent in four days, falling from US$ 1,622 on September 17 to US$ 1,589 on September 21.
A number of pessimistic analysts are warning that Ethereum's decline below the critical support level of US$ 1,600 may be a sign of the start of a long downward trend in the near future.
An anonymous large Ethereum holder had moved a large amount of 30,000 ETH tokens, worth around US$ 50 million from September 18 to September 21 to various crypto exchanges. This activity has raised concerns about increased selling pressure on Ethereum.
Solana (SOL) Price Outlook: Heading for a New Top or a Sharp Drop?
The price of Solana (SOL) has experienced a recent price increase, rising by 4.40 percent in seven days, from US$ 18.84 on September 14 to US$ 19.67 on September 21. Its impressive market capitalization ranking, which ranked Solana at 10th with a value of US$ 8.1 billion as of September 21, has contributed to its positive momentum.
Optimistic Solana supporters anticipate that the token will maintain its upward trend and reach levels above US$ 23 in the next two weeks. Visa's announcement of its partnership with Solana on September 5 was a game-changing development and cemented SOL's status as one of the best altcoins for investment consideration.
Meanwhile, Solana's pessimistic predictions show a potential decline below the US$ 17 level in early October. This pessimism has to do with the imminent liquidation of FTX's large, FTX-linked SOL holdings.
$SOL #ideuang #@ideuang
In this article, we will explore the unique offerings of these two tokens and analyze which is the best cryptocurrency to invest in in 2023.
Ethereum (ETH) Price Analysis, Can It Be Reliable This Year?
Ethereum (ETH) has seen its price decline recently, dropping by 2,043 percent in four days, falling from US$ 1,622 on September 17 to US$ 1,589 on September 21.
A number of pessimistic analysts are warning that Ethereum's decline below the critical support level of US$ 1,600 may be a sign of the start of a long downward trend in the near future.
An anonymous large Ethereum holder had moved a large amount of 30,000 ETH tokens, worth around US$ 50 million from September 18 to September 21 to various crypto exchanges. This activity has raised concerns about increased selling pressure on Ethereum.
Solana (SOL) Price Outlook: Heading for a New Top or a Sharp Drop?
The price of Solana (SOL) has experienced a recent price increase, rising by 4.40 percent in seven days, from US$ 18.84 on September 14 to US$ 19.67 on September 21. Its impressive market capitalization ranking, which ranked Solana at 10th with a value of US$ 8.1 billion as of September 21, has contributed to its positive momentum.
Optimistic Solana supporters anticipate that the token will maintain its upward trend and reach levels above US$ 23 in the next two weeks. Visa's announcement of its partnership with Solana on September 5 was a game-changing development and cemented SOL's status as one of the best altcoins for investment consideration.
Meanwhile, Solana's pessimistic predictions show a potential decline below the US$ 17 level in early October. This pessimism has to do with the imminent liquidation of FTX's large, FTX-linked SOL holdings.
$SOL #ideuang #@ideuang
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This man bought 5,000 BTC with capital of IDR 399 thousand in 2009, this is his fate now
One such amazing story belongs to Kristoffer Koch, an ordinary retail investor from Norway who in 2009 decided to invest a very small amount, around US$26, equivalent to IDR 399 thousand, into Bitcoin (BTC).
This man bought 5,000 BTC in 2009
According to a Zycrypto report, while working on his master's thesis at the age of 25, Kristoffer Koch accidentally discovered the concept of Bitcoin, a decentralized digital currency with the potential to disrupt traditional finance.
Initially, he was skeptical about Bitcoin's future despite having read Satoshi Nakamoto's 2008 whitepaper. However, he decided to invest a small amount, acquiring 5,000 Bitcoins.
However, like many people, Koch forgot about his investments because he focused on his career and other life goals.
It wasn't until four years later, in 2013, that Koch accidentally came across a news report about Bitcoin's impressive surge in value and decided to check his long-abandoned digital wallet.
âIn the most fantastic scenario, I could not have imagined that its value would rise to these heights,â Koch said in an interview with NKR.
With these results, Koch decided to exchange a small portion of his fortune for a luxury apartment located in the posh neighborhood of Oslo, Norway, preferring to HODL (keep) the rest.
âEvery morning, I go to the online bank and see that the (BTC) balance continues to grow,â added the young engineer.
While Koch's narrative highlights the potential of HODLing digital assets, this is not an isolated case.
Others like him initially underestimated the profound impact of blockchain technology and the incredible opportunities it brings by either selling too early or not buying BTC when the price was so low.
#ideuang #youtubeideuang #yttun #BTC
$BTC
One such amazing story belongs to Kristoffer Koch, an ordinary retail investor from Norway who in 2009 decided to invest a very small amount, around US$26, equivalent to IDR 399 thousand, into Bitcoin (BTC).
This man bought 5,000 BTC in 2009
According to a Zycrypto report, while working on his master's thesis at the age of 25, Kristoffer Koch accidentally discovered the concept of Bitcoin, a decentralized digital currency with the potential to disrupt traditional finance.
Initially, he was skeptical about Bitcoin's future despite having read Satoshi Nakamoto's 2008 whitepaper. However, he decided to invest a small amount, acquiring 5,000 Bitcoins.
However, like many people, Koch forgot about his investments because he focused on his career and other life goals.
It wasn't until four years later, in 2013, that Koch accidentally came across a news report about Bitcoin's impressive surge in value and decided to check his long-abandoned digital wallet.
âIn the most fantastic scenario, I could not have imagined that its value would rise to these heights,â Koch said in an interview with NKR.
With these results, Koch decided to exchange a small portion of his fortune for a luxury apartment located in the posh neighborhood of Oslo, Norway, preferring to HODL (keep) the rest.
âEvery morning, I go to the online bank and see that the (BTC) balance continues to grow,â added the young engineer.
While Koch's narrative highlights the potential of HODLing digital assets, this is not an isolated case.
Others like him initially underestimated the profound impact of blockchain technology and the incredible opportunities it brings by either selling too early or not buying BTC when the price was so low.
#ideuang #youtubeideuang #yttun #BTC
$BTC
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BTC Price Predicted to Increase to US$100,000, Here's the Reason
MONEY IDEAS - In the ever-changing world of crypto, enthusiasts and investors are always looking for insight into the future of the price of Bitcoin (BTC).
Crypto Rover, a well-known influencer in the crypto community, recently created a stir with a bold prediction that the price of BTC could soar to US$100,000.
His prediction is based on the increasing hype around spot Bitcoin ETFs and the entry of traditional financial giants into the crypto space.
BTC price predicted to reach US$100,000
According to a Coin Edition report, Crypto Rover shared its optimistic view on Bitcoin's price path.
His optimism hinges on the potential advantages that spot Bitcoin ETFs offer, including tax benefits and the ability to use leverage, making them an attractive prospect for institutional investors such as pension funds and family offices.
The involvement of traditional financial players in the crypto market through spot Bitcoin ETFs has the potential to inject large capital and increase market liquidity.
Crypto Rover suggests that this development could spike the price of BTC to US$40,000 in the next few weeks and possibly exceed US$100,000 in the long term.
Crypto Rover's optimism was reinforced by a report from Bloomberg, which estimated the total market size for spot Bitcoin ETFs could reach an impressive US$150 billion.
Drawing parallels with the gold ETF market, Bloomberg Intelligence proposes that if financial advisors in the US allocated just 0.5 percent of the US$30 trillion in assets they manage to Bitcoin ETFs, it would create a market worth US$150 billion.
At the time of writing, Bitcoin was trading at US$27,101, with a market capitalization of US$528 billion and daily trading volume of US$13.2 billion, according to CoinMarketCap data.
While the US$100,000 prediction by Crypto Rover may seem ambitious, it reflects the growing optimism and excitement within the crypto community regarding the future of Bitcoin prices.
$BTC #ideuang #@ideuang #youtubeideuang #yttun
MONEY IDEAS - In the ever-changing world of crypto, enthusiasts and investors are always looking for insight into the future of the price of Bitcoin (BTC).
Crypto Rover, a well-known influencer in the crypto community, recently created a stir with a bold prediction that the price of BTC could soar to US$100,000.
His prediction is based on the increasing hype around spot Bitcoin ETFs and the entry of traditional financial giants into the crypto space.
BTC price predicted to reach US$100,000
According to a Coin Edition report, Crypto Rover shared its optimistic view on Bitcoin's price path.
His optimism hinges on the potential advantages that spot Bitcoin ETFs offer, including tax benefits and the ability to use leverage, making them an attractive prospect for institutional investors such as pension funds and family offices.
The involvement of traditional financial players in the crypto market through spot Bitcoin ETFs has the potential to inject large capital and increase market liquidity.
Crypto Rover suggests that this development could spike the price of BTC to US$40,000 in the next few weeks and possibly exceed US$100,000 in the long term.
Crypto Rover's optimism was reinforced by a report from Bloomberg, which estimated the total market size for spot Bitcoin ETFs could reach an impressive US$150 billion.
Drawing parallels with the gold ETF market, Bloomberg Intelligence proposes that if financial advisors in the US allocated just 0.5 percent of the US$30 trillion in assets they manage to Bitcoin ETFs, it would create a market worth US$150 billion.
At the time of writing, Bitcoin was trading at US$27,101, with a market capitalization of US$528 billion and daily trading volume of US$13.2 billion, according to CoinMarketCap data.
While the US$100,000 prediction by Crypto Rover may seem ambitious, it reflects the growing optimism and excitement within the crypto community regarding the future of Bitcoin prices.
$BTC #ideuang #@ideuang #youtubeideuang #yttun
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PART II: 7 Strategies to Take Profit in the Crypto Market When the Bull Run Comes According to Traders
5. Flexibility in Taking Profits
Once you've reduced your portfolio risk and earned substantial returns, Kans recommends a more flexible approach with remaining assets. Stay alert for signals that indicate a possible market top.
When an altcoin shows a significant and sustained price increase, such as several times in a few days or weeks, consider selling a small portion of holdings (around 5-10 percent).
6. Recognizing Peak Signals
Kans warns against the euphoria and excitement often associated with market tops. When investors feel like taking screenshots of incredible rises or encountering fantastic promises of astronomical returns, it is a strong indicator that the market may be nearing a peak. These are the times to secure profits carefully.
7. Moonbag concept
Kans emphasizes that once profits have been realized from altcoins long term, avoid the temptation to reinvest them. Profit is profit. Instead, the concept of a âmoonbagâ comes into play.
Allocate a portion (around 5-10%) of profits as a moonbag and save it for potential future growth. If the asset appreciates significantly again, sell some of it while keeping the new moonbag. The key rule here is once sold, don't buy again.
#ideuang #youtubeideuang
5. Flexibility in Taking Profits
Once you've reduced your portfolio risk and earned substantial returns, Kans recommends a more flexible approach with remaining assets. Stay alert for signals that indicate a possible market top.
When an altcoin shows a significant and sustained price increase, such as several times in a few days or weeks, consider selling a small portion of holdings (around 5-10 percent).
6. Recognizing Peak Signals
Kans warns against the euphoria and excitement often associated with market tops. When investors feel like taking screenshots of incredible rises or encountering fantastic promises of astronomical returns, it is a strong indicator that the market may be nearing a peak. These are the times to secure profits carefully.
7. Moonbag concept
Kans emphasizes that once profits have been realized from altcoins long term, avoid the temptation to reinvest them. Profit is profit. Instead, the concept of a âmoonbagâ comes into play.
Allocate a portion (around 5-10%) of profits as a moonbag and save it for potential future growth. If the asset appreciates significantly again, sell some of it while keeping the new moonbag. The key rule here is once sold, don't buy again.
#ideuang #youtubeideuang
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7 Strategies to Take Profit in the Crypto Market When the Bull Run Comes According to Traders
1. Building a Long-Term Position in 2022 and 2023
Kans' strategy for 2022 and 2023 centers on long-term crypto portfolio expansion. During this period, the focus is on accumulating assets with a long-term view. It is important to note that Bitcoin is expected to lead the market throughout this phase.
2. Identify Potential Exit Points
To simplify the exit strategy, Kans suggested the main target, namely that some assets should be sold when Bitcoin approaches the ATH price, which is usually around US$ 60,000. At this stage, Kans is considering selling around 20 percent of its long-term portfolio. However, this decision is not only based on Bitcoin's performance, but also considers how altcoins reacted during this period.
This step actually has two objectives, namely to reduce portfolio risk and secure initial profits. Profit levels will vary, depending on how well individual altcoins have performed, with some likely seeing a 5 to 10x rise, while others may surge 50 to 100x.
3. Navigating the Altcoin Rally
After partial derisking, Bitcoin may consolidate around its ATH giving room for altcoins to rally. During this phase, it becomes very important to evaluate each altcoin individually and decide which to partially sell and which to keep.
4. Realization of Profits Gradually
By the time Bitcoin reaches for example US$ 100,000 and consolidates, investors will have around 30-40 percent of their portfolio safe. The remaining 60-70 percent will later be gradually secured when Bitcoin experiences its next strong rally, where this step creates opportunities for further profits.
NEXT article =>>>
#ideuang #youtubeideuang
1. Building a Long-Term Position in 2022 and 2023
Kans' strategy for 2022 and 2023 centers on long-term crypto portfolio expansion. During this period, the focus is on accumulating assets with a long-term view. It is important to note that Bitcoin is expected to lead the market throughout this phase.
2. Identify Potential Exit Points
To simplify the exit strategy, Kans suggested the main target, namely that some assets should be sold when Bitcoin approaches the ATH price, which is usually around US$ 60,000. At this stage, Kans is considering selling around 20 percent of its long-term portfolio. However, this decision is not only based on Bitcoin's performance, but also considers how altcoins reacted during this period.
This step actually has two objectives, namely to reduce portfolio risk and secure initial profits. Profit levels will vary, depending on how well individual altcoins have performed, with some likely seeing a 5 to 10x rise, while others may surge 50 to 100x.
3. Navigating the Altcoin Rally
After partial derisking, Bitcoin may consolidate around its ATH giving room for altcoins to rally. During this phase, it becomes very important to evaluate each altcoin individually and decide which to partially sell and which to keep.
4. Realization of Profits Gradually
By the time Bitcoin reaches for example US$ 100,000 and consolidates, investors will have around 30-40 percent of their portfolio safe. The remaining 60-70 percent will later be gradually secured when Bitcoin experiences its next strong rally, where this step creates opportunities for further profits.
NEXT article =>>>
#ideuang #youtubeideuang
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After being inactive, now the Shiba Inu Whale seems to be starting to move
Shiba Inu (SHIB) managed to survive the crypto market downturn and managed to show extraordinary resilience compared to other cryptocurrencies. Even though the SHIB price experienced a downtrend, the meme asset ecosystem is showing signs of vitality, especially in whale activity and growing adoption of the Shibarium protocol.
"Before continuing, you should first follow our YouTube channel "@ideuang" so that we can continue to be enthusiastic about sharing information, keyword "@ideuang" in your YouTube application search.
According to Whalestats, whale activity increased by 48 percent. Specifically, the total number of large transactions (those with a monetary value of at least US$ 100,000) on the Shiba Inu protocol has jumped from 11 on September 9 to 31 at the time of writing this article. These whale transactions include a cumulative amount of US$ 10.96 million, which significantly contributes to the overall trading volume of the meme coin ecosystem.
The increase in whale activity has had a significant impact on SHIB trading volume, which is up only 1.8 percent in the last 7 days.
Could Shiba Inu Reach a Price of USÂą10?
It cannot be denied that Shiba Inu's rise has been impressive, especially during 2021 when it became one of the top cryptocurrencies. His journey was marked by broader market trends, where even unconventional stocks and assets saw unexpected rallies.
However, the situation has changed since then, with Shiba Inu currently hovering around 92 percent below its peak value. With fans' expectations regarding a spectacular comeback at 13,760,000 percent, it is important to evaluate the reality on the pitch.
Shiba Inu, while built to be more versatile than its predecessor, Dogecoin, has yet to capitalize on its potential much. Its compatibility with strong networks promises possibilities, but current adoption rates remain underwhelming.Â
$SHIB
#ideuang #youtubeideuang #shib
Shiba Inu (SHIB) managed to survive the crypto market downturn and managed to show extraordinary resilience compared to other cryptocurrencies. Even though the SHIB price experienced a downtrend, the meme asset ecosystem is showing signs of vitality, especially in whale activity and growing adoption of the Shibarium protocol.
"Before continuing, you should first follow our YouTube channel "@ideuang" so that we can continue to be enthusiastic about sharing information, keyword "@ideuang" in your YouTube application search.
According to Whalestats, whale activity increased by 48 percent. Specifically, the total number of large transactions (those with a monetary value of at least US$ 100,000) on the Shiba Inu protocol has jumped from 11 on September 9 to 31 at the time of writing this article. These whale transactions include a cumulative amount of US$ 10.96 million, which significantly contributes to the overall trading volume of the meme coin ecosystem.
The increase in whale activity has had a significant impact on SHIB trading volume, which is up only 1.8 percent in the last 7 days.
Could Shiba Inu Reach a Price of USÂą10?
It cannot be denied that Shiba Inu's rise has been impressive, especially during 2021 when it became one of the top cryptocurrencies. His journey was marked by broader market trends, where even unconventional stocks and assets saw unexpected rallies.
However, the situation has changed since then, with Shiba Inu currently hovering around 92 percent below its peak value. With fans' expectations regarding a spectacular comeback at 13,760,000 percent, it is important to evaluate the reality on the pitch.
Shiba Inu, while built to be more versatile than its predecessor, Dogecoin, has yet to capitalize on its potential much. Its compatibility with strong networks promises possibilities, but current adoption rates remain underwhelming.Â
$SHIB
#ideuang #youtubeideuang #shib
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Crypto Rules Between G20 Member Countries Will Take Effect in 2027
Leaders in G20 member countries, including United States President Joe Biden, have provided support for crypto asset policy recommendations.
âWe support the Financial Stability Council's high-level recommendations for the regulation, supervision and supervision of crypto asset activities and markets and the regulation of global stablecoins,â said a declaration at the G20 forum, citing a report by the Financial Times on Sunday (10/9).
Crypto Rules from G20 Member Countries Come into Effect in 2027
Reporting from a Forbes report, this policy recommendation requires exchanges and companies to share information about crypto transactions between countries starting in 2027.
G20 leaders under India's presidency have also made a request to the FSB and standards bodies to ensure these recommendations are implemented consistently and in a timely manner to prevent opportunities for exploitation of regulatory differences.
Additionally, G20 leaders also urged rapid implementation of the CryptoAsset Reporting Framework (CARF) and changes to the Common Reporting Standard (CRS).
Earlier this week, the FSB and the International Monetary Fund (IMF) recommended cross-border cooperation and exchange of information regarding crypto assets.
In the recommendation, the FSB said that a complete crypto ban would be expensive and difficult to enforce.
However, the report also said that crypto assets should not be used as official currency or legal tender. The report states that central banks should avoid cryptocurrencies.
India's Finance Minister, Nirmala Sitharaman emphasized that effective regulation of Bitcoin and crypto requires global cooperation from all countries. Therefore, crypto asset policy will be discussed further at the October 2023 meeting in Morocco.
#G20 #aturancrypto #ideuang #cryptocurrency
Leaders in G20 member countries, including United States President Joe Biden, have provided support for crypto asset policy recommendations.
âWe support the Financial Stability Council's high-level recommendations for the regulation, supervision and supervision of crypto asset activities and markets and the regulation of global stablecoins,â said a declaration at the G20 forum, citing a report by the Financial Times on Sunday (10/9).
Crypto Rules from G20 Member Countries Come into Effect in 2027
Reporting from a Forbes report, this policy recommendation requires exchanges and companies to share information about crypto transactions between countries starting in 2027.
G20 leaders under India's presidency have also made a request to the FSB and standards bodies to ensure these recommendations are implemented consistently and in a timely manner to prevent opportunities for exploitation of regulatory differences.
Additionally, G20 leaders also urged rapid implementation of the CryptoAsset Reporting Framework (CARF) and changes to the Common Reporting Standard (CRS).
Earlier this week, the FSB and the International Monetary Fund (IMF) recommended cross-border cooperation and exchange of information regarding crypto assets.
In the recommendation, the FSB said that a complete crypto ban would be expensive and difficult to enforce.
However, the report also said that crypto assets should not be used as official currency or legal tender. The report states that central banks should avoid cryptocurrencies.
India's Finance Minister, Nirmala Sitharaman emphasized that effective regulation of Bitcoin and crypto requires global cooperation from all countries. Therefore, crypto asset policy will be discussed further at the October 2023 meeting in Morocco.
#G20 #aturancrypto #ideuang #cryptocurrency
