Bitcoin Ready to Surge as SHIB and LUNC Burns Cause Worry

The cryptocurrency market is abuzz with anticipation as Bitcoin (BTC) gears up for a potential price surge. Amid this excitement, the Shiba Inu (SHIB) and LUNC token burns are causing jitters within the community, highlighting the unpredictable nature of digital assets.

In this turbulent landscape, ETFSwap (ETFS) is emerging as a beacon of stability, offering investors a reliable alternative to navigate through the market’s uncertainties.

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Bitcoin’s (BTC) Potential Path To New All-Time Highs

A crypto expert who forecast this year’s Bitcoin pre-halving adjustment thinks BTC is rising. Bitcoin (BTC) has broken out of a declining trendline on the daily chart, according to anonymous trader Rekt Capital on X.

The expert believes a new trading zone with a maximum range of $71,500 will arise if Bitcoin (BTC) meets $65,000 support. He also believes Bitcoin’s recent ascent to $60,000 suggests it could replicate previous cycle trends and hit new all-time highs.

Rekt Capital also predicted temporary Bitcoin (BTC) drops when the reaccumulation zone was restored but believes Bitcoin (BTC) has the potential to surge past its current value of $65,044.

Shiba Inu (SHIB) And LUNC: A Tale Of Two Crypto Burns

Terra Luna Classic (LUNC) and Shiba Inu are dominating the crypto-burning space. Its price is affected by Shiba Inu’s Layer-2 blockchain, Shibarium, burning transaction fees. Shibarium developers burnt 9.35 billion tokens on January 10, 2024, enhancing community optimism before the auto-burning process.

Shiba Inu burnt 76.4 billion coins in 2023, lowering the total quantity to 589.27 trillion from 999.98 trillion. Vitalik Buterin, Ethereum founder, received half of the first supply and contributed 10% to India’s Coronavirus assistance.

X’s computer systems engineer bemoaned SHIB’s burning rate in comparison to LUNC, citing the latter’s unhappiness despite a lesser supply.

The LUNC community burnt 1.05 trillion of 6.78 trillion tokens, leaving 5.73 trillion in operation. Even though Binance burns LUNC from trading fees monthly, price appreciation has slowed down, rising only 3.8% over the past year.

The late 2024 Shibarium L2 auto-burn mechanism is expected to consume billions of tokens everyday, according to Shiba Inu investors. The system is operational on Shibarium’s ‘Puppynet’ testnet, however each on-chain activity’s burn rate is unknown.

ETFSwap (ETFS) Shines As A Safe Haven In Uncertain Times

ETFSwap (ETFS) is a stable investment amid SHIB and LUNC market volatility. This decentralized platform lets users trade and invest in bitcoin and ETFs, including institutional tokenized Specialty and Currency ETFs for cryptocurrencies, lowering risk.

Trading operations and transactions at ETFSwap (ETFS) are secure, anonymous, and transparent using blockchain technology. CyberScope, a major cryptocurrency auditing authority, audited ETFSwap’s (ETFS) smart contracts, confirming its strong cyberdefenses and solid infrastructure.

The acclaimed auditing firm SOLIDProof awarded ETFSwap (ETFS) a compliance certificate after KYC verification. The ETFSwap ecosystem now offers customers more privacy, adaptability, and ownership over their portfolios and assets.

Additionally, ETFSwap’s (ETFS) AI-powered ETF Screener and Tracker, with real-time data, powerful predictive models, and sentiment analysis, revolutionizes crypto market navigation. ETFSwap (ETFS) also offers tokenized assets with stocks from respectable financial markets with MiCa-compliant enterprises.

An ETF is expected to be launched by ETFSwap (ETFS) in 2025 strengthening its standing as a safe investment during market uncertainty.

Conclusion

As Bitcoin (BTC) prepares for a price takeoff and Shiba Inu and LUNC token burns unnerve investors, ETFSwap (ETFS) may be a safer option with high return potential. ETFSwap (ETFS) enables staking, trading institutional tokenized ETFs, and investing in its native ETFS token. ETFS token presale buyers can earn stake incentives and passive income. Token holders also have voting rights, allowing them to participate in the ETFSwap (ETFS) system.

Currently ETFS tokens are being offered at a discounted price of $0.01831 with the round expected to end shortly. Before the price rises to $0.03846 in the next round, investors should buy ETFS tokens during this round and yield high returns on their initial investments.

For more information about the ETFS Presale:

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