hey siri should i buy more shib while i can't give financial advice on shiba inu my answer is yes but
always do your own research after all i'm just some digital voice on your iphone who sometimes
sounds like jesse from toy story it's been a while since we talked about shiba inu coin so that's
what we're talking about today a burn update and a crucial turning point that you need to be aware of
as well as the fact that yes we need to talk more about coin market cap a new thing that's
been talked about over the last couple days but a different angle and a new discovery that i want to
share with you today but first let's talk about a price prediction right now we're sitting at 3049.
i'm going to drop the zeros and call it what it is you can see over the last 14 days we have a
resistance level right around that 27 to 2600 and then a support level right around 3 100 to 3 200.
on december 20th i said this so i think what we're going to actually end up seeing
is a support level right around get ready for it 27.73 that's where i think we're going to hang out
for a little period of time between 27 73 and 31.46 so 3146 to 27.73 is the zero and
i know that's kind of a widespread but i think that's kind of where we're going to hang out
through the rest of december into mid-january that was december 20th and it looks like we're kind of
hanging out right here in fact there's a little bart simpson going on right there but anyway what
i'm looking for is i'm going to stick with that price prediction obviously december 20th which
means that in i said in mid-january we should see a little bit more about robinhood but we don't
know and quite honestly i don't really care what robinhood does if they decide to list shiba inu
that's fine if they decide not to that's also fine the point though is is if they do there's a lot
more retail investors that only use that platform and if it does that will bring us up i think into
the five thousand and then we could then look at the seven thousands and a new all-time high
but all in good time you also got to remember that there's a lot of development behind this going on
we have a new blockchain coming specifically for shibu eno it's going to turn it from a token
into a coin we have a lot more developments coming and we'll talk about in other videos
so there's a lot going on in this world that will continue to bring some light into the
overall sheba e-new environment not only that whales are continuing to buy up this particular
token and when they do that that means the people that hold a lot of money have some type of trust
in what they're investing in but remember you got to do the same thing only put money in that you're
okay losing if you put in 10 bucks 100 bucks 10 000 you got to be okay if it all goes down to
zero and if it all goes down to zero and you feel okay with that then that's good i don't want you
getting into it going on tilt and being stressed out not being able to sleep because it dipped in
place so make sure you're smart because remember if you can't hang out with the bears you'll never
be able to ride with the bulls think about it now another really cool thing about chibi inu is the
fact that we have a burn mechanism now a lot in the news right now we've been talking a lot about
inflation right inflation of the united states dollar another seven percent up on inflation in
december 2021 it keeps going up so the nice thing about shiv is it has a deflationary process it has
a burn mechanism set up now i know minting one quadrillion tokens from the get-go was quite
absurd but you also got to remember shiba inu was initially created like a meme token and a
meme token that was going after dogecoin and kind of piggybacking off of dogecoin and its meme coin
introduction and hype and everything like that but ever since that introduction of the mean
token it's become now more of an actual use case a utility has a blockchain coming up
there's a lot going on so what has happened now is we're stuck with these one quadrillion tokens
you can't just all of a sudden say okay now we're now we don't want to be a meme anymore
we're going to erase all this in order to do that you actually got to put up your money
to burn the tokens down but the beautiful thing is is the developers have created burn mechanisms
right now there are three burn wallets you can follow me on twitter where i regularly post about
the burns and the updates on our current overall supply and as these burn mechanisms continue to
pull out overall tokens of that one quadrillion supply the better we're gonna be there's also
another website you can check out and shipburn.com right here we are on shipburn.com and you can see
the latest burn transactions it kind of comes through automatically now the one thing i wish
that they would add on this so if shipburn if you're watching this video what i would
love you to add is the actual supply going on right now circulating supply is different from
the max total supply is different from the total supply so what i mean by that is you
have one quadrillion tokens minus out all three burn wallets that leaves you with 589 trillion
but what you see here on circulating supply is 547. what's the difference between the five
40s and the 580s are the tokens that are either staked earning interest locked up but at any
period of time those tokens can come back in to the overall circulating supply and that's the
difference between 540 and 580 as of the recording of this video so what i'd like to see is the
actual potential burn the difference between one quadrillion and 580 trillion but you can
also get involved yourself you can send your own money if you wish to do so it's totally your call
to a burn wallet and when you do that you burn away tokens if you follow me on twitter i just
recently launched a post if i get a thousand likes on this particular post right here i will burn one
million sheba e new tokens so follow me on twitter like the post retweet it so more people like it
and force me to burn a million tokens remember i'm also giving away 1 million tokens this coming
tuesday on an upcoming live stream celebrating 100 000 subscribers right here on the channel
another upcoming burn party is actually thanks to i am stephen cooper now this guy does not
know i'm mentioning him on this video this is not sponsored at all but i like what he's doing he's
actually created bigger entertainment the first crypto record label now right here is a great
point because a lot of people when i talk about burning says oh my gosh to go from one quadrillion
or even for that matter 589 trillion down to something that would really bring that price up
and be valuable for the people that are investing in it's gonna take a long long long long long time
well this is what he's addressing if one million people burn one million sherb that's a trillion
right there don't tell me burning trillions is impossible take a thousand years blah blah blah
get involved or shut up at this point so right here on their website i'll link it down in the
description below if you want to check it out but you can contribute to this burn pot it's tickets
to their burn party what they're going to do is take all that money and burn it away all in one
single transaction which is verifiable on ether scan right up here at the top but let's get this
up right now in the burn pot for february 14th it's 19.3 only 19 million so contribute to the
burn pot tickets are only five dollars a piece but let me put my money where my mouth is and
buy a few tickets myself now if everybody bought like one ticket this could actually
really go up in price quite a bit i actually use the point debit card i actually get rewards on
my debit card and you can do the same thing in fact they're giving away 100 once you sign up
and complete your first transaction now this does come with a 49 annual fee but you'll get a hundred
dollars in cash back rewards when you make your first transaction link down in the description
below if you want to get started with the point debit card i've been using it well over a year now
and i absolutely love it gives me a budget and at the same time it gives me cash back but now let's
talk about the big news that has been going on with coin market cap and a few discoveries
that you need to know about i'm not just going to repeat the news i'm going to give you a little bit
more of a deeper dive now semi-old news is this right here ship token the official twitter of
shiba inu came out with this saying coinmarketcap has knowingly listed three fake contract addresses
per ship and none of these are valid for use and that's kind of a big deal let me take you
over and show you what they're talking about you can see right over here where it says more
look at that there are three different contract addresses now that is a little scary because what
you need when it comes down to this kind of stuff is developer support of the actual token so you
can see there's a red banner up here now please note that the non-ethereum which are all three
of these are wormhole addresses now that's not necessarily a bad thing in and of itself so let me
back up a second and talk about what actually is a wormhole in case you're wondering what the
heck that is and these crypto bridges allow you to use a non-native token on a different blockchain i
this is kind of a weird way to describe it but for beginners what i would say is it's like being able
to use your united states currency in a foreign land like japan or something like that kind of
like that but kind of not but try to make it as relatable as i can here but let's say for example
we know shibu inu is is an ethereum token an erc20 token so here we have ethereum right
and what you want to do is you have the ship token on ethereum that is its native land that's
where it's hanging out that's a blockchain it likes well but you want to use it over here
on let's say solana okay so we have the solana sol blockchain now why would you want to do that
in the case of ethereum for example let's say you own some ethereum and you want to move it
over to the solana network the reason you may want to do that is for a couple reasons there
could be some services that offer you interest and a greater interest rate for staking those ethereum
coins over on solana's blockchain there's also other ways such as cheaper transaction fees and
things like that so what they do is a wormhole is almost acting like a little bit of a crypto
bridge which allows you to take your ethereum for example that's my best drawing of an ethereum
and take it over to the solana network and do what they call wrapping they're gonna wrap it up and
basically that allows you to use that ethereum on a non-native blockchain to take advantage of like
i said lower fees or more interest for staking the thing is though with shiba inu you could
theoretically do the same thing okay so let's say that's a shiva enu token you could use the same
wormhole crypto bridge to trade it on solana if it was legit and that's what i'm a little bit worried
about is the fact that the official developer is saying this isn't right in fact if you scroll
over to their official site here scroll down a little bit they're actually blocking them
out and saying no no no it's an erc token only that means that they're not actually accepting
the wormhole as an opportunity which means if you send your shebinu across this bridge thinking you
can get away with trading on the binance or the terra or the solana blockchain you might actually
be irreversible and lose money that's something we don't want now if you trade him weeble or you
trade in coinbase and you're like what don't worry typically you don't have to worry about
this is for more advanced users that use metamask and things like that that are a little bit more
into the crypto space doing all kinds of different transactions and that kind of makes sense because
what's happening here well shiba inu is working on their own blockchain to get away from the direct
erc ethereum to have their own layer to have cheaper fees than ethereum so why would they be
messing around with wormhole addresses and being able to move it to a blockchain before they even
build their own blockchain but you know i like to dig deep look under the herd smell things out
let's do just that if you're not aware there's a website called the internet archive wayback
machine where you can look at a website in its form of a particular time as long as they have
a snapshot for it so what i'm going to do is i'm going to copy the address of this
particular shiba inu coin market cap web address we're going to plug it in to the wayback machine
right there it is coinmarketcap.com currencyslash should be you know i'm gonna hit browse history
and this is where things might get a little bit interesting what we're going to do is we're going
to see where these three popped in so if we go back here to 2021 and wow there's a huge update
here on december 19th i'm going to choose this one right here we'll open it in a new tab let's see uh
let's also look at like october 28th when things were looking pretty good for shibu inu and then
i also want to look at let's say january 3rd so i'm going to open these up they do tend to take a
long time to update because of course it has to go into its archive and pull them up but you can see
right here we're on the wayback machine looking at how shiba inu looked on this particular day
ah do you remember these days when i was at 73 75 but wait a minute if we look right here here
we are and this particular day that we're looking at is that october 28th date but check this out
there's no more right here all you have is the ethereum contract nothing going on here let's
go back to january 6th and see the latest we can get to is right here unfortunately there are no
available snapshots between january 6th and january 12th but right here it is there's no more
on january 6th snapshot on the wayback machine nothing there but then if you hop over here
to around january 12th between january 6th and january 12th they add these on but the developers
saying these aren't legitimate oh wait a minute that looks a little bit different a crc 20 on
kronos but wait a minute when we look at the live website i don't see corners so the point is why
are you listing chronos which that is also a very sketchy one and then yet we have these three too
do you see what i'm saying here guys this is just yet another thing so you're gonna see me start to
use coingecko.com because i am sick and tired of this this is just a little bit smelly to me
something sketchy with it and the fact that the developers are not agreeing with coin market cap
that's what worries me now wormhole addresses again are perfectly safe are perfectly fine
except for the fact that when the developer has not authorized it which could mean that
you're sending your money to something unknown what do you guys think comment down below make
sure you subscribe for more updates and check out this video next we'll see you on the next video