The Shiba Inu burn has become a community culture for holders of the meme coin since it began two years ago. This tradition is aimed at reducing the total supply of SHIB tokens and consequently affecting positive price movement. August saw a sharp climb in the number of SHIB tokens burned, thereby causing some community excitement.
Meanwhile, the viral new presale ETFSwap (ETFS) has been another exciting market opportunity with impressive profit prospects. The potential of this emerging token has attracted several investors who look to benefit from its huge profit margin.
Over 680 Million Shiba Inu (SHIB) Inu Tokens Burned In August
As Shiba Inu holders continue to incinerate their tokens to further bring the total supply of the meme coin down, they have hit a high number for August. The official website for tracking Shiba Inu burns, Shibburn, released its August report, which shows a significant climb from last month’s numbers.
According to Shibburn, 68,798,109 SHIB tokens were burned in August, $9,347 worth of the meme coin. While the numbers look mild, it’s a 79.41% increase from the amount of burned tokens recorded in July. Interestingly, August had a slow start to the Shiba Inu (SHIB) burns, but things picked up towards the end of the month.
It recorded the biggest burn on the 31st of August, with the largest single-day burn of 300 million SHIB tokens. This shows last-minute efforts from the Shiba Inu community as they hope to keep the burn culture alive. Also, Shiba Inu holders have burned a total worth of $5.4 billion SHIB tokens since the culture began two years ago.
The preserved burn culture has helped price action in the past year, especially as crypto investors hope for a bull run. As of this writing, Shiba Inu (SHIB) is trading at $0.0000131, showing a 70% price gain in the past year.
ETFSwap (ETFS) Presale Sees Frenzy As Investors Discover The New Opportunity
The new ETFSwap (ETFS) has triggered a market frenzy because investors are excited about an opportunity to invest in a unique crypto platform. Leveraging the Ethereum network, ETFSwap (ETFS) aims to deliver the ETF market on-chain. This redefined ETF model will facilitate decentralized access to ETF trading and investments.
ETFSwap (ETFS) will list tokenized ETF assets backed by actual securities purchased from traditional markets. This means that the tokenized assets maintain their actual value and can be owned, traded, and managed in the same as the traditional assets. However, buying on ETFSwap (ETFS) offers much more utility and profit opportunities.
Being a decentralized blockchain-based platform, the ETFSwap (ETFS) will offer some impressive features that are unavailable to users on centralized trading platforms. Some of these include quick crypto-to-ETF swaps, staking for up to 87% annual percentage rate (APR), access to liquidity via lending, and zero-KYC trading.
The no-KYC platform has received the most attention from crypto enthusiasts who prefer to maintain their anonymity while trading. At the same time, ETFSwap (ETFS) offers a different experience to traders and investors who are used to centralized platforms.
More so, ETFSwap (ETFS) promises new features like the AI-powered ETF Screener and ETF Finder. These algorithms are capable of reading and analyzing large-volume data and then providing recommendations based on trends, pattern recognition, and historical data. These tools will be readily available to inform trader decisions, and early adopters are excited to test once the beta launch goes live a few weeks from now.
Additionally, the ETFSwap (ETFS) team has passed KYC verification by SolidProof, which included project ownership verification and individual identification of team members.
Conclusion
Shiba Inu (SHIB) has burned almost half of its original supply, and the community is looking to deflate the supply further to help price. Amid the community frenzy, ETFSwap (ETFS) has caught attention as a unique profit opportunity, sharing similarities with Shiba Inu (SHIB) before its massive rise in 2021. The ongoing ETFSwap (ETFS) presale is the best opportunity for investors as experts predict a massive 50,000% price move for the token.
Buy ETFSwap (ETFS) for $0.03846 on presale before the price rises to $0.03846.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.