Shiba Inu’s name features among the most prominent [meme coins](/news/article/meme-coins). In the bullish market of late 2021, the coin made notable gains and expanded its SHIBArmy. But amidst the recent crypto winter, the token is struggling to sustain itself.  

To keep the Shibaverse coin afloat, its developers are working to intensify the burning process. It is used by many other digital tokens to increase a coin’s worth by limiting its supply. For this reason, SHIB developers have also set up a Shiba Inu Coin burn portal that runs on a reward system. 

Here’s everything you need to know about SHIB burning!

## The Shiba Inu Coin burn mechanism

Coin burning is a standard procedure through which cryptocurrencies can remove tokens from the market to increase the price. The Shiba Inu token also uses a similar strategy to sustain its price. It has a decentralised exchange (DEX), ShibaSwap, which has recently introduced a burn portal. Through the [ShibaSwap burn portal](https://burn.shibaswap.com/), you can easily eliminate tokens and get incentives. 

## How does SHIB burn Portal work? 

The SHIB burning portal has three null wallet options. Among them, two are dead wallets, and one is a black hole wallet. First is the most commonly used dead wallet, which Vitalik Buterin also used to burn $6.7 billion tokens. The second one is for ShibaSwap listings. Whereas the Black Hole is for Shiboshi NFTs renaming. 

To burn Shiba tokens, you have to transfer them to a dead wallet. A dead wallet, aka a burning wallet, does not have a private key. So, sending your tokens to such a wallet makes them unretrievable and instantly wipes them off the market. 

The portal will give you burntSHIB tokens as incentives as you burn.

## Shiba Inu Coin burning reward system

The ShibBurn portal can give you RYOSHI tokens as rewards. However, burning SHIB would not directly yield RYOSHIs. Instead, at first, it will provide you with burntSHIB tokens. After that, you can stake these tokens in your Ethereum wallets to get RYOSHI token rewards. The yield on your burntSHIB holdings can be up to 19%.

## What’s the Shiba Inu Coin burn rate?

The Shiba Inu Coin burn portal was introduced in April this year. Since then, the SHIB Army has successfully removed more than 59 billion tokens from the circulating supply. Despite that, the current burn rate of the coin is -68.59%. Also, its price has not increased as much as the community and developers expected. 

Contrastively, as of the end of the first half of 2022, around 70 billion SHIBs have been burned. So far, the highest amount of coins has been burnt in May. 
 
![shib coin burn.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/shib_coin_burn_4db5f47ec3.png)

[Source](https://www.datawrapper.de/_/hdopE/)

## What lies ahead for Shiba Inu?

Despite having a distinguished burning portal, Shiba Inu’s price has not recovered yet. SHIB’s current price is only $0.00001078, with a market cap of $5,920,266,602. As per the SHIBQueenie estimates, for its price to even reach the $0.001 mark, over 88 trillion coins need to be burnt annually for six years. 

However, this will remove over 90% of the tokens and might not get the desired result as its hype declines. So,  a coin burn might not be the only solution for its revival. That’s why the developers need to work on more projects like Shibarium and Shiba Inu Metaverse. 







Shiba Inu Coin Burn: How does it work?

If you were looking at the Algo price and wondering whether to invest in this cryptocurrency during this bear market, it just might be one of the best choices for you.

Still, the coin has to perform up to expectations, so we looked and made some of Algorand’s price predictions from 2022 to 2030.

[Algorand](/news/category/altcoin-news) stood at $0.3122 with a 24-hour trading volume of $69,136,042. Algorand was rising by 2.62% at the time of writing. The current [CoinMarketCap](https://coinmarketcap.com/) ranking is #30, with a live market cap of $2,168,961,784. It has a circulating supply of 6,95 billion Algo coins.

We could say that Algo was growing steadily but at a slower pace during the last few months. Also, the current crypto winter and the overall bear market significantly impacted the token.

Back in March 2020, the token hit the ground with the $0.1024 record low. On the other side, back in June 2019, the price stood at its highest - $3.28.

The token picking some momentum, though; therefore, we think the price direction will look bullish during the next few years. 

## 2022 Estimate

We predict Algo coin in 2022 will be $0.32 at the end of the year. At the time of writing, however, ito was down by around 80% from its opening price in January 2022. Still, we believe the company’s acquisition of John Alan Woods, technical director of Cardano, who joined Algorand as CTO, will benefit the price rise.

## 2023 Estimate

In 2023, we predict the token price will hover around $0.45-$0.52. Algorand recently became an official Fifa blockchain, and we anticipate this will offer greater exposure to the broad public.

## 2024 Estimate

Our Algo prediction for 2024 is $1.02. Even though the token was called an Ethereum killer, Cardano still stands as a heavy competitor. However, since Wood’s transfer, we think it will manage to break a critical $1 psychological limit.

## 2025 Estimate

We predict that in 2025, the token will stand at $1.24. We predict that, with numerous developments within the blockchain space, including developer forums and Algorand IDE, Algorand will show up to the task.  

## 2026 Estimate

We predict that in 2026 Algo will be worth $1.56. his will probably show how the token competes against other cryptos regarding Web3, including Metaverse, gaming, and the NFT market. 

## 2027 Estimate

Our Algo price prediction for 2027 stands at $2.09. Algo may profit from its apps library; some trending ones such as Folk’s finance, Yieldly, and Humble Defi.



Algo price rising steadily in next five years

The Ripple Coin developers have a long-term incentive strategy in place. The system is moving from the Proof of Capacity (PoC) consensus to Conditional Proof of Capacity (CPoC).

However, things are different in PoC. The process begins by storing a list of probable solutions on the hard drive of the mining device, which occurs before the start of mining. As a result, during the execution phase, the miner only retrieves the right solution.

The more hard drive space available, the more possible solutions may be stored. As a result, the greater the odds of successfully mining a block.

The mining method is resistant to Application-specific integrated circuits (ASICs). As a result, it may mine a coin using a simple desktop computer, corresponding to Satoshi's concept for blockchains. He wanted everyone to be able to mine from any computer they possessed.

It significantly increases transaction times and mining efficiency. They are implying that miners can validate transactions more quickly. Furthermore, [XRPHD](https://www.coinspeaker.com/ieo/xrphd/) creators claim that XHD coin mining is fair as there is no monopoly. Everyone is welcome to participate. In addition, the blockchain employs the Shabal encryption algorithm. The commonly used  Secure Hash Algorithm 256 (SHA-256) algorithm,  is a rather heavy and sluggish encryption technique compared to Ripple Coins according to the developers. 

Additionally, the developers anticipate that XRPHD will be able to facilitate cross-chain transfers, as the PoC consensus might generate more symbiotic sub-chains.

XHD coins power the XRPHD blockchain. Based on my [research](https://miningwatchdog.com/mining/xhd/main),  XHD coin has poor market performance. No information about its market cap is available, which signifies that it is too low to be listed anywhere and that the XHD coin is not widely used. Furthermore, it suggests that the coin lacks liquidity. Also, not many merchants will accept XHD coins as payment.

## XRPHD Security: XHD Coin

The creators of XRPHD take security extremely seriously. They have excellent features in place to keep hackers out. First, the PoC consensus reduces the likelihood of 51% attacks to a low level; It is less expensive to mine for rewards using processing power.

Miners also play an essential part in ensuring security. Miners validate transactions on the blockchain in the same way that they do in other blockchains. These transactions are then recorded on the distributed ledger by the miners.

After buying coins, investors will want a wallet to keep them secure. For this reason, users can utilise the XRPHD proprietary wallet. The XHD coin is on the GoPax or [Bitfinex](https://www.bitfinex.com/) exchanges. It is compatible with Mac OS, Windows, and Linux. 

To conclude, even though this XHD coin offers a fantastic value proposition. However, in the market, this is never enough. It is not widely used, and its circulating supply is unclear. These are significant risks to be evaluated before investing.




XRPHD explained: XHD Coin

Fantom (FTM) is the native token of the Fantom network, a smart contract blockchain platform that allows DApp development. The network is among a few blockchain networks giving the Ethereum blockchain a run for its money. It is one of the best alternatives to the Ethereum blockchain.

## The FTM token

The Fantom (FTM) token is the native utility token of the Fantom blockchain. It powers the entire Fantom blockchain ecosystem. Holders of the tokens can use them for staking, payments, transaction fees, and governance. 

FTM tokens are available as ERC-20 tokens and BEP-20 tokens, meaning there are versions of the tokens that conform to Ethereum and Binance Smart Chain token standards.

FTM tokens have a total max supply of 3,175,000,000 FTM coins. According to Coinmarketcap, there are currently (24th July 2022) 2,545,006,273 FTM coins in public circulation. 

Coinmarketcap ranks FTM coins as the 56th largest cryptocurrencies in the world with a live market cap of $861,038,478. Each FTM coin is currently worth $0.338325.

## Where to buy FTM tokens

FTM tokens are listed in several crypto exchanges including Binance, Kraken, Gemini, Bitfinex, Binance.US, Crypto.com, FTX, Bybit, KuCoin, OKX, and Gate.io. The coins [can be bought](/trade) directly with fiat currency where they are listed.

## Where to store FTM tokens

You’ll need a compatible crypto wallet before you can buy FTM tokens. The tokens can be stored in various crypto wallets including fWallet, which is Fantoms Official Wallet, MetaMask, Trust Wallet, Math Wallet, and Coinbase Wallet.

Besides hot wallets, FTM tokens can also be stored in cold wallets (hardware wallets). Ledger Nano is the most preferable hardware wallet for FTM token storage.

## FTM coins price predictions

As of the time of writing, Fantom GBP exchange rate is 0.285643 GBP. The price is calculated based on rates on 70 exchanges and is updated live every few seconds.

In the last 24 hours, the FTM GBP price has increased by 8.24%.

Fantom GBP has seen a lot of success in recent months, and its price has increased by over 1000% since December 2020. 

[Several crypto prediction platforms](https://coinpedia.org/price-prediction/fantom-ftm-price-prediction/) see FTM coins as good long-term investment. WalletInvestor and Gov.Capital also see a promising future for FTM coins. 

According to WalletInvestor, FTM coins may trade at $4.486 by the end of 2025. Gov.Capital predicts that the coins may reach a maximum value of $3.602 by the end of 2023 and $9.048 by the end of 2025.

Digitalcoinprice and Coinpedia aren’t as optimistic as WalletInvestor and Gov.Capital but they still predict price appreciation for FTM coins. According to Coinpedia, FTM coins may start trading above $1 by 2024. Digitalcoinprice predicts the coins may still be trading under $1 by 2025 but at $0.75 per coin.

FTM coins may not be get-rich-quick crypto coins but many investors agree they are a great option for long-term investment. Considering what the Fantom network has to offer and is working on, the coins can get the push they deserve to earn well in the future.
Note that this is not financial advice but the opinions of the author. Before investing in any cryptocurrency, always take the time to do your research.


Fantom Coin (FTM): Everything You Should Know

There's a new Metaverse cryptocurrency on the block, and it's called Shibaverse Coin! This innovative new currency is bringing a whole new level of security and privacy to the world of digital currencies.

Unlike Bitcoin and other popular cryptocurrencies, VERSE is based on a completely new algorithm that makes it more secure and anonymous than anything else out there for the Metaverse community. If you're interested in getting in on the action, read on to learn more about this exciting new crypto currency!

## What is Shibaverse, and how does it work?

Shibaverse Coin is a digital currency that is based on the Litecoin blockchain. It is an open-source project that was created to provide a more user-friendly and accessible way to use cryptocurrency.

The coin has a unique, Shiba-themed design and is intended to be used as a tipping currency on social media platforms. Unlike other digital currencies, VERSE can be easily mined on any computer without needing specialized equipment.

The coin also has a high level of security due to the use of the Litecoin blockchain. Transactions are faster and more secure than traditional banking methods, making [Shibaverse Coin](https://coindecimal.com/shibaverse-coin/) an attractive option for those looking for an alternative to traditional currency.

## What makes Shibaverse unique compared to other cryptocurrencies?

VERSE is a unique cryptocurrency that offers a variety of benefits compared to other coins. For one, it is faster and more efficient than many other cryptocurrencies. It also has a lower transaction fee, making it more affordable.

In addition, VERSE is more secure than other coins, with an advanced encryption system that helps to protect users' personal information.

Overall, VERSE provides a superior experience to other cryptocurrencies, making it the best choice for those looking for an easy and efficient way to transact.

## How can investors get involved in Shibaverse, and what risks are involved?

Shibaverse is a new cryptocurrency that offers investors a way to get involved in the "Shiba Inu economy." The coin is named after the popular dog breed and features a Shiba Inu character on its logo.

Investors can buy it through exchanges such as Binance and Kucoin. The risks involved in investing in VERSE include the volatility of the cryptocurrency market, as well as the possibility that the project may never launch.

However, some investors believe that the potential rewards of investing in VERSE outweigh the risks. The team behind it has plans to use the funds raised through the sale of the coin to build a decentralized exchange and launch a social media platform. If successful, these projects could help to increase their value of it.

## What impact could Shibaverse have on the cryptocurrency market as a whole?

Shibaverse is a new Metaverse cryptocurrency gaining popularity due to its unique features. Unlike other cryptocurrencies, VERSE uses a new data structure called a Directed Acyclic Graph (DAG).

This allows for faster transaction times and lowers fees. In addition, it is backed by a company called Shiba Inu Ltd, which gives it more stability than many other cryptocurrencies. As more people become aware of it and its advantages, its popularity will likely continue to grow.

This could have a major impact on the cryptocurrency market as a whole, as more investors seek alternative coins with different features. Only time will tell what the ultimate impact is, but it is clear that it has the potential to shake up the status quo.

 For more developments on the crypto news go to [Latest Moni](/news).


Shibaverse coin- cryptocurrency for the metaverse

## Quant Price in 2022

The token has fallen in 2022, starting at $174.8. The continuous fall drove the quant price to its quarterly lows of $88.1 on January 27th. After recovering from a downturn, the token regained its hold at $154.7 on February 7th.

Fears about the Federal Reserve of the United States [reducing interest rates](https://www.usbank.com/investing/financial-perspectives/market-news/federal-reserve-tapering-asset-purchases.html) and the conflict between Russia and Ukraine caused another dip. As a result, support was at $112.3. Following a touchdown to the support, it increased to $147.7 at the end of the first quarter.

Like most players in the industry, it had a challenging second quarter. The [market-wide crash](/news/article/bitcoin-dip-over) caused the token to lose over 70% of its profits. However, it has been among the quickest to recover. The digital token has increased by more than 146% in less than a month.

As of July 25th, the current price is $93.14 in the first month of the third quarter. It has declined by 11.08 % in the last seven days. In the previous 24 hours, the quant price fell by 6.72 % and has increased by 0.09 % in the last hour. Currently, it is 78.26% behind its all-time high of $428.38.

In the fourth quarter, if initiatives yield the intended outcomes, coupled with an increase in social volumes from the rising user base. The token might reach a new high of $186.152. Negative feedback and the network failing to meet expectations would result in a quant price of $130.233. Considering the bullish and bearish predictions, the average price might be $154.949.


## Quant Price prediction for 2025

According to analysts, other revolutions in the field would be transitory, but the blockchain is here to stay. With regular buying and selling forces, the token would be worth $570.19 by the end of 2025. However, with significant improvements in interoperability, it would climb to $728.251. On the other hand, if there is regulatory compliance in the sector, it will fall to a minimum of $400.396.








Latest Moni

Latest Altcoin News | Page 2

Altcoin news from Latest Moni.

Shiba Inu Coin Burn: How does it work?

Algo price rising steadily in next five years

XRPHD explained: XHD Coin

Fantom Coin (FTM): Everything You Should Know

Shibaverse coin- cryptocurrency for the metaverse

Quant Price and Prediction

Crypto scams are falling as victim investors exit

Best wallets to store your Ethereum

Crypto.com news: The exchange gets UK approval