Shiba inu Coin | SHIB Burns Are Finally Rising! Here's The Numbers

[00:00:03]A level of 20 fear. Guys, it is it Look, I'm optimistic right now. I was looking at some charts and we're basically going through the exact same four-year cycle on Bitcoin that we have gone through for the last decade.

[00:00:21]We've got the playbook. People are leaving the same way they were leaving before. The fear is just as crazy as it was before.

[00:00:30]And all of the opportunities that led to each bull market, it's happening right before our eyes. And people are acting like it's any different this time. So, I'll talk a little bit about that in the video today. We're going to be focusing in on Shiba Inu coin. We're going to be focusing in on the burns particularly because up until about a couple of hours ago, Shiba Inu coin had burned $5 worth of ship.

[00:00:58]Now, it's a little bit higher. Not much higher, but it's a little bit higher.

[00:01:01]And and it's some of the largest burns that we have seen in weeks. So, let's discuss the numbers. And if it sounds like something you're interested in, let's get started. What's up, everybody?

[00:01:10]I'm Clay. And I do want to say thank you guys for watching the video. Thank you for subscribing to the channel. And thank you for understanding that YouTube is now run by AI. Well, it is allowing general discussions about crypto, NFTs, and other digital assets. That's all that this video is. It's not a promise, promotion, suggestion, recommendation, or guarantee. Just you and I going over the latest news. We're going to be talking about the burn numbers here, market analytics because of course fear is dictating everybody. And if we know what's happening, we can lessen that fear a little bit. And of course, we're going to be talking about price action.

[00:01:44]Now, since we're on the page here and and the graph is basically no different than it was yesterday, let's briefly talk about this price action. Shiba Inu coin 477 points per coin right now.

[00:01:55]This is essentially an all-time low. We tested 431 about 2 weeks ago now and we're going to call that the all-time low. Shiba Inu coin essentially early 2021 late 2020, that's a different coin, okay? Nobody knew about it. It wasn't the viral sensation that it is now. So, because this is a new low post the 2021 run, we're going to call this a new all-time low on Shiba Inu coin here. And of course, it is red on the day today just slightly below the moving averages bearish price action all of that stuff, but it happens is we are in one of the most fearful markets that we have ever been in before. And to me, that's insane.

[00:02:42]Now guys, I don't know if I'm going to be able to pull it up perfectly on here, but if we could take a look at Bitcoin, I want to show you where we are in this cycle here because when you start to understand what it looks like and when you start to understand where we're at, it should alleviate some of that fear, uncertainty, and doubt.

[00:03:02]Now, this is no doubt a very long stretch, a brutal bear market, and one of those most fearful markets that we have ever seen before. We've gone from $126,000 down to about $60,000 where we stand, but let's point out the time frame here. If we get rid of this, we can see that this is going from about September-October time frame to June where we are right now. Let's take a look and this is the bull market, right?

[00:03:33]We'll zoom out just a little bit here.

[00:03:35]This is the bull market that takes us from 15,000 near 10x gains all the way up to $126,000 Bitcoin. This is what everybody gets excited about.

[00:03:49]But the sad part is, nobody wants buy at 15,000.

[00:03:55]Nobody wants to buy at 60,000. Could you imagine if Bitcoin 10 X's from here during the next bull market? Well, let's take a look at the previous bear market so we can get a better understanding of where we are.

[00:04:09]$70,000 Bitcoin, right? Now, I understand that this was a further decline percentage-wise, but we're going to take a look at the time frame.

[00:04:19]Because it's going to be more difficult to see, you know, 90% declines when you've got trillions of dollars tens of billions, hundreds of billions right now, but trillions of dollars in net worth and hundreds of billions of dollars in inflows due to institutions, ETFs, governments, and so on. Bitcoin is a different coin than it was 5-6 years ago. You've got to understand that. But, let's take a look at this.

[00:04:48]Bitcoin, essentially the same time frame.

[00:04:51]October-November era, peaks out, and where we are.

[00:04:56]You come all the way down here to June.

[00:04:59]Okay?

[00:05:00]It's the same time frame. This June decline right here, October to June. Now, it does sit sideways. Okay?

[00:05:11]Touching a level of about 17,000 in June, sits sideways for several months before essentially beginning to rise in November.

[00:05:23]Now, let's put that in perspective.

[00:05:25]We peak out in the same October-November time frame.

[00:05:30]We essentially come down here and hit a bottom around June.

[00:05:34]Now, guys, we may sit sideways in an accumulation phase for the next several months, the same as we did in previous bear markets.

[00:05:44]But, if we can use this as the accumulation zone and begin to to accumulate as much cryptocurrency as possible.

[00:05:52]Imagine the possibilities of the bull market to come.

[00:05:57]You nearly 10x on this previous bull market rally.

[00:06:01]Imagine if we can 10x again. Now, that's not to guarantee that we do, absolutely not, but put it in perspective.

[00:06:09]This bull This bear market decline looks almost identical so far to the previous bear market decline.

[00:06:17]So, do not think that a bull market is impossible. Do not think that Bitcoin, Shiba Inu coin, and other cryptocurrencies can't rise again. They have faced this time and time again.

[00:06:32]The cycle can repeat itself, and we can see massive gains ahead, which is why I accumulate.

[00:06:39]Now, one of the things that we are seeing are burns. And burns can take the the best advantage of a lower price point.

[00:06:49]You can buy, you can burn, you can accumulate at at literally a 20 almost 20, right? It's I don't know, about 14 15x pace from what we could if Shiba Inu coin was at its all-time high.

[00:07:04]Now, we did see 12,760,000 Shiba Inu coin burned, and Shiba Inu coin sees the strongest burn activity in weeks. It says over 12 million SHIB were burned in the last 24 hours as network activity grows uh grows stronger despite persisting market volatility. Shiba Inu coin just recorded one of the strongest burn activity periods in recent weeks as multi-million SHIB tokens get destroyed and removed from circulation within 24 hours.

[00:07:32]12.76 million Shiba Inu coin permanently removed from circulation, surging the burn rate by 677%.

[00:07:41]Now, the Shiba Inu supply is shrinking, but the price is still down. And guys, that is all because of this emotion right here.

[00:07:49]Fear is plaguing the minds of retail investors across the globe. Do not fall victim to it, okay? These declines, they are fast, they are strong, they hurt, they drive the emotion, and it happened just the same back here.

[00:08:07]Look, I don't know what the future holds.

[00:08:10]I don't know if we see further downside.

[00:08:12]I don't know if we see an accumulation phase, but I do believe there will be a bull market again. And if we do not accumulate during the bear market, we do not benefit from the bull market. So, that is exactly what I am doing. Now, if you guys are interested in accumulating cryptocurrency, uh one of the places I do so is the KCS exchange, which which you guys got a link for down in the description below. You can actually trade on up to 125x leverage, if you like, and get all kinds of crypto, the best selection I've seen available in the United States. So, make sure to check it out. Let me know what you think, and until the next time, hope that each and every one of you have an awesome day.