Altcoin News by Thebittimes.Com

Shiba Inu (SHIB) is one of those crypto tokens that has a lot of hope riding on it. Just like Dogecoin (DOGE) did back in the day, a lot of young investors are hooked on SHIB going to “the moon.” Now, SHIB already, kind of, went to the moon. The token had the highest returns in 2021. If one were to purchase SHIB in November of 2020, that person would be sitting on gains of up to 18719494.1%. Nonetheless, fans of the canine-themed project are eagerly waiting for the crypto to skyrocket once again. From some perspective, S&P 500 has soared 30,209%, including dividends paid, throughout the course of 57 years from 1965 to 2021. Meanwhile, Shibu Inu tokens had an annual return that was more than 1,500 times greater than the 57-year return of the S&P 500. Although the larger aim of the community is to get SHIB to the $1 mark, the first goal is for SHIB to lose a couple of zeros. Many are aiming for the $0.001 mark. And some are hopeful that this can be achieved by 202...

Source: AdobeStock / prima91 The major crypto exchange Binance on Thursday completed its last BNB token burn for the third quarter, with more than 2 million BNB tokens burned at a value of well over $500 million. The total amount of tokens burned during the quarter 2,065,152.42 BNB, and was comprised of token burns under Binance’s Auto-Burn feature, Pioneer Burn Program, and a program where a portion of gas fees in every transaction is burned, an announcement from Binance said. At the time of writing, the total value of the tokens burned was $563.8 million. Binance has officially stated that its burn programs aim to remove 100 million BNB tokens – half of the total supply – from circulation. The number of tokens removed in each burn is automatically calculated by the Auto-Burn formula developed by the exchange. “The BNB Auto-Burn provides an independently auditable, objective process independent of the Binance centralized exchange,”...