Bigger Entertainment a crypto entertainment company and a strong supporter of the SHIB community has added 10 licensed games on its website to aid more burning of Shiba Inu coin. Data on the websites showed that a total of 1,020,508,035 SHIB has been burned so far.
This announcement was made through the official handle of Steven Cooper, the CEO of Bigger Entertainment.
There are several amazing games in the #shib community that burn. Bigger Entertainment is joining & adding more as well. We've added a GAMES section to our website with 10 NEW GAMES to play that all burn. We'll be adding new games EVERY WEEK! #SHIBARMYhttps://t.co/6sidpPUN6C 🙂
— Steven Cooper (@iamstevencooper) January 17, 2022
The 10 licensed games on the Bigger Entertainment website are; Harvest Honours, Fireboy and Watergirl, Zombie Last Castle, Bubble Game 3, Garden, Tales, Solitaire, Bon Voyage, Bingo, and Black Jack.
Responding to a Twitter user question on why the need for multiple burning games, Steven Cooper said, “people like having options. That would be like us saying there can only be our playlists and our music, no other styles. We need a variety of things that are burning. No need to switch if you like Bricks Buster. This is just to add some variety and more options.”
Travis Johnson, the developer of the mobile game app, Bricks Buster congratulated Bigger Entertainment on their new Shiba burning venture.
Bigger Entertainment said funds generated from Ads revenue and in-game purchases will be used to burn Shiba Inu coin. The company plans to add new games to its collection every week.
“All of Our Licensed games uses Ad revenue and in-game purchases to Burn”
Data from Shibburn showed that 109,824,657 SHIB has been burnt in the last 24 hours, a 39.62 percent increase in SHIB burn rate. Data further revealed that 410,301,220,762,891 SHIB has been burnt from the initial supply.
At press time, SHIB is 4.90 percent down in the last 24 hours, trading at $0.00002887.
Bitcoin Bulls Run Amok: Short Traders Hit with $90 Million Loss Amidst Unstoppable Surge
The relentless surge in Bitcoin’s prices has left short traders reeling as highly leveraged futures bets against the cryptocurrency incurred losses totaling $90 million on Tuesday alone.
This follows an additional $70 million in short liquidations on Monday, contributing to Bitcoin’s remarkable climb from $39,000 to $44,000 this week.
According to data from CoinGlass, most of these liquidations transpired on major crypto exchanges, including Binance, OKX, and Huobi.
The substantial liquidation figures have the potential to signal either a local top or bottom in a significant price movement, providing valuable insights for traders looking to strategically position themselves.
The surge in trading volumes, up by 25% in the past week, coupled with the growth in open interest from $17.2 billion to $20.2 billion since the beginning of December, underlines the increased market activity around Bitcoin.
Several factors are contributing to Bitcoin’s recent growth. Optimism is swirling around the potential approval of a spot exchange-traded fund (ETF) in the U.S., with traders factoring in anticipated rate cuts, buoying riskier assets like technology stocks and Bitcoin.
Additionally, the possibility of sovereign adoption is gaining traction as leaders in major economies express a Bitcoin-friendly stance.
Over the weekend, a notable group of traders committed to a $200 million BTC futures position, emphasizing the sustained demand for exposure to Bitcoin.
Amid continuous updates and changes in spot ETF applications, some industry observers foresee Bitcoin prices surpassing the $48,000 level in the coming weeks, further intensifying the cryptocurrency’s bullish momentum.
Dogecoin (DOGE) Rides Bitcoin Surge, Gains Over 10% in 24 Hours
The cryptocurrency market is witnessing a resurgence of risk appetite as more investors jump on unconventional choices such as Dogecoin (DOGE), Shibacoin, Memeland, etc.
In the past 24 hours alone, DOGE has surged by over 10% to $0.10 a coin for the first time since April following Bitcoin’s climb from $38,000 to $44,000.
This surge, coupled with the rising price, validates the upward trajectory of DOGE, signaling growing investor interest.
Funding rates on various exchanges have also experienced a substantial surge, hitting an annualized 50% or more.
These rates, reflecting a steep premium in perpetual futures relative to spot prices, indicate a prevalent bullish sentiment among investors.
It underscores their collective optimism, suggesting a belief that prices are poised for further upward momentum.
Joke cryptocurrencies like DOGE have historically exhibited high-beta characteristics, closely mirroring Bitcoin’s movements but often with greater intensity.
Investors are advised to exercise caution and monitor DOGE’s potential for extreme bullish action relative to Bitcoin, serving as a potential indicator of speculative exuberance typically observed in the latter stages of a widespread bullish trend.
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