Michael Saylor's Critical Bitcoin Advice at BTC Prague
SHIB Burn Rate Surge, and Cardano's Trading Volume Spike
Bitcoin enthusiasts in Prague recently had the opportunity to receive crucial BTC advice from Michael Saylor, the former CEO of MicroStrategy, during his appearance at the BTC Prague event. Saylor's speech, titled "21 Rules of Bitcoin," included important takeaways such as "You will never be done learning about Bitcoin" and "Bitcoin is for everyone." He emphasized that Bitcoin holders should never sell their Bitcoin. "You do not sell your Bitcoin. What do I mean? Bitcoin is energy. Bitcoin is life. Don't squander your life. Conserve your energy…Don't let the fire go out. When the fire is what keeps your family from freezing, do not let the fire go. Don't throw yourself off a cliff," Saylor stated.
SHIB Skyrockets 12,842% in Burn Rate Amid Unexpected Price Pivot
According to the latest data from the Shibburn tracking platform, the burn rate of Shiba Inu tokens saw a notable surge within the previous 24 hours. The surge occurred due to 12,047,795 SHIB being transferred to dead-end wallets by the SHIB community, with the three largest transactions carrying 5,072,279; 5,078,720; and 1,000,000 SHIB. This pushed the burn rate up by an impressive 12,842.37%. Despite a dramatic drop in the SHIB price since Monday morning, the meme token managed to recover slightly, trading at $0.00001813, up by 2.86% over the past 24 hours, according to CoinMarketCap data.
Cardano (ADA) Soars 162% Despite $435 Million Market Downturn
Data from CoinMarketCap shows that Cardano's trading volume spiked by 162%, reaching $574.9 million, despite the overall market downturn, which resulted in $435 million in crypto liquidations. This spike in ADA trading volume could be due to several factors, including investor positioning. Higher volatility often leads to higher trading volume as traders buy and sell in large quantities. Reports suggest that Cardano has recently gained popularity among institutional investors, which may also explain the increase in trading volumes. Currently, ADA is trading at $0.384, up 3.18% over the past 24 hours, per CoinMarketCap.
