While the ‘burn’ rate for Shiba Inu (SHIB) increases, the Twitter bot that tracks the burns is suspended. The Shiba Inu (SHIB) community is in shock at this event, asking questions from Linda Yaccarino and Elon Musk, Twitter’s powers that be. Still, interest in the dog-themed meme coin is high, as evidenced by its price recovery.
At the same time, another project on the up is poised as the next big thing in decentralized asset management.
The Twitter Account Linked to Tracking Shiba Inu Burns Gets Suspended
In June, the ‘burning’ Shiba Inu (SHIB) coins increased substantially, as millions of SHIB tokens were removed from the circulating supply. Shiba Inu’s purpose was to create a scarcity effect, likely leading to price appreciation.
This tactic is crucial for projects like Shiba Inu (SHIB), which don’t have a fixed supply. The Twitter bot, Shibburn, had been the go-to place to track such ‘burns.’ However, on 24 June 2023, it got suspended, despite no evidence of the account violating Twitter’s guidelines and no information of the violation.
The account published a tweet about this suspension tagging Twitter’s CEO, Linda Yaccarino, and, of course, Elon Musk. However, they have yet to respond. Alternatively, Shibburn has directed users to its official website to track the burns.
In other developments, Shiba Inu (SHIB) continues to expand its ecosystem with new features. But one of the main talking points in crypto is the filing from BlackRock for a Bitcoin ETF. This news has been the catalyst for rising prices across the board, with Shiba Inu (SHIB) as one of the beneficiaries.
From 10 June 2023, the Shiba Inu (SHIB) price has increased by 30% from $0.00000600 to $0.00000788.
VC Spectra (SPCT) Invests in The Future of Blockchain and Technology
VC Spectra (SPCT) is a blockchain-based hedge fund that invests in the latest sustainable tech and crypto ventures. It provides transparency and reliability thanks to smart contracts. VC Spectra (SPCT) welcomes investors with different budgets who can take advantage of blossoming early start-ups or specialized funds.
The Spectra token (SPCT) is the utility token for paying fees, buying into VC Spectra’s projects or funds, and earning participation rewards. But the benefits continue. SPCT holders can receive quarterly dividends through buybacks from their profits.
Because the community is at the heart of VC Spectra (SPCT), SPCT owners will have voting rights where they can influence the platform’s operations with their holdings. Finally, SPCT also affords one exclusive access to discounted initial coin offerings before they go live.
There is something interesting when comparing SPCT with SHIB. While Shiba Inu (SHIB) is being ‘burned,’ it’s not a deflationary token; meanwhile, SPCT is. Thus, it has a better scarcity and value potential.
VC Spectra is in the first presale stage, and investors have scooped 56% of the 125 million available tokens. As more phases occur, the price will naturally increase. VC Spectra’s (SPCT) developers have a target of $0.08 from the token’s current price of $0.008, equaling a 10x gain. Thus, now more than ever, is the best time to get involved.
Learn more about the VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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