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Why does Elon Musk favor Dogecoin over Bitcoin? What does the 2022 SHIB burn roadmap say? Read U.Today’s news summary to find out!
Shiba Inu burns 2022 roadmap released
Yesterday, more good news from Bigger Entertainment moved the Shiba Inu community: the company released the biggest coin of the meme burn the roadmap for 2022. According to this document, the SHIB burn initiatives are expected to take place on a monthly basis. Apart from this, SHIB supporters will be able to enjoy various goodies and events, such as the Shib Lovers merch campaign, the Shib SuperBurn event for football fans and NFT Madness for basketball fans.
Elon Musk admits Dogecoin is fundamentally better than anything he’s seen
The boss of Tesla and SpaceX, Elon musk, recently took part in a Lex Fridman podcast, in which the Centibillionaire compared Bitcoin and Doge, claiming that the latter has a higher transaction volume and much lower transaction fees. Musk also added that by 2021 Bitcoin’s transaction speed is expected to have become much faster than it is now, calling it “comically weak.” Taking all of this into consideration, Musk called Doge “better than anything else I’ve seen, just by accident.”
This isn’t the first time that Tesla’s boss has favored Dogecoin; when Musk was named Person of the Year by Time Magazine on December 13, he also said that Dogecoin is much better suited for transactions as Bitcoin.
Cardano-powered DEX SundaeSwap announces end of audit
According to SundaeSwapofficial announcement of, it performed a security audit in partnership with Runtime Verification (RV). Thanks to this audit, a number of critical issues were identified. SundaeSwap Labs Chief Information Officer Pi Lanningham says DEX can now meet community standards. Now that the audit is complete, the project will continue to work with RV on future improvements. Cooperation is “essential” to the long-term viability of the stock market, Lanningham said.
XRP Users Withdraw Funds From Exchanges As Crypto Market Entries Rise
Yesterday, the WhaleAlert whale-level transaction tracker detected two large XRP transactions. The former contained 162 million XRP from the Nexo exchange, appearing just hours before the asset fell 4.3%. The second transaction was made on the Binance exchange at an unknown address and was worth $ 11 million. Both transactions took place during a high influx trend.
Unfortunately for its holders, a stable exchange flow does not help XRP continue to trade above $ 0.9. The coin now changes hands at $ 0.842.