Shiba Inu's burn rate surged by 3,674% on election day. Will SHIB reach a new high as the price of Dogecoin rises? The burn rate of Shiba Inu (SHIB) has recently risen sharply, surging 3,674% on the day of the US presidential election. Interestingly, this surge occurred against the backdrop of renewed interest in SHIB prices. The increased activity, driven by traders looking to capitalize on election dynamics, has had a significant impact on the entire industry. In addition to SHIB, the trading activity and volume of Dogecoin have also surged, and people can't help but wonder if SHIB will follow Dogecoin's price increase and set a new historical high. The Shiba Inu burn rate is a metric that measures how much SHIB is permanently sent to inactive wallets and removed from circulation. This controlled supply reduction is designed to create scarcity, which may potentially increase the price of SHIB. According to data from Shibburn.com, as American voters flock to polling stations, the destruction rate of SHIB has surged by over 3,674%, indicating a coordinated effort by the SHIB community. In particular, Shibburn emphasizes that over 53.3 million SHIB tokens have been burned in the past 24 hours alone. Interestingly, further examination of the data reveals that over 28.8 million SHIB tokens have been burned in a single transaction. SHIB 销毁量的rise与其市场价值的显有增长相一致,SHIB 在过去 24 小时内攀升了 10。 这使得 SHIB 能够迅速连续突破 0.000017 美元、0.000018 美元、0.000019 美元和 0.000020 美元。 尽管相币的价格明显上涨,但其对应的 meme 币狗狗币却上涨更多。 特别是,狗狗币在过去 24 小时内上涨了约 20%, 最近自 2024 年 April 月以来首次 again broke 0.2 USD。 From a historical perspective, the price trends of Shiba Inu Coin and Dogecoin are synchronized, especially when the interest in one currency translates into an increase in the volume of another currency. The recent surge in the burning rate of SHIB has intensified the debate about which currency may lead the future rebound, especially as interest in DOGE continues to rise. However, with the increasing trading activity of SHIB and DOGE, it is expected that these two encryption currencies will continue to rise in the remaining time of this month. Therefore, we can see that SHIB and Dogecoin both reached new highs in November 2024, and both will eventually challenge historical highs. After a recent rise, both SHIB and DOGE have experienced a slight pullback, possibly due to some holders locking in profits before the next possible rise. As of the time of writing this article, the support level for SHIB is $0.0000183, and the current trading price is around $0.0000188, while Dogecoin is stable at $0.197. (Data Source: Scott Matherson)

Historical trends indicate that Shiba Inu prices will pump 1,000% to $0.00024, analysts reveal Cryptocurrency analyst Eljaboom provided insights on how Shiba Inu (SHIB) could rise in this bull market. The analyst cited history to show that the second-ranked meme coin by market capitalization could still reach unprecedented heights. Eljaboom stated in a post on X (formerly Twitter) that Shiba Inu will pump over 1,000% in this bull run, reaching $0.00024. Previously, he indicated that the history of SHIB is repeating itself. The accompanying chart he shared shows this analyst's prediction that Shiba Inu will undergo a price surge similar to that of 2021, although this time the price will be much higher. Cryptocurrency analyst Crypto Emily seems to agree with Eljaboom's prediction, saying anyone who loses faith in Shiba Inu is "ignorant." At the same time, Eljaboom's prediction is in line with other cryptocurrency analysts, who predict that Shiba Inu will drop to zero again before rising to $0.0001. One of them is Javon Marks, who predicts that SHIB will eventually rise to $0.0001553. Cryptocurrency analyst Capt Toblerone, using Elliott Waves to analyze the Shiba Inu chart, also made a prediction similar to Eljaboom's. The chart shows that when the third wave of the five-wave sequence appears, SHIB will rise to $0.00022. Interestingly, the analyst believes that Shiba Inu may rise to this price level in September of this year. Meanwhile, other cryptocurrency analysts, such as Armando Pantajo, have made more optimistic predictions for the price of SHIB in this bull market. Pantajo predicts that Shiba Inu will reduce two zeros and rise to $0.001. Cryptocurrency analyst Ali Martinez further predicts that Shiba Inu may reduce three zeros and rise to $0.011. Several factors may have contributed to the rapid surge of Shiba Inu. One is institutional adoption of meme coins. The Shib community has been actively working towards this goal, petitioning Grayscale to consider launching a SHIB ETF. Interestingly, this petition has garnered over 10,000 signatures, highlighting the community's dedication to this cause. The potential launch of the Shiba Inu ETF could bring new funds to the meme coin ecosystem, potentially triggering parabolic price surges. When the team eventually launches the proposed privacy-focused third-layer network, it is expected that new funds will also flow into the SHIB ecosystem. More users are expected to flock to the Shiba Inu ecosystem and enjoy this utility. At the same time, the second-layer network Shibarium undoubtedly still plays an important role in the development of SHIB. The network has committed to using a portion of the network fees earned from Shiba Inu token burning. Therefore, once the daily trading volume on the network rebounds, Shibarium is expected to carry out another large-scale token burning. (Data Source: Scott Matherson)

PANews May 22nd news, according to CoinDesk, as traders flock to exchanges with expectations of ETF, there is a prediction of market fluctuation with an influx of 231 million US dollars (62,000 ETH). Analysts say that a large amount of ETH flowing into exchanges usually indicates increased selling pressure, which may lead to intensified price fluctuations. Currently, market sentiment is high, and investors are optimistic about the upcoming Ethereum ETF, which has driven recent capital flows and market activity.

币界网报道：Ethereum （ETH） and Solana （SOL） face market uncertainty, while investors flock to new tokens like Furrever Token （FURR）. ETH faces regulatory uncertainty amid SECs potential rejection of spot Ethereum ETF proposals in May. SOL experiences a 1.7% decline despite strong fundamentals. FURR emerges as an attractive alternative with its adorable kitties and promising returns, attracting investor interest. The presale has already surpassed $1 million within two months and is in the 8th stage of a 10-stage journey, making it an ideal time to invest. Explore more about FURR at www.furrevertoken.com or contact support@furrevertoken.com for inquiries or support.

Cryptocurrency News: The price of Super Trump has risen 35% in the past 24 hours, with a trading price of $0.004866, ranking 8th on CoinMarketCap. Technical analysis shows that selling pressure still exists and further validation of the bullish trend is needed. On the other hand, Sponge V2 is a promising meme coin alternative, considered by cryptocurrency analysts to be the next 10x meme coin. It offers a lucrative betting mechanism and game utility.

coin The U.S. Senate's proposed Payment stablecoin Act could encourage banks to participate in issuance dollar-pegged stablecoin, spelling problems for large non-U.S. entities such as Tether, global ratings firm S&P Global Ratings said in an April 23 research note. The rating agency considers stablecoins to be a potential key financial market pillar, noting that BlackRock's recently launched BUIDL fund is a testament to its efficiency and safety in tokenized assets and digital bonds. The bill proposes a $10 billion issuance limit for non-bank stablecoin companies, a ban on "no-account" Algorithmic Stablecoin, and a requirement for stablecoin issuance to hold one-to-one cash or cash equivalents reserves. S&P said the new rules could give banks a competitive advantage by limiting the maximum long issuance of $10 billion for institutions without a banking license. However, the rating agency noted that a $10 billion issuance to non-bank companies could spell trouble for Tether because it is not a stablecoin that allows payments.

ADA in the spotlight: Heavyweight investors flock to Cardano, what's next? Cardano (ADA) has recently attracted the attention of large investors, also known as "whales." Using on-chain data, cryptocurrency analyst Ali has observed a significant uptick in large ADA trading volumes, typically exceeding $100,000, over the past three months. Ali noted that this growing trend is indicative of the growing interest in ADA from institutional participants and high-net-worth individuals. The analyst further revealed that such whale activity is often a precursor to impending price movements. It's important to note that while trading can significantly impact the market dynamics of cryptocurrencies, when whales accumulate assets, it often reduces the circulating supply, putting potential upward pressure on prices. Conversely, when they are sold, it can lead to a sudden increase in supply, which can lead to a drop in price. In the case of ADA, recent whale activity has been consistent with a positive price trajectory. The market performance of ADA reflects the growing interest of whales. Crypto assets are up 2.2% in the last 24 hours alone, up more than 5% over the past week. Although ADA has retraced from its recently reached peak above the $0.41 mark, it remains steady in the $0.40 area for now. This bullish trend was further supported by a surge in ADA trading volume, which doubled from $250 million to more than $500 million in a week. The increase in trading activity and prices is in line with the predictions of another analyst, Dan Gambardlo. Gambardello has identified a bullish pattern for BTC, ETH, and ADA, with ADA expected to potentially climb to $0.45 in the near term, with a long-term target of $0.80-$0.85. The analyst attributes his optimistic forecast to the growth and resilience of the Cardano ecosystem, even amid the recent bearish trend in the broader market. The latest data shows that the Cardano ecosystem has risen significantly, with its total value locked (TVL) growing by more than 20% over the past month and currently stands at $275 million. Although this figure is lower than the peak of over $300 million in March 2022, the way the ecosystem has approached its previous highs reflects its resilience, as Gambardello noted in the recent bearish market sentiment. Gambardro's passion for Cardano extends beyond its current market performance. Analysts believe that the development of the Cardano ecosystem during the bear market cycle has allowed it to achieve significant growth in the future. Gambardello predicts that Cardano will soon account for 1% of the total cryptocurrency market capitalization. Such a milestone would be a testament to the robustness and innovation of the asset ecosystem, with the potential to lead to a significant rally in ADA in the next bull run. It's worth noting that Gambardello isn't the only analyst predicting a bullish future for ADA. In a recent X post, Ali highlighted the presence of ADA in key areas of need. The analyst noted that the price level of around $0.37 to $0.38 saw a lot of buying activity, with more than 166,470 wallets buying ADA in this range. Ali interpreted this strong buying interest as a sign of a solid support level for ADA. According to his analysis, ADA is expected to trend upwards with little resistance going forward, with the potential to break the yearly high of $0.4518. Although ADA has recently surpassed and seemingly respected these key demand areas, its price has only peaked at $0.41 so far and has yet to fully break through the $0.45 mark. However, given the surge in whale activity and the bullish sentiment in the global cryptocurrency market, reaching and potentially exceeding yearly highs is still a reasonable outcome. (Source: Samuel Edyme)

Odaily Planet Daily News Web3 startup accelerator SpringX announced the list of selected projects in the first phase, including 11 projects: Web3.0 anti-fraud security solution provider KEKKAI, AI-native full-chain autonomous world Gabby World, Web3 social platform Fundays, on-chain artificial intelligence co-creation platform FLock, on-chain charity lottery Lott3ry, Web3 search engine Adot, Web3 game platform MEEET, InLayer, a trustless full-chain infrastructure Cycle Network, Web3 data incentive and transparency layer MoveSpace, and Web3 business art IP Weirdo Ghost Gang. A total of 243 valid entries were received in this issue of SpringX, and 11 selected projects covered Infra, Game, Social, DeFi, and NFT. Of these, 8 projects have been financed (6 are over $1 million) and 3 have not yet been funded.

PANews reported on November 2 that Web3 startup accelerator SpringX announced the list of 11 selected projects in the first phase, including: Web3.0 anti-fraud security solution provider KEKKAI, AI-native full-chain autonomous world Gabby World, Web3 social platform Fundays, on-chain artificial intelligence co-creation platform FLock, on-chain charity lottery Lott3ry, Web3 search engine Adot, Web3 game platform MEEET, InLayer, Cycle Network, MoveSpace, MoveSpace, MoveSpace, Weirdo Ghost Gang, MoveSpace, MoveSpace, MoveSpace, Weirdo Ghost Gang, Weirdo Ghost Gang, Weirdo Ghost Gang, MoveSpace, Weirdo Ghost Gang, Weirdo Ghost Gang, Weirdo Ghost Gang, MoveSpace, MoveSpace, Weirdo Ghost Gang, A total of 243 valid entries were received in this issue of SpringX, and 11 selected projects covered Infra, Game, Social, DeFi, and NFT. Of these, 8 projects have been financed (6 are over $1 million) and 3 have not yet been funded.

Ethereum's new milestone could bring good news for ETH price Ethereum non-zero addresses hit a new all-time high: More addresses mean more people are using the network, and Ethereum dominates most applications in the crypto industry. As a result, the Ethereum blockchain has seen the highest growth rate of new addresses in recent years. This growth is especially high as more and more people flock to decentralized finance (DeFi) protocols and non-fungible tokens (NFTs), most of which are built on the Ethereum blockchain. There are currently 104,127,318 Ethereum addresses holding at least 1 wei (the smallest unit of ETH). Just about two years ago in 2021, the metric was around 50 million addresses, with a 100% jump during that period. Although only a fraction of these wallets are active, the large number of non-zero addresses indicates a large increase in ETH adoption. Likewise, the number of non-zero Bitcoin addresses only recently reached an all-time high at 47.8 million addresses. Growing interest in exchanges, smart contracts, DeFi, and NFTs will continue to increase the number of Ethereum users and non-zero addresses, especially now that the industry is on the cusp of a possible bull run. According to the indicator data, the last active Ethereum supply in seven to ten years has just reached an all-time high of 4.312 million ETH. This prolonged period of inactivity indicates long-term holding and confidence by investors. In the past, large increases in the price of ether have coincided with a surge in new addresses on the network. During the bull market in 2021, Ethereum saw a large number of new addresses and non-zero addresses, and its price reached an all-time high of $4,810. As mainstream interest in and adoption of Ethereum grows, the value and price of Ethereum (ETH) is likely to increase. Non-zero addresses mean that activity at many addresses is increasing, which could create buying pressure, among other things that can push up the price of ETH. Currently, ETH is trading at $1,850 and is poised to break the $2,000 resistance set by the bears. (Data source: Scott Matherson)

How will global financial markets react to Russia's infighting on Monday? "It remains to be seen of course what happens in the next day or two, and if there is still uncertainty about Russia's leadership, investors may flock to safe-haven assets," said Gennadiy Goldberg, head of U.S. rates strategy at TD Securities. Despite the de-escalation, investors may remain nervous about the prospect of subsequent instability and may remain cautious, Goldberg said. The mutiny has apparently captured global attention and revived concerns in Washington about what would happen to Russia's nuclear stockpile in the event of domestic unrest. "Markets generally don't react well to ongoing, uncertain events, especially with Putin and Russia," said Quincy Krosby, chief global strategist at LPL Financial. "If the uncertainty escalates, U.S. Treasuries will get bought, gold will get bought, and the yen tends to rise in that case as well," he said. Alastair Winter, global investment strategist at Argyll Europe, said that while the easing of tensions means markets may not react much now, "Putin (control) has clearly been weakened and there could be more The situation evolves." He believes the dollar will find some support as the market resumes speculation about rate hikes, rate cuts and recessions in different economies. It is worth mentioning that this Wagner mutiny also happened at a time when the rising momentum of US stocks in the past few weeks was broken. All three major U.S. indexes fell for the week, snapping an eight-week winning streak for the Nasdaq Composite and five for the S&P 500. Some in the industry fear that could make stocks more vulnerable to a sell-off. U.S. stocks have lost some momentum as the risk of high interest rates has regained focus after Powell's congressional testimony this week. Federal Reserve Chairman Jerome Powell hinted at further rate hikes ahead in testimony this week. Of course, as the overall tension in Russia has been greatly eased, some Wall Street people are not yet too anxious about the market outlook. Rich Steinberg, chief market strategist at Colony Group, said the market will view this as another geopolitical risk, though the de-escalation "calms some nerves in the short term." Safe-haven assets may not react much, as Wagner's troops did not reach Moscow after all and did not escalate the situation further. For now, at least, calm has prevailed.