SHIB Burn Rate & Dogecoin Bull Run vs BlockDAG’s $151M Presale
The post SHIB Burn Rate & Dogecoin Bull Run vs BlockDAG’s $151M Presale appeared on BitcoinEthereumNews.com.
Shiba Inu increases its SHIB burn rate by 114% as the market settles down, reducing supply to enhance value. Meanwhile, Dogecoin hit a 52-week high, maintaining strong momentum with bullish trends pointing to further growth. However, BlockDAG (BDAG) takes the “altcoin lead” with its record-breaking $151 million presale, just moments away from $151 million. With its mainnet development currently in the audit phase and the BLACKFRIDAY150 offer ending on 2nd December, the demand for BDAG remains sky-high, positioning it as one of the most popular crypto coins. Let’s examine how these three coins move and which might explode next. SHIB Burn Rate Soars 114%: Is $0.01 Per Coin Coming? The SHIB burn rate has recently surged by 114%, eliminating 14.7 million SHIB tokens from circulation. This effort decreases the available supply, potentially boosting the token’s market value. This rising SHIB burn rate aims to minimize the massive supply of over half a quadrillion tokens, enhancing their scarcity. Just this Thursday, burns spiked by an impressive 2225%, a sign of strong community participation. Amidst the ongoing burns, renowned crypto analyst Luis Delgado, popularly known as Del Crxpto, suggests that SHIB could realistically reach $0.01. Dogecoin’s Bull Run Brings a 52-Week High The Dogecoin bull run marks a new high this week, reaching $0.4389, a 52-week peak. Starting from around $0.10, the price has surged to $0.3856. This represents a 274% jump, surpassing the 61.80% Fibonacci level. Dogecoin shows strong momentum, backed by positive trends in key exponential moving averages. As Dogecoin’s bull run continues, the meme coin is nearing the $0.45 mark or the 78.60% Fibonacci level. If it breaks through, the next target could be $0.5690. The MACD and signal lines also support this bullish trend, with positive histograms reappearing. Holders Rush to Claim BlockDAG’s BLACKFRIDAY150 Offer As the SHIB…
Filed under: News - @ November 29, 2024 12:23 pm