DTX, SHIB, and DOGE Amongst 3 Altcoins That Could Double in September
The post DTX, SHIB, and DOGE Amongst 3 Altcoins That Could Double in September appeared on BitcoinEthereumNews.com.
Advertisement     As the crypto market becomes more active, three altcoins with a good chance to increase in value by double this September are DTX Exchange (DTX), Shiba Inu (SHIB), and Elon Musk’s favorite, Dogecoin (DOGE). With growing interest, DTX’s new and creative features, Shiba Inu’s burn rate, and Dogecoin’s Elon Musk influence might help them achieve notable profits. This article will examine why traders are noticing these coins and looking for the next big change in the crypto world. Shiba Inu (SHIB) Burn Rate Soars, Fueled by Massive Whale Activity The Shibburn tracker has reported a significant spike in Shiba Inu’s (SHIB) burn rate, marking an increase of 1,664.70% since yesterday. Hundreds of millions of SHIB coins have been sent to “inferno” wallets, thanks to the actions of an unknown whale. In the past few days, 250,898,588 SHIB have been permanently removed from circulation, largely due to a single whale transaction of 250 million coins to an unspendable address. Identified as “itdsafe.eth” on Etherscan, this whale has burned a total of 500 million SHIB in the past week alone, making a substantial dent in SHIB’s circulating supply. Advertisement   Although the Shiba Inu (SHIB) price declined slightly over the past week, dropping from approximately $0.0000132 to $0.00001308, with whales like “itdsafe.eth” continuing to burn large amounts of SHIB, Shiba Inu (SHIB)’s reduced supply could drive prices up, increasing the likelihood of SHIB doubling in value by September. Elon Musk’s Dogecoin (DOGE) Tease Sparks Hype, Could DOGE Double in September? Elon Musk has once again ignited excitement within the Dogecoin (DOGE) community with a playful tweet referencing the meme coin. His post read, “Department of Government Efficiency,” cleverly abbreviating to “DOGE.” Accompanied by an AI-generated image of Musk, the tweet quickly captivated his followers and sparked renewed interest in…
Filed under: News - @ September 12, 2024 3:59 am