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Cryptocurrency News Articles

The cryptocurrency market is buzzing with renewed energy

May 04, 2025 at 12:39 am

As the broader crypto market experiences a positive uptick

The cryptocurrency market is buzzing with renewed energy

The cryptocurrency market is displaying a slight uptick on Thursday morning, with the broader crypto market showing a modest 0.2% to 2% gain in the past 24 hours.

The Fear and Greed Index also edges closer to bullish territory, currently registering a neutral 55.

The cryptocurrency market continues to be driven by the meme coin frenzy, with TRUMP coin remaining a key topic of discussion and Bitcoin nearing the crucial $100,000 mark.

Moreover, Michael Saylor’s ambitious plans to raise $84 billion for further Bitcoin accumulation highlight the prevailing bullish sentiment.

Shiba Inu Price Prediction

Shiba Inu has shown resilience, increasing by 7% in the past month. Despite being far from its past highs, the Shiba Inu community remains optimistic, suggesting upcoming developments.

This excitement aligns with strong on-chain data. On Thursday, the burn rate surged by 3,800%, with over 284 million SHIB tokens permanently removed from circulation in the last 24 hours.

The high burn rate hints at a potential supply reduction, offering a positive outlook for the long-term price of the token, which is currently trading at around $0.000013.

The bullish trend around Shiba Inu is also evident in recent growth and adoption.

Major cryptocurrency wallet MetaMask has listed Shiba Inu among the top swapped tokens this week, showcasing interest and trading activity in the meme coin-turned-utility token.

Furthermore, Zypto App has integrated ShibaSwap, becoming the first decentralized wallet to support Shibarium, Shiba Inu’s layer-2 solution. This move improves accessibility and encourages further adoption of Shiba Inu’s ecosystem.

In other news, a collaboration between Astra Nova, Mansory, and Shiba Inu aims to blend Web3 innovation with luxury. The Shiba Inu-inspired vehicle is generating buzz in the community, displaying the growing cultural influence of the Shiba Inu brand.

A steady flow of positive news continues to emerge regarding Shiba Inu. Daily updates highlight strong burn rates, potential price increases, and the belief that Shiba Inu could create future millionaires.

With a community of 1.5 million holders and a market cap nearing $8 billion, Shiba Inu stands as a key player in the cryptocurrency market.

The high engagement and momentum suggest that Shiba Inu is worth keeping an eye on, especially with the potential for major price moves in the coming year, considering the large number of tokens being removed through burns.

Alongside SHIB, PEPU is also among the top swaps on MetaMask. PEPU, a crypto ICO, saw a 10x increase and served as an L2 solution for Pepe. Now, a new ICO offers a similar L2 solution for Solana, just as Shiba Inu did for Ethereum. This new project is called Solaxy.

Best Altcoin to Buy: Solaxy (SOLX)

Solaxy has outpaced every other Solana presale in history, raising an impressive $32.9 million in its ongoing presale—almost twice as much as Ethereum raised in 2014.

While Ethereum can handle 12 transactions per second (TPS) and Solana manages 6,500 TPS, Solaxy is setting a new standard with 10,000 TPS. This offers Solana unprecedented scalability, unlocking massive potential.

With better scalability, Solana can bring in more users and try new ideas without the congestion it has faced since launch. The $SOLX token is used for transaction fees, staking, and governance on the Solaxy blockchain, creating real value and demand.

Solaxy is also aiming for cross-chain interoperability, intending to integrate Solana’s fast and affordable network with Ethereum’s vast liquidity pools. This integration could bridge users and developers between two major blockchain ecosystems, expanding Solaxty’s reach.

Investors can acquire $SOLX at its presale price of $0.001712, but the price will increase during the ICO. The next price hike is expected in less than one day.

Alongside its Layer 2 objectives, Solaxy presents an enticing staking program for early investors. SOLX holders can stake their tokens and earn a 125% APY (annual percentage yield), making it one of the most attractive passive income opportunities in the crypto space.

Investors can buy SOLX tokens directly from the official Solaxy presale website, with payment methods including ETH, USDT, BNB, and credit cards. Tokens are also available through the Best Wallet app, which can be downloaded on both iOS and Android devices.

Focusing on scalability, interoperability, and strong staking rewards, Solaxty appears to be gathering momentum as one of the most promising meme coin projects launching in 2025. Visit Solaxy.

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Other articles published on May 07, 2025