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Cryptocurrency News Articles
SHIB Burn Rate Surges 1,361%, DOGE Eyes $0.27 But BlockDAG's 2520% ROI Steals 2025 Focus
May 02, 2025 at 08:00 am
Crypto markets are heating up again with strong moves from Shiba Inu (SHIB) and Dogecoin (DOGE).
Crypto markets are heating up again with some interesting developments emerging for Shiba Inu (SHIB) and Dogecoin (DOGE).
SHIB’s 1,361% spike in burn rate and DOGE’s renewed bullish trend are certainly grabbing headlines. However, one project is rapidly pulling away with a 2520% return already secured for early adopters, a $223 million presale milestone, and new features like Price Rollback and Buyer Battles that are pulling fresh capital at a rapid pace.
That project is BlockDAG, and as the next market cycle approaches, here’s a detailed look at how each project is stacking up.
Shiba Inu’s Burn Activity Points to Growing Optimism
Shiba Inu recently witnessed a sharp 24-hour rise in its burn rate, cutting available token supply by a substantial 1,361%. Throughout history, significant shifts in SHIB’s burn activity have often been followed by major price movements.
Within the ecosystem, new addresses saw a 22.10% increase while active wallets rose by 23.07%, suggesting heightened community participation.
SHIB is currently forming a cup and handle pattern, with crucial resistance located at $0.01411. Breaking above this level could pave the way for a rally toward $0.00001709. However, failure to hold support at $0.00001051 could expose SHIB to further downside.
Exchange reserves are gradually decreasing, indicating less selling pressure. Nevertheless, a sharp 157.97% drop in netflow suggests that some whales remain cautious despite the broader bullish trends.
For short-term traders seeking volatile setups ahead of broader market movements, SHIB presents an interesting opportunity.
Credit: TradingView
Dogecoin Strength Builds Toward $0.27 Target
Dogecoin is displaying strength after bouncing off a crucial support level at $0.115. Momentum is gathering pace, evidenced by the rising Weighted Funding Rate, which indicates that more traders are positioning for a sustained price increase.
A critical breakout point is the descending trendline resistance. If breached, it could swiftly propel DOGE toward $0.207, especially if the daily chart closes above $0.165.
Exchange data also supports a bullish outlook, with $3.75 million in weekly outflows suggesting that larger wallets are accumulating DOGE. Despite still closely following the 200-day EMA, Dogecoin’s improving fundamentals could set the stage for further gains as positive market sentiment returns.
Credit: TradingView
BlockDAG’s Buyer Battles and Price Rollback Generate Huge Opportunity
While SHIB and DOGE show promise, BlockDAG is delivering tangible results. Early supporters have already realized a 2520% ROI, and with $223 million raised, the project’s momentum is now undeniable.
Due to limited-time special pricing, BlockDAG’s batch 28 token price has been reduced from $0.0262 to $0.0019, presenting a rare early entry opportunity for new buyers. This move has noticeably increased daily presale purchases.
Adding another layer of engagement are the daily Buyer Battles, where 25 million BDAG tokens are released each day, and if not fully sold, the largest buyer for that day receives the remaining allocation.
This ongoing competition boosts engagement and rewards serious participants, creating a dynamic final presale stage.
Beyond presale mechanics, BlockDAG’s Beta Testnet is already live, handling over 800 transactions per second. Independent security audits from CertiK and Halborn confirm the project’s technical strength.
The rollout of the X1 Miner App also simplifies mining access through smartphones, expanding participation.
With community meetups increasing and the mainnet launch on the horizon, BlockDAG is clearly setting the stage for sustainable growth and broader adoption.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- USD1 Stablecoin Chosen to Close $2 Billion MGX Investment in Binance
- May 02, 2025 at 06:50 pm
- Eric Trump, the executive vice president of The Trump Organization, said that the Trump family-backed stablecoin USD1 has been chosen to close Abu Dhabi investment firm MGX's $2 billion deal with cryptocurrency exchange Binance.
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