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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).

SHIB Burn Rate Surges 1,361%, DOGE Eyes $0.27 But BlockDAG's 2520% ROI Steals 2025 Focus

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.

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Other articles published on May 02, 2025