‘Dogecoin Killer’ Shiba Inu Burn Rate Spikes 800%, Crypto Market Rallies As Sentiment Soars And More: This Week In Cryptocurrency

This week has been a rollercoaster for the crypto market. The world of cryptocurrencies has been abuzz with news, from a spike in Shiba Inu’s burn rate to speculation that certain altcoins will become irrelevant.Major virtual currencies Bitcoin BTC/USD, Ethereum ETH/USDand dogecoin doge/usd ended April with heavy losses, but market sentiment soared as the new week began. Let’s take a look at the details.

“Dogecoin Killer” Shiba Inu’s burn rate skyrockets by 800%

Shiba Inu’s burn rate has increased again, with an 800% surge and millions of coins burned in recent trades, prompting positive market sentiment and rising prices. Read the full article here.

The fate of altcoins: strong performers or irrelevant?

The pseudonymous crypto trader “Cold-Blooded Schiller” wonders if the market is starting to phase out certain altcoins in favor of stronger performers and Bitcoin. He points out that while Bitcoin’s strength is undeniable, there are interesting differences between altcoins. Meme coins like Dogwifhat, Pepe, and Floki Inu have seen significant gains, but will their momentum continue? Read the full article here.

SEE ALSO: Bitcoin, Ethereum, Dogecoin Rise, Macro Data Sends Market Sentiment Soaring: ‘Above $67,000, We’re Flying’

Big losses for Bitcoin, Ethereum, and Dogecoin in April

April ended on a difficult note for major cryptocurrencies. Bitcoin, Ethereum, and Dogecoin ended the month with losses of 16%, 19%, and 40%, respectively. According to financial and crypto newsletter WhaleWire, the new Hong Kong Bitcoin ETF could be a “total failure” despite bullish expectations. Read the full article here.

Are Dogecoin and Shiba Inu planning a rebound?

Despite a turbulent month, traders remain optimistic about Dogecoin and Shiba Inu.Chart analyst Ali Martinez predicts a bullish breakout Shiba Inu SHIB/USD, Meanwhile, crypto trader YG Crypto analyzes the recent performance of Dogecoin, whose price has dropped significantly by 40%. Read the full article here.

Crypto market rises as sentiment soars

Despite the losses in April, the crypto market had a strong start in May. Major cryptocurrencies are rising in value, with Bitcoin rebounding well above $60,000. Read the full article here.

Read next: Dogecoin is ‘poised for a rally’ but Pepe is ‘on a moon mission’, trader shouts

Image: Eyvind Pedersen from Pixabay

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