Shiba Inu’s (SHIB) burn rate skyrocketed over 14,575%, removing 279 million tokens from circulation and boosting SHIB’s price by 2%. Investors are eyeing a potential breakout, with some speculating a run toward $1. Bitcoin also gained 2%, targeting $67,000 as buyer interest grows. Similarly, DigiHorse (DIGI) continues its upward price movement in the GameFi space, with analysts predicting a sustained rally as investor interest intensifies.
Shiba Inu (SHIB) is turning heads today as its burn rate surged by an astounding 14,570%, with 279.65 million tokens removed from circulation in the last 24 hours. This dramatic increase in burn rate is drawing significant attention from investors, with one wallet address alone accounting for 277.58 million tokens burned, further fueling optimism about the meme coin’s potential.
The burn frenzy comes at a crucial time for SHIB, as it coincides with broader market recovery and gains among top meme coins. The removal of tokens from circulation is viewed positively by the market, as it reduces the overall supply, potentially boosting SHIB’s price and signaling a rally. Investors are watching closely for further developments, with many speculating that this burn could pave the way for a significant breakout.
Bitcoin Eyes $67,000 As On-Chain Metrics Signal Bullish Momentum
Bitcoin’s price saw a modest 2% increase in the last 24 hours, mirroring a broader uptrend in the cryptocurrency market. On-chain data suggests that this bullish momentum could continue, potentially pushing BTC towards the $67,000 mark in the near term.
One key indicator is Bitcoin’s taker-buy-sell ratio, which has hit a one-month high of 1.19. This shows that buy volumes in the futures market outpace sell volumes, pointing to strong demand for Bitcoin. Additionally, exchange activity supports this outlook, with Glassnode data revealing a drop in BTC deposits to exchanges, signaling that investors are holding their assets, expecting further price appreciation.
Is DigiHorse A Safe Haven In A Volatile Market?
As the market shows signs of short-term recovery, investors are still seeking stable opportunities to weather future volatility. DigiHorse, a GameFi token that has seen consistent price growth over the past few months, has proven to be one such haven. Its community is increasingly convinced they are holding a valuable asset, as DigiHorse continues to offer both financial returns and gaming innovation.
In recent weeks, DigiHorse has successfully sold 8,871,266.66 DIGI tokens during its presale, accumulating just over $700,000 in funding. Currently priced at $0.008571, the token is set to be listed at $0.075, reflecting a potential 700% price increase. GameFi tokens have surged in popularity, and DigiHorse is taking advantage of this trend by offering more than just a typical gaming experience. The project combines blockchain technology with customized genetics for NFT horses and high-stakes racing tournaments.
This unique model appeals to a wide range of investors, from casual gamers to crypto enthusiasts. Early presale investors are already seeing returns, and the growing community is eagerly awaiting the project’s official launch.
One key feature that sets DigiHorse apart is its exclusive membership through the DigiHorse Empires Club. Members gain early access to rare in-game assets and new features, as well as governance roles that allow them to influence the game’s direction.
This combination of financial reward and strategic influence makes the DigiHorse investment experience more valuable for early adopters, positioning them for long-term success as the project continues to grow.
Learn More About the Thrilling Opportunities of DigiHorse ($DIGI) Presale Now!
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 