The cryptocurrency market is showing activity with various events, including discussions around the XRP Spot ETF, the rise in SHIB token burning, and interest in the new BlockDAG project.
Speculation Around XRP Spot ETF
The idea of creating an XRP Spot ETF has garnered speculation, although the official launch date is still unknown. Interest in the ETF has renewed despite the lack of confirmed plans. In late April, XRP reached $2.36, reacting to positive signals from firms such as Grayscale and Bitwise. Analysts suggest that when the ETF gets the green light, it might open doors for institutional investors and long-term holders, although legal issues between Ripple and the SEC remain significant.
SHIB Token Burning
SHIB has attracted attention again as its burn rate surged by 3,084% in a single day. More than 25.7 million SHIB tokens were permanently removed from circulation within 24 hours. This marks one of the highest burn spikes of the year, highlighting the SHIB community's commitment to sustaining long-term token value by reducing supply.
BlockDAG Attracting New Participants
The new project BlockDAG is capturing attention with its referral program, offering tokens at $0.0019 until May 13. A total of 19.6 billion tokens have already been sold during the presale, drawing interest from new buyers. The program also promises a 25% reward for referrals. Despite time limitations, interest in BDAG continues to rise, with early participants reporting significant returns.
The cryptocurrency market continues to show activity, driven by both long-standing projects and new participants. XRP is once again discussed in the context of the ETF, the rise in SHIB’s burn rate indicates community commitment, and BlockDAG finds new supporters among traders.
