This week in the cryptocurrency market has seen notable movements. Shiba Inu and Litecoin are demonstrating price increases, while BlockDAG continues to attract investments.
SHIB Price Rises Amid Surge in Burn Rate
Shiba Inu (SHIB) gained 4.63% in the last 24 hours, trading at approximately $0.00001672. This rise occurred alongside increased activity from large holders and a sharp increase in the burn rate by more than 3000%. Although this affects only a small part of SHIB's total supply of 589 trillion coins, the rise in network activity has caught community attention.
Litecoin Approaches $100 on ETF Optimism
Litecoin (LTC) shows strong momentum, trading around $102.59, a 1.82% jump in a single day. Traders point to the delay—not rejection—of the proposed spot Litecoin ETF by Canary Funds as the reason behind this move. While not a definitive green light, the delay is seen as encouraging.
BlockDAG Succeeds with Over $240.5 Million Raised
BlockDAG (BDAG) continues to build momentum, clearing the mark of $240.5 million in funds raised. More than 20.1 billion coins have been sold, with the next pricing milestone, Batch 28, set at $0.0262. This highlights how much progress BDAG has made.
Both Shiba Inu and Litecoin are experiencing short-term price increases, but uncertainties remain about their future. Meanwhile, BlockDAG offers long-term prospects, making it an appealing option for investors.
