Major cryptocurrencies experienced a mixed trading day on Wednesday due to two notable developments. Firstly, the race for a Bitcoin ETF gained traction as the number of entrants reached a total of 13.
Floki’s new venture, TokenFi (CRYPTO: TOKEN), has seen a 10% increase in value over the past 24 hours outperforming top meme-based cryptocurrencies such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).<
Dogecoin (CRYPTO: DOGE) co-founder Billy Markus, popularly known as Shibetoshi Nakamoto, criticized DAOs for their structure and questioned their long-term viability.
Dogecoin's (CRYPTO: DOGE) price has increased 3.1% over the past 24 hours to $0.08. Over the past week, DOGE has experienced an uptick of over 3.0%, moving from $0.08 to its current price. As it stands right now, the coin's all-time high is $0.73.
Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB) saw over 10,000% increase in burn rate as 291 million SHIB tokens were permanently removed from circulation in the last 24 hours.
Major cryptocurrencies experienced a significant drop on Monday evening, with exchanges reporting the lowest quantity of available Bitcoin since April 2018, excluding the recent lows noted in October.
Shiba Inu’s (CRYPTO: SHIB) token burn rate has catapulted by 5,000% in the last 24 hours, leading to the destruction of approximately 2.7 million SHIB tokens, data from Shibburn shows.