Dogecoin растет, в то время как темпы сжигания токенов Shiba Inu замедляются: Guest Post by Coin Edition Russia from

Dogecoin Surges, While Shiba Inu Token Burn Rate Slows: Guest Post by Coin Edition Russia

Dogecoin Surges as Market Sentiment Improves

Amidst a broader market recovery, Dogecoin (DOGE) has been among the top-performing cryptocurrencies, posting double-digit gains in recent days. DOGE hit a 60-day high of over $0.11, before retracing slightly to around $0.104 at the time of writing.

The surge in DOGE's price can be attributed to several factors, including improved market sentiment, positive news surrounding the project, and increased retail investor interest. DOGE has also benefited from its association with Tesla CEO Elon Musk, who has been a vocal supporter of the cryptocurrency.

Shiba Inu Burn Rate Slows

In contrast to Dogecoin's rally, the burn rate of Shiba Inu (SHIB) tokens has slowed down significantly. The project's official burn tracker shows that the average daily burn rate has dropped to around 100 million SHIB, compared to billions of tokens burned daily at its peak.

The slowdown in the burn rate could be due to several factors, including a decrease in SHIB trading volume and a shift in the project's focus. The Shiba Inu team has recently been working on developing a layer-2 solution called Shibarium and a decentralized exchange (DEX) called ShibaSwap.

Analysts Remain Cautious

While Dogecoin and Shiba Inu have experienced significant price action in recent weeks, analysts remain cautious about their long-term prospects. They argue that both projects lack fundamental value and are primarily driven by speculation and hype.

However, some analysts believe that Dogecoin's association with Elon Musk could continue to drive its price higher. They also note that Shiba Inu's upcoming developments, such as Shibarium and ShibaSwap, could provide the project with more utility and increase its appeal to investors.

Conclusion

Dogecoin and Shiba Inu have been two of the most talked-about cryptocurrencies in recent weeks. While both projects have seen their prices surge, the burn rate of SHIB tokens has slowed down. Analysts remain cautious about the long-term prospects of both projects, but they acknowledge that Dogecoin could continue to benefit from its association with Elon Musk and Shiba Inu's upcoming developments could provide it with more utility.