,The post Shiba Inu 4,000% Increase In Burn Rate Triggers Bull Rally, Can Dogecoin Compete?  appeared first on Coinpedia Fintech News
Popular doggy-themed meme coin Shiba Inu (SHIB) has experienced another substantial surge in its burn rate, soaring by 4,000%. The new milestone has fueled optimism about a potential bull rally, raising questions about whether Shiba Inu (SHIB) can now rival Dogecoin (DOGE). 
Amidst this development, another crypto project has been recording multiple milestones recently. ETFSwap (ETFS), a decentralized exchange, has witnessed a massive surge in token adoption, with millions of tokens sold ahead of the approaching bull market. 
Shiba Inu (SHIB) Burn Rate Barrels Ahead Of Dogecoin (DOGE)
Shiba Inu’s burn rate skyrocketed by approximately 4,111% on May 6, marking a significant drop in the number of tokens in circulation. Data from Shibburn revealed that more than 82.1 million Shiba Inu (SHIB) were removed from circulation, pushing the cryptocurrency’s market capitalization to $14.3 billion presently. 
This substantial burn rate comes after many others, as Shiba Inu (SHIB) has seen millions of tokens burned in a single day. The cryptocurrency’s burn process works by sending significant amounts of tokens to a dead wallet to effectively reduce Shiba Inu’s supply. The purpose of burning Shiba Inu (SHIB) tokens is to create scarcity and potentially increase its value.
With Shia Inu’s burn rate surging by 4,111%, this development could trigger a bullish rally, propelling the cryptocurrency’s current price of $0.000024, according to CoinMarketCap, to new highs. Additionally, this surge could potentially rival Dogecoin (DOGE), the largest meme coin by market capitalization. 
Over the past 24 hours, Dogecoin’s price of $0.14 is down by 4.38% while Shiba Inu (SHIB) has also dropped by 2.10%. This significant decline underscores the volatility of meme coins and susceptibility to market conditions. 
Despite achieving its new burn rate milestone, Shiba Inu (SHIB) is still trading below its all-time high of $0.000086 in 2021. This bearish sentiment is not shared by other crypto projects like ETFSwap (ETFS), which has been gaining momentum despite prevailing market trends. 
ETFSwap (ETFS) Scores Major Milestone With Ongoing Presale Success
While Shiba Inu’s burn rate soars amidst price declines, ETFSwap (ETFS), a decentralized exchange, has been recording significant milestones in its developmental process and ongoing public presale.
As a blockchain-based cryptocurrency and Exchange-Traded Fund (ETF) trading platform, ETFSwap (ETFS) uses tokenization to enable the buying and trading of institutionally listed ETFs. Users from all over the world can utilize this innovative platform to swap cryptocurrencies like Shiba Inu (SHIB) for institutional ETFs such as leveraged ETFs, fixed-income ETFs, cryptocurrency spot and futures ETFs, and commodity ETFs. 
The platform has applied for multiple licenses to operate in several jurisdictions, opening access to the tokenized ETF market for cryptocurrency and non-crypto investors globally. Additionally, ETFSwap (ETFS) has leveraged blockchain technology to boost its platform’s performance, including facilitating the trading experience, streamlining transactions, boosting user security, and enhancing transparency. 
Trading ETFs on ETFSwap (ETFS) also comes with a few other perks, including up to 10x leverage on all trades, an 87% APR yield when you invest and stake its native token, ETFS, and low-cost trading sessions. Furthermore, this platform offers perpetual futures and options trading, allowing users up to 50x leverage across all listed ETFs when they trade in long and short options directly on ETFSwap. 
In terms of security and privacy, ETFSwap (ETFS) has eliminated the need for KYC verification, improving its privacy features so users can trade anonymously and comfortably without the interference of third-party entities like regulators and other financial institutions. 
Moreover, no vulnerabilities were detected in the platform’s security and underlying infrastructure after its smart contract was thoroughly audited by CyberScope, a prominent cybersecurity and blockchain audit company. 
Presently, investors’ demand for ETFS tokens is growing at a rapid rate, and even Shiba Inu (SHIB) and Dogecoin (DOGE) whales have been showing interest in ETFSwap’s native token. 
New investors can purchase ETFS tokens in its ongoing first presale stage to gain access to ETFSwap’s numerous trading solutions and investment opportunities. 
The price of the token is currently $0.00854 but is expected to rise to $0.01831 by the second presale stage. The platform has already scored multiple achievements in its ongoing presale, witnessing more than 80 million ETFS tokens sold out in just the first stage of its presale. 
For more information about the ETFS Presale:
Visit ETFS Presale
Join The ETFSwap Community

,柴犬後燃燒率增加4,000%引發多頭反彈，狗狗幣能競爭嗎？首次出現在 Coinpedia 金融科技新聞 廣受歡迎的狗狗主題模因幣 Shiba Inu (SHIB) 的銷毀率再次大幅飆升，飆升了 4,000%。新的里程碑激發了人們對潛在多頭反彈的樂觀情緒，引發了關於柴犬（SHIB）現在是否可以與狗狗幣（DOGE）競爭的問題。在這一發展過程中，另一個加密項目最近已經記錄了多個里程碑。 ETFSwap (ETFS) 是一個去中心化交易所，見證了代幣採用量的大幅激增，在牛市即將到來之前售出了數百萬代幣。柴犬 (SHIB) 銷毀率大幅領先狗狗幣 (DOGE) 5 月 6 日，柴犬銷毀率飆升約 4,111%，標誌著流通代幣數量大幅下降。 Shibburn 的數據顯示，超過 8,210 萬隻柴犬 (SHIB) 被退出流通，目前該加密貨幣的市值已達到 143 億美元。這種巨大的銷毀率僅次於其他許多代幣，因為 Shiba Inu (SHIB) 已經在一天內銷毀了數百萬個代幣。加密貨幣的銷毀過程透過將大量代幣發送到死錢包來有效減少柴犬的供應。銷毀Shiba Inu (SHIB) 代幣的目的是創造稀缺性並可能增加其價值。價格達到0.000024 美元，創出新高。此外，這種飆升可能會與市值最大的迷因幣狗狗幣（DOGE）相媲美。在過去的 24 小時內，狗狗幣的價格為 0.14 美元，下跌了 4.38%，而柴犬 (SHIB) 也下跌了 2.10%。這一顯著下降凸顯了模因幣的波動性和對市場狀況的敏感度。儘管達到了新的燃燒率里程碑，Shiba Inu (SHIB) 的交易價格仍低於2021 年0.000086 美元的歷史高點。盛行，但該項目的動能一直在增強市場走向。 ETFSwap (ETFS) 憑藉持續的預售成功取得重大里程碑雖然Shiba Inu 的燃燒率在價格下跌的情況下飆升，但去中心化交易所ETFSwap (ETFS) 在其發展過程和持續的公開預售中一直在記錄重要的里程碑。來自世界各地的用戶可以利用這個創新平台將 Shiba Inu (SHIB) 等加密貨幣兌換為槓桿 ETF、固定收益 ETF、加密貨幣現貨和期貨 ETF 以及商品 ETF 等機構 ETF。該平台已申請在多個司法管轄區運營的多個許可證，為全球加密貨幣和非加密投資者開放了代幣化 ETF 市場的准入。此外，ETFSwap（ETFS）利用區塊鏈技術來提高其平台的效能，包括促進交易體驗、簡化交易、提高用戶安全性和提高透明度。在 ETFSwap (ETFS) 上交易 ETF 還附帶一些其他福利，包括所有交易高達 10 倍的槓桿、投資和質押其原生代幣 ETFS 時的 87% 年利率收益率以及低成本交易時段。此外，該平台還提供永續期貨和選擇權交易，當用戶直接在 ETFSwap 上進行多頭和空頭選擇權交易時，所有上市 ETF 的槓桿率高達 50 倍。在安全和隱私方面，ETFSwap（ETFS）消除了KYC驗證的需要，改進了其隱私功能，使用戶可以匿名、舒適地進行交易，而不受監管機構和其他金融機構等第三方實體的干擾。此外，在其智能合約經過著名網路安全和區塊鏈審計公司Cyber​​Scope的徹底審計後，該平台的安全性和底層基礎設施並未發現任何漏洞。目前，投資者對 ETFS 代幣的需求正在快速增長，就連柴犬（SHIB）和狗狗幣（DOGE）鯨魚也對 ETFSwap 的原生代幣表現出了興趣。新投資者可以在正在進行的第一預售階段購買 ETFS 代幣，以獲得 ETFSwap 的眾多交易解決方案和投資機會。該代幣的價格目前為 0.00854 美元，但預計在第二次預售階段將升至 0.01831 美元。該平台在預售中已取得多項成果，僅預售第一階段就售空了超過 8,000 萬枚 ETFS 代幣。有關 ETFS 預售的更多資訊：造訪 ETFS Presale 加入 ETFSwap 社區