,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

,柴犬后燃烧率增加4,000%引发牛市反弹，狗狗币能竞争吗？首次出现在 Coinpedia 金融科技新闻 广受欢迎的狗狗主题模因币 Shiba Inu (SHIB) 的销毁率再次大幅飙升，飙升了 4,000%。新的里程碑激发了人们对潜在牛市反弹的乐观情绪，引发了关于柴犬（SHIB）现在是否可以与狗狗币（DOGE）竞争的问题。在这一发展过程中，另一个加密项目最近已经记录了多个里程碑。 ETFSwap (ETFS) 是一个去中心化交易所，见证了代币采用量的大幅激增，在牛市即将到来之前售出了数百万代币。柴犬 (SHIB) 销毁率大幅领先狗狗币 (DOGE) 5 月 6 日，柴犬销毁率飙升约 4,111%，标志着流通代币数量大幅下降。 Shibburn 的数据显示，超过 8210 万只柴犬 (SHIB) 被退出流通，目前该加密货币的市值已达到 143 亿美元。这种巨大的销毁率仅次于其他许多代币，因为 Shiba Inu (SHIB) 已经在一天内销毁了数百万个代币。加密货币的销毁过程通过将大量代币发送到死钱包来有效减少柴犬的供应。销毁 Shiba Inu (SHIB) 代币的目的是创造稀缺性并可能增加其价值。根据 CoinMarketCap 的数据，随着 Shia Inu 的销毁率飙升 4,111%，这一事态发展可能会引发看涨反弹，推动加密货币当前价格达到 0.000024 美元，创出新高。此外，这种飙升可能会与市值最大的模因币狗狗币（DOGE）相媲美。在过去的 24 小时内，狗狗币的价格为 0.14 美元，下跌了 4.38%，而柴犬 (SHIB) 也下跌了 2.10%。这一显着下降凸显了模因币的波动性和对市场状况的敏感性。尽管达到了新的燃烧率里程碑，Shiba Inu (SHIB) 的交易价格仍低于 2021 年 0.000086 美元的历史高点。ETFSwap (ETFS) 等其他加密项目并不认同这种看跌情绪，尽管 ETFSwap (ETFS) 盛行，但该项目的势头一直在增强市场走向。 ETFSwap (ETFS) 凭借持续的预售成功取得重大里程碑虽然 Shiba Inu 的燃烧率在价格下跌的情况下飙升，但去中心化交易所 ETFSwap (ETFS) 在其发展过程和持续的公开预售中一直在记录重要的里程碑。交易所交易基金 (ETF) 交易平台 ETFSwap (ETFS) 使用代币化来实现机构上市 ETF 的购买和交易。来自世界各地的用户可以利用这个创新平台将 Shiba Inu (SHIB) 等加密货币兑换为杠杆 ETF、固定收益 ETF、加密货币现货和期货 ETF 以及商品 ETF 等机构 ETF。该平台已申请在多个司法管辖区运营的多个许可证，为全球加密货币和非加密投资者开放了代币化 ETF 市场的准入。此外，ETFSwap（ETFS）利用区块链技术来提高其平台的性能，包括促进交易体验、简化交易、提高用户安全性和提高透明度。在 ETFSwap (ETFS) 上交易 ETF 还附带一些其他福利，包括所有交易高达 10 倍的杠杆、投资和质押其原生代币 ETFS 时的 87% 年利率收益率以及低成本交易时段。此外，该平台还提供永续期货和期权交易，当用户直接在 ETFSwap 上进行多头和空头期权交易时，所有上市 ETF 的杠杆率高达 50 倍。在安全和隐私方面，ETFSwap（ETFS）消除了KYC验证的需要，改进了其隐私功能，使用户可以匿名、舒适地进行交易，而不受监管机构和其他金融机构等第三方实体的干扰。此外，在其智能合约经过著名网络安全和区块链审计公司Cyber​​Scope的彻底审计后，该平台的安全性和底层基础设施没有发现任何漏洞。目前，投资者对 ETFS 代币的需求正在快速增长，就连柴犬（SHIB）和狗狗币（DOGE）鲸鱼也对 ETFSwap 的原生代币表现出了兴趣。新投资者可以在正在进行的第一预售阶段购买 ETFS 代币，以获得 ETFSwap 的众多交易解决方案和投资机会。该代币的价格目前为 0.00854 美元，但预计在第二次预售阶段将升至 0.01831 美元。该平台在预售中已取得多项成果，仅预售第一阶段就售空了超过 8000 万枚 ETFS 代币。有关 ETFS 预售的更多信息：访问 ETFS Presale 加入 ETFSwap 社区