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Prominent analytics firm Santiment says the altcoin market may continue to rally as long as two main factors persist. In a new strategy session, Santiment says altcoins will likely continue to trend higher if Bitcoin (BTC) does not return to the $80,000 range and if possible, exchange-traded funds (ETFs) for alts continue to generate excitement. “As we kick off May trading, stay alert to quickly evolving narratives – particularly if Bitcoin holds its position, and profits continue redistributing to various projects based on the latest news breaks. The altcoin rally may have legs if ETF hype continues, and if Bitcoin can stay strong above $90,000.” Specifically, Santiment notes there is investor enthusiasm around the possible launch of spot market ETFs for payments token XRP, Ethereum (ETH) rival Solana (SOL) and memecoin Dogecoin (DOGE). “Many believe that, once approved, these ETFs could bring in large amounts of institutional money and push XR...

Shib Burn Spikes Over 3000% In a stunning development, Shiba Inu (SHIB) experienced an astonishing burn rate of 3197.58% in the last 24 hours, resulting in the destruction of 472,351,642 $SHIB tokens. Wallet adress 0x881d5c98866a08f90a6f60e3f94f0e461093d049 has burnt alone over 22,543,426 $SHIB tokens. advertisement Despite the recent burn event, the price of Shiba Inu (SHIB) currently stands at $0.00000758. This is significantly lower than its all-time high of $0.00008845, which was reached two years ago on October 28, 2021. In the past 24 hours, SHIB has experienced a range of $0.000007536 to $0.00000779, indicating a relatively stable trading range. However, the market capitalization of Shiba Inu has faced a slight decline. The current market cap is valued at $4,469,406,075, showing a 2.00% decrease from the previous period. Positive Indicators For Shiba Inu According to data from Santiment , a renowned crypto Analysis firm, the burn has had a profo...