'Dogecoin Killer' Shiba Inu Burn Rate Spikes 800%, Crypto Market Rallies As Sentiment Soars And More: Thi

　　The week was a rollercoaster ride for the cryptocurrency market. The crypto world was buzzing with news, from Shiba Inu‘s surging burn rate to speculation of certain altcoins becoming irrelevant. Major cryptocurrencies like BitcoinBTC/USD, EthereumETH/USD, and DogecoinDOGE/USD ended April with heavy losses, but the market sentiment soared as the new week began. Let’s dive into the details.

　　‘Dogecoin Killer’ Shiba Inu Burn Rate Spikes 800%

　　Shiba Inu experienced a resurgence in its burn rates, with an 800% surge and millions of coins burned in recent transactions prompting positive market sentiment and an increase in prices.

　　Altcoins Fate: Strong Performers or Irrelevant？

　　Pseudonymous crypto trader “Cold Blooded Shiller” questions whether the market is beginning to phase out certain altcoins in favor of stronger performers and Bitcoin. He notes that while Bitcoin‘s strength is undeniable, there’s an interesting separation among altcoins. Meme coins like Dogwifhat, Pepe, and Floki Inu have seen significant gains, but will they maintain their momentum？

　　See Also: Bitcoin, Ethereum, Dogecoin Rally, As Market Sentiment Soars On Macro Data: Above $67,000 We Fly Like A

　　Heavy Losses for Bitcoin, Ethereum, Dogecoin in April

　　April ended on a sour note for major cryptocurrencies. Bitcoin, Ethereum, and Dogecoin closed the month with losses of 16%, 19%, and 40%, respectively. The new Hong Kong Bitcoin ETFs, contrary to bullish expectations, may turn out to be a “complete failure,” according to finance and crypto newsletter, WhaleWire.