BlockDAG Prepares for Hollywood-style Keynote 3 as Presale Reaches $170M; Shiba Inu Burn Rate Soars & Toncoin Revives

The cryptocurrency market is brimming with opportunities as the Shiba Inu burn rate soars by an impressive 31,637%, reflecting the SHIB community's commitment to increasing scarcity and enhancing long-term value.

The cryptocurrency market is brimming with opportunities as several tokens make waves in the digital asset space. Among them, Shiba Inu (SHIB) is grabbing attention with an astonishing burn rate increase. At the same time, Toncoin's price shows signs of recovery, and BlockDAG (BDAG) is gearing up for its highly anticipated Hollywood-style Keynote 3 event. Here's a closer look at these developments.

Shiba Inu Burn Rate Soars by 31,637%

In a remarkable development, the Shiba Inu burn rate soared by an incredible 31,637% over the last 24 hours. This massive surge reflects the SHIB community's unwavering commitment to reducing token abundance and enhancing long-term value.

More than 35.6 million SHIB were permanently burned from circulation during this period, highlighting the community's collective effort to increase scarcity. A single burn transaction eliminated 15.5 million SHIB, while two separate transactions removed nearly 20 million SHIB from the total supply. Additional small-scale burns by other community members further contributed to this burning activity.

While Shiba Inu's burn rate is primarily aimed at tackling token oversupply, its immediate impact on market prices is minimal due to the vast number of SHIB in circulation. However, analysts believe that persistent burning activities could bolster long-term price appreciation, especially as new functionalities, such as the Shibarium Layer-2 solution, are introduced.

Toncoin Price Exhibits Mixed Indicators Amidst Recovery

After dipping to $5.53 on Friday, Toncoin's price has modestly recovered, reaching $5.79 on Saturday. Observers note that this rebound coincides with a downturn in activities on TON's decentralized exchanges (DEXs).

Platforms like Stone.FI and DeDust have seen reduced swaps and liquidity, patterns commonly associated with Toncoin price instability. For instance, a recent surge in Toncoin's price was largely attributed to a massive NFT drop on TON's DEX, a development that drove up demand for Toncoin among traders seeking to participate in the NFT sale.

On the other hand, the derivatives market tells a different story. TON's Open Interest has increased by 2.77% to $214.07 million, indicating a resurgence of trader interest in the digital asset.

However, a broader perspective reveals a concerning trend. Active addresses on TON have declined significantly, dropping from 3.8 million in late October to just 1 million today. This drastic decrease in active users raises questions about Toncoin's future viability and ability to sustain itself in the long run.

Anticipating BlockDAG’s Keynote 3: A Hollywood-Level Event on the Horizon

As BlockDAG prepares for its Keynote 3 event, excitement builds around this initiative, poised to redefine how crypto projects unveil their strategies. The event, crafted by top-tier Hollywood professionals, is likely to align with the debut of BlockDAG's Mainnet, adding to the buzz. This timing reflects BlockDAG's pledge to push the boundaries of cryptocurrency and maintain clear communication.

Since beginning its crypto presale, BlockDAG has garnered $170 million and released over 17.4 billion coins. Currently, the price of BDAG in batch 26 is $0.0234 each, promising early supporters returns exceeding 2,000%.

BlockDAG's approach, combining memecoins and advanced DeFi tools, has garnered attention among crypto enthusiasts. As we approach 2025, BlockDAG is emerging as a leading contender in the top crypto assets landscape.

With the Mainnet development complete and an ongoing audit, BlockDAG is preparing for a smooth Mainnet launch. As the presale nears its $600M target, participants are eager to secure their positions, anticipating vast growth potential, especially with possible future listings.

The launch of Keynote 3 is expected to propel BlockDAG further into the crypto market consciousness, setting it up for long-term success.