Shiba Inu has witnessed a significant burn rate rally, sparking investors’ optimism about a potential price breakout. According to the latest data from Shibburn, the burn rate skyrocketed by 381% in the past 24 hours, resulting in millions of SHIB tokens being removed from circulation. A move that could help propel the Shiba Inu price to new heights. Similarly, the Cardano price rose to a ten-day high as most of the altcoins rebounded following Charles Hoskinson’s unveiling of a partnership with Globant.
The partnership saw the price of Cardano surge to $0.800 on Saturday, up by around 55% from its lowest level of the month. On the other hand, DTX Exchange (DTX) has entered a bonus round, with a new price rally to $0.18, following a strong community demand. This move highlights the project’s success owing to its unique capabilities that continue to sit well with many investors.
Shiba Inu Burn Rate Jumps: Can SHIB Price Overcome Resistance?
This sharp rally comes as the SHIB community intensifies efforts to reduce supply, which could positively impact the Shiba Inu price movement. The Shiba Inu reports highlight that at least five different wallets contributed to the recent burn activity spike.
The burn has led to the Shiba Inu price showing signs of resilience amid market fluctuations, with investors closely monitoring whether the token can break key resistance levels. The Shiba Inu price, trading above $0.000014, has started regaining its value, with technical indicators suggesting bullish momentum. The first major hurdle for the Shiba Inu price is the 26-day EMA, a critical technical indicator traders use to assess potential breakouts.
Earlier, the SHIB token managed to test this resistance level but failed to establish a decisive breakout above this region. A successful break past this technical barrier might pave the way for further bullish momentum. According to crypto analyst Javon Marks, the Shiba Inu price appears to form a large inverse head and shoulder pattern. If the pattern plays out well, the analyst projects a potential Shiba Inu price target of $0.000081.
Cardano Price Could Rally After Globant Deal, Hoskinson VIP Meeting
The Cardano price has surged after founder Charles Hoskinson confirmed that they had collaborated with Globant, a publicly traded company with a market cap of almost $10B. Hoskinson said the deal will see the company use the ADA blockchain to build decentralized applications. Moreover, Globant and Cardano will also launch AI projects and applications soon as part of the deal.
The announcement came as Cardano enthusiasts waited for the highly anticipated meeting between Hoskinson and a VIP on March 1. The weekly chart suggests that the Cardano price has stabilized and retested crucial resistance levels at $0.802. The 50-week moving average supports this level, as the Cardano price completes the second phase of the Elliot Wave pattern.
If the Elliot Wave pattern works out, the ADA token will move into its third, highly bullish phase. If this happens, the next target for the Cardano price will be the 61.8% Fib retracement point at $2.000, representing a significant increase above its current levels.
DTX Exchange Enters Bonus Round Amid Massive Demand
DTX Exchange (DTX) is set to launch soon. The hybrid trading platform announced a final presale stage with a DTX price of $0.16, which was completed successfully. However, due to high investor demand, the project has offered a bonus round for all those who missed out. The bonus round has already attracted a new price target of $0.18, with over $14.6M in presale funding.
The DTX Exchange project offers mixed facilities of decentralized and centralized exchanges. This unique approach allows DTX Exchange to capture significant attention from traders and investors. Investors’ confidence has also been evidenced in the project’s impressive presale achievements, with the launch price set at $0.20. Moreover, this all-in-one financial ecosystem will offer traders access to over 120K fiat and crypto derivative pairs, including stocks, bonds, forex, NFTs, and ETFs.
The platform’s capability to tokenize financial instruments has broadened its scope beyond conventional crypto markets. This particular innovation positions it among the best ICO projects of 2025. The platforms also introduce Vulcan X, a layer-1 blockchain that connects standard asset classes with Web3 while enabling faster transaction speeds in the platform.
Will DTX Exchange Record Major Gains Like Shiba Inu and Cardano?
Shiba Inu’s price has started regaining an uptrend momentum following a rise in burn rate. The elimination of the SHIB token from circulation is set to propel the Shiba Inu price, which might lead to more rallies in the coming days. Cardano has also showcased a slight rally following the recent partnership with Globant as DTX Exchange is positioning itself as a unique game changer with its hybrid exchange platform. With its unique capabilities, DTX Exchange is also set to challenge major networks like Shiba Inu and Cardano in 2025, backed by the project’s focus on cross-world asset exchanges and cross-market availability, lending credibility to its long-term viability.
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Editor-in-Chief of CoinCentral and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@coincentral.com
