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UNI Price Rallies as Shiba Inu Burns 410 Trillion Tokens; BlockDAG Underlines 5000x Potential Post Tokyo Keynote Debut

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At the forefront of the market’s much-anticipated resurgence, the recent Shiba Inu burn initiative has incinerated 410 trillion SHIB tokens, dramatically slashing the SHIB supply. Uniswap is another noteworthy highlight, with its UNI token’s value soaring following a unanimous vote in favour of the fee distribution proposal.

Against this optimistic backdrop, BlockDAG (BDAG) has taken the crypto world by storm, releasing a keynote video that debuted on the digital screens of Shibuya Crossing in Tokyo. BDAG, currently in its second batch of presale has amassed over $4.1 million, signalling huge buyer interest.

Shiba Inu Burn Incinerates 410 Trillion SHIB

The Shiba Inu (SHIB) community has recently burned many SHIB tokens to decrease the token’s supply. 410 trillion SHIB tokens have been burned from the initial supply, leaving 589,276,602,516,460 SHIB in circulation.

Despite the massive Shiba Inu burn, SHIB’s price has declined by 17% over the past seven days, although it saw a 246% increase over the past month. However, this price fluctuation is viewed as a minor correction amidst a generally optimistic outlook for the token’s future value, with the community aiming to surpass SHIB’s all-time high.

Uniswap (UNI) Price Soars Following Fee Distribution Proposal Upgrade

The Uniswap (UNI) protocol proposed an upgrade to allow fee distribution to token holders, receiving unanimous support in a recent vote. Following the approval, Uniswap (UNI)’s price soared to a 2-year high of $16.95, with a 40% increase over the week, placing it 17th by market cap.

Despite this surge, UNI remains 69.19% below its all-time high. Currently, it trades at $13.84, reflecting a 5.7%  uptick over the week, indicating strong market optimism towards the proposal’s potential impact.

BlockDAG Among Top Crypto Coins for 2024

BlockDAG, an emergent PoW project inspired by the Kaspa protocol, has garnered investor attention following its keynote debut at Shibuya Crossing in Tokyo. The keynote highlighted the project’s aspiration to revolutionise the crypto landscape with its innovative hybrid consensus mechanism, industry-leading speed, and eco-friendly mining solutions. Furthermore, it underscored BlockDAG’s ambitious goal of securing a position within the top 50 on ranking sites such as Coinmarketcap and CoinGecko.

BlockDAG’s presale exploded after the keynote premiere, amassing over $4.1 million in funding. However, the project shows no signs of slowing down, aiming to raise $600 by the end of 2024.

Currently priced at $0.0015, BlockDAG is nearing the sellout of its second presale. The price is set to increase incrementally with each batch, with 45 batches in total. As the project is about to move to its third presale batch, investors should act quickly to capitalise on the current price.

In response to the overwhelming early investor interest and the $4.1 million raised quickly, BlockDAG has announced a $2 million mega giveaway to be won by 50 lucky community members. To participate in the giveaway, follow BlockDAG’s social media channels, submit your wallet address, increase your chances by completing all tasks, and bring friends for additional entries.

Final Words

Shiba Inu burn initiative wipes out 410 trillion SHIB, dramatically slashing its supply. Uni price rallies following fee distribution proposal upgrade. BlockDAG (BDAG) emerges as a formidable player in the presale arena following its viral keynote debut in Tokyo and its presale raising over $4.1 million in funding.

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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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