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#31
$3,602,773,818
$336,610,025
589,243,651,290,999.5
589,500,199,349,037.1
Rise 40%
Fall 60%
Rank #10
$0.1115
-1.36%
Rank #138
$0.00003200
-1.01%
Rank #351
$0.00
-0.85%
Rank #1512
$0.00
+2.33%
Rank #2009
$0.00
-2.51%
Rank #2104
$0.0003560
+8.64%
Rank #2540
$0.053
-9.06%
Rank #3899
$0.00
-9.66%
Rank #4984
$0.00
-2.29%
Rank #6578
$0.00
+0%
Rank #12598
$0.056
+83.07%
Rank #13505
$0.0002460
+0%
Shiba Inu (SHIB) is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem. During the initial launch, 50% of the supply was allocated into Vitalik Buterin's ethereum wallet. As a result of that, Vitalik proceeded to donate 10% of his SHIB holdings to a COVID-19 relief effort in India and the remaining 40% is burnt forever. That donation was worth about $1 billion at that time, which makes it one of the largest donation ever in the world. What is the Shiba Inu community working on right now? The Shiba Inu team launched a decentralized exchange called Shibaswap with 2 new tokens, LEASH and BONE. LEASH is a scarce supply token that is used to offer incentives on Shibaswap. BONE is the governance token for holders to vote on proposals on Doggy DAO.
4 May 2026, 21:48
Crypto news digest: SHIB burn rate surges 812%; Ripple’s Schwartz shuts down XRP gag order rumors; BTC eyes green light to $95,600.
4 May 2026, 13:22
Shiba Inu lately saw one of its strongest daily wallet growth in weeks, while holder addresses continue to increase.
4 May 2026, 05:10
BitcoinWorld Dogecoin Price Analysis: DOGE Recovers Upward Momentum as $0.109 Support Holds Strong Dogecoin (DOGE) has recaptured its upward momentum after weeks of sideways trading. The meme-inspired cryptocurrency broke through the key resistance level of $0.109. This move signals renewed buying interest among traders. CoinDesk first reported the price action on March 10, 2025. Dogecoin Price Analysis: Breaking Through $0.109 Resistance DOGE rose from $0.1075 to $0.1119 within a short trading window. This rally marked a clear break from the consolidation range. The price surge came with a noticeable spike in trading volume. Volume increased by 34% over the prior 24-hour period. Analysts at CoinDesk highlighted the pattern of higher lows. This pattern often indicates a shift in market sentiment. The $0.109 level previously acted as a ceiling. Now, it may serve as a new support floor. Market data from multiple exchanges confirms the breakout. Binance reported DOGE trading at $0.1112 with a 2.8% gain. Kraken showed similar figures with a 2.6% increase. The rally appears broad-based across trading pairs. Understanding the DOGE Upward Momentum The recent price action differs from earlier attempts to rally. Previous breakouts lacked volume confirmation. This time, volume spiked sharply over a two-hour period. Traders interpret this as genuine buying pressure. Technical indicators support the bullish case. The Relative Strength Index (RSI) moved from 48 to 62. This reading suggests room for further upside without being overbought. The Moving Average Convergence Divergence (MACD) also turned positive. Key support levels now sit at $0.109 and $0.1075. Resistance lies at $0.115 and then $0.120. A daily close above $0.112 would strengthen the bullish argument. Key Levels to Watch for DOGE Traders Immediate support: $0.109 (former resistance, now support) Secondary support: $0.1075 (recent swing low) First resistance: $0.115 (psychological level) Second resistance: $0.120 (February high) Volume threshold: Sustained volume above 1.2 billion DOGE daily Broader Market Context for Meme Coins Dogecoin’s recovery occurs against a mixed crypto market backdrop. Bitcoin trades near $67,000, showing modest gains. Ethereum holds above $3,500. The total crypto market cap sits at $2.4 trillion. Meme coins have faced headwinds since late 2024. DOGE declined 35% from its December high of $0.17. The current rally may signal a sector-wide sentiment shift. Other meme coins like Shiba Inu (SHIB) also show signs of life. Institutional interest in DOGE remains modest but steady. The Grayscale Dogecoin Trust continues to accumulate. Retail trading volumes on Robinhood and Coinbase show a 15% increase this week. Technical Indicators Supporting the Rally The daily chart reveals several bullish signals. DOGE formed a bullish engulfing candlestick pattern. This pattern occurs when the current day’s candle fully covers the previous day’s range. It often precedes continued upward movement. The 50-day moving average (MA) sits at $0.108. DOGE now trades above this level. The 200-day MA at $0.115 remains a key target. A crossover of these two MAs would confirm a longer-term trend change. On-chain metrics also show improvement. Active addresses increased by 12% over the past week. Transaction volume rose 8%. Large transactions (over $100,000) increased by 22%, suggesting whale accumulation. Comparing DOGE’s Current Rally to Past Breakouts Date Breakout Level Subsequent High Gain October 2024 $0.105 $0.14 33% December 2024 $0.12 $0.17 42% March 2025 $0.109 $0.1119 (current) 2.7% (ongoing) Expert Perspectives on DOGE’s Price Action Market analysts offer cautious optimism. “The volume spike is the most encouraging sign,” said Rachel Lin, CEO of SynFutures. “Without volume, breakouts often fail. This one has genuine buying behind it.” Other experts point to the need for confirmation. “We need to see $0.109 hold as support for at least 48 hours,” noted crypto trader Josh Olszewicz. “A retest and bounce would confirm the level’s strength.” CoinDesk’s technical analyst added that the pattern of higher lows is constructive. “DOGE has been building a base since January. This breakout could be the start of a more sustained move.” Risk Factors and Potential Headwinds Despite the positive price action, risks remain. The broader crypto market faces regulatory uncertainty. The SEC continues to review classification of meme coins. Any negative regulatory news could reverse gains. Market sentiment remains fragile. The Crypto Fear & Greed Index sits at 52, indicating neutral sentiment. A shift to fear could trigger profit-taking. Traders should monitor the index for changes. Liquidity conditions also warrant attention. Order book depth on major exchanges shows thinner liquidity above $0.115. This could lead to rapid price swings if the level is tested. Practical Implications for DOGE Holders Short-term traders may find opportunities in the current range. Setting stop-losses below $0.109 provides downside protection. Profit-taking near $0.115-$0.120 aligns with resistance levels. Long-term holders should focus on the broader trend. The $0.109 level now acts as a line in the sand. Holding above this level keeps the bullish narrative intact. A break below would suggest the rally has failed. Dollar-cost averaging into positions remains a prudent strategy. Volatility in meme coins can be extreme. Gradual accumulation reduces timing risk. Conclusion Dogecoin’s recovery of upward momentum marks a significant development. The breakout above $0.109 with strong volume provides a solid foundation. Holding this level as support is crucial for continued gains. Traders should watch for confirmation in the coming days. The DOGE price analysis suggests a potential shift from consolidation to accumulation. However, risks remain, and caution is warranted. The $0.109 level now serves as the key battleground for bulls and bears. FAQs Q1: What is the key support level for Dogecoin right now? The key support level for Dogecoin is $0.109. This level previously acted as resistance. Now it serves as the critical floor for the current upward momentum. Q2: Why is trading volume important for DOGE’s price action? Trading volume confirms the strength of price moves. High volume during breakouts suggests genuine buying interest. Low volume breakouts often fail. The recent DOGE rally had a significant volume spike. Q3: How does Dogecoin’s current rally compare to previous ones? The current rally shows similarities to past breakouts. It features a pattern of higher lows and strong volume. However, it is still in early stages. Previous rallies saw gains of 30-40% after similar setups. Q4: What are the main risks for DOGE traders right now? Main risks include regulatory uncertainty, fragile market sentiment, and thin liquidity above $0.115. A failure to hold $0.109 as support would invalidate the bullish setup. Q5: Should I buy Dogecoin at current prices? This article does not provide financial advice. Traders should conduct their own research. Consider your risk tolerance and investment goals. The current setup is promising but not guaranteed. This post Dogecoin Price Analysis: DOGE Recovers Upward Momentum as $0.109 Support Holds Strong first appeared on BitcoinWorld .
4 May 2026, 04:40
BitcoinWorld SWELL Token Burn: Swell Network Destroys 859.9 Million Tokens in a Deflationary Move In a decisive move to reshape its tokenomics, Swell Network (SWELL) has executed a massive token burn. The company announced the destruction of 859.9 million SWELL tokens in April. This represents a significant 8.6% reduction of the total supply. This event marks a pivotal moment for the protocol and its community. Understanding the Massive SWELL Token Burn The scale of this burn is unprecedented for Swell Network. By removing 859.9 million tokens from circulation, the protocol has permanently reduced its total supply. This action directly impacts the token’s scarcity. A lower supply, assuming demand remains constant or increases, can theoretically support a higher price per token. The team executed this burn as a strategic decision to enhance long-term value for holders. This move follows a period of high token inflation. Many DeFi protocols launched with large initial supplies. These supplies often get distributed through airdrops, staking rewards, and ecosystem incentives. Swell’s decision to burn a significant portion signals a shift toward a more deflationary model. It shows a commitment to managing the token’s economic health. Why Did Swell Network Burn So Many Tokens? Swell Network did not provide a single, explicit reason. However, several factors likely drove this decision. First, it addresses potential oversupply concerns. The market often reacts negatively to high inflation rates. By burning tokens, Swell aims to create a more sustainable economic environment. Second, it rewards long-term holders. A reduced supply can increase the value of remaining tokens. Third, it builds community trust. A decisive burn shows the team is proactive about tokenomics. This action also aligns with a broader industry trend. Many projects have turned to token burns to manage supply. These include giants like Binance (BNB) and Shiba Inu (SHIB). Swell’s burn, however, is notable for its size relative to the total supply. It is one of the largest proportional burns in the DeFi sector this year. Impact on SWELL Token Supply and Scarcity The total supply of SWELL tokens was initially 10 billion. After this burn, the circulating supply has dropped significantly. The new total supply is now approximately 9.14 billion tokens. This change is permanent. The burned tokens are gone forever. This creates a new baseline for the token’s economics. Scarcity is a core driver of value in cryptocurrency. When a project reduces its supply, it sends a strong signal. It indicates that the team believes the token is undervalued. It also suggests they are willing to sacrifice short-term distribution for long-term price appreciation. This burn effectively increases the ownership percentage of every remaining token holder. Market Reaction and Community Response The immediate market reaction was mixed. The price of SWELL saw a modest uptick in the hours following the announcement. However, broader market conditions also played a role. The community response has been largely positive. Many holders expressed approval on social media. They see the burn as a bullish catalyst. Analysts have noted that the burn removes a large overhang of potential sell pressure. This could stabilize the token’s price in the near term. It is important to note that a token burn is not a guaranteed price driver. Other factors, such as protocol revenue, user adoption, and overall market sentiment, also matter. Nonetheless, this action provides a clear psychological boost. It demonstrates that the team is actively managing the token’s value. Comparing the SWELL Burn to Other Crypto Burns To understand the scale, it helps to compare it to other notable burns. Binance, for example, burns BNB quarterly based on trading volume. These burns are smaller relative to the total supply. Shiba Inu’s burns are also large but happen more frequently. Swell’s burn is unique because it is a single, massive event. Here is a quick comparison: Binance (BNB): Quarterly burns, ~1-2% of supply per burn. Shiba Inu (SHIB): Frequent small burns, community-driven. Swell Network (SWELL): Single burn of 8.6% of total supply. This makes Swell’s action one of the most aggressive deflationary moves in recent memory. It sets a new precedent for how DeFi protocols can manage their token supplies. Future Implications for Swell Network This burn could have several long-term implications. First, it may attract new investors who value scarcity. Second, it could lead to further burns if the team decides to continue this strategy. Third, it strengthens the protocol’s economic foundation. A lower supply makes the token more resistant to dilution. The team has not announced any future burn plans. However, this action opens the door for a more active token management policy. It also increases the importance of staking and locking tokens. With fewer tokens available, those who hold and stake may see greater rewards. Conclusion The SWELL token burn of 859.9 million tokens is a landmark event for Swell Network. By reducing the total supply by 8.6%, the protocol has made a strong statement. It prioritizes long-term value and token scarcity. This action removes a significant amount of sell pressure. It also aligns the project with deflationary tokenomics. While the market’s full reaction will take time, the burn represents a positive step for the SWELL ecosystem. Token holders now have a clearer path to potential value appreciation. FAQs Q1: What is a token burn? A token burn is the permanent removal of tokens from circulation. The project sends them to a wallet that no one can access. This reduces the total supply and can increase scarcity. Q2: How many SWELL tokens were burned? Swell Network burned 859.9 million SWELL tokens in April. This represents 8.6% of the total initial supply. Q3: Will the SWELL token burn increase the price? A burn can support price increases by reducing supply. However, price is also affected by demand, market sentiment, and other factors. It is not a guaranteed price increase. Q4: Is this the only burn Swell Network will do? The team has not announced any future burns. This was a one-time event. However, it could set a precedent for future actions. Q5: Where can I check the current SWELL token supply? You can check the current supply on blockchain explorers like Etherscan. You can also find it on major cryptocurrency data platforms like CoinGecko or CoinMarketCap. This post SWELL Token Burn: Swell Network Destroys 859.9 Million Tokens in a Deflationary Move first appeared on BitcoinWorld .
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