The Shiba Inu community found their momentum to reduce the amount of SHIB tokens in circulation after a period of drawbacks. Meanwhile, another meme coin, Pepe, has caught the attention of whales with a surge in large activity. Also, Bitcoin Spark has been the hub of attention over its integration of smart contracts into the Bitcoin network.
Shiba Inu (SHIB) Burn Surge As Shibarium Utility Rises
In October, Shiba Inu recorded a dip in burn activity. There was a significant dip in the Shiba Inu burn rate as the price performance of SHIB went down early in the month. However, the SHIB burn rate has recorded a 1,400% surge since November.
Analysts have linked the surge in token burn to a recent milestone of the Shibarium layer 2 network. Shibarium has processed over 3.750 million transactions barely three months into its launch. However, the Shiba Inu price movement has not impressed investors.
The Shiba Inu coin price uptrend was jeopardized by selling pressure at $0.00000800. However, SHIB was supported by the 100-day EMA staying in line. As such, the Shiba Inu price prediction remains bullish, with analysts forecasting a rally above $0.0000100 before the year ends.
Pepe Whale Accumulation Spiked After 50% Increase
The frog-themed meme coin Pepe emerged as one of the dark horses in the last crypto rally. The price of Pepe Coin shot up by more than 50% after months of decline. PEPE reached a high of $0.000001200 in the process.
Analysts have predicted that the Pepe Coin price could still rise. Also, there has been a brief retracement. This is because there has been a surge in whale activity on the network. Accumulation from whales has hinted at a possible price increase.
Like Shiba Inu, the team behind the Pepe project instituted a token burn mechanism. They destroyed $5.5 million worth of PEPE tokens in the process. With this, the price forecast for the meme coin has turned bullish. Analysts believe PEPE has a good chance of rising to $0.00000200 before the year ends.
Bitcoin Spark Has Introduced Smart Contracts To Bitcoin
Bitcoin has established itself as the foremost blockchain network. However, one major criticism has been the lack of smart contract functionality. Bitcoin Spark, a new fork of the network, has solved that, by integrating smart contracts functionality into its codes. Because of this, it has been ranked as the best new crypto to buy now.
This means developers can bank on the security and reliability of Bitcoin when building dApps on the Bitcoin Spark network. Also, it has been engineered to operate faster than Bitcoin. The project outlined its other aim as decentralizing the mining process.
The high cost of mining equipment made this pivotal blockchain process accessible to only a few individuals and corporations. Bitcoin Spark has solved this problem by introducing its hybrid Proof-of-Process (PoS) consensus mechanism.
PoP is significantly more energy-efficient and will allow smart devices to mine on the Bitcoin Spark network. With this, there has been great interest in the network. However, investors can still join early now Bitcoin Spark is in its ninth crypto presale stage, where BTCS trades at $3.50 per token.
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