After experiencing significant fluctuations, the crypto market is currently in a stable zone, with all major cryptocurrencies showing positive gains. The leading cryptocurrency, Bitcoin, is hovering around $98,000 and trending upwards. It will be interesting to see how the cryptocurrencies respond to the inflation data that is set to be released this week as the crypto market continues to gain mainstream attention each day.
Let’s see which cryptocurrencies are worth watching this week.
Shiba Inu, Dogecoin’s main rival and another popular memecoin, has recently seen a significant surge. The primary driver behind this rally is the burn rate, which spiked by a surprising 807% in a 24-hour span, according to data from Shibburn. In total, the Shiba Inu ecosystem has removed 20,530,875 SHIB tokens from circulation over the past 24 hours.
For those unfamiliar, coin burning is the process of permanently removing cryptocurrency tokens from circulation by sending them to an inaccessible wallet address. The goal is to reduce the supply of tokens, which, in turn, can increase the value of the remaining coins.
Currently, Shiba Inu (SHIB) is trading at $0.00001603, reflecting an 11% increase over the past week.
The Securities and Exchange Commission (SEC) has acknowledged Canary Capital’s application for a spot Litecoin (LTC) exchange-traded fund (ETF) within two weeks of its initial filing. This news has led to a significant price surge fueled by speculation about increasing institutional interest. Due to Litecoin’s functional similarities to Bitcoin, some analysts believe that the SEC may be more inclined to approve the ETF soon.
Currently, Litecoin (LTC) is trading at $118, reflecting a nearly 24% growth over the past week.
Ondo Finance, a leader in blockchain-based financial innovation, has introduced Ondo Chain, a new blockchain designed to connect traditional finance with the blockchain ecosystem. Ondo Chain acts as a bridge between conventional finance and decentralized finance (DeFi), allowing for the tokenization of real-world assets (RWAs), including U.S. public securities.
The news has triggered the price of the token Ondo (ONDO), which is currently at $1.36, representing an almost 17% increase over the last week.
Circle, the issuer of the stablecoin USDC, has officially launched its dollar-pegged stablecoin on the Aptos blockchain network. Coinbase (COIN), the largest crypto exchange, has already included Aptos-native USDC in its listing roadmap. The news has pushed the price of Aptos native token, APT, up and is currently trading at $6.30, seeing a 9% surge over the past week.
Bittensor seeks to decentralize machine learning and artificial intelligence by creating a marketplace where AI functions as a tradable commodity. While some industry experts remain skeptical, labeling Bittensor as a “memecoin” capitalizing on the current AI hype, its recent performance suggests growing interest.
In the past few days, Bittensor’s value has surged, likely due to the ongoing competition between China’s Deepseek and OpenAI, which may have driven Bittensor’s strong performance.
Currently, Litecoin (LTC) is trading at $396, reflecting a nearly 26% growth over the past week.
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