#Ethereum and #ADA are strongly rebounding, targeting key price levels.
Recently, mainstream cryptocurrencies have shown a strong bullish trend, with Ethereum (ETH) and Cardano (ADA) performing especially well.
The current trading price of Ethereum is $3,934.55, up 2.46% in a single day, with a market cap of $475.12 billion and a 24-hour trading volume of $41.05 billion.
Most analysts believe that its rebound momentum is still brewing, with the next breakout target locked at $4,800. As user demand for decentralized applications (dApps) and Ethereum Layer 2 solutions rises, the hot low gas fee ecosystem continues to provide sustained momentum for ETH.
ADA is also closely following an upward trend, currently priced at $0.7811, with a daily increase of 2.35%, a market cap of $27.67 billion, and daily trading volume exceeding $1.5 billion, nearly an 80% increase from before.
With smart contract functionality and staking rewards mechanisms, ADA continues to attract developers and long-term holders, and the market expects it to break through the $1.50 mark.
#SHIB team reveals new token burn method, can it surpass Dogecoin?
Shiba Inu (SHIB) official marketing head Lucie recently interacted with the community on a themed post on the X platform, responding to the controversy of whether 'SHIB can replace Dogecoin as the 'people's currency' and also revealing a brand new path for token burning for the first time.
New burn mechanism: Indirectly burning SHIB through game transactions.
Lucie mentioned that current development around the Shibarium blockchain is mostly focused on ecological models, with few products specifically targeting SHIB tokens. The core reason is the lack of dedicated development funds — unlike projects like Ethereum and Cardano that have funding support, SHIB's products must first generate revenue independently to be implemented.
She emphasized, 'Clear vision and solid execution.'
is the key to breaking the deadlock, and revealed a new way to burn SHIB: every transaction on the Shibarium blockchain will automatically burn a portion of SHIB, while the SHIB developed by the team.
thematic games will become an important carrier. Users can earn SHIB by playing games, and the transaction behaviors during the gaming process will further promote token burning, forming a positive cycle of 'play to earn + burn.'
The 'people's currency' debate: the gap between SHIB and Dogecoin remains.
Lucie clearly stated that “SHIB has been, is, and will always be the people's currency,” a statement that directly echoes Elon Musk's positioning of Dogecoin (DOGE) — Musk has previously claimed that DOGE is superior to Bitcoin in payment scenarios, calling it the “people's currency.”
However, based on market data, there is still a gap between the two: DOGE currently has a market cap of $35.4 billion, ranking 8th on CoinMarketCap; SHIB has a market cap of $7.9 billion, ranking 22nd. Whether SHIB can narrow the gap through ecological upgrades still needs time to test.
Overall, the rise of Ethereum and ADA indicates a continuation of the overall bullish trend in the crypto market, while SHIB’s new burn mechanism injects new variables into its ecosystem, which investors can pay attention to for subsequent implementation progress.