**Cryptocurrency Rollercoaster: Shiba Inu Burn Rate Soars, Cathie Wood Predicts Ethereum’s Rise**
**Shiba Inu Burn Rate Skyrockets**
Shiba Inu (CRYPTO: SHIB) has seen a significant increase in burn rates and wallet movements, with a 2,211.9% spike in burn rate in the past 24 hours. A single transaction burned 1.8 million SHIB coins, putting the meme coin back in the spotlight.
**Crypto Greed Peaks, But Prices Don’t**
Twitter personality WazzCrypto expressed concerns about overvaluation in the cryptocurrency market, with many new projects launching with valuations exceeding $10 billion. The impact of memes on market sentiment and the influx of new money into the space were also discussed.
**Pepe May Flip Shiba Inu and Dogecoin**
Pepe (CRYPTO: PEPE) has gained significant traction in the past week, leading analysts to predict further bullish price action. Meme coin analyst and trader Murad believes that Pepe, with its “cult community with more than 10 million unique memes,” could surpass Shiba Inu and Dogecoin.
**Memecoins Fueling Mass Adoption Of Base’s L2 Network**
Jesse Pollak, creator of Base on Coinbase, credits the rise of memecoins for the increasing adoption of the layer-2 network. Memecoins have played a crucial role in integrating a large number of users into the Base ecosystem.
**Cathie Wood’s Ethereum Prediction**
Cathie Wood of Ark Invest made a bold prediction about Ethereum (CRYPTO: ETH), suggesting that it could catch up to Bitcoin (CRYPTO: BTC) and provide investors with significant profits in the coming years. She forecasts Ethereum reaching a market capitalization of $20 trillion by 2032.
As the cryptocurrency market continues to experience ups and downs, investors and enthusiasts are closely watching these developments unfold. Stay tuned for more updates on the ever-evolving world of digital assets.
