The cryptocurrency industry remains a hotbed of innovation and rapid change.
In this article, we’ll consider some latest trends including the surging burn rate of Shiba Inu. Also, VanEck’s preparations for an Ethereum ETF and Tradecurve Markets’ groundbreaking introduction of AI trading to the crypto market.
Shiba Inu Burn Rate Surge By 1,000%
Since the layer 2 network, Shibarium, launched in August, there has been a significant rise in the Shiba Inu burn rate. In the latest rise, the burn rate has increased by an outstanding 1,000%. As a result, 178.39 million SHIB tokens were burnt in 53 transactions.
Despite the surge in burn rate, there is still mixed sentiment about the Shiba Inu coin. Some analysts suggest that this could be a precursor for a SHIB rally. Already, the Shiba Inu price has improved from $0.000007100 to $0.000007380.
However, the price of Shiba Inu has remained under bearish pressure throughout September.
VanEck Prepares Ethereum ETF
VanEck has joined the race for an Ethereum Exchange Traded Fund (ETF). The $77.8 billion AUM firm announced its VanEck Ethereum Strategy ETF (EFUT). VanEck said the fund will invest in standardized, cash-settled ETH futures contracts via CFTC-registered platforms.
EFUT will be listed on the CBOE. With the growing number of Ethereum EFTs, experts have predicted that one will be approved in October. Crypto analysts have forecasted that this will be a major milestone for the Ethereum coin.
Already there have been improvements in the price of Ethereum.
Tradecurve Markets Bring AI-Powered Trading To Crypto
Artificial Intelligence is quickly becoming a trend in trading because of its ability to analyze vast amounts of data and execute trades with precision. Riding this trend, Tradecurve Markets is making waves by introducing AI trading to the crypto trading space.
Users will be able to use AI-powered bots for trading the likes of Ethereum, Shiba Inu, and other assets. This is because Tradecurve Markets supports other financial markets. These bots can optimize trades efficiently, allowing traders to earn more. These bots are live on the demo platform.
This feature AI bots will also work on stocks, forex, options, and commodities supported on the platform. Because they can adapt to market conditions in real time, users get more efficient trading strategies. In addition to next-gen AI bots, Tradecurve Markets also respect user privacy and anonymity.
The platform will offer the lowest fees in the exchange space. With these features, Tradecurve Markets has been predicted to become a top exchange. Its utility token, TCRV, now trades at $0.03 but has been predicted to reach $0.5 before the year ends.
For more information about the Tradecurve Markets (TCRV) presale:
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