Shiba Inu Burns Surpass 20,000 Transactions, Dogecoin Linked to X Payments, But Why Are Prices Under Pressure?

BroadChain has learned that at 21:16 on April 20, according to Bitcoinist, the meme coin sector is quietly gaining momentum. Shiba Inu has surpassed the milestone of 20,000 burn transactions, while Dogecoin has regained attention due to its association with the payment vision of the X platform. However, despite positive ecosystem developments, both coins continue to experience price declines, highlighting a clear disconnect between fundamental improvements and market performance. The Shiba Inu network has exceeded 20,000 burn transactions, aiming to continuously reduce its massive circulating supply of 589 trillion tokens. Yet, its price remains weak, currently trading in a narrow range between $0.0000058 and $0.000006. On April 14 alone, it fell by approximately 2.83%, with relatively low trading volume, indicating that burn activities alone struggle to drive price increases in a weak market. As for Dogecoin, the head of product at X hinted on April 14 at plans related to cryptocurrency, sparking speculation about its potential integration into the X payment ecosystem (X Money). However, its current price is around $0.09, far below optimistic expectations. Market analysis points out that although both coins show potential for ecosystem growth, prices may remain subdued in the absence of specific implementation details and strong capital inflows.