April 28, 2024 7:04 AM | 2 minute read |
This past week has been a rollercoaster ride in the world of cryptocurrencies. From soaring Shiba Inu burn rates to growing concerns about the crypto market being overvalued, there was no shortage of action. Meme coins continued to make waves, with Pepe and Dogecoin gaining momentum. meanwhile, Cathie Wood of Ark Invest He made a bold prediction about Ethereum. Here is a summary of the top articles.
The Shiba Inu's combustion rate has skyrocketed. – Shiba Inu (CRYPTO: SHIB) is once again gaining attention due to a significant increase in burn rate and wallet activity. Shibburn's data reveals that in the past 24 hours, the burn rate has skyrocketed by 2,211.9%, with 1.8 million SHIB coins burned in a single transaction. Read the full article here.
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Greed for cryptocurrencies reaches peak, but prices do not rise – Twitter personality WazzCrypto expressed concern about the current state of the cryptocurrency market. He emphasized that overvaluation is widespread, with many new projects being launched at valuations exceeding $10 billion. He also discussed the impact of memes on market sentiment and the influx of new capital into the crypto space. Read the full article here.
Related article: “Dogecoin killer” Shiba Inu’s burn rate has fallen in the past 24 hours, and the price of mirrors has also fallen
Pepe May Flip Shiba Inu and Dogecoin – pepe (CRYPTO: PEPE) has posted significant gains over the past seven days, and analysts are predicting further bullish price action. Murad, a meme coin analyst and trader, believes Pepe, “a cult community with over 10 million unique memes,” has the potential to flip Shiba Inu and Dogecoin. Read the full article here.
Meme coin drives mass adoption of Base's L2 network – Jesse Pollak, creator of Base of Coinbase, attributes the surge in adoption of layer 2 networks to the rise of meme coins. He highlighted the influence of meme coins in integrating a significant number of users into the Base ecosystem. Read the full article here.
Cathie Wood's Ethereum Prediction – Cathie Wood of Ark Invest believes: Ethereum (Crypto: ETH) could catch up Bitcoin (Crypto: BTC) and will bring huge profits to investors in the coming years. She predicts that Ethereum's market capitalization could reach $20 trillion by 2032. Click here for the full article.
Read next: Memecoin is 'pure Ponzi' and will 'destroy cryptocurrencies', says trader who thought Dogecoin was different
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