Altcoins
Shiba Inu, Dogwifhat Defy Market Drops, Altcoins Prepare for Major Rally and More: This Week in Cryptocurrency
June 2, 2024 3:39 a.m. | 2 minutes of reading
This past weekend in the cryptocurrency world was nothing short of eventful. From the surprising jump of MAGA Coin to the resilience of memecoins amid declines in Bitcoin and Ethereum, there has been no shortage of intriguing developments. Let’s move on to the highlights.
The remarkable rise of MAGA Coin: MAGA Coin saw a significant jump following former President Donald Trump’s endorsement of the cryptocurrency. The former executive suggested that crypto enthusiasts vote for him, which would lead to a notable increase in the value of MAGA Coin. Read the full article here.
Memecoins defy market declines: Despite the slowdowns experienced by Bitcoin and Ethereum, memecoins like Shiba Inu and Dogwifhat saw double-digit gains. This unexpected resilience has intrigued many market observers. Read the full article here.
Is the market rebounding on the horizon?: Despite the “Holiday Weekend Blues” that saw Bitcoin, Ethereum and Dogecoin take a hit, a popular trader Crypto Capo suggests the market is ready to rebound. Read the full article here.
Patience pays off for the Shiba Inu investor: A Shiba Inu investor turned a $2,625 investment into a staggering $1.1 million after 3.5 years of inactivity. This incredible return on investment demonstrates the potential of what we call the “Dogecoin Killer”. Read the full article here.
Altcoins Poised for a Major Rally: According to a pseudonymous analyst Technological development, altcoins are entering a “manual markup” phase, predicting a major rally ahead. This prediction serves as a ray of hope for altcoin investors amid recent market turmoil. Read the full article here.
Read next: “Dogecoin Killer” Shiba Inu Burn Rate Increases Nearly 250% as Whales Show Interest in Memecoin
Photo via Shutterstock
This story was generated using Benzinga Neuro and edited by Anan Ashraf.
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