The crypto market had fairly per week, marked by a flurry of fascinating developments. From the rise of the meme coin MAGA to Max Keiser’s ominous market crash prediction and the burn fee spike of Shiba Inu, there was no lack of pleasure. Moreover, Dogecoin discovered a brand new ally in luxurious automobile maker Ferrari, whereas Edward Snowden as soon as once more threw his weight behind Bitcoin.
Trump-Inspired MAGA Coin Outshines Dogecoin, Shiba Inu
A brand new meme coin, MAGA TRUMP/USD, noticed a outstanding 20% surge during the last 24 hours, overshadowing established gamers comparable to Dogecoin DOGE/USD and the so-called ‘Dogecoin Killer’, Shiba Inu SHIB/USD. Each DOGE and SHIB solely managed a 2% improve on Friday, whereas MAGA is at present buying and selling at $3.63. The MAGA coin was launched in August, aiming to “Make Crypto Nice Once more.” Read the full article here.
Max Keiser Foresees A Market Crash and Bitcoin Increase
Bitcoin advocate Max Keiser has warned of an impending market disaster akin to the 1987 crash. In a tweet, Keiser predicted that Bitcoin, deemed the last word protected haven, will surpass the $500,000 mark. He additionally urged that Bitcoin exchange-traded funds (ETFs) and home Bitcoin mining operations may face seizures by the US authorities. Read the full article here.
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Shiba Inu Burn Rate Soars
The Shiba Inu ecosystem noticed a dramatic 2,730% improve within the token’s burn fee over the previous 24 hours, with a single transaction burning 85 million tokens. The motion of three trillion Shiba Inu tokens to entities together with Coinbase, Gate.io, Robinhood, and a few personal wallets was additionally famous. Read the full article here.
Dogecoin Worth Bolstered by Ferrari Acceptance
Dogecoin skilled a 4% worth improve, reaching $0.090, following studies that luxurious sports activities automobile producer Ferrari would possibly begin accepting the cryptocurrency as fee. The social buzz round Dogecoin surged, with its social dominance rating rising by 125% inside per week. Read the full article here.
Edward Snowden Backs Bitcoin
Edward Snowden, the well-known former Nationwide Safety Company contractor, reiterated his assist for Bitcoin BTC/USD, hailing it as essentially the most important financial development for the reason that creation of coinage. Snowden has beforehand expressed substantial curiosity in Bitcoin and infrequently shares his ideas on the topic. Read the full article here.
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