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Donald Trump Vows to End ‘Joe Biden’s War on Cryptocurrencies,’ Shiba Inu Burn Rate Increase, TrumpCoin Mystery, and More: This Week in Cryptocurrency
The week has been a roller coaster ride in the world of cryptocurrencies. From World currency outperforming Bitcoin and Ethereum, to the Argentine president backing Bitcoin and Donald Trump’s promise to end the “war on cryptocurrencies,” the cryptocurrency world was abuzz with activity. Not to mention the increased burn rate of the “Dogecoin Killer” Shiba Inu and the intriguing story of the creation of TrumpCoin. Let’s dive into the details.
Worldcoin’s impressive performance
Blockchain-based identity verification project Worldcoin has seen a significant rise, outperforming coins with a much higher market capitalization. The token has increased by more than 7% in the last 24 hours, while Bitcoin BTC/USD and Ethereum ETH/USD remained in their respective ranges. Worldcoin trading volume also increased by 74% to $275 million, indicating significant buying pressure. Read the full article here.
The Argentine president’s passionate proposal in favor of currency competition
Argentine President Javier Milei has expressed his support for free competition of currencies, including Bitcoin. Responding to a cryptocurrency analyst’s comment, Milei said that there will be free competition of currencies and no problems for those who want to use Bitcoin. Read the full article here.
Trump’s crypto pledge
Former President Donald Trump pledged during his campaign to end President Joe Biden’s “war on cryptocurrencies.” He stated that the future of cryptocurrencies and Bitcoin will be made in America, garnering applause and applause from the audience. Read the full article here.
The Shiba Inu Potential Pump
Shiba Inu SHIB/USD, often referred to as the “Dogecoin Killer,” has seen its rate of depletion and a spike in new accounts. The burn rate skyrocketed by 84,642.4% in the past 24 hours, with over 10 million SHIB coins burned in just six hours. Read the full article here.
The mystery of TrumpCoin
Martin Shkreli, known as “Pharma Bro”, claims that Barron Trump, son of former President Donald Trump, started the TrumpCoin DJT/USD token with his father’s consent. However, Barron Trump and his representatives have not yet made public comments on the matter. Read the full article here.
Eivind Pedersen from Pixabay
This story was generated using Benzinga Neuro and modified by Navdeep Yadav.