Altcoins
Shiba Inu, Dogwifhat Defy Market Dips, Altcoins Poised for a Big Rally, and More: This Week in Cryptocurrency
June 2, 2024 3:39 am | 2 minute read
This past weekend in the world of cryptocurrency was eventful to say the least. From the MAGA coin’s surprising leap to the resilience of memecoins during Bitcoin and Ethereum dips, there has been no shortage of interesting developments. Let’s dive into 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 leader suggested that cryptocurrency enthusiasts vote for him, resulting in a notable increase in the value of the MAGA coin. Read the full article here.
Memecoins defy market declines: Despite the declines experienced by Bitcoin and Ethereum, memecoins such as Shiba Inu and Dogwifhat posted double-digit gains. This unexpected resilience has left many market observers intrigued. Read the full article here.
Will the market recover on the horizon?: Despite the “Holiday Weekend Blues” that saw Bitcoin, Ethereum and Dogecoin take a hit, the popular trader Head of Crypto suggests the market is ripe for a recovery. Read the full article here.
Patience pays off for Shiba Inu Investor: One 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 is a testament to the potential of the so-called “Dogecoin Killer”. Read the full article here.
Altcoin ready for a big rally: According to the pseudonymous analyst TechDev, altcoins are entering a “textbook markup” phase, predicting a major rally ahead. This prediction represents a beacon of hope for altcoin investors amid the recent market turmoil. Read the full article here.
Read next: Shiba Inu ‘Dogecoin Killer’ Burn Rate Increases by Nearly 250% as Whales Show Interest in Memecoin
Photo via Shutterstock
This story was generated using Benzinga Neuro and modified by Anan Ashraf.
ENTER TO WIN $500 IN STOCKS OR CRYPTO
Enter your email and you’ll also receive Benzinga’s latest morning update AND a free $30 gift card and more!
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.