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Remember Doge? Well, move over – another dog-themed cryptocurrency is barking its way back into the limelight. Shiba Inu (SHIB), the Dogecoin-inspired meme coin that took the internet by storm in 2021, is experiencing a remarkable resurgence.
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The discussion around Ethereum exchange-traded funds (ETFs) has taken a central stage, especially with the anticipation of spot Ethereum ETFs potentially launching in the US within the year.
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Altcoin market cap approaches $640B with memecoins and AI projects driving the surge.
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In an eagerly anticipated development, Ethereum’s (ETH) upcoming ‘Dencun’ upgrade, scheduled for March 13, is poised to bring about significant advancements in the scalability, security, and usability of the Ethereum network.
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Shiba Inu layer-2 solution, Shibarium, has observed a surge in transaction volume, indicative of increased network activity. However, this growth appears to be driven primarily by existing users, raising concerns about the platform’s ability to attract new participants.
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Bitcoin supporter Fred Krueger has recently voiced concerns about Ethereum’s (ETH) fundamental trends and potential regulatory hurdles. Krueger’s remarks, shared in a post on X, underscored notable statistics regarding Ethereum’s network activity and transactional utility.
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Worldcoin (WLD), one of the big data altcoins led by OpenAI’s Sam Altman, has put on a tremendous show over the last few days. The WLD token went from a low of $2.2 at the start of last week to peaking above $8 as of Monday, February 19. This translates to an over 200% rally in the space of a week.
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Solana’s foremost meme coin, BONK, is again making headways on the charts and in its fundamentals. The meme coin’s ecosystem recently made significant strides, which are already having a positive effect and could provide further bullish momentum for the crypto token.
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Web3 security firm Blockaid recently reported another significant security breach that Angel Drainer carried out. The notorious phishing group is said to have drained 128 crypto wallets of their funds.
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John Karony, CEO of the bankrupt crypto firm SafeMoon, has experienced a setback in his legal defense following his attorneys’ decision to withdraw from the case. Karony is currently facing criminal charges for conspiracy to commit wire fraud, money laundering, and securities fraud in the US.
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Dogecoin has been able to stay in the top 10 cryptocurrencies by market cap after its impressive rally spurred by billionaire Elon Musk in 2021. However, the meme coin has been having a tough go at it after a drawn-out bear market triggered a 90% price decline.
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Cryptocurrency analyst and Decentralized Finance (DeFi) enthusiast, Mark Deutscher has disclosed the top five altcoins displaying strong resilience and performance amidst the dwindling crypto market.
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