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Top Trader Swaps Bitcoin for Altcoins, ‘Dogecoin Killer’ Shiba Inu’s Potential Breakout, and More: This Week in Cryptocurrency
May 19, 2024 6am | 2 minutes reading
The week was a rollercoaster in the world of cryptocurrencies. From a top trader’s surprising move to a CEO’s political warning, the crypto market was buzzing with activity. Here’s a quick recap of the top stories that made headlines.
Top Trader exchanges Bitcoin for Altcoins
Renowned cryptocurrency trader Michael van de Poppe shocked the market by announcing that it had sold all its Bitcoin holdings to invest in altcoins. Despite Bitcoin’s recent weak price action, Van De Poppe clarified that his decision was not due to a loss of faith in Bitcoin. Read the full article here.
Political warning from Uniswap CEO
Hayden AdamsCEO of Uniswap (CRYPTO: UNI), criticized the Biden administration for downplaying the political significance of cryptocurrency. Adams likened the administration’s oversight to a serious strategic miscalculation, expressing concern that it could alienate a significant voter base and impact campaign financing. Read the full article here.
Millionaire Trader Meme Coin Success
Trader ‘Bonk Guy’ Revealed Seven-Figure Profit in 48 Hours Trading AMC (CRYPTO: AMC) and GameStop (CRYPTO: GME) derived on Solana. Bonk Guy invested around $155,000 in trading, which is currently worth $1.3 million, recording gains of 641%. He believes the real “meme coin season” hasn’t even started yet. Read the full article here.
Potential Breakout of ‘Dogecoin Killer’ Shiba Inu
Crypto Trader Javon Marcos predicts that ‘Dogecoin Killer’ Shiba Inu (CRYPTO: SHIB) could surpass its all-time high of $0.000088598, implying a price appreciation of over 282% from current levels. Marks suggests that the meme coin is currently in a “gap” phase before continuing its upward trajectory. Read the full article here.
Dogecoin’s potential resurgence
Crypto Kaleo expressed his belief in Dogecoin (CRYPTO: DOGE) resurgence, attributing it to the retail sector’s renewed appetite for risk. He emphasized Dogecoin’s enduring relevance, stating: “Dogecoin is not dead. As soon as he starts getting thrown, he will move vertically again.” Read the full article here.
Read next: Donald Trump’s Election Odds Increased To 51% According To This Crypto Prediction Market
Read next: Why this crypto market is a ‘bear trap’ and which coins this trader is supporting
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